trending Market Intelligence /marketintelligence/en/news-insights/trending/ayAIf-5glCNmz2yavOzXyQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Bank of Ceylon's fiscal Q2 profit falls YOY on impairment charges

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Bank of Ceylon's fiscal Q2 profit falls YOY on impairment charges

Bank of Ceylon reported a year-over-year decline in consolidated profit attributable to equity holders for the fiscal second quarter ended June 30 to 4.44 billion Sri Lankan rupees from 4.92 billion rupees on the back of impairment charges.

EPS for the quarter dropped to 440.05 rupees from 491.61 rupees.

Net interest income climbed to 15.63 billion rupees from 12.89 billion rupees, while net fee and commission income fell to 1.47 billion rupees from 1.63 billion rupees.

Total operating income rose to 20.02 billion rupees from 17.12 billion rupees, while net operating income declined to 15.58 billion rupees from 17.30 billion rupees. Total operating expenses fell to 7.25 billion rupees from 8.88 billion rupees.

The group posted impairment charges for loans and other losses of 4.45 billion rupees for the quarter, compared to a reversal for loans and other losses of 180.9 million rupees in the prior-year quarter.

For the fiscal first half, the group reported a year-over-year decline in consolidated profit attributable to equity holders to 10.41 billion rupees, or 1,388.11 rupees per share, from 10.75 billion rupees, or 2,150.44 rupees per share.

The group's interest margin for the half clocked in at 3.34%, down from 3.40% at the end of 2016.

The bank's standalone nonperforming advances ratio stood at 3.32% as of June 30, up from 2.88% at Dec. 31, 2016. Its net NPA ratio for the period was 0.73%, up from 0.41% at the end of 2016.

As of June 30, the group's total capital adequacy ratio was 11.95%, down from 12.47% at Dec. 31, 2016. Its core capital adequacy ratio for the period was 8.40%, down from 8.81% at the end of 2016.

As of Aug. 11, US$1 was equivalent to 153.05 Sri Lankan rupees.