trending Market Intelligence /marketintelligence/en/news-insights/trending/mvDb50JVa2bexw23SyHIUA2 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

Commercial Bank of Ceylon Q2 net profit rises YOY amid trading gain

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

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

Commercial Bank of Ceylon Q2 net profit rises YOY amid trading gain

Commercial Bank of Ceylon PLC reported a year-over-year rise in net profit for the second quarter ended June 30, helped by a net gain from trading.

The Sri Lankan lender said net profit attributable to equity holders increased to 3.84 billion Sri Lankan rupees from 3.26 billion rupees in the year-ago period. EPS for the quarter went up to 4.14 rupees from 3.59 rupees.

Net interest income came in at 9.30 billion rupees, up from 8.07 billion rupees, while net fee and commission income also grew to 2.02 billion rupees from 1.52 billion rupees.

The group reported a net gain from trading amounting to 482.0 million rupees, compared to a net loss of 1.89 billion rupees a year earlier.

Net operating income for the quarter rose to 11.38 billion rupees, from 9.51 billion rupees in the prior-year period.

Interest margin for the period inched down to 3.43% at the end of June from 3.47% as of Dec. 31, 2016.

The bank's gross nonperforming advances ratio fell to 2.12% as of June 30 from 2.18% at the end of the prior year, while its net NPA ratio also slipped to 1.05% from 1.09% as of Dec. 31, 2016.

As of June 30, the lender's total capital adequacy ratio stood at 17.23%, up from 15.90% at the end of 2016. Its core capital adequacy ratio clocked in at 13.28%, up from 11.56% over the same period.

For the first half, the group's net profit attributable to equity holders totaled 7.66 billion rupees, up year over year from 6.52 billion rupees. EPS for the first six months rose to 8.26 rupees from 7.19 rupees a year earlier.

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