Country’s
benchmark bank reports steady performance in tougher
market conditions
A
healthy growth in net interest income in the first quarter
of 2008 has enabled the Commercial Bank Group to weather
anticipated tougher market conditions and maintain growth
momentum, Sri Lanka’s benchmark private sector
bank said yesterday.
The Group comprising Commercial Bank of Ceylon PLC,
its associates and subsidiaries has reported a pre tax
profit of Rs 1,794.1 million for the three months ended
March 31, 2008, a growth of 13.7 per cent over the first
quarter of 2007. Post tax profit for the quarter, at
Rs 1,025.2 million was up by 11.4 per cent.Full
story
A
healthy growth in net interest income in the first quarter
of 2008 has enabled the Commercial Bank Group to weather
anticipated tougher market conditions and maintain growth
momentum, Sri Lanka’s benchmark private sector
bank said yesterday.