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BOC’s
2008 bottom line up 24% to Rs. 4.1 b
- Group
revenue up 18% to Rs. 62 billion
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Assets and liabilities up by over 10% to Rs. 484.8
billion and Rs. 461 billion.
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Bank’s deposit base up by 2.2% to Rs. 315.5 b
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Borrowings swell by 37.6% to Rs. 128 b
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Net loans and advances dip by 5% to Rs. 268 b
Bank
of Ceylon (BOC) has posted a net profit of Rs. 4.1 billion
in 2008, up by 24.3% over 2007.
Consolidated profit before tax was nearly Rs. 6 billion
reflecting an increase of 15% in comparison to the performance
in 2007. Total group revenue rose by 18% to Rs. 62 billion.
Group assets amounted to Rs. 491.7 billion up by 10.7%
whilst liabilities were Rs. 465.5 billion, reflecting
a similar percentage increase.
The Bank’s net profit was up by 32% to Rs. 3.7
billion while pre-tax profit was Rs. 5.3 billion reflecting
an 18% increase. Total revenue of the Bank was up by
18% to Rs. 59 billion. Operating profit before provisions
was Rs. 8.1 billion, up by 28.4% in 2007.
Full
Story....
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