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Sri Lanka’s Sampath Bank net up 37-pct in Sept

ECONOMYNEXT – Profits at Sri Lanka’s Sampath Bank Plc, rose 37 percent to 2.59 billion rupees from a year earlier, helped by higher interest and fee income, interim accounts showed.

The bank reported earnings of 14.65 rupees per share for the quarter. For the nine months to September the bank reported 39.21 rupees per share, on total profits of 6.9 billion rupees, up 36 percent.

Interest income rose 54 percent to 15.77 billion rupees and interest expenses rose 76 percent to 9.5 billion rupees, but the bank grew 29.4 percent 6.2 billion rupees.

Fee income rose 22 percent to 1.74 billion rupees.

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