Cargills Bank posts Rs. 313 m PAT for 9 months

CARGILLS Bank yesterday announced its results for the nine months ended 30 September 2025, reflecting an increase of Rs. 155 million in profitability when compared to the corresponding period in 2024 posting a profit after tax (PAT) of Rs. 313 million.

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Chairman Asoka Pieris MD and CEO Senarath Bandara

In a statement the Bank said Net interest income of Rs. 2,743 million was a 10% increase of Rs. 244 million in the nine months period compared with the corresponding period of 2024. Despite the low interest regime that prevailed, commendable 31% growth in loan book coupled with continued focus on repricing of deposits and advances to reflect the market conditions to manage the NIM in an optimal manner resulted in the aforesaid growth in NII. The marginal reduction in NIM was due to the gradual reduction in market interest rates in line with the CBSL policy directions.

Net fee and commission income of Rs. 682 million for the nine months ended 30 September recorded Rs. 60 million growth in comparison with the corresponding period in 2024. Concerted efforts to improve trade volumes, loan related fee income, card related fee income and improved remittance income were among the main contributory factors for this growth of 10% recorded.