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People’s Bank achieves consolidated pretax profit of LKR 17.7 billion for Q1-25
The Island
|May 30, 2025
People’s Bank, Sri Lanka’s leading financial services provider, today announced its results for the period ended March 31, 2025 reporting total consolidated operating income of LKR 45.1 billion and post-tax profit of LKR 11.0 billion, reflecting a growth of 120.8% and 347.2%, respectively.
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Consolidated net interest income rose to LKR 38.6 billion during the said period from LKR 16.1 billion in the comparable period in 2024 - reflecting timely pricing of assets & liabilities in line with changing market interest rates. As a result, consolidated net interest margins improved to 4.3% in 2025 from 2.0% in 2024. Consolidated net fees & commissions amounted to LKR 4.5 billion for the period - representing a growth of 20.6% - also a group all-time high for the same period. Total consolidated operating expenses amounted to LKR 19.9 billion (2024: LKR 17.6 billion).
Total consolidated customers deposits reached LKR 3,106.5 billion (end 2024: LKR 2,947.9 billion) whilst net loans were LKR 1,689.4 billion (end 2024: LKR 1,665.0 billion). Total consolidated assets reached LKR 3,648.7 billion (end 2024: LKR 3,471.7 billion).
Cette histoire est tirée de l'édition May 30, 2025 de The Island.
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