Sampath Bank books nine-month PAT of Rs. 21.5 b, up 21% YoY

SAMPATH Bank has produced strong results for the nine months ended 30 September, maintaining its growth momentum in 2025.

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The bank reported a Profit Before Tax (PBT) of Rs. 35.3 billion and a Profit After Tax (PAT) of Rs. 21.5 billion for the nine-month period ended 30 September 2025, reflecting consistent year-on-year (YoY) growth of 18% and 21%, respectively.

Furthermore, the Group delivered a strong financial performance, recording a PBT of Rs. 38 billion and a PAT of Rs. 23.1 billion for the same period, marking growth of 19% and 21%, respectively.

The bank's total interest income declined by 3% YoY for the nine-month period ended 30 September 2025, reaching Rs. 134 billion. This decrease was primarily driven by the continued reduction in the Average Weighted Prime Lending Rate (AWPLR) and lower yields from Government securities. Interest expenses saw a corresponding decrease of 2% YoY to Rs. 76.8 billion, reflecting the overall downward trend in market interest rates. Consequently, the bank's Net Interest Income (NII) contracted by 6% YoY to Rs. 57.2 billion. The Net Interest Margin (NIM) narrowed by 81 basis points (bps), from 4.90% as at 31 December 2024, to 4.09% as at 30 September 2025.

The bank also reported a robust 107% YoY increase in total non-fund based income, reaching Rs. 23.9 billion for the ninemonth period ended 30 September 2025.

Net fee and commission income, amounting to Rs. 15.6 billion, saw a robust 20% YoY growth, driven by strong performances in key business areas, including advances, cards, trade, operations, and electronic banking services.

The bank also recorded a total exchange gain of Rs. 3.5 billion during the period, marking a notable turnaround from the exchange loss of Rs. 3.5 billion reported in the same period last year. This improvement was primarily driven by the depreciation of the LKR against the USD by Rs. 9.30.

During the nine-month period, the bank recorded a total impairment charge of Rs. 2 billion, representing a significant decrease of 62% compared to the corresponding period in 2024.