Seylan Bank records Rs. 5.49 b PAT for 1H

Profit Before Tax up 15.18% to Rs. 8.44 b

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SEYLAN Bank yesterday said it recorded a robust performance with Profit Before Tax (PBT) of Rs. 8,444 million for 1H 2025, against Rs. 7,331 million in 1H2024 demonstrating a growth of 15.18%.

For the six months ended 30 June 2025, Profit After Tax (PAT) recorded by Seylan Bank was Rs. 5,489 million a growth of 20.41% against Rs. 4,558 million recorded in the corresponding period of 2024.

Net interest income decreased from Rs. 18,590 million to Rs. 17,762 million, a decrease of 4.45% over the previous year for the six months ended 30 June 2025 mainly due to the reduction in market interest rates and repricing of loans and deposits.

The Bank’s Net Interest Margin (NIM) also recorded a reduction from 4.90% in 2024 to 4.52% in 1H 2025.

The Bank’s net fee based income recorded a growth of 15.43% from Rs. 3,739 million to Rs. 4,316 million during 1H 2025, and growth was mainly attributed to fee income from cards, remittances, trade and other financial services.

The Bank's total operating income was Rs. 23,114 million, a decrease of 0.71% compared to Rs. 23,279 million recorded in the corresponding period of 2024, driven mainly by the reduction in Net Interest Margins during the period.

Other income captions comprising of net gains from trading activities and net other operating income, reflected an increase compared to the corresponding period of 2024.