Sampath profits up 49% to Rs 9B

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By 2017-02-15

Sampath Bank said December 2016 quarter net profit rose 74.5% to Rs 2.5 billion from a year ago and earnings per share for the quarter were Rs 13.68.
Bank's last year total net profit also rose 49% to Rs 9.1 billion from a year ago and EPS for the 12 months ended 31 December 2016 was 51.56.

In the December quarter, interest income rose 67% to
Rs 17.91 billion and interest expense rose 83% to Rs 10.96 billion. The bank grew net interest income by 47% to
Rs 6.95 billion.

Net fee and commission income rose 27% to Rs 1.92 billion and other operating income rose 52% to Rs 1.01 billion. Net non performing advances ratio was 0.62%, up from 0.46% last year. (IG)

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