MILESTONE PROFIT AFTER TAX EXCEEDING RS. 4 BILLION IN 2016
In the backdrop of a challenging external environment, Seylan Bank reported a resilient performance. The bank recorded a Profit After Tax of Rs. 4,010 million for the year ended 31 December 2016, which is the highest profit reported since its inception. Net Interest Income recorded a moderate growth of 12 percent as a result of strong balance sheet growth. Net Interest Margin contracted from 4.4 percent in 2015 to 4.2 percent in 2016 due to the Cost Of Deposits increasing at a faster rate. As a responsible corporate citizen, the bank continued focussing on education, which has been the choice and centre of attention of its CSR activities.