Home
Register
As per interim results released to the Colombo Stock Exchange (CSE), CDB recorded an impressive balance sheet of Rs. 31.6 billion as at December 31, 2013 a growth of 29% from the last audited balance sheet date of March 31, 2013.
The pre-tax profits for the nine months stood at Rs. 541 million, a growth of 16% while after-tax profits grew to Rs. 429 million, a growth of 12% in the backdrop of substantially higher impairment charges and income tax expenses. Total comprehensive income was Rs. 621million.
Overall revenue wasRs. 4.5 billion, a growth of 47% compared to the corresponding period.
Net interest income was Rs. 1.7 billion, a growth of 35%. This underlining momentum has been fuelled by a deposit portfolio growth of 27% or Rs. 22.5 billion while the loan book grew by 25% to stand at Rs. 24.4 billion. EPS recorded Rs. 7.90 for the nine months while book value per share stood at Rs. 64 as at December 31, 2013.
According to CDB Managing Director and CEO Mahesh Nanayakkara, "It is certainly another milestone for CDB to surpass the 30 billion mark in total assets and this provides us further capacity to serve customers as one of the strongest financial institutions in the country."
Recently CDB successfully completed its first listed debenture issue of Rs.1.0 billion which was oversubscribed on the opening day. Managed by CDB's Corporate Finance Division, the issue strengthens the Tier 2 capital base of the company helping to maintain a healthy capital adequacy ratio.
During the period under review CDB opened 16 new outlets and obtained its first foreign funding line of US$ 6 million from a multilateral agency from Belgium Investment Organisation in Brussels.
Sunday Observer
The pre-tax profits for the nine months stood at Rs. 541 million, a growth of 16% while after-tax profits grew to Rs. 429 million, a growth of 12% in the backdrop of substantially higher impairment charges and income tax expenses. Total comprehensive income was Rs. 621million.
Overall revenue wasRs. 4.5 billion, a growth of 47% compared to the corresponding period.
Net interest income was Rs. 1.7 billion, a growth of 35%. This underlining momentum has been fuelled by a deposit portfolio growth of 27% or Rs. 22.5 billion while the loan book grew by 25% to stand at Rs. 24.4 billion. EPS recorded Rs. 7.90 for the nine months while book value per share stood at Rs. 64 as at December 31, 2013.
According to CDB Managing Director and CEO Mahesh Nanayakkara, "It is certainly another milestone for CDB to surpass the 30 billion mark in total assets and this provides us further capacity to serve customers as one of the strongest financial institutions in the country."
Recently CDB successfully completed its first listed debenture issue of Rs.1.0 billion which was oversubscribed on the opening day. Managed by CDB's Corporate Finance Division, the issue strengthens the Tier 2 capital base of the company helping to maintain a healthy capital adequacy ratio.
During the period under review CDB opened 16 new outlets and obtained its first foreign funding line of US$ 6 million from a multilateral agency from Belgium Investment Organisation in Brussels.
Sunday Observer
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?