reports
- MarketLine Department
- Kavinda Perera
Sri Lanka: Banking SL - Rising above the clouds
* Sector valuations at a decade low, driven by weakening ROEs and foreign investor exits * Major factors which weighed down profitability to fall away in CY21E, paving the way for better ROE * The banks index took the biggest hit during the pandemic; potential for a rerating with improving fundamentals * Top line to pick up on loan growth and NIM expansion * Gradual improvement in asset quality to lead to lower Cost of Risk * Normalising cost efficiency, tax savings ...
- Kavinda Perera
Sri Lanka banks: Muted profitability, but limited systemic pressure
In this report, we highlight the pressing current themes around the banking sector. Overall, majority of the Sri Lankan government’s key support measures for the economy are implemented through the banking system, and the banks are expected to absorb the economic shock partially. In return, banks have received several concessions to maintain the systemic stability. We expect sector profitability to be muted in CY 20e, with (1) weak credit growth, (2) contracting margins, (3) lower supplementa....
- Pasindu Perera
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Seylan Bank PLC (SEYB)_2QCY17
SEYB reported a sound increase of 24.2% YoY in total operating income which was driven by healthy increases in both net interest income (+14.7% YoY) and non-interest income (+45.1% YoY). The growth in net interest income was a result of the 17.0% YoY expansion of the loan book and an improvement in the NIM from 3.94% in 2Q CY16 to 3.98% in 2Q CY17. On the other hand, total impairment charges increased steeply from Rs.228 Mn in 2Q CY16 to Rs.831 Mn in 2Q CY17 and caused net operating income to ...
- Pasindu Perera
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Seylan Bank PLC (SEYB)_3QCY16
Note:Healthy growth in total operating income (driven by both NII & non-interest income) SEYB's net interest income experienced a healthy increase of 12.9% YoY as the positive impact from the strong loan book growth of 29.1% YoY was partially offset by the YoY contraction of NIMs from 4.54% to 4.00%. On the other hand, SEYB's non-interest income increased sharply by 46.3% YoY mainly with the help of the steep rise in net trading income (+Rs.402 Mn) which was driven by the mark-to-market profits ...
- Janaghan Jeyakumar
JKSB Quarterly Highlights_Seylan Bank PLC_1QCY16
​During the quarter, SEYB's loan book expanded from Rs.193.1 bn to 201.3 bn (+Rs.8.2 bn) which translates to a growth of 4.3% QoQ (+29.7% YoY). Despite the strong loan book growth, SEYB's net interest income (NII) experienced a modest increase of 4.8% YoY due to the steep reduction seen in the net interest margin (NIM) from 4.49% in 1Q CY15 to 3.85% in 1Q CY16.Non-interest income was severely affected by a net trading loss of Rs.516.9 mn which was a result of the marked-to-market losses in SEY...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.