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5 percent to 2,107 million rupees and the full year net was up 102 percent to 3,299 million amid high loan growth and wider margins.
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The group also contained operating costs with non-interest expenses growing 5.2 percent to 17.8 billion rupees and staff costs staying flat.
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Bank of Ceylon's deposits had grown 29.
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8 percent to 533 billion rupees over the year allowing it to expand lending.
Bank of Ceylon saw steep growth in loans as well as holdings of government securities.
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Its long term portfolio of government securities had risen 279 percent to 72 billion rupees and the long term portfolio rose 2.5 percent to 141 billion rupees.
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Group performing advances grew 42 percent to 379 billion rupees. Non-performing loans fell 15.8 percent in absolute terms to 13.
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7 billion rupees. It made 1.6 billion rupees in provision but recoveries of 1.
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3 billion reduced loan losses to 331 million rupees for the year.
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Its gross non performing loans ratio had fallen to 3.49 percent in 2010 from 5.75 percent in 2009. Amid higher loan growth total capital adequacy had slipped to 14.
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03 percent from 15.13 percent.
Return on assets (pre-