Bank Numbers

Aug 13, 2009 (LBO) - Sri Lanka's Commercial Bank said group profits rose 2.
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7 percent to 1,122.1 million rupees in the June 2009 quarter from a year earlier, while revenues rose 2.
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0 percent to 11.0 billion. Interest income fell 1.3 percent to 8.96 billion, interest expenses rose 1.8 percent to 6.12 billion rupees, causing interest income to fall 7.

5 percent to 2.84 billion rupees.

Interest income from loans and advances fell 3.

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4 percent to 6.87 billion rupees, while interest from other earning assets, which includes government treasuries, rose 6.
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07 percent to 2.09 billion rupees.

Fee income rose 18.4 percent to 1.92 billion rupees, with forex income surging 69.

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2 percent to 931.6 million in the quarter.

Non-interest expense also grew 17.8 percent to 2.07 billion rupees. The bank said salary costs rose following a wage hike granted under a collective agreement that came into effect from January 2009.

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Asset Quality

Provisions for bad loans fell 37.0 percent to 321.9 million rupees, after a general provision was reversed as total loans and advances fell.

The bank's total performing loans and advances fell 11.08 percent to 156.09 billion in June from 175.53 billion in Decem

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