State banks profits up 11-pct from January to May 2015

June 24, 2015 (LBO) – Sri Lanka’s Finance Minister Ravi Karunanayake says there is a 11 percent increase in the overall profits of the three state banks over the first five months of this year.

“Overall profits at National Savings Bank, Bank of Ceylon and People’s Bank have increased by 11 percent,” Karunanayake said.

“We need to increase that to 25 percent.”

Karunanayake was speaking at a ceremony held at temple trees to present appointment letters to over 1,000 employees joining National Savings Bank, Bank of Ceylon, People’s Bank and Sri Lanka Customs.

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