December 04, 2016 8:08 AM ET

Banks

Company Overview of Seylan Bank PLC

Company Overview

Seylan Bank PLC provides commercial banking and related financial services in Sri Lanka. It operates through Banking, Treasury, and Property/Investment segments. The company provides deposits products, including fixed deposit, saving, and current accounts; corporate and retail credit; rural credit; housing and educational loans; personal, margin, and business loans; agricultural, small and medium enterprises, and micro financing loans; and leasing services for vehicles and equipment/machinery. It also offers personal banking; trade financing; corporate and off-shore banking; resident and non-resident foreign currency operations; travel-related services; margin trading; pawn broking; project ...

Seylan Towers

No. 90, Galle Road

Colombo,  03

Sri Lanka

Founded in 1987

3,208 Employees

Phone:

94 11 245 6789

Fax:

94 11 245 1597

Key Executives for Seylan Bank PLC

Seylan Bank PLC does not have any Key Executives recorded.

Seylan Bank PLC Key Developments

Seylan Bank Appoints Anushka Wijesinha and Sandya Salgoda to its Director Board as Independent Directors

Seylan Bank has appointed Anushka Wijesinha and Sandya Salgoda to its director board as Independent Directors with effect from December 1, 2016. Wijesinha is currently Chief Economist of the Ceylon Chamber of Commerce and Head of the Economic Intelligence Unit. Salgado specializes in Strategic Communications and Sustainable Business Management and brings 30 years of her management experience in both corporate and development sectors to the board.

Seylan Raises USD 15 Million Term Facility from National Bank of Ras Al Khaimah

Seylan Bank has raised funds in the Middle East by the strength of its banking operations and impressive track record to establish a USD 15 million, five year facility from the National Bank of Ras Al Khaimah of the United Arab Emirates. Seylan Bank will utilise the funds for general business development and portfolio growth in its Foreign Currency Banking Unit.

Seylan Bank PLC Reports Unaudited Bank and Group Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Seylan Bank PLC reported unaudited bank and group earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the bank reported interest income of LKR 8,867,741,000 compared to LKR 6,098,187,000 a year ago. Net interest income was LKR 3,405,080,000 compared to LKR 3,015,066,000 a year ago. Total operating income was LKR 4,686,399,000 compared to LKR 3,887,751,000 a year ago. Net operating income was LKR 4,403,550,000 compared to LKR 3,928,822,000 a year ago. Operating profit before taxes was LKR 1,934,020,000 compared to LKR 1,778,527,000 a year ago. Profit before income taxes was LKR 1,596,324,000 compared to LKR 1,483,595,000 a year ago. Profit for the period was LKR 1,072,966,000 or LKR 3.11 per basic and diluted share compared to LKR 989,333,000 or LKR 2.87 per basic and diluted share a year ago. For the nine months, the bank reported interest income of LKR 23,647,787,000 compared to LKR 17,687,553,000 a year ago. Net interest income was LKR 9,552,202,000 compared to LKR 8,850,345,000 a year ago. Total operating income was LKR 12,876,664,000 compared to LKR 11,949,454,000 a year ago. Net operating income was LKR 12,281,242,000 compared to LKR 11,432,336,000 a year ago. Operating profit before taxes was LKR 5,135,525,000 compared to LKR 4,916,754,000 a year ago. Profit before income taxes was LKR 4,155,519,000 compared to LKR 4,062,461,000 a year ago. Profit for the period was LKR 2,827,949,000 or LKR 8.20 per basic and diluted share compared to LKR 2,729,640,000 or LKR 7.91 per basic and diluted share a year ago. Net cash used in operating activities was LKR 6,677,990,000 compared to LKR 802,533,000 a year ago. Purchase of property, plant & equipment and intangible assets was LKR 558,301,000 compared to LKR 287,971,000 a year ago. For the quarter, the group reported interest income of LKR 8,871,455,000 compared to LKR 6,103,037,000 a year ago. Net interest income was LKR 3,413,066,000 compared to LKR 3,023,818,000 a year ago. Total operating income was LKR 4,707,463,000 compared to LKR 3,908,740,000 a year ago. Net operating income was LKR 4,424,614,000 compared to LKR 3,949,811,000 a year ago. Operating profit before taxes was LKR 1,953,646,000 compared to LKR 1,802,578,000 a year ago. Profit before income taxes was LKR 1,615,950,000 compared to LKR 1,507,646,000 a year ago. Profit for the period attributable to owners of the parent was LKR 1,082,024,000 or LKR 3.14 per basic and diluted share compared to LKR 1,001,157,000 or LKR 2.90 per basic and diluted share a year ago. For the nine months, the group reported interest income of LKR 23,658,484,000 compared to LKR 17,698,727,000 a year ago. Net interest income was LKR 9,575,640,000 compared to LKR 8,874,322,000 a year ago. Total operating income was LKR 12,903,092,000 compared to LKR 11,976,505,000 a year ago. Net operating income was LKR 12,307,670,000 compared to LKR 11,459,387,000 a year ago. Operating profit before taxes was LKR 5,157,652,000 compared to LKR 4,938,424,000 a year ago. Profit before income taxes was LKR 4,184,128,000 compared to LKR 4,084,131,000 a year ago. Profit for the period attributable to owners of the parent was LKR 2,818,225,000 or LKR 8.17 per basic and diluted share compared to LKR 2,716,524,000 or LKR 7.87 per basic and diluted share a year ago. Net cash generated from operating activities was LKR 6,554,582,000 compared to LKR 707,869,000 a year ago. Purchase of property, plant & equipment and intangible assets was LKR 562,359,000 compared to LKR 301,276,000 a year ago.

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Recent Private Companies Transactions

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