Equity Analysis /
Sri Lanka

Commercial Bank Of Ceylon: COMMERCIAL BANK OF CEYLON: Q2 18 in line but loan provisions rise sharply; Hold

    Rohit Kumar
    Rohit Kumar

    Global Financials/Thematics

    Tellimer Research
    17 August 2018
    Published byTellimer Research
    Profit after tax rose 10% yoy, but in line with expectations. Loan provision charges rose significantly and the effective tax rate was also 4ppt higher than forecast. These negatives were offset by higher-than-expected net interest income and other operating income.