Sampath Bank maintained a strong capital base and a steady liquidity profile reporting a PAT of Rs 7.2 Bn and PBT of Rs 9.3 Bn for the period ended September 30, 2022, reflecting a decline of 19.8% and 24.4%, from the figures reported for the corresponding period in 2021 which is a reflection of the economic turmoil in the country.
As at September 30, 2022, the Group reported PAT and PBT of Rs 7.7 Bn and Rs 10.2 Bn, a drop of 21.6% and 24.3% compared to the corresponding period in 2021.
Total interest income increased by 67.7% YoY during the nine months ended September 30, 2022, reaching Rs 106 Bn from the Rs 63 Bn reported in the corresponding period of the previous year.
The Bank’s Net Fee and Commission Income (NFCI) increased substantially by 69.5%. The Bank has recognised a total impairment charge of Rs 48.8 Bn for the nine months ended September 30, 2022. This is a 396% increase from the Rs 9.8 Bn charge reported in the previous year.
Total operating income for the period increased by Rs 40 Bn. However, impairment charges too increased by Rs 39 Bn, restricting the growth of net operating income to 3.7%.
Operating expenses during the reporting period amounted to Rs 20.5 Bn, a 23.6% increase from the Rs 16.6 Bn recorded during the corresponding period of last year.
As at September 30, 2022, the Bank maintained all its capital ratios well above the regulatory minimum requirements.
During 3Q22, the rupee deposit base grew by Rs. 44.4 Bn due to deposit mobilisation initiatives promoted by the Bank.