Economic Capsule May 2010

MAY, 2010 Research & Development Unit

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],C O N T E N T S ECONOMIC CAPSULE – May 2010 Financial Sector News Economy & Business News Analysis & Forecast

Back to Contents Financial Sector News

Back to Contents More Awards for ComBank... ,[object Object],[object Object],ComBank Adjudged Best Agent Corridor Collaboration by MoneyGram ,[object Object],[object Object],[object Object],Another Gold for ComBank... Research & Development Unit

Back to Contents Group Results for the 03 months ended 31st March, 2010 for CBC, HNB, Seylan, Sampath & HSBC* (Rs. Mn.) * HSBC—Bank Results (Sri Lankan Operations), NPA - Bank Cont… Research & Development Unit

Back to Contents Group Results for the 03 months ended 31st March, 2010 (cont…) Rs. Mn. % Research & Development Unit ( 31.03.10) NTB NDB DFCC Var. BoC PB NSB Profit Before Tax (After VAT) 436.6 615.6 198.0 1,410.1 2,427.3 2,160.4 Profit After Tax 214.1 312.7 106.8 855.3 1,223.1 1,172.4 Deposits 44,072.3 49,906.9 22,010.9 407,727.3 399,978.3 321,801.9 Gross L&A 39,831.2 58,801.4 14,856.9 319,776.3 391,507.1 83,851.1

Back to Contents ComBank Forges ahead with Solid Start to 2010 ... The Group’s profit after tax, at Rs 1,107.9 mn reflected a growth of 24.18 %. ,[object Object],[object Object],[object Object],[object Object],[object Object],Elaborating on the key aspects of this performance, Commercial Bank’s Chief Financial Officer Mr. Nandika Buddhipala stated; Research & Development Unit

Back to Contents Banking Sector Highlights – 1Q, 2010 ,[object Object],[object Object],[object Object],Changes in Assets & Liabilities ,[object Object],Cont… Research & Development Unit Amount (Rs bn) % change 2009 Mar-10 12 months ending Dec-09 Mar-10 Assets 3,012 3,075 11.5 10.8 Loans & Advances 1,586 1,647 (3.0) 1.3 Investments 943 985 37.8 33.8 Cash & due from Banks 401 349 33.6 9.6 Other Assets 82 93 4.3 (2.2) Liabilities Deposits 2,231 2,266 18.8 16.1 Borrowings 384 395 (16.1) (14.5) Capital Funds 251 260 14.8 15.3

Back to Contents Banking Sector Highlights – 1Q, 2010 (cont…) Sector wise NPL Ratios (%) Sector wise Exposure Loans (%) ,[object Object],[object Object],[object Object],Research & Development Unit

Back to Contents Credit to the Private Sector ▲ Loans from Sri Lanka's commercial banks to the private sector  by Rs. 23 bn in March, 2010 in the biggest monthly gain seen since a credit contraction ended in September, 2009. Commercial bank credit to the private sector grew to Rs. 1,235.1 bn in March, 2010 from Rs. 1,212.1 bn a month earlier. Credit to private sector from domestic banking units (rupee loans) grew to Rs. 1,084.30 bn in March, 2010 from Rs. 1,064.0 bn a month earlier. Loans from foreign currency banking units grew slightly to Rs. 150.8 bn in March, 2010 from Rs. 148.2 bn a month earlier. Research & Development Unit Credit to the private sector by commercial banks (Rs. Bn.) Mar – 10 Feb – 10 Increase Rupee loans 1,084.30 1,064.00 20.30 Forex loans 150.8 148.2 2.60 Total private sector loans 1,235.10 1,212.10 23.0

Back to Contents Foreign Currency Accounts for International Services Providers & their Employees ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents Foreign Currency Accounts for International Services Providers & their Employees (cont…) ,[object Object],[object Object],138 th @ Nochchiyagama  Sampath Bank 139 th @ Batticaloa (2 nd )  Platinum Plus Branch (Priority Banking Unit) @ Kandy (2 nd )  Branch Openings… Research & Development Unit

Back to Contents Economy & Business News

Back to Contents ,[object Object],[object Object],[object Object],% ,[object Object],[object Object],3.4% Research & Development Unit External Trade Performance - March, 2010 Inflation - April, 2010 Tourist Arrivals  Category March 2009 US$ mn March 2010 US$ mn Growth - March (per cent) Jan - Mar 2009 US$ mn Jan - Mar 2010 US$ mn Growth - Jan - Mar (per cent) Exports 632.0 662.7 4.8 1,647.4 1,763.6 7.1 Imports 1,023.6 1,090.5 6.5 2,312.5 3,224.9 39.5 Balance of Trade -391.6 -427.9 -9.3 -665.1 -1,461.3 -119.7 Workers’ Remittances 281.3 326.2 16.0 780.7 890.6 14.1

Back to Contents Sri Lanka Targets USD 1 bn FDI’s for 2010 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit

Back to Contents World Bank Provides Support to Local Infrastructure, Higher Education & Tourism Development in Sri Lanka ,[object Object],Research & Development Unit Project Amount (USD Mn) North East Local Service Improvement 50 ,[object Object],Higher Education, Twenty-First Century 40 ,[object Object],[object Object],[object Object],Sustainable Tourism 18 ,[object Object],[object Object]

Back to Contents Analysis & Forecast

Back to Contents An over-view of Sri Lankan Economy by World Bank Despite entering the Global Financial Crisis in a weak macroeconomic situation, the Sri Lankan economy has recovered rapidly . ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents An over-view of Sri Lankan Economy by World Bank (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents An over-view of Sri Lankan Economy by World Bank (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Cont… Research & Development Unit

Back to Contents An over-view of Sri Lankan Economy by World Bank (cont…) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit

The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose. The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Back to Contents Just as a candle cannot burn without fire, men cannot live without a spiritual life. Lord Buddha

Economic Capsule May 2010

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Economic Capsule May 2010