Sri Lanka Equity Research
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Sri Lanka Equity Research

Equity Research by Professionals


Banking Sector 1H2013 Earnings Review by CAL

2 posters

Sri Lanka Equity Research :: Free Research Reports

Go down

Banking Sector 1H2013 Earnings Review by CAL Empty Banking Sector 1H2013 Earnings Review by CAL

Post  hariesha Mon Sep 09, 2013 10:23 pm

Easing monetary stance yet to reap results

The Central Bank enforced an easing monetary stance from Jan 2013

In 1H2013, CBSL’s monetary easing led to a 254bps decline in AWPLR

Deposit rates followed a similar trend declining c.280bps YTD

However, loan growth continues to remain subdued (avg. of 6.5% YTD) as economic conditions remain sluggish

Private sector credit yet to pick up despite the rate cut (+4.4% Jan-Jul 2013 vs. +13.2% Jan-Jul 2012)

CAL revises private sector credit growth downwards to 12% for 2013E (previous 16%) 4
Attachments
Banking Sector 1H2013 Earnings Review by CAL Attachment
Banking Sector 1H2013 Earnings Review - Net earnings dip despite robust core profit growth - 09 Sep 2013.pdf You don't have permission to download attachments.(533 Kb) Downloaded 72 times

hariesha

Posts : 74
Reputation : 43

Back to top Go down

Banking Sector 1H2013 Earnings Review by CAL Empty Re: Banking Sector 1H2013 Earnings Review by CAL

Post  redbulls Tue Sep 10, 2013 3:13 pm

Thanks a lot.
+ Rep

redbulls

Posts : 10
Reputation : 2

Back to top Go down

Back to top

- Similar topics

Sri Lanka Equity Research :: Free Research Reports

 
Permissions in this forum:
You cannot reply to topics in this forum