SDB bank kicks off Financial Year 2022 with resilient First Quarter

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SDB bank has posted a resilient First Quarter of the year, delivering a strong start to the financial year 2022. Accordingly, the Bank recorded a profit of LKR 181 million for Q1, ending 31 March 2022. The Quarter also witnessed Net Interest Income rising to LKR 1,968 million, an increase of 21% compared with Q1 2021. Total operating income too grew by 19% to LKR 2.17 billion during Q1. SDB bank has also emerged among the most stable and well-positioned banks in the current economic environment at the end of Q1.

As at 31st March 2022, the Bank’s Capital Adequacy Ratio and all other liquidity ratios are well above regulatory minimum requirements. Furthermore, being a licensed specialised bank, SDB bank’s exposure to foreign currency risks and exchange rate volatility is very limited. Thus, despite the current challenging market conditions, SDB bank remains relatively insulated from currency fluctuation risks.