Resilience amid geopolitical headwinds, Sampath Bank posts Rs 6.2 Bn PAT in Q1 2026 - DailyNews

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Source: Daily News
Published: 2026-05-14 05:50 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Culture & Entertainment, Economy & Finance, Financial Markets, Tax & Budget, Business & Economy
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Snippet:
Sampath Bank reported Total Operating Income of Rs 28.5 Bn for the quarter ended 31st March 2026, supported by steady growth in Net Interest Income (up 5%) and Net Fee and Commission Income (up 28%) year-on-year. Notwithstanding this performance, Profit After Tax (PAT) declined by 26% to Rs 6.2 Bn, due to significantly higher impairment provisions of Rs 4.5 Bn recognised in response to the continued expansion of the loan book and taking into account the evolving geopolitical conditions.
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