BusinessHatton National Bank PLC (HNB) continued its growth momentum to post a group profit before VAT and NBT of Rs. Pre-tax profit and post-tax profit improved to Rs. In a media statement, the bank said interest income grew by 33.5 per cent year on year (yoy) supported by a 14.9 per cent yoy growth in advances. An increase in swap rates as well as the volume of swaps led to the ‘trading loss’ increasing to Rs. “However the corresponding increase from position revaluations contributed to a 29.5 per cent rise in ‘other operating income’ to Rs.

Source: Sunday Times November 14, 2017 12:00 UTC