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CAL Bank unveiled its impressive 9 months performance ending September 30, 2013 at the ‘Facts behind the Figures’ programme yesterday.
CAL’s net interest income has grown by 280%, nearly four times over the last two years; as net interest margin also improved from 8.4% to 13.6% for the same period. Its cost-to-income ratio for the first 9 months of 2013 was 35%.
CAL’s 2-pesewa dip appears to be as a result of investors trying to consolidate their positions in at relatively lower price. CAL’s outlook is promising as it plans increased investment in skilled human resources, IT, retail and corporate banking.- (courtesy: CBL Research)
Fan Milk Ltd (FML) announces that at the 52nd Annual General Meeting of the company held on Wednesday, 8th May, 2013, shareholders passed a resolution to cancel the 2,500,000 shares held in treasury. The cancellation has been effected and as such reduced the issued ordinary shares of the company to 116,207,288.