Profits and Losses for Banks

Posted on March 4th, 2009 at 10:04 am

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Do you know while some banks are in big trouble due to the economic downturn, some are performing well?

Reports from London say that the HSBC recorded a 70% drop in net profit in 2008 and they hope to recover by share issues and cutting over 6000 jobs.

Seylan Bank Sri Lanka too reported a loss of Rs. 709 Million in December 2008 quarter.

In contrary, HNB Sri Lanka has recorded a Rs. 3.2 Billion profit which is an increase of 6.5% over the last year.