Profit before Tax of
Overall revenue increased by 26per cent
Deposits increased by 17per cent year on year to cross
Total assets increased by 14per cent year on year to cross
milestone
The Bank performed exceptionally well in H1 2020 and delivered Profit before tax of
With Revenue of
The current slowdown in the economic activity due to COVID 19 impacted the advances momentum. The Bank is closely monitoring the portfolio in the backdrop of the changing economic environment and is maintaining adequate provisions, where required.
The Bank achieved another milestone as total deposits crossed
Commenting on the results, Mr.
While the external environment remains challenging, our results demonstrate our strong business fundamentals. We continue to invest in digital capabilities to enhance our clients' banking experiences whilst continuing to focus on strengthened foundations of controls and conduct, equipping us to effectively manage our risks, capital and liquidity. The prudent and proactive measures that we are taking now will make us leaner and fitter to take advantage of the opportunities that will help the franchise grow in the future.'
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