STATEMENT OF PROFIT OR LOSS IN USD

Bank

Group

For the year ended 31 December

2023

2022

2023

2022

USD ’000

Total income

1,673,814

1,413,206

1,703,696

1,434,527

Interest income

1,620,130

1,256,554

1,643,839

1,275,656

Less : Interest expenses

1,338,620

908,598

1,348,985

918,274

Net interest income

281,510

347,956

294,854

357,382

Fee and commission income

79,880

62,895

80,992

63,798

Less : Fee and commission expenses

25,378

17,863

25,430

17,916

Net fee and commission income

54,502

45,032

55,562

45,882

Net gains/ (losses) from trading

(16,510)

48,477

(15,940)

48,686

Net fair value gains/ (losses) from financial instruments at fair value
through profit or loss

2,651

(2,215)

4,473

(2,635)

Net gains/ (losses) from derecognition of financial assets

4,204

2,372

4,538

2,418

Net other operating income

(16,542)

45,125

(14,206)

46,605

Total operating income

309,815

486,747

329,281

498,338

Less : Impairment charge/ (reversal) for loans and other losses

(15,146)

240,026

(15,586)

240,409

Net operating income

324,961

246,721

344,867

257,929

Less :

Operating expenses

Personnel expenses

92,053

79,842

99,751

86,346

Depreciation and amortisation expenses

11,895

11,806

13,056

12,413

Other expenses

57,376

38,606

63,207

42,478

Total operating expenses

161,324

130,254

176,014

141,237

Operating profit/ (loss) before taxes on financial services

163,637

116,467

168,853

116,692

Less : Taxes on financial services

39,094

31,157

39,997

31,512

Operating profit/ (loss) after taxes on financial services

124,543

85,310

128,856

85,180

Share of profits/ (losses) of associate companies, net of tax

104

338

Profit/ (loss) before income tax

124,543

85,310

128,960

85,518

Less : Income tax expense/ (reversal)

42,136

(2,742)

43,700

(2,194)

Profit/ (loss) for the year

82,407

88,052

85,260

87,712

Profit attributable to :

Equity holder of the Bank

82,407

88,052

85,118

88,113

Non-controlling interest

142

(401)

Profit/ (Loss) for the year

82,407

88,052

85,260

87,712

Earnings per share and Dividend per share

Basic earnings per share (USD)

3.30

3.52

3.40

3.52

Diluted earnings per share (USD)

3.20

3.50

3.31

3.51

Dividend per share (USD)

0.02

0.04

0.02

0.04

Exchange rate of 1 USD was LKR 323.9233 as at 31 December 2023. (LKR 363.1100 as at 31 December 2022)

The Statement of Profit or Loss given in this page does not form part of the Audited Financial Statements and it is solely for the
convenience of the shareholders, investors, bankers and other interested parties of the Financial Statements of the Bank.