In the financial year ended 30 June 2012, profits after tax increased to Rs12.6 billion from Rs11.9 billion in the previous financial year. Banks held high levels of capital — the capital adequacy ratio of the banking sector stood at 15.9 per cent at end-June 2012.
The ratio of non-performing loans to total loans (NPL) for domestic assets increased from 4.3 per cent at end-June 2011 to 5.1 per cent at end-June 2012. The NPL for overseas assets of the banking sector moved from 0.6 per cent to 1.5 per cent.