NDB Bank hosts Investor and Analysts Earnings Call on FY 2024 financial results

Friday, 21 March 2025 00:02 - - {{hitsCtrl.values.hits}}

From left: Chief Manager Finance Himali Nandika, VP and CRO Alex Perera, DCEO K.V. Vinoj, Director/CEO Kelum Edirisinghe, SVP – Personal Banking and Customer Experience Sanjaya Perera, Damitha Samaranayake - Vice President - Treasury, Senior Manager – Finance Kumudari Peiris

National Development Bank PLC (NDB) conducted its Investor and Analysts Earnings Call on 12 March, following the release of the financial results and annual report for the full year ended 31 December, 2024.

The session, led by NDB Bank Director and Chief Executive Officer Kelum Edirisinghe, along with the bank’s senior management team, was held virtually via Zoom. During the call, the CEO delivered a comprehensive presentation on the bank’s financial performance for FY 2024, its strategic direction, and key operational highlights. This was followed by an interactive Q&A session, providing investors and analysts with valuable insights into the bank’s growth trajectory and future outlook.

The forum attracted a diverse group of stakeholders, including research analysts, stockbrokers, fund managers, and investors. Organised by NDB’s Investor Relations Team, the session reinforced the bank’s commitment to transparency and stakeholder engagement. Since 2014, NDB has consistently hosted these quarterly and annual earnings calls, demonstrating a longstanding commitment to fostering trust and accountability. Transcripts and recordings of the call will be made available on the bank’s website, ensuring continued access to key insights.

During the presentation, the CEO highlighted NDB’s strong financial performance in 2024, underpinned by strategic initiatives aimed at optimising the cost of funds, strengthening portfolio quality, and driving sustainable profitability. The bank’s digital transformation efforts, coupled with a focus on enhancing transactional and fee-based income, played a pivotal role in navigating macroeconomic challenges and positioning NDB for long-term growth. The Q&A session that followed saw insightful discussions on key topics, including the bank’s loan portfolio quality, CASA base, projected loan growth, sources for loan growth, and expectations on interest rate movements in the economy.

Despite the dynamic economic landscape, NDB remained resilient, leveraging its robust risk management framework and customer-centric approach to maintain stability and deliver value to stakeholders.

The Investor and Analysts Earnings Call continues to serve as a vital platform for NDB Bank, reflecting its dedication to engaging stakeholders, enhancing investor confidence, and driving long-term value creation. As the bank looks toward 2025 and beyond, it remains steadfast in its mission to empower communities and support national economic progress through innovative and customer-focused financial solutions.

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