NDB conducts Investor Earnings Call on its 2020 financial results

Monday, 22 February 2021 00:03 - - {{hitsCtrl.values.hits}}

NDB conducts Investor Earnings Call on its financial results for FY 2020

National Development Bank PLC (NDB) hosted the bank’s quarterly on-line Investor Earnings Call on 19 February to discuss the bank’s financial results from the bank’s Head Office premises in Colombo, subsequent to the release of its financial results for FY 2020 ended 31 December 2020.

The Investor Earnings Call was hosted by NDB Bank Director/Group Chief Executive Officer Dimantha Seneviratne, with the presence of the senior management of the bank. The call conducted via the MS Team platform comprised a presentation by the GCEO on the performance, as well as an interactive questions and answers session for the benefit of the participants.

The bank’s Investor Relations Team facilitates this event, and it is looked forward to by local and overseas investors, research analysts, stockbrokers, fund managers, etc. Hosting this event post the release of financial results to the CSE for the benefit of the interested stakeholders is a longstanding practice of the bank, and the bank has continued the same undisrupted, despite the effects of the pandemic.

NDB posted solid financial results for the financial year 2020, demonstrating its strength, sustainability in generating operational revenue and resilience in withstanding unprecedented challenges. Dimantha Seneviratne, reflecting on the year, stated: “2020 was one that put to test the capabilities and capacities of each one of us to adapt to unforeseen challenges. NDB stood up to these challenges boldly and gracefully, demonstrating NDB’s dynamism, versatility and proficiency in serving the nation through many economic cycles. In many instances, as a bank, we took the lead in facing the new challenges, especially in the digital front.”

NDB’s commendable performance was not limited to financial results. The bank continued its efforts despite challenges brought by the COVID-19 pandemic in empowering its customers through apt customer-centric solutions, CSR initiatives including a forestation project, women empowerment projects which featured an island-wide awards program dubbed as ‘Vanithabhimana’ which drew over 8,000 applications, digitisation efforts including the launch of a new online banking platform and introducing QR based payments to name a few.

As such, NDB maintained the equilibrium in its performance, serving all its stakeholders without a compromise. The prime awards the bank won during the year, such as the bank of the Year by the Banker Magazine UK, Best Consumer Digital Bank by Global Finance USA and being ranked among the top 10 most admired corporates in the country attest to NDB’s excellence he further stated.

NDB Bank, named the ‘Bank of the Year Sri Lanka 2020’ by the Banker Magazine UK, is the fourth largest listed bank in Sri Lanka and the parent company of the NDB Group. The only financial services conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market to provide its customers seamless access to the product and service offerings of all its group companies.