Saturday Dec 14, 2024
Saturday Dec 14, 2024
Friday, 8 March 2019 00:00 - - {{hitsCtrl.values.hits}}
NDB held an ‘Investor Forum’ recently to discuss the audited full year financial results for the financial year ended 31 December 2018 at Hilton Colombo Residencies.
The event was preceded by NDB Chairman Ananda Atukorala, NDB Director/Group CEO Dimantha Seneviratne, NDB Senior Vice President Corporate Banking Buwaneka Perera, NDB Senior Vice President – Personal Banking and Branch Network Management Sanjaya Perera, NDB Chief Operating Officer Deepal Akuretiyagama, NDB Capital Holdings Ltd. CEO Vajira Kulatilaka and Acting GCFO/Assistant Vice President Finance and Planning Suvendrini Muthukumarana.
The Investor Forum marked the release of the Bank’s 2018 NDB Annual Report themed ‘Aspiration + Execution = Domination’, to the Colombo Stock Exchange. Furthermore, the Forum also marked the Bank’s endeavours in facilitating discussions and access to management for the stock broking and investment analysts fraternity
The key performance highlights of the year were also shared at the Forum. The results showed exceptional profitability of Rs. 5.5 billion in post-tax profit, which was a growth of 28% over the prior year. Business recorded impressive growth with 23% in total assets, taking the assets base to Rs. 473 billion. Within the Balance Sheet, loans and receivables as well as customer deposits grew by 27%, to Rs. 353 billion and Rs. 348 billion respectively. These growth rates were well ahead of the industry growth rates.
Enhanced performance was demonstrated across a number of KPIs such as net interest margin, cost to income ratio, return on equity, return on assets and loans to deposits ratio. The forum was well attended by a gathering of investment and research analysts, stockbrokers, fund managers, institutional investors and financial press as well as the senior management of the Bank and the NDB capital markets cluster companies. NDB conducts transparent and consistent investor relations throughout the year.
NDB Bank which is the first and to date the only corporate in Sri Lanka to officially be certified with EDGE Certification, the leading and only global certification for gender equality at work place, is the parent company of the NDB Group, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the dominant leader in the financial services and banking sector. NDB was felicitated with two of the most coveted global banking awards – the ‘Bank of the Year in Sri Lanka 2018’ presented by The Banker UK, which came in the backdrop of NDB being recognised as the Best Bank in Sri Lanka by the coveted awards program of the Global Finance Magazine, USA.
From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. Our customers across all group companies have benefited from the product and service offerings of the NDB group.
