NDB holds investor forum for H1 2016

National Development Bank Plc held an investor forum recently at the Galadari Hotel to present its financial performance for H1 2016.

The forum was attended by a large gathering of investors, investment advisors, stockbrokers, fund managers and media. Those present were informed about the financial performance of the NDB Group and its future strategies.

The event was led by NDB CEO Rajendra Theagarajah, NDB Group CFO Faizan Ozman and NDB Capital Holdings CEO Vajira Kulatilleke.

National Development Bank Plc and its Group companies posted a Profit Attributable to Shareholders (PAS) of Rs. 1,083 million for the first six months of 2016. Among other comments on the bank’s financial performance, the Group CFO mentioned that the growth in net interest income (NII) of 11% by the bank to Rs. 4,234 million during the first six months of 2016 was commendable within the competitive interest rate environment that prevailed in the industry.

Theagarajah, commenting on the bank’s ambitious organic growth, mentioned that it was resolute in providing the best and most convenient banking experience to its clientele through the meaningful expansion of its branch network and technology-enabled banking services.  

He said NDB remained dedicated to bringing its customers one step closer to accomplishing their lifelong ambitions and uplifting their standards of living through a range of financial services that were accessible through its growing branch network. 

Further details on NDB’s many products can be obtained from its 24-hour call centre by calling 0112448888 or visiting NDB’s website www.ndbbank.com.