25 August 2016 12:00 am
National Development Bank PLC held an ‘Investor Forum’ recently to present the financial performance of H1 2016 at Galadari Colombo.
The forum was well attended by a large gathering of investors, investment advisors, stockbrokers, fund managers and media and was informed about the financial performance of NDB Group and on strategies planned for the future.
The event was preceded by NDB CEO - RajendraTheagarajah, NDB Group CFO – Faizan Ozman and CEO of NDB Capital Holdings – 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 11percent 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.
The Chief Executive Officer, RajendraTheagarajah, commenting on the Bank’s ambitious organic growth mentioned that the Bank is resolute in providing the best and most convenient banking experience to the Bank’s clientele, through meaningful expansion of the branch network and technology enabled banking services.
NDB remains dedicated to bringing its customers one step closer to accomplishing their life long ambitions and uplifting their standards of living through the range of financial services that is accessible through its growing branch network.