NDB holds Investor Forum for FY 2018

NDB held an ‘Investor Forum’ recently to discuss the audited full year financial results for the financial year ended December 31, 2018, at Hilton Colombo Residencies.

The event was preceded by NDB Chairman Ananda Atukorala, NDB Director/ Group CEO Dimantha Seneviratne, NDB Corporate Banking Senior Vice President Buwaneka Perera, NDB Personal Banking and Branch Network Management Senior Vice President Sanjaya Perera, NDB Chief Operating Officer Deepal Akuretiyagama, NDB Capital Holdings Ltd CEO Vajira Kulatilaka and Acting Gcfo/finance and Planning Assistant Vice President 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.

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 percent over the prior year. Business recorded impressive growth with 23 percent 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 percent, 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, stock brokers, 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.