NDB conducts Investor Earnings Call on financial results for FY 2021

Friday, 4 March 2022 00:00 - - {{hitsCtrl.values.hits}}

The fully virtual Investor Earnings Call was hosted by Director/Chief Executive Officer Dimantha Seneviratne, with the digital presence of the senior management of the bank

National Development Bank PLC hosted its quarterly online Investor Earnings Call to discuss the bank’s financial results, subsequent to the release of its financial results for the financial year ended 31 December 2021.

The Investor Earnings Call was hosted by NDB Bank Director/Chief Executive Officer Dimantha Seneviratne, with the presence of the senior management of the bank. The call which was conducted virtually via the MS Team platform comprised a presentation by the CEO on the performance, as well as an interactive Q&A 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. NDB as a responsible listed entity has continued undisrupted, the best practices of hosting the quarterly webinar post results release to the CSE and publishing transcripts and playback videos on the bank’s website for later reference – even amidst challenges brought by the pandemic.

NDB Bank – Sri Lanka’s most awarded corporate posted sound all-round performance for 2021, notwithstanding the multiple challenges that marked the year. The financial statements for the financial year reported sustained growth in several financial KPIs. Commenting on the year’s performance, Seneviratne mentioned that the retrospect of 2021 had many reasons to be grateful for. “We managed one of the largest equity infusions in the history of the bank netting Rs. 9.5 billion and on boarded the Norwegian Investment Fund for developing countries (Norfund) as our top shareholder with a 9.99% ownership. Our strategy remained well on track with strong delivery across all areas and we extended support to our pandemic-hit customers via a host of modes. “The sustainable growth trend we have maintained over the years continued, with the bank achieving triple Rs. 500 billion in total assets, gross loans and customer deposits. I am proud of the NDB Team, whose perseverance and relentlessness made another good year possible, whilst as a bank, we are deeply grateful for the unstinted loyalty and confidence of our investors and customers,” he commented. A full set of the bank’s financial statements together with a performance commentary can be accesses via https://www.ndbbank.com/investor-relations/reports.

NDB Bank which was crowned as “Sri Lanka’s Best Bank 2021” by the prestigious Global Finance Magazine of USA, and recognised as “The Bank of the Year Sri Lanka 2020”, by The Banker Magazine UK, is the 4th 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 financial market to provide its customers seamless access to the product and service offerings of all its group companies.