NDB conducts Investor Earnings Call on financial results for Q1 2021

Wednesday, 19 May 2021 00:00 -     - {{hitsCtrl.values.hits}}

The fully-virtual Investor Earnings Call was hosted by Director/Group 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 on 17 May to discuss the bank’s financial results, subsequent to the release of its financial results for the financial quarter ended 31 March.

The Investor Earnings Call was hosted by NDB Bank Director/Group Chief Executive Officer Dimantha Seneviratne, with the digital presence of the senior management of the bank. The Call which was fully-virtual was conducted via the MS Team platform comprised a presentation by the GCEO on the performance, as well as an interactive Questions and Answers 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 edited transcript and playback video on the bank’s website for later reference – even amidst challenges brought by the pandemic.

Meanwhile, NDB achieved sustained results amidst challenging conditions. Commenting on this performance, NDB Director/Group Chief Executive Officer Dimantha Seneviratne noted that the period was marked by two fundamental changes, one – the prospect of prolonged low interest rates, and the other – greater inclination towards digital engagements from our customers. 

NDB’s commendable performance was not limited to financial results. The bank continues to offer is customers close financial and advisory support to expeditiously recover and remain resilient in the challenging conditions brought in by the pandemic. All CBSL mandated relief measures are also duly extended to customers. Success is a wider notion at NDB, which permeates beyond financial performance. In this spirit, the bank continued numerous other activities for the benefit of the community and the environment. 

Sri Lanka Vanithabhimana, the national level awards program with the aims of recognising high performing females across eight categories, and also encouraging women’s participation in the economy culminated in March 2021, with winners felicitated at an event which marked the International Women’s Day.  A ‘Smart-Agri’ program was also launched with a bid to introduce smart agriculture techniques to farmers, which would improve productivity in farming and cultivations. The bank’s conscious contribution towards a greener planet continued through its reforestation project in Himbiliyakada, Matale, removal of invasive plants threatening the biodiversity of Pitawala Pathana – a protected environment, mangroves planting project in Puttlam and Mannar and numerous environmental awareness and education programs for target audiences. 

NDB was crowned as Sri Lanka’s Best Bank 2021 by the prestigious Global Finance Magazine of USA, fresh on the heels of being recognised as The Bank of the Year Sri Lanka, by The Banker Magazine UK. NDB Bank is the fourth 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 capital market to provide its customers seamless access to the product and service offerings of all its group companies.