NDB’s all-time high PAT of Rs. 4.2 bn in H1-25
View(s):National Development Bank PLC has reported a total operating income and pre-tax profit of Rs. 22.3 billion and Rs. 8.6 billion for the six months ending June 2025, respectively (H1-2024: Rs. 22.9 billion and Rs. 6.5 billion).
Net interest income, which accounted for over 75 per cent of the bank’s total operating income, amounted to Rs. 16.9 billion for the semi-annual period; rising 2.7 per cent over Rs. 16.5 billion in H1-24. This was notwithstanding the sharp decline in interest rates where the one-year government Treasury Bill yield fell to 7.9 per cent at end June 2025 from being close to 10.3 per cent at end June, 2024, the bank said in a media release.
Impairment charges of Rs. 4.5 billion for the period saw a 46.7 per cent YoY reduction from Rs. 8.4 billion in the same period of 2024, attributable to greater focus of the bank on improving credit quality. Operating expenses totalled Rs. 9.2 billion – which, whilst increasing by 14.8 per cent over H1- 2024 – stemmed primarily from staff related routine increments and realignments to the industry, and higher investments in IT infrastructure and those of a direct business development nature.
The bank’s total deposits amounted to Rs. 696.1 billion at June 30, 2025 (end 2024: Rs. 631.7 billion, 10.2 per cent growth) whilst net loans expanded to Rs. 557.0 billion (end 2024: Rs. 460.7 billion, 20.9 per cent growth).
Commenting on the results, the bank’s Director/CEO Kelum Edirisinghe said: “Our results are testimony to our diligent, conscious and concerted effort to improve every aspect of our business whilst taking every measure reasonably necessary to strengthen our overall risk guard rails on a continuous basis. Looking ahead, our focus is clear. We will continue to leverage on our deep rooted knowledge and experience in understanding customer behaviour better, and use our digital capabilities to create greater ease of access and use the diverse skills and capabilities of our staff at both a front-end and back.”
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