NDB delivers strong 65 % growth in Jan-Sept 2025
View(s):National Development Bank PLC, releasing its financial results for the nine months ending September 30, 2025, has seen impressive profitability growth backed by sound core banking operational growth. Net operating income and pre-tax profit expanded by 32.3 per cent and 62.1 per cent to reach Rs. 28.4 billion and Rs. 11 billion, respectively (9M-24: Rs. 21.5 billion and Rs. 6.8 billion), the bank said in a media statement.
Net interest income improved by 6.4 per cent to Rs. 25.9 billion over 2024. “This is noteworthy considering the tapering interest rate environment which prevailed during the period under review,” the statement added.
Net fee and commission income grew by 13.8 per cent to reach Rs. 5.8 billion YoY, whilst for the third quarter alone it reported an impressive 24.2 per cent over the third quarter of 2024.
Impairment charges continued to decline, driven by concerted efforts to enhance the quality of the loan book, resulting in a charge of Rs. 5.9 billion for the period under review, representing a 46.7 per cent reduction YoY. The resultant total impairment coverage ratio, excluding such one-off items of a special nature stood at 8.8 per cent (end 2024:10.1 per cent); which compared well with industry averages at the said period end.
The bank’s total deposits amounted to Rs. 702.9 billion at September 30, 2025 (end 2024: Rs. 631.7 billion, 11.3 per cent growth) whilst net loans expanded to Rs. 585.4 billion (end 2024: Rs. 460.7 billion, 27.1 per cent growth).
Bank Director/CEO Kelum Edirisinghe said: “Our performance over the nine months’ period ended provides ample testimony to the consistent positive progress made across almost all aspects of our business operations. It reflects the strategic clarity, agility, and commitment of our staff at all levels in navigating this fast-paced market landscape whilst creating excellence in every aspect of our operations. These results also speak for our internal resilience and operational excellence, and also to the encouraging progress of the Sri Lankan economy, which we are proud to be a part of.”
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!