NDB posts 11% NII growth
National Development Bank PLC held an 'Investor Forum' to present the
financial performance of H1, 2016 at Hotel Galadari Colombo.recently.
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Rajendra Theagarajah |
A large gathering of investors, investment advisors, stockbrokers,
fund managers and members of the media were present.
They informed about the financial performance of the NDB Group and on
strategies planned for the future.
NDB CEO Rajendra Theagarajah, NDB Group CFO Faizan Ozman and CEO of
NDB Capital Holdings Vajira Kulatilleke were also present.
National Development Bank PLC and its Group companies posted a Profit
Attributable to Shareholders (PAS) of Rs. 1,083 million for the first
six months of 2016.
Group CFO Ozman said the growth in net interest income (NII) of 11%
by the Bank to Rs. 4,234 million, during the first six months of 2016
was commendable within the competitive interest rate environment that
prevailed in the industry.
Chief Executive Officer, RajendraTheagarajah said the Bank is
resolute in providing the best and most convenient banking experience to
the Bank's clientele, through meaningful expansion of the branch network
and technology enabled banking services. |
