NDB Group posts exceptional growth for the first nine months

The profit attributable to the shareholders of the NDB Group increased significantly by 50% over the corresponding period last year. The profit after tax and the profit before tax also increased significantly by 41% and 48% respectively over the corresponding period last year.

Eran Wickremeratne - CEO, NDB

This exceptional performance for the period was mainly due to the significant profits earned by NDB Bank. Both profit before tax and profit after tax for the NDB bank increased by 56% over the corresponding period last year. The financial conglomerate’s continuous excellent performance further substantiates the stability of the NDB Group in a highly volatile global and local economic environment.
NDB Bank’s core banking revenue (Net Interest Income (NII) and Other Income) grew by 35% over the corresponding period last year. The Bank’s core banking income includes Rs.708 mn of gains from the trading portfolio of government securities for the period as compared with Rs. 58 mn for the corresponding period last year.

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