CAPTION: (L to R Front Row) Deepal Akuretiyagama (Chief Operating Officer), Dimantha Seneviratne (Director/Group Chief Executive Officer) and Sanjaya Perera (Senior Vice President Personal Banking, Marketing and Customer Experience)
(L to R Back Row) Niran Mahawatte (Vice President, Treasury), K.V. Vinoj (Vice President, Wholesale Banking), Indika Ranaweera (Vice President, SME, Middle Markets and Business Banking) and Ishani Palliaguru (Vice President Project Finance and Corporate Credit Control)
National Development Bank PLC hosted the Bank’s quarterly on-line Investor Earnings Call on the 13th of November 2020 to discuss the Bank’s financial results from the Bank’s Head Office premises in Colombo, subsequent to the release of its financial results for Q3 2020 ended 30th September 2020, to the Colombo Stock Exchange (CSE).
The Investor Earnings Call was hosted by Director/Group Chief Executive Officer of NDB Bank, Mr. Dimantha Seneviratne, with the presence of the senior management of the Bank. The Call 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. Hosting this event post the release of financial results to the CSE for the benefit of the interested stakeholders is a longstanding practice of the Bank, and the Bank has continued same undisrupted, despite effects of the pandemic.
Sri Lanka’s Best Domestic Bank for two consecutive years as adjudged by AsiaMoney, NDB, recorded sound performance amidst macro-economic challenges brought in by the COVID-19 pandemic. The Bank continued its support towards pandemic affected customers through financial and advisory support, whilst maintaining banking services as usual.
NDB released quarterly financial statements for the nine months ended 30 September 2020 to the Colombo Stock Exchange on 12 November 2020, where its profits for the nine months were duly certified by the Bank’s external auditors M/s Ernst & Young.
Mr. Dimantha Seneviratne, commented that living with pandemic concerns has now become the new norm till a lasting solution is found, and in that backdrop, the duty of the banking sector is to provide undisrupted banking services and support the economic revival despite such challenges. The nine months ended 30 September 2020 was one of the most challenging times we encountered in recent history. Yet NDB managed to steer through with resilience and make a meaningful contribution to the economy and in the process generate solid returns to its shareholders and touch the lives of many other stakeholders. In September 2020, the Bank achieved a milestone in its growth journey by crossing LKR 600 Bn in total assets, well in line with its growth aspirations, attributable to precise execution of strategic imperatives, he further mentioned.
The Bank, which is the 4th largest listed bank in Sri Lanka, is one of the fastest growing banks, having had a cumulative average growth rate (CAGR) in advances by 21% and in deposits by 25% in the last four years. The only financial service conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market provide its customers seamless access to the product and service offerings of all its group companies.