NDB Investor Forum

National Development Bank PLC held an ‘Investor Forum’ recently to present NDB’s Annual report for 2014 and to inform the investor markets (current, potential investors, investment advisors, stock brokers and fund managers), media and the public on the financial performance of NDB group for the year 2014 and to discuss future strategies planned for the next few years.

The event was preceded by NDB Chairman – Mr. Sunil Wijesinha, NDB CEO – Mr. RajendraTheagarajah, NDB Group CFO –  Mr. FaizanOzman and CEO of NDB Capital Holdings  – Mr. VajiraKulatilleke

As revealed at yesterday’s event, NDB and its group companies have recorded an exceptional financial performance for the year 2014. The Group’s Profit Attributable to Shareholders (PAS) crossed LKR 4 Billion, for the first time in its history, supported by a strong growth in the Balance Sheet assets to end at LKR 269 Billion as at 31 December 2014. The NDB Group has recorded a Total Operating Income of LKR 12.97 Billion for the twelve months ended 31 December 2014 which was a 12% increase from the comparative year’s Total Operating Income of LKR 11.55 Billion. Total Operating Income was fortified by the performance of Net Interest Income (NII), Fee and Investments Income.

The Chief Executive Officer of NDB, Mr. RajendraTheagarajah, commenting on the year’s achievements maintained that, the NDB Group underwent structural re-modeling during the year enabling concerted focus and precise execution of the Group’s business strategy, which was the key driver of sound financial performance. The CEO also mentioned that the Group has consistently delivered improved shareholder value and created sustainable value to all other stakeholders whilst playing an integral role in the prospering national economy.