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Highest-Ever Profit by NSB in 2025

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The National Savings Bank (NSB) Group delivered a strong financial performance for the year ended December 31, 2025, reflecting robust growth, improved asset quality and continued depositor confidence amid a gradually recovering economy.

The Group’s operating profit before taxes rose by 55% to Rs. 59 billion, while profit after tax increased by 61% to Rs. 28.2 billion, indicating sustained earnings momentum across its operations. The Bank, which accounts for the bulk of Group performance, recorded an even stronger 69% increase in profit after tax, driven by higher net interest income, disciplined cost control and a sharp reduction in impairment charges.

Total assets grew by 4% to Rs. 1,831 billion, supported by measured expansion in loans and strategic investments in government securities. Deposits, a key pillar of NSB’s funding base, increased by 3% to Rs. 1,608 billion, highlighting continued public trust backed by the Government guarantee.

Profitability was underpinned by a 17% rise in net interest income to Rs. 84.8 billion, aided by effective asset-liability management and a significant reduction in interest expenses. This led to improved margins, with the net interest margin rising to 4.74%. Key return indicators also strengthened, with return on equity climbing to 25.08% and return on assets to 2.48%, reflecting efficient use of capital.

Non-interest income showed notable growth, with fee and commission income rising by 46% due to increased lending activity, card usage and trade-related services. Other operating income also expanded significantly, supporting overall income diversification.

A key highlight of the year was the sharp 86% decline in impairment charges, signalling improved borrower creditworthiness and effective risk management. This was reflected in a reduction in non-performing loans, with the Stage 3 ratio improving to 2.53%, alongside stronger provisioning coverage.

Operating expenses were tightly managed, rising only marginally, which helped improve the cost-to-income ratio. Meanwhile, NSB made a substantial contribution to government finances, paying Rs. 30.1 billion in taxes and a total of Rs. 38 billion including dividends and levies.

The Bank maintained a strong balance sheet, with steady growth in lending and investment portfolios. It also remained highly capitalised, with capital ratios well above regulatory requirements, and maintained robust liquidity levels, ensuring resilience against potential economic shocks.

Overall, NSB’s 2025 performance underscores its stability, prudent management and continued role as a key pillar of Sri Lanka’s financial system, with a positive outlook supported by strong fundamentals.

Dr. Harsha Cabral PC, Chairman, stated that NSB’s 69% PAT growth reflects the resilience of its core franchise, the effectiveness of its risk management framework and the focused financial discipline. With capital ratios among the strongest in the sector and an explicit Government guarantee, NSB provides absolute assurance as the safest home for Sri Lanka’s savings. Looking ahead, the Bank will sustain strong capital buffers to protect depositor confidence while supporting national economic recovery through responsible credit expansion, particularly in housing and green financing segments.

Rohana Bandara Weerakoon, Acting General Manager/CEO, added that 17% NII growth, a 46% surge in fee income, and an 86% reduction in impairment charges demonstrate disciplined execution and improving fundamentals. Digital transformation gained significant momentum, positioning NSB to meet evolving customer expectations. The Bank will accelerate this transformation to improve service efficiency and expand reach, while deepening customer relationships through enhanced service delivery and financial literacy programmes. With its fortress balance sheet and unwavering public trust, NSB enters 2026 firmly committed to empowering every journey, with safety, stability, and service at its core .



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Mattala Wildlife Unit to boost revenue, tourism and investor confidence

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Dignitaries at the MOU signing ceremony.

The launch of a dedicated wildlife unit at Mattala Rajapaksa International Airport is expected to deliver significant economic benefits by improving aviation safety, strengthening eco-tourism and enhancing Sri Lanka’s investment appeal, Wildlife Conservation Department Director General Ranjan Marasinghe said.

Speaking at the signing of a Memorandum of Understanding between the Department of Wildlife Conservation and Airport and Aviation Services (Sri Lanka) Limited, Marasinghe said the initiative links conservation directly with national development and revenue generation.

“This is more than an administrative step—it is a forward-looking initiative that aligns conservation, aviation safety and national development in a single strategic effort,” he said.

He noted that wildlife management at airports is globally recognised as essential for reducing bird strikes and wildlife-related disruptions, which can lead to costly repairs, delays and operational losses.

By proactively managing such risks, the Mattala Wildlife Unit is expected to lower potential costs for airlines and airport operators while improving efficiency and confidence among carriers considering future operations.

Marasinghe said the airport’s proximity to premier tourism destinations such as Yala National Park and Udawalawe National Park, together with marine tourism opportunities including Blue Whale watching, gives Mattala a strong commercial advantage.

“This convergence of aviation and wildlife tourism creates an extraordinary opportunity,” he said, adding that the airport has the potential to become a major gateway for high-value eco-tourism.

Industry observers note that wildlife tourists generally spend more on guided safaris, hotels, transport and local experiences, generating stronger foreign exchange earnings and employment opportunities for surrounding communities.

Marasinghe said integrating environmental standards into airport operations would also improve Sri Lanka’s global image at a time when investors and international travellers increasingly value sustainability.

“By integrating environmental considerations into airport operations, we position Sri Lanka more favourably on the global stage, demonstrating that we are a nation committed to sustainability, responsibility and innovation,” he said.

He expressed hope that the Mattala model would be replicated at other international airports, creating long-term savings, stronger environmental governance and wider economic returns.

The Director General said the Department of Wildlife Conservation remains committed to supporting the national economy through new and meaningful avenues while protecting Sri Lanka’s natural assets.

“Conservation must also contribute to development,” he said, stressing that protecting biodiversity and generating growth can go hand in hand.

By Ifham Nizam

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Aitken Spence Elevators and CINEC usher in a new era for Sri Lanka’s elevator industry

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Aitken Spence Elevators, in collaboration with CINEC Campus, recently held the Certificate Awarding Ceremony for the latest batch of trainees of the Elevator Serviceman Course at the Elevator Training Centre (ETC). The graduates were awarded their NVQ Level 3 certifications, marking a significant milestone in their professional journey within Sri Lanka’s vertical transportation industry.

The certification programme was developed in partnership with the National Apprentice and Industrial Training Authority (NAITA) and the Ministry of Vocational Training & Skills Development, ensuring trainees received industry-recognised qualifications, alongside strong practical competencies. The ceremony was attended by directors of both Aitken Spence and CINEC Campus, as well as staff members, lecturers, and invited guests of the graduating students

Anuka Prashan Pieris was recognised as the Most Outstanding Student of the batch in appreciation of his exceptional performance and commitment throughout the programme. The Elevator Training Centre plays a vital role in addressing the growing demand for skilled elevator service technicians through structured training and hands-on learning. The facility features Sri Lanka’s first Elevator Training Tower, offering trainees practical exposure aligned with both local and international standards.

All graduates of the current batch have already commenced their careers as technicians and supervisors at Aitken Spence Elevators. Their seamless transition into the workforce reflects the programme’s strong emphasis on developing job-ready professionals capable of contributing effectively from day one.

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Sterling Steels wins Merit Award at SLIA Annual Product Awards 2026

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COLOMBO, SRI LANKA– Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s dedication to excellence, innovation, and superior quality in the Sri Lankan construction industry.

The award was presented during a grand ceremony held at the esteemed Nelum Pokuna Theatre, a key event in the nation’s architectural and construction calendar. The SLIA Annual Product Awards are widely regarded as a benchmark for quality and design excellence, with products rigorously evaluated by a panel of distinguished architects and industry experts. Receiving this Merit Award positions Sterling Steels among the top-tier suppliers of building materials in the country.

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