NDB Bank hosts Investor and Analysts Earnings Call on FY 2024 financial results

National Development Bank PLC (NDB) conducted its Investor and Analysts Earnings Call on 12th of March, following the release of the financial results and annual report for the full year ended December 31, 2024.

The session, led by Kelum Edirisinghe, Director and Chief Executive Officer of NDB Bank, along with the bank’s senior management team, was held virtually via Zoom. During the call, the CEO delivered a comprehensive presentation on the bank’s financial performance for FY 2024, its strategic direction, and key operational highlights. This was followed by an interactive Q&A session, providing investors and analysts with valuable insights into the bank’s growth trajectory and future outlook.

The forum attracted a diverse group of stakeholders, including research analysts, stockbrokers, fund managers, and investors. Organized by NDB’s Investor Relations Team, the session reinforced the bank’s commitment to transparency and stakeholder engagement. Since 2014, NDB has consistently hosted these quarterly and annual earnings calls, demonstrating a longstanding commitment to fostering trust and accountability. Transcripts and recordings of the call will be made available on the bank’s website, ensuring continued access to key insights.

During the presentation, the CEO highlighted NDB’s strong financial performance in 2024, underpinned by strategic initiatives aimed at optimizing the cost of funds, strengthening portfolio quality, and driving sustainable profitability. The bank’s digital transformation efforts, coupled with a focus on enhancing transactional and fee-based income, played a pivotal role in navigating macroeconomic challenges and positioning NDB for long-term growth. The Q&A session that followed saw insightful discussions on key topics, including the bank’s loan portfolio quality, CASA base, projected loan growth, sources for loan growth, and expectations on interest rate movements in the economy.

Despite the dynamic economic landscape, NDB remained resilient, leveraging its robust risk management framework and customer-centric approach to maintain stability and deliver value to stakeholders.