NDB conducts Investor Earnings Call on FY 2021 financial results

Fully virtual Investor Earnings Call was hosted by Director/Chief Executive Officer Dimantha Seneviratne with digital presence of bank’s senior management 

National Development Bank PLC (NDB) hosted the bank’s quarterly online Investor Earnings Call to discuss the bank’s financial results, subsequent to the release of its financial results for the financial year ended on December 31, 2021.

The Investor Earnings Call was hosted by NDB Bank Director/ Chief Executive Officer Dimantha Seneviratne, with the presence of the senior management of the bank. The call, which was conducted virtually via the MS Team platform, comprised a presentation by the CEO on the performance as well as an interactive Q&A 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.  NDB as a responsible listed entity has continued undisrupted, the best practices of hosting the quarterly webinar post results release to the CSE and publishing  transcripts and playback videos on the bank’s website for later reference  - even amidst challenges brought by the pandemic.

NDB Bank - Sri Lanka’s most awarded corporate posted sound all-round performance for 2021, notwithstanding the multiple challenges that marked the year. The financial statements for the financial year reported sustained growth in several financial KPIs.

Commenting on the year’s performance, NDB Director/ CEO Dimantha Seneviratne mentioned that the retrospect of 2021 had many reasons to be grateful for. 

“We managed one of the largest equity infusions in the history of the bank netting Rs.9.5 billion and on boarded the Norwegian Investment Fund for developing countries (Norfund) as our top shareholder with a 9.99 percent ownership. Our strategy remained well on track with strong delivery across all areas and we extended support to our pandemic-hit customers via a host of modes. The sustainable growth trend we have maintained over the years continued, with the bank achieving triple Rs.500 billion in total assets, gross loans and customer deposits. I am proud of the NDB Team, whose perseverance and relentlessness made another good year possible, whilst as a bank, we are deeply grateful for the unstinted loyalty and confidence of our investors and customers,” he commented.