NDB conducts Investor and Analysts Earnings Call on Q3 2024 Financial Results

Above: (Pictured L to R all from NDB) Alex Perera - VP, CRO; Hasitha Athapattu – VP Finance; K.V. Vinoj - DCEO; Kelum Edirisinghe - Director/CEO; Sanjaya Perera - SVP, Personal Banking & Customer Experience; Damitha Samaranayake – AVP Treasury, and Kumudari Peiris – Senior Manager Finance.

National Development Bank PLC hosted its Investor and Analysts Earnings Call on November 19, 2024, following the release of the financial results for the third quarter of the financial year ended September 30, 2024. 

The session, led by Kelum Edirisinghe, Director and Chief Executive Officer of NDB Bank, alongside the bank’s senior management team, was conducted virtually via Zoom. It featured a detailed presentation by the CEO on the bank’s Q3 2024 financial performance and strategic direction, followed by an interactive Q&A session addressing participants' queries and providing clarity on the bank’s operations and future initiatives, the bank said in a media release. 

This forum attracted a diverse group of stakeholders, including research analysts, stockbrokers, fund managers, and investors. The event was meticulously organised by NDB's Investor Relations Team, underscoring the bank's dedication to fostering transparency, engagement, and trust within the financial community. NDB has been conducting these quarterly earnings calls since 2014, demonstrating a longstanding commitment to openness and accountability. Transcripts and playback recordings of the call will be made available on the bank’s website, offering stakeholders comprehensive access to the insights shared.

During the earnings call, the CEO elaborated on the bank’s financial performance in Q3 2024, highlighting its strategic priorities, with key focus areas being optimising the cost of funds, driving transactional and fee-based income, enhancing portfolio quality and driving net interest margins. The leadership also shed light on NDB's efforts in navigating economic challenges, bolstering digital innovation, and maintaining its role as a key financial partner for businesses and individuals alike in Sri Lanka’s reviving economy.