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» Dividend Announcement
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyYesterday at 9:18 pm by nihal123

» Thought for the day...
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyYesterday at 5:44 pm by sashimaal

» Trading Journal
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyYesterday at 8:19 am by Topcat

» Performance of the Market-Weekly
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyThu Sep 12, 2019 7:58 pm by ruwan326

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» CLND Not to miss
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Sep 04, 2019 9:42 pm by sureshot

» Thread for News on CSE and SL Economy
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Sep 04, 2019 6:35 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Aug 21, 2019 10:07 am by nisashi

» අනං මනං! #/+?.<>
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» CFVF - First Capital
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyFri Aug 16, 2019 9:58 am by CK

» Ceylinco Insurance CINS
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyWed Aug 14, 2019 9:11 am by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 EmptySat Aug 10, 2019 6:33 pm by The Invisible

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NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)

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NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC) - Page 2 Empty Re: NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)

Post by yellow knife on Mon Apr 01, 2019 11:46 am

                          2018

NDB has increased revenue by 21% on YoY basis.

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Post by yellow knife on Mon Apr 01, 2019 11:49 am

PAT of NDB has gone up by 47%.

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Post by PANTOMATH on Mon Apr 01, 2019 6:21 pm

Thanks YK,
Certainly a good share in banking sector,Good DY too
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Post by yellow knife on Tue Apr 02, 2019 7:08 am

Thanks Pantomath

*****************************************

NDB has mentioned some challenges faced by the entire Banking Industry. Overcoming these obstacles is a must for the health of the entire industry.

1. Full Implementation of Basel III.

In order to improve Tier I capital NDB went for a right s issue in the last quarter of 2018 with the intention of raising 6.2 Billion.

However NDB could raise only 55% of that which is only 3.4 Billion. The Bank was interested in finding a strategic investor who could buy the remaining unsubscribed amount, yet failed.

This shows why a Government should look into Share Market. If the Share Market was performing well NDB could have easily got its rights subscribed.

2. SLFRS 9 implemented.

3. Debt Repayment Levy. Banking sector has become the highest taxed sector of the country where a prudent investor now has to re-evaluate on investing in Banking Shares. Effective tax rate is as high as 57%.

4. Swallowing a considerable portion of Earnings by Tax reduces the Banking sectors ability to augment capital through internally generated funds.

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Post by yellow knife on Tue Apr 02, 2019 7:13 am

NDB is maintaining a higher ROE .

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Post by yellow knife on Tue Apr 02, 2019 7:17 am

EPS of NDB

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Post by yellow knife on Tue Apr 02, 2019 7:24 am

PE ratio shows how attractive some Banking shares are. It also shows how much interested the Investors are.

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Post by yellow knife on Tue Apr 02, 2019 7:27 am

Dividend payout is around 35% of earnings.

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Post by yellow knife on Tue Apr 02, 2019 7:28 am

Market price has come down despite good performance.

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Post by Backstage on Tue Apr 02, 2019 11:11 am

Pre war rates. Thanks YK.
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Post by ruwan326 on Thu Jun 13, 2019 7:58 pm

Financial Performance- Period ended 31 March 2019

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Post by The Invisible on Wed Aug 14, 2019 9:11 am

National Development Bank net down 29-pct

ECONOMYNEXT - Profits at Sri Lanka's National Development Bank group fell 29 percent to 781 million rupees in the June 2019 quarter from a year earlier, amid high loan losses and higher taxes, though the bank has grown its loan book.

NDB reported earnings of 4.54 rupees per share for the quarter. The group reported earnings of 6.19 rupees per share of the six months to June with total profits falling 32 percent to 1.32 billion rupees.

Interest income grew 25 percent to 13.2 billion rupees, interest expenses grew 30 percent to 9.1 billion rupees and the bank grew net interest income 15 percent to 4.0 billion rupees.

NDB group grew its loan book 5 percent to 361 billion rupees from December to June. The bond portfolio grew 15 percent to 27 billion rupees.

Loan losses grew 36 percent to 966 million rupees. Unspecified other provisions grew from 11 million rupees to 122 million rupees.

At bank level the gross non-performing loan ratio grew to 4.56 percent from 2.85 percent.

Sri Lanka is recovering from monetary instability in 2018 which saw the rupee collapse from 153 to 182 to the US dollar with the central bank printing money to keep rates down artificially just as the economy and the credit system recovered in the first quarter. There have been calls to restrain the domestic operations department of the central bank and criminalize certain actions of the unit.

Deposits grew 2 percent to 354 billion rupees.

VAT on financial services grew from 299 million rupees to 423 million rupees and there was a 222 million charge from a new debt repayment levy.

Gross assets grew 4 percent to 495 billion rupees. Net assets grew 2 percent to 39.9 billion rupees. At bank level Tier 1 capital fell from 9.17 percent to 9.02 percent. Total capital adequacy increased to 13.64 percent from 12.63 percent. (Colombo/Aug14/2019)
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