NDB 2Q Profit Soars On Higher Loans, Improved Margins
Daily Mirror - Sri Lanka|July 29, 2021
Opening the banking sector earnings for the June quarter (2Q21), National Development Bank PLC (NDB) reported some stellar financials on robust growth in loans amid improving margins.
NDB 2Q Profit Soars On Higher Loans, Improved Margins

The development lender-turned fully-fledged commercial bank reported a Rs.5.24 billion net interest income for the quarter under review, up 15.4 percent year-on-year (YoY), as the bank accelerated its loans while the margins expanded with deposits getting reprised at lower interest rates.

The decline in the interest expenses outstripped the corresponding decline in the interest income by at least three times to improve the net interest margin to 3.23 percent, from 3.07 percent at the start of the year.

The bank also attracted more low-cost deposits, as out of the Rs.25.0 billion deposits it raised during the first six months, Rs.13.0 billion were low cost.

この記事は Daily Mirror - Sri Lanka の July 29, 2021 版に掲載されています。

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この記事は Daily Mirror - Sri Lanka の July 29, 2021 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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