Finance

NDB Reports Strong Profit Growth Amid Improving Economic Conditions in Sri Lanka

The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and strategic adaptability in an improving economic landscape. NDB Director/CEO Kelum Edirisinghe stated, “The positive trend in Net Interest Margins (NIMs), cost efficiency, and credit quality reflects our focused strategy to enhance shareholder

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Industry Analysis

NDB Collaborates with Sri Lanka Inventors Commission to Boost Innovation

National Development Bank PLC (NDB) has teamed up with the Sri Lanka Inventors Commission (SLIC) for the Sahasak Nimavum Project, a national competition celebrating Sri Lankan inventors and innovators. This partnership underscores NDB’s dedication to supporting emerging inventors and advancing the nation’s future. The Sahasak Nimavum Project invites students and adults from across Sri Lanka

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Industry Analysis

NDB Recognized as ‘Technology Resilient Company of the Year’ at Digital Trust Awards

The Sri Lanka Chapter of ISACA introduced the ‘Digital Trust Award’ to honor organizations excelling in Information Security, with NDB clinching the top spot in the banking category. This accolade underscores NDB’s commitment to robust security measures and innovation in combating evolving cyber threats. Judged by a panel of industry experts, including ICT legal pioneer

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Markets Stock Market

Sri Lanka Stocks End Higher as NDB Trade Boosts Turnover Past 1 Billion Rupees

The Colombo Stock Exchange concluded on a positive note on Friday, as reported by data on its website. The broader All Share Index finished up by 17.65 points, or 0.17%, reaching 10,586, while the S&P SL20 Index closed at 3,048 points, marking a 0.44% increase or 13.28 points. Total turnover for the day amounted to

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