National Development Bank Plc · CSELK:NDB.N0000
National Development Bank — H1 2025 Earnings Presentation
36 slides from National Development Bank's earnings presentation, Aug 19, 2025
Slide 1: Financial Results for 1H 2025 - Presentation to Analysts
National Development Bank PLC Financial Results for 1H 2025 Presentation to Analysts 19 August 2025 3:30 p.m. (UTC+05:30) Colombo
Slide 2: Corporate Participants
Corporate Participants PRESENTED BY Kelum Edirisinghe, Director/ Chief Executive Officer Q&A PANELISTS Kelum Edirisinghe, Director/ Chief Executive Officer K V Vinoj - Deputy Chief Executive Officer Sanjaya Perera - Senior Vice President - Personal Banking and Customer Experience Damitha Samaranayak
Slide 3: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 3
Slide 4: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 4
Slide 5: Key macro-economic trends
1H 2025 Results Appendix Interest rates trend (%) 364 days T-Bill 31.4 5 year T-Bond rate Interest rates have come down by close 29.3 to 240 bps since mid 2024 11.9 14.3 11.8 10.8 6.7 8.2 12.9 9.4 10.3 8.9 7.9 5.1 FY20 FY21 FY22 FY23 1H24 FY24 1H25 Exchange rate movement Exchange rates have broadly
Slide 6: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 6
Slide 7: Performance snapshot
1H 2025 Results Appendix Performance snapshot The balance sheet Other qualitative The P&L perspective Liquidity and solvency perspective indicators perspective Strongest loan book Rs 4.2 Bn PAT/ 31.7% expansion reported in 1H Sound solvency and Best Digital Bank strong levels of liquidity growth for
Slide 8: Performance snapshot - special arrangement(s) impact
1H 2025 Results Appendix Performance snapshot Impact of special arrangement(s) on loans and deposits As at the reporting date, the Bank’s portfolio of loans & advances, and deposits includes a total amount of Rs.50.3 Bn (2024 year-end: Rs.19.6 Bn), which has been received from customer(s) under a sp
Slide 9: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 9
Slide 10: Income and profitability
1H 2025 Results Appendix Income and profitability YoY PAT movement in Rs. Bn Rs. Bn – 6 months ended 30 June 2024 2025 ∆ Rs. ∆% NII 16.5 16.9 0.4 2.7 Net fee and commission income 3.4 3.6 0.2 8.4 Total operating income 22.9 22.3 (0.6) (2.8) Impairment charges on loans and other inv. 8.4 4.5 (3.9) (4
Slide 11: NII & NIM
1H 2025 Results Appendix NIM excluding impact of special arrangement(s)* – 4.2% NIM NII & NIM 4.0% 4.0% 4.3% 4.3% 4.0% 3.1% 3.3% Rs. Bn – 6 months ended 30 June 2024 2025 ∆ Rs. ∆% Interest income 46.0 42.3 (3.7) (8.0) Interest expenses 29.5 25.4 (4.1) (14.0) NII 16.5 16.9 0.4 2.7 FY20 FY21 FY22 FY23
Slide 12: Non-fund based income (NFBI)
1H 2025 Results Appendix Non-fund based income (NFBI) Total operating income composition Rs. Bn – 6 months ended 30 June 2024 2025 ∆ Rs. ∆% Net fee and commission income 3.4 3.6 0.2 8.4 (NFCI) Net gain from trading (NGT) 0.6 0.6 0.01 1.4 Other 2.5 1.1 (1.4) (54.8) 7.7% Total non-fund based income 6.
Slide 13: Costs and taxes
1H 2025 Results Appendix Costs and taxes Operating expenses - YoY movement in Rs. Bn Impairment charges on loans and other investments Rs. Bn – 6 months ended 30 June 2024 2025 ∆ Rs. ∆% Impairment on the loan book 7.1 4.2 (2.9) (40.6) Impairment on investments and others 1.3 0.3 (1.0) (80.0) Total I
Slide 14: Gross income dispersion
1H 2025 Results Appendix Gross income dispersion PAT 6.1% Income tax expenses 2.9% 8.9% 4.6% 3.4% 15.3% Taxes on financial services 4.7% 19.2% 16.0% Total operating expenses 0.01% 9.4% 0.1% Impairment charges on loans and other investments 56.2% 53.2% Fee and commission expenses Interest expenses 1H
Slide 15: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 15
Slide 16: Balance sheet performance - Loans
1H 2025 Results Appendix Balance sheet performance - Loans Movement in gross loan book in Rs. Bn Rs. Bn – As at end FY24 1H25 ∆ Rs. ∆% Total assets 795.7 916.7 121.0 15.2 Net loans 460.7 557.0 96.3 20.9 Investments 267.2 299.6 32.4 12.1 Net loans growth (YTD) excluding the impact of special arrangem
Slide 17: Credit quality
1H 2025 Results Appendix Credit quality Impaired Loans (Stage 3) Ratio (%) Credit quality movement (%) 12.0 54.5 53.4 60.0 8.6 10.0 44.3 50.0 7.7 41.1 37.4 6.5 6.0 5.8 8.0 40.0 4.6 7.0 6.7 6.2 6.0 30.0 5.2 5.1 9.5 9.6 4.3 8.8 4.0 8.3 20.0 5.8 FY21 FY22 FY23 1H24 FY24 1H25 2.0 10.0 NDB Sector - - FY2
Slide 18: Customer deposits
1H 2025 Results Appendix Customer deposits Movement in deposits in Rs. Bn Rs. Bn – As at end FY24 1H25 YTD growth % LCY deposits 471.3 493.5 4.7 FCY deposits 160.4 202.6 26.3 Total deposits 631.7 696.1 10.2 Deposits composition - Impact of special arrangement(s) adjusted* Rs. Bn – As at end FY24 1H2
Slide 19: Deposits analysis
1H 2025 Results Appendix Deposits analysis Deposits composition – Impact of special arrangement(s) on loans and deposits* adjusted Rs. Bn – As at end FY24 1H25 YTD growth % Rs. Bn – As at end FY24 1H25 Composition % YTD growth % Demand deposits 53.9 90.3 67.7 Demand deposits 34.3 39.9 6.2 16.6 Savin
Slide 20: Agenda
1H 2025 Results Appendix Agenda 1 Key macro-economic trends 2 Performance snapshot 3 Income and profitability highlights 4 Balance sheet performance highlights 5 Solvency and key investor ratios 6 Q&A 20
Slide 21: Capital
1H 2025 Results Appendix Capital Capital adequacy ratios in % Rs. Bn – As at end FY24 1H25 ∆ Rs. ∆% 19.1 15.9 16.6 15.4 Common Equity Tier 1 (CET1) capital 62.1 63.0 0.9 1.5 14.3 13.4 Tier 1 capital 62.1 63.0 0.9 1.5 13.7 12.3 Total capital 86.7 84.9 (1.8) (2.0) 11.7 9.2 10.0 9.3 RWA 453.9 512.6 58.
Slide 22: Liquidity
1H 2025 Results Appendix Liquidity Liquidity - Ratios in % Regulatory ratios % - As at end FY24 1H25 ∆ ppts Liquidity Coverage Ratio – Rupee 358.1 330.9 (27.2) (Minimum Requirement – 100%) 152.4 Liquidity Coverage Ratio – All Currency 308.3 253.8 (54.5) (Minimum Requirement - 100%) 124.5 Net stable
Slide 23: Key investor ratios
1H 2025 Results Appendix Key investor ratios Investor ratios FY24 1H25 ∆ ROE and PBV movement Closing Price per Share - Rs. 113.25 120.25 7.00 0.7 14.0 EPS - Rs. (Annualised) 21.25 19.65 (1.60) 12.2 ROE (%) 12.2 10.6 (1.6) ppt 0.6 12.0 ROA (%)Pre-tax 3.1 2.0 (1.1) ppt 10.6 Book Value per Share - Rs.
Slide 24: NDB share performance
1H 2025 Results Appendix NDB share performance Index movements YTD YTD 2025 (12 Aug) NDB – 23% ASPI – 22% Banking – 20% Index value 2-Jan 2-Feb 2-Mar 2-Apr 2-May 2-Jun 2-Jul 2-Aug 24
Slide 25: Q&A
Q&A
Slide 26: Annexures
Annexures
Slide 27: Financial performance summary
1H 2025 Results Appendix Financial performance summary Income and profitability - Rs. Bn - for the quarter of 2Q24 3Q24 4Q24 1Q25 2Q25 ∆% vs 2Q24 Gross income 26.4 21.8 25.2 23.0 24.3 (7.9) NII 8.4 7.9 9.8 8.0 8.5 1.1 NFBI 4.4 1.7 3.2 2.6 2.8 (37.9) Total operating income 12.9 9.6 13.0 10.6 11.3 (12
Slide 28: Banking NII
1H 2025 Results Appendix Banking NII NII & NIM 2Q24 3Q24 4Q24 1Q25 2Q25 ∆% vs 2Q24 NII - Rs. Bn (for the quarter) 8.4 7.9 9.8 8.0 8.5 1.1 NIM - % (as at end of the quarters) 4.3 4.2 4.3 3.9 4.0 (26) bps Average interest earning assets - Rs. Bn (as at end of the quarter) 782.6 776.0 797.7 836.8 868.6
Slide 29: Impairment
1H 2025 Results Appendix Impairment Impairment and related ratios – For the quarter of 2Q24 3Q24 4Q24 1Q25 2Q25 ∆% vs 2Q24 Impairment on loans / (reversal) (Rs. Bn) 4.0 2.6 3.6 2.4 1.8 (54.3) Impairment on investments / (reversal) (Rs. Bn) 0.02 0.1 (25.1) 0.2 (0.02) (200.0) Impaired Loans (Stage 3)
Slide 30: Expenses
1H 2025 Results Appendix Expenses Expenses - Rs. Bn - for the quarter of 2Q24 3Q24 4Q24 1Q25 2Q25 ∆% vs 2Q24 Personnel Expenses 2.3 2.3 2.5 2.3 2.6 14.1 Depreciation and amortization 0.3 0.3 0.3 0.3 0.3 3.1 Other Expenses 1.6 1.5 2.0 1.8 1.9 21.1 Total operating expenses 4.1 4.1 4.7 4.4 4.8 16.1 Cos
Slide 31: Balance Sheet
1H 2025 Results Appendix Balance Sheet Rs. Bn - As at end 2Q24 4Q24 2Q25 ∆% YoY Total assets 764.5 795.7 916.7 19.9 Gross loans 504.9 509.8 607.5 20.3 Net loans 459.0 460.7 557.0 21.3 Customer deposits 619.2 631.7 696.1 12.4 Return on assets (before taxes) (%) 1.4 3.1 2.0 60.6 bps Loans to deposits
Slide 32: Capital and Liquidity
1H 2025 Results Appendix Capital Rs. Bn - As at end 2Q24 4Q24 2Q25 ∆% YoY Common Equity Tier 1 (CET1) Capital 50.9 62.1 63.0 23.8 Tier 1 Capital 50.9 62.1 63.0 23.8 Total Capital 68.1 86.7 84.9 24.7 Liquidity % - As at end 2Q24 4Q24 2Q25 ∆ ppt (YoY) Liquidity Coverage Ratio (%) - Rupee 284.3 358.1 3
Slide 33: Glossary
1H 2025 Results Appendix Glossary AWDR Average weighted deposits rate NGFAFVP&L Net gain/(loss) from financial assets at fair value through profit or loss AWPR Average weighted prime lending rate NGT Net gains from trading bps Basis points NII Net interest income CAR Capital adequacy ratio NIM Net i
Slide 34: Forward looking statements
1H 2025 Results Appendix Forward looking statements This document has been prepared by National Development Bank PLC [“NDB”, “Bank” or the “Group”] solely for use at its presentation to potential & current investors. The information contained in this document should be considered in the context of t
Slide 35: Analyst support
1H 2025 Results Appendix Analyst support Webinar transcripts hosted to the NDB Corporate website/ IR page in playback video and written transcript forms Dedicated communication channels made available for any queries and clarifications Call us on +94 112 448 448 Ext(s) Azzam A Ahamat- Vice Presi
Slide 36: NDB bank
ZANDB bank
National Development Bank — H1 2025 Earnings Presentation on 6ix