National Development Bank Plc · CSELK:NDB.N0000
National Development Bank — 9M 2025 Earnings Presentation
39 slides from National Development Bank's earnings presentation, Nov 12, 2025
Slide 1: Financial Results for nine months ended 30 September 2025
National Development Bank PLC Financial Results for nine months ended 30 September 2025 Presentation to Analysts 12 November 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
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A 3
Slide 4: Agenda
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A 4
Slide 5: Performance snapshot
9M 2025 Results Appendix Performance snapshot The P&L perspective The balance sheet Liquidity and solvency Other qualitative perspective perspective indicators Rs 7.5 Bn PAT 22.1% growth Sound solvency and Best Digital Bank strong levels of liquidity 65.5% YoY growth in net loans* for SMEs Driven by
Slide 6: Performance snapshot: impact of special arrangement(s)
9M 2025 Results Appendix Performance snapshot Impact of special arrangement(s) on loans and deposits As at the reporting date of 30 September 2025, the Bank’s portfolio of loans & advances, and deposits included a total amount of Rs.46.8 Bn (2024 year-end: Rs.19.6 Bn), which had been received from c
Slide 7: Agenda
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A 7
Slide 8: Income and profitability
9M 2025 Results Appendix Income and profitability Rs. Bn – 9 months ended 30 September 2024 2025 ∆ Rs. ∆% YoY PAT movement in Rs. Bn NII 24.4 25.9 1.5 6.4 Net fee and commission income 5.1 5.8 0.7 13.8 Total operating income 32.5 34.3 1.8 5.4 Impairment charges on loans and other 11.0 5.9 (5.1) (46.
Slide 9: NII & NIM
9M 2025 Results Appendix NII & NIM Rs. Bn – 9 months ended 30 2024 2025 ∆ Rs. ∆% QoQ performance – Rs. Bn 1Q25 2Q25 3Q25 3Q24 September Interest income 66.0 64.4 (1.6) (2.4) Interest income 20.4 21.5 22.1 20.0 Interest expenses 41.6 38.5 (3.1) (7.6) Interest expenses 12.4 13.0 13.1 12.2 NII 24.4 25.
Slide 10: Non-fund based income (NFBI)
9M 2025 Results Appendix Non-fund based income (NFBI) Rs. Bn – 9 months ended 30 September 2024 2025 ∆ Rs. ∆% Total operating income composition Net fee and commission income (NFCI) 5.1 5.8 0.7 13.8 Net gain from trading (NGT) 4.4 1.7 (2.7) (60.3) 7.5% Other (1.3) 0.8 2.1 166.2 Total non-fund based
Slide 11: Operating expenses
9M 2025 Results Appendix Operating expenses Operating expenses Operating cost composition Rs. Bn – 9 months ended 30 September 2024 2025 ∆ Rs. ∆% Personnel expenses 6.6 7.4 0.8 12.4 Depreciation and amortisation 0.8 0.9 0.1 5.3 Other expenses 4.7 5.6 0.9 19.9 Total operating expenses 12.1 13.9 1.8 1
Slide 12: Credit costs
9M 2025 Results Appendix Credit costs Impairment charges on loans and other investments Impairment on the loan book in Rs. Bn 16 Rs. Bn – 9 months ended 30 September 2024 2025 ∆ Rs. ∆% 13.6 14 Impairment on the loan book 9.7 5.7 (4.0) (41.6) 12 Impairment on investments and others 1.3 0.2 (1.1) (83.
Slide 13: Gross income dispersion
9M 2025 Results Appendix Gross income dispersion 6.1% 10.3% PAT 3.0% 4.8% 3.5% Income tax expenses 4.9% 16.3% 19.0% Taxes on financial services 14.9% 8.1% 0.0% Total operating expenses 0.1% 56.1% Impairment charges on loans and other 52.8% investments Fee and commission expenses Interest expenses 9M
Slide 14: Agenda
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A
Slide 15: Balance sheet performance - Loans
9M 2025 Results Appendix Balance sheet performance - Loans Movement in gross loan book in Rs. Bn Rs. Bn – As at end FY24 9M25 ∆ Rs. ∆% Total assets 795.7 904.9 109.2 13.7 Excluding the impact of special Net loans 460.7 585.4 124.7 27.1 arrangement(s) * for the 9M25 LKR 34.1 Bn 24.9% Investments 267.
Slide 16: Balance sheet performance – Loans (Cont….)
Balance sheet performance – Loans (Cont….) 9M 2025 Results Appendix Currency composition of the loan book Composition of the loan book – on the basis of pricing 26.6% 25.4% 30.0% 31.4% 68.6% 73.4% 74.6% 70.0% 9M24 FY24 9M25 LCY FCY Floating Fixed *Impact of special arrangement(s) on loans and deposi
Slide 17: Credit quality
9M 2025 Results Appendix Credit quality Impaired Loans (Stage 3) Ratio (%) Credit quality movement (%) 12.0 55.6 60.0 54.5 49.4 8.6 10.0 50.0 41.1 6.5 6.4 37.4 6.0 8.0 40.0 5.3 4.6 7.0 6.2 6.3 5.2 6.0 30.0 4.5 4.3 9.4 9.6 8.8 4.0 8.1 20.0 5.8 FY21 FY22 FY23 9M24 FY24 9M25 2.0 10.0 NDB Sector - - FY2
Slide 18: Currency wise deposits analysis
9M 2025 Results Appendix Currency wise deposits analysis Movement in deposits in Rs. Bn 11.3% Reported results Excluding the impact of special arrangement(s) * for the 9M25 Rs. Bn – As at end FY24 9M25 YTD growth % LKR 23.6 Bn LCY deposits 471.3 491.8 4.3 FCY deposits 160.4 211.2 31.7 Total deposits
Slide 19: Product wise deposits analysis
9M 2025 Results Appendix Product wise deposits analysis Reported results Impact of special arrangement(s) adjusted results* Rs. Bn – As at end FY24 9M25 YTD growth % Rs. Bn – As at end FY24 9M25 Composition % YTD growth % CASA total 157.4 202.9 28.9 CASA total 137.7 156.0 23.8 13.3 Time deposits 473
Slide 20: Agenda
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A 20
Slide 21: Capital
9M 2025 Results Appendix Capital Capital adequacy ratios in % Rs. Bn – As at end FY24 9M25 ∆ Rs. ∆% Common Equity Tier 1 (CET1) capital 62.1 61.3 (0.8) (1.2) 19.1 (1.2) 15.9 15.4 Tier 1 capital 62.1 61.3 (0.8) 15.4 14.3 13.4 Total capital 86.7 81.9 (4.8) (5.5) Risk Weighted Assets (RWA) 453.9 531.3
Slide 22: Liquidity
9M 2025 Results Appendix Liquidity Liquidity - Ratios in % 152.4 Regulatory ratios % - As at end FY24 9M25 ∆ ppts Liquidity Coverage Ratio – Rupee 358.1 343.3 (14.8) 136.1 (Minimum Requirement – 100%) 130.9 142.3 Liquidity Coverage Ratio – All Currency 308.3 226.6 (81.7) 308.3 (Minimum Requirement -
Slide 23: Key investor ratios
9M 2025 Results Appendix Key investor ratios ROE and PBV movement 0.8 15.0 12.2 12.4 Investor ratios FY24 9M25 ∆ 0.6 8.0 10.0 Closing Price per Share - Rs. 113.25 142.00 28.75 8.0 0.4 EPS - Rs. (Annualised) 21.25 23.41 2.16 4.8 ROE (%) 12.2 12.4 0.2ppt 5.0 0.2 ROA (%) Pre-tax 3.1 2.3 (0.8)ppt 0.2 0.
Slide 24: Agenda
9M 2025 Results Appendix Agenda 1 Performance snapshot 2 Income and profitability highlights 3 Balance sheet performance highlights 4 Solvency and key investor ratios 5 Long term strategy and transformation programme 6 Q&A 24
Slide 25: NDB Bank's long-term transformation programme
NDB Bank's long-term transformation programme NDB, in partnership with The Boston Consulting Group (BCG) - one of the world’s leading Industry management consulting firms - has charted its Strategic Roadmap to 2030 marking the benchmarking levels launch of its long-term transformation programme. of
Slide 26: Key pillars of the Transformation Programme
Key pillars of the Transformation Programme Building for Scale, Profitability and superior Customer experience Strengthen Core Franchises Expand Growth Segments Extend market leadership in segments with Accelerate growth in priority customer segments & established strength through focused investment
Slide 27: Redefining the long-term aspiration
Redefining the long-term aspiration Superior Customer Gaining market share Improve Profitability Experience • Growth focused more in • Support NIM through optimized • Frictionless onboarding segments/ business lines product mix, pricing & expanded journeys & omnichannel that are more closely CASA ba
Slide 28: Q&A
9M 2025 Results Appendix Q&A
Slide 29: Annexures
Annexures
Slide 30: Financial performance summary
Financial performance summary 9M 2025 Results Appendix Income and profitability - Rs. Bn - for the quarter of 3Q24 4Q24 1Q25 2Q25 3Q25 ∆% vs 3Q24 Gross income 21.8 25.2 23.0 24.3 25.1 15.6 NII 7.9 9.8 8.0 8.5 9.0 14.1 NFBI 1.7 3.2 2.6 2.8 3.0 76.4 Total operating income 9.6 13.0 10.6 11.3 12.0 25.1
Slide 31: Banking NII
9M 2025 Results Appendix Banking NII NII & NIM 3Q24 4Q24 1Q25 2Q25 3Q25 ∆% vs 3Q24 NII - Rs. Bn (for the quarter) 7.9 9.8 8.0 8.5 9.0 14.1 NIM - % (as at end of the quarters) 4.2 4.3 3.9 4.0 4.1 (13) bps Average interest earning assets - Rs. Bn (as at end of the quarter) 776.0 797.7 836.8 868.6 915.
Slide 32: Impairment
9M 2025 Results Appendix Impairment Impairment and related ratios – For the quarter of 3Q24 4Q24 1Q25 2Q25 3Q25 ∆% vs 3Q24 Impairment on loans / (reversal) (Rs. Bn) 2.6 3.6 2.4 1.8 1.4 (46.2) Impairment on investments / (reversal) (Rs. Bn) 0.1 (25.1) 0.2 (0.02) (0.02) (120.0) Impaired Loans (Stage 3
Slide 33: Expenses
9M 2025 Results Appendix Expenses Expenses - Rs. Bn - for the quarter of 3Q24 4Q24 1Q25 2Q25 3Q25 ∆% vs 3Q24 Personnel Expenses 2.3 2.5 2.3 2.6 2.5 12.4 Depreciation and amortization 0.3 0.3 0.3 0.3 0.3 7.4 Other Expenses 1.5 2.0 1.8 1.9 1.9 20.1 Total operating expenses 4.1 4.7 4.4 4.8 4.7 15.0 Cos
Slide 34: Balance Sheet
9M 2025 Results Appendix Balance Sheet Rs. Bn - As at end 3Q24 4Q24 3Q25 ∆% YoY Total assets 763.2 795.7 904.9 18.6 Gross loans 501.1 509.8 636.9 27.1 Net loans 453.9 460.7 585.4 29.0 Customer deposits 611.5 631.7 702.9 14.9 Return on assets (before taxes) (%) 1.5 3.1 2.3 73.6bps Loans to deposits r
Slide 35: Capital Liquidity
9M 2025 Results Appendix Capital Rs. Bn - As at end 3Q24 4Q24 3Q25 ∆% YoY Common Equity Tier 1 (CET1) Capital 50.1 62.1 61.3 22.4 Tier 1 Capital 50.1 62.1 61.3 22.4 Total Capital 71.1 86.7 81.9 15.2 Liquidity % - As at end 3Q24 4Q24 3Q25 ∆ ppt (YoY) Liquidity Coverage Ratio (%) - Rupee 326.9 358.1 3
Slide 36: Glossary
9M 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 37: Forward looking statements
9M 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 38: Analyst support
9M 2025 Results Appendix Analyst support Webinar transcripts hosted on 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 39: NDB bank
ZANDB bank
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