National Development Bank PLC 2024 AR2
The report highlights National Development Bank PLC's performance for the fiscal year 2024, achieving its highest-ever profit before tax of LKR 25.7 billion at the Group level. The bank successfully navigated economic recovery by focusing on net interest margins, transaction volumes, and portfolio quality, which improved its Stage 3 impaired loans ratio to 5.18%. NDB also advanced its digital strategy with the launch of 'TradeLinc' and 'NDB WriztPay,' while expanding its green lending portfolio to LKR 22.9 billion in the renewable energy sector. Furthermore, the bank voluntarily adopted SLFRS S1 and S2 sustainability standards, reinforcing its commitment to robust ESG governance.
Company: National Development Bank PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2024
Type: AR2
Pages: 532
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National Development Bank PLC
Annual Report
The report highlights National Development Bank PLC's performance for the fiscal year 2024, achieving its highest-ever profit before tax of LKR 25.7 billion at the Group level. The bank successfully navigated economic recovery by focusing on net interest margins, transaction volumes, and portfolio quality, which improved its Stage 3 impaired loans ratio to 5.18%. NDB also advanced its digital strategy with the launch of 'TradeLinc' and 'NDB WriztPay,' while expanding its green lending portfolio to LKR 22.9 billion in the renewable energy sector. Furthermore, the bank voluntarily adopted SLFRS S1 and S2 sustainability standards, reinforcing its commitment to robust ESG governance.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees