National Development Bank PLC Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 21, 2023 at 06:10 am
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National Development Bank PLC reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was LKR 8,717.34 million compared to LKR 5,724.26 million a year ago. Net income was LKR 2,367.44 million compared to LKR 936.19 million a year ago. Basic earnings per share from continuing operations was LKR 5.9279 compared to LKR 2.6928 a year ago. Diluted earnings per share from continuing operations was LKR 5.9279 compared to LKR 2.6928 a year ago.
For the full year, net interest income was LKR 31,130.37 million compared to LKR 21,741.3 million a year ago. Net income was LKR 3,008.74 million compared to LKR 6,904.26 million a year ago. Basic earnings per share from continuing operations was LKR 7.536 compared to LKR 19.8675 a year ago. Diluted earnings per share from continuing operations was LKR 7.536 compared to LKR 19.8675 a year ago.
National Development Bank PLC (the Bank) is a Sri Lanka-based private commercial bank. The Bank serves the countryâs retail, small and midsize enterprise (SME) and corporate sectors through an array of lending, saving and transactional banking solutions. The Bank operates through four segments: Banking, Capital Markets, Property Investment, and Others. The Bank is engaged in providing capital market solutions and offers the entire gamut of integrated financial solutions. The Bank offers a range of investment, lending and transactional banking solutions across customer segments. The Bank operates primarily in Sri Lanka and has limited operations in Bangladesh and Mauritius. The Bank also offers services, such as card offers, loans, leasing, remittance, mobile banking, cash management, project financing, working capital finance, trade services, and treasury products.
NATIONAL DEVELOPMENT BANK PLC 
