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NDB.N0000 (National Development Bank PLC) - Page 2 EmptyTue Mar 17, 2020 12:59 pm by yellow knife

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NDB.N0000 (National Development Bank PLC)

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NDB.N0000 (National Development Bank PLC) - Page 2 Empty Re: NDB.N0000 (National Development Bank PLC)

Post by yellow knife on Mon Apr 01, 2019 11:46 am

                          2018

NDB has increased revenue by 21% on YoY basis.

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Post by yellow knife on Mon Apr 01, 2019 11:49 am

PAT of NDB has gone up by 47%.

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Post by PANTOMATH on Mon Apr 01, 2019 6:21 pm

Thanks YK,
Certainly a good share in banking sector,Good DY too
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Post by yellow knife on Tue Apr 02, 2019 7:08 am

Thanks Pantomath

*****************************************

NDB has mentioned some challenges faced by the entire Banking Industry. Overcoming these obstacles is a must for the health of the entire industry.

1. Full Implementation of Basel III.

In order to improve Tier I capital NDB went for a right s issue in the last quarter of 2018 with the intention of raising 6.2 Billion.

However NDB could raise only 55% of that which is only 3.4 Billion. The Bank was interested in finding a strategic investor who could buy the remaining unsubscribed amount, yet failed.

This shows why a Government should look into Share Market. If the Share Market was performing well NDB could have easily got its rights subscribed.

2. SLFRS 9 implemented.

3. Debt Repayment Levy. Banking sector has become the highest taxed sector of the country where a prudent investor now has to re-evaluate on investing in Banking Shares. Effective tax rate is as high as 57%.

4. Swallowing a considerable portion of Earnings by Tax reduces the Banking sectors ability to augment capital through internally generated funds.

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Post by yellow knife on Tue Apr 02, 2019 7:13 am

NDB is maintaining a higher ROE .

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Post by yellow knife on Tue Apr 02, 2019 7:17 am

EPS of NDB

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Post by yellow knife on Tue Apr 02, 2019 7:24 am

PE ratio shows how attractive some Banking shares are. It also shows how much interested the Investors are.

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Post by yellow knife on Tue Apr 02, 2019 7:27 am

Dividend payout is around 35% of earnings.

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Post by yellow knife on Tue Apr 02, 2019 7:28 am

Market price has come down despite good performance.

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Post by Backstage on Tue Apr 02, 2019 11:11 am

Pre war rates. Thanks YK.
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Post by ruwan326 on Thu Jun 13, 2019 7:58 pm

Financial Performance- Period ended 31 March 2019

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Post by The Invisible on Wed Aug 14, 2019 9:11 am

National Development Bank net down 29-pct

ECONOMYNEXT - Profits at Sri Lanka's National Development Bank group fell 29 percent to 781 million rupees in the June 2019 quarter from a year earlier, amid high loan losses and higher taxes, though the bank has grown its loan book.

NDB reported earnings of 4.54 rupees per share for the quarter. The group reported earnings of 6.19 rupees per share of the six months to June with total profits falling 32 percent to 1.32 billion rupees.

Interest income grew 25 percent to 13.2 billion rupees, interest expenses grew 30 percent to 9.1 billion rupees and the bank grew net interest income 15 percent to 4.0 billion rupees.

NDB group grew its loan book 5 percent to 361 billion rupees from December to June. The bond portfolio grew 15 percent to 27 billion rupees.

Loan losses grew 36 percent to 966 million rupees. Unspecified other provisions grew from 11 million rupees to 122 million rupees.

At bank level the gross non-performing loan ratio grew to 4.56 percent from 2.85 percent.

Sri Lanka is recovering from monetary instability in 2018 which saw the rupee collapse from 153 to 182 to the US dollar with the central bank printing money to keep rates down artificially just as the economy and the credit system recovered in the first quarter. There have been calls to restrain the domestic operations department of the central bank and criminalize certain actions of the unit.

Deposits grew 2 percent to 354 billion rupees.

VAT on financial services grew from 299 million rupees to 423 million rupees and there was a 222 million charge from a new debt repayment levy.

Gross assets grew 4 percent to 495 billion rupees. Net assets grew 2 percent to 39.9 billion rupees. At bank level Tier 1 capital fell from 9.17 percent to 9.02 percent. Total capital adequacy increased to 13.64 percent from 12.63 percent. (Colombo/Aug14/2019)
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Post by Trend on Tue Dec 31, 2019 1:55 am

Is NDB good to buy or will they give a rights issue?
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