📈 NDB Reports Rs. 2.9 Bn 3Q PAT Amid Resilient Core Earnings

National Development Bank PLC (NDB) posted a Profit After Tax (PAT) of Rs. 2.9 Bn for 3Q 2026. Performance remained strong across core banking operations, despite absorbing the final financial impact of a previously identified fraud incident. • 9M 2026 Overall Performance: - Gross Income: Rs. 80.6 Bn (+10.6% YoY) - Net Banking Revenue: Rs. 32.6 Bn (+14.8% YoY) - Pre-Tax Operating Profit: Rs. 15.1 Bn (vs. Rs. 10.1 Bn restated in 9M 2025) - Post-Tax Profit: Rs. 7.7 Bn (+51% YoY vs. Rs. 5.1 Bn restated; Rs. 9.1 Bn ex-fraud impact) - ROE / EPS: ROE improved to 12.9% (vs. 7.5% in FY 2025); Annualised EPS rose to Rs. 24.23 • Income Breakdown: - Net Interest Income (NII): Rs. 25.4 Bn (-2.2% YoY) amid low interest rates; NIM stood at 3.6% - Net Fee & Commission Income: Rs. 6.6 Bn (+14.1% YoY), driven by credit and cards services - Other Non-Fund Income: Rs. 3.7 Bn (up from Rs. 2.6 Bn in 9M 2025), including forex gains of Rs. 953 Mn • Balance Sheet & Asset Quality: - Total Assets: Expanded 5.3% to Rs. 975.4 Bn - Deposits & Loans: Deposits reached Rs. 717.5 Bn; Net loans rose to Rs. 599.7 Bn - Asset Quality: Loan impairment charges dropped 48.4% YoY to Rs. 3.0 Bn. Net Stage 3 impaired loan ratio improved to 3.0% (vs. 3.8% at end-2025) with provision coverage up to 65.4%. - Liquidity & Capital: LCR (Rupee) at 199.0% and Tier I CAR at 9.5% remained comfortably above regulatory minimums. • Fraud Impact Update: - Final forensic report confirmed total fraud amount at ~Rs. 13.64 Bn. - Gross impact attributable to 9M 2026 stood at Rs. 2.6 Bn (fully recognized in 1Q 2026), compared to Rs. 4.5 Bn recognized in 9M 2025.