📈 NDB Reports Rs. 3 Bn 2Q PAT Driven by Core Banking

National Development Bank PLC (NDB) released its 1H 2026 financial results, highlighting resilient banking operations despite absorbing a revised Rs. 13.58 Bn fraud impact. • Overall Financials & Growth Total Revenue: Up 12.8% YoY to Rs. 53.82 Bn Net Interest Income (NII): Up 2.8% YoY to Rs. 17.42 Bn 1H Post-Tax Profit: Rs. 4.83 Bn (Up vs. restated Rs. 1.93 Bn in 1H 2025; excluding fraud impact, post-tax profit stood at Rs. 6.21 Bn) 2Q Standalone PAT: Rs. 3.01 Bn • Sector & Operational Highlights Net Fee & Commission Income: Expanded 22.4% YoY to Rs. 4.45 Bn, driven by cards, trade-related activities, and operations. Asset Quality: Impairment charges dropped 22.9% YoY to Rs. 3.46 Bn; Stage 3 net ratio improved to 3.3% (vs. 3.8% at end-2025). Core Drivers: Strategic focus remains on empowering SME and retail sectors to support national economic recovery. • Balance Sheet & Ratios Total Assets: Rs. 949.02 Bn Total Deposits: Rs. 712.50 Bn | Net Loans: Rs. 595.28 Bn Capital & Liquidity: Tier 1 CAR at 9.7%, Total CAR at 15.3%, Liquidity Coverage Ratio (Rupee) at 163.5%—all well above regulatory minimums. Return on Equity (ROE): Improved to 12.7% (vs. restated 7.5% in FY 2025). • Fraud Impact Update Total revised fraud loss stands at Rs. 13.58 Bn (per Deloitte forensic review), with Rs. 2.55 Bn recognised in 1Q 2026 and restatements applied to prior periods.