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Asia Wealth Management recommends NDB as “buy”

Sep 19, 2011 2:35:10 PM - www.ft.lk

National Development Bank (NDB) with a branch network of 51 as at June 2011, and an asset base of Rs. 124.7 b (as at 30 June 2011) is the fifth largest private Commercial Bank in Sri Lanka (in terms of asset base). Interest income, has shown a compound average growth of 12% over a period of six years. A detailed analysis on quarterly performance for FY2010 would reveal overall interest income has declined due to continued dip in interest income earned on other interest earning assets.

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