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NSB Group posts strong 3Q with PBT up 30% to Rs. 34.8 b

Daily FT

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November 24, 2025

Total deposits soar to Rs 1.6 t Stage 3 loan ratio dips to 2.63% Capital Adequacy Ratio at 24% Contributes over Rs. 24.1 b in taxes

NSB Group posts strong 3Q with PBT up 30% to Rs. 34.8 b

THE National Savings Bank Group (NSB) has reported a solid performance for the nine months ended 30 September 2025, delivering sharp improvements in profitability, margins, and asset quality despite a moderating interest-rate environment.

The State-owned savings giant recorded a Profit Before Tax (PBT) of Rs. 34.8 billion, up 30%, while Profit After Tax (PAT) surged 32% to Rs. 21.2 billion.

Chairman Dr. Harsha Cabral, PC said the results highlight the bank's ability to uphold its dual mandate of safeguarding national savings and supporting State financing, while maintaining strong profitability.

General Manager/CEO Shashi Kandambi noted that disciplined balance sheet management, improved margins, and sustained investments in technology and staff contributed to the strong performance.

WEITERE GESCHICHTEN VON Daily FT

Daily FT

Court issues notice on IRD over new VAT refund scheme

THE Court of Appeal has issued notice on the Commissioner General of the Inland Revenue Department (IRD) and other State agencies after a writ application challenged the legality of the Government’s newly gazetted VAT refund scheme, which replaced the abolished Simplified VAT (SVAT) system.

time to read

1 min

November 24, 2025

Daily FT

Daily FT

Seminar on 'Impact of Budget on the National Economy' at OPA

THE 2026 National Budget focuses on growth while advancing development and debt sustainability. This was highlighted at a seminar on “Impact of the Budget on the National Economy —Way Forward” organised by the Organisation of Professional Associations of Sri Lanka.

time to read

3 mins

November 24, 2025

Daily FT

Deputy Minister explains lack of aggressive tax measures in Budget 2026

THE Government kept the 2026 Budget free of aggressive tax mobilisation proposals because households and businesses are already carrying a heavy fiscal load, Deputy Industry and Entrepreneurship Development Minister Chathuranga Abeysinghe told a recent virtual investor forum organised by Tellimer and Softlogic Stockbrokers.

time to read

2 mins

November 24, 2025

Daily FT

Unit trust industry sees strong investor activity in October

Assets under management tops Rs. 600 b mark from Rs. 592 b in Sept. Draws 3,628 new unit holders bringing total to 137,224

time to read

2 mins

November 24, 2025

Daily FT

Daily FT

Rank to develop Rs. 1 b worth container cargo inspection yard at Hambantota International Port

HAMBANTOTA International Port Group (HIPG) has partnered with Rank Container Terminals Ltd., (RCT) to develop a purpose-built container cargo inspection yard within the Port premises.

time to read

1 mins

November 24, 2025

Daily FT

Questions raised over Sri Lanka's DPI strategy and trade reform sequencing

SRI Lanka's current approach to Digital Public Infrastructure (DPI) and trade liberalisation may reinforce inequality rather than reduce it unless access, mobility, and capability gaps are addressed upfront, UNDP Country Economist Dr. Vagisha Gunasekara has warned.

time to read

4 mins

November 24, 2025

Daily FT

Barcelona thrash Athletic Bilbao 4-0 on emotional return to Camp Nou

BARCELONA, back at their beloved Camp Nou, have produced a dominant 4-0 victory over 10-man Athletic Bilbao to add to the homecoming celebrations.

time to read

1 mins

November 24, 2025

Daily FT

Daily FT

CoPF reviews revenue performance of key Finance Ministry institutions

Public Debt Management Office briefs on Govt.'s Medium-Term Debt Management Strategy for 2026-2030 Outlines annual borrowing plan for 2026, clarifies projected financing requirements and debt sustainability measures BOI says FDI reached $ 827 m in first nine months of 2025 CoPF informs BOI and related agencies to intensify efforts to ensure growth in FDI in coming years Approves eight reports submitted under Public Finance Management Act, No. 44 of 2024

time to read

1 min

November 24, 2025

Daily FT

Daily FT

Stokes hails Head's phenomenal knock after Perth defeat under two days

BEN Stokes on Saturday admitted to being rattled after England's eight-wicket loss to Australia in the first Test at Perth, as Travis Head's whirlwind knock blew the visitors away in the fourth innings on Day Two.

time to read

2 mins

November 24, 2025

Daily FT

Daily FT

President vows to prevent racist divisions

Seeks collective support for ‘Sri Lanka Day’ celebration Party leaders and representatives welcome initiative, commending effort to create an inclusive national celebration

time to read

2 mins

November 24, 2025

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