NSB achieves robust growth in 1Q

PBT doubles to Rs. 7.5 b | Total assets now at Rs. 1.8 t

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NATIONAL Savings Bank (NSB) said yesterday it has begun the financial year 2025 on a resounding note, showcasing impressive profitability and operational resilience for the quarter ended 31 March 2025.

In a strong affirmation of its strategic focus and disciplined financial stewardship, the bank reported a 124% year-on-year (YoY) increase in Profit After Tax (PAT), surging to Rs. 7.59 billion, up from Rs. 3.39 billion in the corresponding period of 2024.

In a statement, NSB said despite a marginal dip in gross income, which stood at Rs. 50.28 billion compared to Rs. 54.18 billion in 1Q2024, the bank recorded a substantial 44% growth in Net Interest Income (NII), reaching Rs.20.26 billion.

This was achieved through active assetliability management, with interest expenses significantly reducing to Rs. 28.74 billion.

The bank's total operating income grew by 42.47%, driven by not only strong interest earnings but also a 17.35% rise in non-interest income, signalling the successful diversification of its revenue streams. A notable development during the quarter was the impairment reversal of Rs. 1.57 billion, compared to just Rs. 270 million in 1Q2024, attributed to focused credit risk management and recovery efforts by the bank. Consequently, net operating income increased by 50.19% to Rs. 23.03 billion from Rs. 15.33 billion reported a year ago.