Srilanka, Feb. 21 -- National Development Bank PLC (NDB) yesterday announced a record-breaking profit for the financial year 2024, marking a significant milestone in the bank's growth trajectory.

All key performance indicators (KPIs) and shareholder metrics showed substantial improvements, reflecting the bank's resilience and commitment to delivering value.

"For the period under review the Bank reported a pre-tax profit of Rs. 24.3 billion up 141 percent over 2023 inclusive of the one-off gain of Rs. 12.8 billion stemming from the ISB restructure. Excluding this gain, our pre-tax profit from the underlying business grew 31 percent year-on-year," said NDB Director/ Chief Executive Officer Kelum Edirisinghe.

NDB recorded a post-tax pr...