NSB ups pre-tax profit by 24% to a record Rs. 13b Savings giant NSB has boosted its profit before tax for 2015 by 24% to a record Rs. 13 billion, whilst achieving healthy growth in deposit mobilisation. The bank also recorded a 26.2% rise in profit after tax to reach Rs. 8.7 billion for the year ended 31 December 2015. The bank reported an interest income of Rs. 78.1 billion whilst interest expenses marginally decreased by 2.8%. As a result the net interest income rose to Rs. 27.0 billion. NSB’s total deposit base grew by 7.5% to reach Rs. 595.8 billion while ordinary savings recorded an impressive growth of 15.4% reaching Rs. 163.4 billion. “I am delighted to be associated with the bank in this momentous year of growth, ” NSB Chairman Aswin De Silva said. “The achievement is significant as it is attributed largely to an organic growth representing ...