NSB Fund Management Co. Ltd, a fully owned subsidiary of the National Savings Bank (NSB), showcased remarkable financial growth in the first half of 2024. The company reported a Profit Before Tax (PBT) of Rs. 15.0 billion, a substantial improvement compared to last year’s Profit After Tax (PAT) of Rs. 7.21 billion.

This achievement is attributed to strategic financial management, operational efficiency, and enhanced customer service. A notable boost in net interest income was driven by optimized treasury operations and strong liquidity management. Additionally, fee and commission income surged by 55%, fueled by increased card fees, mobile app transactions, and internet banking usage.

The company's asset quality also improved, supported by economic recovery and declining interest rates. This enabled borrowers to resume loan repayments and strengthened recovery actions. NSB Fund Management paid Rs. 11.2 billion in taxes during the first half, reflecting its economic contribution.

The company's robust performance underscores its resilience and strategic focus, maintaining stability despite challenging economic conditions. These results position NSB Fund Management as a key player in the financial sector for 2024.