On Target

NDB Banks post tax profits surged 46 percent for the first six months of 2003 and said it was on target to merge with National Development Bank (NDB) by the end of this year.
rnrnrnrnrnrnFinancial Highlights for the six months ending June 30rnrnrnrnrn

The long-awaited mergerrnwith its parent NDB is now awaiting a firm nod from parliament and shareholders,rnthe bank said in a statement on Thursday.

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Post-tax profits for thernfirst six months topped Rs. 70.053 mn from Rs. 47.89 mn in 2002, while netrnincome surged 69 percent to Rs. 393.89 mn.

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Director/CEO EranrnWickramaratne says the bank is on track for