NDB Bank's outlook positive as a new Sri Lanka emerges
As the nation marks the first anniversary of the end of the conflict,
NDB Bank continues to remain steadfast in its quest to partner Sri
Lanka's future growth and prosperity.
The Bank's corporate mission 'to be dominant in the financial
services sector, creating superior long-term shareholder value and
contributing to economic development in Sri Lanka...' remains true to
its roots even today, as the Bank stays committed to fulfill its mission
towards the nation, while creating long and lasting relationships with
its stakeholders. Testament to this stance, are its 45 branches that
form its ever expanding network offering superior service and
Encouraging Entrepreneurs and the SMEs
NDB Bank offers medium to long-term infrastructure and project
financing facilities, structured on cash-flows. The full range of
commercial banking and trade finance products at competitive rates and
terms, with the added value of expertise from a highly qualified team.
With the firm belief that an entrepreneurial culture is essential for
the sustainable development of a nation, NDB Bank pioneered project
lending and SME financing in Sri Lanka. Over the years the bank has
financially supported over 35,000 ventures and created more than 500,000
employment opportunities. The bank's commitment towards the SME sector
is thus aimed at encouraging entrepreneurs to accomplish their goals and
contribute towards the development of the nation.
Today, NDB Bank's SME operations cater to the varying needs of the
sector with emphasis on a customer focused and cash flow focused lending
approach. Further, the Bank enhanced its position over the last two
quarters as one of Sri Lanka's premier financial institutions serving
SMEs by extending its presence to the Northern and Eastern Provinces
with the opening up of five new branches.
With these branches, the Bank will focus on serving SME sectors such
as fisheries, manufacturing, hotels & tourism, agriculture, commercial
transportation and trading, with a view to rebuilding the communities,
infrastructure and industries in addition to stimulating post-war
economic activity. The Bank's advisory services aim to encourage and
build a culture of entrepreneurship as it firmly believes that such a
culture is essential for the sustainable development of the nation.
In addition to its financing activities, the Bank has also conducted
capacity building programmes in many areas of the country, on the
subjects of book keeping, finance and account maintenance, management
skills, project start-up and related activity, project funding and SME
financing awareness to name a few.
The bank believes that such initiatives will spur entrepreneurs, and
enable them to create opportunities not just for themselves but for
others whilst developing the 'doing business' environment of Sri Lanka.
Infrastructure Development and Project Lending
With business / investor confidence levels building up gradually post
conflict, there is an immediate need for substantial investments in
development and infrastructure related projects and enterprises. Riding
on such positive sentiments, the Bank has also geared itself to seek out
such opportunities that are emerging not only in the North and East, but
also across the rest of the country with a view to acting as
commercially viable development financier to the nation.
In line with this strategy, NDB Bank has already financed some of the
key private sector development projects in the first quarter of 2010.
The bank's recent involvement in co-financing Sri Lanka's first
commercial Wind Power Park in Mampuri, Puttalam is just one example of
its continued commitment towards Sri Lanka, to evolve into a thriving
developed state. Further, the Bank is presently in the process of
negotiating several deals for financing development related industrial
projects and enterprises.
Partnering Customers in Each Phase of Life
NDB Bank offers its customers a wide array of products and services,
tailor-made to suit customer requirements. Accompanying an individual
through each phase of his or her life, thereby providing a safety-net
for his / her family, future plans and subsequent retirement. From
retail banking products to stock broking, insurance, wealth management
and investment Banking, NDB Bank is a multi point single outlet for its
customer's every financial need.
NDB Children's Savings scheme allows parents to teach their little
ones the savings habit at an early age. With the intention of
encouraging and fostering savings habits among its customers, the bank
also offers a range of personal savings accounts with diverse benefits
to maximize savings. With exciting rewards as an incentive for children
and special offers, gifts and attractive interest rates for adults, the
Bank hopes to help one save for the future, rewarding the customers and
adding value to their lives; helping them to save today for a better
The Bank also offers financial support to enable customers to reach
their life's many ambitions. From Education Loans for students
interested in pursuing higher studies at local or overseas institutions,
to Home Loans for those who wish to build their dream home. Further,
personal loans are available for customers to meet their other financial
requirements. The bank believes that these will help customers to uplift
their living standards and help customers achieve their aspirations.
Understanding that loved ones overseas need to connect with their
families in Sri Lanka, NDB also offers the Western Union Money Transfer
service, enabling the speedy and reliable transfer of money across the
globe. Western Union Money Transfer services are available at NDB Bank
branches island-wide and are easily accessible through all NDB Bank
Western Union registered partner outlets.
Ultimate Convenience and Flexibility
Offering total convenience, NDB Bank's VISA Debit Card for customers
gives them the flexibility to carry the account destination of their
choice. The NDB Visa Debit Card enables customers to access their
account through over 1,000 VISA ATM's island-wide and make purchases at
over 20 million merchant points and at over 1 Million ATM's across the
world. In addition NDB Bank's free Internet Banking service and 24-hour
Call Centre is also available to registered customers.
A True World-Class Sri Lankan Bank
Today, the NDB Group has regional operations in Maldives and
Bangladesh. As part of the NDB Group, its customers have access to the
full range of banking and financial services, including retail banking,
corporate banking, project finance, SME lending, investment banking,
stockbroking, insurance solutions and wealth management through a
growing island-wide branch network, making NDB a truly universal bank.
The Bank's AA (lka) rating by Fitch Ratings Lanka, is amongst the
best in the industry and reflects NDB Bank's strong financial profile in
terms of its capital base, profitability and asset quality. Maintaining
the highest standards of competence and probity, NDB Bank is firmly on
track to achieve its cherished vision - to be a World Class Sri Lankan