NDB Bank among Top Ten in Lanka
NDB bank, one of the fasted growing commercial banks in Sri Lanka was
ranked eighth among the top 10 Sri Lankan Companies for the financial
year 2006 - 2007 recently chosen by the leading business magazine
Since 1979 NDB Bank has been one of the largest sources of medium and
long-term project finance for business in Sri Lanka. In 2001, NDB Bank
entered the commercial banking arena.
NDB Bank made its comeback resulting from an 84% growth in profits of
the NDB Group. Profits from core banking business contributed to the
healthy performances of the bank and Capital Gains to the tune of Rs.
1,016 million contributed to its exceptional increase in profits.
The Capital Gain was realized from the sale of Capital Investment and
Development Company a subsidiary of NDB, of part of its holding in NDB
Finance Lanka Ltd. the holding company of Eagle Insurance Co. Ltd. - to
Aviva International Holdings Ltd.
With long-term sustainable returns, the bank has done well in terms
of profitability and has a quality portfolio with the lowest
Non-Performing Loans in the industry among local banks.
The bank's low cost income ratio among local banks also reflects its
stability while the growth in its deposit mobilization demonstrates the
rapid expansion of its distribution network. NDB Bank is also well
capitalized with a strong balance sheet.
NDB Bank has the strength and diverse resources to offer its
customers a very wide-ranging portfolio of financial solutions including
funding for structured and corporate finance deals, project financing,
SME financing, retail banking, treasury, cash management services, trade
finance operations and advisory and services through a rapidly expanding
branch network, which currently consists of 40 branches.
The bank has developed a reputation for innovative banking products
and services that meets the real needs of its customers and offers a
wide range of commercial banking services which include, Current
Accounts, Call Deposits, Privilege Banking, Savings Accounts, Children's
savings, Vishmitha savings account with zero percent interest, Housing
Loans, Bancassuarance and Western Union Money Transfer Services.
These products and services are backed by efficient electronic
processing and multiple delivery channels, operated by teams of highly
experienced banking professionals, ATM's state of art Internet Banking
Services and Touch - Banking by phone.