NDB, Lanka’s ‘Best Domestic Bank’ from Asiamoney Awards | Daily News


NDB, Lanka’s ‘Best Domestic Bank’ from Asiamoney Awards

   NDB, Lanka’s ‘Best Domestic Bank’ from Asiamoney Awards
Director/Group CEO Dimantha Seneviratne and Chairman Eshana De Silva

NDB – for the 2nd consecutive year - was awarded the title of Sri Lanka’s “Best Domestic Bank” by the prestigious Asiamoney Awards.

In its evaluation at the Asiamoney Best Bank Awards 2020, the magazine quoted “Sri Lanka’s banks have had a tough year [2019]… So it is all the more impressive that a number of contenders for this award kept their businesses growing. Of those, NDB Bank stood out as the best domestic bank in the country.”

As part of the Euromoney group, Asiamoney is considered among the most influential financial magazines and a leading authority on finance, banking, investment, and treasury in the Asia- Pacific region. The coveted Asiamoney awards identify different banks that have excelled across a range of core banking activities over the past 12 months in the Asia-Pacific region.

Asiamoney further stated “After surviving a rough time in 2019, NDB is well positioned to succeed as Sri Lanka’s economic growth picks up. The onus is on the banks to innovate in a way that meets customers’ needs and NDB has certainly been a leader on the digital front, with a realistic approach to tackling the challenges of implementing new technology.”

In addition to NDB Bank’s achievement, NDB Investment Bank, subsidiary of NDB, was also awarded with the title of “Best Corporate and Investment Bank Sri Lanka 2020”for the fourth consecutive year.

Commenting on the awards, Group Chief Executive Officer of NDB Dimantha Seneviratne said, “winning these awards for the second consecutive year by Asiamoney is a proud moment for us, and a testament to our ability to demonstrate growth, relative outperformance compared to peers and the ability to adapt to changing market conditions and client needs, especially in a turbulent economy.” “These awards reaffirm our dedication to support our clients and customers for their success.

 The strengths of NDB are showcased across the entirety of the corporate and investment banking operations.”

The Bank, which is the 4th largest listed commercial bank in Sri Lanka, is one of the fastest growing banks, having had a cumulative average growth rate (CAGR) in advances by 21% and in deposits by 25% in the last four years.

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