Ndb Wins Gold At National Business Excellence Awards

29 December 2014 04:30 am Views - 1970

NDB was conferred two prestigious awards at the recently concluded National Business ExcellenceAwards (NBEA) 2014.NDB won the ‘Gold Award for Business Excellence’ in the Banking sector, marking a significant leap from the previous years’ runner- up position. The Bank also won Silver (runner-up) award for ‘Excellence in Performance Management’ in the criteria category awards.Commenting on the awards NDB’s Chief Executive Officer Rajendra Theagarajah said, “We are delighted and honoured with these prestigious awards that reaffirm NDB’s steady business position in the industry.


Today, NDB takes pride in a sound capital base, a well- diversified and growing asset portfolio, best-in-industry NonPerforming Loans (NPL) ratio and a team of professionals capable of supporting the emerging needs of a growing Sri Lanka. Year 2014 has been a triumphant year for NDB allround; fortified by such success and recognition we will continue to make headway in the industry with focus on size and scale of our operations– with the aim to propel Sri Lanka’s next phase of development to new and exciting heights.”


NDB has made giant strides in the financial services industry within a relatively short period of time. With its roots embedded in development finance, NDB has played a catalytic role in the economic growth of Sri Lanka for over three decades. It has successfully transformed into a fully-fledged financial services conglomerate, while keeping intact its core competencies in development banking, SME empowerment and knowledge dissemination. The bank’s Retail banking business has shown swift growth over a brief period of 8 years seizing substantial market share in terms of consumer deposits, loans and other fee based products. In 2014, the bank introduced seven new products designed to serve the growing needs of its retail banking clientele.



NDB’s unique group structure positions it as a knowledge hub, powerfully held together by its unique human capital. On one hand the bank leverages on its experience in the core banking functions to provide best in class, customised solutions to a wide clientele. On the other hand, NDB Group’s robust capital markets cluster that comprise Investment Banking, Stock broking, Wealth Management and Private Equity arms infuses the core banking activity with novel financial solutions and advisory services to provide a complete financial package to its clients.