National Development Bank PLC and its subsidiary company NDB Investment Bank Ltd. together clinched seven awards at the recently concluded Asian Banking and Finance Awards 2021, organised by the Asian Banking and Finance Magazine of Singapore. 

 

The awards programme was held under three categories, namely Retail Banking Awards, Wholesale Banking Awards and Corporate and Investment Banking Awards where the NDB Group outshone every other competitor.

Accordingly, NDB Bank won the pinnacle awards under the Retail Banking Category once again, namely Domestic Retail Bank of the Year 2021 for an impressive ninth

consecutive year. 

 

As NDB is one of the largest players in the SME and Micro Finance segments with dynamic financial and advisory solutions, the bank was also named the Best SME Bank of the Year, for the eighth consecutive year.

 

NDB Bank also stood out under the second category of Corporate & Investment Banking awards, winning Corporate Client initiative of the Year 2021- Sri Lanka for the third time together with Infrastructure Finance Deal of the Year 2021 - Sri Lanka. The bank’s Project Finance was once again awarded the Domestic Project Finance Bank of the Year award for the seventh consecutive year under the Wholesale Banking Awards category in addition to winning Domestic Cash Management Bank of the Year, for

the fifth time. 

 

NDB Bank’s subsidiary NDBIB also won Corporate & Investment Bank of the Year 2021- Sri Lanka for the third consecutive year.

 

Asian Banking and Finance Magazine of Singapore awards program is an independent and recognized awards program, with prior winners featuring banks such as DBS, CITI, HSBC, MayBank, top banks from China, etc.

from the region.

 

The judge board consisted of John Dovaston, Asia Pacific Financial Services Leader – PwC, Nam Soon Liew, Regional Managing Partner, ASEAN - Ernst & Young, Kok-Yong Ho - Leader, Financial Services Industry, Southeast Asia & Singapore – Deloitte and Anton Ruddenklau - Partner, Head of Financial Services Advisory Global Co-Leader, Fintech - KPMG International.

 

NDB operates around the island via 113 branches, with a significant digital footprint and a network of over 150 ATM/CRMs together with Bank2U (Branchless Banking) offerings made available at over 70 branches.