NDB soars 9 ranks to 12th position at Business Today Top 40 ranking

President Ranil Wickremesinghe presents NDB Bank Director/Chief Executive Officer Dimantha Seneviratne with Business Today award

National Development Bank PLC (NDB) achieved a remarkable milestone by securing the 12th position in the Business Today Top 40 ranking for the financial year 2021/2022. 
This prestigious recognition was announced recently, during an awards ceremony. This achievement is all the more impressive, considering that NDB only ranked 21st in the 2020/2021 Awards, highlighting the significant progress the bank has made in just a year.

The Business Today Top 40 corporate ranking is an eagerly awaited annual index that acknowledges the country’s leading corporate performers, who have exhibited remarkable financial performance during the year in review. The financial year 2021/22 posed significant challenges for corporations, given the steep socio-political and economic hurdles coupled with the persistent effects of the COVID-19 pandemic. The participating corporates underwent a rigorous evaluation of their growth and profitability while demonstrating unwavering resilience, passion and dedication amidst the many adversities of the year.

NDB was swift in responding to the rapidly evolving external environment, demonstrating its characteristic agility, which is attributed to its talented team, streamlined processes and advanced digital and technological capabilities. These attributes allowed NDB to mitigate the effects of external shocks and generate significant value for all stakeholders. Moreover, NDB has consistently maintained one of the highest growth rates for total assets, gross loans and deposits in the banking sector over the last six years, underlining its potential for sustainable growth in the long run.

NDB’s impressive achievement is also attributed to its sustained efforts to drive its digital strategy through its flagship digital offering, NBD NEOS. The recent enhancements introduced to the NDB NEOS platform are industry-firsts, enabling customers to open accounts, perform fund transfers, pay bills and more, all within a single application, regardless of their location. These advancements have earned NDB commendation from Business Today as a pioneer in several digital solutions, accelerating digitalisation to improve customer service, reduce complexity and optimise the operating model in an altered landscape.

Moreover, NDB has strategically invested in several programmes promoting women’s empowerment, environmental conservation and biodiversity restoration and other sustainability initiatives, which have significantly contributed to the bank’s commendable performance and continued growth.
It is important to recognise that NDB’s success is largely due to the unwavering support and trust of its customers and stakeholders. NDB highly values this trust and confidence and strives to provide superior services that ensure a rewarding experience for all.