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 "Business Today".

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.