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NDB Bank's outlook positive as a new Sri Lanka emerges

As the nation marks the first anniversary of the end of the conflict, NDB Bank continues to remain steadfast in its quest to partner Sri Lanka's future growth and prosperity.

The Bank's corporate mission 'to be dominant in the financial services sector, creating superior long-term shareholder value and contributing to economic development in Sri Lanka...' remains true to its roots even today, as the Bank stays committed to fulfill its mission towards the nation, while creating long and lasting relationships with its stakeholders. Testament to this stance, are its 45 branches that form its ever expanding network offering superior service and convenience.

Encouraging Entrepreneurs and the SMEs

NDB Bank offers medium to long-term infrastructure and project financing facilities, structured on cash-flows. The full range of commercial banking and trade finance products at competitive rates and terms, with the added value of expertise from a highly qualified team.

With the firm belief that an entrepreneurial culture is essential for the sustainable development of a nation, NDB Bank pioneered project lending and SME financing in Sri Lanka. Over the years the bank has financially supported over 35,000 ventures and created more than 500,000 employment opportunities. The bank's commitment towards the SME sector is thus aimed at encouraging entrepreneurs to accomplish their goals and contribute towards the development of the nation.

Today, NDB Bank's SME operations cater to the varying needs of the sector with emphasis on a customer focused and cash flow focused lending approach. Further, the Bank enhanced its position over the last two quarters as one of Sri Lanka's premier financial institutions serving SMEs by extending its presence to the Northern and Eastern Provinces with the opening up of five new branches.

With these branches, the Bank will focus on serving SME sectors such as fisheries, manufacturing, hotels & tourism, agriculture, commercial transportation and trading, with a view to rebuilding the communities, infrastructure and industries in addition to stimulating post-war economic activity. The Bank's advisory services aim to encourage and build a culture of entrepreneurship as it firmly believes that such a culture is essential for the sustainable development of the nation.

In addition to its financing activities, the Bank has also conducted capacity building programmes in many areas of the country, on the subjects of book keeping, finance and account maintenance, management skills, project start-up and related activity, project funding and SME financing awareness to name a few.

The bank believes that such initiatives will spur entrepreneurs, and enable them to create opportunities not just for themselves but for others whilst developing the 'doing business' environment of Sri Lanka.

Infrastructure Development and Project Lending

With business / investor confidence levels building up gradually post conflict, there is an immediate need for substantial investments in development and infrastructure related projects and enterprises. Riding on such positive sentiments, the Bank has also geared itself to seek out such opportunities that are emerging not only in the North and East, but also across the rest of the country with a view to acting as commercially viable development financier to the nation.

In line with this strategy, NDB Bank has already financed some of the key private sector development projects in the first quarter of 2010.

The bank's recent involvement in co-financing Sri Lanka's first commercial Wind Power Park in Mampuri, Puttalam is just one example of its continued commitment towards Sri Lanka, to evolve into a thriving developed state. Further, the Bank is presently in the process of negotiating several deals for financing development related industrial projects and enterprises.

Partnering Customers in Each Phase of Life

NDB Bank offers its customers a wide array of products and services, tailor-made to suit customer requirements. Accompanying an individual through each phase of his or her life, thereby providing a safety-net for his / her family, future plans and subsequent retirement. From retail banking products to stock broking, insurance, wealth management and investment Banking, NDB Bank is a multi point single outlet for its customer's every financial need.

NDB Children's Savings scheme allows parents to teach their little ones the savings habit at an early age. With the intention of encouraging and fostering savings habits among its customers, the bank also offers a range of personal savings accounts with diverse benefits to maximize savings. With exciting rewards as an incentive for children and special offers, gifts and attractive interest rates for adults, the Bank hopes to help one save for the future, rewarding the customers and adding value to their lives; helping them to save today for a better tomorrow.

The Bank also offers financial support to enable customers to reach their life's many ambitions. From Education Loans for students interested in pursuing higher studies at local or overseas institutions, to Home Loans for those who wish to build their dream home. Further, personal loans are available for customers to meet their other financial requirements. The bank believes that these will help customers to uplift their living standards and help customers achieve their aspirations.

Understanding that loved ones overseas need to connect with their families in Sri Lanka, NDB also offers the Western Union Money Transfer service, enabling the speedy and reliable transfer of money across the globe. Western Union Money Transfer services are available at NDB Bank branches island-wide and are easily accessible through all NDB Bank Western Union registered partner outlets.

Ultimate Convenience and Flexibility

Offering total convenience, NDB Bank's VISA Debit Card for customers gives them the flexibility to carry the account destination of their choice. The NDB Visa Debit Card enables customers to access their account through over 1,000 VISA ATM's island-wide and make purchases at over 20 million merchant points and at over 1 Million ATM's across the world. In addition NDB Bank's free Internet Banking service and 24-hour Call Centre is also available to registered customers.

A True World-Class Sri Lankan Bank

Today, the NDB Group has regional operations in Maldives and Bangladesh. As part of the NDB Group, its customers have access to the full range of banking and financial services, including retail banking, corporate banking, project finance, SME lending, investment banking, stockbroking, insurance solutions and wealth management through a growing island-wide branch network, making NDB a truly universal bank.

The Bank's AA (lka) rating by Fitch Ratings Lanka, is amongst the best in the industry and reflects NDB Bank's strong financial profile in terms of its capital base, profitability and asset quality. Maintaining the highest standards of competence and probity, NDB Bank is firmly on track to achieve its cherished vision - to be a World Class Sri Lankan Bank.

 

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