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NDBs first ever Investor Forum draws striking response from market experts
NDB conducted its first ever Investor Forum on Monday, amidst more than 100 participants representing the investment community of Sri Lanka. Leading stockbrokers, financial analysts, venture capitalists and investment advisors were among the distinguished addressees at the well-attended event.
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Investing in a heritage of craftsmanship: NDB conducts workshop for Mask makers in Ambalangoda
NDB conducted a special workshop for entrepreneurs in the mask making industry in Ambalangoda. The workshop held in collaboration with the National Design Centre, National Craft Council, Export Development Board (EDB), Lakpahana and Laksala focused on providing the traditional mask makers with market insight and contemporary business know-how in a bid to empower them to take the sluggish industry into new heights. The event attracted over 50 mask industrialists from the area. A colorful range of skilled creations of masks were also on display at the workshop for potential buyers such as Laksala and Lakpahana that attended the event.
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NDB fuels the growth of Sri Lankan Tea industry
Tea is the largest agrarian industry in Sri Lanka contributing up to 2% of the country’s GDP while providing direct and indirect employment to more than 2 million people or nearly 10% of the population. At present, more than 40 tea growing nations compete for market share in a highly capricious global tea industry where China and India are some of the giant producers while Sri Lanka and Kenya lead the export tea market to meet the global black tea demand.
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NDB supports Tourism Development projects worth Rs. 1.9 Billion
Following the restoration of peace in 2009, most sectors of the Sri Lankan economy started reviving rapidly indicating unprecedented boom and exciting growth potential. Tourism industry is one such industry that thrives on the peaceful situation of the country. With Sri Lanka recording its one millionth tourist recently, the tourist industry seems to hold much promise and potential for growth this year.
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NDB and University of Moratuwa continues to empower young entrepreneurs in Sri Lanka
National Development Bank PLC (NDB) together with the University of Moratuwa announced the appointment of Dr. Nishantha Nanayakkara as the new ‘NDB Endowed Senior Fellow in Entrepreneurship’ in a pledge to continue their partnership for development of entrepreneurship in the country.
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NDB REPORTS STRONG PERFORMANCE
NDB's performance for the nine months ended September 30, 2012 indicates a strong growth momentum.The Net Profit after Tax of Rs 2,342 million for the period show an increase of Rs 804 million (52 percent) compared to the prior year corresponding period.The impressive performance during the period results from the continued focus on achieving a number of main objectives, including re-focusing our business and pursuing a growth agenda.
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Rewarding the prudence of 'Real Savers' - Another ground-breaking Savings Concept from NDB
NDB announced the launch of "Real Saver", a unique new savings proposition that encourages the regular savers to stay true to the age old virtue of everyday prudence. NDB's launch of "Real Saver" account that suitably coincides with the World Thrift Month, recognises and rewards the real savers who understand the true meaning of saving and adapt it to their lifestyle.
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NDB Makes Significant Capital Gains – Poised for Investment and Growth
In keeping with its strategic rearrangement of investments within the Group pursuant to Aviva’s decision to exit Aviva NDB Insurance (ANI), NDB Group has entered into a Share Sale and Purchase Agreement with American International Assurance Company Limited (AIA) of Hong Kong,
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NDB HELPS TO DEVELOP SKILLS OF ENGLISH LANGUAGE TEACHERS IN THE NORTH WESTERN PROVINCE.
As a responsible corporate citizen, NDB has dedicated itself towards making meaningful benefactions to the society through its Strategic Corporate Responsibility initiatives that uplift and empower the future generation of Sri Lanka.
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NDB SUPPORTS SMEs IN KURUNEGALA WITH A STATE-OF-THE-ART CUSTOMER SERVICE CENTRE
Expert SME Banking Products and Advisory Services under One Roof
NDB reopened its SME Centre in Kurunegala equipped with improved facilities and technological enhancements.
NDB’s SME Centre is designed around a unique concept which aims to educate, empower and enrich the entrepreneurs of the region. It will be a one stop shop for the diverse needs of today’s entrepreneurs and will provide 360 degree solutions; from financial expertise on SME Banking services,
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NDB REPORTS SIGNFICANT PROFIT GROWTH DURING THE FIRST HALF OF 2012
The NDB Group has delivered yet another strong performance for the 1st half year of 2012 recording a commendable Profit after Tax of Rs 1,362 million to its shareholders, which is an increase of 36 percent compared to the previous year. The Chairman of the Bank Mr. Hemaka Amarasuriya stated that “the impressive results are attributable to the Bank’s overall strong position and the continued focus on providing solid returns and dividends to our shareholders.
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NDB Wins Silver for Best HR Practices in Sri Lanka
NDB was presented the HR Masters Silver Award at the HRM Awards 2012 conducted by the Association of Human Resource Professionals (HRP) in Sri Lanka. HRM Awards is the flagship event of the HRP Association, which accolades the nation’s best HR practices while assessing, recognising and felicitating the best HRM systems and processes in Sri Lankan organizations.
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NDB Awarded International Accolade for Brand
NDB was presented the Award for Brand Excellence in Banking and Financial Services category at the CMO Asia Awards held recently in Singapore.
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NDB’s Annual Report 2011 – Ranked high amongst the best in the world
NDB’s Annual Report 2011 gained noteworthy global acclaim being ranked amongst the world’s Top 100 as well as Asia Pacific’s Top 50 whilst winning two Platinum awards and one Gold award at the Vision Awards 2011 conducted by the League of American Communications Professionals (LACP).
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NDB ‘Jeevana’ youth empowerment initiative continues to enhance hospitality trade – 3rd Batch of students graduate in Tangalle
The third batch of 23 students, trained in Hotel Operations under “Jeevana” Livelihood Development Scheme, promoted by NDB, passed out at a ceremony held in Tangalle on Tuesday, 9th July 2012. Member of Parliament, Hon. Namal Rajapaksa, was the chief guest at the ceremony.
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World Finance Awards NDB “Best Commercial Bank in Sri Lanka”
The UK based World Finance magazine rated NDB as the ‘Best Commercial Bank’ in Sri Lanka. World Finance is a highly acclaimed international business journal that is renowned globally for its accuracy, credibility and wide readership. The prestigious accolade was awarded in recognition of the Bank’s commitment to continued excellence and superior service to its customers.
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NDB expands its branch presence to Nawalapitiya
NDB opened its latest branch amidst the peaks of Nawalapitiya, offering a wide array of financial services to the people of the area. With the opening of this branch, NDB’s network now extends to 66 branches across the island.
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NDB continues to revolutionize Sri Lanka’s vehicle financing arena
NDB has yet again transformed the country’s vehicle financing platform by extending its unique leasing facility with no guarantors and down payments, to enable the financing of registered vehicles. This special financing scheme for registered vehicles will grant a distinctive opportunity for growing enterprises and aspiring individuals to drive away with their own vehicle with ease.
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NDB Reports Strong Financial Results in the First Quarter 2012 .
NDB reported strong financial results for the first quarter ended March 31, 2012 and has made significant progress during the period. The Banking Revenue for the quarter was Rs 2,064 million, an increase of Rs 611 million, or 42 percent, over the same period in 2011. The Profit After Tax during the quarter increased by Rs 506 million, or 115 percent compared to the same period in the prior year.
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NDB extends its financial expertise to the town of Kaduruwela .
NDB opened its latest branch, offering a wide range of financial services and solutions to the people of Kaduruwela. The commitment to continuously expand NDB’s branch network across many cities and towns, is re-iterated with the opening of this 65th branch.
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NDB and United Motors Lanka PLC join hands.
National Development Bank PLC (NDB) recently partnered with United Motors Lanka PLC to offer leasing facilities for Mitsubishi Fuso commercial vehicles.
NDB Leasing can be obtained with the unique benefit of not requiring guarantors or down payments. Further, the processing of the facility is done in one day, enabling customers to drive away with their preferred Mitsubishi Fuso truck. Customers can pay from as low as Rs. 2164 per month with VAT for every Rs.100,000 /- obtained while the lease could go on to as much as 6 years.
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NDB Group profits increase by 35% to Rs. 2.9 billion
The NDB Group’s Profit After Tax for the year was Rs 2.94 bn, an impressive growth of 35% over the previous year. The Profit Attributable to Shareholders for the year was 2.70 bn and compares with Rs 2.1 bn for 2010, a growth of 29%. This significant increase in group profits was attributable to the growth in the core banking income of NDB by 13% over the previous year and the improved performance of the fee based group companies.
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Asia Pacific Entrepreneurship Awards (APEA)
Asia Pacific Entrepreneurship Awards (APEA) – Asia’s most prestigious awards for entrepreneurs was held for the first time in Sri Lanka at a gala event at Hilton Colombo on Sunday 12th February 2012. The event was organized by Enterprise Asia, in Association with Sri Lanka Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce.
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NDB geared for development in Hambantota
National Development Bank PLC (NDB) in keeping with the development plans taking place in the South opened its newest branch in Hambantota over the weekend. The opening of the NDB branch in Hambantota reiterates the Bank’s commitment to developing the area which is geared to become a commercial hub in the Southern Province.
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NDB Bank continues to be in the Exclusive Ranks of the Business Today Top 20
NDB Bank was once again positioned in the prestigious Business Today Top Twenty Awards ranking which recognizes the cream of Sri Lankan corporates for their exceptional performance throughout the past year. These highly acclaimed corporate awards are carried out strictly based on published financial information and other indicators of companies listed on the Colombo Stock Exchange for the year 2010/2011.
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NDB Bank opens its 60th branch in Nittambuwa
NDB Bank enters the town of Nittambuwa reaching a milestone 60 branches by the end of 2011. The Bank will spearhead its expansion programme throughout next year, propelling financial inclusion in many cities and towns.
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NDB Bank wins for the second consecutive year at National Business Excellence Awards 2011
NDB Bank emerged the proud recipient of an award presented at the prestigious National Business Excellence Awards, for the second consecutive year proving the Bank’s continued dedication towards remaining a financial institution that delivers innovative solutions with 'best in industry' service. NDB Bank was awarded Runner’s Up under Banking & Financial Sector’ at the recently held ceremony.
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NDB Bank opens its Borella Branch with Saturday Banking
NDB Bank extends its reach to the city of Borella, on an aggressive expansion program in an effort to reach out to communities across the country. With the opening of the Borella branch, NDB Bank increases its network to 58 branches.
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NDB Bank’s Profit After Tax up by 32% for the 9 months ended 30 September 2011
NDB Bank’s core banking profits increased by 19% over the corresponding period last year. A commendable performance , despite the pressure on interest margins & the re-pricing effect on investments in the Government Securities portfolio. These have largely been offset by the impressive growth in the Bank’s lending portfolio by 31% and the deposits mobilized by 23% during the 9 month period, which infact are ahead of the industry growth rates . The marked to market loss of Rs 46 mn as compared with an income of Rs 301 mn last year on its quoted equity portfolio restricted NDB Bank’s profit after Tax increase to 32%.
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NDB Bank extends its services to Gampola
NDB Bank on expansion drive to reach Sri Lankan’s across the country
NDB Bank recently opened its newest branch in Gampola, in a bid to extend their reach to all parts of the country. The branch was ceremoniously opened by the Chairman of NDB Bank Mr. Hemaka Amarasuriya. With the opening of the Gampola branch, NDB Bank will increase its network of to 56.
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DEG provides a USD 21 Million Loan Facility to NDB Bank to strengthen the SME sector.
NDB Bank receives a long term loan facility amounting to USD 21,000,000 from DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH, Germany, to support NDB Bank’s long term commitment to finance the SME sector in Sri Lanka.
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Rattharan Savings’, another first by NDB Bank!
Another first in the history of banking, NDB Bank introduced its breakthrough ‘Rattharan Savings’ product across the country. The pioneering product offers a unique feature in which customers can reserve gold at today’s price and obtain gold for the future.
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NDB Group signs an MOU with Singapore’s DBS Bank
NDB Group signed an MOU with Singapore’s DBS Bank, to form a strategic alliance in Investment Banking. Through this MOU, NDB Group and DBS Bank would work on Equity and Fixed Income Issuances, Syndications, Project Financing and Mergers & Acquisitions.
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NDB Bank opens latest branch in Pilimathalawa
Divi Aruna SME Loan Scheme introduced to the small and medium term businessmen in the area
NDB Bank recently opened its new branch in Pilimathalawa expanding its branch network further interior in the hill country
With this opening, the NDB Bank branch network has now increased to 55.
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