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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