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.

Contributing factors towards NDB Bank’s ranking was based on the bank’s strong fundamentals, competitive strengths and diversified businesses within the Group. The profit of the Bank alone increased by 34% over the profits in the previous year.

Despite the significant growth in the Loan portfolio in all the sectors, NDB Bank contained its Non Performing Loans (NPL) ratio to an all time low of 1.41% which is one of the lowest in the industry.

Speaking at the Top 20 Awards Presentation held recently, Chief Executive Officer of NDB Bank, Mr. Russell De Mel said, “We are deeply honored that NDB is yet again recognized as one of Sri Lanka’s Top 20 Corporates by Business Today.

When the war ended 2 ½ yeas ago, the expectation was that hostilities would also end. There are many programmes that are still being launched to help this cause.
However we at NDB felt a need to first develop a sense of belief within the communities by building bridges of trust.

We also felt the need to focus attention on the youth of Sri Lanka, particularly of the North and East. And the need to demonstrate to them that in fact there is a society that respects them and cares for them.

NDB Jeevana Livelihood Programme was launched by our staff and we teamed up with industry leaders in different sectors to provide a source of livelihood to the youth of these areas.

This is our philosophy in banking where we make our clientele believe in us. And I dedicate this accolade to my valued team members who practice this philosophy. Mr. de Mel added.

NDB Bank is one of the largest capitalised banks in Sri Lanka, offering a wide range of commercial banking services through its growing branch network. NDB Group has regional operations in Maldives and Bangladesh while as part of the NDB Group, the Bank offers its customers access to a full range of financial services that include project finance, corporate banking, SME lending, retail banking, investment banking, stock brokering, wealth management and insurance solutions under one roof, making NDB a truly universal bank.