National Development Bank PLC was recently named among the ‘10 Most Admired Companies in Sri Lanka’ for the 2019/2020 financial years.
Open to both listed and unlisted companies, the Most Admired Company Awards by ICCSL AND CIMA recognise entities that stand out above the rest in terms of their financial performance and the value they create for their shareholders, customers, employees, and the wider community in general. NDB Bank was thus recognised for the Bank’s unwavering commitment towards all its stakeholders as well as the NDB’s competence in consistently generating returns, gaining strategic initiatives and serving markets.
Reflecting on this award, NDB Bank Director/Group Chief Executive Officer Dimantha Seneviratne said “NDB is quite privileged to be listed as one of the Top 10 Most Admired Companies in Sri Lanka that goes well with our ethos in sustainable Banking providing customer centric solutions to our valued clientele.”
As per the awarding body, “the companies within the top 10 are those that inspire other organisations and entrepreneurs. They have proven their mettle with consistency, authority and sustainable growth, creating excellent business performance.”
“A public survey was circulated requesting participants to vote for companies that they admire on a few selected criteria. These awards are for those who have established themselves as being excellent in business performance and across a number of other discrete performance criteria. The companies bestowed with the Top 10 Rankings are those that enjoy the strongest reputations and inspire other organisations and entrepreneurs,” they continued.
This recognition for NDB comes in the light of NDB being recognised as the “Bank of the Year, Sri Lanka” by the prestigious The Banker Magazine, UK, “Best Domestic Bank in Sri Lanka for 2020” by Asiamoney Magazine as well as the only domestic bank in Sri Lanka to be crowned the “Best Consumer Digital Bank Sri Lanka 2020” under the Global Finance World's Best Digital Bank Awards 2020 program for the second consecutive year. Earlier this year, NDB was also chosen as the “Best Islamic Bank in Sri Lanka 2020”, by The Banker Magazine UK.
The Bank, which is the 4th largest listed bank in Sri Lanka, is one of the fastest growing banks, having had a cumulative average growth rate (CAGR) in advances by 21% and in deposits by 25% in the last four years. The only financial service conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan capital market to provide its customers seamless access to the product and service offerings of all its group companies.