NDB’s ‘Jayagamu Sri Lanka’ promises path of recovery and growth from COVID-19 pandemic

As a timely solution to boost the local economy and to financially stabilise the nation as a whole amidst the COVID-19 pandemic, NDB proudly launched ‘NDB Jayagamu Sri Lanka’ – a platform to lend support to Small and Medium Scale Enterprises (SMEs), emerging exporters, aspiring entrepreneurs and enthusiastic innovators of Sri Lanka. 

Launched with a vision to drive trade and boost economic activity and establish normalcy in the country, the NDB Jayagamu Sri Lanka initiative offers an extensive range of financial and non-financial services to ease and enhance overall business activity. The initiative has been well accepted by loyal patrons and the general public as a platform that offered a helping hand to many local businesses, helping them develop their livelihood, which in turn lifts local economic activity and trade.  

As we know, COVID-19 has disrupted businesses and industries of all sizes in Sri Lanka and across the globe causing ongoing uncertainty. However, Sri Lanka’s economic revival greatly depends on the exporters, investors and inventors who are the key drivers to restart economic activity with new opportunities created by the global supply chain disruption. NDB’s novel support service NDB Jayagamu Sri Lanka delivers its promise by supporting such entrepreneurs and businesses to capture such opportunities and gradually build the Sri Lankan economy. 

The initiative provides with financial assistance for Sri Lankan exporters in the form of working capital finance to meet the funding requirements of exporters along with facilities such as pre and post-export finance and other trade-related facilities (bank guarantee, letters of credit revolving STLs, FOREX facilities, etc.).

Capital Expenditure financing is also offered with concessionary lending rates, funding based on higher LTV on immovable/movable security, funding on acceptable personal guarantees or SLECIC Guarantee, a 25% waiver on all bank charges, approval within seven working days and obtaining of buyer ratings through NDB Bank from internationally recognised organisations as well as free first shipment with Cargo Insurance Cover up to $ 30,000 (with conditions applied).

NDB Jayagamu Sri Lanka’s non-financial assistance offers businesses with advisory services such as assistance in finding export markets through the Export Development Board (EDB), Sri Lanka Export Credit Insurance Corporation (SLECIC), Chamber of Commerce, Daraz and Code 360.com and trade desk to facilitate exporters. NDB will also assist in facilitating links between prospective clients and local trades to obtain services at discounted prices. 

In addition to this wide variety of services, NDB also offers a comprehensive Enterprise Resource Planning (ERP) solution to its clients which assists in stock and debtor management, payroll management, cash flow management and other essential accounting functions for SME clients using British qualified advisors. Besides, NDB has also arranged a host of non-financial assistance; including assistance for business registration, patent registration, advisory services on accounting, and legal matters through bank’s expertise. 

NDB’s Jayagamu Sri Lanka functions with a mission to fill the vacuum caused by the pandemic by empowering aspiring entrepreneurs, exporters and innovators who are key to steer the country on a new path of recovery and growth.

As a leading bank offering innovative and inspiring financial solutions to all its customers, NDB Jayagamu Sri Lanka is a timely solution that meets and exceeds the needs of its customers and the local economy. With a vision to build a financially empowered nation with booming businesses and dynamic trade activities, NDB has been a front runner and a pioneer in delivering efficient, effective and enhanced solutions, services and banking experiences to all its loyal patrons. Its deep-rooted core values drive constant excellence and its longstanding clientele stands as a testament to the bank’s determined growth and success over the years.