NDB Bank once again named among ‘Top 10 Most Admired Companies’ in Sri Lanka

National Development Bank PLC was recently named among the ‘10 Most Admired Companies in Sri Lanka’ for the 2020/2021 financial year.

Open to both listed and unlisted companies, the Most Admired Company Awards by ICCSL AND CIMA recognises 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 among the Top 10 due to the bank’s resilience during a year that challenged even the strongest of organisations. Accordingly, the awarding bodies stated: “These companies that came up on top and are recognised, not just for their financial performance, but also the value they create for their shareholders, customers, employees and the wider community in general,” adding, “These companies inspire other organisations and entrepreneurs. They have proven their mettle with consistency, authority and sustainable growth, creating excellent business performance.”

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: “We are honoured to be listed as one of the Top 10 Most Admired Companies in Sri Lanka for the second consecutive year, especially during these turbulent times and we thank the elite judges for a very thorough evaluation process. The bank’s new brand positioning ‘The Future is Banking on Us’ coupled with our service credo will continue to redefine business and personal finances for the convenience of our customers.”

The Most Admired Companies are selected under stringent evaluation based on globally accepted criteria by a distinguished panel of judges. These awards were open for companies that have been in business for over five years as of 30 June, had 30% or more Sri Lankan ownership and were also open to both listed and unlisted companies in Sri Lanka.

The esteemed panel of judges, chaired by Ravi Abeysuriya, consisted of Hajar Alafifi, Rolf Blaser, Sunil Dissanayake, Varuni Amunugama Fernando, Santosh Menon, Faizal Salieh, Dr. Sulochana Sigera and Deepal Sooriyaarachchi.

Fueled by its ambitious Voyage 2025 Strategy, NDB is combining the most advanced technology and innovation to redefine what the future of banking would look like for its customers with the ambition of becoming the most digitally enabled bank in Sri Lanka. 

Adding to the many firsts the bank has achieved in its digital evolution, is the launch of the latest video KYC (vKYC) based account opening process. vKYC verification utilises artificial intelligence (AI) technology enabling customers to open NDB accounts from the comfort and safety of home, without having to visit a branch. 

Additionally, the bank also became the first in the industry to tie up with the Credit Information Bureau (CRIB) in order to create a hassle free and convenient service in which the bank’s customers can register and request for their individual credit reports (iReport) and individual credit score reports (CRIB Score) from wherever they are in Sri Lanka through NDB NEOS.

NDB has continued to remain at the forefront of digital banking even amidst competition, constantly introducing novel methods to the bank’s clients as well as all Sri Lankans. Accordingly, the bank was awarded the ‘Best Digital Bank 2021’ at the Asiamoney Best Bank Awards for Sri Lanka in addition to being crowned ‘Sri Lanka’s Best Bank 2021’ by the prestigious Global Finance Magazine of USA, and ‘The Bank of the Year Sri Lanka’ by The Banker Magazine UK. 

NDB is the fourth largest listed bank in Sri Lanka and the parent company of the NDB Group. The only financial services 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.