NDB adjudged ‘Best Bank in Sri Lanka’

Wednesday, 28 March 2018 00:00 - - {{hitsCtrl.values.hits}}

NDB has been named the ‘Best Bank in Sri Lanka’ by the prestigious Global Finance Magazine at the 25th Annual Best Bank Awards in the Asia Pacific.

The award is conferred by the editors of Global Finance magazine, based on the growth in assets, profitability, geographic reach, strategic relationships, new business development and innovation in products. Subjective criteria included the opinions of equity analysts, credit rating analysts, banking consultants and others involved in the industry.

Global Finance Magazine is one of the leading global publications in the banking and finance sector and many banks across the globe vie for their annual best bank awards titles.

Commenting on the award, NDB Chief Executive Officer Dimantha Seneviratne said: “We are honoured to be selected as the ‘Best Bank in Sri Lanka’, given the prestige and worldwide acceptance commanded by Global Finance, USA, one of the most prestigious banking and finance publications in the world. This is the second year that NDB won this title, having won it in 2015. We are proud to have won this again in 2018.”

“I dedicate this award to our valued shareholders, customers, shareholders and all stakeholders and the ONE NDB TEAM who have made their respective contributions for the success of the bank!” the NDB CEO added.

Global Finance Best Bank award title is one of the most sought after titles in the Sri Lankan banking industry, with severe competition from top commercial banks.

Winning the ‘Best Bank in Sri Lanka’ title affirms that NDB is on an aggressive growth path and is now challenging the bigger players in the industry as a dominant financial powerhouse. It is also testimony for the dedication of the highly capable team at NDB.

This is the 25th year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Latin America, Central and Eastern Europe, Asia-Pacific, the Middle East and Africa.

Winners will be honoured at an Awards Ceremony held during the IMF/World Bank Annual Meetings in Bali, Indonesia on 13 October.

“At a time of unprecedented change in the financial services industry, Global Finance’s annual Best Bank Awards continue to deliver a consistent evaluation of financial industry performance, whether in developing products to meet emerging financing needs or designing digital platforms that speed and enhance services,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance, in a press release, adding, “The winners are world-class leaders, responding adeptly to shifting political winds, new technologies and changing market conditions.”

NDB’s ascendance to the ‘Best Bank in Sri Lanka’ comes as the backdrop of phenomenal growth in its balance sheet and profitability in 2018 and its strategic focus is growing in the commercial banking space.

NDB remains dedicated to bringing its customers one step closer to accomplishing their life long ambitions and uplifting their standards of living through the range of services that is accessible through its growing branch network. Further details on NDB’s many products can be obtained from its 24 hour Call Centre, by calling 011 2448888, visiting the nearest NDB branch or by visiting NDB Bank’s website on www.ndbbank.com.