NDB appoints Citizens Development Business Finance as sub agent for Western Union

Friday, 3 January 2020 00:00 - - {{hitsCtrl.values.hits}}

NDB Associate Manager Marketing Chalani Senanayake, NDB Senior Banking Associate Remittances Jennifer Buhary, NDB Senior Manager Correspondent and Institutional Banking Manjeeve Abeysundera, NDB Vice President Branch Network Management and Correspondent Banking K.V. Vinoj, NDB Senior Vice President, Personal Banking and Branch Network Management Sanjaya Perera, NDB Group Chief Executive Officer/Director Dimantha Seneviratne, CDB Managing Director/Chief Executive Officer Mahesh Nanayakkara, CDB Executive Director, Sales and Business Development Sasindra Munasinghe, CDB Executive Director, Corporate Finance Roshan Abeygoonawardena, CDB Head of Gold Loan Operations/Foreign Exchange and Remittances Nuwan Tharaka, CDB Head of Brands Charitha Warnakulasooriya

NDB recently appointed the Citizens Development Business Finance PLC (CDB) to its distribution network as an agent of the bank for Western Union money transfer service.

CDB, among the top 5 non-bank financial institutions in Sri Lanka, has a distribution network of 71 outlets island-wide and will further enhance convenience to customers of Western Union remittances. CDB is also acting as sub agent for MoneyGram in Sri Lanka. CDB is driven by a state-of-the-art technological platform that has revolutionised the way financial transactions are performed in the country.

The National Development Bank PLC has been operating as one of the Principal Agents for Western Union Money Transfer Service in Sri Lanka and facilitating worker remittances into the country since 2006.

Apart from the Bank’s own branch network spanning 112 locations, NDB has also appointed Singer (Sri Lanka) PLC, Regional Development Bank (RDB), Softlogic Retail Ltd. and Sarvodaya Development Finance Ltd. as sub agents adding an incremental network for the distribution of Western Union remittances. Appointing such sub agents covering all parts of Sri Lanka has created more delivery channels for the beneficiaries to collect their funds received through Western Union with ease and in an efficient manner. Meanwhile, NDB also offers its customers an ‘Everyday Gift’ promotion. Each customer who collects a Western union transaction will receive a gift until 31 January 2020. Additionally, CDB will also carry out a promotion during the month of December to reward all its Money Gram and Western Union customs.