NDB wins seven accolades from Asian Banking & Finance Magazine of Singapore

Monday, 23 July 2018 00:00 -     - {{hitsCtrl.values.hits}}

NDB awarded with Seven accolades by Asian Banking & Finance Magazine of Singapore

NDB has been felicitated with seven awards under three categories – Retail Banking Awards, Wholesale Banking Awards and Corporate and Investment Banking Awards by the Asian Banking & Finance Magazine of Singapore.

Accordingly, under Retail Banking Awards NDB won the Domestic Retail Bank of the Year and the SME Bank of the Year, for the sixth consecutive year in addition to winning the Financial Inclusion Initiative of the Year.

The bank was also awarded the Domestic Project Finance Bank of the Year, for the fourth consecutive year under the Wholesale Banking Awards category. 

Meanwhile, the bank was felicitated with three more awards under the Corporate and Investment Banking Awards 2018 which was introduced for the first time. The bank was thus felicitated with the Debt Deal of the Year, Corporate Client Initiative of the Year and the Syndicated Loan of the Year, for exceptional corporate customer solutions facilitated by the bank’s Project Finance Unit. These awards secured by the bank are a clear affirmation that NDB possess the competence to assist its corporate clients in complex transactions, whether they are within Sri Lanka or across foreign jurisdictions and propel them towards the next phase of development in their businesses. 

These seven awards, which signify the bank’s exceptional feats in the local banking and financial industry comes in the light of NDB being named the “Best Bank in Sri Lanka” by the Global Finance Magazine. 

Throughout the years NDB furthered its support to SMEs, and strengthened its strategic blueprint for SMEs, to ensure focused, precise and fruitful offerings to uplift the economy’s backbone to greater heights. The bank’s carefully structured financial inclusivity initiatives are the epitome of the unwavering commitment to have every single individual participating in the nation’s development journey. 

Furthermore, Project Finance has always been the bank’s forte since its inception. In addition to the Bank’s various endeavours, NDB is also strong in renewable energy generation project in Sri Lanka and in the African continent through facilities granted to Ugandan ventures, while also being one of the first banks to fund win power and waste-to-energy projects in Sri Lanka

With the vision to be “the driving force for a financially empowered Sri Lanka”, the bank is committed to create superior shareholder value and to ensure success of all the stakeholders that join the bank in its success journey. Thus, NDB’s many achievements come 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 was among over 200 outstanding banks and insurance companies from nearly 40 countries recognised at the 2018 Retail Banking Awards, Wholesale Banking Awards, Corporate & Investment Banking Awards, and Insurance Asia Awards held at the Shangri-La Singapore on 13 July.

According to Asian Banking & Finance Magazine of Singapore this year’s nominations were judged by representatives from the Big Four accounting firms: Mohit Mehrotra, regional head of financial services, strategy and operation at Deloitte; Liew Nam Soon, ASEAN managing partner at Ernst and Young; Egidio Zarrella, ASPAC head of banking and capital markets, KPMG; and Andrew Taggart, partner, financial services leader, PwC Southeast Asia Consulting.