Wednesday, 22 January 2014 00:00
NDB extended its reach within the island with the opening of its 79th branch in Balangoda which plans to offer a wide range of financial services to residents of the thriving agrarian expanse.
Nourished by the renowned Samanala tank, the rich soil of Balangoda produces bountiful crops of paddy and vegetable. The industrious farming community in the region continue to strengthen the Sri Lankan economy with diverse agrarian produce, that contributing to national production.
The rich mineral deposits of calcite, feldspar, dolomite and kaolin found in the Balangoda soil further enhances the industrial potential of the area. The town is home to many small and medium businessmen and traders who, with their contribution towards the industrial activity, play a significant role in the economic development of Sri Lanka.
NDB stepped into Balangoda with the aim to empower its people and support them to propel the economic development of the town with a diverse range of banking products and financial expertise.
To the small and medium entrepreneurs in Balangoda NDB’s new branch will offer a range of SME financing facilities including; industry specific credit facilities, short term working capital loans, supplier and distributor financing and long term funding coupled with advisory services in the areas of banking, industry knowledge, wealth creation as well as capital management.
With its new branch in Balangoda, NDB will also focus on developing the micro entrepreneurs and cottage industrialists in the region through its livelihood development scheme ‘Divi Aruna’; which promotes financial inclusion for the smaller enterprises in a bid to develop and upgrade them towards the SME sector.
The bank laid an initial step towards this long term endeavour with the distribution of Divi Aruna Micro Finance Loan Schemes to deserving individuals engaged in agricultural industries and other cottage industries; at a special ceremony held subsequent to the unveiling of the new branch.
The NDB Balangoda branch will offer a host of retail banking services, such as current and savings accounts, children’s savings accounts, NRFC/RFC accounts, fixed deposits, housing loans, education loans, leasing facilities, credit and debit cards, pawning services as well as Western Union Money transfer services coupled with the convenience of internet banking and a call centre that operates 24 hours so that customers in and around the area would have access to a wide array of modern banking solutions to help them meet their individual financial needs.
NDB’s newest branch is located at No. 24 A, Barnes Ratwatte Mawatha, Balangoda and will offer the convenience of extended banking hours from 9 a.m. to 6 p.m. on weekdays and 9 a.m. to 1 p.m. on Sundays.