Sunday Feb 22, 2026
Sunday Feb 22, 2026
Monday, 9 February 2026 01:01 - - {{hitsCtrl.values.hits}}
From left: NDB Manager – Cash Management Akila Perera; Vice President – Strategy and Business Intelligence Nadika Ranasinghe; Vice President – Legal Dinali Dunuwille; Chief Manager – Transaction Banking Ramesh Perera; Assistant Vice President – Transaction Banking and Trade Operations Thilanke S. Weerasinghe; Director/CEO Kelum Edirisinghe; CSE CEO Rajeeva Bandaranaike; Chief Market Operations Officer Chandrakanth Jayasinghe; Head – Central Depository Systems Nadeera Athukorale; Manager – Legal and Enforcement (Legal, Enforcement and Compliance) Kanishka Gunawardena; Senior Vice President – Legal, Enforcement and Compliance Shivandini Liyanage; and Manager – Corporate Solutions and CRM (Central Depository Systems) Hemal Weerasinghe
National Development Bank PLC (NDB) recently formalised a strategic partnership with Central Depository Systems Ltd. a wholly owned subsidiary of the Colombo Stock Exchange (CSE), to enhance the efficiency and reliability of dividend disbursement for companies listed on the CSE. The agreement, signed at a ceremony held recently, marks a meaningful step towards strengthening Sri Lanka’s capital market infrastructure while elevating the experience for issuers and investors alike.
Through this collaboration, NDB introduces a streamlined dividend pay-out solution designed to simplify what has traditionally been a complex administrative process. By leveraging the bank’s robust transaction capabilities and operational expertise, listed companies are now able to manage dividend distributions seamlessly through a dedicated system that prioritises accuracy, speed, and convenience.
The service offers multiple disbursement options, including electronic funds transfers, cheque processing, and customised payment methods, ensuring greater flexibility for corporates while enabling shareholders to receive their dividends through faster and more direct channels. This approach significantly reduces processing delays and minimises the potential for manual errors, reinforcing confidence among investors and contributing to stronger investor relations for listed entities.
NDB’s partnership with CDS reflects the bank’s continued commitment to supporting the advancement of Sri Lanka’s financial ecosystem through innovative banking solutions. By aligning with CDS’ broader efforts to modernise engagement within the capital market, the bank plays an active role in delivering cash management capabilities that respond to the evolving needs of market participants.
NDB Director/CEO Kelum Edirisinghe noted that the initiative underscores the bank’s strategic focus on providing future-ready financial solutions that create tangible value for corporate clients while supporting the long-term development of the country’s investment landscape.
As Sri Lanka’s capital markets continue to progress, collaborations of this nature remain essential in fostering efficiency, transparency, and operational excellence. NDB remains dedicated to empowering businesses and investors through meaningful financial services, reinforcing its role as a trusted partner in driving sustainable economic growth.
