NDB Investment Bank wins Euromoney Award for 14th consecutive year

NDB Investment Bank (NDBIB) has announced that it has been recognised as the “Best Investment Bank in Sri Lanka” by the prestigious Euromoney Magazine at the Euromoney Awards for Excellence in 2025 for an unprecedented 14th consecutive year, on account of the noteworthy initiatives undertaken by NDBIB in 2024. 

It should be noted that NDBIB continues to be the only investment bank out of Sri Lanka to secure this prestigious award thus far, and that the 14th consecutive accolade is secured in the backdrop of a significant ramping up of the competitive landscape of the Sri Lankan investment banking sphere.

NDBIB Chief Executive Officer Harshana Jayaweera said, “Being recognised with the Euromoney Award for the 14th time in a row, highlights the quality, tenacity and the unwavering commitment of the NDBIB team, especially since the award was on account of a year 2024 where the local capital markets were dominated by sluggish sentiments, owing to the ‘wait-and-see’ approach undertaken by many investors and clients due to being an election year. 2024 was also a year where the Sri Lankan capital markets were shaped by the continuation of the Lankan economic recovery story, which is still on the arduous path towards being an attractive hunting ground for foreign investors. Despite this backdrop, our prolonged investment of time and effort on product innovation positioned us to launch a few novel ‘Industry First’ products this year and enabled us to unlock previously untapped investors and clients, both locally and globally. I congratulate and thank everyone involved in the NDBIB team for all their hard work and dedication in achieving this feat.” 

NDBIB was able to manage four M&A/Divestiture transactions in the equity market space in 2024, which included; 1) 100% divestiture of Lankacom Ltd., by the consortium of shareholders led by Singapore Telecom International PTE LTD, 2) Divestiture of Talentfort Ltd., by Sri Lanka Telecom PLC and two other deals in the Healthcare/Education and Fashion sectors. Furthermore, NDBIB executed four rights issues in the listed equities space and carried out a range of advisory, valuation and structuring engagements for companies in the power generation, manufacturing, healthcare, tech and financial services sectors.

On debt front, NDBIB acted as Managers and Placement Agents for four debenture issues, which included three Basel III Compliant-Tier 2, Listed Rated Unsecured Subordinated Redeemable Debenture raised by two leading banks (amounting to Rs. 22 billion). In 2024, NDBIB, as the Issue Managers liaised with regulators and experts and laid the groundwork for Vidullanka’s Sukuk Issue, which at the time of its launch in June 2025 was Sri Lanka’s first-ever listed Sharia-compliant bond. NDBIB also acted as exclusive Managers to the Green Bond by Alliance Finance Company PLC, which upon its launch in February 2025 was Sri Lanka’s first listed green bond issued by a Non-Bank Financial Institution, which was realised as a result of the extensive work done on this front in 2024.

Jayaweera added, “A special thank you must be extended to our esteemed clients, investors, collaborators, the regulators and all other stakeholders, who have worked with us and supported us by placing their trust in us. We will ensure that the relationships we have nurtured will continue to create greater value in markets both domestically and abroad.”

NDBIB Chief Operating Officer Kaushini Laksumanage said, “It is truly an honour to be awarded by Euromoney for the 14th consecutive year. We will continue our efforts to expand our geographical reach in transaction execution in 2025 through collaborative partnerships and leveraging on our existing network, so that we can unlock global fund raising and transactional options for local corporates seeking offshore expansion, and even assist foreign companies in meeting their capital needs. We are also excited to assist corporates in rolling-out novel products such as Sukuks and Sustainable Bonds, given our unparalleled expertise in handling such transactions in the Sri Lankan context.”

The Head of Equity Capital Markets and Corporate Advisory, Savinda Fernando said, “We will strive to reinforce our standing as the premier capital markets solution provider in the country by banking on the wealth of experience and dynamism of our team in catering to the evolving requirements of our clientele. Having carried out multiple pioneering and complex transactions in the past, we are well positioned to guide our clients through complex transaction intricacies and see them through deals.”