NDBIB wins Euromoney Award for Best Investment Bank in Sri Lanka

CEO Harshana Jayaweera

Deputy CEO Kaushini Laksumanage

Head of Debit Capital Market Eshani Thenuwera

 Receives recognition for 15th consecutive year 

NDB Investment Bank (NDBIB) has been recognised as the “Best Investment Bank in Sri Lanka” by Euromoney Magazine at the Euromoney Awards for Excellence, securing the accolade for a 15th consecutive year.

This latest recognition marks a remarkable milestone in NDB Investment Bank’s journey of nearly three decades of excellence in Sri Lanka’s capital markets. While NDBIB’s legacy has been built over 30 years through innovation, resilience, trusted partnerships and an unwavering commitment to its clients and the market, being recognised by Euromoney as Sri Lanka’s Best Investment Bank for 15 consecutive years stands as a defining chapter in that journey. More than an award, this 15-year distinction reflects the consistency, strength and enduring trust that have shaped NDBIB’s legacy and its contribution to the evolution of Sri Lanka’s capital markets. 

The achievement is particularly significant as NDBIB continues to be the only investment bank from Sri Lanka to have received this global recognition for 15 consecutive years. The milestone reflects the institution’s ability to consistently evolve with the changing needs of clients and investors, while remaining deeply connected to the Sri Lankan market it has helped develop.

NDBIB’s journey over the past 15 years has been characterised by a willingness to venture beyond conventional investment banking solutions and to introduce innovative products and structures to the Sri Lankan market. Its track record includes pioneering transactions across debt and equity capital markets, mergers and acquisitions, corporate advisory and structured finance, including cross-border transactions.

The latest award follows another year of significant activity and innovation from NDBIB. During 2025, the Bank facilitated and raised Rs. 44.2 billion through a range of debt capital market instruments, including debentures, securitisations, commercial papers and structured finance loans. This performance came against the backdrop of Sri Lanka’s continuing economic and capital market recovery.

The year also saw NDBIB deliver several notable market firsts. These included Sri Lanka’s first listed Shariah-compliant Sukuk, the first Green Bond issued by a non-bank financial institution, the first Green Bond issued by a power and energy company, as well as the country’s first Social Bond and Blue Bond. The Sukuk, Social Bond and Blue Bond remain the only issuances of their respective categories in Sri Lanka as at the date of the Euromoney submission.

CEO Harshana Jayaweera said: “Fifteen consecutive Euromoney recognitions is an extraordinary milestone for NDB Investment Bank and, above all, a reflection of the dedication, expertise and resilience of our people. Over these 15 years, the markets have evolved and the needs of our clients have become increasingly sophisticated. What has remained constant is our commitment to finding the right solutions and creating value for our clients and stakeholders.”

NDBIB’s capabilities have increasingly extended beyond Sri Lanka. During 2025, NDBIB successfully executed cross-border debt capital market transactions in the Maldives, including a $ 40 million syndicated facility for Maldives Airport Company Limited. NDBIB also arranged two additional USD-denominated facilities in the Maldives amounting to $ 28 million.

Deputy CEO Kaushini Laksumanage added: “Receiving the Euromoney Award for the 15th consecutive year is a tremendous honour. It is also a reminder of the responsibility we carry to continue raising the bar. Our clients operate in an increasingly interconnected world, and our role is to anticipate their needs, bring innovative solutions to the table and connect them with opportunities and capital wherever those opportunities may exist.”

“The Sri Lankan market remains at the heart of who we are. Our ambition is to build on that uniquely Sri Lankan foundation while expanding our regional reach and bringing international perspectives, capital and opportunities back to our clients and our country,” she said.

Over the years, NDBIB has established a reputation for taking on complex transactions and developing solutions suited to the evolving Sri Lankan market. The latest year was no exception, with the Bank acting on a number of complex advisories, capital raising and structured finance mandates.

For NDBIB, however, the 15-year journey is not solely defined by transactions and awards. It is also a story of relationships.

The Bank’s work has been built on long-standing relationships with corporates, investors, financial institutions, regulators, professional advisors and other market participants. Its ability to secure the role of Exclusive Advisor across a majority of transactions during the review period reflects the confidence clients place in its expertise, execution capabilities and understanding of their requirements.

Head of Debit Capital Market Eshani Thenuwera said: “Fifteen years of recognition does not happen through one transaction or one moment. It is built deal by deal, relationship by relationship and year after year. Our advantage has always been our ability to combine deep local knowledge with international standards of execution. That combination has allowed us to support our clients through changing market conditions and to continually strive to introduce solutions for the gaps in Sri Lanka’s capital markets.”