NDB receives 7 accolades from Asian Banking & Finance Magazine of Singapore
National Development Bank PLC (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 the Retail Banking Awards, NDB won the Domestic Retail Bank of the Year and 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 Corporate & 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 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 possesses 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, come 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 the Ugandan ventures, while also being one of the first banks to fund wind 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 and Investment Banking Awards and Insurance Asia Awards held at Shangri-la Singapore on July 13.
According to Asian Banking & Finance Magazine of Singapore, this year’s nominations were judged by representatives from the Big Four accounting firms: Deloitte Regional Head Financial Services, Strategy and Operation Mohit Mehrotra, ASEAN Ernst and Young Managing Partner Liew Nam Soon, KPMG ASPAC Banking and Capital Markets Head Egidio Zarrella and PWC Southeast Asia Consulting Partner, Financial Services Leader Andrew Taggart.
NDB has made considerable strides towards the Sri Lankan banking and finance sector, expanding and evolving a range of products and services accessible through its growing branch network.