NDB Capital Holdings launches Scholarship Trust

NDB Capital Holdings PLC (NCAP) launched the NDB Capital Scholarship Trust recently as part of its corporate social responsibility (CSR) programme. The trust was established with the intension of contributing to the country’s education system by providing assistance to those who need it most.

NCAP CEO and Scholarship Trust Chairman Vajira Kulatilaka stated, “NCAP is a knowledge-based organisation and we whole-heartedly believe that access to higher education is a critical resource to help ensure economic prosperity for the country.

As beneficiaries of the country’s free education system, we fully understand the value created through education and our duty to give back to the society. NDB Capital Scholarship Trust will provide students the opportunity to build the skills and knowledge to promote development in Sri Lanka and we will continue to contribute towards the country’s sustainable growth.”

The trust is funded by NCAP and aims to provide grants, scholarships and other forms of financial and career development assistance to the needy and deserving Sri Lankan university students. The trust mainly targets to support students whose family resources might prevent them from continuing their university studies.

While grants are primarily based on financial need, merit factors, including academic work, leadership qualities and extracurricular activities will also be taken into consideration. All awardees of financial assistance would be further benefited from the career guidance pro g ramme, which is a unique differentiator of the scholarships.

“The trust provides scholarships and other support to help students further their education and skills. We hope this will help students prepare for productive careers and they will help the country to thrive both economically and socially,” said NDB Investment Bank Limited CEO and Scholarship Trust Trustee Darshan Perera.

The trust will announce its first team of awardees in early 2014. NDB Capital Holdings PLC is a subsidiary of National Development Bank PLC.

NCAP CEO Vajira Kulatilaka signing the trust deed in the presence of (from left) NCAP Head of Compliance Anusha Nishanthi, NDB Securities CEO Prasansani Mendis, (standing from left) NDB Wealth Management CEO Prabodha Samarasekara and NDB Investment...