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NDB Bank among Sri Lanka’s Top 10 companies

NDB Bank was presented an award for being among the top 10 Sri Lankan Companies in Sri Lanka, selected by the leading business magazine "Business Today". President Mahinda Rajapaksa presented the award to the bank’s CEO Eran Wickramaratne at Temple Trees in Colombo.

NDB Bank is a dynamic entity within the NDB Group and offers a broad range of services and products in the fields of corporate and retail financing. In 2001, NDB Bank entered the commercial banking arena. The bank was recognized among the top ten companies resulting from an 84% growth in profits of the NDB Group. NDB Bank has 40 branches supporting various business areas, Corporate banking, Project Financing, SME lending, Retail Banking, Investment Banking and Insurance. NDB Bank plays a vital, unique part in the nation’s finances at home and abroad and is widely regarded as an integral element in the landscape of Sri Lankan business and finance.

NDB Bank recently took another step towards its plans for local and regional growth through the purchase of shares owned by Bank of Ceylon in the Capital Development & Investment Company Plc. Fitch Ratings Lanka also reaffirmed the bank’s National long-term rating of ‘AA (lka)" reflecting the bank’s "strong financial profile in terms of its high capital base, good profitability and asset quality".

NDB Bank is one of the strongest capitalized local bank’s in Sri Lanka with a highest capital adequacy of 18.8%. The bank’s efficiency is reflected positively by its return on assets ratio that stands at 1.4% (profit after tax) compared to the industry ratio of 1.2%. NDB Bank’s cost income ratio is 45.7%, which is below the industry average. With a quality portfolio and an efficient risk management process NDB Bank records a gross Non-Performing Loans ratio of 2.6%, the lowest in the industry among local banks.

With a mission to be dominant in the financial services sector, creating superior long-term shareholder value and contributing to economic development in Sri Lanka by exploiting regional opportunities and delivering innovative solutions, with best-in-industry service excellence, through an inspired team - NDB Bank is firmly on track to achieve its vision to be a World-Class Sri Lankan Bank.


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