NDB Privilege Banking wins Best Bank for Premium Banking Sri Lanka 2019 at Asiamoney Awards

NDB Privilege Banking Wins Best Bank for Premium Banking Sri Lanka 2019 at Asiamoney Awards

Asiamoney recently identified the best of the best banks in all countries across a range of core banking services, considering the strengths of the entire domestic and international franchise in deciding these awards, across retail, commercial, cash management and payments, foreign exchange, trade finance, capital markets, advisory and wholesale operations. It is at this awards ceremony, that NDB, which was identified as the Best Domestic Bank in Sri Lanka 2019, was also conferred the Best Bank for Premium Banking Sri Lanka 2019 for Privilege Banking.

The awards ceremony took place at the JW Marriott, Pacific Place, Hong Kong.

Privilege Banking is NDB’s symbol of commitment towards delivering complete financial solutions through exclusive Relationship Management across the customer’s entire wealth portfolio. The award recognised the years of consistent effort, innovative thinking and fruitful labour of NDB Privilege Banking. As part of the Euromoney group, Asiamoney identified the best of the best in all countries across a range of core banking services through a vigorous process which included interviews with the Bank’s senior management in addition to the application being reviewed and analysed by a team of editors, journalists and researchers. The final decision was then made by the editorial committee.

With the opening of dedicated Privilege Banking Centres in Pelawatte, Galle, Kandy and most recently in Kurunegala, NDB’s Premium Banking service serves over 7000 high net-worth customers. 

One of the main developments of NDB Privilege Banking is the launch of ‘NDB Shareek’ in 2018, a range of premium Islamic banking services designed in accordance with Shariah law. NDB Bank is the first, and still the only, Sri Lankan lender to offer customised Shariah-compliant premium banking services onshore. 

NDB Privilege Banking covers all banking products and services and extending to government and corporate securities, foreign currency derivatives and structured products and term deposits, local currency deposits, money market savings accounts and customised transactions to suit the customer’s individual profile.

Advisory on portfolio management, investments solutions through capital market, equity market, wealth through NDB group and Asset and Legal Assistance can be accessed by the customers across all NBD branch centres.

NDB Privilege customers will receive identification across all branches and the Privilege Centres are available for their needs including meeting rooms even when the customer is out of town. Additionally, the customer will also receive special infinite credit card facilities with a number of offers. 

The Bank has also implemented a new PRV Relationship Management based model across the network. NDB Privilege Banking Relationship Managers are specifically trained to cater to the customer’s unique needs through Privilege Banking. Each relationship manager can be reached at any time to handle the customer’s requirements. Privilege Banking is designed in such a way that if the customer’s appointed relationship manager is unavailable, a back-up relationship manager will be available to fulfil the customer’s needs.

With the ability to access all group company services, the designated relationship manager has the capability to coordinate with ease and provide the best of financials solutions to meet the customer’s requirements. Its elite Privilege Select service, available to clients with more than Rs. 20 million in deposits, includes wealth management and liability products in local and foreign currencies. 

NDB Bank which is the first and to date the only corporate in Sri Lanka to officially be certified with EDGE Certification, the leading and only global certification for gender equality at the work place, is the parent company of the NDB Group, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the dominant leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Capital, NDB Investment Banking, NDB Wealth, and NDB Securities has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. Customers across all group companies have benefited from the product and service offerings of the NDB group.