NDB Bank once again in exclusive ranks of Business Today Top 20

Wednesday, 28 December 2011 00:08 - - {{hitsCtrl.values.hits}}

NDB Bank was once again positioned in the prestigious Business Today Top Twenty Awards ranking which recognises the cream of Sri Lankan corporates for their exceptional performance throughout the past year. These highly acclaimed corporate awards are carried out strictly based on published financial information and other indicators of companies listed on the Colombo Stock Exchange for the year 2010/2011.

NDB Bank CEO Russell de Mel receives the award from Prime Minister D.M Jayaratne while Opposition Leader Ranil Wickremesinghe is also present Contributing factors towards NDB Bank’s ranking was based on the bank’s strong fundamentals, competitive strengths and diversified businesses within the Group. The profit of the Bank alone increased by 34% over the profits in the previous year.

Despite the significant growth in the Loan portfolio in all the sectors, NDB Bank contained its Non Performing Loans (NPL) ratio to an all time low of 1.41% which is one of the lowest in the industry.

Speaking at the Top 20 Awards Presentation held recently, NDB Bank CEO, Russell De Mel said, “We are deeply honoured that NDB is yet again recognised as one of Sri Lanka’s Top 20 Corporates by Business Today and would use this opportunity to impress upon the august audience, our philosophy in Banking.

When the war ended two and a half yeas ago, and when many programs were being launched for social integration, we at NDB felt a need to first develop a sense of belief within the communities by building bridges of trust.

We also felt the need to focus attention on the youth of Sri Lanka, particularly of the North and East, to demonstrate to them that in fact there is a society that respects them and cares for them. NDB Jeevana Livelihood Programme was launched by our staff and we teamed up with industry leaders in different sectors to provide a source of livelihood to the youth of these areas, who in fact became Bank’s clients from the very outset of the program.

This is our philosophy in banking where we make our clientele believe in us and I dedicate this accolade to my valued team members who practise this difficult philosophy.”