NDB Bank reaches 50th branch milestone

The 50th NDB Bank branch opened in Matugama recently reaching a significant milestone for NDB Bank.  The Matugama branch was ceremonially opened by Chairman of NDB Bank Manik Nagahawatte on 2 June 2011.

NDB Bank’s entry into Matugama further reiterates its commitment to its expansion drive offering customers a wide range of products to people across the island.

Matugama an agriculture based fast growing economic hub in the Western Province has high potential for SME products with the area thriving on essential industries such as tea, rubber, and manufacturing.

NDB Bank Chairman Manik Nagahawatte said: “Given that Matugama is renowned for its essential industries, we hope to market our wide range of SME and commercial banking products and quite aggressively to cater to the high demand from small and medium businessman and residents.  

With our expertise and knowledge in SME financing services and our many SME financing facilities including short term working capital loans, supplier and distributor financing and long term funding, which will be beneficial to the businesses in the area.”

NDB Bank in Matugama will also offer its retail banking services, such as current and savings accounts, children’s savings accounts, NRFC/RFC accounts, fixed deposits, housing loans, education loans, personal loans, leasing facilities, credit cards, debit cards, pawning services and Western Union money transfer services, internet banking and bancassurrance so customers in and around Matugama have a wide selection of products to choose from.