NDB expands presence in North with Chunnakam branch

Friday, 21 September 2012 00:01 - - {{hitsCtrl.values.hits}}

NDB extended its footprint in the Northern region of the country with the opening of 67th Branch in Chunnkam recently. The new branch opening reinstates the Bank’s continued commitment towards the rapid post-conflict economic development taking place in the region.

Located in the centre of the Jaffna Peninsula, Chunnkam’s most precious commodity is its rich, fertile soil which produces abundant harvests of chillies, onions and grapes amongst a variety of other crops. The town’s economy is kept alive by a thriving farming community which in turn makes a substantial contribution towards the economy of the country.

NDB’s branch in Chunnkam will be geared to support this blossoming agricultural community which spells out many entrepreneurial opportunities. Through its newest Branch, NDB aims to provide customised SME Banking solutions coupled with effective entrepreneurial education and advisory services to the aspiring SME owners in the Chunnakam region. Some of the SME banking services that will be offered include; long-term loans on concessionary interest rates, short-term working capital loans, supplier finance facilities, importer/exporter funding facilities as well as distributor finance facilities.

NDB will also focus on developing the lower end of the SME sector through its livelihood development scheme ‘Divi Aruna’ which promotes financial inclusion of the smaller investment entrepreneurs in a bid to develop and upgrade them towards the SME sector. The Bank laid an initial step towards this long term endeavour in the region with the distribution of Divi Aruna Micro Finance Loan Schemes to 50 deserving farmers at a special ceremony held subsequent to the unveiling of the new branch.

Further, NDB will also offer a gamut of retail banking products including current/savings accounts, fixed deposits, housing loans, pawning services, vehicle leasing as well as insurance services to the residents of Chunnakam to help them grow and secure their wealth while enjoying easy access and convenience of Banking with automated facilities such as Visa Debit Cards, Internet Banking and Western Union Money Transfer Services.

NDB’s Chunnkam Branch is located at No. 30, K.K.S Road and will be open for extended hours from 9a.m. to 6p.m. on weekdays, adding to the convenience of traders and businessmen in the region. Branch will also be open on Saturdays from 9a.m. to 1p.m. for increased ease of the public.

NDB remains dedicated to bringing its customers one step closer to accomplishing their lifelong ambitions and uplifting their standards of living through the range of services that is accessible through its growing branch network.