NDB extends universal banking services to Matara

• Introduces equity and mutual funds investment opportunities to popular commercial hub in Southern Province

NDB Stockbrokers Ltd. (NDBS) recently opened a dedicated service centre at the NDB Matara Branch, introducing a world of new opportunities to the residents, businessmen and investors in the region.

NDBS’ branch in Matara will channel its customers towards investment opportunities in the Colombo Stock Exchange and provide expert advisory services on equity markets. It will also offer them a wide range of capital market products that include margin trading, online trading as well as unit trust products along with assistance for customers to achieve their investment goals through prudent advising.

The online trading platform of NDBS will facilitate the opening of accounts where customers could directly maintain their trading accounts and conduct transactions without the aid of an investment advisor using the online research material available in all three languages. The dedicated centre will also be equipped with a comprehensive range of high quality research publications (country, industry and company specific) to aid the decisions of the discerning investors.

In addition, NDBS’ branch in Matara will act as a conduit for the many investment banking products and services offered through the NDB Investment Bank. Accordingly, customers in Matara will now have access to a broad base of wealth creation tools structured by the Investment arm of the NDB Group.

Commenting on the opening of the new NDBS branch, the Chief Executive Officer of NDB Russell de Mel said: “Building on our founding principle of development banking, today NDB has excelled in its commercial banking operation to grow into a fully-fledged banking conglomerate that offers a universal banking experience to its clientele. This unique universal banking proposition of the NDB Group differentiates us from other financial institutions. We are now on an aggressive drive to take this universal banking experience to customers across the island in a bid to promote accelerated growth and wealth creation; by introducing a diverse product mix with sophisticated investment options.”

“We operate in a highly competitive market, which is a reflection of the sophistication of our customers’ needs. With many Banks competing in the industry, customers are demanding for innovative, customized solutions that cater to a diverse range of individual needs. These needs are twofold; on one hand they seek convenience through advancement of technology while on the other they seek knowledge based solutions. I believe our major strength lies in the latter, where we are able to go beyond the norm to bind expert human knowledge with modern technology to provide customised advisory services to our clients. To enable such, we ensure that are staff is kept abreast with the latest developments and knowledge available while also investing in new technology; so that we are able to leverage on both. Thus, as an innovative Bank with a unique positioning in the market, NDB has yet again taken the initiative to include customers living outside Colombo into the growing torrent of the multifaceted investment banking and capital market opportunities in the