NDB wins Gold at National Business Excellence Awards 2014

Monday, 29 December 2014 00:00 - - {{hitsCtrl.values.hits}}

NDB was conferred two prestigious awards at the recently concluded National Business Excellence Awards (NBEA) 2014. NDB won the ‘Gold Award for Business Excellence’ in the banking sector, marking a significant leap from the previous years’ runner- up position. The bank also won Silver (runner-up) award for ‘Excellence in Performance Management’ in the criteria category awards.

NDB CEO Rajendra Theagarajah accepting the Gold Award for business excellence in the banking sector from Director/DECO Ceylinco Insurance Patrick Alwis. Also present is National Chamber of Commerce of Sri Lanka Senior Deputy President Thilak Godamanna (centre) Commenting on the awards NDB’s Chief Executive Officer RajendraTheagarajah said, “We are delighted and honoured with these prestigious awards that reaffirm NDB’s steady business position in the industry. Today, NDB takes pride in a sound capital base, a well- diversified and growing asset portfolio, best-in-industry Non-Performing Loans (NPL) ratio and a team of professionals capable of supporting the emerging needs of a growing Sri Lanka.2014 has been a triumphant year for NDB all- round; fortified by such success andrecognitionwe will continue to make headway in the industry with focus on size and scale of our operations – with the aim to propel Sri Lanka’s next phase of development to new and exciting heights.” NDB has made giant strides in the financial services industry within a relatively short period of time. With its roots embedded in development finance, NDB has played a catalytic role in the economic growth of Sri Lanka for over three decades. It has successfully transformed into a fully-fledged financial services conglomerate, while keeping intact its core competencies in development banking, SME empowerment and knowledge dissemination. The bank’s retail banking business has shown swift growth over a brief period of 8 years seizing substantial market share in terms of consumer deposits, loans and other fee based products. In 2014, the bank introduced seven new products designed to serve the growing needs of its retail banking clientele.

NDB HR Vice President Ishani Senaweera accepting the Runner up award for Excellence in Performance Management from Amana Bank Former Managing Director/Chief Executive Faizal Salieh. Also present is National Chamber of Commerce of Sri Lanka Deputy President Sujeeve Samaraweera (centre) NDB’s unique group structure positions it as a knowledge hub, powerfully held together by its unique human capital. On one hand the bank leverages on its experience in the core banking functions to provide best in class, customised solutions to a wide clientele. On the other hand NDB Group’s robust capital markets cluster that comprise Investment Banking, Stockbroking, Wealth Management and Private Equity arms infuses the core banking activity with novel financial solutions and advisory services to provide a complete financial package to its clients.