Top recognition for NDB at Asian Banking and Finance Awards 2014

Tuesday, 22 July 2014 00:01 - - {{hitsCtrl.values.hits}}

Domestic Retail Bank of the Year
SME Bank of the Year
Core Banking System Initiative of the Year

NDB was adjudged ‘Domestic Retail Bank of the Year – Sri Lanka’ and ‘SME Bank of the Year – Sri Lanka’ for the second consecutive year at the recently concluded Asian Banking and Finance (ABF) Retail Banking Awards 2014. In addition, the bank succeeded in collecting a third award for ‘Core Banking System Initiative of the Year – Sri Lanka’ at this year’s awards ceremony held in Singapore. NDB has been selected for these awards by ABF Awards’ esteemed panel of judges representing PricewaterhouseCoopers, KPMG, Deloitte Consulting and Ernst and Young Advisory LLP. Running in its eighth consecutive year, the ABF Awards have established integrity and recognition in the region over time. This year’s awards recognised NDB along with numerous international Banks for their performance, based on criteria such as innovation, effectiveness and dynamism. Commenting on the receipt of the awards, NDB Chief Executive Officer RajendraTheagarajah said, “It is a pleasure and an honour to accept these international awards from Asian Banking and Finance Magazine. These awards emphasise the bank’s significant feats in the Retail and SME Banking domains; while recognising the strategic initiative to converge multiple core-banking applications into a single core banking system that enables efficient delivery.” “Having positively transformed from a development bank to a full-fledged commercial banking conglomerate, NDB is now a forceful player in the retail and SME banking sphere of Sri Lanka. Today, we present an array of customised commercial banking solutions geared to fulfil the personal and business financial needs of anincreasing customer base from all walks of life. “This extensive product range, coupled with an expert team able to impart apt financial advice and a central core banking system that ensures timely delivery, have given us a significant competitive edge in the market. These awards further ascertain thisversatile performance of NDB. I wish to take this opportunity to thank the NDB team for rallying around for successful execution of the Bank’s aggressive strategy; while inviting our clients to reap benefits from NDB’s next phase of growth,” says Theagarajah.NDB has been able to make great strides in gaining Retail Banking market share in terms of consumer deposits, loans and fee based products while its island-wide branch network has now reached 80 branches. The Bank’s competitive edge in this sector has emerged from its relentless commitment towards innovation and value addition.