NDBIB retains market leader position in listed debentures through 2016
View(s):NDB Investment Bank Ltd (NDBIB) raised a total of Rs. 31.5 billion through listed debentures during 2016 as sole manager to the issue and jointly.
From this amount Rs.19 billion was raised for Commercial Banks, Rs. 10.5 billion for finance companies and Rs. 2 billion for corporates, the institution said in a media release.
NDBIB once again posted a market share of approximately 38 per cent in listed debenture issues during 2016, maintaining its market leadership position. NDBIB thus has the largest cumulative market share of all the listed debenture issues to date since the introduction of tax incentives in 2013 by the Government to develop the capital markets, the release said.
Commenting on these developments Darshan Perera, CEO of NDBIB said “We are steadfastly committed to strive for excellence and innovation thereby adding value to our clients and propelling the country’s capital markets to the international pedestal. The economic growth and prospects of the country will naturally call for best-in-class knowledge and practices in our capital markets in order to cater to the growing needs”.
Kaushini Laksumanage, Chief Operating Officer of NDBIB noted that adaptability and innovation are critical success factors in the dynamic financial services spectrum and hence these achievements provide ample evidence of the success achieved by NDBIB in its quest for continuous improvement.