NDB crowned “Best Bank in Sri Lanka” by top 3 awarding bodies
View(s):
Mr. Dimantha Seneviratne
NDB Bank was recently named the Best Bank in
Sri Lanka for 2022 by Euromoney, in addition to being named “The Best Bank in Sri Lanka” by Global Finance of USA for 2022 and 2021 consecutively. The bank also won “Bank of the Year 2020” by The Banker, UK thus achieving the rare feat of securing the endorsement of the top three awarders in the banking industry – the Triple Crown in banking, it said in a media release.
Bank CEO, Dimantha Seneviratne, speaking of this achievement, said “NDB’s ability to demonstrate growth and profitability in volatile economic conditions adopting technology to deliver innovative products and services were some critical factors which contributed to this win.
At times of turbulence and uncertainty, independent external endorsements serve as a source of confidence on the bank’s stability to stakeholders who partner us in their growth journeys.
It also inspires and motivates our team who makes these achievements a possibility, to better themselves and raise the bar even higher.”
He added that the bank made substantial investments in upgrading its core banking system with additional investments in digital and data analytics capabilities. “Consistency and stability of earnings is crucial to NDB Bank. Despite the volatile economic environment, we saw since the beginning of 2019, our performance has been very consistent. Since 2017, as a group, we have posted a CAGR of 19 per cent in top line growth against the cost growing at only 9 per cent. PBT grew at 12 per cent and shareholder funds at 17 per cent CAGR.
Our strong underwriting standards and credit quality as affirmed by our audited accounts over the years enables us to deliver these stable earnings. This performance has helped us onboard new shareholders like Norfund who invested in NDB last year and we would like to thank our customers and stakeholders for the continued confidence placed in us,” he said.
Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!