NDB Bank crowned ‘Best Corporate Bank’ in Sri Lanka at Asiamoney awards

NDB Bank has emerged as the ‘Best Corporate Bank in Sri Lanka’ for 2023 at the recently concluded Asiamoney Awards programme. NDB secured this prestigious award for the second consecutive year in recognition of its stable financial and operational performance during the past year.

In a media release Dimantha Seneviratne, CEO of NDB, credited his top management team for their astute responses amidst countless economic and political challenges, as well as the bank’s sound data-driven decision-making strategy.

Despite the turbulent business environment, NDB Bank reported 77 per cent growth in gross income, 42 per cent growth in net interest income and a resultant 38 per cent growth in total operating income in 2022. The bank’s corporate banking portfolio remained comparatively stable due to the continued focus on generating operating efficiencies through automation and digitisation.

Furthermore, despite the industry-wide shortages in foreign currency, the bank’s Corporate Banking Unit was able to draw valuable insights by prioritising its data analytics to identify foreign currency inflow and outflow requirements to better facilitate corporate requirements, thereby enabling NDB to continuously maintain a foreign currency inflow as well as stabilise its foreign currency liquidity position at this crucial juncture for the country’s economy.

NDB Bank was also able to strategically align its corporate interests to better suit the requirements of its export customers. Thereby, together with the value addition from the NDB Transaction Banking Unit, the bank was able to carefully and systematically meet all its export customer requirements.