Company Overview and News

 
NDB closes 2017 on a high note: 41-pct growth in PBT to Rs.7.5Bn

2018-02-02 lankabusinessonline
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this performance, the Chief Executive Officer of the Bank, Mr. Dimantha Seneviratne stated that 2017 has been a highly satisfactory year, during which the Bank stabilized its base, gathered rapid growth momentum and delivered enhanced results to all its stakeholders.

 
NDB closes 2017 with 41-pct growth in PBT to Rs7.5bn

2018-02-01 lankabusinessonline
National Development Bank PLC (NDB) completed the financial year 31 December 2017 with impressive performance across all fronts. Commenting on this performance, the Chief Executive Officer of the Bank, Mr. Dimantha Seneviratne stated that 2017 has been a highly satisfactory year, during which the Bank stabilized its base, gathered rapid growth momentum and delivered enhanced results to all its stakeholders.

 
Grand finale of CA Sri Lanka 53rd Annual Report Awards Competition

2017-12-06 lankabusinessonline
Commercial Bank of Ceylon PLC won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards Competition organized by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka).

 
Aitken Spence bags Best Corporate Citizen Sustainability Award 2017

2017-11-29 lankabusinessonline
Nov 29, 2017 (LBO) – Aitken Spence won the coveted ‘Best Corporate Citizen Sustainability Award 2017’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognize sustainable champions of the local corporate world.

 
Chinese server giant Inspur in alliance with global tech leaders to offer fintech services along Belt and Road

2017-11-02 scmp
Goal is to provide tech and financial solutions, cloud computing, and other fintech-related services, offered through a network of data centres

 
Brazil's development bank head counters president on economy

2017-08-10 nzherald.co.nz
RIO DE JANEIRO (AP) " The head of Brazil's National Development Bank is publicly disputing President Michel Temer's claim that Latin America's largest economy is on the road to recovery.

 
Power and Control Cable Market Worth $180bn by 2024: Global Market Insights, Inc.

2017-05-09 prnewswire
The research report "Power And Control Cable Market Size By Product (Power Cable, Control Cable), By Voltage (HV, MV, LV (LV Power, LV Control)), By Application (Utilities, Industrial (Power Plants, Oil & Gas, Cement)), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, France, Turkey, Germany, Russia, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Egypt, Brazil, Argentina, Peru), Price Trends, Competitive Market Share & Forecast, 2017 - 2024" by Global Market Insights, Inc.

 
India’s consumption growth de-risks it from global uncertainty: Kamath

2017-01-22 thehindubusinessline
Confident about India continuing to grow on the back of its consumption-driven economy, veteran banker and BRICS nation’s National Development Bank chief K V Kamath has said the world is going through very uncertain times but that may not have much impact on India.

 
Fitch affirms nine Sri Lankan banks, revises sector outlook to negative from stable

2017-01-13 lankabusinessonline
Jan 13, 2016 (LBO) – Fitch Ratings, a credit ratings agency has affirmed the long-term issuer default ratings (IDRs) of nine local banks and revised its sector outlook to negative from stable, a statement said.

 
A Mistake Is A Portal Of Discovery

2016-12-11 colombotelegraph
That famous presidential pronouncement two months ago, at the Sri Lanka Foundation institute qualified the applicability of the principle – no one is above the law. It redefined ‘independence’ of independent commissions. On that day, this writer decided to refrain from writing and commenting on the performance of the current government. It was just as well. The rarely good, often bad and frequently ugly governance of the UNP – SLFP coalition led by the Maithri- Ranil duumvirate is beyond retrieval, recovery and redemption.

 
Sri Lanka’s Cargills Bank gets Theagarajah as Joint Deputy Chairman

2016-12-05 lankabusinessonline
Dec 05, 2016 (LBO) – Sri Lanka’s Cargills Bank has appointed sector veteran Rajendra Theagarajah as the Joint Deputy Chairman. He will be joined by Ranjit Page.

 
Hayleys wins ‘Best Corporate Citizen Sustainability Award 2016’

2016-11-25 dailymirror.lk
Hayleys PLC Chairman/CEO Mohan Pandithage receiving the award from Central Bank Governor Dr. Indrajit Coomaraswamy Pic by Damith Wickramasinghe

 
Pan Asia Bank CEO resigns and appointed NDB CEO

2016-11-24 lankabusinessonline
Nov 24, 2016 (LBO) – National Development Bank announced the appointment of P L D Neomal Seneviratne as the Chief Executive Officer/Director of the bank with effect from 1st January 2017.

 
NDB collaborates with HomeSend to widen reach of remittance offering

2016-11-03 bizenglish.adaderana.lk
National Development Bank PLC (NDB) today announced its partnership with HomeSend, a joint venture between Mastercard, eServGlobal and BICS, to offer greater security and convenience to millions of Sri Lankans sending money home from abroad. Connecting NDB’s state-of-the-art e-Remittance service to the HomeSend Hub, this agreement will allow consumers to credit funds directly to a beneficiary’s bank account at NDB through a wide network of remittance services around the world.

 
NDB enhances security & convenience to Sri Lankans sending money home

2016-11-03 lankabusinessonline
National Development Bank PLC (NDB) today announced its partnership with HomeSend, a joint venture between Mastercard, eServGlobal and BICS, to offer greater security and convenience to millions of Sri Lankans sending money home from abroad. Connecting NDB’s state-of-the-art e-Remittance service to the HomeSend Hub, this agreement will allow consumers to credit funds directly to a beneficiary’s bank account at NDB through a wide network of remittance services around the world.

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