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NDB Bank Recognized as Global Finance’s “Best Bank in Sri Lanka” for The Second Time

28 Apr 2022

National Development Bank PLC was awarded the coveted “Bank of the Year Sri Lanka” title as adjudged by Global Finance USA for the year 2022 in its 29th edition of awards for the World’s Best Banks.

The Global Finance Awards are one of the major awards in the Banking & Financial Services Sector, across the globe. Accordingly, this is the second consecutive year the Bank was named “Best Bank in Sri Lanka” having won it in 2021 and the fourth year that NDB won this award, having won same in 2015 and 2018 previously.

NDB Bank has been charting a new course in the Sri Lankan banking landscape under the Bank’s brand ethos “The Future is Banking on Us”. The Bank has excelled in customer-centric solutions and deploying digitization at an impressive pace over the past few years despite the many challenges and obstacles in their path.

This win is a clear affirmation of NDB’s competence in consistently generating returns, gaining strategic initiatives and serving markets in line with Global Finance USA’s judging criteria.

This achievement affirms the significant impact and contribution NDB is making to the Sri Lankan banking sector, as the fourth largest listed banking entity in the country, with agility and nimbleness to stay relevant in the rapidly evolving industry landscape. It solidifies the distinct performance of NDB amongst its peers, and its ability to maintain consistency in performance amidst external challenges. NDB has always embraced digitization for external and internal process automations, introduced cutting-edge customer solutions and has a strategic commitment towards empowering the women’s market segment through initiatives such as NDB Araliya and the ‘Sri Lanka Vanithabhimana’ women’s empowerment initiative. Furthermore, Bank’s commitment to supporting the SME sector through NDB Jayagamu Sri Lanka, technological innovation and drive excellence in customer service that gives it a competitive edge. NDB wishes to thank its shareholders, customers, staff members and all other stakeholders for their unwavering support over the years.

With this win from Global Finance, NDB joins an elite group of best banks from their respective countries across the globe, such as The City Bank of Bangladesh, DBS Bank of Singapore, Commonwealth Bank of Australia and Bank of America of USA.

The 29th Best Bank Awards ceremony will be held in Washington D.C. during the IMF World Bank Annual Meetings.

This win for NDB comes in the light of NDB being recognised as the “Best Digital Bank 2021” at the Asiamoney Best Bank Awards for Sri Lanka in addition being named the “Most Awarded Corporate 2021” as per LMD ranking. The Bank was also recently awarded two Gold awards for Financial Inclusivity and Best Common ATM Enabler of the Year and one Merit Award Excellence in Customer Convenience at the Lankapay Technnovation Awards 2022. NDB is the 4th largest listed bank in Sri Lanka and the parent company of the NDB Group. The only financial services conglomerate in Sri Lanka, NDB Group is uniquely positioned towards assisting the growth and development of the Sri Lankan financial market to provide its customers seamless access to the product and service offerings of all its group companies.