National Development Bank PLC
CCSELK:NDB.N0000103.00
LKR
-1.00
(-0.96%)
ISIN
LK0207N00007
Return %
Stock
S&P 500
1Y
-27.58
14.20
3Y
70.92
81.12
5Y
60.72
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Kelum Edirisinghe
- Full Time Employees
- 2,864
- Sector
- Finance
- Industry
- Major banks
- Address
- Colombo Sri Lanka
- IPO Date
- Apr 26, 1993
- Website
- ndbbank.com
- Similar Companies
- Business
- National Development Bank PLC is a Sri Lanka-based financial services conglomerate providing commercial, development, retail, corporate, and investment banking solutions to individuals, small and medium-sized enterprises (SMEs), corporations, and institutional clients. The company operates through distinct business segments comprising Banking, Capital Markets, Wealth Management, and Property Investment. Its personal and retail banking portfolio includes current and savings accounts, fixed and foreign currency deposits, housing loans, personal loans, automobile leasing, and credit and debit cards, as well as dedicated demographic banking propositions such as NDB Araliya for women entrepreneurs. Its business and corporate banking offerings encompass working capital financing; term and syndicated loans; project financing; international trade finance, documentary credits, and letters of credit; supply chain financing; cash management; and treasury services, including foreign exchange dealing, fixed-income trading, and interest rate risk management. Through its investment banking and capital market subsidiaries operating under NDB Capital Holdings PLC, the bank provides corporate advisory, debt and equity capital market syndication, initial public offering (IPO) management, mergers and acquisitions advisory, discretionary wealth management, mutual funds, stockbroking, and private equity management. Digital banking solutions are delivered via the NDB NEOS mobile and online banking platforms, NEOS Pay merchant solutions, and proprietary electronic trade platforms. Founded in 1979 as a development finance institution and converted to a licensed commercial bank in 2005, National Development Bank PLC is headquartered in Colombo, Sri Lanka, operating an extensive nationwide branch network alongside regional investment banking operations in Bangladesh through NDB Capital Limited. In recent developments, the bank successfully issued LKR 16.0 billion in Basel III-compliant Tier II Green, Social, Sustainability, and Sustainability-Linked (GSS+) debentures on the Colombo Stock Exchange to expand its sustainable lending portfolio and strengthen capital adequacy. The institution also partnered with Visa to introduce the Card Present Connect (CPC) acceptance solution across smart point-of-sale terminals, deployed the upgraded TradeLinc 2.0 supply chain finance platform alongside its AI-driven Secure360 infrastructure, and strengthened its multi-faceted strategic and green financing collaboration with the International Finance Corporation.