National Development Bank of Sri Lanka

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National Development Bank PLC
Public limited company
Traded asCSENDB.N0000
IndustryFinance
Founded1979
HeadquartersColombo 02, Sri Lanka
Area served
Sri Lanka
Key people
Ananda W Atukorala (Chairman) / Ashok Pathirage (Deputy chairman) / Dimantha Seneviratne (CEO)
ProductsBanking, financial, and related services
Websitewww.ndbbank.com

The National Development Bank PLC (or commonly referred to as NDB Bank) is a Sri Lankan banking and financial services institution, headquartered in Colombo, Sri Lanka. Having begun operations as a state-owned development finance institution in 1979. In January 1979,the predecessor of National Development Bank PLC (“NDB” or “Bank”) was set up by National Development Bank of Sri Lanka Act No 2 of 1979 as “National Development Bank of Sri Lanka”, as a wholly state owned institution. Following a change of ownership structure in 1993 where NDB was privatized and listed on the Colombo Stock Exchange.

As a part of its long term plans in 2001, NDB incorporated a commercial bank under the Companies Act No 2 of 1982 under the name “NDB Bank Limited” (“NBL”) to take over the business and operations of ABN Amro NV Colombo Branch ("ABN Amro").

On 29 July 2005, NDB acquired the business and operations of NBL (NDB Bank Limited) and converted from a Licensed Specialed Bank to a Licensed Commercial Bank.

[1]
NDB headquarters in Colombo.

References[edit]

  1. ^ "National Development Bank PLC". Euromoney Institutional Investor Company. Retrieved 8 June 2017.

External links[edit]