National Development Bank of Sri Lanka
|Public limited company|
|Traded as||CSE: NDB.N0000|
|Headquarters||Colombo 02, Sri Lanka|
|Ananda W Atukorala (Chairman) / Ashok Pathirage (Deputy chairman) / Dimantha Seneviratne (CEO)|
|Products||Banking, financial, and related services|
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.
- "National Development Bank PLC". Euromoney Institutional Investor Company. Retrieved 8 June 2017.
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