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The prestigious Global Finance magazine of USA has pronounced National Development Bank PLC as the ‘Best Bank in Sri Lanka’, under the Emerging Market Banks’ awards in Asia Pacific 2015.
The award is conferred by the editors of Global Finance magazine, based on assessment of input from industry analysts, corporate executives and banking consultants.
Criteria for choosing the winners include growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products. In addition, a poll of Global Finance’s corporate readership has been conducted in order to increase the accuracy and reliability of the results.
Commenting on the award, NDB CEO Rajendra Theagarajah said: “We are delighted and honoured to be pronounced the ‘Best Bank in Sri Lanka’. Given the prestige and worldwide acceptance commanded by the Global Finance Magazine, this is an honour of the highest form. Moreover, the ‘Best bank in Sri Lanka’ award places NDB amongst the company of top performing banks in the region, including the ANZ Group (the winner of the regional award), State Bank of India, City Bank of Bangladesh, China Construction Bank and Standard Chartered Banks in Nepal and Pakistan, etc.”
This is the 22nd year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Latin America, Central and Eastern Europe, Asia-Pacific, the Middle East and Africa.
“Winning the ‘Best Bank in Sri Lanka’ title affirms that NDB is on an aggressive growth path and is now challenging the bigger players in the industry as a dominant financial powerhouse. It is also testimony for the dedication of the highly capable team at NDB. I wish to take this opportunity to bestow this great honour upon our staff members and our valued customers; along with the assurance that NDB will remain dedicated for continuous empowerment of individuals and communities, driving them towards seamless success while contributing towards sustainable national development. We are also fortunate to have a engaged and extremely supporting Board of Directors whose guidance has played a major role in our success to date,” Theagarajah added.
