Author Archive for Business
Sunday, November 9th, 2025
Courtesy The Daily Mirror Colombo, Nov 8. (Daily Mirror) – The Indo-Lanka bilateral trade volume has grown exponentially, but Sri Lanka appears to be a loser with a trade gap heavily in favour of India, Parliament was informed today. Raising a question under Standing Order 27 (2), National Democratic Front (NDF) MP Ravi Karunanayake said […]
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Posted in Business | Comments Off on Indo-Lanka FTA – bilateral trade grown, but Sri Lanka lags behind: Ravi K
Wednesday, November 5th, 2025
National Development Bank PLC Highlights FINANCIAL PERFORMANCE National Development Bank PLC, released its financial results for the nine months ended September 30, 2025, to the Colombo Stock Exchange recently. The results showcase impressive profitability growth backed by sound core banking operational growth as evidenced by net operating income and pre-tax profit expands by 32.3% and […]
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Posted in Business | Comments Off on NDB delivers exceptional 65% growth in post-tax profit during nine months
Tuesday, November 4th, 2025
Courtesy The Daily Mirror Colombo, November 4 (Daily Mirror) – Sri Lanka is planning to open international tenders during the first week of next month, calling for bids for oil and gas exploration and development in the Mannar Basin, an official said. The government earlier invited tenders to select a consultancy firm with expertise to […]
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Posted in Business | Comments Off on Sri Lanka ready to tap Mannar Basin’s $267Bn oil and gas potential
Thursday, October 30th, 2025
National Development Bank PLC National Development Bank PLC (NDB) continues to empower Sri Lanka’s export and manufacturing sectors with the introduction of its Tea Manufacturer Finance Programme, a specialised financial solution designed to support tea producers and exporters in expanding their operations and growing beyond borders. As one of Sri Lanka’s most iconic industries, tea […]
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Posted in Business | Comments Off on NDB Bank Strengthens Sri Lanka’s Tea Industry with the Tea Manufacturer Finance Programme
Tuesday, October 28th, 2025
National Development Bank PLC National Development Bank PLC (NDB) has entered into a Memorandum of Understanding (MoU) with Gavinro International (Pvt) Ltd., one of Sri Lanka’s latest EV franchise holders representing several reputed Chinese vehicle manufacturers. This strategic partnership is designed to provide customers with innovative and affordable leasing solutions across Gavinro International’s extensive range […]
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Posted in Business | Comments Off on NDB Bank Partners with Gavinro International (Pvt) Ltd. to Expand Access to Electric Passenger and Commercial Vehicle Financing
Monday, October 27th, 2025
National Development Bank PLC NDB Bank has entered into a strategic partnership with AHZ Education Consultants, one of the fastest-growing UK-focused education consultancies in the world. The collaboration, formalised through a Memorandum of Understanding (MoU) signed on 18th September 2025, further strengthens NDB’s Student File proposition, a holistic banking solution designed to support students and […]
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Posted in Business | Comments Off on NDB Bank Partners with AHZ Education Consultants to Empower Students Pursuing UK Higher Education
Friday, October 24th, 2025
National Development Bank PLC Twenty-four staff members from NDB Bank participated in a meaningful volunteer initiative on 10 October 2025 at the Anawilundawa Wetland Sanctuary, a vital Ramsar site in Sri Lanka. The programme was conducted under the Life of Our Mangrove project, in collaboration with Biodiversity Sri Lanka (BSL) and The Wildlife & Nature […]
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Posted in Business | Comments Off on NDB Volunteers Support Mangrove Conservation Efforts at Anawilundawa
Wednesday, October 15th, 2025
Courtesy Adaderana Decisions by most countries to not retaliate against U.S. President Donald Trump’s tariffs are among the top factors bolstering the global economy’s resilience, IMF Managing Director Kristalina Georgieva said on Tuesday. The world, so far, and I cannot stress enough, so far, has opted not to retaliate and to continue to trade pretty […]
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Posted in Business | Comments Off on IMF chief says lack of retaliation against Trump tariffs aiding global growth
Tuesday, October 14th, 2025
National Development Bank PLC NDB Bank, recently hosted an exclusive virtual well-being session for its esteemed Privilege clientele, reaffirming its commitment to offering holistic lifestyle experiences that go beyond traditional banking. The webinar, which saw an attendance of about 200 of NDB’s Privilege customers, focused on the highly topical subject, Diabetic Reversal: Fact or Myth”. […]
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Posted in Business | Comments Off on NDB Privilege Banking Hosts Exclusive Wellness Webinar on Diabetic Reversal
Monday, October 13th, 2025
National Development Bank PLC NDB Bank has signed a Memorandum of Understanding (MoU) with United Motors Lanka PLC (UML), one of Sri Lanka’s most pioneering and highly respected automobile companies with over eight decades of industry leadership. This strategic partnership enables customers to access flexible, affordable, and innovative leasing solutions across UML’s renowned range of […]
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Posted in Business | Comments Off on NDB Bank Partners with United Motors Lanka PLC to Strengthen Passenger and Commercial Vehicle Financing
Monday, October 13th, 2025
The Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) ISCCI Hosts Second Edition of Bridging Borders” Financial Dialogue in ColomboTheme: Enabling Sri Lanka’s Market Bond Issuance in Indian Currency – Pathways, Policies, and PreparednessDate: Wednesday, 15th October 2025Venue: BMICH, Colombo | Time: 3:00 PM – 6:00 PM | Followed by High Tea The Indo–Sri Lanka […]
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Posted in Business, Dr Sarath Obeysekera | Comments Off on ISCCI Hosts Second Edition of “Bridging Borders” Financial Dialogue in Colombo
Thursday, October 9th, 2025
National Development Bank PLC NDB Bank has entered into a strategic partnership with SJP Global (Pvt) Ltd., further strengthening its commitment to empowering the next generation of Sri Lankans through education. The partnership was formalised with the signing of a Memorandum of Understanding (MoU) on 27th August 2025, with a focus on enhancing the NDB […]
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Posted in Business | Comments Off on NDB Bank Partners with SJP Global to Empower Sri Lankan Students with Seamless Overseas Education Support
Wednesday, October 8th, 2025
National Development Bank PLC NDB Bank recently entered into a Memorandum of Understanding (MoU) with DIMO, a leading diversified conglomerate in Sri Lanka, to extend affordable and accessible leasing facilities to a wide spectrum of customers. This partnership reflects NDB’s continued focus on enabling mobility and empowering individuals and businesses through flexible, customer-friendly financial solutions. […]
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Posted in Business | Comments Off on NDB Bank Partners with DIMO to Expand Affordable Leasing Solutions for Passenger and Commercial Vehicles
Tuesday, October 7th, 2025
National Development Bank PLC NDB Privilege Banking successfully hosted the Global Education Expo 2025, an exclusive event curated for Privilege customers and their families, in collaboration with ACH Education. The event was held at the NDB Privilege Havelock Centre Branch and brought together a distinguished audience of clients keen on exploring global education opportunities for […]
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Posted in Business | Comments Off on NDB Privilege Banking Hosts Global Education Expo 2025 in Collaboration with ACH Education
Wednesday, October 1st, 2025
National Development Bank PLC NDB Bank is proud to announce that it has once again been certified as a Great Place to Work for the period July 2025 to July 2026, affirming its status as a leading employer and the only local bank in Sri Lanka to receive this esteemed recognition. The certification is based […]
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Posted in Business | Comments Off on NDB Bank Becomes The Only Local Bank to be Named as a Great Place to Work
Thursday, September 25th, 2025
National Development Bank PLC NDB Bank reaffirmed its steadfast commitment to empowering Sri Lankan exporters by hosting another successful Exporter Forum in Kandy. The event brought together a distinguished audience of exporters, business leaders, and key stakeholders to exchange insights and explore pathways to drive the country’s export growth. The forum, part of NDB’s ongoing […]
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Posted in Business | Comments Off on NDB Bank Hosts Exporter Forum in Kandy to Strengthen Sri Lanka’s Export Growth
Tuesday, September 23rd, 2025
National Development Bank PLC National Development Bank PLC (NDB) has introduced a specialised Tourism Sector Auto Loan Scheme, designed to support the revival and growth of Sri Lanka’s tourism industry by facilitating access to affordable transport solutions. This initiative underscores NDB’s continued commitment to strengthening vital industries that contribute significantly to the national economy. The […]
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Posted in Business | Comments Off on NDB Bank Launches Tourism Sector Auto Loan Scheme to Empower Industry Revival
Tuesday, September 23rd, 2025
Courtesy CNA NEW DELHI :Sri Lanka has no immediate plans to import liquefied natural gas (LNG) from India, as the required infrastructure including storage facilities is yet to be built, the country’s energy minister said on Tuesday. India announced last year it would supply LNG to Sri Lanka’s power plants and work on cross-border energy […]
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Posted in Business | Comments Off on Sri Lanka says no immediate LNG imports from India as infrastructure lags
Monday, September 22nd, 2025
National Development Bank PLC NDB Bank recently entered into a strategic partnership with Ideal Motors (Pvt) Ltd., the official distributor for Mahindra vehicles in Sri Lanka, through the signing of a Memorandum of Understanding. This collaboration marks a significant step in providing affordable and accessible financing solutions for both individual customers and SMEs Through this […]
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Posted in Business | Comments Off on NDB Bank Partners with Ideal Motors to Drive Affordable Leasing Solutions
Saturday, September 20th, 2025
National Development Bank PLC National Development Bank PLC is proud to announce its achievement of winning Gold at the SLIM DIGIS 2.5 Awards, Sri Lanka’s premier recognition for excellence in digital marketing. The accolade was awarded for the Bank’s NDB Avurudu Dupatha campaign, a bold and innovative initiative that blended gaming, storytelling, and digital banking […]
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Posted in Business | Comments Off on NDB Bank Wins Gold at SLIM DIGIS 2.5 for Groundbreaking Gamer-Led NEOS Campaign
Wednesday, September 17th, 2025
National Development Bank PLC Strengthening its commitment to sustainability and economic progress, NDB Bank, in collaboration with the Ministry of Industries, has introduced a special facility under the E-Friends II” Refinance Loan Scheme dedicated to promoting solar adoption among Sri Lankan entrepreneurs. This initiative is designed to make renewable energy more accessible and affordable, enabling […]
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Posted in Business | Comments Off on NDB Bank Partners with Ministry of Industries to Power Businesses with Solar through E-Friends II Refinance Loan Scheme
Wednesday, September 10th, 2025
National Development Bank PLC NDB Bank ceremoniously opened its relocated Akkaraipattu branch on 10th September 2025 at its new premises, No. 71, Ampara Road, Akkaraipattu, marking a significant milestone in its continued journey of serving the community. Originally established in 2015, the Akkaraipattu branch has proudly served its customers for over nine years, supporting families, […]
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Posted in Business | Comments Off on NDB Bank Relocates Akkaraipattu Branch to Enhance Customer Experience
Wednesday, September 3rd, 2025
National Development Bank PLC NDB Bank recently concluded the much-anticipated 2025 edition of its signature quiz competition, Battle of the Brains”, an exciting initiative designed to foster camaraderie, collaboration, and continuous learning among its employees. This year’s competition saw an overwhelming response, with 69 teams registering from across the Bank. Of these, 66 teams competed […]
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Tuesday, September 2nd, 2025
National Development Bank PLC NDB Bank’s SME Re-Energizer Loan is designed to fuel the growth ambitions of Sri Lanka’s Micro, Small and Medium Enterprises (MSMEs) and start-ups. Launched in collaboration with the Sri Lankan Government, this timely initiative underscores NDB’s role as a steadfast partner in enabling entrepreneurship and empowering businesses that form the backbone […]
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Friday, August 29th, 2025
National Development Bank PLC NDB Bank, in partnership with NewsFirst, proudly celebrated the Grand Finale of the Sri Lanka Vanithabhimana Awards on 20 August 2025, honouring extraordinary women across the island and marking a milestone season that advanced beyond recognition to long-term empowerment through the programme’s five-year sustainability model. This year built on the initiative’s […]
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Thursday, August 28th, 2025
National Development Bank PLC Reinforcing its commitment to making overseas education a seamless journey for Sri Lankan students and their families, NDB has entered into a strategic partnership with ACCHE (Academy of Career Counselling Higher Education) through the signing of a Memorandum of Understanding (MOU) on 25th August 2025. The MOU was formally signed by […]
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Wednesday, August 27th, 2025
National Development Bank PLC NDB Bank is proud to announce its partnership with Waters Edge as the Principal Partner for the much-anticipated Oktoberfest at the Edge 2025, set to take place on the 24th, 25th, and 26th of October at Waters Edge, Colombo. Renowned as one of the most vibrant celebrations of Bavarian culture in […]
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Tuesday, August 26th, 2025
National Development Bank PLC National Development Bank PLC hosted its Analyst Earnings Call recently to discuss the Bank’s financial results for the six months ended 30 June 2025. This was subsequent to the release of the Bank’s financial results to the Colombo Stock Exchange on the 14th of August 2025, where the Bank recorded an […]
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Friday, August 22nd, 2025
National Development Bank PLC NDB Bank proudly celebrated the 13th Executive Committee Installation Ceremony of the NDB Toastmasters Club on 6 August 2025 at the Hilton Colombo Residencies, an evening marked by leadership, fellowship, and inspiration, reflecting the Bank’s commitment to nurturing talent, empowering communication, and fostering personal and professional growth among its employees. The […]
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Sunday, August 17th, 2025
Courtesy Lloydslist The Sri Lankan supreme court ordered the owners of X-Press Pearl to pay a fine of $1bn after the containership was lost in 2021 and polluted water off the island nation X-Press Feeders has accused the court of convicting the vessel’s master and its agents before their trials have concluded, while the London […]
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