National Development Bank PLC (NDB)

financial services

colombo 02, sri lanka

The National Development Bank (NDB Bank) was established in 1979 as one of the premier Development Financing Institutions (DFI) in Sri Lanka. Proudly enjoying a history of over 40 years, NDB Bank has evolved and transformed itself to become the 4th largest private commercial bank keeping pace with the dynamic business landscape. The Bank has made considerable strides in the Sri Lankan banking and finance sector, with operations in Retail, Business, Corporate Banking and Project Finance. The Bank continues empowering its customers through cutting edge solutions, gender empowerment projects(such as "Sri Lanka Vanithabhimana") ,driven through its banking on women proposition developed in partnership with IFC and "Jayagamu Sri Lanka" a platform to support and strengthen SMEs, exporters & entrepreneurs whilst working with USAID project ‘SL @ 100’ along with other partner organisations. NDB was awarded “Best Bank in Sri Lanka 2022” for the 2nd consecutive year by Global Finance Magazine USA and “Best Digital Bank 2021” at Asia money Best Bank Awards in addition to being named the “Most Awarded Corporate” in 2021 as per LMD ranking. NDB has a network of 113 branches and is a pioneer in the digital banking services sphere with NDB NEOS. The Bank’s customers also enjoy the synergies of being a part of the largest financial services group which includes NDB Capital Holdings, NDBIB, NDB Securities and NDB Wealth. With its all-encompassing suite of financial solutions, a strong governance and compliance framework, the NDB Group possesses a unique competitive advantage in the financial services and capital market sectors. The Bank’s national long-term rating issued by Fitch Ratings Lanka Limited was affirmed at A-(lka).

LB Finance PLC

financial services

colombo 07, western province, sri lanka

LB Finance PLC (LBF) is a licensed finance company. It was incorporated in May 1971 as a private limited liability company and subsequently converted to a public limited liability company in 1982. The Company was listed on the Colombo Stock Exchange in 1998 and was re-registered in June 2008 under the new Companies Act No. 7 of 2007. At the beginning, the majority shareholding was held by Lewis Brown & Company Limited. In 1994, Vanik Incorporation Limited acquired the controlling interest of the Company. Mr. Dhammika Perera, a well-known iconic entrepreneur took over the Company in 2003 and turned it around to be the vibrant and leading finance company that it is today. LBF is a company in the Group of Vallibel One which is a diversified holding Company with strategic investments in multiple industries. Backed by a strong financial tradition of over 50 years, LBF offers a portfolio of financial solutions trusted widely by corporates, SMEs and individuals alike. The Company operates a wide network of more than 185 branches in Sri Lanka and 12 branches in Myanmar.

Commercial Credit and Finance PLC

financial services

colombo, western province, sri lanka

Fourth October 1982 witnessed the birth of Commercial Credit Limited in the hill capital of Kandy. The Company, registered as a Finance Company under Finance Companies Act No. 78 of 1988 under the Monetary Board of Central Bank of Sri Lanka from a steady foundation laid over a period of 28 years has re-emerged as the NEW KID IN THE BLOCK with the shifting of the main operations of the Company to Colombo in March 2010. During the initial stages of operations, the Company was mainly focused on lending to the Agricultural sector with this sector accounting for over 50% of the lending portfolio. Although the Company had 16 locations spread around the country, the traditional agricultural regions of the country, such as Anuradhapura, Dehiattakandiya, etc., accounted for the bulk of the business of the Company. A key achievement of the Company during its first phase of the existence was the inculcation of a very strong culture of Process and System driven mind set. This has resulted in the development of a highly advanced Management Information System (MIS), enabling the Company to manage day-to-day operations with a very lean staff structure. The Process Mind Set also enabled the Company to obtain ISO 9001:2008 in October 2006 for enhanced quality management compliance.