National Development Bank (Sri Lanka)

The National Development Bank PLC (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 the 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, NDB was privatized and listed on the Colombo Stock Exchange.

National Development Bank PLC

NDB Head Office in Colombo as seen across Beira Lake
Type	Public
Traded as	CSE: NDB.N0000
ISIN	LK0207N00007
Industry	Financial services
Founded	1979 (1979)
Headquarters	Colombo , Sri Lanka
Number of locations	113 branches (92 ATMs)
Key people	Sriyan Cooray (Chairman) Dimantha Seneviratne (CEO)
Revenue	LKR21.741 billion (2021)
Operating income	LKR32.996 billion (2021)
Net income	LKR22.743 billion (2021)
Total assets	LKR708.802 billion (2021)
Total equity	LKR64.067 billion (2021)
Owners	Standard Chartered Bank Mauritius S/A Norfund (9.99%) Employees' Provident Fund (9.50%) Bank of Ceylon No. 1 Account (7.95%)
Number of employees	2,949 (2021)
Website	www.ndbbank.com
Footnotes / references [1]

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.[2]