National Development Bank PLC (NDB) has been named Sri Lanka’s Best Bank for Corporates at the Euromoney Awards 2024, highlighting the bank’s unparalleled commitment to supporting businesses across various sectors.

The Euromoney Awards are known for their rigorous assessment process, and NDB’s victory in the Best Bank for Corporates category is a reflection of the bank’s continuous efforts to provide value-added services for corporate clients, including large enterprises, small and medium-sized enterprises (SMEs), and emerging businesses.

NDB’s Corporate Banking capabilities are rooted in understanding the specific needs of businesses. NDB’s NEOS Corporate, a cutting-edge platform that is redefining corporate banking in Sri Lanka, offers an advanced suite of online payment solutions and cash management tools and also provides seamless control over domestic and international transactions, bulk payments, and salary disbursements.

This sophisticated platform also introduces features such as electronic cheque printing, real-time tracking, and chequebook request modules—offering unprecedented control and transparency to corporate clients. NDB’s focus on security is evident with the inclusion of two-factor authentication (hard and soft tokens), ensuring the highest standards of digital protection for its users. Further, NEOS Corporate enables multiple company linkages under the same user ID, streamlining operations for group entities and providing solutions that drive operational efficiency, growth, and innovation.

Moreover, NEOSBIZ, a digital banking solution tailored for SMEs, enables users to manage financial operations with ease, offering features like bulk fund transfers, employee salary payments, and secure multi-user access.

Additionally, the bank provides tailored financing options, trade finance, Treasury services, and advisory solutions designed to help businesses navigate challenges and capitalise on opportunities both locally and globally. With a strong emphasis on personalised service, NDB’s experienced relationship managers work closely with clients to offer strategic guidance and financial products suited to their unique business goals.

In its commitment to advancing Sri Lankan businesses, NDB has developed partnerships with several third-party organisations such as the International Finance Corporation (IFC), the National Enterprise Development Authority (NEDA), and the Export Development Board (EDB). These collaborations are designed to offer enhanced financial support and advisory services, creating new opportunities for business growth and market expansion.

Kelum Edirisinghe, CEO of NDB Bank, praised this milestone, saying, “This award demonstrates NDB’s unwavering dedication to empowering corporate clients with transformative digital solutions. We are proud to lead the way in digital innovation, driving Sri Lankan businesses forward into the future.”

This prestigious recognition is a testament to NDB’s strategic vision in delivering comprehensive corporate banking services, sustainable growth, customer-centric innovations, and pioneering digital solution solutions that aim to drive economic growth by catering to the diverse needs of the corporate sector.

NDB remains grateful to its corporate clients, shareholders, and employees for their support in achieving this milestone and looks forward to continuing its journey of excellence in corporate banking and financial services.