National Development Bank PLC (NDB) provides various financial services in Sri Lanka.
The company has collaborated with several partner organizations, such as the Export Development Board (EDB), Cord 360, Maersk (Pvt) Ltd, Codevus (Pvt) Limited (ERP service provider), and Thinkcube Solutions (Pvt) Ltd (ERP service provider).
Personal Services and Products
The company offers the following personal services and products:
Accounts: Includes savings accounts, current accounts, salary accounts, s...
National Development Bank PLC (NDB) provides various financial services in Sri Lanka.
The company has collaborated with several partner organizations, such as the Export Development Board (EDB), Cord 360, Maersk (Pvt) Ltd, Codevus (Pvt) Limited (ERP service provider), and Thinkcube Solutions (Pvt) Ltd (ERP service provider).
Personal Services and Products
The company offers the following personal services and products:
Accounts: Includes savings accounts, current accounts, salary accounts, senior citizens accounts, children's savings accounts, investment accounts, and youth accounts.
Card Offers: The company provides cards for restaurants & pubs, supermarkets, jewellery & watches, hotels & villas, travel, hospital & healthcare, online stores, wellness & beauty care, education, toys & baby care, automobile, outdoor activities/ entertainment, insurance, special IPP promotions, VISA offers, and solar, housing & construction.
Loans: Includes Solar Vantage Loans, Pawning, Araliya, Business Loans, Home Loans, Personal Loans, and Educator Loans.
Leasing: Includes leasing for registered / unregistered vehicles, NDB Riya Abhiman, NDB SME auto loans, leasing for professionals, easy payment installment plan, and vehicle accommodation facilities.
Remittance: Includes Western Union Money Transfer. Western Union Money Transfers are spread across the globe, western union facilitates the sending of money instantly, to Sri Lanka and could be collected at any NDB branch and its' agents, such as Singer Sri Lanka, Regional Development Bank (RDB Bank), Sarvodaya Development Finance and Softlogic branches located throughout the country.
Mobile Banking: Includes NDB NEOS Mobile Banking. NEOSPay is a convenient, fun way to make payments through the NEOS App. NDB NEOS is enabled with real time fund transfer capability (CEFTS) for other bank fund transfers and credit card payments.
E-statement: An interactive statement with a graphical analysis for the personal and corporate accounts.
Safe Deposit Lockers: NDB Safe Deposit Lockers are available at most of the company's branches, in three sizes, to suit the customers' needs.
Deposits: Includes fixed deposits, foreign currency deposits, and special deposit accounts.
Online Tax Payment: All corporate and individual customers of NDB who have the E- Window, NEOS online banking or NEOS Mobile App facilities can conduct TAX payments to Inland Revenue Department (IRD) via above channels.
Business Banking Services and Products
The company offers a host of tailor-made services and investment opportunities specially designed to suit the business needs. The company offers the following business banking services and products:
Solutions for Small Businesses
The company offers business loans, such as current accounts, savings and investments, trade finance, project loans & re-finance schemes, small business & micro loans, and digital banking.
Solutions for Mid-Size Businesses
The company offers services of business banking for mid-size businesses, such as current accounts, savings & investments, trade finance, project loans & re-finance schemes, and digital banking.
Jayagamu Sri Lanka
'NDB Jayagamu Sri Lanka' is a platform aimed at lending support to Small & Medium Scale Enterprises (SMEs), emerging exporters, aspiring entrepreneurs and enthusiastic innovators of Sri Lanka who are severely challenged by the effects of the pandemic and the resultant impact in global trade and logistical practices.
Corporate Banking
The company offers the following corporate banking services and products:
Cash Management: The company offers its corporates and business banking customers with a full range of domestic and international payment capabilities. Includes Transaction Banking, eWindow (Corporate online banking), and Chinese Business Desk.
Project Financing: The company offers project loans. NDB's investment banking subsidiary, NDB Investment Bank, has structured several securitizations for various industries. The bank participates by way of subscriptions to securitization instruments of selected securitization exercises.
Working Capital Finance: NDB Corporate Banking offers a range of corporate credit facilities, in Sri Lankan rupees and in other major currencies.
Money Market Products: Short Term Loans and Commercial Papers at rates linked to money market rates, are also available to finance short-term working capital requirements.
Trade Finance: A range of Trade Finance facilities, which are structured in line with the working capital cycle, are available to finance your trade activities.
Trade Services: NDB offers a full range of trade services, delivered by an efficient and experienced staff. The company's services include establishing/advising letters of credit, processing collection bills, issuing shipping guarantees, and issuing bank guarantees.
Leasing: Includes Leasing for Registered / Unregistered vehicles, NDB Riya Abhiman, NDB SME Auto Loans, Leasing for Professionals, Easy Payment Installment Plan, Vehicle accommodation facilities, Treasury Products, Trade Card Services, E-Statements, Specialized Commercial Markets Division, and Online Tax Payment.
Treasury Products: NDB offers a range of Treasury products and services delivered by a competent team.
Dealing in Foreign Exchange: The company offers competitive rates for buying and selling foreign exchange, and for raising loans in foreign currencies to finance trade transactions. The company also offers facilities to hedge foreign exchange risks of importers and exporters through buying and selling foreign exchange in the forward market.
Corporate Deposits: The company offers a range of deposit products that are suitable for corporates to invest their surplus cash positions. These include call and term deposits from the bank, Government Treasury Bills and Corporate debt papers.
Customised Treasury Solutions: NDB is geared to offer specific treasury solutions, such as structuring and marketing corporate debt instruments - (commercial paper / floating rate notes) for your funding needs, as well as balance sheet risk management tools, such as interest rate swaps and forward rate agreements that will enable you to stay ahead of the competition.
Corporate Advisory: The company also offers its customers a comprehensive range of corporate advisory services, including advice on currency and interest rate movements, and hedging techniques.
Trade Card Services
TradeCard, Inc. is the leading provider of on-demand supply chain management solutions. The TradeCard Platform synchronizes financial transactions with physical events in the global supply chain to help customers automate trade transactions from purchase order to payment and chargebacks. Buyers, sellers and their trading partners manage transactions through a web-based platform with online financial services integrated into the workflow. This turnkey transaction management enables customers to improve margins and enhance growth, with extra-organizational supply chain visibility. TradeCard's on-the- ground trade experts throughout the world assure superior supply chain agility.
TradeCard provides a rapidly deployed value network for the extended supply chain. Its services and global trading partners are delivered on a software-as- a-service supply chain platform that connects more than 3,000 buyers, suppliers and service providers. TradeCard helps clients that range from $10 million to over $20 billion in revenue to transform the supply chain into a value chain by eliminating waste and delay from the sourcing process. Financial services available on the TradeCard Platform help companies of all sizes to better compete by improving margin and cash flow. TradeCard's hosted model and global support team enable rapid deployment in as little as 45 days. TradeCard enables sellers to request financing online and allows the financing bank to view transaction documentation electronically to improve speed and efficiency in the financing process.
TradeCard manages global trade for thousands of users in over 40 countries, including Columbia Sportswear, Rite Aid and Wolverine Worldwide. TradeCard Inc. is headquartered in New York City and has offices in San Francisco, Hong Kong, Brussels, Taipei, Seoul, Colombo, and Shenzhen.
In January 2008, TradeCard Inc. entered into a partnership deal to add NDB to its global network The partnership enables NDB to leverage the TradeCard Platform to provide import and export financing services, reduce transaction costs and improve transaction visibility.
NDB will offer the following services to customers using the TradeCard Platform: import financing, pre-export financing, post-shipment financing, electronic delivery of financing applications, and automated compliance checking of documents.
E-Statements
NDB Green Statements - An interactive statement with a graphical analysis for your personal and corporate accounts.
Specialized Commercial Markets Division
NDB sets up a Specialized Commercial Markets Division within its Corporate Banking business.
The Division offers integrated customer solutions across different corporate market segments. Its products are structured and developed to meet the varying, often unique requirements of enterprises of different sizes.
Structured trade finance, focused on providing unique value propositions to customers engaged in small and medium-scale industry, is one of the key products of the Division. Another product, channel finance, focuses on strengthening the supply and distribution channels of customers operating in the local market, adding value to NDB's growing Commercial Banking and SME franchises.
Tax Payments via Online Banking platform/ Mobile App
All Corporate and Individual customers of NDB Bank who have the E- Window, NEOS online banking or NEOS Mobile App facilities can conduct TAX payments to Inland Revenue Department (IRD) via above channels.
Cards
The company offers NDB VISA debit cards, NDB credit cards (Non Premier Cards (Platinum), Premier Cards (Signature and Infinite), LoungeKey, Araliya credit card, and Affinity Cards), prepaid cards, and card offers (restaurants & pubs, supermarkets, jewellery & watches, hotels & villas, travel, hospital & healthcare, online stores, wellness & beautycare, education, toys & babycare, automobile, outdoor activities/ entertainment, insurance, special IPP promotions, VISA offers, and solar, housing & construction).
History
National Development Bank PLC was founded in 1979. The company was incorporated in 1979.
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