| National Development Bank PLC | |
| Type: | Public |
| Industry: | Financial services |
| Hq Location City: | Colombo |
| Hq Location Country: | Sri Lanka |
| Num Locations: | 113 branches (92 ATMs) |
| Revenue: | LKR21.741 billion |
| Revenue Year: | 2021 |
| Operating Income: | LKR32.996 billion |
| Income Year: | 2021 |
| Net Income: | LKR22.743 billion |
| Net Income Year: | 2021 |
| Assets: | LKR708.802 billion |
| Assets Year: | 2021 |
| Equity: | LKR64.067 billion |
| Equity Year: | 2021 |
| Num Employees: | 2,949 |
| Num Employees Year: | 2021 |
| Footnotes: | [1] |
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.
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]
The bank won the 2021 Best Retail Bank Sri Lanka award.[3] NDB Bank has been recognised as the “Most Awarded Corporate 2021” as per 'Most Awarded' ranking by the LMD magazine.