NDB Archives

February 26, 2024

26^th February 2024: AIA Insurance made headlines with its 2024 Partnership Distribution Business Launch. Paving its way towards nearly two decades of collaborative success, the event showcased AIA’s dynamic evolution in the Bancassurance industry. AIA has been working closely with leading banks, including long-standing partners NDB and DFCC. These enduring collaborations have played a pivotal role in AIA’s success story. Furthermore, AIA recently secured an exclusive partnership with Commercial Bank, expanding its footprint in the financial landscape. The event also felicitated the NDB CEO, Dimantha Seneviratne for his collaborative leadership towards the growth of the AIA-NDB Bancassurance partnership. In addition to these banking partnerships, AIA has forged strong ties with NDB Wealth Management, while also continuing their long standing relationship with key insurance brokers. The 2024 Partnership Distribution Business Launch highlighted these collaborative efforts, emphasizing AIA’s dedication to innovation and customer centric services as it paves its way towards the next phase of its transformative journey.

January 31, 2024

John Keells Properties, Sri Lanka’s premier real estate developer, has partnered with NDB to provide aspiring homeowners attractive mortgage packages to invest in their dream homes at Viman Ja-Ela; John Keells Properties’ latest residential project.

The innovative and flexible mortgage solutions offered by NDB will enable prospective homeowners to access financing plans that match their financial capabilities and ownership goals. These packages are designed to empower homebuyers to purchase an apartment at Viman swiftly and seamlessly.

Renowned for its development of premier residential apartments, John Keells Properties has been instrumental in shaping Sri Lanka’s urban residential landscape, and ‘Viman’ is set to transform contemporary living in the heart of Ja-Ela.

Commenting on the partnership, Nadeem Shums, Head of Sales & Marketing – John Keells Properties and Vice President – John Keells Group stated: “We are pleased to join hands with NDB and facilitate attractive home loan packages for customers at Viman Ja-Ela. The partnership reiterates our commitment to understanding homebuyer aspirations and enabling a smooth homeownership journey through strategic financing solutions.”

NDB Bank is uniquely positioned to assist prospective buyers with flexible repayment options.

Zeyan Hameed, Vice President, Branch Network Management & Product Development, NDB Bank PLC added, “NDB Bank is pleased to collaborate with John Keells Properties and open up flexible avenues for home ownership at Viman Ja-Ela. We believe it is an ideal time for aspiring homeowners to consider purchasing residential properties, and our customized financing plans will empower them to embark on their journey with confidence.”

Viman Ja-Ela is set to redefine modern living and create a true sense of community in a serene environment. Spread across 6 acres, offering a harmonious blend of modern comforts with 418 apartments, Viman is designed to provide a secure, family-friendly environment with convenient access to Colombo city while retaining the charm of a small-town setting.

Located in the heart of Ja-Ela, residents have easy access to an array of conveniences including supermarkets, banks, restaurants and hospitals. Furthermore, Viman offers the distinct advantage of proximity to the Colombo Port access highway, facilitating exceptional connectivity between Ja-Ela and Colombo. This partnership will enable more Sri Lankans to easily invest in Viman’s vision of ecological urban living, creating dream living spaces.

For more information about Viman Ja-Ela and available mortgage packages, contact John Keells Properties on 0706 062 062 or visit their website at www.viman.lk

December 9, 2022

Colombo, Sri Lanka, December 2022 – NDB Wealth Management Ltd, the largest private sector fund management company in Sri Lanka with over Rs. 150 Billion in Assets under Management, recently announced the launch of the ‘Ask NDB Wealth’ web-series. The series is freely available to audiences across five social media platforms, providing curated insights aimed at increasing investor awareness of market and investment opportunities in Sri Lanka.

The ‘Ask NDB Wealth’ web-series is available to viewers on LinkedIn, YouTube, Facebook, Instagram and Twitter and is updated weekly utilising the expertise and intricate knowledge of Fund Managers and Analysts at NDB Wealth focusing on market trends, and potential risks & opportunities available to investors. Viewers are given access to public information on the overall market, including updates on the share market and weekly interest rate fluctuations. Interested customers can seamlessly onboard themselves by applying online through the official website of NDB Wealth Management LTD.

CEO, NDB Wealth Management LTD – Ruwan Perera, on the launch of the series, stated: “We believe education and awareness will help all investors, not only clients of NDB Wealth Management, to make the right decisions to benefit from their investments in the long run. The more you know, the better the decisions you make. Whether you are a client of NDB Wealth or generally interested in investing, NDB Wealth is committed to enhancing investor knowledge and helping young and old investors alike, make smart decisions on their investments.”

The company is the market leader in the Unit Trust category with over 34% market share (as at October 2022); and manages the single largest unit trust fund in the industry; NDB Wealth Money Fund which has over LKR 43 Billion in assets invested in Treasury securities and high quality bank deposits (as at November 29, 2022).This and more, puts NDB Wealth Management in a unique position to share its expertise with a large audience to assist investors in making safer and far more profitable investment decisions.

Vindhya Jayasekara, Chief Investment Officer, NDB Wealth Management LTD noted “Opportunities have opened up for long term value investors. Interest rates have moved up from 8.24% (1-year TBill) levels which prevailed at the beginning of the year to hover around 29.46% p.a. in December. Similar to Treasury Bill rates all other rates in the economy have also moved up including Bank deposits and lending rates as well as interest rates offered by other instruments. High interest rates are the ideal time for investors to start investing, where they can lock in higher interest rates for longer periods of time to elevate their long-term returns. The share market came down by over 40% by April 2022 and still remains negative, year-to-date having lost over 28.0% from the beginning of the year.“

NDB Wealth is a fully owned subsidiary of NDB Bank – one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group – which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

August 12, 2022

Financial planning and managing investments are increasingly playing a critical role in the life of every individual. True financial resilience has been tested at all levels of society throughout the past months. NDB Wealth Management, having begun its momentous journey, 29 plus years ago, has always been a driving force, identifying and advising clients on the best savings or investment solution whilst taking into consideration the potential risks associated therein.

“Proper financial planning and management of investments is beyond doubt important to every person. Whether it is planning for retirement or saving for a rainy day, it’s critical to know that you are doing the right thing for yourself, your family or your business. Prudent financial planning will give you the added comfort towards meeting unanticipated increases in expenses especially in the current scenario,” stated Nadun Pathirana, AVP Sales at NDB Wealth Management.

Money Fund from NDB Wealth is a multi-purpose account for individuals and corporates which is well placed for the short-term cash management needs of companies and individuals alike. It is the ideal account for all individuals and businesses looking at solidifying the future and stepping up in life, making it the fund for every season, for everyone.

Commenting further Nadun said, “At NDB Wealth, our team of Relationship Managers are backed by a strong investment team who continuously monitor investment conditions in the market and supports the client plans on saving or investing by advising the client on the best savings or investment solution taking into consideration the level of liquidity and the potential risks associated with the investment. NDB Wealth management plays a very important role in managing such conditions that may impact clients negatively.”

Money Fund by NDB Wealth with a current yield of 18.32% as at 29th July 2022 is an ideal alternative to your savings which will get your money working harder for you. The Money Fund account delivers a host of benefits offering lucrative returns, with interest credited daily and offering a high level of capital safety enabling investors to live stress free. In the long term, the yield of NDB Wealth Money Fund will help a saver build a secondary source of income.

Entrust your hard-earned money with Money Fund from NDB Wealth and your returns will assuredly do the talking. It’s time – you invested wisely and well. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship manager and set up your Money Fund. You can also visit their website www.ndbwealth.com to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you to achieve full financial independence, with all the benefits it entails.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved.

June 23, 2022

NDB Wealth Management Limited, has appointed Ruwan Perera as the new Chief Executive Officer, from June 2022. Ruwan served as Chief Operating Officer since 2014 and has been a pioneering team member of NDB Wealth since 2009 when it was established under NDB Group. He succeeds Prabodha Samarasekera, who recently retired after serving as CEO for 13 years.

Backed by over 20 years of experience in the financial services sector including Fund Management and Primary Dealer industries, Ruwan Perera has all-round experience in the fund management industry and was instrumental in establishing the retail sales segment for NDB Wealth which is by far the largest in the industry.

Commenting on his new appointment Ruwan stated, “I am truly honored and privileged to take on this new role at NDB Wealth Management especially in such a challenging environment locally and globally. The priorities and needs of our clients, people, regulatory bodies and other stakeholders are being put to the test and are changing rapidly too. I am eagerly looking forward to leading a very strong and talented team who have the unique capabilities to capitalize on the ever-changing global financial landscape in thoughtful and innovative ways which will definitely benefit all our stakeholders.”

“Ruwan’s outstanding ability and leadership, coupled with his experience in the fund management arena on advising clients makes him an ideal person for this role. “We strongly believe Ruwan will be able to provide the leadership for NDB Wealth Management’s next phase of growth and work closely with rest of NDB Capital group companies and NDB to harness group synergies”, said Senaka Kakiriwaragodage, Chief Executive Officer of NDB Capital Holdings Limited, Investment Banking cluster of NDB Bank

An Alumnus of the University of Colombo, Ruwan graduated with a BSc in Physical science. He has served as the President of the Unit Trust Association of Sri Lanka since 2016 and possesses an MBA in Finance together with a Master of Arts in Financial Economics, from the University of Colombo. Ruwan is also an Associate Member of the Chartered Institute of Management Accounting (ACMA, UK) and a Member of the Chartered Global Management Accountant (CGMA). Furthermore, Ruwan has sharpened his leadership skills through executive programs by the Harvard Business School and Indian Business School.

NDB Wealth is a 100% owned subsidiary of the NDB Capital Holdings Limited which in turn is a subsidiary of NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

January 5, 2022

Expert financial and wealth management planner NDB Wealth heralds the new year 2022, with much anticipation hoping that success will be at the forefront for all their loyal customers.

A key part of NDB Wealth Management’s strategy has always been on educating consumers on the importance of financial planning, investment and wealth management. Never has the dawning of a New Year been viewed with as much expectation and hope for the coming of 2022 as the past two years have tested the mettle of most individuals, businesses and corporates. Adjusting to the new norm, businesses need to look beyond the usual and deploy the safest, yet most rewarding financial solutions to meet financial objectives.

“Planning for financial security and stability is of paramount importance and one that you should definitely focus on during the new year. This is an area which can have a tremendous impact not only on your life but also on the success of your business and the impact will be felt by the future generations too. At NDB Wealth, our dynamic investment portfolio has wide-ranging plans that can help to financially enhance diverse businesses. Backed by our proven expertise, we are able to help and guide our customers to make sound decisions to optimize their investments and reap better benefits with long term growth and prosperity,” commented Prabodha Samarasekera, CEO of NDB Wealth Management.

NDB Wealth financial plans are designed to reflect an investor’s current situation and address the future needs and wants. The diverse range of investment plans can help you plan and manage your financial growth stress free. Money Fund, a Money Market fund from NDB Wealth is one way of enhancing your business portfolios in the new year. This account will help you to plan ahead and prepare for business expansions and portfolio diversification. An excellent, multi-purpose account for individuals and corporates, Money Fund helps businesses to solidify the future and expand operations, making it the account for every season, for everyone. With a current yield of 7.40% as at 22nd December 2021 Money Fund from NDB Wealth will get your investments working harder for you, delivering a host of benefits offering lucrative returns, with interest credited daily and offering a high level of capital safety enabling investors to enjoy and live stress free.

It’s time to enjoy a wealth of success. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship managers and set up your Money Fund. You can also visit their website www.ndbwealth.com to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you to achieve full financial freedom, with all the benefits it entails.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

December 9, 2021

Sri Lanka@100, a private sector-led business development platform supported by the U.S. Agency for International Development (USAID), hosted a capacity building workshop in Hambantota in partnership with the Hambantota District Chamber of Commerce (HDCC) and NDB Bank. Representatives from ~60 small and medium enterprises (SMEs) attended the workshop on December 6 to learn strategies on understanding the customer to revive their businesses post-COVID.

“SMEs are the engine of economic growth, so it is critical to support them to remain competitive and resilient during the pandemic,” said Reed Aeschliman, USAID Mission Director for Sri Lanka and Maldives. “We hope this workshop will help the businesses revive and thrive.”

The Hambantota District Chamber of Commerce President, Tilar Nadugala, highlighted its ongoing member support, noting that “This event is a continuation of the Chamber’s efforts to offer dynamic knowledge-sharing opportunities for our member SMEs. Today’s interactive workshop will help firms to be more consumer-centric by focusing on strategies to understand the consumer journey, upselling and cross-selling, and branding and marketing. This session was very relevant and timely for our members, and we look forward to collaborating with the Sri Lanka@100 platform on similar initiatives.”

Stax Senior Manager Thivanka Bandara led the workshop and stated that “Our training today is based on curated content to share knowledge and industry best practices that can enable these firms to become consumer-centric organizations. This reflects our commitment towards uplifting the growth of the broader SME ecosystem in our country as we embark on the post-COVID road to recovery.”

The core session on “Understanding the Customer” conducted by Thivanka Bandara focused on changes in customer perceptions and strategies that companies need to adopt to retain customers in a more competitive, challenging environment. NDB Bank, Sri Lanka@100’s banking partner, also conducted a session on financial literacy and practical aspects SMEs need to focus on to become more resilient.

Sri Lanka@100 was launched in 2020 with support from USAID. This initiative works with high potential mid-market firms to optimize internal operations, access new markets, and attract capital to help Sri Lanka become a high-income country within 100 years of independence. Find out more about Sri Lanka@100 at https://srilanka100.lk/

December 7, 2021

Financial planning and fund management is increasingly playing a critical role in the life of every person. The bygone months have truly tested financial resilience at all levels of society. NDB Wealth Management, having begun its momentous journey, 28 plus years ago, has always been at the forefront of identifying and advising clients on the best savings or investment solution whilst taking into consideration the potential risks associated therein.

Reviewing savings and investment accounts are vital to the financial wellbeing of individuals and businesses alike. Ensuring funds are in the right place and that risks are controlled is a critical factor for most investors. Every rupee invested should be safely guarded to ensure the investment does not suffer losses or face unnecessary risks. Doing this on your own can be a challenging task to most individuals, both in terms of time and money.

“Proper financial planning and management of funds is important to every person. Whether you are planning for your retirement or are saving for a rainy day, it’s important to know that you are doing the right thing for yourself, your family or even your business. Financial planning will give you the added flexibility of meeting unexpected expenses or indulging in a bit of luxury at those special occasions,” stated Amaya Nagodavithane, Fund Manager at NDB Wealth Management.

Money Fund from NDB Wealth is a multi-purpose account for individuals and corporates which is well placed for the short term cash management needs of companies and individuals alike. It is the ideal account for all individuals and businesses looking at solidifying the future and stepping up in life, making it suitable for every season, for everyone. It can be the stepping stone for a mom looking to secure her family’s future, the young executive trying to start off a new career, a corporate securing a new business transaction or even as an alternative to a savings account.

Commenting further Amaya said, “At NDB Wealth, our team of Relationship Managers are backed by a strong investment team who continuously monitor investment conditions in the market and supports the client’s plans on saving or investing by advising the client on the best savings or investment solution taking into consideration the potential risks associated with the investment. NDB Wealth management plays a very important role in managing such conditions that may impact clients negatively.”

Money Fund by NDB Wealth with a current yield of 7.30% as at 25^th November 2021 will get your savings and investments working harder for you. The Money Fund account delivers a host of benefits offering favourable returns, with interest credited daily and offers capital safety enabling investors to live stress free. The funds are invested in the highest quality banks possessing high credit ratings and Government Securities thus aiming to provide the highest level of fund and investment security which is further validated by the esteemed credit ratings of the investment portfolios. In the long term, the yield of NDB Wealth Money Fund helps a saver building a secondary source of income.

It’s time – you invested wisely and well. Visit www.ndbwealth.com or call on 0719 788 788 to speak to a relationship managers and set up your Money Fund. You can also visit their website www.ndbwealth.com to explore other investment opportunities, or even connect with NDB Wealth’s exemplary team of financial planners who can help you to achieve full financial independence, with all the benefits it entails.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services and banking sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved.

September 30, 2021

Providing for your child and ensuring he or she has a good life is every parent’s dream come true. Expert financial and wealth planner, NDB Wealth Management has always understood this need and has specially curated kids savings products that will help you save and solidify their future.

Savings and Investment plans from NDB Wealth have been carefully designed to support overall wealth building goals by helping families develop the habits of saving for their long-term aspirations at very early stages. As families celebrate Children’s Day on 01^st October, the times are calling for key decisions to be made regarding the future dreams and aspirations of children, to enable them to take a significant step forward in achieving a financially independent future for themselves.

As a part of children’s financial planning, NDB Wealth’s Money Plus with a current yield of 5.30% as at 23^rd September 2021 is an excellent alternative to traditional long term children’s fixed deposits or savings accounts. The fund works to provide beneficial returns with the added unmatched flexibility which allows parents to withdraw funds when the child needs it the most. The interest accrued is credited right back allowing for further growth.

Commenting, NDB Wealth’s Senior Manager – Client Services, Ruwantha Gabriel said, “Saving for our children doesn’t mean that we have to lock up their money in accounts that will give us minimal returns. Through the Money Plus fund, we are looking at helping parents and children achieve financial independence and thus help children to pursue their dream careers. Our team of exemplary financial planners, are focusing on providing parents with the optimum advice to help them achieve their objectives to enhance the future of their children. As a parent myself, I think it is our responsibility to maximise the opportunities available to our children, and NDB Wealth can undoubtedly help you do it.”

It’s time to plan for their future. Visit www.ndbwealth.com or call on 0719 788 788 to speak to one of the relationship managers to set up NDB Wealth’s Money Plus Fund plan for your children. Help them plan for their future whilst establishing a strong and trusting relationship with NDB Wealth, guaranteeing them access to a consequence of valuable advise provided by a highly experienced team of wealth managers.

NDB Wealth is fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance. Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved.

July 28, 2021

NDB Wealth, the expert wealth and financial planner has always provided investors with solid and sensible investment plans to help enhance their financial growth. Backed by years of experience in the Sri Lankan capital markets, NDB Wealth Management has thoughtfully curated their portfolio to include new financial products and services that will support both individuals and organisations.

NDB Wealth’s Income fund is the ideal account for the savers looking for a higher yielding alternative to grow their portfolio. The Income fund allows investors to increase their income in the current low interest rate environment.

Vindhya Jayasekara, Vice President Investments at NDB Wealth stated, “Having a capable investment team with the required expertise who are backed by a strong team of well-trained advisors is our core strength. Our team is well trained to think of the client’s well-being by considering each individual’s financial requirements. We focus on educating investors of the potential risks and guide them to make beneficial decisions before introducing them to investment products.

The Income Fund by NDB Wealth is an open-ended Fixed Income fund, invested in corporate debt instruments including commercial paper, securitized paper, Sri Lanka Treasury Bills, Bonds and government securities backed by repurchase transactions. The Fund aims to enhance returns by investing in a diversified portfolio of corporate debt securities.

NDB Wealth is a fully owned subsidiary of the NDB Bank, one of the fastest growing financial services conglomerates in Sri Lanka, with the strategic mission to be the leader in the financial services sector. From its inception, the group which includes NDB Bank, NDB Investment Banking, NDB Wealth, NDB Securities, and NDB Capital has been a catalyst in the development of the nation, strengthening and empowering entrepreneurs, corporates and individuals from all strata of the economy. The customers across all NDB Group companies have benefited from the extensive product and service offerings of the NDB Bank and its affiliates.

*Current yield is variable and subject to change. Past performance is not indicative of future performance.

Investors are advised to read and understand the contents of the Exploratory Memorandum before investing. Among others, investors should consider the fees and charges involved.

AIA Partnership Distribution Business Launch 2024

John Keells Properties partners NDB to offer attractive mortgage solutions at ‘Viman’ Ja-Ela.

NDB Wealth Management to push for greater investment choices, via ‘Ask NDB Wealth’ insights.

NDB Wealth Money Fund encourages Financial Planning practices

NDB Wealth Management appoints Ruwan Perera as new CEO

Paving the Way for Success this 2022 with NDB Wealth

Sri Lanka@100 shares post-COVID growth strategies with Hambantota SMEs

NDB Wealth Money Fund promotes ‘Saving and Investing Wisely’

This Children’s day celebrate their future with NDB Wealth

NDB Wealth’s Income Fund paves the way for new investment opportunities