NDBIB creates history at Euromoney Awards

18 July 2012 05:32 am - 0 - {{hitsCtrl.values.hits}}

A A A

NDB Investment Bank Limited ( NDBIB) was adjudged the ‘ Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euro money, the world’s premier financial markets magazine.

This is a historical achievement for NDBIB as well as the country since it is the first time Euro money has ever recognized an investment bank in Sri Lanka, for any award. It is also the first time an investment bank in the country has received an international accolade for excellence.

Vajira Kulatilaka, CEO of NDB Investment Banking Cluster commenting on the award stated, “With this achievement, NDBIB has been able to take the local investment banking industry to global standards. It is the dream of any investment bank to receive a Euro money award, and we are proud to have achieved it and be associated with global investment banking giants in the likes of Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Citibank and HSBC on the same platform.”

NDBIB, having spearheaded the investment banking industry in the country since its inception, was recognized by Euro money in 2012 as the acknowledged leader in Sri Lanka for debt and equity products and corporate advisory assignments. During the year 2011, NDBIB raised over Rs. 38 billion in both debt and equity products for its clients from varied sectors of the economy, the highest quantum of funds raised from the capital markets in the country by an investment bank, which included two record breaking IPOs on the Colombo bourse. Last year, NDBIB also strengthened its international reach through a strategic alliance with DBS Bank, Singapore, one of Asia’s largest banks, in order to access vibrant foreign capital markets for the benefit of its clients across a broad range of areas including, M&A, syndicated loans, project finance and equity placements.

Subsequent to a recent restructuring within the NDB group, NDBIB is now positioned as t he local investment banking arm of NDB Capital Holdings PLC (formerly known as Capital Development and Investment Company PLC), the leader in providing a wide gamut of innovative capital market solutions in the areas of investment banking, stock brokering and wealth management in Sri Lanka as well as in Bangladesh.

Euro money Magazine has been the voice of international capital markets for over 40 years, offering unique coverage on the banking sector and global equity, bond and foreign exchange markets. Its annual Awards for Excellence program has been running for 22 years and forms a benchmark for financial institutions featuring high-quality products and services across all areas of commercial and investment banking. The selection criteria of Best Investment Bank Awards are based on both quantitative and qualitative factors over the preceding twelve month period. Euro money’s awards for excellence cover more than 20 global product categories and best-in class awards by region and country.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

NDBIB creates history at Euromoney Awards

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

On-arrival visa fiasco drains VFS Global’s confidence in Sri Lanka

AstraZeneca admits for first time its COVID vaccine can cause rare side effect

Attempt to send 17 year-old-boy to London on forged documents foiled

Sri Lanka now has highest visa costs in Asia: Tourism stakeholders

Controversy over foreigners issuing on-arrival visas at BIA

Sri Lanka face unusual dilemma

MIRROR CRICKET

TODAY'S HEADLINES