NDB-CDS Enhance dividend disbursement efficiency for CSE-listed companies

From left: NDB Manager Cash Management Akila Perera, Vice President Strategy and Business Intelligence Nadika Ranasinghe, Vice President Legal Dinali Dunuwille, Chief Manager Transaction Banking Ramesh Perera, Assistant Vice President Transaction Banking and Trade Operations Thilanke S. Weerasinghe, Director and Chief Executive Officer Kelum Edirisinghe, CSE Chief Executive Officer Rajeeva Bandaranaike, Chief Market Operations Officer Chandrakanth Jayasinghe, Central Depository Systems Head  Nadeera Athukorale, Manager Legal and Enforcement Legal, Enforcement and Compliance Kanishka Gunawardena, Senior Vice President Legal, Enforcement and Compliance Shivandini Liyanage and Central Depository Systems Manager Corporate Solutions and CRM Hemal Weerasinghe

National Development Bank PLC (NDB) recently formalised a strategic partnership with the Central Depository Systems (Pvt.) Limited (CDS), a wholly-owned subsidiary of the Colombo Stock Exchange (CSE), to enhance the efficiency and reliability of dividend disbursement for companies listed on the CSE. 

The agreement, signed at a ceremony held recently, marks a meaningful step towards strengthening Sri Lanka’s capital market infrastructure while elevating the experience for issuers and investors alike.

Through this collaboration, NDB introduces a streamlined dividend pay-out solution designed to simplify what has traditionally been a complex administrative process. By leveraging the bank’s robust transaction capabilities and operational expertise, the listed companies are now able to manage dividend distributions seamlessly through a dedicated system that prioritises accuracy, speed and convenience.

The service offers multiple disbursement options, including electronic funds transfers, cheque processing and customised payment methods, ensuring greater flexibility for corporates while enabling the shareholders to receive their dividends through faster and more direct channels. This approach significantly reduces processing delays and minimises the potential for manual errors, reinforcing confidence among investors and contributing to stronger investor relations for listed entities.

NDB’s partnership with CDS reflects the bank’s continued commitment to supporting the advancement of Sri Lanka’s financial ecosystem through innovative banking solutions. By aligning with CDS’ broader efforts to modernise engagement within the capital market, the bank plays an active role in delivering cash management capabilities that respond to the evolving needs of market participants.

NDB Director and Chief Executive Officer Kelum Edirisinghe noted that the initiative underscores the bank’s strategic focus on providing future-ready financial solutions that create tangible value for corporate clients while supporting the long-term development of the country’s investment landscape.