The Conglomerate
"The perfect balance and strength to provide our clients with a comprehensive formula for financial success"

National Development Bank PLC

VISION To be a world-class Sri Lankan bank.

MISSION To be dominant in the financial services sector, creating superior long-term shareholder value and contributing to economic development in Sri Lanka by exploiting regional opportunities and delivering innovative solutions with 'best in industry' service excellence through an inspired team.

  • Integrity - We believe in truth, justice and fair play, above all else.
  • Care - We will never lose the human touch. We will care for our colleagues, our customers, our community and our environment.
  • Passion - We will embrace challenges with passion and aggressively pursue our goals.
  • Teamwork - We will work together as a team, supporting each other, respecting every individual and drawing strength from our diversity.
  • Service - We will always strive for excellence in serving, our internal and external customers, through professionalism, innovation and creativity

Commencing business as a traditional development finance institution over three decades ago, the Bank subsequently diversified and transformed itself into a successful Licensed Commercial Bank in 2005. Notwithstanding the change in legal form, it is an institution that did not abandon its roots. Rather, its development banking heritage provided the required synergy and an edge over its peers in the commercial banking space.


NCAP provides full service investment banking services, comprising both fund and fee based activities such as debt and equity raising, corporate advisory, mergers and acquisitions, stockbroking, wealth management, private equity and underwriting. The fee based services are carried out via subsidiaries of NCAP whereas fund based activities are performed directly under the Company.

Directorate :

  • Mr. Ashok Pathirage (Chairman)
  • Ms. Aruni Rajakarier
  • Mr. Malinga Arsakularatne
  • Mr. Indrajit Wickramasinghe
  • Mr. Vajira Kulatilaka (CEO)
  • Executed the largest share repurchase in Sri Lanka, amounting to Rs. 5,968 million in 2013
  • Entered into a joint venture agreement with US based Zephyr Management l.P. to setup a private equity fund and a management company

The Future:

NCAP hopes to float Sri Lanka's first dedicated private equity country fund (subject to receiving all regulatory approvals). In addition, NCAP is currently in the process of improving synergies with the Investment Banking Cluster and with the Bank's core banking operations.


Incorporated in 1995, NDB Capital Limited is a Sri Lanka-Bangladesh joint venture and a subsidiary of National Development Bank PLC of Sri Lanka. NDB Capital provides a wide range of Investment Banking services in Bangladesh. It is a full-fledged Merchant Bank licensed by the Bangladesh Securities and Exchange Commission.

  • Raised over BDT 3,600.0 million from the capital market in Bangladesh.
  • Highly competent and skilled professional staff
  • Technical support/expertise from NDB Investment Bank and NDB Group

The Future:

NDB Capital hopes to carry out the first ever Islamic Bond (Sukuk) in the country’s capital market. Building on its successful track record in 2013 and strong deal pipeline, NDB Capital also plans to establish itself as the leading investment bank in Bangladesh.


DHPL is engaged in the business of renting out a 15-storied high rise commercial property in the heart of Colombo, popularly known as the NDB - EDB tower situated in Navam Mawatha, Colombo 02.


Maldives Finance Leasing Company Private Limited was set up in 2001 and commenced operations in June 2002. It provides finance leases to small and medium scale business enterprises in the Maldives. The company's technical partner is the National Development Bank of Sri Lanka.