Shirajiv Sirimane (shirajivs@gmail.com)
The NDB Bank aims to introduce Wealth and Asset Management to their existing operations in Bangladesh.
CEO, NDB, Rajendra Thiyagarajah speaking at the NDB Bank investment Forum held yesterday at Kingsbury Colombo, said that he was happy with their robust performance in Bangladesh. “We have helped secure over US$ 100 million worth of deals to customers. They were mainly in the power steel and manufacturing sectors.”
He added that these have given the bank confidence to expand Bangladesh operation even more vigorously.
Thiyagarajah said that in Sri Lanka too, Asset Management is a sector he is proud of. “We have over Rs 100 million Assets under management.”
He added that with the success in Bangladesh, they are aiming to branch out to other South East Asian and ASIAN countries soon. “We are looking at growth markets and there are ‘on going discussions’ with regard to these overseas expansions,” he said.
“The Sri Lankan middle class is expanding rapidly. I think offering deposits by banks to them would be some thing in the past.”
The CEO said that they currently have 86 branches of their own. “We hope to take it up to 100 by the end of the year.”
Asked to comment on the on going merger with the DFCC Bank, he said that their appetite for the merger is stronger than ever.
www.dailynews.lk
The NDB Bank aims to introduce Wealth and Asset Management to their existing operations in Bangladesh.
CEO, NDB, Rajendra Thiyagarajah speaking at the NDB Bank investment Forum held yesterday at Kingsbury Colombo, said that he was happy with their robust performance in Bangladesh. “We have helped secure over US$ 100 million worth of deals to customers. They were mainly in the power steel and manufacturing sectors.”
He added that these have given the bank confidence to expand Bangladesh operation even more vigorously.
Thiyagarajah said that in Sri Lanka too, Asset Management is a sector he is proud of. “We have over Rs 100 million Assets under management.”
He added that with the success in Bangladesh, they are aiming to branch out to other South East Asian and ASIAN countries soon. “We are looking at growth markets and there are ‘on going discussions’ with regard to these overseas expansions,” he said.
“The Sri Lankan middle class is expanding rapidly. I think offering deposits by banks to them would be some thing in the past.”
The CEO said that they currently have 86 branches of their own. “We hope to take it up to 100 by the end of the year.”
Asked to comment on the on going merger with the DFCC Bank, he said that their appetite for the merger is stronger than ever.
www.dailynews.lk
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