Company Information

Get to know National Development Bank

Founded in 1979 as a Development Finance Institution (DFI) in Sri Lanka, National Development Bank PLC (NDB) has since transformed into a fully-fledged commercial bank. It obtained a commercial banking license in 2005 after acquiring the Sri Lankan operations of ABN AMRO Bank. NDB is a publicly listed company on the Colombo Stock Exchange and is one of the largest commercial banks in the country. The bank's mission is to be a key driver for a financially empowered Sri Lanka, offering a comprehensive portfolio of services including personal banking, SME and corporate financing, project financing, investment banking, and wealth management.

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National Development Bank

Sri Lanka

Founded in

1979 (47 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.