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Sunday, 31 January 2016

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NDB opens branch in Manipay

NDB extended its footprint in the North with the opening of its 96th branch in Manipay recently. The new branch opening reinstates the Bank's continued commitment towards the rapid post-conflict economic development in the region.


CEO Rajendra Theagarajah with a customer. Bank officials look on

Member of Parliament E. Saravanabavan, Regional Manager, North East Region, Thissaveerasingam Jeyarajasingam, CEO Rajendra Theagarajah, Vice President Finance and Planning, Dhanan Senathirajah, Group CFO, Faizan Ozman, Vice President, Administration and Services, Mancius Paiva, Branch Manager S. Sarweswaran and Assistant Manager S. Senthooran were also present.

Located in the Jaffna Peninsula, Manipay's precious commodity is its rich, fertile soil which produces abundant harvests of paddy, vegetables chillies, onions and grapes amongst a variety of other crops. The town's economy is kept alive by a thriving farming community which in turn makes a substantial contribution towards the economy.

The branch will support this blossoming agricultural community which spells out many entrepreneurial opportunities.

Through its newest branch, NDB aims to provide customised SME banking solutions coupled with effective entrepreneurial education and advisory services to the aspiring SME owners in the Manipay region.

Some of the SME banking services that will be offered include; long-term loans on concessionary interest rates, short-term working capital loans, supplier finance facilities, importer and exporter funding facilities and distributor finance facilities.

NDB will also offer a gamut of retail banking products including current and savings accounts, fixed deposits, housing loans, pawning services, vehicle Leasing and insurance services to the residents of Manipay to help them grow and secure their wealth while enjoying easy access and convenience of banking with automated facilities such as Visa debit cards, internet banking and Western Union money transfer services.

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