NDB Project Finance wins SLIBFI Gold for “DEAL OF THE YEAR”

Countrywide Improvement Financial institution PLC was a short while ago awarded the Gold Award for Offer of the 12 months from Sri Lanka Islamic Banking & Finance Business Awards (SLIBFI) for the Bank’s participation in funding a hydropower project in Uganda exactly where NDB also acted as the guide arranger in the syndication with a further neighborhood Lender.

NDB as an organisation with its roots in progress banking, alongside one another with its deep business insights, expertise and long-standing shopper relationships has been able to construct a sturdy reputation and excellence in venture and infrastructure financing.

The PF Unit of NDB possesses the competence to support its corporate clients in complex transactions and propel them to the upcoming section of improvement in their corporations. With above four decades of job financing expertise and in-household engineering and authorized experience, NDB not only performs a job of economical spouse in these initiatives but functions as a challenge lover wherever tips on undertaking management and authorized areas are also designed obtainable to the promoters.

The deal of expert services provided by NDB not only makes sure the successful implementation of the challenge but also ascertains satisfactory returns to both the promoters as effectively as the Bank as a result making a earn-gain option for each events.

The Bank has been performing job funding given that 2015 less than Islamic Banking – NDB Shareek. Appropriately, the Bank has granted services shut to Rs 3 Bn under Islamic Banking for the electrical power sector the two locally and abroad. Meanwhile, the Lender is also actively pursuing prospects to finance jobs below Shariah-compliant products and is now doing the job with challenge promoters to materialize a few assignments both in the nation and abroad.

The project portfolio of NDB’s PF Device is composed of initiatives in the sectors this kind of as ability & electricity, mixed enhancement, money products and services, construction, meals & beverages, govt infrastructure, telecommunications, healthcare, etc. This “Gold Award” was for NDB’s involvement in Hydro Electrical power.

Renewable strength initiatives help the planet by preventing emissions of a lot of dangerous gases this kind of as Carbon Dioxide (CO2), Sulphur Dioxide(SO2) and Nitrogen Oxide (NOx) which usually would have been emitted through energy era by burning carbon-centered fuels these types of as Diesel and Coal. The 6.5 MW hydropower task funded by NDB’s partnership is predicted to prevent 17.2 Mn Kg’s of CO2 a 12 months, in accordance to the calculations of United States Environmental Security Company (EPA) of United states of america.

NDB Bank named the “Bank of the Yr Sri Lanka 2020” by the Banker Journal United kingdom is the 4th major listed financial institution in Sri Lanka and the dad or mum enterprise of the NDB Team.