National Development Bank PLC (NDB) recently formalised a strategic partnership with the Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), to enhance the efficiency and reliability of dividend disbursement for companies listed on the CSE. The agreement, signed at a ceremony held recently, marks a meaningful step towards strengthening Sri Lanka’s capital market infrastructure while elevating the experience for issuers and investors alike.
Through this collaboration, NDB introduces a streamlined dividend pay-out solution designed to simplify what has traditionally been a complex administrative process. By leveraging the Bank’s robust transaction capabilities and operational expertise, listed companies are now able to manage dividend distributions seamlessly through a dedicated system that prioritises accuracy, speed, and convenience.
The service offers multiple disbursement options, including electronic funds transfers, cheque processing, and customised payment methods, ensuring greater flexibility for corporates while enabling shareholders to receive their dividends through faster and more direct channels. This approach significantly reduces processing delays and minimises the potential for manual errors, reinforcing confidence among investors and contributing to stronger investor relations for listed entities.
NDB’s partnership with CDS reflects the Bank’s continued commitment to supporting the advancement of Sri Lanka’s financial ecosystem through innovative banking solutions. By aligning with CDS’ broader efforts to modernise engagement within the capital market, the Bank plays an active role in delivering cash management capabilities that respond to the evolving needs of market participants.
Commenting on the partnership, Kelum Edirisinghe – Director/Chief Executive Officer of NDB noted that the initiative underscores the Bank’s strategic focus on providing future-ready financial solutions that create tangible value for corporate clients while supporting the long-term development of the country’s investment landscape.
As Sri Lanka’s capital markets continue to progress, collaborations of this nature remain essential in fostering efficiency, transparency, and operational excellence. NDB remains dedicated to empowering businesses and investors through meaningful financial services, reinforcing its role as a trusted partner in driving sustainable economic growth.
NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. NDB was named Sri Lanka’s Best Digital Bank for SMEs at Euromoney Awards for Excellence 2025 and was awarded awards Domestic Retail Bank of the Year – Sri Lanka and Islamic Banking Initiative of the Year – Sri Lanka at the Asian Banking & Finance Retail Banking Awards 2025. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.
Photo caption: (L – R) Mr. Akila Perera – Manager, Cash Management – NDB; Ms. Nadika Ranasinghe – Vice President, Strategy & Business Intelligence – NDB; Ms. Dinali Dunuwille – Vice President, Legal – NDB; Mr. Ramesh Perera – Chief Manager, Transaction Banking – NDB; Mr. Thilanke S. Weerasinghe – Assistant Vice President, Transaction Banking & Trade Operations – NDB; Mr. Kelum Edirisinghe – Director / Chief Executive Officer – NDB; Mr. Rajeeva Bandaranaike, Chief Executive Officer – Colombo Stock Exchange (CSE); Mr. Chandrakanth Jayasinghe, Chief Market Operations Officer – CSE; Mr. Nadeera Athukorale, Head – Central Depository Systems – CSE; Mr. Kanishka Gunawardena, Manager – Legal and Enforcement – Legal, Enforcement and Compliance – CSE; Ms. Shivandini Liyanage, Senior Vice President – Legal, Enforcement and Compliance – CSE; Mr. Hemal Weerasinghe, Manager – Corporate Solutions and CRM – Central Depository Systems – CSE.
