NSBM Green University has signed a strategic loan agreement with the Bank of Ceylon (BOC) to support the ongoing Phase II development of its Homagama campus in a signing ceremony held on the 8th of May 2025 at the NSBM premises. The agreement was signed by Professor E. A. Weerasinghe, Vice Chancellor of NSBM, together with Professor Chaminda Rathnayake, Deputy Vice Chancellor, in the presence of Mr. Russel Fonseka, General Manager of the Bank of Ceylon.
Before this agreement, NSBM had already commenced structural development for Phase II using internally generated funds, demonstrating strong financial stewardship and a clear long-term vision. The loan facility from BOC will play a key role in completing the fifteen-storey Faculty of Science building, constructing a state-of-the-art multipurpose auditorium, and advancing other essential academic and student infrastructure projects.
Speaking at the event, Professor Weerasinghe noted:
“NSBM fulfilled its financial commitments under the Phase I loan agreement for Rs. 8.6 billion with BOC—even during the most challenging periods of national crisis. We remain fully committed to the continued development of our university while maintaining strong financial discipline. I sincerely thank BOC for trusting NSBM and providing critical financial support at this pivotal time.”
Mr. Russel Fonseka, General Manager of BOC, stated:
“We are proud to support NSBM’s forward-looking development agenda. As the Bankers to the Nation, BOC is committed to financing projects that contribute meaningfully to Sri Lanka’s socio-economic growth, particularly in education.”
Established in 2016, NSBM Green University currently has a student population of 13,000 across five faculties and has produced over 20,000 graduates. NSBM offers both local and international degrees affiliated with international universities in the UK, Australia and the USA.
Also in attendance from BOC were Mr. Sampath Perera, Deputy General Manager (Corporate and Offshore Banking), and Ms. Uthpala Herathrandeny, Assistant General Manager (SOE Relations).
Representing NSBM were Professor Baratha Dodankotuwa, Head Academic Development and Quality Assurance; Ms. Thilini De Silva, Dean of the Faculty of Business; Ms. Kailashini Thiranagama, Head of Finance; and Ms. Sanuji Ranawake, Senior Manager – Strategic Development, along with other deans and senior university officials.
