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Sept 21, 2011 (LBO) – Sri Lanka’s National Development Bank said it was in talks with DBS of Singapore to strengthen its investment banking operations. NDB said a memorandum of understanding with DBS will e signed today.

DBS started in 1968 as the Development Bank of Singapore but is now a financial services group with an international presence.

NDB also started as a development banking unit but later acquired a commercial banking license and is offering a broad range of services.