Reaching Out

Sept 24, 2009 (LBO) – Sri Lanka’s NDB Bank said it plans to open five branches in the north and east regions which are recovering after the end of the island’s ethnic war. “Communities across the north and east now have a rare opportunity to rebuild their lives, reconstruct their homes, sustain a livelihood, pursue their education and build a better future,” the bank said.

Government forces defeated the Tamil Tiger separatist rebels in May, paving the way for an economic revival. NDB Bank said in a statement it will soon begin operations in the northern Jaffna and Vavuniya areas as well as eastern Batticaloa, Trincomalee, and Ampara districts.

“With the cessation of a two-decade military conflict, the nation now looks upon rebuilding a robust and sustainable economy,” it said.

The bank said it will offer a range of financial services especially loans for small business, as well as medium to long-term project finance, and commercial banking and trade finance products.