Dimantha Seneviratne retires from NDB

The Chief Executive Officer of National Development Bank PLC (NDB), Dimantha Seneviratne, is due to retire from NDB by the end of January 2024 following an illustrious career of 34 years, of which 10 years was at CEO level.

He had also previously served as CEO at the Pan Asia Banking Corporation PLC (PABC) for a period of 03 years.

At both these banks, he was instrumental in transforming them in to high performing entities, leading from the front. Over the past 7 years he transformed NDB to a customer-centric, agile, digitally focused bank with highest industry growth rates in Assets, Deposits and led it towards becoming the 4th largest listed bank.

During this period, NDB won several global and local accolades, and was adjudged as the most awarded corporate entity for two years in succession.

Dimantha is leaving the bank on a high note, as for the 9 months ending on September 2023 , NDB had recorded a PBT of Rs. 9.5 Billion, which is a ten folds increase, and a strong brand image and customer base. It’s a big legacy that he is leaving behind.

During Dimantha’s tenor as CEO, he brought in Norfund as a 10% anchor share holder and also raised funds through DFC etc. for SME financing. He also led SLBA as the President of the Bank Association in trying times during 2021-2022.

He will also cease to be an Executive Director of NDB with effect from 31 January 2024.  Seneviratne will be leaving NDB having completed seven years of services as he intends to pursue a different focus in his post retrial phase, according to a CSE disclosure.

Mr. Kelum Edirisinghe will be appointed as the new Chief Executive Officer-Designate of NDB with effect from 22 January 2024 and will take over his duties.

 

 

 

 

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