Corporate Information

Name

National Development Bank PLC

Company Registration Number

PQ 27

Registered Logo

Legal Form

Established under the National Development Bank of Sri Lanka Act No. 02 of 1979 and incorporated as a company under the Companies Act No. 17 of 1982 and re-registered under the Companies Act No. 07 of 2007 and also licensed as a Licensed Commercial Bank in terms of the Banking Act No. 30 of 1988 as amended from time to time.

Stock Exchange Listing

The shares and the rated unsecured subordinated redeemable debentures issued in December 2013 and June 2015, are listed on the Colombo Stock Exchange.

Head Office/Registered Office

No. 40, Navam Mawatha, Colombo 02
Tel: 011 244 8888
Fax: 011 2341049
Swift code: NDBS LK LX
Web page: www.ndbbank.com
E-mail: contact@ndbbank.com

Accounting Year End: 31 December

VAT Registration Number: 409000266-7000

Credit Ratings: National long-term rating: A+(lka)/Stable Outlook: Fitch Ratings Lanka Ltd.
Basel II compliant subordinated debentures:
A (lka): Fitch Ratings Lanka Ltd.

Board of Directors and Board Subcommittees

Board of Directors as at 31 December 2016

A W Atukorala – Chairman – Independent (Appointed w.e.f. 31 August 2016)
A K Pathirage – Deputy Chairman – Non-Independent
T L F Jayasekera – Independent
Mrs. K Fernando – Independent
D S P Wikramanayake – Non-Independent
Mrs. W A I Sugathadasa – Independent
Mrs. D M A Harasgama – Non-Independent
D M R Phillips, PC – Independent
K D W Ratnayaka – Independent
N S Welikala – Independent (Appointed w.e.f. 11 October 2016)
P L D N Seneviratne – Chief Executive Officer – Non-Independent (Appointed w.e.f. 1 January 2017)
N G Wickremeratne – Chairman – Independent (Retired w.e.f. 31 August 2016)
R Theagarajah – CEO/Director – Non-independent (Resigned w.e.f. 30 November 2016)

Board Subcommittees as at 31 December 2016

Integrated Risk Management Committee

D S P Wikramanayake – Chairman
K D W Ratnayaka
Mrs. D M A Harasgama
D M R Phillips, PC
N S Welikala
Mrs. N Rayen – Vice-President – Group Risk
F Ozman – Group Chief Financial Officer
Mrs. Gnanapragasam – Vice-President – Credit Review
P Gamage – AVP – Operational Risk
Ms. C Chandrapala – Senior Manager – Market Risk

Strategic Issues Committee

A W Atukorala – Chairman
A K Pathirage
T L F Jayasekera
Mrs. K Fernando
D S P Wikramanayake
N S Welikala

Audit Committee

T L F Jayasekera – Chairman
D S P Wikramanayake
Mrs. D M A Harasgama
Mrs. K Fernando
Mrs. W A I Sugathadasa
N S Welikala

Human Resources and Remuneration Committee

Mrs. W A I Sugathadasa – Chairperson
A K Pathirage
Mrs. K Fernando
T L F Jayasekera
K D W Ratnayaka

Nominations Committee

A W Atukorala – Chairman
A K Pathirage
T L F Jayasekera
Mrs. K Fernando

Corporate Governance and
Legal Affairs Committee

Mrs. K Fernando – Chairperson
A W Atukorala
Mrs. W A I Sugathadasa
D M R Phillips, PC

Related Party Transactions Review Committee

A W Atukorala – Chairman
T L F Jayasekera
D S P Wikramanayake
Mrs. D M A Harasgama
Mrs. K Fernando
Mrs. W A I Sugathadasa
N S Welikala

Subsidiaries and Associate Companies

Subsidiary Companies as at 31 December 2016

NDB Capital Holdings Ltd. – 99.8%
Directors
A K Pathirage – Chairman,
D S P Wikramanayake, W M D F Arsakularatne, C V Kulatilaka, F Ozman, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Wealth Management Ltd. – 99.8%
Directors
D S P Wikramanayake – Chairman,
C V Kulatilaka, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Investment Bank Ltd. – 99.8%
Directors
D S P Wikramanayake – Chairman,
C V Kulatilaka, P E A B Perera, D G Perera, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Securities (Private) Ltd. – 99.8%
Directors
C V Kulatilaka, F Ozman, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Capital Ltd. (Bangladesh) – 77.8%
Directors
D S P Wikramanayake – Chairman,
A M Khan, C M Alam, C V Kulatilaka, Mrs. Z Chowdhury, H F Choudhury, K K Saha, D G Perera, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Zephyr Partners Ltd. (Mauritius) – 60%
Directors
T C Barry, F Ozman, C V Kulatilaka, M Gulati, Ms. D Rajabalee, Ms. R B Mandary, R Theagarajah (Resigned w.e.f. 30 November 2016)

NDB Zephyr Partners Lanka (Pvt) Ltd. – 60%
D S P Wikramanayake – Chairman, (Appointed w.e.f. 30 December 2016)
T C Barry, M Gulati, F Ozman, C V Kulatilaka, R Theagarajah (Resigned w.e.f. 30 November 2016)

Development Holdings (Pvt) Ltd. – 58.61%
Directors
A W Atukorala – Chairman (Appointed w.e.f. 30 December 2016)
Mrs. I Malwatte, Mrs. P K Sumithrarachchi, Mrs. D T Wijayaratne, C S Guniyangoda, Ms R M P Hewaliyanage, R Theagarajah (Resigned w.e.f. 30 November 2016)

Associate Companies as at 31 December 2015

NDB Venture Investments (Pvt) Ltd. – 50% (Under liquidation)

Ajoyana Fund (Pvt) Ltd. – 50% (Under Liquidation)

Other Information

Company Secretary
Mrs. Shehani Ranasinghe – (Attorney-at-Law)

Compliance Officer
Mrs. Manique Kiriella Bandara

Auditors
Ernst & Young, 201, De Saram Place, Colombo 10

Registrar to the rated unsecured subordinated redeemable debentures issued in December 2013 and June 2015
S S P Corporate Services (Pvt) Ltd.
No. 101, Inner Flower Road, Colombo 03

Trustees to the rated unsecured subordinated redeemable debentures issued in December 2013 and June 2015
Bank of Ceylon, No. 1, BOC Square,
Bank of Ceylon Mawatha, Colombo 01

Queries

On the 2016 NDB Annual Report
Faizan Ozman
Group Chief Financial Officer
National Development Bank PLC
No. 40, Navam Mawatha, Colombo 02
Email: faizan.ozman@ndbbank.com
Tel: + 94(0)112 321117

On Investor Relations
Company Secretarial Unit
Mrs. Shehani Ranasinghe
Company Secretary/Assistant Vice President
National Development Bank PLC
No. 40, Navam Mawatha, Colombo 02
Email: shehani.ranasinghe@ndbbank.com
Tel: +94(0)112448448 Extn: 33000

Investor Relations Team
Mrs. Suvendrini Muthukumarana
Assistant Vice President – Finance and Planning
National Development Bank PLC
No. 40, Navam Mawatha, Colombo 02
Email: suvendrini.muthukumarana@ndbbank.com
Tel: +94(0)112448448 Extn: 3817