Nov 09, 2011 (LBT)-Sri Lanka’s NDB Bank, hot on the heels of the tie up with DBS Bank of Singapore, will move to the region where tie ups will be formed for capital market development and a host of other products said the bank Chairman Hemaka Amarasuriya.
“We are currently negotiating with other banks in India and the Gulf where we will have a series of Joint Business Alliances with those banks where we will be bringing in funds for investments in Initial Public Offerings as well, he told to LBT.
We will also be creating loan syndicates and joint ventures for industries as well and where there will not be further investments abroad but what we will be having will be the networks through the corresponding banks in those countries, while we create connectivity through with customers, Amarasuriya said.
One of the foremost priorities of the bank’s local operations will be to reach the initial landmark of 100 branches in the fastest possible time, he said.
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