NDB Bank supports educational efforts

In today’s competitive world, the benefits of a world-class higher education are priceless in paving the pathway for your career. A higher-education provides you the necessary educational background, knowledge and skills set, grooming you for your entrance to the corporate world. With this in mind and the vision to empower Sri Lankan youth to be globally competitive, NDB Bank joins hands with EDEX Sri Lanka’s largest Higher Education and Career Guidance Fair, as the official bank, for the 3rd consecutive year.
NDB Bank understands that paying for this education is a significant investment in terms of financial resources and time spent but that it is also a lifetime investment. That’s why NDB Bank offers Mortgage Backed Educational Loans to overcome financial obstacles that stand between you and your life’s ambition. The Bank offers Educational Loans that are designed specially for your local and foreign educational needs; and can be taken by the parents on behalf of their children or even by close relatives as well as the potential students who are in employment. A parent/relative or potential student can also apply for a joints loan, giving them further flexibility.
Mortgage Backed Education Loans can be obtained up to Rs. 4.5 Million and can be taken with a repayment period of up to 7 years. NDB Bank will provide you with a hassle free solution with no guarantors required. Furthermore, tailor-made solutions are offered inline with the repayment capacity with ‘at-your-doorstep’ service. The applicant should be confirmed in his/her current job and be earning a salary of above Rs. 30,000/- per month. Professionals as well as sole-proprietors and those in partnership (for over 5 years) are also entitled to apply for Mortgage Backed Educational Loans.
The Bank will be offering free eligibility checks for those who visit the NDB Bank stall and wish to obtain an educational loan. In addition, they will also be providing free advice on education financing, giving students the opportunity to select the best option for their requirement. EDEX offers the ideal platform with the most diverse choices, options, and opportunities for students, career professionals and service providers alike to achieve their short to long-term objectives.
In addition to the education exhibition, NDB Bank is also to main sponsor of the EDEX website. The website is a one-stop-shop designed to cater to the education needs of Sri Lanka’s youth, featuring information on both local and international universities, colleges and institutes; giving career guidance, financial counseling and even advice visa processes.

Deepal to bid farewell to Eagle

Eagle Insurance PLC, Aviva Plc UK’s Sri Lankan operation announced today that Deepal Sooriyaarachchi, Managing Director of Eagle Insurance PLC, will be leaving the Company after 20 years of dedicated service, to pursue other career and personal aspirations.
Subject to necessary local procedural and regulatory requirements being satisfied, Shah Rouf, the present CEO of Aviva Romania and Chief Distribution Officer of Central and Eastern Europe for Aviva, will succeed Sooriyaarachchi. Shah, a British national, has over 16 years of experience within the Aviva Group and has held leadership positions in both life and general insurance in Aviva’s operations in the UK, India, Middle East and Europe. Shah concluded his academic studies at the London School of Economics and has BA (Hons) and MSc degrees in Economics. He is also an Associate of the Chartered Insurance Institute and a member of the LIMRA European Executive Committee.
Commenting on his decision, Deepal said “2010 marks a significant year in my career as I complete 30 years of work life out of which 20 years have been spent at Eagle. My career at Eagle will always be a cherished experience but the time has come for me to embark on my professional aspirations in marketing and academia. I have the total confidence that Shah, the local leadership and the team are competent and committed to take the Company forward in its next phase of growth. I am and will continue to be one of Eagle’s strongest supporters”.
In February 2006, the Aviva Group acquired a majority stake in Eagle Insurance.
In Asia Pacific, Aviva operates in China, India, Sri Lanka, Hong Kong, Singapore, Malaysia, Korea, Taiwan and the Middle East. Aviva is a leading provider of life and pension products in Europe with substantial positions in other markets around the world, making it the world’s fifth largest insurance group based on gross worldwide premiums as at 31st December 2008.
Aviva’s principal business activities are long-term savings, fund management and general insurance, with worldwide total sales* of œ24.4 billion at 30 June 2009 and funds under management of œ352 billion at 30 June 2009.