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Nihal Welikala assumed duties as Director/General Manager of the National Development Bank (NDB) yesterday. He has been associated with the Bank for several years, having served on the Board of NDB as an alternate director for the ADB, since 1997 and subsequently joining the NDB as its Deputy General Manager in January 1999.

Prior to joining NDB, Mr. Welikala held the post of CEO of Citibank NA Colombo, for 10 years. He also worked for several years at the London offices of Ernst and Young, early in his career as a chartered accountant. Mr. Welikala is a Bachelor of Law of the University of Sri Lanka, Fellow of the Institute of Chartered Accountants (England and Wales) and Associate Member of the Institute of Chartered Accountants of Sri Lanka. He takes over as General Manager at a time of change at NDB.

Commenting on the goals and challenges ahead, Mr. Welikala said. "Our vision is to build on the solid foundations which have been created over the last twenty-two years.

These include, a strong capital base and profitability, a pre-eminent position in project lending, based on our unrivalled professional expertise, a culture of operational independence and a diverse range of businesses.

Based on these strengths, we intend to become a predominant provider of financial services in Sri Lanka.

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