SANASA Development Bank PLC will be the apex Bank of the co-operative sector and a leading partner of national development with a global focus.
By providing high quality innovative and competitive financial products and services, offered through the best customer friendly channels, assisted by cutting edge technologies, with a team of diverse talents working in synergy to provide a total solution to our stakeholders and operating in a culture of learning and continuous value creation, we strive to become the most responsible financial institution in Sri Lanka.
SANASA Development Bank PLC (“SDB Bank” or the “Bank”) is a licensed specialised Bank registered by the Central Bank of Sri Lanka, under the Banking Act No. 30 of 1988 (as amended by the Banking Act of 1995).
The Bank’s strength within the industry lies in its rural linkages, reinforced by an extensive network of co-operative societies and Government organisations. It has, since its inception, driven the participation and consequently, the socio-economic progress of grassroot level communities by making available its products to a section of society that is often unnoticed by the mainstream
The Bank’s customer base comprises the SME, retail, and co-operative society sectors. It offers a portfolio of numerous products that provide solutions in development and personal banking and leasing. At the same time, it encourages investment and savings opportunities through their deposit products.
A network of 94 branches supported by a workforce of 1,504 loyal and committed employees, represent the Bank throughout the country.
In 2017 an investment of USD 22 Mn. from SBI/FMO Emerging Asia Financial Sector Fund and International Finance Corporation in the equity of the Bank, resulted in the transfer of 21.8% ownership to the investors. Consequently, an organisational realignment took place with the support of International Finance Corporation to strengthen internal controls and processes and enhance its digital platforms.