SDB bank was incorporated in 1997 and 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). Listed on the main board of the Colombo Stock Exchange, SDB bank has established a robust presence amongst the rural communities supporting them in their financial well-being by leveraging the broad network of corporative societies and farmer communities. By encouraging sound financial practices and habits amongst these masses through financial literacy as well as specialised products to support their requirement, we reach out to them through our 94 island-wide customer touchpoints consistently driving their progress to fuel the larger socio-economic development of Sri Lanka.

Keeping up with the changing customer trends and requirements, we remain steadfast in delivering technology-driven competitive banking solutions to suit modern-day demand. Our customers consists of MSMEs, Retail customers, Cooperatives and Business banking customers who place their trust in us to realise their aspirations and improve their way of life. We continue to move forward strengthening our relations with all these stakeholders and supporting them in their progress thereby emerging as one of the best banks in Sri Lanka that uplifts the progressive population of the country.

1997

SANASA Development Bank Ltd. incorporated with capital of LKR 123 Mn., contributed largely by primary SANASA Societies

1998

10th branch opened in Kandy

1999

Total assets reached over LKR 100 Mn.

2006

10-year development plan initiated

2007

• Celebrated 10 years of excellence
• Branch network expanded to 25

2008

• Winner of the National Excellence Award
• Total assets increased to LKR 10 Bn.
• Employee cadre expanded to 500

2009

• SANASA Group loan scheme introduced
• Share capital increased to LKR 1 Bn., from LKR 123 Mn.
• Branch network expanded to 50

2010

• Head Office relocated to new building which is located in Kirulapone
• Ranked as the second best micro finance institution in the World, by Mix Market Global – USA
• Branch network expanded to 75

2012

• Introduced debit cards and ATM facilities
• Listed on the Main Board of Colombo Stock Exchange

2013

• Total assets increased to LKR 29.7 Bn.

2014

• Employee cadre increased to 1,000
• First rights issue of shares oversubscribed
• Issued share capital exceeds LKR 3 Bn

2015

• LKR 60 Bn. asset base
• LKR 4 Bn. debenture and LKR 5 Bn. capital base

2016

• LKR 66 Bn. asset base
• LKR 5.5 Bn. capital base
• Tele Collection Unit launched in Malabe
• New logo (SDB bank) launched

2017

• LKR 82 Bn. asset base
• LKR 7.3 Bn. capital base
• Celebrated 20 years of excellence
• USD 22 Mn. investment from SBI/FMO and IFC

2018

• LKR 96 Bn. asset base
• Awarded the title of “The Fastest Growing MSME Bank in Sri Lanka” by the Global Banking and Finance Review, UK, at the Global Banking and Finance Awards 2018
• Corporate Top Saver launched

2019

• LKR 107.8 Bn. asset base
• Tier II Capital injection of USD 18 Mn. from DGGF and BIO
• Digital payment platform “UPay” acquired
• “SDB Mobile” Banking launched
• Business Internet banking with CEFTS and SLIPS connectivity launched targeting SMEs Connected to LankaPay ATM network
• New website launched

2020

• Highest ever performance of the Bank
• Global Banking and Finance Awards 2020
• Best CSR Bank in Sri Lanka 2020
• Banking customer satisfaction and happiness
• Ranked 45th place on the Brand Finance Sri Lanka’s 100 most valuable brands Annual List for 2020
• Recognised by International Investor Magazine

Awards 2020

• Second Sri Lankan Bank to be verified by the Facebook with Blue tick
• Asian Banking and Finance Awards 2020
• Rural/Cooperative Bank of the Year - Sri Lanka
• Financial inclusion initiative of the Year – Sri Lanka
• Digital Wallet Initiative of the Year – Sri Lanka
• First digital rights issue
• Rights issue was oversubscribed
• Loan book exceeded LKR 100 Bn.

2021

• Highest ever profit of the Bank

Awards

• Global Banking & Finance award for the “best SME Bank” and the best bank for social media in 2021
• Ranked 43rd place on the Brand Finance Sri Lanka’s 100 most valuable brands Annual List for 2021
• SDB bank Placed Among Top-50 in LMD’s Inaugural Edition of ‘Most Awarded’
• SDB bank was honored at the National Business Excellence Award 2021, receiving the Merit Award in the Banking Sector
• SDB bank was honored that their effort to empower women in the workplace has been rewarded at the first CIMA Women Friendly Workplace.
• SDB bank successfully recorded yet another oversubscription at its Secondary Public Offering
• SDB bank received USD 40 million loan facility from US International Development Finance Corporation (DFC) to nurture SMEs and female entrepreneurship
• SDB bank Hosted Asia Pacific Chapter of the Global Alliance for Banking on Values
• SDB bank’s rating upgraded to BBB with a Stable Outlook by ICRA Lanka

2022

• SDB Bank Celebrates 25 years of service to Sri Lankans.
• SDB bank partners with ADB on a Line of Credit project to support SMEs, and Tea Small Holder Development Projects in Sri Lanka.
• SDB bank has surpassed 100 Bn FD and savings portfolio.
• 82.8% growth in the pawning loan book from Rs. 2.9 Bn to Rs. 5.3 Bn.