Sanasa Development Bank Plc is a public quoted company located in Colombo, Sri Lanka. It was incorporated in 1997 in response to the need for an alternative banking partner and primary credit institution for the SANASA Federation's network of co-operative societies. The bank has a strong co-operative heritage and has played a significant role in stimulating SME and MSME growth across the country. It has also focused on promoting female-oriented enterprises and has received international recognition for its contributions to rural economic development and financial inclusion. In 2017, the bank received a capital injection of USD 22 million from the International Finance Corporation, the Netherlands Development Finance Company, and SBI Holdings. SDB bank has evolved into a modern and innovative bank, offering a range of financial products and services. It acquired the digital payments app UPay in 2019, further emphasizing its commitment to innovation and providing convenient payment options for both urban and rural customers. The bank operates through a network of 94 branches islandwide and aims to be the apex bank of the co-operative sector and a leading partner in national development. It is registered as a Licensed Specialized Bank by the Central Bank of Sri Lanka.
Headquarters
No.12, Edmonton Road, Kirulapone
Colombo; Western Province;
Contact Details: Purchase the Sanasa Development Bank Plc report to view the information.
Website: http://www.sdb.lk
EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.
Request a demo of the EMIS serviceTo view more information, Request a demonstration of the EMIS service