WEAVING HOPE
AND PROSPERITY
SANASA Development Bank envisions a
future where every thread of effort contributes to a tapestry of growth and progress. Like the intricate
craft of weaving, whether it's fabric, reed, cane, or beeralu lace, the bank intertwines diverse
initiatives
to build a foundation of hope and prosperity for all.
Each strand symbolizes the unity of
grassroots
communities, innovative solutions, and unwavering dedication to empowering lives across Sri Lanka.
Together,
these strands create a strong and vibrant framework that uplifts individuals and drives economic growth at
every level.
With a steadfast focus on fostering financial inclusion and strengthening rural
development, SANASA Development Bank continues to bring together people, ideas, and opportunities to craft
a
brighter, more prosperous tomorrow for the nation.
About Us
SANASA Development Bank PLC
Our Vision
SANASA Development Bank PLC will be the apex Bank of the cooperative sector and a leading partner of national development with a global focus.
Our Mission
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.
Our Pillars, Values & Goals
Guiding Principles for Growth
Our Strategic Pillars
- Superior Customer Service
- Propelling SDB as the Bank of the masses
- Create wealth at community level
- Leading the digital adaptation/innovation
- Design and implement a winning operating model
- Role model in sustainable banking practices
Our Values
- To foster and maintain the highest ethical standards at all levels of the Bank and its agencies in dealing with customers, stakeholders and competitors
- To be innovative and demand driven in providing financial services
- To be courteous and professional in all business dealings.
- To avoid discrimination on the grounds of religion, sex, ethnicity, social status and language.
- To refrain from extending financial services for unethical and illegal pursuits.
Our Goals
- Improve the asset base to stay competitive and resilient in the market
- Transition from a largely micro-finance focus to a broader SME corporate focus
- Establish SDB as the Bank of the choice for the cooperative sector
- Introduce a comprehensive digital platform to future proof the Bank
- Provide a delightful experience to customers through value added service/li>
- Maintain a highly motivated and competent team aligned with the mission of the Bank
- Role model Bank for responsible finance in Sri Lanka
Leadership Message
Chairperson's
Message
Dear stakeholders, In 2024, the global economy continued to show moderate growth, a trend which is expected to continue into the next couple of years. Heightened policy uncertainty, trade policy shifts, geopolitical tensions, climate-related adverse events and persistent inflation are headwinds, which will continue to impact low-middle income countries and could curtail their effort toward reversing the negative effects of the last few years in reaching a higher pace of growth.
The Sri Lankan economy exhibited signs of recovery in 2024, following the severe economic downturn experienced in the preceding years. Despite the World Bank projecting a real GDP growth rate of 4.4% for the year, the country recorded a 5.0% GDP growth at the end of 2024. This recovery follows a severe foreign exchange crisis in 2022 and was supported by a $2.9 billion International Monetary Fund (IMF) program initiated in March 2023, along with a $25 billion debt restructuring completed in December 2024.
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Leadership Message
Chief executive Officer's Review
Dear stakeholders, I am pleased to report that 2024 marked a turning point for SDB Bank in the post-economic crisis era, with a significant revival in the Bank's business activities. Improvements in the overall economic conditions were a catalyst for business growth, as SDB Bank's traditional customer base, the SME and agriculture sectors, as well as the underbanked sectors of the economy, had been badly impacted by the economic crisis. The sustained reduction in interest rates as well as political stability and policy predictability, all converged towards creating a conducive environment for SDB Bank to embark on a new growth trajectory.
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