SDB bank is a licensed specialized bank regulated by the Central Bank of Sri Lanka, with a listing on the Main Board of the Colombo Stock Exchange and a Fitch Rating of BB . The bank strives to support the country's economy by helping to fulfil the development goals of people from all walks of life, as a bank "Where you're valued".
Through its network of 94 branches island-wide and over 5000 ATM points enabled by the LankaPay inter-bank network, the bank provides a comprehensive range of financial services to its Retail, SME, cooperative and Business Banking clients across the country.
SDB bank's closely-linked brand value and business growth led to the bank being placed within the top 50 in 'Sri Lanka's 100 most valuable brands' list for 2020 conducted by the local arm of global brand valuation consultancy Brand Finance, who are regulated by the Institute of Chartered Accountants England and Wales. Further, the bank is in the 50 most awarded companies in Sri Lanka for 2019/20.
SDB bank was also able to secure three awards at the Asian Banking & Finance Awards 2019 for the Financial Inclusion Initiative of the year, the Advertising Campaign of the year, as well as Rural/Cooperative Bank of the year. Further, UPay the multifaceted payment app of SDB bank was able to secure the 2nd Runner-up Award in the Best Client Delivery Innovation category at the SLASSCOM Innovation Awards 2019. The direct connection SDB bank has to over 8500 Cooperatives is a key factor to make an internationally recognized mark in this sector.
SDB bank also sets numerous industry firsts in 2020, including the successful execution of the first ever digital rights issue in the country with an oversubscription.
The bank also has secured the captive attention of few international investors which includes International Finance cooperation (IFC) & attracting significant investments to the bank, (SBI) & (FMO)
Fitch Rating BB (stable), Reg No: PB62PQ
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Industry
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Banking
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Company size
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1,001-5,000 employees
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Headquarters
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Colombo 00600, Western Province
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Type
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Public Company
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Founded
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1997
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Specialties
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Development, SME, Micro Enterprise, Economy, Deposits, Savings, Loans, and Digital Banking