SANASA Development Bank

Debt : September 2019

Sanasa Development Bank (SDB) has its roots in a large network of savings and credit cooperatives in Sri Lanka. Since its inception two decades ago, the bank has played a vital role in driving financial inclusion and socio-economic progress among Sri-Lanka’s grassroot communities.

Amount

€ 7,270,400.00

Type of investment

Debt

Development impacts

Local economic growth
Financial inclusion

Beneficiary locations

Asia: Sri Lanka

Investment field

Financial Institutions

Activity

Commercial bank

Organisation

SANASA Development Bank

Website

https://sdb.lk/en/

Domicile

Sri Lanka

More investments in

SANASA Development Bank

Equity € 3,387,334.87 (2021)

SDB serves more than 1 million customers primarily in the retail, SME and cooperative society sectors, and offers numerous solutions in development banking, personal banking and leasing while also encouraging investment/savings through deposit products. It operates a network of more than 90 branches.

BIO’s loan will strengthen the capital of the bank and allow it to deploy its business plan and grow its MSME loan portfolio.

Development impacts

Local economic growth
Support of the MSME loan portfolio growth
Financial inclusion
Access to credit for micro-entrepreneurs (98% of MSME clients are individuals)

Read impact and news about this project

News

SDB bank will issue 10% shares to Belgian Investment Company for Developing Countries (BIO)

09-07-2021

The Belgian Investment Company for Developing Countries (BIO) agreed with SDB bank, a pioneering provider of financial services, to take up a 10% share of the bank, amounting to Rs. 925 million at Rs. 51.50 a share, via SDB bank’s Secondary Public Offering (SPO).