SDB Bank opens 91st branch in Bandarawela

SANASA Development Bank Plc (SDB Bank), celebrating its 20th anniversary as the pioneer bank contributing to the development of the Sri Lankan rural economy, opened its 91st branch in Bandarawela yesterday, marking yet another milestone in its successful journey.

SDB Bank, which has been able to perform a huge role in the Sri Lankan microfinance sector during the past 20 years, re-launched its brand name as SDB Bank and introduced novel banking solutions for those in the small and medium sector to fulfill their saving, credit and other banking needs.

It is expected that the small and medium-scale loan schemes introduced by SDB will assist in the upliftment of the living standards of the people of Bandarawela, who live within an agriculture-based economic system.

The community in the Bandarawela area will be able to enjoy the benefits of various programs conducted by SDB in collaboration with different institutions such as the Ministry of Industry and Commerce, the Central Bank of Sri Lanka, the Small Enterprise Development unit of the Ministry of National Policies and Economic Affairs, National Entrepreneurship Development Authority and Ministry of Agriculture.

SDB has introduced a variety of banking products and services with vast coverage of customers, from newborn babies to all categories of senior citizens. Those products and services come under the different brand names of LakDaru Children’s Savings, SDB Dayada, Jawaya, Uththamavee, Upahara, Uttamachara, Dashaka, SDB Aayojana, Swarnakirana, SDB Leasing, SME Plus, etc, introduced for the convenience of the bank’s customers.

Further, cooperative societies in the area too will benefit from the presence of SDB Bank through its banking services as a bank emerging from the cooperative movement. Banking products for the cooperative sector are introduced under different brand names such as the Pooled credit loan scheme, Prabodhani loan scheme, dairy industry promotion loan scheme and society loans, etc. for the convenience of its customers.

The Bandarawela branch was ceremonially opened by SDB Bank Chairperson Samadanie Kiriwandeniya, with the participation of several distinguished invitees including the Government Agent of the Badulla District, Deputy Cooperative Commissioner of the Badulla District, the Commissioner of the Bandarawela Urban Council, the Divisional Secretaries of the Bandarawela and Diyathalawa DS Divisions, SDB Bank Chief Operating Officer Kumar Mayadunne, SDB Bank Deputy General Manager W.D.K.R. Ranjith , SDB Bank Uva Regional Manager K.B. Rathnayake and SDB Bank Manager Bandarawela branch Sanjeewa Gamaarachchi  along with representatives of SDB Bank’s management and the Bandarawela Trade Union and customers of the bank from the public and private sectors.