SDB opens new branch at Malabe

SANASA Development Bank PLC (SDB) opened its new branch at Malabe on 20 May.

SDB Malabe Branch was opened to No. 410/1, Athurugiriya Road, Malabe with the objective of providing more efficient and friendly service to its customers with more sophisticated facilities. 

Sanasa Development Bank is a public quoted company with limited liability incorporated under the Companies Act 17 of 1982 and re-registered under Companies Act No. 07 of 2007 and registered as a licensed specialised bank by Central Bank of Sri Lanka under the Banking Act No. 30 of 1988. It operates with a branch network of 83 branches all over the country. 

SDB Malabe has been able to introduce a variety of banking products and services with a vast coverage of customers, from new born babies to all categories of senior citizens. Those products and services come under different brand names of ‘LakDaru’ Children’s Savings, ‘Jawaya’,  ‘Uththamavee’, ‘Upahara’, ‘Dashaka’, ‘SDB Aayojana’, ‘Swarnakirana’, ‘Ranmini’ Pawning Services, SDB Leasing,  SME Plus, etc,  introduced for the convenience of the bank’s customers. 

The recently introduced ‘Upahara’ Loan Scheme of SDB offers loan facilities up to 1.5 million for retired government officers as well as retired officers from Central Bank of Sri Lanka and Ceylon Electricity Board.

The Malabe Branch was ceremonially opened by Mayor of Kaduwela Municipal Council G.H. Buddhadasa with the participation of SDB Chairperson Samadanie Kiriwandeniya, SDB Deputy Chairman T. Karunasena and some prestigious invitees including SDB Chief Executive Officer/General Manager Nimal C. Hapuarachchi, SDB Chief Operating Officer Kumar Mayadunne and a few other top management officers from SDB. Members of the Malabe trade association and public and private sector organisations were also present.