EquityLK

Sanasa Developement Bank Plc

SDB.N0000Fairly valued

Banks & Finance · Regional Banks

SANASA Development Bank PLC (SDB bank) is a Sri Lanka-based licensed bank that provides a range of banking and financial services to cooperatives, micro, small and medium enterprises, larger businesses and individual customers.

SDB shares are up 0.4% over the past year and last closed at Rs 47.20 on Sep 30, 2026.

Rs 47.20
-2.28%
Price history
+0.43%

Monthly seasonality

Monthly total returns by year and calendar month
YearJanFebMarAprMayJunJulAugSepOctNovDec
2026+12.2-0.3-18.8+8.1-7.0+3.6-13.5+2.5-3.3+0.0+0.0+0.0
2025-4.9-8.8-10.6-1.7+1.4+6.9+7.8+10.8+3.0+19.6+10.1-6.9
2024-4.9+2.7+8.3+5.8-5.5-2.6-3.2-1.3+5.1+5.1+1.5+40.4
2023+4.5+4.3+4.6-0.4-10.4+33.5+19.4-2.0+2.9-0.8-10.6-3.8
2022+2.3-9.3-24.8-10.3-11.2-13.4+13.0+0.0+18.8-17.3+1.7-6.0
2021+6.5-5.8-3.3-8.5-0.4-2.3-0.4+3.8-2.1+1.2-4.9-12.2
2020-8.0-6.8-14.5+0.0+0.0+21.8-5.4-2.1+9.2-2.4+0.2+8.6
2019-10.7-5.7-9.1+0.0+0.0+0.0+16.7-4.3-9.0+4.1-0.6+1.6
2018+6.8+0.0-0.1-2.6-3.7-8.5-0.5-12.8-11.3+6.8+4.1+0.0
2017-3.6+1.5-2.5+9.0+4.4-8.5+1.5-5.3-2.0-0.7+8.0-1.0
2016-9.9-2.2-2.2+6.8-1.8-16.3+0.8-6.6-1.3-4.4-7.1+4.7
2015+9.4+24.3-5.7+7.3+21.6-4.6+10.7+2.5-2.8-3.4-3.0+5.9
2014+3.5-5.5-0.9+11.9-0.8-3.8+0.7+28.4+8.6-14.6-8.0+2.9
2013-5.4-10.1-2.1+5.5+19.4-13.3+12.8-2.9+1.7-0.6-5.5+4.0
2012+0.0+0.0+0.0+0.0+0.0+0.0-9.9-9.5+18.1-14.5+1.3-0.6
Average-0.1-1.5-5.8+2.4+0.5-0.5+3.4+0.1+2.4-1.6-0.9+2.7
ASPI average+3.1-2.7-4.7+2.0+0.2+0.8+3.1+2.2+3.2-0.1+1.0+3.0
Median-0.6-3.9-2.9+5.5-0.8-3.2+0.8-2.0+1.7-0.8-0.2+0.8
% up50%29%14%54%31%29%60%33%53%36%50%50%
P/E
19.1
P/B
0.52
EPS
Rs 2.47
Div Yield
0.00%
Market Cap
Rs 7.7B
Beta
1.62
ROE
2.7%
Op Margin
5.1% (-9.1pp)

Fundamentals

LineFY2025FY2024FY2023FY2022FY2021FY2020FY2017FY2016
Total income
Rs 9.5B
+7.5%
Rs 8.8B
-5.6%
Rs 9.4B
+20.8%
Rs 7.7B
+4.2%
Rs 7.4B
+8.8%
Rs 6.8B
Rs 4.4B
+23.3%
Rs 3.6B
-1.4%
Operating profit
Rs 800.2M
+16.9%
Rs 684.3M
-11.4%
Rs 771.9M
+696.2%
Rs 97.0M
-92.7%
Rs 1.3B
-33.0%
Rs 2.0B
Rs 1.1B
+21.2%
Rs 909.7M
-18.1%
Net profit
Rs 404.9M
-1.1%
Rs 409.5M
-12.3%
Rs 466.8M
+663.2%
Rs 61.2M
-93.1%
Rs 883.3M
+5.6%
Rs 836.3M
Rs 507.8M
+25.8%
Rs 403.7M
-44.0%
EPS
2.47
-0.8%
2.49
-14.1%
2.90
+663.2%
0.38
-95.0%
7.63
-31.0%
11.05
10.18
+4.2%
9.77
-45.4%

Compared with the same period a year earlier.

Parent company only. Subsidiaries are not included.

Per-share figures are as reported, not adjusted for splits.

Recent dividends

  • 2021 · finalRs 1.50
  • 2020 · first and finalRs 2.25
  • 2019 · finalRs 2.00
  • 2018Rs 2.50
Peer comparison5 peers in Banks & Finance
Sector overview Open in screener
1Pan Asia Banking Corporation PLC
PABC.N0000
Rs 49.50
P/E
5.5
P/B
0.69
ROE
13.18%
Yield
2.02%
2Amana Bank Plc
ABL.N0000
Rs 26.00
P/E
5.8
P/B
0.55
ROE
9.89%
Yield
9.43%
3Union Bank of Colombo PLC
UBC.N0000
Rs 11.60
P/E
19.3
P/B
0.61
ROE
3.17%
Yield
0.00%
4Cargills Bank Ltd
CBNK.N0000
Rs 7.20
P/E
15.0
P/B
0.61
ROE
4.47%
Yield
0.00%
5Sanasa Developement Bank Plc
SDB.N0000 · this company
Rs 47.20
P/E
19.1
P/B
0.52
ROE
2.74%
Yield
0.00%
6Housing Development Finance Corporation Bank of Sri Lanka
HDFC.N0000
Rs 64.90
P/E
-
P/B
0.55
ROE
-1.23%
Yield
0.00%
Peer median · 5 companies
P/E 10.4P/B 0.61Yield 0.00%

About Sanasa Developement Bank Plc

SANASA Development Bank PLC (SDB bank) is a Sri Lanka-based licensed bank that provides a range of banking and financial services to cooperatives, micro, small and medium enterprises, larger businesses and individual customers. The Bank serves as a principal banking partner to the SANASA cooperative movement and acts as a channel for concessionary funding from government programmes and international development partners. Its core activities include deposit-taking, lending and value-chain financing across retail, SME and agricultural sectors, supported by advisory, capacity-building and community development initiatives such as the Rural Upliftment Programme. The Bank has pursued specialised agri-financing strategies in collaboration with external partners and has developed digital capabilities, including a digital onboarding platform and the SDB Upay application for banking and wallet services. SDB bank has no subsidiaries and reports on its standalone banking operations. The Bank operates across Sri Lanka with a focus on financial inclusion, strengthening cooperative relationships and supporting SME and agricultural value-chain development.

Interest Rates

AI analysis

bearish

Evidence points bearish because June-quarter profit fell 53.3% as margins compressed. The counterweight is a 0.52 times P/B, low relative to finance-sector peers.

Read the full report (Sep 30, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
In line with its usual news flow
its own lowits own high

Higher than 38% of its last 8 months · 16 of 26 in its sector

3 articles in 30 days: 1 positive, 0 negative, 2 neutral.

24 months positive negative 3-month net
Oct 24: 2 articles, net +1.00Nov 24: 3 articles, net +1.00Dec 24: 1 articles, net +1.00Mar 25: 1 articles, net +1.00May 25: 2 articles, net +0.50Jun 25: 2 articles, net +1.00Aug 25: 2 articles, net +1.00Sep 25: 4 articles, net +0.00Nov 25: 5 articles, net +0.80Jan 26: 3 articles, net +1.00Feb 26: 2 articles, net +0.50Jun 26: 3 articles, net +0.33Jul 26: 1 articles, net +1.00Aug 26: 1 articles, net -1.00Sep 26: 3 articles, net +0.09Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26
Recent news
View all news →
EconomyNext·Sep 17, 2026·Market commentaryPositive
Stocks down on Thursday, capital goods lead turnover

Colombo Stock Exchange fell as the ASPI dropped 0.47% (−100.30 pts) to 21,033.11 and the S&P SL20 fell 0.30% to 5,929.45; market turnover was LKR 1.33bn, led by capital goods (LKR 282.3m). Investors cited slowing GDP momentum, US midterms and possible crude oil price rises as factors.

Fuel & Energy Prices
Daily FT·Sep 16, 2026·Promotional / marketingPositive
SDB bank marks 29 years of empowering people

Sanasa Development Bank (SDB) marked its 29th anniversary, celebrating nearly three decades of financial inclusion and community development and launching initiatives including a beekeeping entrepreneur project in Badulla and a staff-led blood donation drive. The bank also honoured employees with 25-year service awards.

Ada Derana·Sep 16, 2026·Award or certificationPositive
SDB bank Marks 29 Years of Empowering People and Communities Towards a Sustainable Future

SDB bank marked its 29th anniversary, celebrating nearly three decades of empowering customers, SMEs and communities and launching initiatives including a beekeeping entrepreneur development project and a scheduled blood donation programme. The bank also honoured long‑serving employees and held branch-level celebrations.

Daily FT·Sep 4, 2026·Management or board change
Nishani Ariyawansa joins SDB Bank Board

Sanasa Development Bank PLC appointed Nishani Ariyawansa as an Independent Non-Executive Director; she has over 30 years' finance experience, including serving as CFO of Standard Chartered Bank from 2010 to 2024.

EconomyNext·Sep 3, 2026·Market commentaryNegative
Sri Lanka stocks close up on Thursday, ASPI moves 0.33-pct

Colombo Stock Exchange rose: ASPI +0.33% to 21,395.11 and S&P SL20 +0.40% to 6,007.23, with turnover Rs 2.45 bn. Top gainers included Haycarb, Royal Ceramics, Dipped Products, Access Engineering and Dialog Axiata; HNB, Pan Asia, DFCC and SANASA Development Bank were laggards. Maharaja Foods issued an addendum setting an EGM on Sep 25, 2026 for its proposed scrip dividend.

Daily FT·Aug 12, 2026·Market commentaryNegative
CSE edges down, ends four-session rally amid profit taking

The Colombo stock market ended a four-session rally as the ASPI fell 0.07% to 21,402.80 and the S&P SL20 dipped 0.04% to 5,983.14; market turnover was over Rs.1.5bn and foreign investors were net sellers (net outflow Rs.356.2m).

EconomyNext·Aug 11, 2026·Market commentaryNegative
Stocks close flat on Tuesday, diversified financials lead turnover

Colombo Stock Exchange closed flat as the ASPI slipped 0.07% to 21,402.80 with turnover at LKR 1.52bn; diversified financials led turnover (LKR 175m) followed by banks (LKR 170.2m). Merchant Bank of Sri Lanka & Finance clarified its rights issue subscription level and its shares rose 4.76% to LKR 11.00.

Daily FT·Aug 7, 2026·Promotional / marketingPositive
Key moments from SDB bank's Business Centre opening at Union Place

SDB bank (SDB.N0000) opened a new Business Centre at Union Place, Colombo to expand corporate and business banking services and strengthen ties with SMEs, entrepreneurs and mass-affluent clients. The centre aims to bring the bank closer to decision-makers and support SME empowerment and community upliftment.

Banks & Finance sector: what is happening

Last 14 days to Sep 30, 2026

With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.

The stories behind it

Auto-generated from 45 sector news articles over 14 days. Not investment advice.