Banks & Finance · Regional Banks
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 9.5B | Rs 404.9M | 2.47 |
| 2024 | Rs 8.8B | Rs 409.5M | 2.49 |
| 2023 | Rs 9.4B | Rs 466.8M | 2.90 |
| 2022 | Rs 7.7B | Rs 61.2M | 0.38 |
| 2021 | Rs 7.4B | Rs 883.3M | 7.63 |
| 2020 | Rs 6.8B | Rs 836.3M | 11.05 |
| 2019 | Rs 6.1B | Rs 253.4M | 4.50 |
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.
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Sanasa Development Bank (SDB.N0000) said CEO Kapila Ariyaratne will step down effective 6 Oct 2026 and Deputy CEO Manoj Akmeemana will become CEO from 7 Oct 2026, subject to Central Bank approval.
Sanasa Development Bank (SDB.N0000) reported Profit After Tax of Rs. 60 million for Q1 2026, a 7% increase year-on-year. Net fee and commission income rose 29% to Rs. 152 million, and capital/liquidity ratios remained strong (Total Capital Ratio 15.15%, LCR 145.08%, NSFR 136.97%).
Fitch says the Central Bank of Sri Lanka's reintroduced bank consolidation framework is broadly credit-positive, targeting banks with assets below Rs.400 billion and subjecting banks scoring under 60% in 2026–27 to possible mandatory consolidation. Fitch notes consolidation should strengthen capital and franchises, and identifies HDFC.N0000 as a likely acquisition target.
Banks across Sri Lanka are intensifying AML/CFT controls ahead of the country's third mutual evaluation, warning a negative outcome would damage financial credibility and access to funding. Leading banks such as DFCC and HNB report system upgrades, AI-backed transaction monitoring, stronger KYC/UBO processes and mock evaluations.
Sanasa Development Bank Plc appointed Manoj Akmeemana as Deputy Chief Executive Officer. He brings over 35 years' experience in corporate lending, credit administration, recoveries and risk management, and previously held senior roles at Sampath Bank.
SDB bank appointed Manoj Akmeemana as Deputy Chief Executive Officer; he brings over 35 years of experience in corporate lending, credit administration, recoveries and risk management and joins from Sampath Bank.
Regulatory tightening dominated banks/finance as Cabinet named the SEC to regulate virtual asset service providers within a CBSL/FIU/IRD framework and approved a 2026-2030 national AML policy. The FIU flagged long-running trade-based money laundering via phantom imports, after probes found about $715m in fraudulent remittances. CBSL kept LTV caps on vehicle and gold loans. Services PMI signaled June expansion led by financial services.
Auto-generated from 17 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.