SANASA Development Bank PLC 2016 AR2
The report highlights SANASA Development Bank PLC's (SDB) performance and strategic transition during its 19th year of operations, focusing on expanding from microfinance to the SME sector. SDB rebranded with a new logo to reflect this shift and successfully partnered with international development agencies to strengthen its capital base. Key achievements include maintaining a gross non-performing loan ratio of 2.10%, well below the industry average, and expanding its branch network to 88 branches. The bank also advanced its digital transformation through the Quantum Leap Project, introducing mobile banking and centralizing credit operations to improve customer experience.
Company: SANASA Development Bank PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2016
Type: AR2
Pages: 292
Back to company
SANASA Development Bank PLC
Annual Report
The report highlights SANASA Development Bank PLC's (SDB) performance and strategic transition during its 19th year of operations, focusing on expanding from microfinance to the SME sector. SDB rebranded with a new logo to reflect this shift and successfully partnered with international development agencies to strengthen its capital base. Key achievements include maintaining a gross non-performing loan ratio of 2.10%, well below the industry average, and expanding its branch network to 88 branches. The bank also advanced its digital transformation through the Quantum Leap Project, introducing mobile banking and centralizing credit operations to improve customer experience.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees