SANASA Development Bank PLC 2018 IR
The report highlights SDB Bank's performance and strategic transformation during the fiscal year 2018. Despite economic challenges and increased impairment provisions under SLFRS 9, the bank grew its asset base to LKR 96.8 billion and expanded its lending to the SME sector to LKR 21.9 billion. SDB Bank advanced its digital transformation by automating its loan approval process and preparing to launch internet and mobile banking. The bank also aligned its operations with the UN Sustainable Development Goals, focusing on poverty alleviation, education, and women's empowerment through products like SDB Uththamavi.
Company: SANASA Development Bank PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2018
Type: IR
Pages: 208
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SANASA Development Bank PLC
Annual Report
The report highlights SDB Bank's performance and strategic transformation during the fiscal year 2018. Despite economic challenges and increased impairment provisions under SLFRS 9, the bank grew its asset base to LKR 96.8 billion and expanded its lending to the SME sector to LKR 21.9 billion. SDB Bank advanced its digital transformation by automating its loan approval process and preparing to launch internet and mobile banking. The bank also aligned its operations with the UN Sustainable Development Goals, focusing on poverty alleviation, education, and women's empowerment through products like SDB Uththamavi.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Integrated Report
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