SANASA Development Bank PLC 2020 IR
The report highlights SANASA Development Bank PLC's (SDB bank) performance for the fiscal year 2020, during which the bank achieved its highest-ever net profit of LKR 835 million. Despite the challenges of the COVID-19 pandemic, the bank successfully executed Sri Lanka's first digital rights issue, raising LKR 1.5 billion to strengthen its capital base. SDB bank accelerated its digital transformation by integrating the national LANKAQR code into its UPay app and implementing electronic signatures for loan approvals. The bank also prioritized financial inclusion and agricultural development, partnering with MILCO to support dairy farmers and with the Institute of Chartered Accountants of Sri Lanka to mentor SMEs.
Company: SANASA Development Bank PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2020
Type: IR
Pages: 220
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SANASA Development Bank PLC
Integrated Annual Report
The report highlights SANASA Development Bank PLC's (SDB bank) performance for the fiscal year 2020, during which the bank achieved its highest-ever net profit of LKR 835 million. Despite the challenges of the COVID-19 pandemic, the bank successfully executed Sri Lanka's first digital rights issue, raising LKR 1.5 billion to strengthen its capital base. SDB bank accelerated its digital transformation by integrating the national LANKAQR code into its UPay app and implementing electronic signatures for loan approvals. The bank also prioritized financial inclusion and agricultural development, partnering with MILCO to support dairy farmers and with the Institute of Chartered Accountants of Sri Lanka to mentor SMEs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees