SANASA Development Bank PLC 2021 IR
The report highlights SDB bank's performance and strategic progress during the fiscal year 2021. Despite pandemic-related challenges, the bank achieved its highest-ever profit after tax of LKR 883 million, representing a 6% year-on-year growth. SDB bank successfully raised LKR 3.5 billion in core capital through a Secondary Public Offering to support its growth trajectory, particularly targeting SMEs and female entrepreneurship. The bank also secured a USD 40 million loan facility from the US International Development Finance Corporation to further empower women-led businesses and small enterprises. Additionally, the bank advanced its digital transformation by upgrading its core banking system and expanding its UPAY digital payment platform.
Company: SANASA Development Bank PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2021
Type: IR
Pages: 280
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SANASA Development Bank PLC
Integrated Annual Report
The report highlights SDB bank's performance and strategic progress during the fiscal year 2021. Despite pandemic-related challenges, the bank achieved its highest-ever profit after tax of LKR 883 million, representing a 6% year-on-year growth. SDB bank successfully raised LKR 3.5 billion in core capital through a Secondary Public Offering to support its growth trajectory, particularly targeting SMEs and female entrepreneurship. The bank also secured a USD 40 million loan facility from the US International Development Finance Corporation to further empower women-led businesses and small enterprises. Additionally, the bank advanced its digital transformation by upgrading its core banking system and expanding its UPAY digital payment platform.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
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