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Sanasa Development Bank


 

BWTP Member Profile:


Sanasa Development Bank

Address: No 12 Edmonton Road, Kirulapona
City/Country: Colombo 6, Sri Lanka
Contact Person: Mr. Nimal  J. B. Mamaduwa
General  Manager/ CEO
Contact Number: 011-2375091 or 011-2375087
Fax Number: 011-5376686 or 011-5330823
Email Address: info@sdb.lk or mamaduwa@sdb.lk
Website: www.sdb.lk

MEMBER OVERVIEW

In 1997, as a response to the trends ushered in by globalization and a changing national economy, the SANASA Development Bank (SDB) was registered as a Licensed Specialized Bank by the Central Bank of Sri Lanka. Formed by various SANASA Primaries and the SANASA Federation, the SDB is a bank of cooperative microfinance.

The SDB now functions as the financial apex institution for the SANASA movement. Although bound by Sri Lankan banking law, the SDB is 100% cooperative owned and caters directly to members of the SANASA movement. Thus, the SDB is a professional organization providing sustainable microfinance to the Sri Lankan people.

Mission: SDB will develop and maintain a permanent customer base and delight our customers by providing high quality, innovative and competitive financial products and services to ensure the highest return possible in the market on share holders capital.

OUTREACH (As of YR 2010)

Number of Active Borrowers      202,803
 Female                                        92,275
 Male                                          110,528
 Number of Depositors               364,816

PRODUCTS / SERVICES

 I. Family Banking
       Saving
       Borrowing
       Investing
       Pawning
       Microfinance

II. Business Banking
       Saving
       Borrowing
       Investments
       Microfinance

III. Community
       Microfinance
       Institutional Strengthening
       and Social Programs
       Capacity Building
       Housing
       Environmental Projects
       Gender Empowerment

FINANCIAL INFORMATION (As of YR 2010)

(In US$)
Average Loan Balance per Borrower 

 $                       564.00

Average Deposit Balance per Depositor

    $                         312.00

Total Assets 

 $      158,102,333.00

Gross Loan Portfolio

 $        114,314,025.00

Capital/Asset ratio 12.43%
Deposits to Loans 99.53%
Deposits to Total Assets 71.96%
Gross Loan Portfolio to Total Assets 72.3%
Return on Assets

1.97%

Return on Equity

16.18%

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PUBLICATIONS

 


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