Citizens Development Business Finance PLC (CDB) is a leading financial institution in Sri Lanka offering a plethora of financial products including business loans, housing loans, leasing, hire purchase, trade finance, foreign currency exchange, foreign remittances, fixed deposits, savings and pawning. Our clients cover a broad spectrum of entrepreneurs representing the micro-enterprises and small and medium enterprise (SME) to high-end and corporate market segments. Our business model of rural lending and urban funding enables us to achieve our purpose of enriching people’s lives through the extension of financial solutions.
The first decade of the 21st century has witnessed remarkable transformation, establishing CDB as a formidable leading player within the financial services industry.
From 2001 to 2010, CDB’s total asset base has grown from mere Rs. 276Mn to Rs. 9Bn.
The annual revenue has grown from mere Rs. 25Mn to around Rs.2 Bn.
Net assets which recorded a negative figure in 2001 have been converted to a positive of Rs. 800Mn.
A loss making entity in 2001, CDB has continuously recorded growth in profitability since 2004 and posted a net profit figure surpassing Rs.300Mn for the first nine months of the current financial year (2010/2011).
CDB was recently assigned BBB-/P3 credit rating by RAM Rating (Lanka) Ltd.
CDB today ranks as the 7th largest player in terms of total assets among 36 financial institutions registered under the Finance Companies Act with Central Bank of Sri Lanka.
CDB is also listed on the main board of CSE with a market capitalization nearly 4 Bn at present.
CDB has always focused on superior branding, clear market segmentation and a well defined corporate positioning to achieve business excellence. CDB’s consistent success can be attributed to the adoption of a diverse portfolio of value added financial services and superior customer service couple with commitment to enterprise governance. CDB is guided by a people driven business approach “Strategies bet on people to succeed”; a salutation to the valuable human capital it possesses. Our multi channel distribution network includes 33 online connected branches. CDB steps in to the second decade of 21st century with great aspirations and ambitious vision to seize the unprecedented opportunities and possibilities presented in post-war Sri Lanka within a rapidly changing context and accelerated economic growth.
RAM Rating (BBB-/P3)
Colombo Stock Exchange (Main Board)
To be the Financial Power House that will foster entrepreneurial innovation and workmanship towards building up our nation’s economy to make sustained gains in living standards of Sri Lankans.
Enriching people’s life through extension of financial services.
ProductsMeeting the needs of a fluctuating economy is an arduous task. CDB believes in adapting to change to meet the requirements of the people. Therefore, services offered by us are customised to suit your individual conditions. Along with all of our products, CDB offers competitive rates, flexible terms, and a courteous and efficient customer service. CDB is able to assist you in the following categories:
- Finance (Leasing/ Hire Purchase)
- 3-Wheeler Leasing
- Business Loans
- Housing Loans
- Fixed Deposits
- Money Exchange
- Fixed Deposits – “Dhana Surekum”
- Fixed Deposits – “Aee”
- Finance (Leasing/Hire Purchase)
- 3W Leasing (Three Wheeler)
- Fixed Deposits – “Deeghayu”
- Along with our products, we offer:
- Competitive rates and flexible terms
- Extended amount of time to settle the amount
- Courteous and efficient customer service
- Less documentation requirement
No.416, Galle Road , Colombo-06.
Phone : +94 011 2364699 E-Mail : email@example.com
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