Our Journey

1985 – 1990

  • Five Year Planning project of SANASA Group
  • Alternative bank for SANASA Group

1990 – 1995

  • Appointing a committee for banking operations of SANASA Federation

1995 – 1997

  • Discussion between the Dr. P.A. Kiriwandeniya and the President Chandrika Bandaranaike, who was then the Minister of Finance

1997 August

  • Granted banking license

1997 August 25

  • Establish the bank with an initial capital of LKR 123 mn, mainly contributed by primary SANASA Societies

1997 August

  • Open the 1st city branch in the Red Cross building

1998 November

  • 10th branch opened in Kandy

1999

  • Record total assets of over LKR 100 mn

2004

  • Tsunami relief and recovery activities
  • Build houses in the Northern and Western provinces

2006

  • Proceeded with the 10 year development plan

2007

  • Celebrated 10 years of Excellence

2007 April

  • Expand branch network to 25

2008

  • Winner of the National Excellence Award
  • Increased total assets to LKR 10bn
  • Increased staff to 500

2009

  • Introduced the SANASA Group loan scheme
  • Increased share price to LKR 1 Bn, from LKR 123 Mn

2009 August

  • Expanded branch network to 50

2010

  • Relocate the head office to a new building
  • Ranked the 2nd best microfinance institution in the World, by Mix Market Global – USA

2010 November

  • Expanded branch network to 75

2012

  • Introduced debit cards and ATM facilities
  • Listed on the main board of Colombo Stock Exchange

2013

  • Increased total assets to LKR 25 bn

2014

  • Increased staff to 1000
  • Oversubscribed 1st Rights Issue of SANASA Development Bank
  • Issued share capital exceeds LKR 03bn

2015

  • 60 Bn Asset base
  • 4 Bn Debenture
  • 5 Bn Capital base