SDB bank Relocates City Branch to Union Place, Offering Purpose-Driven Banking Services for Forward-thinking Sri Lankans

SDB bank, a unique bank with a clear vision to bolster the local economy by providing customized banking solutions to SMEs and all progressive Sri Lankans, recently relocated its flagship City Branch to a new facility at No.167, Union Place, Colombo 02. The new branch was officially declared open on the 19th of April 2023, amidst a grand opening ceremony graced by the Chairperson, Dinithi Ratnayake and SDB bank's CEO, Priyantha Thalwatte, Members of the senior management, SDB bank customers, prominent business leaders and individuals.

The relocation of the SDB bank City Branch is a strategic move by the bank's management to mark a stronger presence in a key geographical area with a stand-out facility equipped with improved facilities including ample parking facilities, ATM facilities etc.

The new flagship branch will be offering the bank's wide range of products and services, including savings, fixed deposits, Business Banking, SME loans, pawning and leasing – all of which reflect the bank's commitment to providing innovative and customer-centric banking solutions. Particularly, the bank's savings product range offering the most competitive interest rates and other unique features has been a stand-out in the market. 'Top Saver Plus’ for active savers and salaried employees, 'SDB Business Saver' for businesses, 'SDB Lakdaru' for children, SDB bank's savings portfolio effectively covers all important customer segments, providing them with best in class benefits. Apart from the high-interest rates, daily interest calculation and flexibility for 'Top Savers', digital facilities for 'Business Savers' and free insurance cover for 'Lakdaru Savers' are some of such noteworthy benefits to be mentioned.

The new City Branch will also enable SDB bank to connect with high-net-worth clientele who share the same vision and values as the bank, rooting for the upliftment of entrepreneurship and thereby national economic development.

Commenting on the relocation of SDB bank's City Branch, Dinesh Swarnage – Regional Manager- Western 1 at SDB bank said, "The relocation of the City Branch is a significant milestone as we reinvigorate the drive to service the financial needs of Colombo-based clientele with a strong focus on SME businesses. This branch offers convenience and customized services to progressive businesses and individuals who are seeking to actively contribute to the economic development of the country. City Branch's unique design and facilities reflect our customer-centric approach, and we look forward to providing our customers with personalized banking that seamlessly combines conveniences with warm human experiences."

With over 25 years of service in the Banking landscape in Sri Lanka, SDB bank is well-positioned to provide safe and trustworthy banking solutions to individuals and businesses. SDB bank is a licensed specialized bank regulated by the Central Bank of Sri Lanka, with a listing on the Main Board of the Colombo Stock Exchange and a Fitch Rating of BB + (Stable). The bank is committed to sustainable development and economic upliftment by supporting small and medium enterprises (SMEs), with a special focus on female entrepreneurship development. Alongside this, SDB bank is committed to incentivizing savings and fueling economic development in Sri Lanka, by providing more than simple financial services to the SME sector, through various workshops and skills development, entrepreneurship, mentorship and consultancy programs. Furthermore, SDB bank's financing activities give preference to businesses and initiatives that take a sustainable approach, reflecting the bank's commitment to environmental, social, and governance sustainability.