SDB Bank moves city branch to Union Place, providing purpose-driven banking to forward-thinking Sri Lankans – The Island
SDB Bank, a unique bank with a clear vision to boost the local economy by providing bespoke banking solutions to SMEs and all progressive Sri Lankans, recently relocated its flagship city branch to a new building at 167 Union Square, Colombo 02. facility. The opening of the new branch was officially announced on April 19, 2023 with a grand opening ceremony attended by Chairman Dinithi Ratnayake and SDB Bank CEO Priyantha Thalwatte, senior management, SDB Bank customers, eminent business leaders and individuals opening ceremony.
The relocation of Shenzhen Development Bank’s city branch is a strategic move by the bank’s management to strengthen its presence in key geographical areas through prominent facilities with well-appointed facilities including ample parking facilities, ATM facilities, etc.
The new flagship branch will offer the bank’s wide range of products and services, including savings, term deposits, commercial banking, SME lending, pawning and leasing – all reflecting the bank’s commitment to delivering innovative and customer-focused banking solutions . In particular, the bank has consistently stood out in the market with its line of savings products offering the most competitive interest rates and other unique features. With “Top Saver Plus” for active savers and salaried employees, “SDB Business Saver” for businesses, and “SDB Lakdaru” for children, SDB’s savings portfolio effectively covers all important customer groups and provides them with first-class benefits . Apart from the high interest rate, daily interest calculation and flexibility of “Top Savers”, the digital facility of “Business Savers” and free insurance of “Lakdaru Savers” are some of the benefits worth mentioning.
The new city branch will also enable SDB to connect with high-net-worth clients who share the same vision and values as the bank, supporting the promotion of entrepreneurship and the country’s economic development.
Commenting on the relocation of SDB Bank City Branch, Dinesh Swarnage, Regional Manager West 1, SDB Bank said, “The relocation of the City Branch is an important milestone as we reinvigorate our drive to serve the financial needs of our customers in Colombo with a strong focus on SMEs business. The branch provides convenience and customized services to progressive businesses and individuals seeking to make a positive contribution to the nation’s economic development. City Branch’s unique design and facilities reflect our client-centric approach, and we look forward to providing our clients with Personalized banking services seamlessly combine convenience with a warm and humanized experience.”
With over 25 years of experience in the Sri Lankan banking industry, SDB Bank is able to provide individuals and businesses with safe and secure banking solutions. SDB is a licensed professional bank supervised by the Central Bank of Sri Lanka, listed on the main board of the Colombo Stock Exchange, and rated BB+ (stable) by Fitch. The bank is committed to sustainable growth and economic upliftment by supporting small and medium enterprises (SMEs), with a particular focus on women’s entrepreneurship development. Apart from this, SDB Bank strives to provide more than simple financial services to the SME sector through various workshops and skills development, entrepreneurship, mentoring and advisory programmes, to incentivize savings and drive economic development in Sri Lanka. In addition, SDB’s financing activities prioritize companies and initiatives that adopt a sustainable approach, reflecting the bank’s commitment to environmental, social and governance sustainability.
