Citizens Development Business Finance PLC


Established in 1995, CDB is the 6th largest non-banking financial institution in Sri Lanka with an asset base of Rs. 75 bn. Our core remains with the intent to promote financial inclusion with access to finance for those at the grass root level and be a net lender to all the citizens of this country.
The fusion of strengths and our drive to reach new levels of dominance has enabled us to be the forefront of Sri Lanka’s financial services industry as a total financial services provider. The innovative, diversified and constantly evolving range of products and services we offer, cater to the evolving requirements of our diverse customer base. Our impressive network of 71 outlets across the island, supported by cutting-edge technology, empowers our customers through the provision of advanced financial services.
Recognized as a wholly people-centered organization, built on human emotions, human passion and human spirit categorized as “EPS” our journey over the years. We also ensure that our human capital is driven with adaptable technology to keep up our speed phase with the upcoming FinTech race. Our staff pool consists of 1500 employees, out of which 29 employees are specialized into IT field, under Information Systems, Networking and IT Governance while around 06 employees are attached to the EBIT (Emerging Business Information Technology) Incubator center which was initiated at the beginning of this year, to ensure that CDB will be driven with new emergent innovative products which will be digital and tech savvy, to ensure more ease and on the go financial solutions to our customers.

Core Competencies / Specializations

Our main core competency is to be the market leader in the financial industry catering to the needs of our customers and making luxury affordable.
CDB acts not only as a Lending and Deposit taking institution, but we also provide financial advices and wealth management solutions through h our corporate advisory services.
Further we enhance our interest on the public by conducting major CSR projects such as the Autism Awareness Project and other sustainability related projects, in which we have shined awards given by recognizable by prominent bodies with Sri Lanka and foreign countries as well.

The emergence of Fin-Tech, digital interaction, artificial intelligence and agile work environments has prompted a shift in focus to understanding the key competencies of financial services will require in the future to transform business. The banking and financial service world is rapidly moving towards digitally enabled products and services with increasing prominence to fin-tech transformation.
Therefore since last financial year our performance was propelled to a great extent by the rich dividends from our E-commerce and digital initiatives. Our digital strategy is aimed at transforming our business into a Tech-Fin Institution within the next 10 years. The ecosystem we are building to meet buyers and sellers who have the potential of becoming our future customers, contributed significantly towards generating new business opportunities in the financial year under review.

Key Clientele

Our customers and business partners are the foundation of our past, present and future success. Our key clientele base mainly consist of our Deposit and Lending customers which will accumulate to an estimate of more than 200,000
Since last year with the launch of, we have around more than 9000-10,000 per day.

Recognitions / Achievements

1. Top finalist, Asia’s Best CSR Communication within Annual Reports at the Asia Sustainability Reporting Awards 2017 of CSR Works, Singapore
2. Gold Award winner at the SLITAD Annual People Development Awards 2016/17
3. Silver award for written Text, Bronze winner for traditional annual report/Photography and Honors for financial data at the 2017 International ARC Awards
4. Ian Dias Abeysinghe Memorial JASTECA CSR/Sustainability Special Award
5. Joint Winner – ACCA Sri Lanka Sustainability Reporting Awards 2017
6. First Runner up: Best Corporate Citizen Sustainability Award (less than 15Bn turnover category) Winner: Best Sustainability Project Award 2017: Green Ninja CDB Quiz Master 2017 Special Award: “Act Early for Autism” project at the Best Corporate Citizen Sustainability Awards 2017
7. Silver Award CA Annual Report Awards 2017 (Finance and Leasing Companies – Total Assets above 20Bn)
8. “Ten Best Integrated Reports” Excellence in Integrated Reporting Awards 2017 conducted by Certified Management Accountants of Sri Lanka
9. Winner: Non-Banking and Financial/Services Sector Merit Award: Excellence in Performance Management (Organized by the National Chamber of Commerce of Sri Lanka) at the National Business Excellence Awards 2017
10. Joint Second Runner Up Best presented Annual Report Awards by the South Asian Federation of Accountants
11. an e-commerce platform solely owned by CDB won, the Most popular website at the 2018.

Strengths and other Products and Services

Our Sales force team is our major strength

Contact Us

  • Address:
    123, Orabipasha Mawatha, Colombo-10
  • Fax:

Office 1

  • Address:
    123, Orabipasha Mawatha, Colombo-10
  • Phone:
  • Fax:

Key Executives

  • Mahesh Nanayakkara, CEO
  • Mahesh Nanayakkara, Managing Director
  • Damith Tennekoon, Director

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