Citizens Development Business Finance

Citizens Development Business Finance PLC also abbreviated as CDB PLC or CDBF PLC is a Sri Lankan listed public limited company which works as a licensed finance company accepting deposits from general public. It is one of the leading finance companies in Sri Lanka and it is also ranked within the top five largest licensed financial institutions among the 46 non banking institutions in the country.[2] In September 2019, the company received the Best Social Media Initiative of the Year at the 2019 Asian Banking & Finance Awards which was held at the Shangri-La Hotel Singapore.[3] The company was also awarded the Sri Lankan Best Employer Brand of the Year in 2019.[4]

Citizens Development Business Finance PLC
TypePublic
CSE: CDB.N0000
ISINLK0368N00007
IndustryFinancial services
FoundedSeptember 7, 1995 (1995-09-07)
Headquarters
Colombo
,
Sri Lanka
Key people
  • Alastair Corera (Chairman)
  • Mahesh Nanayakkara (Managing Director/Chief Executive Officer)
RevenueIncrease LKR17,572 million (2021/22)
Increase LKR5,268 million (2021/22)
Increase LKR3,612 million (2021/22)
AUMIncrease LKR52,217 million
Total assetsIncrease LKR105,420 million (2021/22)
Total equityIncrease LKR17,648 (2021/22)
Owner
Websitewww.cdb.lk
Footnotes / references
[1]

Cooperate history

The Citizens Development Business Finance was incorporated as a public limited company on 7 September 1995 and it is listed at the Colombo Stock Exchange.[5] The company is licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act no 42 of 2011. As of 2019, the company has about 71 branches across the country.

References
  1. "Annual Report 2021/22" (PDF). cse.lk. Citizens Development Business Finance PLC PLC. Retrieved 10 July 2022.
  2. LBO (2019-06-03). "CDB profit before tax surpasses Rs 2.7bn, now among top 5 NBFIs". Lanka Business Online. Retrieved 2019-09-16.
  3. "CDB receives Best Social Media initiative of the Year 2019". bizenglish.adaderana.lk. Archived from the original on 2020-06-06. Retrieved 2019-09-16.
  4. "CDB wins big at Sri Lanka Best Employer Brand Awards 2019 - Citizens Development Business Finance PLC". cdb.lk. Retrieved 2019-09-18.
  5. "Corporate Information - Citizens Development Business Finance PLC". cdb.lk. Retrieved 2019-09-18.


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