Thursday Oct 16, 2025
Thursday Oct 16, 2025
Thursday, 16 October 2025 05:28 - - {{hitsCtrl.values.hits}}
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Dr. Asanga Tennakoon
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The Regional Development Bank (RDB), Sri Lanka’s premier state-owned development bank, third largest branch network with 272 branches, has announced the appointment of Dr. Asanga Tennakoon as its new General Manager/Chief Executive Officer, effective from 13 October 2025.
Dr. Tennakoon is a highly accomplished and versatile C-suite banking professional with over 25 years of progressive experience in wholesale banking, covering corporate and SME segments across Sri Lanka and the Middle East. He is a specialist in credit appraisal, risk management, project financing and asset management, with a consistent track record of delivering strategic business growth and operational excellence.
Prior to joining RDB he served as Vice President – Corporate Banking at Union Bank of Colombo PLC, and led a dynamic team in driving high-value client relationships and enhancing portfolio performance. Throughout his tenure at Union Bank, Dr. Tennakoon has held several senior leadership roles, including Assistant Vice President and Zonal Head, where he successfully managed large credit portfolios, and implemented central credit processing.
His international exposure includes a role at Doha Bank in Qatar and Dubai, where he managed corporate clients during the global financial crisis, effectively restructuring non-performing assets. At Sampath Bank PLC, he contributed to the bank’s success by managing corporate accounts and conducting credit mentoring and other training programs.
Dr. Tennakoon holds a Doctor of Business Administration (DBA) from Universidad Azteca, a Master’s in Financial Economics from University of Colombo and multiple professional qualifications in banking and finance. He is an Associate Member of the Institute of Bankers of Sri Lanka and a member of several other prestigious professional bodies.
With deep expertise in strategic planning, regulatory compliance, customer relationship management and team leadership, Dr. Tennakoon continues to make significant contributions to the banking sector, focused on value creation, sustainable growth, and innovation.
RDB Bank, with the objectives to facilitate the overall regional economic development of Sri Lanka, promotes the development activities of the country such as agriculture, livestock, trade and commerce, fisheries, tourism, and industry. Complemented by 272 branches along with a 6 million customer base island-wide, it empowers all Sri Lankans over the 40 years of the bank’s history.
