Sanasa Development Bank’s 17th AGM in Kegalle today

Friday, 30 May 2014 00:00 - - {{hitsCtrl.values.hits}}

The 17th Annual General Meeting of Sanasa Development Bank PLC is scheduled to be held today (30) at the Sanasa Campus Century Auditorium. During 1Q 2014, Sanasa Development Bank (SDB) has surpassed the budgeted profit, deposits and advances. In view of the credit growth and losses in the pawning portfolio bank’s forecast for 1Q 2014 being lower than 1Q 2013, 1Q 2014 shows a comparative drop in profits. However, the bank’s forecast for 3Q and 4Q 2014 indicates satisfactory growth over comparative performance in 2013. SDB is poised for growth under its new diversified business model, targeting SMEs and corporates with a new line of financial services. These efforts at upgrading bank’s services will be felt in the short term.

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