CDB extends operations to North

The Citizens Development Business Finance Ltd (CDB) recently spread its wings to the North with two fully fledged Service Centres in Jaffna and Vavuniya. at Stanley Road, Jaffna and the Vavuniya Service Centre is at Kandaswamy Kovil Road. Both Centres are fully geared to extend CDB's wide range of products and services to the people of the North.

The Jaffna Service Centre was ceremonially inaugurated by the Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal.

Addressing the vast gathering present the Governor of the Central Bank Ajith Nivard Cabraal said that the key to the development of the Northern peninsula was strong lending facilities which the community there needed to develop their livelihoods.

Hailing the far reaching initiatives taken by CDB by becoming a partner in the cause, he reiterated that the development of the overall Sri Lankan economy will be boosted with the development of the northern peninsula.

As part of this expansion drive to the North, new leasing facilities were given to entrepreneurs to support their business operations.

Speaking on the occasion CDB's GM/CEO Mahesh Nanayakkara said, 'Through our presence in the Jaffna region, we are committed to supporting the business community and the public of the region with our innovative financial solutions.

We will also focus on fulfilling the financial needs of the community.

The CDB has evolved as a key player in Sri Lanka's banking and financial services industry and is currently ranked within the top seven institutions registered under the Finance Companies Act, under which the CDB is regulated by the Central Bank of Sri Lanka'.

Caption: Deputy Governor of the CBSL K.G.D.D. Dheerasinghe hands over a three-wheeler lease document to a Jaffna customer. Also in the picture are GM/CEO of the CDB Mahesh Nanayakkara, Director Department of Supervision of Non Bank Financial Institutions of CBSL S.S. Rathnayake and Advisor to the President on Banking Mrs. Rani Jayamaha.