CDB extends operations to Kotahena
The Ceylinco Development Bank (CDB) recently expanded its islandwide
branch network to 30, with the latest branch at Sri Ramanathan Mawatha,
Kotahena.
The fully fledged Kotahena Branch now joins CDB’s on-line connected
branch network across the country to serve both current and potential
customers of the area with greater convenience and swifter access to the
wide portfolio of services offered by CDB.
Among them are fee and fund based financial services such as leasing,
business loans, project financing, trade financing, bills discounting,
guarantees, management consultancy services, bancassurance, together
with a range of micro financing schemes.
Chairman of CDB R. Renganathan said that the presence of CDB in
Kotahena area would support the business community and the public with
its innovative financial solutions and will focus on meeting the
multitude of financial needs that have tremendous potential.
Elaborating on the structure of regulated financial institutions by
Central Bank of Sri Lanka, Renganathan also commented on the progress
made by the CDB during the past 13 years and its current financial
standing.
As per the company’s un-audited accounts for the Year 2008, total
assets grew by 26 per cent to reach Rs. 6.79bn while revenue reached Rs.
1.63bn reflecting a growth of 55 per cent compared to 2007.
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