Company Information

Get to know Sanasa Development Bank

Established in 1997, SANASA Development Bank PLC (SDB bank) is a unique financial institution rooted in the SANASA cooperative movement of Sri Lanka. Its mission is to be the apex bank of the cooperative sector and a key partner in national development, with a primary focus on SME and retail banking. The bank offers a comprehensive range of services including personal savings and fixed deposits, loans for agriculture and SMEs, leasing, pawning, and digital banking solutions, aiming to foster financial inclusivity and empower communities across the island.

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Sanasa Development Bank

Sri Lanka

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.