Citizens Development Business Finance Plc
28.10
LKR
-0.20
(-0.71%)
ISIN
LK0368X00006
Return %
Stock
S&P 500
1Y
-9.72
14.20
3Y
249.07
81.12
5Y
212.22
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Weligama Palliyaguru Claud Mahesh Nanayakkara
- Full Time Employees
- 2,308
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Colombo Sri Lanka
- IPO Date
- Sep 30, 2010
- Website
- cdb.lk
- Similar Companies
- Business
- Citizens Development Business Finance Plc is a Sri Lanka-based non-bank financial institution that provides a comprehensive range of financial products and services to retail, micro, small and medium enterprise (SME), and corporate clients. The company operates through an islandwide network of branches across Sri Lanka. Its core offerings include lending and asset financing solutions, such as vehicle leasing and hire purchase facilities for commercial vehicles, passenger cars, two-wheelers, three-wheelers, and electric vehicles; mortgage loans, housing finance, and personal loans; SME business loans, working capital financing, and microfinance credit; and gold loans and pawn-brokering services; deposit and savings solutions, such as multi-tenor fixed deposits, high-yield savings accounts, senior citizen accounts, minor savings schemes, and foreign currency deposits; digital financial services, such as the CDB iPay mobile payment application, online fund transfers, digital wallet transactions, and digital loan origination; remittance and foreign exchange services, including inward international remittances and foreign currency exchange; and bancassurance solutions and financial advisory services. In recent developments, the company has expanded its sustainable financing initiatives by launching dedicated green lending facilities for electric mobility and rooftop solar energy projects through strategic partnerships with renewable energy vendors and automotive distributors. The company has also upgraded its digital architecture with enhanced security and automated credit assessment capabilities on its CDB iPay platform, while strengthening its capital adequacy framework through the issuance of tier II subordinated debentures on the Colombo Stock Exchange. Citizens Development Business Finance Plc was founded in 1995 and is headquartered in Colombo, Sri Lanka.