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Our purpose

EMPOWERING ASPIRATIONS

we exist to enable your Goals & Hopes and ambitions

CDB Purpose

Every individual has different purpose and aspirations they want to achieve and experience. Anything you require at any stage in your life, we are here to empower your aspirations in every way possible. At CDB there is always a solution fortuning your aspirations in to achievements.

Corporate Information

Citizens Development Business Finance PLC (CDB) is a multi-award winning financial institution with a history of over twenty-five years, ranked within the top four largest licensed financial institutions among 34 Non-Banking Financial Institutions (NBFI) in Sri Lanka.

CDB is licensed by the Governing Board of the Central Bank of Sri Lanka under the Finance Business Act no 42 of 2011 and registered under the Finance Leasing Act No. 56 of 2000. A listed public company on the Main Board of the Colombo Stock Exchange, our network spans 71 online-connected outlets across major cities in Sri Lanka while possessing an asset base over Rs. 100 Bn.

CDB was incorporated as a Public Limited Liability Company on 07th September 1995 under the provisions of the Companies Act No. 17 of 1982 and re-registered under the Companies Act No. 07 of 2007 under the Company Registration No. PB 232 PQ. CDB has been granted a BBB+(stable) rating from Fitch Rating.

The main financial services offered by CDB include fixed deposits, savings accounts, leasing, personal loans, home loans, hire purchase financing, pawning, corporate and retail credit, credit card and debit card facilities backed by an island wide ATM network, foreign currency exchange, corporate financial services. The wide range of financial services offered by CDB has propelled it to the forefront of the industry as a total financial services provider to the citizens of Sri Lanka.

1900+

CDB
Employees

Among the

Top 4

Largest NBFIs

24/7

Seamless Connectivity
through CDB self

Our role in society is to be an enabler. It’s a responsibility we are passionate about and our purpose: EMPOWERING ASPIRATIONS, underlines that. It’s something our entire team is committed to and work hard every day to make possible. We firmly believe in financial inclusion, making luxury more accessible and bringing people closer to the things or experiences they seek. This belief is what drives us to create more technology-based products and services that enable people to achieve their aspirations.

Mahesh Nanayakkara

Managing Director & CEO

Our Values

We strive to build a business that sustainably empowers the nation through Perseverance, Empathy, Reliability and constant Innovation.

Perseverence

The passion and perseverance of our team have brought CDB to the forefront of the industry and continues to be our driving force.

Empathy

We care for the well-being of our stakeholders. While empowering their aspirations , with an aim of creating a more equitable society. We have never lost sight of our humble beginnings and continue to act with humility in everything we do.

Reliable

While being a respected, responsible, socially and environmentally conscious, public deposit-taking corporate citizen working in an open and transparent manner in all our dealings, we strive to be the most reliable partner for our stakeholders.

Innovation

We are constantly innovating to stay relevant and valuable to our customers. We highly value and encourage thinking beyond traditional boundaries, embracing change, and exploring creative ways of empowering the aspirations of all our stakeholders

Board of Directors

Mr. Alastair Corera

Chairperson/ Non-Executive Independent Director

Serves as the Executive Director of Orion Fund Management (Pvt) Ltd. Prior to this role, he has held several positions at Fitch Ratings Lanka Ltd., where he led the rating team for Financial Institutions and served as the Country Head from 2004 to 2006. He also worked as the General Manager at Forbes ABN AMRO Securities (Pvt) Ltd. He is a Chartered Financial Analyst, USA, and a Fellow of the Chartered Institute of Management Accountants, UK

Mr. Mahesh Nanayakkara

Managing Director/ Chief Executive Officer

Mahesh Nanayakkara joined CDB in 2001 and possesses over 30 years of experience in the field of financial services. Over the past two decades, he led a vibrant team of young professionals who played a pivotal role in transforming CDB from a company with negative net worth to the thriving entity it is today. He played a significant role in establishing the Autism Trust Fund, a collaborative effort between CDB and the Sri Lanka Association for Child Development (SLACD), with a primary focus on raising awareness, early detection, and intervention for autism in Sri Lanka. He holds a BSc. in Business Administration, as well as a Masters degree (PIM) from the University of Sri Jayawardenepura. He is a Fellow of the Chartered Institute of Management Accountants (UK) and has also completed an Executive Development Programme at the Harvard Business School, Boston.

Snr. Prof. Sampath Amaratunge

Non-Executive Independent Director

Prof. Amaratunge has served as a distinguished academic in Sri Lanka for over three decades. He currently holds the esteemed position of Chairperson at the University Grants Commission (UGC). Additionally, he serves as a Director in various organisations including Laugfs Gas PLC, Laughs Power PLC, Raigam Wayamba Salterns PLC, Southern Salt Company (Pvt) Ltd., and Raigam Wayamba Cereals (Pvt) Ltd. He previously served as the Vice-Chancellor of the University of Sri Jayewardenepura and as the Chairperson of the Federation of University Teachers Association (FUTA).

His contributions to research are notable with over 75 articles published in international and national refereed journals and proceedings. He has received numerous local and international awards, including the prestigious Research Excellence Award in 2002 from the Kyushu Society of Rural Economics, Japan, the highest ordinary conferred order to a foreign national. In 2021, he was honoured with “The Order of the Rising Sun” by His Majesty the Emperor of Japan, recognising his distinguished contributions to fostering friendly relations with Japan.

He holds a BA (Hons.) in Economics from the University of Sri Jayewardenepura, an MA in Economics from the University of Colombo, an MSc in Economics of Rural Development from Saga National University, and a PhD from Kogoshima National University in Japan.

Mr. Damith Tennakoon

Deputy CEO/ Executive Director

Damith Tennakoon possesses over 30 years of experience across a wide range of fields including Finance Treasury, Risk Management, Compliance, Recovery, and Strategic Planning.

He is a Fellow at the Chartered Institute of Management Accountants, UK, and a Chartered Global Management Accountant (CGMA).

Mr. Roshan Abeygoonewardena

Executive Director – Corporate Finance

He possesses a wealth of experience exceeding 30 years in the financial services industry and three years in the manufacturing sector. He has served as the Chairperson of the Finance Houses Association of Sri Lanka (FHASL).

He is a Fellow of the Chartered Institute of Management Accountants, (UK), Fellow Member of the Institute of Certified Management Accountants of Sri Lanka and Fellow of Sri Lanka Institute of Credit Management.

Mr. Sasindra Munasinghe

Executive Director – Sales and Business Development

With over 30 years of experience in the leasing industry Sasindra Munasignhe has played a pivotal role in establishing and developing the leasing operations at CDB, overseeing crucial aspects such as credit evaluations, recoveries, operations, and marketing.

He holds an MBA from the Federation University of Australia.

Mr. Dave De Silva

Executive Director – Business Operations

He holds over 23 years of experience in the financial services sector and carries a wealth of knowledge of the industry. Additionally, he has experience in other sectors including oil and gas, pharmaceuticals and telecommunications.

He holds a BSc degree in Business Administration (Honors) from the University of Sri Jayewardenepura and is also an Associate Member of the Chartered Institute of Management Accountants, UK.

Mr. Jagath Abhayaratne

Non-Executive Director

With a career spanning over 30 years, he possesses extensive experience in the life insurance industry for the past 19 years. Currently he hold the position of General Manager - Operations at Ceylinco Life Insurance PLC.

He holds an MBA from the UK, a Bachelor’s degree in Business Administration from the USA, a Certificate in Insurance from the Chartered Insurance Institute (UK), and a Diploma in Business Administration from the UK.

Ms. Rajitha Perera

Non-Executive Independent Director

Rajitha Perera is a partner at Gomes & Company, Chartered Accountants. Having previously served as a Senior Manager in the Assurance Division at Ernst & Young, Chartered Accountants, as well as the Chief Financial Officer (CFO) of a diversified group of companies, she brings a wealth of expertise to her role. She also held the position of an Independent Non-Executive Director of Unisons Capital Leasing Limited (UCL), a subsidiary of CDB until UCL merged with CDB.

She is a Fellow of the Institute of Chartered Accountants of Sri Lanka and an Associate Member of the Institute of Certified Management Accountants of Sri Lanka.

Mr. Samitha Hemachandra

Non-Executive Director

With a career spanning over 23 years, he brings a wealth of experience in various fields, including Brand Management, Customer Relationship Management, Marketing Management, and Strategic Planning. He currently holds the position of Deputy Chief Operating Officer at Ceylinco Life. He has also served as the Chairperson of the Marketing and Sales Forum of the Insurance Association of Sri Lanka and has been a valued member of the judging panel for the SLIM Brand Excellence awards for several years. Additionally, he serves as a Director for Ceylinco Healthcare Services Ltd., a wholly-owned subsidiary of Ceylinco Life.

He is a Fellow (FCIM) and Chartered Marketer of the Chartered Institute of Marketing, UK, and a Certified Management Accountant (CMA) of Australia. Furthermore, he holds an MBA from the University of Western Sydney in Australia.

Mr. Sujeewa Kumarapperuma

Non-Executive Independent Director

Sujeewa Kumarapperuma has amassed extensive expertise in the actuarial field with a career spanning over 28 years. He is also a founder member of the Actuarial Association of Sri Lanka. Additionally, he holds a life membership in the MBA Alumni Association of the University of Colombo.

He holds a BSc degree in Physical Science with a Second Class Upper from the University of Colombo, along with an MBA from the same institution. Furthermore, he has earned a Postgraduate Diploma in Actuarial Science from the City University, UK.

Snr. Prof. Prasadini Gamage

Non-Executive Independent Director

Prof. Prasadini Gamage is currently affiliated with the Department of Human Resource Management at the University of Kelaniya. With over 25 years of experience as a lecturer, she has made significant contributions to her field. Her extensive research work includes the publication of more than 100 research papers in both local and international journals, as well as authoring several textbooks. She is also an Attorney-at-Law of the Supreme Court of Sri Lanka.

She completed her PhD in HRM at the Management and Science University (MSU) in Malaysia. She holds a first-class honours BSc in Business Administration and an MSc in Management from the University of Sri Jayewardenepura.

Ms. Jayomi Lokuliyana

Non-Executive Independent Director

She is the Founder and CEO of zMessenger - Sri Lanka’s leading marketing technology solutions company providing a broad range of solutions in omni channel engagement and digital advertising technology to serve connected customers. She pioneered the concept of mobile marketing in 2003 and played a pivotal role in shaping the mobile marketing industry in the country.

Jayomi was recognised as Ernst & Young Entrepreneurial Winning Women Asia Pacific 2019, Campaign Asia 2020 Women to Watch and she was honored with the Entrepreneur of the Year at Top 50 Professional and Businesswomen Awards 2018, Women Icon Award Asia in Singapore 2017. In 2015, Jayomi was honored under the large-scale enterprise - Woman Entrepreneur of the Year by Women Chamber of Industry and Commerce Sri Lanka and in 2016 as South Asia’s Best Female Entrepreneur of the Year by South Asian Business Partnership Awards.

She served as the Chairperson for the Women’s Chamber for Digital Sri Lanka, Ministry of Digital Infrastructure and Information Technology, Core Committee member of National Agenda Committee for Digital Economy and Women Advisory Council Member for Skill Development Council.

She is an alumnus of the Singapore Management University, Melbourne Business School and Postgraduate institute of Management, University of Sri Jayawardenepura.

Corporate Management

Damith Tennakoon possesses over 30 years of experience across a wide range of fields including Finance Treasury, Risk Management, Compliance, Recovery, and Strategic Planning.

He is a Fellow at the Chartered Institute of Management Accountants, UK, and a Chartered Global Management Accountant (CGMA).

He holds an MBA from the Federation University of Australia.

He holds a BSc degree in Business Administration (Honors) from the University of Sri Jayewardenepura and is also an Associate Member of the Chartered Institute of Management Accountants, UK.

Hasitha Dassanayake holds a Bachelor of Commerce (Honours) degree from the University of Colombo and an MBA from the Postgraduate Institute of Management (PIM), University of Sri Jayawardenepura. He is an Associate Member of the Chartered Institute of Management Accountants (UK) and a Chartered Global Management Accountant (CGMA).He counts over 18 years of experience at CDB and brings a wealth of knowledge and expertise to the organisation.

Nayanthi Kodagoda holds an Executive MBA from the University of Colombo and she is an Associate Member of the Sri Lanka Institute of Credit Management. She counts over 27 years of experience in the finance business industry and is an expert in the operational aspects of finance, human resources, credit administration and branch operations. Ms Kodagoda has served CDB for 27 years.

Ruwan Chandrajith holds a BSc (Accountancy) (Sp) from the University of Sri Jayawardenepura as well as a MSc in Business and Innovation from the University of Southern Queensland (USQ). He is an Associate Member of The Institute of Chartered Accountants of Sri Lanka. With an extensive background in financial management and auditing, he has accumulated 20 years of professional experience, which includes his association with CDB for more than 14 years.

Senaka Attygalle holds an MBA from the University of Lincoln (UK). He is a Member of the British Computer Society (UK), Member of the Institute of Management Information Systems (UK) and a Member of the Australian Computer Society. With a remarkable career spanning over 37 years, Senaka has amassed extensive experience in the field of information technology, demonstrating his expertise and proficiency in the industry.

Isanka Kotigala holds an MBA from the University of Wales. Prior to joining CDB, he has accumulated valuable experience both locally and internationally. With over 8 years of experience in prominent multinational companies, Isanka has brought valuable expertise to CDB, where he has served for over 18 years.

Ranjith Gunasinghe holds a Master of Financial Economics (MFE) from the University of Colombo, an MBA from the University of Southern Queensland (Australia), and a Postgraduate Diploma in Business and Financial Administration from The Institute of Chartered Accountants of Sri Lanka. He is a Certified Professional Marketer of the Asia Marketing Federation and holds a Postgraduate Diploma in Marketing from Sri Lanka Institute of Marketing (SLIM). With a remarkable career spanning over 25 years in the finance business industry, Ranjith has dedicated over 22 years of his professional career to CDB.

With a remarkable career spanning 33 years, Sudath Fernando has established himself as a seasoned professional in the banking and finance industry. His expertise and knowledge have been honed through his dedicated service of over 15 years at CDB.

Aruni Panagoda holds an MBA from the Cardiff Metropolitan University (UK) and is an Associate Member of the Sri Lanka Institute of Credit Management. With a career spanning over 24 years, she has garnered valuable expertise in the areas of credit operations, insurance operations, and deposit operations while working at CDB.

Herath Dharmadasa holds an MBA from Cardiff Metropolitan University UK and a Bachelor of Arts degree from the University of Peradeniya. With a vast experience spanning over 28 years, he has worked extensively in the fields of sales, marketing, and the financial services industry.

Nadee Silva has been a dedicated member of CDB since 1998 and counts over 26 years of experience in sales and marketing in the financial services industry and over 13 years of experience in business development management and gold loan sales. She was awarded the “Best Female Sales Person of the Year” and the “Territory Manager” Silver award in the Finance Sector category at the SLIM- NASCO 2013 Awards. She emerged as the” National Champion” of the Sales and Marketing category of the Corporate and Professional Sector at the Sri Lanka Vanithabhimana Awards 2021.

Sanjeewa Ranathunga is an Associate Member of the Sri Lanka Institute of Credit Management, the Institute of Certified Professional Managers and the United Kingdom Association of Professionals. He holds a Diploma in Agriculture from Aquinas College of Higher Education. Sanjeewa has been a part of CDB since 1998, accumulating a wealth of experience spanning 25 years in the field of post disbursement follow-up.

Lalith Peiris holds an MBA in Marketing (Special) from Cardiff Metropolitan University, UK. He holds memberships in the Chartered Institute of Marketing (CIM, UK) and the Sri Lanka Institute of Marketing (SLIM). He counts over 18 years experience in sales and marketing and liability sales strategy in the financial service industry. He currently plays a critical role in shaping the overall lending strategies and activities within the context of CDB. In recognition of his exceptional performance, he clinched the Gold award in the Territory Manager category of Financial Services and Products at the NASCO Awards in 2017, organised by the Sri Lanka Institute of Marketing. Lalith has been an integral part of CDB since joining as a sales trainee in 2005, accumulating 18 years of valuable experience within the organisation.

Rizvi Kareem holds an PGD in Information Systems from the Sri Lanka Institute of Information Technology (SLIIT). He is a member of the British Computer Society. He counts over 24 years in the financial services and information technology industries. Rizvi has extensive experience in digital banking and e-commerce platforms, management information systems, software engineering and project management.

Sarath Kumara holds a specialised B.B. Management degree in Accounting from the University of Kelaniya. He possesses extensive expertise in branch operations and brings a wealth of knowledge and experience to his role. Sarath has been a dedicated member of the CDB team since March 2000, demonstrating a strong commitment to the organisation’s success.

Darshana Amerasinghe is an Associate Member of the Institute of Chartered Accountants of Sri Lanka and an Associate Member of the Institute of Certified Management Accountants of Sri Lanka. He counts over 15 years of experience in financial reporting, auditing, tax planning, and compliance. Prior to joining CDB in 2014, he worked with Ernst & Young Sri Lanka, where he had gathered his external audit experience in diversified sectors. Prior to being appointed to the Corporate Management as Deputy General Manager – Compliance, he functioned as Senior Assistant General Manager - Compliance of CDB.

Dassana Chandrananda holds an MBA (UK) and is an Associate Member of the Sri Lanka Institute of Marketing. He has been an integral part of CDB over the past 19 years and further possesses 8 years of experience in the insurance industry. He has received a Gold Award in the supervisor category of financial services and products at the NASCO awards 2013.

He holds a BSc. Degree in Public Administration from the University of Sri Jayewardenapura. He is a Fellow member of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). He has accumulated over 18 years of professional experience in the banking and finance industry.