SDB bank Records Strong Performance in Challenging Economic Environment and Continues To Sustain and Boost Critical SME Sector
April, 20, 2021
The Year 2020 proved to be one of unprecedented economic change across the globe and in Sri Lanka, presenting significant challenges in all industries, particularly impacting the banking and financial services sector.
Alongside the Government and Central Bank-led economic revival measures mandated industry-wide on account of COVID-19, including credit moratoriums and policy rate reductions, SDB bank maintained a strong focus on digital transformation which helped them overcome the pandemic’s negative impact rapidly. The bank placed equal emphasis on non-performing advances management and streamlining processes to enhance efficiencies.