SDB bank | Financial Overview | SDB bank Sri Lanka

Financial Overview

As your leading partner in national development, SDB bank believes in creating long-term value and augmenting returns to our shareholders, with a clear vision to deliver unparalleled financial services that contribute to empowering customers and improving our national economy.

Our strategic position as the fastest growing MSME bank in Sri Lanka affords us the license to capitalize on our strength as a reliable enabler for grassroots development, the most promising stakeholder segment in our nation’s economic growth and progress.

Statement of Financial Position

	2023 (LKR '000)	2022 (LKR '000)	Change in LKR (LKR '000)	% Change
Financial Assets	53,618,763	43,066,617	10,552,146	25%
Loans and Advances	98,868,896	110,525,450	(11,656,555)	-11%
Other Assets	4,469,741	5,928,965	(1,459,224)	-25%
Total Assets	156,957,400	159,521,032	(2,563,632)	-2%

Customer Deposits	108,118,122	107,533,002	585,120	1%
Total Borrowings	31,053,880	35,760,138	(4,706,258)	-13%
Other Liabilities	3,519,542	2,568,677	950,865	37%
Equity	14,265,856	13,659,215	606,641	4%
Total Liabilities and Income	156,957,400	159,521,032	(2,563,632)	-2%

Profitability Movement (LKR '000)

	2023	2022	2021	2020	2019
Profit Before Tax	771,926	96,957	1,329,808	1,412,930	585,827
Profit for the year	466,822	61,166	883,278	836,287	253,405

Operating Income ( LKR '000)

	2023	2022	2021	2020	2019
Net Interest Income	8,501,896	6,839,054	6,773,649	6,127,426	5,696,795
Net Fee and Commission Income	317,762	477,944	390,347	376,285	231,150
Total operating income	9,353,853	7,745,435	7,435,849	6,832,877	6,135,068
Net operating income	7,533,957	5,846,959	6,792,141	6,415,838	6,415,838

Net Interest Margin

	2023	2022	2021	2020	2019
Net Interest Margin	5.37%	4.45%	5.47%	5.89%	5.89%

Operating Expenses (LKR '000)

	2023	2022	2021	2020	2019
Personnel Expenses	3,304,439	2,940,243	2,542,695	2,576,773	2,116,348
Depreciation & Amortisation	532,735	488,515	528,447	454,569	431,193
Other Expenses	2,216,704	1,936,942	1,848,265	1,400,539	1,420,073

Total Assets ( LKR '000)

	2023	2022	2021	2020	2019
Total Assets	156,957,400	159,521,032	147,818,916	129,059,724	107,783,624

Loans and Advances ( LKR '000)

	2023	2022	2021	2020	2019
Loans and Advances	98,868,896	110,525,450	111,891,256	102,662,269	85,823,335

Total Deposits ( LKR '000)

	2023	2022	2021	2020	2019
Total Deposits	108,118,122	107,533,002	93,902,939	93,271,727	72,431,923

Financial Overview | SDB bank Sri Lanka | Financial Statements