CDB into fund and fee-based products
The Citizens Development Business Finance Ltd. (CDB) has ventured
into fund and fee-based business expanding its product portfolio.
|
Mahesh
Nanayakkara |
Citizens Development Business Finance Ltd. (CDB) CEO Mahesh
Nanayakkara said the finance industry in Sri Lanka has a narrow product
portfolio.
The customers are keen on new products in the financial industry.
Therefore, the company has introduced fund and fee-based products to the
customers.
He said the company now has authorized money dealers providing easy
access to foreign exchange money transactions to consumers. The
country’s showing a significant growth momentum. Giant global footprints
and investors are into large projects. These huge projects has
encouraged the local and foreign investors commendably and lendings have
improved remarkably. He said the company expects to mobilize deposits
from the rural sector as a net lender to the rural community. CDB is
keen on expanding its branch network during this year establishing in
the Northern and Eastern provinces.
The company performed extremely well last year and is hoping to
continue the growth momentum in the future as well, Nanayakkara said.
C de S |
