CDB win top award in Non-Banking Financial Services Sector at NBEA

Former Speaker of Parliament and MP and Past President of the National Chamber of Commerce of Sri Lanka, Karu Jayasuriya presents Team CDB the award as Joint Winner for Excellence in Corporate Governance.

Reiterating leadership in the ‘Non-Banking Financial Services Sector’, Citizens Development Business Finance PLC (CDB) was crowned winner for the sixth consecutive year at the National Business Excellence Awards (NBEA) 2023 at a ceremony held at Shangri-la Colombo recently.

Winning the category of Excellence in Corporate Governance, CDB continues to showcase trailblazing leadership traits in the NBFI sector, that have formed the solid foundation for its consistent performance throughout its 28 year journey.The NBEA now in its 18th year, organised by the National Chamber of Commerce of Sri Lanka. It is a benchmark of business excellence, recognising business enterprises that have demonstrated excellence in business and contribution to the economic progress of the country.

CDB’s wins as a leader in the NBFI sector and for demonstrating excellence in corporate governance stems from recognition of its business excellence, sustainable business model and best practices instituted during an unprecedently challenging period in the period under review.

CDB Director/Deputy CEO/CFO Damith Tennakoon stated; “This is the foundation for the business excellence that we champion” he says. “This culture has been the primary tool for the resilience displayed by CDB during the last three years, which enables us to forge a sustainable future. Into this equation of sound and effective governance, we drive in the formula of financial inclusion and advancing the green economy to empower the aspirations of our customers, community and the country.”

Appreciating the integral role played by Team CDB, customers, valued business partners and the wider stakeholder community in ensuring CDB continues its journey of excellence, Tennakoon stated; “CDB’s journey in the financial services industry has been augmented due to the loyalty, commitment and confidence our stakeholders have had in us. It is these fundamentals that keep CDB’s leadership in the sector a consistent and sustainable attribute.”