ANNUAL REPORT
2022/23

People

Advancing financial inclusion by reaching out to the most vulnerable, remote market segments at the base of the pyramid, and advancing community impact through organisational volunteerism and meaningful projects focused on child health and well-being, child education and literacy, on child health and well-being, child education and literacy, and empowering entrepreneurs, youth, and women

Planet

Advancing towards Net Zero by being a resource-efficient organisation and contributing towards decarbonisation and a greener economy through initiatives in sustainable mobility solutions, household renewable energy solutions, and conservation and biodiversity.

Profit

Advancing towards our 2030 transformation goals of a technology company with a financial services license, a customer base of 1 million, and an asset base of quarter trillion rupees - on the strength of our team ethos: extraordinary results through ordinary people.

It’s all about… People, Planet, Profit

As Sri Lanka progresses towards a socio-economic revival, there is a cautious optimism growing across the country. CDB’s technology - infused, sustainability - driven strategy meshes well with the positivity with which Sri Lanka advances. We are up for the challenge to work towards the progress of society and the country, proceeding always with exemplary environmental stewardship.

Chairman’s Message

Our business model has undergone a continuous and sustained transformation. Our crowd sourcing strategy continues to be developed and refined.

Managing Director/Chief Executive Officer’s Review

CDB remains unwaveringly committed to leverage on the synergies we are now seeing, emerging stronger from the crisis, building on our foundation of stability and strength and creating strong pillars within a sustainability and tech-driven business model and strategy which will fuel our exceptional team to optimise on their passion and spirit to make a difference.

Chief Financial Officer's Review

Keeping aside our plans for growth, we quickly shifted gears during the year to focus on adapting to the highly uncertain economic, social, and political conditions, amidst muted credit demand and waning debt repayment capacity of borrowers.

Annual Report of the Board of Directors

The Board of Directors is pleased to present to the shareholders the tenth integrated Annual Report of the Company.

CDB in Action

Our vision for the next decade is to transform into a Quarter Trillion Asset Base (Q-TAB) Company by leveraging two key pillars: Tech Disruption and Sustainability Agenda that encompasses both social and environmental dimensions.

Our Business and Context

Disrupt

Leveraging technology, CDB disrupts traditional time-based financial practices and enables the direct delivery of solutions to customers’ doorsteps, even in remote rural areas.

Impact

As Sri Lanka advances towards a socio-economic revival, CDB, as a pioneer in technology-infused and sustainability-driven strategies, aligns seamlessly with the nation’s positive momentum.

SUSTAIN

The Socially Conscious pillar prioritises financial inclusion for underbanked and unbanked demographics and community impact through an ethos of corporate volunteerism and meaningful community projects.