|Asset Classes||Private debt|
|Impact strategy||Financial Inclusion|
|Aligned with SDGs|
Citizens Development Business Finance (CDB) was founded as Licensed Finance Company in 1995. As a subsidiary of one of the largest insurance companies in Sri Lanka its mission is to provide access to finance for the underserved population in Sri Lanka. Through this mission, it aims to create financial empowerment, social inclusivity and environmental consciousness.
To further strengthen its sustainability strategy CDB has set up a division that solely focuses on finding solutions to advance the green economy. It works with clear targets: to be the leader in rooftop solar and sustainable EV financing in Sri Lanka by 2025 and have a leading role in sustainable financing and farming needs, financing forest conservation and sustainable tourism by 2030. Furthermore, for its vehicle leasing activities it aims to provide finance for hybrid/electric vehicles only by 2030.