Etching a defining moment in its journey of excellence, Citizens Development Business Finance PLC (CDB) was crowned with the Silver Award for Overall Excellence at the recently held National Business Excellence Awards 2026. Being presented this landmark recognition underscores CDB’s stature as one of Sri Lanka’s most trusted and consistently high-performing business entity.
Adding to this historic win, CDB was also adjudged Winner in the Non-Banking Financial Services Sector for a record nine consecutive years and First Runner-Up in the Extra-Large Sector category. Together, these accolades exemplify CDB’s dynamic leadership in business excellence and its overarching commitment to innovation, sustainability and governance.
“We feel immensely elated with this achievement,” says Deputy CEO Damith Thennakoon. “It is an absolutely momentous milestone in CDB’s journey because for nine consecutive years we led our sector and now this recognition affirms our strength across every dimension of business excellence, from leadership and governance, performance to sustainability.” He added that the award is a testament to the resilience of the team, the trust of our stakeholders, “and our determination to drive digital transformation and a green economy for Sri Lanka.”
Evaluated by an eminent panel of judges, the NBEA recognises excellence across seven criteria: Leadership, Corporate Governance & Strategy, Capacity Building, Performance Management, Local and Global Market Reach, Environmental Social Governance, and Business & Financial Results.
Through consecutive years, CDB has showcased consistent performance across each of these criteria, trailblazing as it has to wear the winning crown with clarity and confidence, even amidst challenging times.
Citizens Development Business Finance PLC (CDB) stands among the top four largest Non-Banking Financial Institutions (NBFIs) in Sri Lanka. CDB is recognized for its innovation in financial services, steadfast commitment to sustainability, and adherence to exemplary corporate governance. With a focus on digital transformation, CDB continues to redefine the financial services landscape by offering cutting-edge solutions that align with sustainable development goals.
