Sabah Development Bank Berhad

An EMIS Company Report EMIS is a Euromoney Institutional Investor plc company USD 29.95 Industry: Banking and Credit Intermediation Available in: English Format: PDF Download Most recent financial data: 2016 Buy full report

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Contact Information

SDB Tower, Wisma Tun Fuad Stephens, Km 2.4, Jalan Tuaran, PO Box 12172, 88824 Kota Kinabalu, Sabah, Malaysia
Kota Kinabalu; Sabah; Map
Postal Code: 88824

Tel: (6088) 23
Fax: (6088) 26

Company Description
Bank Pembangunan Sabah Berhad was incorporated in 1977 by the State Government of Sabah, as a public limited company under the Companies Act, 1965. The following year, the bank changed its name to the present Sabah Development Bank Berhad (SDB). In 1996, SDB was privatized when it was acquired by a Sabah-based investment holding company, Suria Capital Holdings Berhad. However in 1999, SDB was reacquired by the State Government of Sabah to enable SDB to be revived as an active financial intermediary of the State Government.
SDB functions as a healthy development financial institution and operates as a 'Scheduled Institution'designated under the Bank Negara's Banking and Financial Institution Act (BAFIA), 1989.
In order to track the major developments within the Islamic Finance Market, the bank starts providing Islamic Banking services among its banking services.
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