SANASA Development Bank Plc appointed three nonindependent and nonexecutive directors, effective May 30.

The newly appointed directors are Prabhash Subasinghe, Navindra Liyanaarachchi and S. Lionel Thilakarathne, the bank said June 2. The appointments are subject to approval from the central bank of Sri Lanka.

Meanwhile, B.R.A. Bandara and J.A.L.G Jayasinghe retired as nonindependent and nonexecutive directors.