Regional Development Bank

logo
Type
State Owned Enterprise
Industry
Banking and Finance

The Regional Development Bank is involved in improving the living standards of the rural masses by providing them accessible and affordable credit facilities that in turn would contribute to strengthening the rural economy. Its products and services include savings accounts, investments, leasing, loans and advances, and money transfer services. These services aim to empower their customers in the micro, small and medium-scale industries, women entrepreneurs as well as those in the agriculture, livestock, fisheries and other small industries. Founded in 2010, the RDB is headquartered in Kelaniya, Sri Lanka.

ROA
0.6
Governance
70.8
Profits/Losses
LKR 404,036

Governance Indicators

A systematic measure of how well this SOE is managed.

2020

Year of the most recent Annual Report available online

1

Have Annual Reports for the last five years been tabled in Parliament?

2

Does the Annual Report include the mandatory provisions set out in the PED guidelines?

0

Is the Audit Clean / Qualified / Disclaimer?

0

Is the information pertaining to the RTI officer available on the website?

0

Does the SOE respond to an RTI within the timeframe specified in the Act?

1

Does the SOE have a website?

2

Does the SOE website contain sufficient organtisational details?

1

Does the SOE website contain tender and procurement details?

Annual Report
Auditing Standards
Rights to Information
Accessibility of Information

Interpretation of the indicators

Good
2
Average
1
Bad
0

Financials

Available Financial data for the last few years.

Year Turnover (LKR) Total Assets Profit/Loss Total Debt Total Liabilities Total Equity Operational Profits ROA
2020
24,354,247
221,109,151
404,036 Data Not Available
205,994,834
15,114,317
2,060,859
0.2
2019
27,507,821
176,937,319
498,595 Data Not Available
185,013,608
14,965,322
2,960,258
0.3
2018
26,070,611
176,937,319
1,073,586 Data Not Available
162,227,205
14,710,115
3,606,330
0.6
2017
22,016,079
169,259,202
1,283,930 Data Not Available
159,646,453
9,612,749
3,306,995
0.9
2016
15,744,337
130,913,984
641,288 Data Not Available
124,915,039
5,998,946
2,130,568
0.5
2015
12,510,119
107,376,493
882,459 Data Not Available
101,158,085
6,218,407
1,962,795
0.9

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises