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Regional Development Bank

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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
0.4
Governance
70.8
Profits/Losses
LKR 1,275,449

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
See Methodolgy

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
2024
39,552,223
323,831,354
 1,275,449 Data Not Available
305,443,211
18,388,144
6,188,576
0.4
2023
47,586,935
299,717,438
 863,518
281,851,716
281,851,716
17,865,722
3,508,267
0.3
2022
36,202,750
285,395,150
 1,349,395
269,169,023
269,169,023
16,226,127
1,998,116
0.9
2021
24,492,769
245,889,512
 306,303
230,496,189
230,496,189
15,393,322
1,926,782
0.1
2020
24,354,247
221,109,151
 404,036
205,994,834
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

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises