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State Mortgage & Investment Bank

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Type
State Owned Enterprise
Industry
Banking and Finance

The State Mortgage and Investment Bank is one of the longest standing banks in Sri Lanka, and operates as a licensed specialised bank. The Bank is primarily involved in the housing finance and the SMEs and agriculture segment, but has been trying to expand to the manufacture and production of agricultural and industrial products. Its product portfolio for Consumer banking includes mortgage loans, savings accounts, fixed deposits, pawning and other loan services. Its SME segment involves tailored SME loans and microlending solutions. Headquartered in Colombo, the SMIB was founded in 1931.

ROA
0.1
Governance
62.5
Profits/Losses
LKR 32,041

Governance Indicators

A systematic measure of how well this SOE is managed.

2019

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?

1

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
7,590,650
55,668,196
 32,041 Data Not Available
50,247,998
5,420,197
436,075
0.1
2023
9,324,132
59,066,511
 -1,003,131
53,612,342
53,612,342
5,454,170
-1,164,855
-1.7
2022
7,517,128
56,964,945
 201,798
50,577,568
50,577,568
6,408,836
147,106
0.7
2021
5,425,276
53,323,053
 252,989
47,039,481
47,039,481
6,283,573
621,420
0.5
2020
2,300,084
52,801,921
 355,834
46,782,412
46,782,412
6,019,509
790,277
0.7
2019
5,981,510
42,597,268
 419,074 Data Not Available
41,652,768
5,658,669
815,906
0.9

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises