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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
1
Governance
62.5
Profits/Losses
LKR 355,834

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
2020
6,076,716
52,801,921
 355,834 Data Not Available
46,782,412
6,019,509
790,277
0.7
2019
5,981,510
 Data Not Available 419,074 Data Not Available
41,652,768
5,658,669
815,906
Data Not Available
2018
5,524,857
42,597,268
 244,472 Data Not Available
37,410,284
5,186,984
731,718
1.13
2017
4,745,059
42,022,422
 178,524 Data Not Available
37,065,992
4,956,430
565,961
Data Not Available
2016
1,946,541
35,347,159
 436,018 Data Not Available
30,428,963
4,918,195
926,523
Data Not Available
2015
3,879,028
34,231,576
 409,774 Data Not Available
29,968,452
4,263,123
842,797
1.3

Download our datasets

Access Advocata Institute's Datasets on State Owned Enterprises