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.
State Mortgage & Investment Bank

Type
State Owned Enterprise
Industry
Banking and Finance
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
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
|