Regional Development Bank

The Bank was established as a statutory body under the Pradheshiya Sanwardana Bank Act No.41 of 2008. The 100% State owned bank was set up with the objective of improving the living standards of the rural masses by providing them accessible and affordable credit facilities that in turn would contribute to strengthen the rural economy. Originally based on the “barefoot banking concept,” the bank strives to provide innovative yet simple financial services to those at the middle and bottom of the income pyramid.