The State Mortgage and Investment Bank (SMIB) is one of the most established
financial institutions in Sri Lanka.
The State Mortgage and Investment Bank (SMIB) is one of the most established financial institutions in Sri Lanka. Operating as a licensed specialized bank, it caters to the diverse needs of Sri Lankan citizens, ranging from housing financing to personal and business banking requirements. With a strong legacy of financial expertise and a commitment to meeting the evolving needs of its customers, SMIB has become a trusted partner for many seeking stability and growth for years.
The Ceylon State Mortgage Bank (CSMB) was established on December 6th, 1931, by Ordinance No. 16 of 1931. The Agricultural and Industrial Credit Corporation, founded in 1943, merged with the CSMB under the State Mortgage & Investment Bank Law No. 13 of 1975, which led to the creation of SMIB. SMIB commenced its operations on January 1st, 1979.
In 1998, under the Banking Act No. 30 of 1988, SMIB was granted a license as a Specialized Bank by the Central Bank of Sri Lanka. Over the years, we have evolved as a housing financier and banking services provider, and today, backed by the state and a solid foundation, we stand as the leading housing bank in the nation.
To be the nation’s valued partner in development banking with market leadership in consumer finance.
SMIB will continue to be the premier housing bank in the nation and a valued partner in development banking.
At SMIB, we strive to:
Over the years, as the Bank's operations expanded, SMIB has fortified its position by augmenting its product portfolio beyond home mortgage loans to cater to varied consumer banking and development banking demands.
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