RDB opens its branch in Jaffna
- Details
- Created on Monday, 25 June 2012 15:55
- Hits: 2337
The Regional Development Bank opened its first Bank in the Northern Province. The Jaffna Branch of the Bank was declared opened this morning at the Stanley Road in Jaffna. The Bank has made arrangements to establish 25 branches in the Northern Province.
The Regional Development Bank was established as a statutory body under the Pradheshiya Sanwardana Bank Act No.41 of 2008. The 100% Government 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
The Bank was formed by amalgamating 6 regional banks to encourage and help in banking activities by the rural farmers and industrialists and to empower and uplift the lives of people in the rural areas.
It has a a strong asset base of Rs. 42 billion and presently it has an island wide network of 258 branches.
The Bank was formed by amalgamating 6 regional banks to encourage and help in banking activities by the rural farmers and industrialists and to empower and uplift the lives of people in the rural areas.
The officials of the Bank said the bank is keen on empowering its’ customers in the micro, small and medium scale industries, women as well as the agriculture, livestock and fisheries industries who would in turn contribute towards the country’s economic development. Bank has also taken steps to inculcate the savings habit amongst the rural people providing higher returns on savings and fixed deposits, and encouraging school children and minors to indulge in savings (niz)
