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Wednesday, 10 December 2025 03:53 - - {{hitsCtrl.values.hits}}
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| Chairman Lasantha Fernando | General Manager/CEO Asanga Tennakoon |
The Regional Development Bank (RDB) has recorded its best-ever third quarter results with a Profit Before Tax (PBT) of Rs. 3.5 billion for the nine months ending 30 September 2025, a substantial increase compared to the Rs. 663 million recorded during the corresponding period last year. Profit After Tax (PAT) surpassed Rs. 1.6 billion, reflecting strong operational resilience and strategic execution.
RDB Chairman Lasantha Fernando attributed the bank’s remarkable results to strategic initiatives implemented at the beginning of the year and a well-structured corporate budget. “We have maintained interest margins, at acceptable levels effectively countering pressures from a moderately elevated NPL ratio. These results demonstrate the trust placed in us by our extensive and loyal customer base, as well as the strength of our business model, which supports communities both large and small across the country,” he said.
RDB General Manager/CEO Asanga Tennakoon, highlighted the bank’s robust lending and deposit growth. “Our lending portfolio expanded to Rs. 281 billion by end-September 2025, compared with Rs. 244 billion at the close of 2024. Concurrently, deposits increased by Rs. 10 billion during the third quarter, underscoring the confidence customers continue to place in RDB after four decades of service to rural and urban communities alike.”
In a statement RDB said the bank’s total asset base increased to Rs. 354 billion as of 30 September 2025, up from Rs. 324 billion at year-end 2024. RDB maintained a strong capital position with Tier 1 and total capital ratios of 8.59% and 13.61% respectively, remaining within the regulatory requirements. Liquidity indicators also remained robust, with a Liquidity Coverage Ratio (LCR) of 344% and a Net Stable Funding Ratio (NSFR) of 133% as of the reporting date.
Building on its strong momentum, RDB said it remains dedicated to its founding mission of uplifting entrepreneurs at grass root level, supporting SMEs, and enhancing livelihoods in agriculture, fisheries, and micro-enterprise sectors. With an extensive network of 272 service points and a customer base exceeding 7 million, RDB continues to play a pivotal role in promoting inclusive economic growth and expanding financial accessibility across Sri Lanka.
