About Us - Regional Development Bank (2024)

FAQs

What does regional development bank do? ›

The international regional development banks are an international financial insti- tution, which was formed after the collapse of the colonial system to support the economic and social development of the countries liberated from colonial depend- ence, or the so-called developing countries.

“To provide financial and affiliated services to enterprises and entrepreneurs whilst promoting inclusive development”

Its head office is located in Kelaniya. RDB bank has a network of 272 service points and 51 automated teller machines (ATMs)/cash deposit machines (CDMs).

The Regional Development Banks strongly support this initiative as Aid For Trade can provide significant opportunities for economic development and poverty reduction. It may also contribute to enhance the participation of developing countries in world trade, thereby strengthening the multilateral trading system.

A regional bank is a depository institution, i.e. a bank, savings and loan, or credit union, which is larger than a community bank, which operates below the state level, but not so large that it would operate either nationally or internationally.

Fitch Affirms Regional Development Bank at 'BBB+(lka)'/Stable. Fitch Ratings-Colombo/Mumbai/Singapore-23 July 2012: Fitch Ratings Lanka has affirmed Regional Development Bank's (RDB) National Long-Term rating at 'BBB+(lka)'.

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.

Bank Profile - Regional Development Bank.

The major categories of financial institutions are central banks, retail and commercial banks, credit unions, savings and loan associations, investment banks and companies, brokerage firms, insurance companies, and mortgage companies.

W.A.D. Sirikumara Gunasinghe started his duties as the 8th chairman of the Regional Development Bank, the leading state development bank of the country, on 23.11. 2023.

How many branches are there in banking? ›

As of June 30, 2023, there were 77,825 FDIC-insured branch offices—9% fewer branches than in 2000, 21.5% fewer than the 99,550-branch peak in 2009, and 9.9% lower than 2019's pre-pandemic total of 86,392.

How many regional and community banks are there in the US? As of December 2022, there are 4,001 community banks with 27,511 branches and 134 regional banks with 13,109 branches across the US. There are 31 banks categorized as large financial institutions, with 30,570 branches nationwide.

Regional banks often don't charge as many (or as high of) fees as national banks, but they still are likely to charge some fees, including account fees, loan fees, overdraft fees, and more. Finally, banks make money from the interest earned on the securities they hold.

Chase, Bank of America, and Wells Fargo are some well-known examples of national banks. Regional bank - A bank that operates in one or more regions of a country but doesn't have a nationwide presence. Regional banks typically have a full range of banking products for consumers and businesses.

Regional banks are bigger than community banks but smaller than national banks, with an asset range of $10 billion to $100 billion. Some local banks are limited to one community, while a regional bank can operate branches across a few states and have history in each community.

While money center banks are vast multinational financial institutions operating across global financial centers, regional banks are smaller in scale and cater to local or regional areas.

What is a regional bank? In contrast, regional banks are smaller financial institutions that serve specific geographic areas, such as a particular state or region. While they may have fewer branches than national banks, regional banks often provide a more personalized banking experience.

The Department of Treasury leads the Administration's engagement in the multilateral development banks (MDBs), which include the World Bank, Inter-American Development Bank, Asian Development Bank, the African Development Bank, and the European Bank for Reconstruction and Development.

You're in charge of other branch or regional managers. You oversee their activities and report directly to the bank CEO. Though the job duties are numerous, they may include ensuring all operations meet client expectations, creating effective policies, overseeing marketing, and developing new banking services.