The State Mortgage & Investment Bank being one of the oldest banks of the nation was inaugurated as the Ceylon State Mortgage Bank (CSMB) on 6th December 1931 by Ordinance No. 16 of 1931. State Mortgage & Investment Bank formed by the State Mortgage & Investment Bank Law No. 13 of 1975, amalgamating the Ceylon State Mortgage Bank and the Agricultural and Industrial Credit Corporation, established in 1943. The Bank commenced its operation on 1st January 1979. The Bank was recognized as a Licensed Specialized Bank and the license was issued by the Central Bank of Sri Lanka on 27th April 1998 in terms of the Banking Act No. 30 of 1988.

Since then, deviating from the former lines of business, while paying much attention to the housing needs of the country, the Bank throughout its over eighty years of service, has evolved to become the Housing Bank to the Nation. With the expansion of the Banks activities, the Bank strengthened its resource base by venturing in to various other products. Thus in 1991, the Bank started accepting deposits. In October 2001, Pass-Book Savings product was introduced. The Bank extended its business networks by opening new branches in key locations (at present 24 branches are existence). By spreading its services through branches and facing the challenges and competition of the banking industry the Bank has been able to maintain its position as the “Housing Bank to the Nation”..

SMIB Vision

"To be the nation’s valued partner in development banking with market leadership in consumer finance"

SMIB Mission

SMIB will continue to be the premier housing bank to the nation and a valued partner in development banking;


We are committed to serve all our customers with attractive financial solutions to suit their housing and development financial needs through superior customer service, innovation, quality and state of art technology.

Business Partners:

We will offer best returns for investments with   solid security and flexibility.


We shall provide opportunities for our employees to grow their fullest potentials and to improve their quality of life while creating a healthy and productive work environment with an appreciative team culture.


We are committed to enhance shareholder value through profitable growth while safeguarding stakeholders’ interests.


We are bound to provide external customers with value added services through automation and technological applications to leverage speed, quality and convenience. We provide internal customers with speed and accurate information to enhance the efficiency and effectiveness of the decision making process.


Being a partner in national development we acknowledge to serve in enhancing the life style of our community.

Our Values

  • What we stand for 
  • We act with integrity and show respect
  • We exhibit professionalism and excellence in all what we do
  • We work with dedication and accept accountability for our own actions 
  • We display openness and strive for teamwork 
  • We solicit innovative ideas and proactive solutions 
  • We have hunger for learning and passion for growing with the bank   




  • 269, Galle Road,
    Colombo 03, Sri Lanka
  • Hotline  1922
  • Fax +94 11 257 3346
  • This email address is being protected from spambots. You need JavaScript enabled to view it.


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