About Colombo District Co-Operative Rural Bank Union LTD

Colombo District Co-Operative Rural bank, incorporated in 1994, is a financial services group providing a range of banking and financial services, primarily in the Sri Lanka, to personal and corporate customers. The Company operates in three segments: Commercial, Retail and Wholesale. Its main business activities are commercial, retail and wholesale banking is also licensed to do business. The bank exists to provide superior financial services primarily to the co-operative movement and other selected customer segments through an established country-wide network within Sri Lanka in a socially responsible profitable manner.


The Bank has achieved distinguished success in co-operative banking sector particularly during the last few years because of its distinct objectives, strategic plan of action, it's continuous monitoring and sharing of success with the concerned personnel. Good Corporate Governance and a committed management with the Board of Directors with keen interest in the wellbeing of the Bank have been instrumental in The Co-operative Rural Bank reaching greater heights.


Our Union is composed of 11 multi-purpose cooperative societies functioning in the district of Colombo. We act as a financial facilitator for primary cooperative societies working in line with the principles of cooperatives. In addition the Colombo District Rural Bank Union is engaged in its own business activities with the view to generate additional income for the union as well as for the primary Societies. The Union’s activities are governed by its Constitution and monitored by the Department of Cooperatives Development (Western Province).


We’ve worked towards greater banking standards and customer satisfaction for over 50 years. It is this unwavering focus that inspires banking solutions that are convenient, value-added and customer-friendly. A full range of deposit schemes, loans and services combined with personalized service and computerized efficiency. Featured herein are the entire range of products and services with key details to help you choose the solution that’s right for the customers.

Our Vision

“Strong and Sustainable Credit Union in Sri Lanka”

It is our conviction to ensure our member cooperatives to be incessantly providing affordable financial services to members. To carry out its function, our members should meet their financial viability, operational efficiency, member-customer and employee satisfaction and competitive position, knowledgeable and involved board of directors and quality products and services.

Our Mission

Transforming cooperatives into safe and sound financial institutions as well as effective consumer societies which are highly dynamic, democratic, member-owned and socially responsible with a primary purpose of providing high-quality and fairly priced financial services that meet or exceed members’ expectations.

Co-Operative Identity

A cooperative (also known as co-operative, co-op, or coop) is “an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise”


Cooperatives traditionally combine social benefit interests with capitalistic propty-right interests. Cooperatives achieve a mix of social and capital purposes by democratically governing distribution questions by and between equal by not controlling members. Democratic oversight of decisions to equitably distribute assets and other benefits means capital ownership is arranged in a way for social benefit inside the organization. External societal benefit is also encouraged by incorporating the operating-principle of cooperation between co-operatives.



Cooperatives are voluntary organizations, open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political, or religious discrimination.


Cooperatives are democratic organizations controlled by their members, who actively participate in setting their policies and making decisions. Men and women serving as elected representatives are accountable to the membership. In primary cooperatives, members have equal voting rights (one member, one vote), and co-operatives at other levels are also organized in a democratic manner.


Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital is usually the common property of the cooperative. Members usually receive limited compensation, if any, on capital subscribed as a condition of membership. Members allocate surpluses for any or all of the following purposes: developing their cooperative, possibly by setting up reserves, part of which at least would be indivisible; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership.


Cooperatives are autonomous, self-help organizations controlled by their members. If they enter into agreements with other organizations, including governments, or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their cooperative autonomy.


Co-operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their co-operatives. They inform the general public—particularly young people and opinion leaders—about the nature and benefits of cooperation.


Cooperatives serve their members most effectively and strengthen the cooperative movement by working together through local, national, regional, and international structures.


Cooperatives work for the sustainable development of their communities through policies approved by their members.