The Case Study - Seylan Bank

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116Seylan Bank PLC Annual Report 2009These loans start at Rs. 5,000/- and areprogressively increased to Rs. 100,000/- dependingon how the customer performs.Grameen LoansNo. of BeneficiariesLoan Outstanding Rs. Bn.157,883 2.499Other Sector LoansSectorAmount Rs. Mn.Agriculture 212.09Fisheries 39.15Education Development 190.15Health Services 159.45Pharmaceuticals 58.40Graduate LoansThe Bank provides small loans at concessionaryrates of interest to graduates who wish to establishtheir own businesses. Rs. 391.1 Mn. was dispensedunder this scheme during the year under review.Senior CitizensCitizens over the age of 55 receive a number ofbenefits from the Bank.Fixed deposit holders receive premium interestrate on their deposits.Critical insurance cover up to Rs. 50,000/- isprovided.In the case of saving accounts senior citizensare entitled to:CorruptionThe Bank has a policy of zero tolerance oncorruption. It does not encourage ethically unsoundor corrupt practices on the part of our customers orbusiness partners. The Internal Audit Departmentcarries out Audits in branches to ensure compliancein this regard.Regular training programmes on anti-corruptionare conducted among the Bank’s employees. Lastyear, 35 training programmes on anti-corruption wereconducted for the staff.Anti-Competitive BehaviourThe Bank does not engage in anti-competitivebehaviour and does not support other institutionsengaging in such practices. No legal actions havebeen filed against the Bank in this regard.Customer PrivacyThe Bank takes the utmost care to respectcustomer privacy and ensure that customer dataand information is fully protected. Employees inpossession of confidential data are required to takean oath of secrecy.The cost of lenses for cataract surgeries.Reimbursement of the cost of surgery.Birthday gifts.The reimbursement of reading material.The reimbursement of medical bills up to Rs. 5,000/-for those over the age of 70.
FINANCIALREPORTSAnnual Report of the Board on the State of Affairs of the Company 119Directors’ Responsibility for Financial Reporting 134Independent Auditors’ Report 136Income Statement 138Balance Sheet 139Statement of Changes in Equity 140Cash Flow Statement 141Notes to the Consolidated Financial Statements 143FINANCIAL CALENDAR• UNAUDITED QUARTERLY FINANCIAL STATEMENTS1st Quarter 31st March 2009Issued to Colombo Stock Exchange 04th June 2009Published in Newspapers 05th June 20092nd Quarter 30th June 2009Issued to Colombo Stock Exchange 27th July 2009Published in Newspapers 29th July 20093rd Quarter 30th September 2009Issued to Colombo Stock Exchange 26th October 2009Published in Newspapers 27th October 20094th Quarter 31st December 2009Issued to Colombo Stock Exchange 16th February 2010• AUDITED FINANCIAL STATEMENTS AND ANNUAL REPORTYear Ended 31st December 2009Issued to the Colombo Stock Exchange March 2010Circulated to Shareholders and Debenture Holders March 2010• 23RD ANNUAL GENERAL MEETING TO BE HELD ON 26th MARCH 2010• PREFERENCE DIVIDENDPayable for the year ended 31st December 2009Date of Payment 31st March 2010• FIRST AND FINAL ORDINARY DIVIDENDPayable for the year ended 31st December 2009Date of Payment 7th April 2010
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The Case Study > Seylan Bank PLC An
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Copyright © 2009 Seylan Bank PLCSt
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9{ Chapter 1 }Growth and ItsChallen
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Growth and Its Challenges11Rapid, P
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Growth and Its Challenges13“Despi
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Growth and Its Challenges15The comp
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18The Case Study > Seylan Bank PLC
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25{ Chapter 3 }Swift andDecisive Ac
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Swift and Decisive Action27The sign
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29“WE HAVE HONOURED EACHAND EVERY
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35{ Chapter 4 }Reassuringthe Public
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Reassuring the Public37A Multi-Fron
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Reassuring the Public39the word tha
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49{ Chapter 6 }A Sound FutureStrate
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A Sound Future Strategy51StructureL
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The Case Study - Seylan Bank

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