Annual Report 2012 - National Savings Bank

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98ROOTED IN OUR HERITAGEREPORT OF THE HUMAN RESOURCES & REMUNERATION COMMITTEEThe Human Resources andRemuneration Committee appointedby and responsible to the Boardof Directors consists of three NonExecutive Directors (includingChairman), two of whom areIndependent Directors.The following Directors have served onthe committee during the year 2012.1. Mr. Sunil S Sirisena- Chairman – NIND/NED (From17/08/2012)2. Mr. P A Abeysekera- Member –IND/NED(Reappointed on 22/08/2012 andretired on 28/02/2013)3. Mr. R M P RatnayakeMember – IND / NED (From04/03/2013)4. Mr. Priyantha Jayawardena -Member – IND / NED (From17/08/2012)5. Mr. P G S Kariyawasam -Chairman - NIND/NED (Up to21/05/2012)6. Mr. S T Abeygunawardana -Member – IND / WD (Up to18/05/2012)NIND: Non Independent Director,IND:Independent Director, NED:NonExecutive Director, WD: WorkingDirectorScopeThe Committee is responsible fordetermining the remuneration policyrelating to the Directors and theKey Management Personnel of theBank other than the remunerationsdetermined by the CollectiveAgreements.The Committee reviews all signicantHuman Resource policies andinitiatives, salary structures andterms and conditions relating tostaff at senior executive level. In thisprocess, necessary information andrecommendations are obtained fromthe GM/CEO and the AdditionalGeneral Manager.Committee MeetingsDuring the nancial year ended 31December 2012, two HRRC meetingswere held. The HRRC attended to thefollowing during the year under review:1. Reviewed proposals forwardedby ve employee unions for theCollective Agreement 2012 – 20142. Reviewed the analysis in respect ofthe Managers and Second Ofcersof the entire branch sector of theBank with a special focus on theage and date of retirement.3. Appointed a sub-committee toformulate a succession plan for thebranch sector of the BankNATIONAL SAVINGS BANK . ANNUAL REPORT 2012
99ROOTED IN OUR HERITAGEREPORT OF THE HUMAN RESOURCES & REMUNERATION COMMITTEE4. Reviewed the matters relating tothe absorption of Sales Ofcers into the permanent cadre5. Granted promotions to the Postof Condential Secretary Class I(Sinhala/English)6. Reviewed and discussed theproposed cadre for the year 2012.Sunil S SirisenaChairman – Board Human Resources& Remuneration CommitteeColombo28 March 2013NATIONAL SAVINGS BANK . ANNUAL REPORT 2012
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ROOTEDANNUAL REPORT 2012
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ROOTEDNATIONAL SAVINGS BANK l ANNUA
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5MISSIONProviding our customers wit
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7ROOTEDFor over 40 years, the Natio
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92000Establishment of subsidiary co
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11HOW WE PERFORMED IN 2012FINANCIAL
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13CHAPTER 1FIRMLY ANCHOREDSTRATEGY
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15A MESSAGE FROM MR SUNIL S. SIRISE
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17A MESSAGE FROM MR SUNIL S. SIRISE
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19A REVIEW BYMR. HENNAYAKE BANDARAG
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21A REVIEW BY MR HENNAYAKE BANDARAG
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23A REVIEW BY MR HENNAYAKE BANDARAG
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25CHAPTER 2HOW WE PERFORMED IN 2012
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33HOW WE PERFORMED IN 2012ECONOMIC
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35HOW WE PERFORMED IN 2012ECONOMIC
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37HOW WE PERFORMED IN 2012ACHIEVEME
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39HOW WE PERFORMED IN 2012OPERATION
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Page 53 and 54: 51HOW WE PERFORMED IN 2012FUTURE PL
Page 55 and 56: 53CHAPTER 3ROOTED IN OUR HERITAGEGO
Page 57 and 58: 55ROOTED IN OUR HERITAGEGOVERNANCE
Page 87 and 88: 85ROOTED IN OUR HERITAGEBOARD OF DI
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Page 91 and 92: 89ROOTED IN OUR HERITAGEGENERAL MAN
Page 93 and 94: 91ROOTED IN OUR HERITAGECORPORATE M
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Page 105 and 106: 103CHAPTER 4ASSESSING AND MANAGING
Page 107 and 108: 105ASSESSING AND MANAGING OUR RISK
Page 139 and 140: 137CHAPTER 5BRANCHING OUT INTO NEW
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149BRANCHING OUT INTO NEW VENTURESS
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173BRANCHING OUT INTO NEW VENTURESG
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183CHAPTER 6THE RESULTS OF A CHALLE
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185THE RESULTS OF A CHALLENGING YEA
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251CHAPTER 7ANNEXURESNATIONAL SAVIN
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253STATEMENT OF FINANCIAL POSITION
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255TEN YEARS AT A GLANCE(Rs Mn)Year
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257OUR PRODUCTS AND SERVICESSAVINGS
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259OUR PRODUCTS AND SERVICES19. Ran
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261OUR PRODUCTS AND SERVICESOUR EXT
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263BRANCH NETWORKCentral Province1.
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265CORRESPONDENT BANKSCiti Bank NA,
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267EXCHANGE COMPANIESHabib Qatar In
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269GLOSSARYCredit RatingsAn evaluat
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271GLOSSARYReturn on Average Assets
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273CORPORATE INFORMATIONCOMPLIANCE
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Annual Report 2012 - National Savings Bank

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