Annual Report 2012 - National Savings Bank

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156BRANCHING OUT INTO NEW VENTURESSUSTAINABILITY REVIEWVALUE ADDITION AND DISTRIBUTION2012 2011Rs. ‘000 Rs. ‘000Value AdditionIncome from Banking Services 52,673,261 47,095,745Cost of Services (39,142,492) (29,296,099)Value Added by Banking Services 13,530,769 17,799,646Non-Banking Income 347,317 (577,654)(Provisions) / Reversal 130,935 142,63214,009,021 17,364,624Distribution to EmployeesPersonnel Costs 4,077,501 4,139,657To Government :Income Tax 1,837,917 3,192,819Value Added Tax 1,239,069 1,564,481Contribution to the Consolidated Fund 2,823,245 3,212,6715,900,231 7,969,971Retained for Expansion and Growth :Earnings 3,674,396 4,840,496Depreciation 356,893 414,5004,031,289 5,254,99614,009,021 17,364,624NATIONAL SAVINGS BANK . ANNUAL REPORT 2012
157BRANCHING OUT INTO NEW VENTURESSUSTAINABILITY REVIEWClimate Change ImpactsThe Bank is not directly exposed toeconomic impacts arising from climatechange. However, the Bank extendsfunding facilities towards agriculturalloans and pawning advances foragricultural purposes which may beaffected by climate changes.Government AssistanceThe Bank did not receive any nancialassistance from the Government duringthe year.However, the Bank has a loan schemefor Government employees, to purchaseproperty and construct houses, atconcessionary rates. The interest ratedifference between the existing rate andconcessionary rate, is reimbursed byGovernment.Hiring from the Local CommunityAll employees are recruited from citizensof the country and when appointingagents in foreign countries, priority isgiven to Sri Lankans who are residingin those countries.Supporting Locally-BasedSuppliersThe procurement procedure of theBank is governed by the GovernmentProcurement Mannual. The Bankrecognises the local suppliers bysourcing from locally based suppliers asits maximum possibility.INDIRECT ECONOMICIMPACTSNSB, through its activities has anindirect economic impact on variousstakeholder segments, in additionto direct economic impacts. Theseare explained in detail under SocialCommunity Care on page 165.Extent of Indirect EconomicImpactsNSB‘s CSR activities have wide indirectimpacts on society and particularlythe younger generation. One of ourmain aims is uplifting the educationand knowledge of the next generationand many of our CSR projects havebeen conducted with this in mind. Inaddition, the Bank also supports thewelfare of vulnerable groups such as theelderly and war heroes, and religiousevents that have wide social impacts.ENVIRONMENTALPERFORMANCE INDICATORSEnvironmental ResponsibilityNSB’s operations do not have directadverse impacts on the environment.However, as a responsible public entity,we are conscious of the need to preservethe environment and natural resources,for future generations. Therefore,NSB has been actively involved inresource conservation by using lessprinting of paper, reducing wastageof paper, using teleconferencing andtelecommunicating whenever possible,online training and developing moreenergy efcient ofce spaces.Waste paper is collected and handedover to the Paper Corporationfor recycling. Some of our newlyconstructed branches are equippedwith rainwater harvesting facilities.Trees are grown at NSB branchesto conserve greenery and create anNATIONAL 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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51HOW WE PERFORMED IN 2012FUTURE PL
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53CHAPTER 3ROOTED IN OUR HERITAGEGO
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55ROOTED IN OUR HERITAGEGOVERNANCE
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85ROOTED IN OUR HERITAGEBOARD OF DI
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87ROOTED IN OUR HERITAGEBOARD OF DI
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89ROOTED IN OUR HERITAGEGENERAL MAN
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91ROOTED IN OUR HERITAGECORPORATE M
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93ROOTED IN OUR HERITAGEEXECUTIVE M
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95ROOTED IN OUR HERITAGEREPORT OF T
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101ROOTED IN OUR HERITAGEREPORT OF
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103CHAPTER 4ASSESSING AND MANAGING
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Page 139 and 140: 137CHAPTER 5BRANCHING OUT INTO NEW
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Page 185 and 186: 183CHAPTER 6THE RESULTS OF A CHALLE
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207THE 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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