Annual Report 2012 - National Savings Bank

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166BRANCHING OUT INTO NEW VENTURESSUSTAINABILITY REVIEWHowever, it must be noted that whileour products and services are alwaysfocused on ensuring sustainability ofour various stakeholders, we are verymuch aligned to maintaining our CSRplatforms on Developing Education,Women and Health, Uplifting WarHeroes, Assistance to the Elderly andNational Unity. Given below are thenotable initiatives implemented underthese ve platforms for 2012.Developing EducationOptimising Potential : Each year, NSBconducts Hapan Scholarship seminarsfor Grade Five students, throughout thecountry. The free seminars are focusedon Government examinations and arefacilitated by well-known personalitiesto help school children develop theiracademic skills, personality andattitudes. During the year, thirtyseminars were conducted.As has been done continually from2008, we also conducted 52 GradeFive Scholarship seminars under theMathulowa Dinumata Nena GunaWadamu programme, organised andconducted by “Tharunyata Hetak,”held islandwide, including the Northand East, South, Central and Westernregions, in Sinhala and Tamil media.In addition, NSB continued its IthuruMithuru seminar series for Ordinarylevel Examination students this year too.The popular Navayugaya Magazineand NSB held seminars islandwide,utilising the expertise of experiencedresource personnel as a means ofknowledge enhancement.Rewarding High Achievers :Recognising the academic potential ofstudents who are high achievers at theGrade Five scholarship examination,the top ten performers in each districtare rewarded. The ceremony was heldat Temple Trees, while other studentswith merit results were recognised atspecial ceremonies at the NSB branches.A scholarship fund was establishedin memory of the renowned Sinhalascholar, Kumarathunga Munidasa,to recognise the best performer at theG.C.E. Ordinary Level examination’sSinhala language exam. The studentis awarded a laptop and a depositof Rs.100,000.00 in aid of highereducation. The Bank awarded thedeposit for the said purpose.Financial Assistance to FurtherKnowledge : The Ithru MithuruEgenuma loan scheme was introducedto provide nancial assistance tostudents for further education andteachers for educational purposes.Students who have enrolled for higherstudies in a recognised local or foreignuniversity, college, academy or aneducational/professional institutionare eligible for loans under this scheme.Loans are granted for academic or/andprofessional higher studies, researchstudies and any studies for innovativeexperiments either in Sri Lanka oranother country. The Bank contributedRs.100,000 towards the Dehiwala andRatmalana Development Foundationfor its an annual donation of exercisebooks for under privileged children.Promoting the reading habit : Underthe guidance of H.E. the President, theNATIONAL SAVINGS BANK . ANNUAL REPORT 2012
167BRANCHING OUT INTO NEW VENTURESSUSTAINABILITY REVIEWmembers of the President’s staff haveinitiated a voluntary project to promotereading among schoolchildren. As manyschools lack libraries, or the existing onesare ill-equipped, each school was donated250-300 books of educational andliterary value, suitable for children up to14 years of age. The donation enabledschools to either start new librariesor supplement the existing resources.The Bank spent Rs.1,000,000.00 onsupporting this initiative.Women and HealthGiven the long distances that midwivestravel most often in difcult terrain,NSB extended loans to GovernmentMidwives to purchase motorcycles andscooters, under a personal loans scheme.The Bank extended a sponsorship ofRs.100,000.00 towards developmentprogrammes to uplift rural women,organised by the Empowerment ofRural Women Development Fund,aligned to the Mahinda Chinthanavision for future.“Recognising the selfl essservice rendered by SriLanka’s war heroes,NSB established aWar Heroes ParentsProtection PassbookProgramme.”With our Hapan Children’s SavingsAccount as the title of the project, werenovated the children’s ward at theMedirigiya Base Hospital as a CSRinitiative.The visually impaired were alsosupported by NSB as it nancially fundedan awareness newspaper supplement onEye Donation Day organised by the SriLanka Eye Donation Society.Uplifting War HeroesRecognising the seless servicerendered by Sri Lanka’s war heroes,NSB established a War Heroes ParentsProtection Passbook Programme,while also contributing Rs.1 Millionto a fellowship event organised by theArmy Benevolent Fund, in aid of theRanawiru Abhimansala. This eventraised funds for the care and upkeepof disabled war heroes and to providehousing for them.Assistance to the ElderlyIn collaboration with Helpage SriLanka, an approved charity, NSBsponsored seven mobile medical campsconducted for the elderly persons in SriLanka, residing mainly in rural areas.The seven camps held in Batticaloa,Mahiyanganaya, Monaragala,Badulla, Kantale, Trincomalee andKahatagasdigiliya involved a totalinvestment of nearly Rs.500,000 andextended to identication of cataractsand donation of spectacles.National UnityWe strongly believe that Sri Lanka’sstrong foundations are built uponits multi-cultural multi-ethnic multireligiousidentity and strive to ensurethat these identities are preserved,while making them a tool that couldencourage national unity. NSB donatedNATIONAL 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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105ASSESSING AND MANAGING OUR RISK
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Page 185 and 186: 183CHAPTER 6THE RESULTS OF A CHALLE
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217THE 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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