Annual Report 2012 - National Savings Bank

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256ANALYSIS OF DEPOSITS2008 2009 2010 2011 2012Rs Mn Rs Mn Rs Mn Rs Mn Rs MnLocal Currency DepositsSavings 71,667 79,280 94,118 105,108 106,177Time 185,755 230,147 266,007 311,569 345,794257,422 309,427 360,125 416,677 451,971Growth % (99.9%) 20.2% 13.5% 15.7% 8.5%Foreign Currency DepositsSavings 826 1,255 1,517 1,750 1,963Time 1,314 2,325 2,788 3,422 3,7172,140 3,580 4,305 5,172 5,679Growth % (99.8%) 67.3% 20.3% 20.1% 9.8%Total Deposits 259,562 313,007 364,430 421,849 457,650Growth % (99.9%) 20.6% 13.5% 15.8% 8.5%* Note: Highlighted information is based on LKAS/SLFRSNATIONAL SAVINGS BANK . ANNUAL REPORT 2012
257OUR PRODUCTS AND SERVICESSAVINGS ACCOUNTSindividually or jointly. Accompaniedprizes are available for this accounts.01. Ordinary Savings AccountAny person over 7 years of age canopen these accounts with an initialminimum deposit of Rs. 100/-.Ordinary savings accounts can beopened on behalf of individuals/special funds/social organisations/bank guarantees/legal compensations,and as joint accounts. Using PostOffice passbook savings accountsdepositors can deposit or withdrawmoney through any Post Office or Sub-Post Office situated island-wide andNSB branch network.03. Ithuru Mithuru Savings AccountThe account caters to the needs of anyyoung person between 16 and 30 yearsof age and can continue the accountuntil the age of 35. Interest rate onthis product is 0.5% higher thanthe interest rate on ordinary savingsaccounts.07. Gift TokensThis is a way available to givegifts which are available in variousdenominations and easy to purchaseand encash whenever needed.LONG TERM DEPOSITSCHEMES02. Hapan Children’s SavingsAccountThe ‘Hapan’ account is meant for kidsbetween 7 years and 16 years of age.The minors can open and operate‘Hapan’ accounts by themselves,whereas ‘Punchi Hapan’ accounts arefor infants below 7 years of age andcan be maintained by the parents/guardians.04. Sthree Savings AccountThis is a scheme exclusivelydesigned for ladies over 16 years ofage. Reduced rates of interests areapplicable on personal loans andpawning advances to the accountholders.05. NSB Pension + AccountA contributory retirement benefitscheme with a higher rate of returnalong with a free life Insurance coverup to Rs. 1 Million and a medicalcover up to Rs. 1 Million.06. Smile Savings AccountSri Lankan citizen above the age of16 years and can operate the account08. NSB Fixed DepositIndividuals can open a fixed depositat NSB whom are over 16 years ofage/minors below 16 years of age incare of their parents/guardians or asjointaccounts/special funds/on behalfof social organizations can open a fixeddeposits at NSB.09. Triple A Fixed - Fixed DepositTriple A Fixed Deposits are 3 year or5 year long-term deposits with highinterest. Loans against the deposits orcredits through NSB Easy Card areaccompanied facilities.NATIONAL 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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137CHAPTER 5BRANCHING OUT INTO NEW
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139BRANCHING 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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Page 207 and 208: 205THE RESULTS OF A CHALLENGING YEA
Page 253 and 254: 251CHAPTER 7ANNEXURESNATIONAL SAVIN
Page 255 and 256: 253STATEMENT OF FINANCIAL POSITION
Page 257: 255TEN YEARS AT A GLANCE(Rs Mn)Year
Page 261 and 262: 259OUR PRODUCTS AND SERVICES19. Ran
Page 263 and 264: 261OUR PRODUCTS AND SERVICESOUR EXT
Page 265 and 266: 263BRANCH NETWORKCentral Province1.
Page 267 and 268: 265CORRESPONDENT BANKSCiti Bank NA,
Page 269 and 270: 267EXCHANGE COMPANIESHabib Qatar In
Page 271 and 272: 269GLOSSARYCredit RatingsAn evaluat
Page 273 and 274: 271GLOSSARYReturn on Average Assets
Page 275: 273CORPORATE INFORMATIONCOMPLIANCE
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Annual Report 2012 - National Savings Bank

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