Annual Report 2012 - National Savings Bank

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258OUR PRODUCTS AND SERVICES10. Gaurawa Fixed DepositSenior citizens over 55 years of age canopen Gaurawa Fixed Deposit Accountsthat pay a monthly interest, whichwill always be 1.5% more than that ofnormal monthly Fixed Deposits.13. Ridee Rekha Premium SavingsCertificateSavings Certificates which can bepurchased at the values of Rs. 50/-,Rs. 100/-, Rs. 250/-, Rs. 500/-, Rs.1,000/- and Rs. 5,000. As long asthe ‘Ridee Rekha’ Premium SavingsCertificate is not encashed it is entitledfor quarterly draws to win a prize.income earners aged between 18 yearsand 55 years. After opening IthurumNivasa Housing Loan Savings Accountand depositing a monthly sum a loancan be obtained based on deposit valueand repayment capacity.16. NSB Auto LoansAuto Loans are granted up to 75% ofthe purchasing price of unregisteredvehicles and up to 60% of thepurchasing price of registered vehiclesfor personal use.11. Prarthana Children’s SavingsCertificateA long-term deposit scheme for kidswith attractive interest rates paid inupfront. The ‘Prarthana’ SavingsCertificate matures when the accountholder reaches 16 years of age.CREDIT SERVICES14. Mihindu Sevana Housing LoansA loan scheme that provides facilities toconstruct, renovate, purchase or repairhouses, purchase bare land or redeeman existing housing loan obtained froma reputed financial organization.17. Speed LoansLoans up to 90% of your deposits inthe Bank could be obtained against thesecurity of such deposits.SAVINGS CERTIFICATES12. NSB National SavingsCertificateNational Savings Certificate pays ahigh interest upfront and is availablefor periods from 3 months to 4 years.Anyone over 7 years can purchaseNSB National Savings Certificates invalues of Rs. 500/=, Rs. 1,000/=,Rs. 5,000/=, Rs. 10,000/= and Rs.25,000/=.15. Ithurum Nivasa Housing LoansIthurum Nivasa Housing Loan is forthe self-employed and for seasonal18. Personal LoansA loan for personal needs can beobtained against the security of theprimary mortgage of immovableproperty, surrender value of LifePolicies, Government Securities andalso on Personal Guarantors.NATIONAL SAVINGS BANK . ANNUAL REPORT 2012
259OUR PRODUCTS AND SERVICES19. Ran Sahana Pawning ServiceAn instant loans for short-term creditneeds at comparatively low ratesof interest, against the security ofjewellery.20. Project LoansLoans are granted for infrastructureand other development projects for thepurposes of Direct lending to FinancialInstitutions, Loan Syndication andProject Lending. Prospective clientscan meet our Senior Management todiscuss the facilities expected.E-CARD FACILITIES21. NSB Easy CardNSB Easy is a Master / Visa CardCredit Facility which will be issuedagainst your fixed deposit at a lowannual interest rate of only 2.5 %above the FD rate.22. Shopping CardAnytime anywhere money: NSBenables to make use of the ATMfacility 24 hours a day, 7 days a weekwith Master / Visa Card facility. Youcan withdraw up to Rs. 40,000/= froma Shopping Card and Rs. 80,000/=from a Platinum Card or purchasegoods from any merchant with Master/ Visa Card International Network upto Rs. 100,000/= within 24 hours.FOREIGN CURRENCYPRODUCTS23. NSB Ranmasu Non-ResidentForeign Currency Account(NRFC)Sri Lankan nationals employed abroadand those who hold foreign passportsare eligible to open NRFC accountswith NSB in the form of Savings orFixed Deposits for periods of 1, 3, 6 or12 months in US Dollars (USD), Euros(EUR), Sterling Pounds (GBP) andAustralian Dollars (AUD).24. NSB Ranmasu Resident ForeignCurrency Account (RFC)Sri Lankan nationals residing inSri Lanka who are in possessionof foreign currency or who receiveremittances in foreign currency areeligible to open RFC Accounts in theform of Savings and Fixed Deposits forperiods of 1, 3, 6 and 12 months in USDollars (USD), Euros (EUR), SterlingPounds (GBP) and Australian Dollars(AUD).25. Special Foreign InvestmentDeposit Account (SFIDA)Special Foreign Investment DepositAccount could be opened as Savingsand Fixed Deposit Account in thecurrencies of USD, EUR, GBP andAUD or Sri Lanka Rupees by citizensof foreign states, Sri Lankan citizensresident abroad, corporate bodiesincorporated outside Sri Lanka andForeign Institutional Investors suchas Country funds, Mutual funds andRegional funds. Minimum InitialDeposit is USD 10,000 or equal.26. Loans against NRFC/RFC/SFIDA DepositsNRFC/RFC/SFIDA Accountholders are entitled to Rupee Loansup to 80% of the Rupee Value of theNRFC/RFC Fixed Deposits & SFIDAagainst the security of the deposit atconcessionary rates.27. Treasury Bill / Treasury BondInvestment External RupeeAccount (Formerly TIERA-D)Non-resident Sri Lankans andSri Lankan citizens with DualCitizenship can invest in GovernmentguaranteedTreasury Bills and Bondsand contribute to the economicdevelopment of the country.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 209 and 210: 207THE RESULTS OF A CHALLENGING YEA
Page 253 and 254: 251CHAPTER 7ANNEXURESNATIONAL SAVIN
Page 255 and 256: 253STATEMENT OF FINANCIAL POSITION
Page 257 and 258: 255TEN YEARS AT A GLANCE(Rs Mn)Year
Page 259: 257OUR PRODUCTS AND SERVICESSAVINGS
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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