Annual Report 2012 - National Savings Bank

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272CORPORATE INFORMATIONNAME OF THE BANKNational Savings BankLEGAL FORMA Government-owned Bank incorporated in Sri Lankaby the National Savings Bank Act No.30 of 1971 andwas granted the status of the Licensed Specialized Bankin terms of the Banking Act No. 30 of 1988.REGISTERED OFFICE AND HEAD OFFICE‘Savings House’,No. 255, Galle Road,Colombo 03, Sri Lanka.Tel: 94-11-2573008-15Fax: 94-11-2573178E-mail: nsbgen@nsb.lkWebsite: www.nsb.lkSwift Code: NSBALKLXSERVICE OUTLETS219 Branches1185 School Bank Units231 ATMsAGENCY NETWORK641 Post Offices3,412 Sub-Post Offices throughout the island.CREDIT RATINGThe Bank has been assigned AAA (lka) long-term creditrating by the Fitch Rating Lanka (Pvt) Ltd.INTERNATIONAL MEMBERSHIPWorld Savings Bank’s Institute (WSBI)International Union for Housing FinanceSociety for Worldwide Interbank FinancialTelecommunication (SWIFT)Eurogiro Global Payment CommunityBOARD OF DIRECTORSSunil S Sirisena - ChairmanS T Abeygunawardana - Working DirectorD L P R Abeyaratne - DirectorP A Abeysekera - Director (up to 28.02.2013)R M P Ratnayake - Director (from 04.03.2013)Lionel P Fernando - DirectorPriyantha Jayawardena - DirectorSumith Wijesinghe - DirectorGENERAL MANAGER/CEOH M Hennayake BandaraBOARD SECRETARYMs. Y F DeenBOARD AUDIT COMMITTEELionel P Fernando - ChairmanP A Abeysekera (up to 28.02.2013)R M P Ratnayake (from 4.3.2013)Sumith WijesingheHUMAN RESOURCES &REMUNERATION COMMITTEESunil S Sirisena - ChairmanP A Abeysekera (up to 28.02.2013)R M P Rathnayake (from 04.03.2013)Priyantha JayawardaneBOARD NOMINATION COMMITTEEP A Abeysekera - Chairman (up to 28.02.2013)R M P Ratnayake - Chairman (from 04.03.2013)S T AbeygunawardanaSumith WijesingheBOARD INTEGRATED RISK MANAGEMENTCOMMITTEED L P R Abeyaratne - ChairmanLionel P FernandoPriyantha JayawardenaNATIONAL SAVINGS BANK . ANNUAL REPORT 2012
273CORPORATE INFORMATIONCOMPLIANCE OFFICERR M GunathilakaAUDITORSAuditor GeneralSUBSIDIARYNSB Fund Management Co. Ltd.REGISTERED OFFICE AND HEAD OFFICE1st Floor, ‘Savings House’ National Savings Bank,No. 255, Galle Road, Colombo 03, Sri Lanka.Tel: 94-11-2564601, 2467731Fax: 94-11-2564706E-mail: nsbfmc@nsb.lkSwift Code: NSBFLKLXXXXBOARD OF DIRECTORSSunil S Sirisena - ChairmanS T AbeygunawardanaD L P R AbeyaratneLionel P FernandoH M Hennayake BandaraCHIEF EXECUTIVE OFFICERN K DahanayakeAUDITORSKPMGCOMPANY SECRETARYMs. Y F DeenDesigned and produced by emagewisePhotography by Wildlight Private Limited & Dimitri CruszDigital plates and printing by Aitken Spence Printing & Packaging (Pvt) Ltd.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 223 and 224: 221THE 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
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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: 271GLOSSARYReturn on Average Assets
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Annual Report 2012 - National Savings Bank

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