Annual Report 2012 - National Savings Bank

45HOW WE PERFORMED IN 2012OPERATIONAL REVIEWend of 2012. In collaboration withStandard Chartered Bank and theRoad Development Authority, specialhousing loan arrangements were alsoentered into as well.Expanding the loan compassWe continued to extend funding benetsto a host of diverse segments which wefeel have potential and which will alsopermeate a wider growth paradigmoverall. Personal loans for exampleis built on the formula of improvingsavings deposits, while assisting ourcustomers to develop themselves.“We continuedextending loans tothe public sector atconcessionary rates. Wedisbursed Rs.4,492.91Million of loans.”Under the Auto Loans we extended thefacility to senior media personnel andartistes under a government initiatedprogramme, granting loans this year toa total of Rs.85.5 Million.the fact that we now have an easy creditpolicy as an added incentive, growthwas good. At the beginning of the year,our pawning advances were grantedat a relatively competitive interest ratebut due to external market conditionsthe rates were forced on an incline.However, despite these factors, weincreased our portfolio signicantly andearned a considerable interest income.UpskillingTo remain rooted to our core objectives,our team has to retain and develop onthe core vision and mindset. ThereforeRs.MnRetail Lending PortfolioEnsuring the sustainability of ourfarmers and the country’s agriculturalsector remains a priority. We have beena rm partner in the Government’sPaddy Purchasing programme,releasing Rs.1,226 Million.Rs.Mn60,00050,000Pawning Portfolio48,133150,000100,00050,000-83,88267,2112010 2011114,2262012Pawning gains groundWe have faced intense competitionin the pawning business due to thegrowing number of players in themarket. However, given our reputationfor a speedy and efcient service and40,00030,00020,00010,000-21,725201032,6002011 2012NATIONAL SAVINGS BANK . ANNUAL REPORT 2012