Annual Report 2012 - National Savings Bank

49HOW WE PERFORMED IN 2012OPERATIONAL REVIEWWSBI has 23 member institutions from16 countries in the Asia-Pacic regionwithin its membership and works onthe platform of building relations withnational, regional and internationalinstitutions to exchange experienceswith peers from within and beyond theregion.Future Strategies for BranchDevelopmentIntent on spreading our roots tooptimise our reach, various strategiesare currently being discussed andrudiments being implemented for2013, which will assuredly reect moreintense competition but will also posenumerous opportunities. Some ofthese being worked to be set in motionnext year is an acceleration of savingsmobilisation through earmarkedproducts and campaigns. We intendintroducing a Student Card, channeloptimisation through student banksand launching SME lending throughAyojana Kawa. It is aimed that furtherpenetration into difcult rural areasusing POS transactions, augmenting“Our Bank wasextremely honoured tohost the World SavingsBanks Institute’s 18thAsia-Pacifi c RegionalGroup Conference inColombo marking thesignifi cant milestoneof the Bank’s40th anniversarycelebrations.”main branch services through theopening of supporting Savings Unitsand the most vital restructuringelement within branch operations, theintroduction of the regional system tothe branch network, will also aid NSB’sfuture path.The latter is billed to improveoverall efciency of the branchnetwork, aligned to the earmarkedexpansion, while capitalising onmarket opportunities,which will surelystrengthen our roots. This should giveus the ability to face challenges moreeffectively and efciently in the arisingcompetitive business environment. Thenew structure is aimed at minimisingwaste, optimising resources, imbuingteamwork, making timely businessdecisions that would be prudent and astuteand extending autonomy to regionalmanagers to perform their operationseffectively. This empowerment isemblematic of the characteristics beingpermeated throughout the bank, to giveidentied leaders and team players theknowledge, skills and tools to ensurethat an empowered knowledgeableand innovative team is formulated andnurtured for the long term sustainabilityof the Bank.NATIONAL SAVINGS BANK . ANNUAL REPORT 2012