Annual Report 2012 - National Savings Bank

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86ROOTED IN OUR HERITAGEBOARD OF DIRECTORSMr Sunil S SirisenaChairmanMr Sirisena was appointed as theChairman of NSB on 06 August 2012.He is also the Chairman of the NSBFund Management Company.Mr Sirisena has previously servedas the Additional Secretary to theMinistry of Defense as well as stints asSecretary to the Ministries of ForeignEmployment and Welfare, Ministry ofEducation and Ministry of Cooperativeand Internal Trade. He was one of theformer Chairmen of the National FilmCorporation.An Economics graduate of theUniversity of Peradeniya, Mr Sirisenaalso holds a Diploma in Statisticsfrom the university of Colombo and aHigher Diploma in Management fromSLIDA. He was a member of the SriLanka Administrative ServiceMr S T AbeygunawardanaWorking DirectorMr Abeygunawardana was reappointedto the Board on 06 August 2012,having previously served two stints asa Director from August 2007 to May2010 and from June 2010 to May 2012.A businessman with four decades ofexperience, he also serves as a Directorof NSB Fund Management Company,as the Managing Director of JanasethaJothisa Seveya and as a Director of theCooperative Hospital, Galle. He alsofunctions as an Advisor on Religiousand Cultural affairs to the IndependentTelevision Network.Mr P A AbeysekeraDirector – Ex officioMr Abeysekera, who was reappointed tothe Board on 22 August 2012, is a seniormember of the Sri Lanka AdministrativeService since 1980.He served as Deputy Secretary to theTreasury at the Ministry of Finance andPlanning. He was a Council Memberof the University Grants Commission;a Director/Member of the Council ofthe Institute of Indigenous Medicine,Colombo University; a Board Memberof the Institute of Policy Studies (IPS);a member of the Governing Council ofthe Sri Lanka Institute of DevelopmentAdministration and also was a memberof Advisory Committee of Sri LankaTransport Board.His wealth of experience includesserving as Assistant Commissioner ofCo-operative Department (Rural Banks)for six years; being District Secretary/GA of Gampaha and functioningas Secretary to the Commissionerof Investigations of Bribery andCorruption to investigate Allegationsof Bribery and Corruption. He retiredfrom the post on 28 February 2013.Mr D L P R AbeyaratneDirector – Ex officioMr Abeyaratne was appointed to theBoard on 09 February 2012 and wasappointed as the Acting Chairman forthe period from 23 May 2012 to 05August 2012. He is also a Director ofNSB Fund Management Company.Mr Abeyratne is the Post MasterGeneral of Sri Lanka. His 16 yearsof previous experience in Class 1 ofthe Sri Lanka Administrative Servicehave included services as DivisionalNATIONAL SAVINGS BANK . ANNUAL REPORT 2012
87ROOTED IN OUR HERITAGEBOARD OF DIRECTORSSecretary, Minuwangoda from 2005 –2008; Director General, National Gem& Jewellery Authority from 2008 - 2009and Senior Assistant Secretary, Ministryof Economic Development in 2010.Mr Abeyaratne has a Bachelor ofCommerce (Honours) Degree anda Master of Arts in Sociology at theUniversity of Kelaniya in 1991 and2010 respectively.Mr Lionel P FernandoDirectorMr Fernando, an experienced CharteredAccountant, was appointed to the Boardon 06 August 2012. He is also a Directorof NSB Fund Management Company.He holds a Bachelor of Commerce(Special) Degree and is a FellowMember of the Institute of CharteredAccountants of Sri Lanka (FCA),Fellow Member of Society of CertiedManagement Accountants (FCMA) anda Senior Accounting Technician (SAT).Mr Fernando sits on the Boards ofmany Companies including Benjarong(Pvt) Limited; L M ManagementServices (Pvt) Limited; Kelani UniInsurance Brokers (Pvt) Limited;Amerasian Travels (Pvt) Limited;Sundance Property Developers (Pvt)Limited; Amerasian EngineeringConsultants (Pvt) Limited; PeerapatCleaning Technology (Pvt) Limited andFriendshio (Pvt) Limited.Mr Sumith WijesingheDirectorMr Wijesinghe was appointed to theBoard on 06 August 2012. A practicinglawyer, he qualied as an Attorneyat Law and holds an LLB degree. MrWijesinghe currently serves as Secretaryto the Leader of the House and is alsoa Director of the Export DevelopmentBoard.He sat on the Boards of manyinstitutions, including Sri LankaTelecom PLC, Mobitel Pvt Ltd,National Development Trust Fund(Gar) Ltd and National DevelopmentTrust Fund Company (all from 2007 -2010) and Lankaputra DevelopmentBank (2011 - 2012).His previous experience has includedcoordinating programme activitiesof an Integrated Poverty AlleviationProgramme (including Savings andCredit Programme) supported byNDTF/World Bank (1993 - 1997) andplanning and implementing a FishingCommunity Programme.Mr Priyantha JayawardenaDirectorMr Jayawardane, President’s Counsel,was appointed to the Board on 06August 2012.An Attorney-at-Law of the SupremeCourt, Mr Jayawardane obtained aMaster’s Degree in Commercial Lawfromthe University of AberdeenScotland, UK in 1993. He completedthe Qualied Lawyers ‘TransferTest’ at the College of Law Londonin 1993 and enrolled as Solicitor inEngland and Wales in 1996. He alsocompleted studies in CommercialLaw at the National University ofSingapore in 1999. In October 2012,Mr Jayawardane was appointed as aPresident’s Counsel.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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Page 57 and 58: 55ROOTED IN OUR HERITAGEGOVERNANCE
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Page 105 and 106: 103CHAPTER 4ASSESSING AND MANAGING
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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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251CHAPTER 7ANNEXURESNATIONAL SAVIN
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253STATEMENT OF FINANCIAL POSITION
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255TEN YEARS AT A GLANCE(Rs Mn)Year
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257OUR PRODUCTS AND SERVICESSAVINGS
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259OUR PRODUCTS AND SERVICES19. Ran
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261OUR PRODUCTS AND SERVICESOUR EXT
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263BRANCH NETWORKCentral Province1.
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265CORRESPONDENT BANKSCiti Bank NA,
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267EXCHANGE COMPANIESHabib Qatar In
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269GLOSSARYCredit RatingsAn evaluat
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271GLOSSARYReturn on Average Assets
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273CORPORATE INFORMATIONCOMPLIANCE
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Annual Report 2012 - National Savings Bank

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