[...]... PROSPECTS This report i s a b out you [ 8 ] N AT I O N A L S AV I N G S B A N K | A N N UA L R E P O RT 2 0 1 0 It’s about you as a customer, you as a business partner, you as a member of the NSB team Together we’re creating a visionary national bank, one with a leading role in transforming our country into the Miracle of Asia By focusing on you as a customer or partner, by guiding you as a team member,... themselves But 2010 is a year within a larger voyage As well as reporting some of the major things we’ve achieved, we want to share some of the important things we’re doing right now As a customer, you ll want to know how we aim to improve your banking experience If you re a team member, you ll want to know where we’re heading too Whatever your role, wherever you are, we’d like to involve you in the big... business value Together with my fellow Directors, I am proud to have a custodial role for National Savings Bank now and into the future year Once again, I offer my gratitude to you personally - whether a team member, a customer or a partner - for your immense contribution to a remarkably fruitful year Our report is about you Pradeep Kariyawasam Chairman Colombo 6th April 2011 [ 1 9 ] N AT I O N A L S AV... And we’re continuing to remould ourselves Why such emphasis on change? It’s because you - your life, your needs, your aspirations - are changing too We want to be right where you need us now, but we also want to be ready for your future too We’re changing for you The fact is, our ability to enhance the way we serve you rests on a host of strategic and operational drivers Central to these is capital... our contributions to national development The fact is, you and we as Sri Lankans are building a bank of immense national influence and importance As a state-owned, state-guaranteed institution, we have, and willingly accept, national strategic responsibilities Take our domestic savings rate It’s presently 18% of GDP It should be around 25% or above Is it realisable? Certainly Total savings mobilised by... network of 186 branches and 4,053 post offices and sub-post offices We are one of the leaders in rupee savings market with a market share of 20.3% National Savings Bank is the proud inheritor of a rich tradition of savings banking Formed by statute in 1971, we trace our origins back to 1832 Our inception followed just two decades after the world’s first savings movement in 1810 We have been visionary since... nation’s only mandated savings bank, so we’re able to provide increased funds for national development and capital funding for housing and business As the nation enters a new period of peace and security, we intend to lead our banking sector in laying and reinforcing the foundations of dramatically enhanced prosperity As a Government-owned Bank, we have an unmatched reputation for savings security We... nation’s savings habits and financial capability [ 1 1 ] N AT I O N A L S AV I N G S B A N K | A N N UA L R E P O RT 2 0 1 0 [ 1 2 ] N AT I O N A L S AV I N G S B A N K | A N N UA L R E P O RT 2 0 1 0 F rom th e C hairman You may be a customer You may be one of our business partners, in the banking sector or in another related role You may be a member of the NSB team You re part of our world Welcome You re... of 2010 amounted to Rs 42.3 Billion, up 13.5% from 2009 We know we can grow domestic savings much, much more All being well, Sri Lanka could reach the target savings ratio of 25% of GDP by 2015 And what would that mean? It will increase our per capita income to US$ 4,000 (Rs 444,000 /-) May be you know someone sending money back from work overseas Central Bank figures show inward remittances in 2010. .. support us internally We are, quite simply, re-creating your Bank to match the terms and needs of your future environment We know we can develop the competencies not merely to be highly competitive in the new and emerging environment, but to assume a leadership position in chosen areas This, in short, is strategy in action Wherever you are as you read this, you ll doubtless see some facet of our strategic . o u t y o u About You National Savings Bank Annual Report 2010 © 2010 National Savings Bank Produced by: Smart Media - The Annual Report Company ISBN 97 8-9 5 5-0 54 0- 0 1-3 This Annual Report is Carbon. 97 8-9 5 5-0 54 0- 0 1-3 This Annual Report is Carbon Neutral This National Savings Bank Annual Report has been produced by Smart Media - The Annual Report Company whose greenhouse gas emissions resulting. offices and sub-post offices. We are one of the leaders in rupee savings market with a market share of 20.3%. National Savings Bank is the proud inheritor of a rich tradition of savings banking.