{"id":16297,"date":"2017-04-01T19:08:43","date_gmt":"2017-04-01T19:08:43","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=16297"},"modified":"2017-04-02T09:29:01","modified_gmt":"2017-04-02T09:29:01","slug":"commendable-round-performance-nsb-2","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/","title":{"rendered":"A commendable all-round performance from NSB"},"content":{"rendered":"

A commendable all-round performance from NSB<\/span><\/h1>\n

\"\"
\nMr. Aswin De Silva – Chairman NSB<\/a><\/p>\n

\"\"
\nMr. Dhammika Perera – GM\/CEO of NSB <\/a><\/p>\n

Key Highlights<\/strong><\/span><\/h2>\n

* Highest ever Profit Before Tax (PBT) of Rs. 13.3 billion for financial year 2016 in its 45 year history.<\/span>
\n * Profit After Tax (PAT) at Rs. 9.5 billion for 2016, a 10% growth as compared to previous year.<\/span>
\n * Non Performing Loans (NPL) ratio at 1.55%, one of the lowest in the banking industry.<\/span>
\n * Total Capital Adequacy ratio at 14.7% amongst the highest in the state banking sector.<\/span>
\n * A total contribution of Rs. 19.2 billion to government through dividend levies and taxes.<\/span><\/p>\n

The bank\u2019s operating profit at Rs. 16.1 billion recorded 4% increase as compared to previous year. These reported profits were achieved despite lower interest margins on account of an elevated market interest rate scenario. The growth in its traditional lines of business enhanced fee based income and improvement in credit quality of its asset portfolio resulting in lower provisioning being the main contributory factors leading to this growth in profitability.<\/span><\/p>\n

Interest income of the bank grew by 11% to reach Rs. 86.4 billion whilst the net interest margin reduced to 2.9% in 2016 from 3.3% in 2015. The bank has augmented these market challenges with growth in volumes to post an increased profit.<\/span><\/p>\n

The total assets of the bank surpassed Rs. 900 billion and are currently at Rs. 911.7 billion, whilst the deposit base grew by 10% to reach Rs. 657 billion by year 2016. The bank\u2019s loans and advances portfolio grew by 19% primarily assisted by advances within the retail sector.<\/span>
\n Its Non Performing Loan ratio at 1.55% testifies prudent management of its asset portfolio with emphasis on strengthening its balance sheet.<\/span><\/p>\n

A contribution of Rs. 19.2 billion to the government in the form of dividends, levies and taxes is the highest in its history, thus signifying its critical role within the state sector.<\/span><\/p>\n

The Bank continued to play a dominant role in the housing loan market and lending to needy sectors by way of granting loans at concessionary interest rates. The bank\u2019s contribution to CSR programs through much acclaimed Hapan Scholarship Programme and \u201cSooryabala Sangramaya\u201d loan scheme introduced to purchase solar panels is noteworthy.<\/span><\/p>\n

As another unique initiative, the Bank raised Rs. 6.0 billion from the local market through a private placement of debentures to strengthen the Tier II capital. The Bank\u2019s Tier 1 capital adequacy ratio stood at 12.5% while the total capital adequacy was 14.7% at the end of the year 2016. <\/span>
\n The Bank has also been in the forefront on some of the European markets in attracting inward remittances and also strengthening the partnerships in international markets. <\/span>
\n The Bank expanded its network by increasing the branches to 250 and ATM network was increased to 279 by end of 2016 which is connected to the Lanka Pay locally and MasterCard & Visa internationally. <\/span><\/p>\n

The bank has recently rolled out a 3 year strategic business plan with clearly identified imperatives for a sustained period of growth.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A commendable all-round performance from NSB Mr. Aswin De Silva – Chairman NSB Mr. Dhammika Perera – GM\/CEO of NSB Key Highlights * Highest ever Profit Before Tax (PBT) of Rs. 13.3 billion for financial year 2016 in its 45 year history. * Profit After Tax (PAT) at Rs. 9.5 billion for 2016, a 10% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[1541,1554,1555],"class_list":{"0":"post-16297","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-articles","7":"tag-a-commendable-all-round-performance-from-nsb","8":"tag-mr-aswin-de-silva-chairman-nsb","9":"tag-mr-dhammika-perera-gmceo-of-nsb"},"yoast_head":"\nA commendable all-round performance from NSB<\/title>\n<meta name=\"description\" content=\"A commendable all-round performance from NSB\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A commendable all-round performance from NSB\" \/>\n<meta property=\"og:description\" content=\"A commendable all-round performance from NSB\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-01T19:08:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-04-02T09:29:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2017\/04\/Chairman-NSB.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/1e0438dae29dfe87d52bbc17203fb6d9\"},\"headline\":\"A commendable all-round performance from NSB\",\"datePublished\":\"2017-04-01T19:08:43+00:00\",\"dateModified\":\"2017-04-02T09:29:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/\"},\"wordCount\":478,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/commendable-round-performance-nsb-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2017\/04\/Chairman-NSB.jpg\",\"keywords\":[\"A commendable all-round performance from NSB\",\"Mr. Aswin De Silva - 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