The Hon. (Prof.) Anil Jayantha

¶ 01 Mr. Speaker, I answer on behalf of the Minister of Finance, Planning and Economic Development.

¶ 02 (a) (i) Date of incorporation: 01 August 1939.

¶ 03 (ii) Present Chairman, Board of Directors and CEO: - Chairman: K. M. L. De Soysa - Directors: K. M. L. De Soysa (Chairman), A. J. Ismail, J. C. Palpola, M. K. C. Senanayake, Dr. A. K. L. Illesinghe, R. M. P. Rathnayake - General Manager/Chief Executive Officer: W. P. Russel Fonseka

¶ 04 (iii) Branches: 658. Employees: 8,214.

¶ 05 (iv) Paid-up capital: Rs. 253 billion.

¶ 06 (v) Yes, it is in compliance with Basel capital adequacy requirements; it is above the Basel requirement.

¶ 07 (vi) Not applicable.

¶ 08 (b) (i) Profit for the last 10 years and expected profit for the next 3 years (Rs. billion): - 2014: 20.3 - 2015: 25.3 - 2016: 31.2 - 2017: 30.3 - 2018: 33.4 - 2019: 29.7 - 2020: 23.6 - 2021: 43.2 - 2022: 31.0 - 2023: 40.3

¶ 09 For 2024, final financial statements are not yet presented; estimates indicate approximately Rs. 100 billion profit. For 2025 and 2026, profits are estimated to exceed Rs. 100 billion each year.

¶ 10 (ii) Return on Assets (ROA) and Return on Equity (ROE) for the last 10 years:

¶ 11 - 2014: ROA 1.6%, ROE 20.5% - 2015: ROA 1.7%, ROE 22.2% - 2016: ROA 1.9%, ROE 28.4% - 2017: ROA 1.7%, ROE 20.9% - 2018: ROA 1.6%, ROE 17.3% - 2019: ROA 1.3%, ROE 16.8% - 2020: ROA 0.9%, ROE 11.9% - 2021: ROA 1.3%, ROE 21.0% - 2022: ROA 0.8%, ROE 14.1% - 2023: ROA 0.9%, ROE 10.6%

¶ 12 For 2024, ROA is estimated to exceed 2.0%; for 2025 and 2026, 2.3% and 2.4% respectively. ROE is forecast at 19.1% in 2024; for 2025 and 2026, 17.8% and 16.7% respectively. Final statements are pending.

¶ 13 (iii) Administration cost and net interest margin for the last five years: - 2019: Admin cost Rs. 32.5 bn; Net interest margin 3.2% - 2020: Rs. 33.1 bn; 2.8% - 2021: Rs. 41.7 bn; 3.3% - 2022: Rs. 47.3 bn; 3.1% - 2023: Rs. 52.3 bn; 2.1% For 2024, approximately 3.8% (estimate).

¶ 14 (iv) Administration cost as a percentage of lending rate: - 2019–2023: 1.6%–3.0% range (admin cost considered as cost of funds ratio).

¶ 15 (v) Balance sheet totals (Total Assets): - 2019: Rs. 2.5 trillion - 2020: Rs. 3.0 trillion - 2021: Rs. 3.4 trillion - 2022: Rs. 3.7 trillion - 2023: Rs. 4.3 trillion - 2024: Estimated Rs. 4.9 trillion

¶ 16 (c) (i) No loans over Rs. 1 billion have been written off. However, provisions in excess of Rs. 1 billion have been made in accordance with International Accounting Standards.

¶ 17 (ii) Not applicable.

¶ 18 (iii) The Bank follows its internal procedures and applicable laws and regulations; as noted, provisions have been recognized in line with international accounting standards.

¶ 19 (d) Does not arise.