The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning

7 February 2025 ·Oral question: Oral Answers to Questions and Second Round Questions

Public Finance

AI summary generated by gpt-5.5

The Deputy Minister of Finance and Planning responded to a question on the National Savings Bank, providing details on its establishment, current board, branch network, staffing, paid-up capital, and compliance with Basel capital adequacy requirements. He reported the bank’s profits, return on investment, administration cost ratio, non-performing loan ratio, lending margin, and balance sheet totals over recent years, including provisional 2024 figures. He also stated that no loans exceeding Rs. 1 billion had been written off, so related follow-up questions did not arise.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 Hon. Deputy Speaker, on behalf of the Minister of Finance, Planning and Economic Development, I provide the following answers.

¶ 02 (a) (i) 29 September 1971.

¶ 03 (ii) Present Board (as at end-2024): - Chairman: Dr. Harsha Cabraal - Director (Ex-officio/Treasury Nominee): Mr. Jude Nilukshan - Director (Ex-officio/Postmaster General): Mr. S.R.W.M.R.P. Sankumara - Director: Mr. Dushyanta Basnayake - Director: Mr. Shan Jayasekara - Director: Ms. Apani Jayasekara - General Manager/Chief Executive Officer: Ms. Shashi Kandambi

¶ 04 (iii) Branches: 262 Permanent employees: 4,183 (as at 31.12.2024)

¶ 05 (iv) Paid-up capital: Rs. 9,400,000,000 (Rs. 9.4 billion)

¶ 06 (v) Yes. It complies with BASEL capital adequacy requirements.

¶ 07 (vi) Not applicable.

¶ 08 (b) (i) Profit for the last 10 years (Rs. million): 2014: 6,867 2015: 8,672 2016: 9,498 2017: 9,716 2018: 4,500 2019: 6,381 2020: 10,108 2021: 22,120 2022: 2,530 2023: 7,216 2024 (Provisional): 17,932 Expected profit for the next three years: projections are being prepared.

¶ 09 (ii) Return on Investment (ROI) for the last 10 years (%): 2014: 1.46 2015: 1.60 2016: 1.51 2017: 1.47 2018: 0.78 2019: 0.95 2020: 1.24 2021: 1.93 2022: 0.28 2023: 0.26 2024 (Provisional): 1.73

¶ 10 (iii) Administration cost ratio and Non-Performing Loan (NPL) ratio (%): Administration Cost Ratio: 2019: 2.07 2020: 2.05 2021: 2.08 2022: 1.93 2023: 1.94 2024: 2.93 NPL Ratio: 2019: 13.24 2020: 10.39 2021: 8.91 2022: 11.80 2023: 16.27 2024: 12.96

¶ 11 (iv) Lending margin (%): 2019: 15.66 2020: 19.68 2021: 23.34 2022: 16.32 2023: 11.91 2024 (Provisional): 22.59

¶ 12 (v) Balance sheet totals (Rs. million): 2019: 1,157,967 2020: 1,363,808 2021: 1,579,098 2022: 1,616,686 2023: 1,686,965 2024 (Provisional): 1,736,202

¶ 13 (c) (i) No loans over Rs. 1 billion have been written off. (ii) Not applicable. (iii) Not applicable.

¶ 14 (d) Does not arise.

Provenance

Source: Hansard, Friday, 7 February 2025 ·No. 1739786070060795 ·English daily/uncorrected Hansard
Page · column: not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
Permalink: /lk/speeches/23039

View source PDF ↗ Suggest a correction

Cite as: The Hon. (Dr.) Harshana Suriyapperuma - Deputy Minister of Finance and Planning. 10th Parliament, Parliament of Sri Lanka. Hansard, 7 February 2025. No. 1739786070060795. Politick, https://staging.politick.io/lk/speeches/23039