NSB mobilises Rs. 23b in 1H

The National Savings Bank (NSB) has mobilised Rs.23b deposits during the first half and the total deposit base of the Bank has increased to Rs. 378b recording a growth of 6.4 percent. Savings deposits recorded a growth of 7 percent passing the Rs. 100b mark while term deposits increased by 6 percent to Rs.275b.

The Government securities portfolio of the Bank recorded a growth of 8 percent to reach Rs.296b while wholesale lending portfolio recorded a growth of 156 percent during the first half. Net interest income of the Bank reported an increase of Rs.1.3b from Rs. 4.9b in the corresponding period of 2010.

Hennayake Bandara General Manager/CEO said, “The Bank continued to pursue its efforts to achieve strategic targets at all levels and improved its performance in all operational activities. As a result we were able to maintain our balance sheet growth",he said