NSB poised for further growth

"My aim is to take the country's premier savings bank forward on the growth path, where many opportunities are available to provide various diversified services to depositors and the public, thereby contributing to the national economy," said W.A. Nalani who assumed duties as the first Chairperson of National Savings Bank last week.

She said that the confidence and trust people have reposed in our Bank has taken us to great heights during the past four decades amidst intensified competition, making us the third largest Bank and the leading savings bank in this country.

As the pioneer organisation in savings, the NSB has inculcated the savings habit among the urban and rural masses for several decades and is rooted in the hearts and minds of the people as the most stable savings bank.

The customer deposits and interest payments are 100% guaranteed by the government, while the bank has been rated as an 'AAA' organisation for the past 10 consecutive years by Fitch Ratings Lanka Ltd.

"The NSB has continuously grown through its enhancing branch network and an effective postal network, which function as mini branches across the island," she said.

The bank has a network of 227 branches and 4,053 post offices and sub post offices islandwide.

She said, "Our immediate priorities are to strengthen ourselves to meet changing customer needs and expectations and reach out to people across the country through a wider network of branches. We are expanding our international banking services to Sri Lankans living abroad, adding value to their hard earned earnings through efficient and secure services."

"The Bank has secured the confidence of thousands of Sri Lankans employed abroad, by remitting foreign money to their accounts in Sri Lanka at comparatively low cost," said the Chairperson.

The housing sector will be continuously funded considering the country's need to develop this sector and provide 'better shelter' to the common man. Funding of large infrastructure development projects is the newest business line of the bank.

"Our country has reached a new era with boundless opportunities for the banking and finance sector. The government's development agenda, followed by the economic and political stability of the country, has added tremendous value to the present environment and the National Savings Bank is poised to take advantage of these favourable macroeconomic conditions, thereby making a vital contribution to economic development," Nalini said.