National Savings Bank Archives

The Interminable Patriot is no more! – by Dr. Tilak S. Fernando Douglas Wickramaratne answered the final call from this world on 1 December 2021. He was born on 9 April 1938 in Colombo. He lived in North London and was an interminable patriot. He always argued with the international community to safeguard the reputation of Sri Lanka. His funeral took place on 14 December at the West Chappal of Golders Green, Crematorium, London NW11. He was educated at Ananda College, Colombo and was the leader of the debating team for both Sinhala and English, until Dr Buddhadasa Bodhinayake succeeded him. After leaving Ananda, he worked at the Bank of Ceylon as a manager and subsequently with the National Savings Bank in Sri Lanka. Douglas arrived in London in 1970 to pursue further studies. Upon completing his studies in London, he joined the Lloyd’s Bank of London as a ...

NSB ups pre-tax profit by 24% to a record Rs. 13b Savings giant NSB has boosted its profit before tax for 2015 by 24% to a record Rs. 13 billion, whilst achieving healthy growth in deposit mobilisation. The bank also recorded a 26.2% rise in profit after tax to reach Rs. 8.7 billion for the year ended 31 December 2015. The bank reported an interest income of Rs. 78.1 billion whilst interest expenses marginally decreased by 2.8%. As a result the net interest income rose to Rs. 27.0 billion. NSB’s total deposit base grew by 7.5% to reach Rs. 595.8 billion while ordinary savings recorded an impressive growth of 15.4% reaching Rs. 163.4 billion. “I am delighted to be associated with the bank in this momentous year of growth, ” NSB Chairman Aswin De Silva said. “The achievement is significant as it is attributed largely to an organic growth representing ...