National Savings Bank

Overview

National Savings Bank (NSB) is a state-owned financial institution in Sri Lanka, established in 1972 through the amalgamation of four state-run entities. It operates under the National Savings Bank Act No. 30 of 1971 and is recognized as a Licensed Specialised Bank under the Banking Act No. 30 of 1988. NSB's primary mandate is to encourage and mobilize public savings, serving as a secure repository for these funds. The bank offers a comprehensive suite of financial products, including savings accounts, fixed deposits, housing loans, personal loans, and pawning services. Additionally, it provides international financial transactions through remittance services and foreign currency deposit products. NSB also offers treasury services and related financial solutions for institutional clients. The bank's operations are organized into four key segments: Retail Banking, Corporate Banking, International Banking, and Treasury. Retail Banking provides a full range of products such as savings accounts, term deposits, mortgages, personal loans, and small business lending. Corporate Banking encompasses corporate lending, loan syndication, and debt origination, catering to large corporations, banks, financial institutions, and state-owned enterprises. International Banking offers solutions related to foreign currency, including foreign currency deposits, inward and outward remittances, foreign currency exchange, and issuance of import letters of credit. The Treasury segment engages in investments in government securities, equities, foreign exchange, and repo borrowings, as well as fund-raising activities through debentures and bonds. As of the end of the 2024 financial year, NSB reported total assets amounting to Rs. 1.78 trillion and total customer deposits reaching Rs. 1.56 trillion. The bank operates a network of approximately 262 branches and around 417 automated teller machines (ATMs) and cash recycling machines (CRMs). Its reach is further extended through a postal network of about 4,006 postal and sub-postal offices that act as agents. At the close of December 2024, NSB served 10.42 million active customer accounts, underscoring its significant role in mobilizing public savings and contributing to national development initiatives.

Investment Focus

• Investments primarily in fixed income securities
• Focus on growth, late-stage, pre-IPO, buyout, turnaround, and distressed opportunities within Sri Lanka