OPERATING HIGHLIGHTS
Only Sri Lankan Bank to be ranked among the top 1000 Banks in the world for the second time - by ‘The Banker’
Honoured with 5 top accolades as the ‘Best’ in Sri Lanka
Won top 4 accolades including Gold Award for the Overall Winner - at the Annual Reports Awards 2011 by The Institute of Chartered Accountants of Sri Lanka
Continued to maintain its supreme position as the entity with the largest market capitalisation among all listed banks and financial institutions in the country
The Bank’s Bangladesh Operation’s Credit Rating upgraded to AAA from AA+ by the Credit Rating Information Services Ltd.
Launched Islamic Banking Unit and Elite Branch for high-networth customers
Opened the highest number of delivery points in a single year - 26 delivery points
Single largest ATM Network operated by a bank in Sri Lanka
Successfully concluded a Rights Issue of ordinary shares followed by a share split
Business volumes grew: Net Loans and Advances by 27.35%, Deposit base by 22.59% and Total Assets by 19.20%
Signed milestone agreement to disburse Rs 1.5 Bn. to Road Development Authority from tax savings
Gross and Net NPL Ratios improved to 3.43% and 2.08% from 4.22% and 2.78% in 2010
Provision Cover improved to 39.53% in 2011 from 34.05% in 2010
Post-Tax profit increased by 45.71% reaching Rs. 8.0 Bn. Mark
Rewarded Shareholders with a total dividend payout ratio of 60.94% of which 40.63% represented a cash dividend
Return on Equity improved to 20.76% in 2011 compared to 17.87% in 2010
Return on Assets rose to 1.98% from 1.60% in 2010
Capital Adequacy Ratio improved to 13.01% in 2011 from 12.26% in 2010