A Bank, Deeply Rooted
National Savings Bank(NSB) was established via the Parliament Act, No.30 of 1971 by the then Minister of Finance, the late Dr. N. M. Perera amalgamating four unique institutes engaged in providing financial services to the people at the time. They were:
- The Ceylon Savings Bank
In the year 1832, the Governor of Ceylon, Sir Robert Wilmot Horton has established the Ceylon Savings Bank to inculcate the savings habit amongst the people as well as introduced formal banking practices to the nation. The Bank was open three days of the week and conducted business in Sterling Pounds.
- The Ceylon Post Office Savings Bank
On the suggestion of Sir Ponnambalam Ramanathan, the Ceylon Post Office Savings Bank, was established in 1885, with an efficient service, it became easy to make deposits and withdrawals through the network of national post offices.
- The Savings Certificates Section – Post Master General’s Department
In 1938, the Savings Certificates Section of the Post Master General’s Department was established to further promote the saving habit of the people. This unit was instrumental in popularizing the concept of Savings Certificates amongst the people.
- The Ceylon War Savings Movement
In 1942, the Ceylon War Savings Movement was formed to mobilize savings to finance the War Loans obtained during World War II. By virtue of its operations, the Savings Certificates were further popularized. By the end of the war, this entity was renamed as the National Savings Movement.
- National Savings Bank
On 16th of March, 1972, National Savings Bank was declared opened for regular business operations. In recognition of its roots, National Savings Bank still retains as Board of Directors, the Deputy Secretary to the Treasury and the Postmaster General who were also members of the Board of Trustees of the Ceylon Post Office Savings Bank until the inception of NSB in 1972.
Since then, NSB has grown in leaps and bounds transforming itself into a household name as a partner in savings.
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3 Prestigious Awards at the BestWeb.lk
www.nsb.lk is the winner of,
- Most Popular Banking & Finance Website
- Best Banking and Finance Website – Bronze award
- Best Tamil Website – Gold award
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NSB is Recognized as one of the top 10 “Most Admired Companies in Sri Lanka” in 2021 by the International Chamber of Commerce Sri Lanka (ICCSL), in collaboration with the Chartered Institute of Management Accountants (CIMA).
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NSB is recognized as one of Sri Lanka’s to 10 Women Friendly Workplaces by Satyn Magazine and CIMA Sri Lanka
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NSB Wins “Silver” Award for Annual Report 2020 at the 56th CA Sri Lanka Annual Report Ceremony
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Best website in Sri Lanka at BestWeb.lk 2020
- www.nsb.lk is the winner of,
- Overall Best Website
- Best Banking and Finance Website – Gold award
- Best Tamil Website – Silver award
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Highest ever mobilisation of Rs. 218.4 Bn. deposits
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NSB Annual Report 2019 is Awarded at the International ARC Awards 2020
- Gold Award – Specialized AR/Integrated AR & CSR
- Gold Award – Written Text
- Gold Award – Financial Data
- Gold Award – Infographics: Banks
- Silver Award – Interior Design: Banks
- Silver Award – Illustrations: Banks
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First Sri Lankan State Bank to receive PCI-DSS Certification
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Sri Lanka Savings Bank became a fully-owned subsidiary of NSB
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Surpassed the Rs. 1 Tn. deposit base
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Successfully redeemed the USD 250 Mn. Senior Note
4 ARC Awards for the Annual Report 2017 at the 32nd International ARC Awards
- Silver Award – Cover Photo/Design: Banks: Savings & Loan
- Bronze Award – Interior Design: Banks: Savings & Loans
- Bronze Award: Written Text: Banks: Savings & Loans
- Bronze Award: Non-Traditional Annual Report: Banks: Savings & Loans
3 Awards for the Annual Report 2017 at CMA Excellence in Integrated Reporting Awards –
- One of the “Ten Best Integrated Reports”
- Best Integrated Report for the State Owned Enterprises/Companies Sector
- Most Improved Integrated Report
Most Popular Corporate Website Award by BestWeb.lk
Recognized as the Largest MasterCard Debit Portfolio in Sri Lanka by MasterCard
International funding of US$ 100 Million
Successfully redeemed the USD 750 Mn. Senior Note
Secured the first foreign currency term loan
Obtains AAA(lka) National Long-Term Rating for the 15th Consecutive Year
Became the first specialised bank to reach Rupees One Trillion asset base.
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Rated as “The Safest Bank in Sri Lanka” by Global Finance
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Won the Best of Sri Lanka Award for Annual Report – 2015 by ARC Awards and also awarded a Gold Medal for Chairman’s Message
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Issuance of NSB’s first debenture valued at Rs. 6 Bn.
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Opening of 250th Branch – Galagedara
Brand rating of AA by LMD and recognizing as Fifth Most Valued Brand in Sri Lanka.
Issuance of the single largest bond of USD 750 Mn. by a Sri Lankan Bank
Opening of 200th Branch – Medawachchiya
Establishment of Call Center (24 Hoursx 7 Days)
Introduction of Ranmasu NRFC Account
Inauguration of IBU Operation
Obtained AAA Sri Lanka domestic Credit Rating from Fitch Ratings
Establishment of NSB FMC subsidiary
Opening of 100th Branch – Nittambuwa
Business Diversification through Amendment of NSB Act
Introduction of Automated Teller Machine
Implementation of Mobile Banking Unit to reach the rural population
Establishment of National Savings Bank
National Savings Bank
On the 16th of March, 1972, the National Savings Bank was opened for regular business operations. In recognition of its roots, the National Savings Bank still retains as Board of Directors, The Deputy Secretary to The Treasury and The Postmaster General who were also members of the Board of Trustees of the Ceylon Post Office Savings Bank until the inception of the NSB in 1972.
Since its inception in 1972, NSB has grown from strength to strength transforming itself into a household name as a partner in savings.
The Bank with Deep Roots
The National Savings Bank in its present for was established via act of Parliament No.30 of 1971 by the then Minister of Finance the late Dr. N. M. Perera amalgamating for unique entities that were conducting savings business at the time. They were:
Establishment of the Ceylon War Savings Movement
The Ceylon War Savings Movement
In 1942, the Ceylon War Savings Movement was formed to mobilize savings to finance the War Loans during World War II. By virtue of its operations, the acceptance of Savings Certificates was further popularized. At the end of the war, this entity was renamed the National Savings Movement.
Opening of the Savings Certificate section by the Postal Services Department
The Savings Certificates Section – PMG’s Dept.
In 1938, the Savings Certificates Section of the Post Master General’s Department to further promote the savings in the country. This sub-entity was instrumental in establishing the popularity of Savings Certificates amongst the people.
Establishment of the Post Office Savings Bank
The Ceylon Post Office Savings Bank
In the year 1885, at the suggestion of Sir Ponnambalam Ramanathan, the Ceylon Post Office Savings Bank, was established in 1885, with an efficient service, it became easy to make deposits and withdrawals through the network of national post offices.
Establishment of the Ceylon Savings Bank
The Ceylon Savings Bank
In the year 1832, the Governor of Ceylon Sir Robert Wilmot Horton established The Ceylon Savings Bank to inculcate the savings habit amongst the people as well as introduce the idea of formal banking practices to the nation. The bank was open three days of the week and conducted business in Sterling Pounds.