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Seylan Bank PLC 12 Analysis of Loans & Advances , Commitments, Contingencies and Impairment
Seylan Bank PLC Interim Financial Statements For the 03 Months Ended 31st March 2020 Commentary on Financials Q1- 2020 Seylan recorded a Profit after tax of Rs. 902 Million in Q1 despite challenging market conditions. Net interest income increased by 7.28% during the 1Q 2020 while net fee and commission income from core banking activities witnessed an increase of 2% to reach Rs. 986 Million in 1Q 2020 as compared to Rs. 966 Million for the comparative period. Other income captions comprising of net gains from trading activities, fair value changes of financial instruments, gains on foreign exchange transactions and other operating income was reported as a net gain of Rs. 415 Million compared to net gain of Rs. 368 Million in 1Q 2019. Impairment charges for the period reached Rs. 1,116 Million, which is 89.41% increase as compared to a charge of Rs. 589 Million in Q1 2019. Total Expenses recorded an increase of 5.27% from Rs. 3,098 Million in the 1Q of the previous year to Rs. 3,261 Million during the period under review. Gross Loans and advances portfolio of the Bank recorded a marginal growth of Rs. 613 Million during the 1Q 2020 and the net position recorded a negative growth of Rs. 228 Million. The overall deposit base recorded a marginal growth of 1.56% to Rs. 407,002 Million by 1Q 2020 while Bank’s CASA ratio (Current and Savings) stood 28%. Further, the total Time Deposits increased slightly from 71.61% by end of year 2019 to 72.06% as at 31st March 2020 of the total deposits base. -
TAX UPDATE for Clients of KPMG in Sri Lanka Extension of VAT
TAX UPDATE For clients of KPMG in Sri Lanka Extension of VAT deferment facility and temporary registration The Department of Inland Revenue (“DIR”) had issued a notice (PN/VAT/2020-03) dated 26th March 2020 informing all tax payers that due to the prevailing situation in the country consequent to the outbreak of COVID-19, an extension of validity periods for VAT deferment facility related letters and Temporary VAT registration has been granted, which we have notified via our tax alert dated 27th March 2020. The DIR has now issued the attached notice (PN/VAT/2020-05) dated 28th April 2020, granting a further extension of the validity periods for VAT deferment facility related letters and Temporary VAT registration up to 30th June 2020. You may click on the link below to access the notice published by the DIR: http://www.ird.gov.lk/en/Lists/Latest%20News%20%20Notices/Attachments/242/VAT280420 20_E.pdf Online tax payments The DIR has via the previous notice (PN/PMT/2020-1) dated 8th April 2020 intimated the availability of an online tax payment method. They have now updated this notice informing that if a taxpayer uses the Real Time Gross Settlement System (“RTGS”), the taxpayer should contact an officer of the DIR, using the contact details provided in the notice, to obtain instructions for performing same. You may click on the link below to access the updated notice published by the DIR: http://www.ird.gov.lk/en/Lists/Latest%20News%20%20Notices/Attachments/236/PYMT0804 2020_E.pdf Follow us on, KPMG Sri Lanka @kpmgsl www.home.kpmg/lk The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. -
Loanees Home Improve
District/ Total # of Clubs # of Active Name of Club/ No. of No. of Amount Amount Amount No of loans Loans(Rs) per District Clubs Sponsor borr. loans granted(Rs) recovered(Rs)O/S(Rs) A1 1 0 Aluthgama Heros 4 4 80,000 80,000 0 2 1 Colombo Millenium/IPMCC Sunil D. 7 10 240,000 174,750 65,250 3 2 Dehiwela Mt Lavinia 8 9 190,000 163,500 26,500 4 3 Dehiwela Mt Lavinia ORIENT 9 10 210,000 71,000 139,000 5 0 Dehiwela Mt Lavinia DIAMOND STAR 1 1 20000 20000 0 6 4 Dickwella 1 1 20,000 11,000 9,000 7 5 Galkissa 5 6 120,000 82,000 38,000 8 0 Galle 2 3 50,000 50,000 0 9 6 Kaluamodera/Moragolla 15 18 390,000 322,500 67,500 10 0 Kalutara Central 20 20 317,500 317,500 0 11 7 Kalutara City Creators 1 1 20,000 11,000 9,000 12 8 Kothalawalapura 18 21 445,000 397,000 48,000 13 0 Matara Dikwella Ruhunu Millennium 1 1 20,000 20,000 0 14 0 Moratuwa 2 2 40,000 40,000 0 15 9 Moratuwa Orient 5 5 100,000 47,500 52,500 16 10 Moratu Eliya Diamond Star 10 11 255,000 110,800 144,200 17 11 Moratumulla Mid Town 8 13 310,000 253,500 56,500 18 12 Panadura 7 12 300,000 198,000 102,000 19 0 Panadura Central 11 11 220,000 220,000 0 20 0 Panadura Creators 2 2 20,000 20,000 0 21 0 Sirimal Uyana 1 1 10,000 10,000 0 164 3,427,500 21 Youth Trust 1 2 50,000 50,000 0 A2 1 0 Alubomulla 1 1 20,000 20,000 0 2 0 Bellanwila Circle 4 4 80,000 80,000 0 3 0 Beliattha Metro 2 2 30,000 30,000 0 4 1 Egodawatte Metro 2 2 40,000 8,000 32,000 5 0 Havelock Town 2 2 30,000 30,000 0 6 0 Gonapola 3 3 60,000 60,000 0 7 2 Kananwila 6 6 120,000 28,000 92,000 8 0 Kesbewa 6 6 120,000 120,000 0 35 690,000 9 3 Wethara Kahathuduwa 9 9 190,000 25,500 164,500 B1 1 0 Kotahena West 1 1 20,000 20000 0 2 1 Mabole 2 2 50,000 29,150 20,850 3 0 Mahabage PIP Mahendra A. -
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This paradox in airline jargon truly describes the year Contents gone by for Seylan Bank. In a year of challenge for the Bank and the industry, the saying illustrates the premise of opportunity that lies within challenge. 1 About 2 About Seylan The Bank dug deep, propelled by the strength this Report of its core values and ethos to remain strong and Financial Our Value Annual Report 2019 4 Highlights 6 Creation Strategy Headwinds resilient for the years ahead. 6... Letter from the Chairman 8... Letter from the Director/CEO Seylan Bank PLC Seylan Bank PLC Events Our Value 11 of the Year 12 Creation Model 14... How We Create Value 15... Why We Create Value 16... What Creates Value Headwinds Our Value Sustainable 23 Creation Story 76 Stewardship 23... The Context 76... Board of Directors 26... Financial Value Creation 80... Senior Management in 36... Sustainability Assurance Report 84... Corporate Governance Tailwinds 38... Informed Investors 123... Risk Management 42... Satised Customers 50... Motivated Employees 61... Trusted Partners 64... Responsible Corporate Citizenship 70... Environmental Stewardhip Annual Report 2019 Sustainable Annexes 148 Results 245 149... Financial Calendar 246... Ten Years at a Glance 150... Statement of Directors' Responsibility 247... Summary of Performance Indicators for Financial Reporting 248... Statement of Comprehensive Income in USD 151... Chief Executive Ofcer's and Chief 249... Statement of Financial Position in USD Financial Ofcer's responsibility Statement 250... Investor Information 152... Independent Auditors’ Report 254... Seylan Bank - Debentures 155... Income Statement 255... Branch and ATM Network 156... Statement of Prot or Loss and Other Comprehensive Income 256.. -
District Secretariat—Kandy for the Year 2015
කාය සාධන හා 燒귔 ලාතාල - 2015 nrayhw;Wif kw;Wk; fzf;F mwpf;if Annual Performance & Accounts Report pKfk; khtl;l nrayhsupd; nra;jp 04 Nehf;F 06 nraw;gzpf; $w;W 07 epUthf khtl;l tiug;glk 08 nghJ tpguq;fs; 09 khfhz epu;thfk; 17-39 gapw;rp 뷒ස්ත්රික් ල කමකkw;Wk; කායාය - මහ엔ලර mgptpUj;jp khtl;l nrayfk; - fz;b epiwNtw;wg;gl;l District SecretariattpNrl mk;rq;fs; - Kandy gpuNjr nrayhsu;; fl;bl tpguk; fk neFk tpNrl fUj;jpl;lk; CONTENTS Page Serial Number Description Number Message of District Secretary/ Government Agent, Kandy 1 Introduction of District Secretariat Kandy 1 1.1 Vision, Values and Mission 2 1.2 Quality Policy 3 1.3 Main Duties Performed by the District Secretariat 4-5 2 Kandy District Introduction 6-10 2.1 Administration Map 11 2.2 Basic Information 12 3 Organizational Chart 13 3.1 Approved Carder of Kandy District Secretariat 14 3.2 Approved Carder of Divisional Secretariats 15 4 Performance of District Secretariat 4.1 General Administration 4.1.1 Establishment Division’s Activities 16-19 4.1.2 Activities of the District Media Unit 20 4.1.3 Internal Audit Activities 21-23 4.1.4 District Disaster Management Activities 24-25 4.1.5 Training and Human Resources Development Activities 4.1.5.1 Training Programs 26-27 4.1.5.2 Human Resources and Career Guidance Activities 28-30 4.1.5.3 Productivity Programs 31-32 5 Statutory Activities and other Duties 5.1 Activities of Registration of Persons Department 32-33 5.2 Registrar General Department's Activities 33-34 5.3 District Election Activities 34 5.4 Motor Traffic Unit’s Activities 35 -
Lankaclear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 Lankaclear (Private) Limited 1 Lankaclear (Private) Limited Annual Report 2020/21 2
LankaClear (Private) Limited Annual Report 2020/21 Annual Report 2020/21 LankaClear (Private) Limited 1 LankaClear (Private) Limited Annual Report 2020/21 2 To revolutionize the transport sector in the country, we unveiled the 2in1 payment card technology to enable ‘Tap and Go’ payment capability in public transport. Ensuring a Quantum Leap in the Transport Sector, this is a pioneering effort to introduce an innovative technology of a single payment card with online and offline capabilities to provide convenience to commuters of public transport. You may get a glimpse of the Sri Lanka Transit Card experience by enabling NFC access in your Smart Phone and tapping the phone on the LankaPay card on the cover page of this year’s annual report. LankaClear has always been in the forefront of understanding consumer needs to make their lives and work seamless by providing real-time and secure transactions. In fact, we are well on our way to integrate THEďLATESTďȶNANCIALďSERVICEďINNOVATIONďTHATďWILLďPOSITIVELYď impact the lives of a majority of Sri Lankans via our 2 INďď0AYMENTď#ARDď7ITHďAďDYNAMICďSHIȺďINďCONSUMERď behaviour and how companies analyse the metrics of online engagement, our services have become indispensable. Our enviable track record shows that we have always strived to bring world-class technology, speed and convenience to a new breed of digital consumers to meet THEIRďDEMANDINGďEXPECTATIONSďINďACCESSINGďȶNANCIALď services. Similarly, we are making traditional brick mortar business a piece of history by bringing the future ever -
A 'Phygital' Experience at HSBC Premier Centre in Pelawatte
News Release 22 September 2020 A ‘phygital’ experience at HSBC Premier Centre in Pelawatte With the demographic equation changing and the mass affluent customers now also choosing to live in the suburbs, HSBC is gearing its branches of the periphery of the city to service customers in this segment. Pelawatte has become the latest HSBC branch to be upgraded to be an exclusive Premier Banking centre to meet the growing demand of the affluent population in the residential hub of the Colombo metro region. The newly refurbished Premier centre was declared open by Mark Prothero, CEO for HSBC Sri Lanka and Maldives. Also present was Nadeesha Senaratne, Country Head of Wealth & Personal Banking, together with senior management and staff. Nadeesha Senaratne, said, “HSBC has established a long history of 128 years in Sri Lanka, and in the past few years we have seen the value of strategically expanding to meet the specific needs of our customers.” HSBC’s Pelawatte branch was opened in 1998 and is conveniently located at no 418B Battaramulla - Pannipitiya Road, Battaramulla which currently serves a diverse portfolio of retail banking customers. With the new improvements undertaken, HSBC hopes to provide customers with an inclusive banking service, and attract potential new customers with its Premier banking proposition and worldwide banking service, within the expanding residential neighborhood. The Premier centre in Pelawatte models HSBC’s flagship Premier centre located in Flower road- Colombo 7, with an expansive ‘open’ space concept for casual open dialog with customers. The space has been optimized to enhance the customer experience by providing a ‘phygital’ banking experience with private meeting rooms specially designed to give customers an exclusive banking service with the assistance of a dedicated Relationship Manager. -
Name List of Sworn Translators in Sri Lanka
MINISTRY OF JUSTICE Sworn Translator Appointments Details 1/29/2021 Year / Month Full Name Address NIC NO District Court Tel No Languages November Rasheed.H.M. 76,1st Cross Jaffna Sinhala - Tamil Street,Ninthavur 12 Sinhala - English Sivagnanasundaram.S. 109,4/2,Collage Colombo Sinhala - Tamil Street,Kotahena,Colombo 13 Sinhala - English Dreyton senaratna 45,Old kalmunai Baticaloa Sinhala - Tamil Road,Kalladi,Batticaloa Sinhala - English 1977 November P.M. Thilakarathne Chilaw 0777892610 Sinhala - English P.M. Thilakarathne kirimathiyana East, Chilaw English - Sinhala Lunuwilla. S.D. Cyril Sadanayake 26, De silva Road, 331490350V Kalutara 0771926906 English - Sinhala Atabagoda, Panadura 1979 July D.A. vincent Colombo 0776738956 English - Sinhala 1 1/29/2021 Year / Month Full Name Address NIC NO District Court Tel No Languages 1992 July H.M.D.A. Herath 28, Kolawatta, veyangda 391842205V Gampaha 0332233032 Sinhala - English 2000 June W.A. Somaratna 12, sanasa Square, Gampaha 0332224351 English - Sinhala Gampaha 2004 July kalaichelvi Niranjan 465/1/2, Havelock Road, Colombo English - Tamil Colombo 06 2008 May saroja indrani weeratunga 1E9 ,Jayawardanagama, colombo English - battaramulla Sinhala - 2008 September Saroja Indrani Weeratunga 1/E/9, Jayawadanagama, Colombo Sinhala - English Battaramulla 2011 July P. Maheswaran 41/B, Ammankovil Road, Kalmunai English - Sinhala Kalmunai -2 Tamil - K.O. Nanda Karunanayake 65/2, Church Road, Gampaha 0718433122 Sinhala - English Gampaha 2011 November J.D. Gunarathna "Shantha", Kalutara 0771887585 Sinhala - English Kandawatta,Mulatiyana, Agalawatta. 2 1/29/2021 Year / Month Full Name Address NIC NO District Court Tel No Languages 2012 January B.P. Eranga Nadeshani Maheshika 35, Sri madhananda 855162954V Panadura 0773188790 English - French Mawatha, Panadura 0773188790 Sinhala - 2013 Khan.C.M.S. -
Downloaded from the Website of the Bank ( Or from the Web Site of the CSE (
PROSPECTUS AN INITIAL ISSUE OF UP TO FIFTY MILLION (50,000,000) DEBENTURES OF BASEL III COMPLIANT TIER 2 LISTED RATED UNSECURED SUBORDINATED REDEEMABLE FIVE YEAR DEBENTURES (2021/2026) WITH NON-VIABILITY CONVERSION OF THE PAR VALUE OF SRI LANKAN RUPEES ONE HUNDRED (LKR 100/-) EACH BY SEYLAN BANK PLC WITH AN OPTION TO ISSUE UP TO A FURTHER TEN MILLION (10,000,000) OF THE SAID DEBENTURES IN THE EVENT OF AN OVERSUBSCRIPTION OF THE INITIAL ISSUE TO RAISE UPTO A MAXIMUM OF SIXTY MILLION (60,000,000) OF SAID DEBENTURES IN TOTAL TO BE LISTED ON THE COLOMBO STOCK EXCHANGE Rated “BBB+(lka)” BY FITCH RATINGS LANKA LIMITED ISSUE IS LIMITED FOR “QUALIFIED INVESTORS” AS DEFINED HEREIN ISSUE OPENS ON 05 APRIL 2021 JOINT MANAGERS TO THE ISSUE SEYLAN BANK PLC - DEBENTURE ISSUE 2021 i By acquiring any Debentures, each Debenture Holder who applied for such debentures irrevocably consents to the principal amount of the Debenture and any accrued and unpaid interest thereon being deemed paid in full by the issuance of ordinary voting shares upon occurrence of a Trigger Event and the resulting Non- viability Conversion required to be effected by the the Issuer, Seylan Bank PLC (“The Bank”). Upon a Non-Viability Conversion; i. The Trustee shall not be required to take any further directions from holders/ beneficial owners of the Debentures under the Trust Deed and ii. The Trust Deed shall impose no duties upon the Trustee whatsoever with respect to conversion of the Debentures into ordinary voting shares upon a Trigger Event iii. Upon the occurrence of a Trigger Event, each outstanding Debenture of this issue will be converted, on a full and permanent basis We advise you to read the contents of the Prospectus carefully prior to investment. -
Transitional Justice for Women Ex-Combatants in Sri Lanka
Transitional Justice for Women Ex-Combatants in Sri Lanka Nirekha De Silva Transitional Justice for Women Ex-Combatants in Sri Lanka Copyright© WISCOMP Foundation for Universal Responsibility Of His Holiness The Dalai Lama, New Delhi, India, 2006. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. Published by WISCOMP Foundation for Universal Responsibility Of His Holiness The Dalai Lama Core 4A, UGF, India Habitat Centre Lodhi Road, New Delhi 110 003, India This initiative was made possible by a grant from the Ford Foundation. The views expressed are those of the author. They do not necessarily reflect those of WISCOMP or the Foundation for Universal Responsibility of HH The Dalai Lama, nor are they endorsed by them. 2 Contents Acknowledgements 5 Preface 7 Introduction 9 Methodology 11 List of Abbreviations 13 Civil War in Sri Lanka 14 Army Women 20 LTTE Women 34 Peace and the process of Disarmament, Demobilization and Reintegration 45 Human Needs and Human Rights in Reintegration 55 Psychological Barriers in Reintegration 68 Social Adjustment to Civil Life 81 Available Mechanisms 87 Recommendations 96 Directory of Available Resources 100 • Counselling Centres 100 • Foreign Recruitment 102 • Local Recruitment 132 • Vocational Training 133 • Financial Resources 160 • Non-Government Organizations (NGO’s) 163 Bibliography 199 List of People Interviewed 204 3 4 Acknowledgements I am grateful to Dr. Meenakshi Gopinath and Sumona DasGupta of Women in Security, Conflict Management and Peace (WISCOMP), India, for offering the Scholar for Peace Fellowship in 2005. -
Assessment of Auction Mechanism
Additional Financing of Small and Medium-Sized Enterprises Line of Credit Project (RRP SRI 49273-002) ASSESSMENT OF AUCTION MECHANISM A. Introduction 1. The original project introduced an auction to allocate the funds among the participating banks. The auctions created a framework where banks made a disbursement commitment and incurred a financial penalty if that disbursement was not achieved. 2. The project conducted two auctions. In the first, National Development Bank (NDB) won the entire $12.5 million available. In the second, the funds were evenly divided among three institutions. 3. The project had planned to review the auction mechanism after the second auction, at which time Asian Development Bank (ADB) and the government would decide whether to continue with the auction or to introduce a more conventional allocation system. Following this review, the government requested the latter so that more banks could participate. 4. Although appreciating the government’s reasons for requesting the cancellation, the project team was overall pleased with the auction’s performance, and the objective of this appendix is to capture any lessons that could be applied to future auction systems. B. Lessons 1. Dominance by a Subset of Banks 5. The government was correct that the auction limited participation. After NDB won all the funds during the first auction, ADB and the government agreed to cap the amount any bank could win to a third of available funds. 6. Despite these changes, the bidding pattern of the first two auctions suggested that a subset of banks would dominate the auctions. Indeed, the same four banks finished in the top five of both rounds (Table 1). -
THE CEYLON GOVERNMENT GAZETTE No
THE CEYLON GOVERNMENT GAZETTE No. 10,462 —FRIDAY, OCTOBER 10, 1052 Published by Authority PART VI-LIST OF JURORS AND ASSESSORS (Separate paying is given to each P ait m order that it mat/ be filed separately) MIDLAND CIRCUIT 26 Amaradasa, Balage Wilson, Teamaker, Atta- bagie Group, Gampola CENTRAL PROVINCE— Kandy District 27 Ambalavanar, P., Head Clerk, National Bank of India Ltd , Kandy LIST of persons in the Central Province, residing 28 Am banpola, D. G , Clerk, D R. C., P. W. D., within a line of 30 miles radius from Kandy or 3 miles K a rd y of a Railway Station, who are qualified to serve as 29 Amerasekera, Karunagala Pathiranage Jurors and Assessors at Kandy, under the provision of Suwaris, Teacher, Dharmara.ia College, the Criminal Procedure Code for the year July, 1952, K andy to June, 1953. • 11 30 Amerasekera, Verahennidege Ariya, Man N B.— The Jurors numbered m a separate senes, on ager, Phoenix Studio, Ward Street, the left of those indicating Ordinary Jurors, are qualified K andy to serve as Special Jurors. 12 31 Amerasekera, Alexander Merrill, Superin tendent, Coolbawa, Nawalapitiya 13 32 Amerasekera, Eric Mervyn, Proprietory ENGLISH-SPEAKING JURORS Planter, Rest Harrow, Wattegama I Abdeen, M L. J., Landed Proprietor, 39, 33 Amerasinghe, Arthur Michael Perera, Illawatura, Gampola Superintendent, Pilessa, Mawatagama 1 2 Abdeen, O. Z., Landed Proprietor, • 68/5, 14 34 Amerasinghe, R. M., Teacher, St. Sylvesters Illawatura, Gampola College, Kandy 3 Abdeen, E. S. Z., Head Clerk, 218, Kandy 15 35 Amukotuwa, Nandasoma, Proprietory Road, Gampola Planter, Herondale Estate, Nawalapitiya 2.