Business
NSB taking the lead to tackle the ‘challenges of our times’

A dawning of a new year is always an occasion for renewed hope, rejuvenating wishes and expectations. For us at NSB, the dawning of year 2022 is ever so special as it marks a significant milestone in our remarkable journey as the premier savings institution of the island as we are poised to commemorate our Golden Jubilee in the new year of 2022.
In retrospect of our journey so far, we can be proud of the achievements of NSB over five decades as a Banking partner for all segments of society. In 2021, the year that we have just bid farewell to, we have put up a record-breaking performance as far as the profit and deposit mobilization are concerned. During the year, we have recorded more than Rs. 192 Bn by way of deposit mobilization, and with a stellar performance of a Profit Before Tax (PBT) of approximately Rs. 25.9 Bn and a Profit After Tax (PAT) of approximately Rs. 20.2 Bn, National Savings Bank (NSB) has showed strength and continuous financial resilience amidst challenges.
We as an institution entering our 50th year of operations, stand tall as the largest and the safest specialized Bank in the country, and is the only such institution in the island backed by 100% explicit Government guarantee. By fostering the savings habit, NSB operates personal wealth creation; and by acting as a financial intermediary on national scale, we productively channel savings into investment for the development of the country’s economy.
Our Mission is to “provide our customers with total financial solutions to optimize their savings and investment needs, while meeting the expectations of all our stakeholders.” As the banking sector becomes more competitive and is faced with unprecedented challenges in the odds presented by the COVID -19 pandemic, it is more essential to remain true to our values and mission.
As the largest and the safest specialized Bank in the country, we take our duty to do everything in our capacity to serve our customers very seriously. Hence, practicing responsible lending, conducting business with fairness, transparency, and integrity; creating meaningful social impact by providing financial inclusion, particularly for the unbanked and the underbanked is at our core, which we will ensure as always in the new year.
As always, the safety and security of our customers’ savings is the bedrock of our institution and the key element of our value proposition, as a Bank specialized in saving. As a result, the Bank has a long-standing culture of operating ethically and with integrity, astute corporate governance, and effective risk management.
We also take pride in announcing that the Bank has been recognized and awarded as the 5th most valuable brand in Sri Lanka by the Brand Finance Lanka Ltd with a brand value of USD 166 Mn. In 2021, NSB was recognized at the Sri Lanka’s first ever gender equality awards as one of the top 10 Women Friendly Workplaces. Moreover, National Savings Bank has also been recognized as one of the 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), which speaks volumes of the value we create and add to the Sri Lankan economy and community.
To foster a savings culture among all Sri Lankans that come from all walks of life, and work towards financial and digital inclusion, we at NSB have focused on strengthening our digital as well as physical footprint. Accordingly, the Bank has increased its branch network to 261 branches along with 292 ATMS and 89 CRMs. Further, we have been able to introduce “NSB Pay” App, a mobile payment system enabling our customers to accomplish their daily banking needs safely and efficiently while enjoying an uninterrupted service during these difficult times.
In retrospect, digitalization is a key focus area on which we have focused in the past year. The demand for digital products and services during the recent years, especially with the pandemic, has acted as a catalyst, driving our digital transformation forward. At NSB, we believe that the promise of digitalization is not about technology for technology’s sake. Even beyond the benefits of streamlining operations, enhancing productivity, and realizing cost efficiencies, we approach digitalization in a way that deeply resonates with our brand: as a tool for financial inclusion, enabling the financial systems and solutions to be more accessible to all and sundry.
Therefore, increased accessibility is at the heart of the digital value proposition that we are building at the Bank- allowing all our stakeholders, no matter what strata or location, to benefit from the rapid technological advances that are underway. Accordingly, in 2022, we will be implementing the new core banking system, with all services reengineered to align with industry requirements and regulatory requirements and pave the way towards a fully automated secure digital platform.
With these steps, together with corresponding internal talent and capacity development, the Bank will be positioned at the forefront of the digital banking space and be able to make the maximum use of our distinctive identity in 2022. As such, 2022, will be a crucial year in taking a leap forward in our Bank’s digital strategy and entering a digital era.
Our staff is an unwavering factor behind every success that we reach, and we will rely on them to drive our success in 2022. We wish to place on record our sincere gratitude to our staff for the teamwork and dedicated service to the Bank throughout, and especially in the last couple of difficult years. And our customers too, have our deepest gratitude for their trust in us notwithstanding the challenges of the COVID 19 pandemic that upended the social, economic climates as never before. Your continued confidence in us reaffirms our sense of purpose. Thus, we will continue to play our part true to our word as the safest place for your money in this new year.
We wish to assure that NSB remains guided by its essential values and mission amidst the changes and challenges presented by the environment, and while the shape of banking will change, our responsibilities and commitment to our purpose will remain unchanged.
Together we have come along way, and the path ahead that we have to traverse together is longer. We live in an era of unprecedented uncertainty owing to a global pandemic that has spared no region, country or individual from its impact. In such a global, financial, societal climate, if we are to forge our way forward in a positive light, it is imperative that we embrace one vision in a collaborative effort.
As we now march forward to our 50th Anniversary in banking, we are confident that all members of “NSB Family” will contribute greatly together, through commitment and dedication to take the Bank forward to the next phase of development and to go forward from strength to strength in serving our customers.
NSB family wishes all our valued customers, other stakeholders, and all Sri Lankans a happy and safe new year in 2022, the year of our Golden Jubilee.
Business
Ranil calls for regionalism amid global shifts

Reiterates the need to integrate with southern India’s rapidly growing economy
At the inaugural session of the Fifth Bay of Bengal Maritime Dialogue held at Cinnamon Grand, Colombo on May 20, former President Ranil Wickremesinghe delivered a compelling speech urging greater regional connectivity, particularly on the western side of the Bay of Bengal, which he said lags behind its eastern counterparts in infrastructure development for regional connectivity.
Hosted by the Pathfinder Foundation, the event brought together diplomats and maritime experts to discuss the geopolitical and economic future of the Bay of Bengal, a region poised to become a global economic powerhouse by 2050.
Wickremesinghe began by highlighting the shifting global trade landscape, referencing U.S. President Donald Trump’s announcement of reciprocal taxes, which he said could disrupt existing trade frameworks.
“Globalisation will not disappear, but it will be affected,” he noted, emphasising the need for stronger regional trade blocs like BIMSTEC and ASEAN to fill the gap.
“The Bay of Bengal was once the heart of global trade and civilisation,” he said, recalling its historical significance in Buddhism, Pali, and Sanskrit traditions.
A key focus of his address was the stark disparity in connectivity between the eastern and western shores of the Bay of Bengal.
“Now, we must revive that spirit of collaboration through infrastructure-driven economic integration,” he noted.
Further speaking he said,” Infrastructure projects, including high-speed rail links have spurred between China, Laos, Thailand, and Myanmar. The India-Myanmar-Thailand rail link and the proposed land bridge from Rangoon to the Gulf of Thailand aim to reduce reliance on the Malacca Strait. However, Sri Lanka, Bangladesh, and India’s eastern seaboard lack comparable infrastructure.”
Wickremesinghe stressed the need for a Bangladesh-West Bengal-Bhutan-Nepal economic corridor and. recalling his constant past stance, Wickremesinghe advocated for a land connection between Sri Lanka and India’s southern states; Tamil Nadu, Andhra Pradesh, and Telangana, which he said could unlock immense economic potential.
“Sri Lanka’s ports, including Trincomalee and a potential new port between Wattala and Ja-Ela, must be integrated with southern India’s rapidly growing economy,” he said. This, he argued, would boost transshipment, apparel exports, and regional trade.
However, he acknowledged political and environmental concerns, urging ‘exhaustive discussions’ before any final decision is made on the land bridge.
With India projected to become the world’s second-largest economy by 2050 and Indonesia the fourth, Wickremesinghe called for accelerated cooperation.
“The Bay of Bengal’s collaborative success story is unfolding. We can choose to be part of it, or build our infrastructure projects separately,” he said.
The Fifth Bay of Bengal Maritime Dialogue continued on Wednesday, with local and foreign experts delving deeper into these pressing regional challenges.
By Sanath Nanayakkare
Business
SriLankan Airlines begins search for new cabin crew talent

SriLankan Airlines has launched a major recruitment drive in search of new cabin crew talent to represent its renowned frontline team, in line with the airline’s expansion plans amid growing passenger volumes and emerging markets. The process began with a public advertisement that drew nearly 12,000 applications. Demonstrating its commitment to transparency in selection, the airline is now inviting shortlisted applicants to take part in the next phase of the recruitment drive, scheduled to take place from 20–23 May 2025 at the Bandaranaike Memorial International Conference Hall (BMICH).
At BMICH, each candidate will undergo a meticulous multi-stage screening process, including document verification such as qualification certificates, an image and presentation assessment and an aptitude interview conducted by a panel of experts. Candidates must successfully complete each stage to proceed to the next. Those who meet the criteria across all stages will be invited for a final, in-depth interview at the airline’s headquarters in Katunayake, after which the final selection will be made on who is cleared for takeoff.
Susan Jacob, Group Head of Human Resources at SriLankan Airlines commented on the talent acquisition process, stating, “We are seeking individuals who embody the spirit of Sri Lanka and are passionate about providing world-class service to our valued passengers. That’s why we follow a transparent and thorough recruitment and selection process, not just to ensure fairness to all hopeful applicants, but also to choose individuals who are truly cut out for the role. Being a cabin crew member remains an aspirational career for many young people, and while it certainly comes with its perks, it is also a demanding job with long hours, which is why each candidate is evaluated across a range of criteria to make sure they have the right attitude and skills to thrive.”
Business
Sri Lanka and China to strengthen bilateral and cultural ties by joining hands to preserve ‘’Cultural Heritage and Tourism ‘’

Two Tourism Promotional strongholds got together, as Sri Lanka Tourism and City Alliance for Maritime Silk Road Heritage Conservation and World Heritage Nomination (CAMSR ) further strengthened their bilateral and cultural ties focusing on Heritage protection and development of Heritage Tourism, at a special ceremony and Forum held at the Radisson Blu Hotel, Galle, on 19th of May 2025.
CAMSR, is an the organization led by China, which is a city alliance comprised of 34 China cities and one Indonesia city, spreading across Guangzhou, Shanghai, Nanjing, Ningbo, Hangzhou, Wenzhou, Chaozhou, Hong Kong, Macau, etc. The CAMSR coordinator office is located in the Guangzhou Municipal Government, and the Guangzhou culture, Radio, Television, and the Tourism Bureau is the responsible government body. The Chinese delegation comprised of Liu Xiaoming Deputy Chief of Guangzhou Municipal Culture, Radio, Television and Tourism Bureau as the head of delegation together with Zheng Xiaolu Division Director , Hu Jianguang Deputy Division Director and Li Minyong , Chief Curator of Guangzhou Nanyue King Museum attended this event.
The event kicked off with a stunning Traditional dance performance which showcased Srilankan cultural elegance. As a VIP speaker, Sampath Nissanka , Managing Director ,Sri Lanka Tourism Promotion Bureau addressed the gathering. He said “This event in Galle underscores the script of our relations that will be crucial for enhancing the full potential of this Initiative. By working together, sharing experiences, and understanding, we can ensure the Maritime Silk Route to become a pipeline for shared prosperity and development of both nations”. He further said,.‘’I strongly believe this initiative will unlock new avenues for tourism, to attract more visitors to Sri Lanka from China, and foster a deep cultural understanding and exchange between our nations’’
Liu Xiao Ming, Chief of Guangzhou Municipal Culture, Radio, Television and Tourism Bureau expressed his thoughts on this initiative and mentioned that he was pleased to have this long standing partnership with Sri Lanka Tourism in promoting Cultural Heritage among 34 cities in China under the CAMSR program and importance of promoting Galle City as a world heritage site accredited by UNESCO.
Waruna de Silva as a Board member of Galle Heritage Foundation, made a descriptive presentation regarding the ancient relationship between China and Sri Lanka and also the significance of the Galle Harbour as a famous trade hub. Out of the seven voyages of Admiral Zheng He visited Sri Lanka in the 14th Century from Yunnan, four visits were to Galle to explore its potential. He mentioned that specifically the Silk Route, which has been a popular pathway used to connect the two countries during the ancient times since 6th century B.C, Sri Lanka had been an important landmark for maritime activities and trading of spices ever since then. Records of Marco Polo and the Chinese Traveler Monk Faxian are examples for Sri Lanka as a popular Maritime destination. Therefore Galle is considered as a living heritage city and is also becoming a famous hub for International festivals such as the Galle Literary Festival
Ruwan Wijerathna, Chairman , Galle Tourism Department also expressed his views at this occasion by elaborating their role as a provincial tourism body in preserving and developing Galle as a Heritage city.
Thereafter the Maritime Silk Road forum was held, moderated by Li Pei Feng, Global Fellow Partner of CAMSR program where questions were posted to the panel comprised of Li Ming Yong Chief of Guangzhou Nan yue kingdom Museum, Ms. Madubhani Perera, Director PR of SLTPB , Dushan Wickramasuriya, Director/Marketing of SLTPB , Prof. Amalka Wijesooriya Senior Lecturer at the History and Archaeology Department of University of Ruhuna, and Mr. Chandrarathna, Chief of the Galle Maritime Museum on the development of maritime and heritage tourism in China and Sri Lanka.
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