ATTN: MR: CHANDIMA UDABAGE

RUNDOWN
THE STATE OF BUSINESS – 12th NOV, 2007

EDUCATION VTR LASHINI 02:39

ADB CARD CHAMI 00:42

FINANCE CARD CHAMI 00:36

NTB CARD ANOUK 00:57

ADD STATE OF BUSINESS BRIDGE

INFLATION VTR RIYAD 02:43

ADD CORPORATE BRIDGE

ABANS VTR ANOUK 00:54

BREAK 2 – ADD STATE OF BUSINESS BRIDGE

STOCK CARDS
CURRENCY CARDS

LINE UP EDITOR ANOUK/NISHANI

ANCHOR ANOUK

HEADLINES
1. AUTHORITIES PLAN ON STRINGENT LAWS TO REGULATE PRIVATE
AND INTERNATIONAL SCHOOLS, AND
2. REFORM THROUGH RESEARCH- ADB TO INVEST IN PROMOTING
REGIONAL ECONOMIC COOPERATION IN SOUTH ASIA
1. EDUCATION – VTR

THE MINISTRY OF EDUCATION IS PLANNING TO BRING IN STRINGENT

LAWS TO REGULATE THE PRIVATE AND INTERNATIONAL SCHOOLS IN
SRI LANKA.

THIS, THE MINISTRY SAYS IS PART OF ITS PLANNED EDUCATION

REFORMS TO BRING IN EQUITY, QUALITY, EFFICIENCY AND GOOD
GOVERNANCE TO THE SYSTEM.

AUTHORITIES ANNOUNCED THESE DETAILS THIS MORNING WHILE

PRESENTING THE PROPOSED FRAMEWORK FOR THE NEW EDUCATION ACT
FOR GENERAL EDUCATION.

ROLL VTR

2. ADB RESEARCH - VTR

THE ASIAN DEVELOPMENT BANK SAYS IT HAS DECIDED TO INVEST

1.2 MILLION DOLLARS TO PROMOTE REGIONAL ECONOMIC
COOPERATION IN SOUTH ASIA BY BOOSTING THE REGION’S RESEARCH
CAPACITY.

ACCORDINGLY THE GRANT WILL GO INTO STRENGTHENING THE

REGION’S RESEARCH INSTITUTES, THINK TANK AND EXPERTS OF
SEVEN COUNTRIES INCLUDING SRI LANKA.

THE ADB FEELS THAT SOUTH ASIAN COUNTRIES POSSESS FAIRLY

WELL DEVELOPED AND ANALYTICALLY ORIENTED RESEARCH
INSTITUTES, THINK TANKS AND EXPERTS.

HOWEVER IT POINTS OUT THAT RESEARCH ACTIVITIES AND THE

DISSEMINATION OF FINDINGS CAN BE FURTHER IMPROVED.

THE GRANT COVERS AREAS SUCH AS CONSULTANCY SERVICES,

REGIONAL CONFERENCES, RESEARCH PROGRAMS AND PUBLICATIONS,
WHICH THE ADB SAYS HELPS MOLD PUBLIC OPINION.

THE PROJECT WILL PROMOTE REGIONAL ECONOMIC COOPERATION IN

SOUTH ASIA THROUGH KNOWLEDGE SHARING, POLICY FORMULATION
AND IMPROVING THE CAPACITY OF RESEARCH INSTITUTES THROUGH
STUDIES AND WORKSHOPS.

READ ON….

3. FINANCE MINISTER – CARD

INDIA SAYS NEGOTIATIONS BETWEEN SRI LANKA AND INDIA ON THE PROPOSED
COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT IS AT AN ADVANCED STAGE
AND IT IS LIKELY THAT A DRAFT AGREEMENT COULD BE REACHED VERY SOON.

INDIAN FINANCE MINISTER P. CHIDAM-BARAM MADE THIS ANNOUNCEMENT

YESTERDAY IN COLOMBO, WHEN HE DELIVERED THE LAKSHMAN KADIRGAMAR
MEMORIAL LECTURE.

HOWEVER THE INDIAN FINANCE MINISTER SAID THAT IN ORDER TO MAKE FULL USE
OF THESE OPPORTUNITIES, SRI LANKA NEEDS TO HAVE AN ENVIRONMENT OF
PEACE, STABILITY AND SECURITY.

CHIDAMBARAM SAID INDIA IS COMMITTED TO THE UNITY, SOVEREIGNTY AND

TERRITORIAL INTEGRITY OF SRI LANKA BUT EMPHASIZED THAT THE ETHNIC
CONFLICT IN SRI LANKA SHOULD BE RESOLVED THROUGH A NEGOTIATED POLITICAL
SETTLEMENT.

HE ADDED THAT QUOTE “PEACE MUST BE FORGED AT THE NEGOTIATING TABLE AND
THE PEACE AGREEMENT MUST WIN A VOTE OF CONFIDENCE FROM THE PEOPLE”
UNQUOTE.

READ ON

4. NTB

NATIONS TRUST BANK PLC ANNOUNCED THAT THEY HAD CONTINUED

THEIR EXCELLENT GROWTH MOMENTUM FOR THE NINE MONTHS ENDED
30TH SEPTEMBER 2007 WITH A PROFIT AFTER TAX OF 353.3 MILLION
RUPEES.

THE BANK SAYS THIS WAS IN EXCESS OF THE 2006 FULL YEAR
RESULT OF 323.3 MILLION RUPEES.

IT SAYS THE BALANCE SHEET TOO GREW QUITE SATISFACTORILY

WITH DEPOSITS AT 27.5 BILLION RUPEES, AN INCREASE OF 32%.
INCOME GREW BY 28% TO 2416.6 MILLION RUPEES, WITH NET
INTEREST INCOME RISING TO 1523.7 MILLION RUPEES, UP BY 22%.
NON-INTEREST INCOME RECORDED A GROWTH OF 40% WITH
CONTRIBUTIONS MAINLY FROM THE CREDIT CARD BUSINESS AND
FOREIGN EXCHANGE.

COSTS INCREASED BY 25% MAINLY DUE TO INCREASED VOLUMES AND

TO INFLATIONARY PRESSURES WHILE PROVISIONS FOR BAD AND
DOUBTFUL DEBTS WAS RESTRICTED TO A 2% INCREASE AT 152
MILLION RUPEES.

THE BANK SAYS ITS GROSS NON-PERFORMING RATIO STOOD AT

3.95%, PROBABLY AMONG THE BEST IN THE BANKING INDUSTRY IN
SRI LANKA.
READ ON…
BREAK

5. INFLATION AND GROWTH

OVER THE PAST 2 YEARS, THE SRI LANKAN ECONOMY MANAGED TO

POST HEALTHY GDP GROWTH, WHICH WAS DERIVED FROM NEARLY ALL
SECTORS OF THE ECONOMY.

BUT SRI LANKA’S ROBUST GROWTH CAME WITH A PRICE AS IT WAS

ACCOMPANIED BY DOUBLE DIGIT INFLATION, PUSHING DAY TO DAY
ESSENTIALS OUT OF THE COMMON MAN’S REACH.

SRI LANKA’S GROWTH AND INFLATION WERE AMONG THE SUBJECTS

THAT WERE TAKEN UP FOR DISCUSSION BY AJITH NIVARD CABRAAL,
GOVERNOR OF THE CENTRAL BANK AT A POST BUDGET REVIEW
SEMINAR ORGANIZED BY KPMG FORD, RHODES, THORNTON & COMPANY
RECENTLY.

ROLL VTR

6. CORPORATE- ABANS

THE NEXT@ABANS TECHNO SHOW KICKED OFF RECENTLY AT THE GRAND

BALLROOM OF THE HOTEL GALADARI WHERE SEVERAL OF THE LATEST
I.T. PRODUCTS WERE UNVEILED.
IT WAS ATTENDED BY A LARGE NUMBER OF CONSUMERS AND INVITEES.

ROLL VTR

BREAK

7. STOX

THE MARKET OPENED THE WEEK TO A DAY OF LOW ACTIVITY AND

ENDED WITH BOTH INDICES POSITIVE.

CEYLON GLASS TRADED THE HIGHEST VOLUME OF 3.06 MILLION

SHARES FOR THE DAY. NTB WAS NEXT IN LINE WITH 800,000
SHARES FOLLOWED BY PELAWATTE WHICH TRADED 580,000 SHARES.

NTB PUMPED IN THE MAJOR SHARE TO TURN OVER WHICH AMOUNTED

TO 30.45 MILLION WHILE PELAWATTE AND MALWATTE FOLLOWED.

THERE WERE NO CROSSINGS TODAY.

THE ALL SHARE GAINED 11.97 POINTS TO END THE DAY AT

2,631.43 WHILE THE MILANKA PICKED UP 6.15 POINTS TO CLOSE
AT 3,521.71

THE DAY’S TURN OVER WAS AT 186.6 MILLION RUPEES

LEADING THE DAY’S GAINERS WERE BROWNS, BUKIT DARAH, EQUITY,

GOOD HOPE AND C W MACKIE AND COMPANY WHILE AUTODROME, TRANS
ASIA, E-CHANNELING, CONAISSANCE AND TAJ LANKA HEADED THE
LOSERS

DIVIDEND ANNOUNCEMENTS FOR THE DAY CAME FROM CEYLON TOBACCO

AND JOHN KEELS HOLDINGS PLC

FOREX RATES
SEGMENT: MAIN
DATE: 12TH NOV 07
REPORTER: ANOUK
SLUG: ABANS

THE NEXT@ABANS TECHNO SHOW KICKED OFF RECENTLY AT THE GRAND

BALLROOM OF THE HOTEL GALADARI WHERE SEVERAL OF THE LATEST
I.T. PRODUCTS WERE UNVEILED.

IT WAS ATTENDED BY A LARGE NUMBER OF CONSUMERS AND INVITEES.

ROLL VTR

INFOTAG

‘NEXXT@ABANS TECHNO SHOW’

VOICE OVER/ 12TH NOV 07/ ABANS/ ANOUK

NEXT@ABANS ASSURES CUSTOMERS OF GENUINE BRANDS AND PRODUCTS

BACKED BY EXCELLENT AFTER-SALES SERVICE AND AVAILABILITY OF
SPARE PARTS.

WORLD RENOWN BRANDS IN LAPTOPS, DESKTOPS AND ACCESSORIES

SUCH AS LG, HP, MICROSOFT, IBM AND TOSHIBA JUST TO NAME A
FEW WHICH ARE SOLD AT NEXT@ABANS WERE ON DISPLAY AT THE
TEHNO SHOW HELD RECENTLY.

THE SHOW ALSO SAW THE UNVEILING OF THE LG PIANO LAPTOP, THE
LG CORE2 QUAD WITH FINGERPRINT READER AND THE PANASONIC
WIRELESS MULTIMEDIA PROJECTOR AMONG OTHERS.

NEXT@ABANS IS A MEMBER OF THE ABANS GROUP OF COMPANIES, A

HOUSEHOLD NAME IN SRI LANKA AND A MARKER LEADER IN ELECTRIC
AND ELECTRONIC HOME APPLIANCES.

ENDS/
SEGMENT: MAIN
DATE: 12 / 11/2007
REPORTER: CHAMINDA
SLUG: ADB RESEARCH - VTR

THE ASIAN DEVELOPMENT BANK SAYS IT HAS DECIDED TO INVEST

1.2 MILLION DOLLARS TO PROMOTE REGIONAL ECONOMIC
COOPERATION IN SOUTH ASIA BY BOOSTING THE REGION’S RESEARCH
CAPACITY.

CARD IN

ACCORDINGLY THE GRANT WILL GO INTO STRENGTHENING THE

REGION’S RESEARCH INSTITUTES, THINK TANK AND EXPERTS OF
SEVEN COUNTRIES INCLUDING SRI LANKA.

THE ADB FEELS THAT SOUTH ASIAN COUNTRIES POSSESS FAIRLY

WELL DEVELOPED AND ANALYTICALLY ORIENTED RESEARCH
INSTITUTES, THINK TANKS AND EXPERTS.

HOWEVER IT POINTS OUT THAT RESEARCH ACTIVITIES AND THE

DISSEMINATION OF FINDINGS CAN BE FURTHER IMPROVED.

THE GRANT COVERS AREAS SUCH AS CONSULTANCY SERVICES,

REGIONAL CONFERENCES, RESEARCH PROGRAMS AND PUBLICATIONS,
WHICH THE ADB SAYS HELPS MOLD PUBLIC OPINION.

CARD OUT

THE PROJECT WILL PROMOTE REGIONAL ECONOMIC COOPERATION IN

SOUTH ASIA THROUGH KNOWLEDGE SHARING, POLICY FORMULATION
AND IMPROVING THE CAPACITY OF RESEARCH INSTITUTES THROUGH
STUDIES AND WORKSHOPS.

READ ON….

- ADB allocates $ 1.1 Mn to boost research capacity in

the South Asian region
- Research institutes, think tanks and experts will
benefit
SEGMENT: MAIN
DATE: 12TH NOVEMBER 2007
REPORTER: RIYAD R.
EDITOR: ANOUK T.
SLUG: INFLATION AND GROWTH

OVER THE PAST 2 YEARS, THE SRI LANKAN ECONOMY MANAGED TO

POST HEALTHY GDP GROWTH, WHICH WAS DERIVED FROM NEARLY ALL
SECTORS OF THE ECONOMY.

BUT SRI LANKA’S ROBUST GROWTH CAME WITH A PRICE AS IT WAS

ACCOMPANIED BY DOUBLE DIGIT INFLATION, PUSHING DAY TO DAY
ESSENTIALS OUT OF THE COMMON MAN’S REACH.

SRI LANKA’S GROWTH AND INFLATION WERE AMONG THE SUBJECTS

THAT WERE TAKEN UP FOR DISCUSSION BY AJITH NIVARD CABRAAL,
GOVERNOR OF THE CENTRAL BANK AT A POST BUDGET REVIEW
SEMINAR ORGANIZED BY KPMG FORD, RHODES, THORNTON & COMPANY
RECENTLY.

ROLL VTR
Super

Ajith Nivard Cabraal

Governor
Central Bank of Sri Lanka
VOICE OVER / INFLATION AND GROWTH / RIYAD / 12TH NOVEMBER
2007 / VTR

DESPITE THE CRUDE OIL PRICE SHOCKS, DROUGHTS AND NATURAL

DISASTERS, OVER THE PAST 2 YEARS SRI LANKA’S ECONOMY HAS
EXPERIENCED A RENAISSANCE AND SHIFTED GEARS TO ACHIEVE 6.2%
AND 7.4% GROWTH IN 2005 AND 2006 RESPECTIVELY.

8.09 AJITH
OUR REAL GDP GROWTH RATES DOES QUITE WELL WITH THE REGION,
WITH INDIA, BANGLADESH, PAKISTAN NEPAL WE ARE AHEAD OTHER
THAN INDIA 8.19 THE OTHER COUNTRIES WE ARE AHEAD 8.23.

BUT IN CONTRAST TO THE GOVERNOR’S CLAIMS SRI LANKA HAS IN

FACT BEEN BEHIND SOME OF THE OTHER ECONOMIES IN SOUTH ASIA
AS SRI LANKA REVISED ITS GROWTH ESTIMATES FROM 7.5% TO 6.7%
FOR THE YEAR 2007.

CARD IN

THE RESPECTIVE CENTRAL BANKS OF INDIA, PAKISTAN AND

BANGLADESH HAVE ESTIMATED THEIR GDP GROWTH TO BE AT 8.5%,
7.2% AND 7% FOR 2007.

IN ADDITION TO THIS MOST OF SOUTH ASIA ACHIEVED HIGH

ECONOMIC GROWTH WITHOUT THE WORRIES OF HIGH INFLATION.

MUCH OF SRI LANKA’S ECONOMY GREW DUE TO THE CREDIT

EXPANSION IN THE ECONOMY AND NOT THROUGH PRODUCTIVITY,
WHICH INCREASED MONEY SUPPLY, RESULTING IN DOUBLE DIGIT
INFLATION FOR NEARLY 3 YEARS.

IN SRI LANKA THE ANNUAL MOVING AVERAGE OF INFLATION WAS AT

17.7% FOR THE MONTH OF OCTOBER 2007, WHILST THE ANNUAL
AVERAGE INFLATION IN INDIA WAS ONLY 3.06%, WHILST IN
PAKISTAN IT WAS 7.9% AND IN BANGLADESH 9.6%.

17.10 AJITH
INFLATION HAS BEEN HIGH, BUT THE STEPS THAT HAVE BEEN TAKEN
BY THE GOVT. AND THE CENTRAL BANK WILL BE TAKING EFFECT AND
THE IMPACT OF THAT WILL BE FELT BY EVERYONE IN THE NEXT FEW
MONTHS AND YOU HAVE ALREADY FELT THAT, BECAUSE INTEREST
RATES HAVE BEEN HIGH AND THAT HAS HAD AN DAMPER AND
SOMETIMES GROWTH THAT WE ENVISAGED OF 7.5% MAY HAVE BEEN
ACHIEVED AS A RESULT OF THE MEASURES TAKEN BY THE CB TO
KEEP INTEREST RATES BY THE CB 17.44 BUT NEVER THE LESS WE
HAVE TO WALK THAT TIGHT ROPE AND THAT WE DON’T KILL THE
GROWTH AND AT THE SAME TIME GET INFLATION OUT OF CONTROL
17.56

ENDS/

CARD
SEGMENT: MAIN

DATE: 12 / 11 / 2007

REPORTER: CHAMINDA

SLUG: FINANCE MINISTER – CARD

INDIA SAYS NEGOTIATIONS BETWEEN SRI LANKA AND INDIA ON THE PROPOSED
COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT IS AT AN ADVANCED STAGE
AND IT IS LIKELY THAT A DRAFT AGREEMENT COULD BE REACHED VERY SOON.

INDIAN FINANCE MINISTER P. CHIDAM-BARAM MADE THIS ANNOUNCEMENT

YESTERDAY IN COLOMBO, WHEN HE DELIVERED THE LAKSHMAN KADIRGAMAR
MEMORIAL LECTURE.

CARD IN

HOWEVER THE INDIAN FINANCE MINISTER SAID THAT IN ORDER TO MAKE FULL USE
OF THESE OPPORTUNITIES, SRI LANKA NEEDS TO HAVE AN ENVIRONMENT OF
PEACE, STABILITY AND SECURITY.

CHIDAMBARAM SAID INDIA IS COMMITTED TO THE UNITY, SOVEREIGNTY AND

TERRITORIAL INTEGRITY OF SRI LANKA BUT EMPHASIZED THAT THE ETHNIC
CONFLICT IN SRI LANKA SHOULD BE RESOLVED THROUGH A NEGOTIATED POLITICAL
SETTLEMENT.

CARD OUT

HE ADDED THAT QUOTE “PEACE MUST BE FORGED AT THE NEGOTIATING TABLE AND
THE PEACE AGREEMENT MUST WIN A VOTE OF CONFIDENCE FROM THE PEOPLE”
UNQUOTE.

READ ON

“INDIA WELCOMES THE NEW MODEL OF PARTNERSHIP EMERGING

BETWEEN INDIA AND SRI LANKA THAT IS BASED ON A HEALTHY TWO-
WAY MOVEMENT OF GOODS, SERVICES AND CAPITAL”-

P. CHIDAMBARAM
SEGMENT : MAIN
DATE : 12/11/07
REPORTER : LASHINI
SLUG : EDUCATION – VTR

THE MINISTRY OF EDUCATION IS PLANNING TO BRING IN STRINGENT

LAWS TO REGULATE THE PRIVATE AND INTERNATIONAL SCHOOLS IN
SRI LANKA.

THIS, THE MINISTRY SAYS IS PART OF ITS PLANNED EDUCATION

REFORMS TO BRING IN EQUITY, QUALITY, EFFICIENCY AND GOOD
GOVERNANCE TO THE SYSTEM.

AUTHORITIES ANNOUNCED THESE DETAILS THIS MORNING WHILE

PRESENTING THE PROPOSED FRAMEWORK FOR THE NEW EDUCATION ACT
FOR GENERAL EDUCATION.

ROLL VTR

SUPERS:

Susil Premajayantha
Minister of Education

Dr. G. B. Gunawardena
Chairman
National Committee on New Education Act

Info Tags:

‘New Education Act’

Will be finalized in about 1 year – Minister

The proposals are open for discussion

VOICE OVER – LASHINI – 12/11/07 – EDUCATION – VTR

AS OF NOW THE LOCAL GENERAL EDUCATION SECTOR IS GOVERNED BY

THE EDUCATION ORDINANCE NUMBER 31 OF 1939 WHICH ACCORDING
TO THE MINISTER OF EDUCATION IS OBSOLETE.

EDUCATIONISTS THEREFORE EMPHASIZE THE DIRE NEED TO BRING IN

REFORMS TO THE GENERAL EDUCATION SYSTEM IN THE COUNTRY.

ONE SUGGESTION BROUGHT BY THE PROPOSED REFORMS IS THE

ESTABLISHMENT OF SEPARATE PRIMARY AND SECONDARY SCHOOLS.

34:10
IT HAS BEEN PROPOSED THAT PRIMARY SCHOOLS FOR GRADES 1 TO 5
BE ESTABLISHED AND SEPARATE SCHOOLS WILL PROVIDE SECONDARY
EDUCATION.
34:29

THE GOVERNMENT IS ALSO LOOKING TO BRING IN LAWS TO REGULATE

THE PRIVATE AND INTERNATIONAL SCHOOLS OPERATING IN THE
COUNTRY.

CURRENTLY THERE ARE AROUND 36 REGULATED AND ANOTHER 36 NON

REGULATED PRIVATE SCHOOLS IN SRI LANKA.

STATISTICS SHOW THAT BY YEAR 2004 SRI LANKA HAD 121

INTERNATIONAL SCHOOLS AND THE NUMBER HAS INCREASED
SIGNIFICANTLY SINCE THEN.

40:09
TO MY KNOWLEDGE, COUNTRIES LIKE USA AND JAPAN ALLOW
ESTABLISHMENT OF PRIVATE SCHOOLS ON THE GROUNDS THAT THEY
WILL OPERATE AS NON PROFIT VENTURES. ALSO THOSE SCHOOLS ARE
SUBJECTED TO REGULATIONS ON THE FOUR AREAS OF ENROLLING
STUDENTS, APPOINTING TEACHERS, THE CURRICULUM, MAINTAINING
STANDARDS.
40:49
40:55
BUT TODAY (IN SRI LANKA) THESE SCHOOLS ARE NOT SUBJECTED TO
SUCH REGULATION AND OPERATE AS BUSINESSES.
41:13

SPEAKING ON THE MUCH DEBATED ISSUE OF THE MEDIUM OF

TEACHING DR. GUNAWARDANA POINTED OUT THAT FOLLOWING
EXTENSIVE RESEARCH THE UNESCO ENDORSES PRIMARY EDUCATION IN
THE MOTHER TONGUE.
ENDS.
STOX

THE MARKET OPENED THE WEEK TO A DAY OF LOW ACTIVITY AND

ENDED WITH BOTH INDICES POSITIVE.

CEYLON GLASS TRADED THE HIGHEST VOLUME OF 3.06 MILLION

SHARES FOR THE DAY. NTB WAS NEXT IN LINE WITH 800,000
SHARES FOLLOWED BY PELAWATTE WHICH TRADED 580,000 SHARES.

NTB PUMPED IN THE MAJOR SHARE TO TURN OVER WHICH AMOUNTED

TO 30.45 MILLION WHILE PELAWATTE AND MALWATTE FOLLOWED.

THERE WERE NO CROSSINGS TODAY.

CARD 1
THE ALL SHARE GAINED 11.97 POINTS TO END THE DAY AT
2,631.43 WHILE THE MILANKA PICKED UP 6.15 POINTS TO CLOSE
AT 3,521.71

THE DAY’S TURN OVER WAS AT 186.6 MILLION RUPEES

CARD 2
LEADING THE DAY’S GAINERS WERE BROWNS, BUKIT DARAH, EQUITY,
GOOD HOPE AND C W MACKIE AND COMPANY

CARD 3
WHILE AUTODROME, TRANS ASIA, E-CHANNELING, CONAISSANCE AND
TAJ LANKA HEADED THE LOSERS

CARD 4
DIVIDEND ANNOUNCEMENTS FOR THE DAY CAME FROM CEYLON TOBACCO
AND JOHN KEELS HOLDINGS PLC

FOREX RATES
CARD 5
CARD 6
SEGMENT: MAIN
DATE: 12TH NOV 07
REPORTER: ANOUK
SLUG: NTB

NATIONS TRUST BANK PLC ANNOUNCED THAT THEY HAD CONTINUED

THEIR EXCELLENT GROWTH MOMENTUM FOR THE NINE MONTHS ENDED
30TH SEPTEMBER 2007 WITH A PROFIT AFTER TAX OF 353.3 MILLION
RUPEES.
CARD 1
THE BANK SAYS THIS WAS IN EXCESS OF THE 2006 FULL YEAR
RESULT OF 323.3 MILLION RUPEES.

IT SAYS THE BALANCE SHEET TOO GREW QUITE SATISFACTORILY

WITH DEPOSITS AT 27.5 BILLION RUPEES, AN INCREASE OF 32%.
CARD 2
INCOME GREW BY 28% TO 2416.6 MILLION RUPEES, WITH NET
INTEREST INCOME RISING TO 1523.7 MILLION RUPEES, UP BY 22%.
NON-INTEREST INCOME RECORDED A GROWTH OF 40% WITH
CONTRIBUTIONS MAINLY FROM THE CREDIT CARD BUSINESS AND
FOREIGN EXCHANGE.
CARD 3
COSTS INCREASED BY 25% MAINLY DUE TO INCREASED VOLUMES AND
TO INFLATIONARY PRESSURES WHILE PROVISIONS FOR BAD AND
DOUBTFUL DEBTS WAS RESTRICTED TO A 2% INCREASE AT 152
MILLION RUPEES.
CARD OUT
THE BANK SAYS ITS GROSS NON-PERFORMING RATIO STOOD AT
3.95%, PROBABLY AMONG THE BEST IN THE BANKING INDUSTRY IN
SRI LANKA.

READ ON…
 CARD 1
NATIONS TRUST BANK PLC CONTINUES EXCELLENT GROWTH MOMENTUM-
DEPOSITS INCREASE BY 32% FOR NINE MONTHS ENDED 30TH SEP 07

CARD 2
NATIONS TRUST BANK PLC CONTINUES EXCELLENT GROWTH MOMENTUM-
INCOME GROWS BY 28% FOR NINE MONTHS ENDED 30TH SEP 07

CARD 3
NTB COSTS INCREASE BY 25% FOR NINE MONTHS ENDED 30TH SEP 07