Analysis of Financial Performance & Activities

The modern complex economic system cannot function without bank. The banking system has facilitated the personal transactions such as deposit and remittance of money, and lending and borrowing of money. It has made easier to functioning day to day activities.

PERFORMANCE OF BANKING SECTOR
“The banking sector remained stable and its assets expanded while credit growth, which was high in 2011, moderated during 2012. The banking sector continued to maintain its dominant role in the financial sector with its assets increasing from 55.1 per cent of the total assets of the financial sector in 2011 to 56.4 per cent by end 2012.”
(Annual Report – 2012)

INTRODUCTION OF SELECTION COMPANIES
The financial analysis will help to compare the financial performance of the National Development Bank PLC, with Pan Asia Banking Corporation PLC.

NATIONAL DEVELOPMENT BANK PLC
LEGAL FORM
Banking Company incorporated under the Companies Act No 7 of 2007
COMPANY REGISTRATION NO
PQ 27
REGISTERED OFFICE
40, Navam Mawatha, Colombo 2, Sri Lanka
CORPORATE OFFICE
40, Navam Mawatha, Colombo 2, Sri Lanka
STOCK EXCHANGE LISTING
The shares of the Bank were listed on the Colombo Stock Exchange in 1993.
COMPANY SECRETARY
Mrs.Shehani Ranasinghe
AUDITORS
Messrs Ernst & Young

The business and assets of NDB Bank Limited, a banking company incorporated under the Company’s Act No 17 of 1982 which had its principal place of business at No 40, Nawam Mawatha, Colombo 2 was acquired by the National Development Bank PLC on August 1, 2005

PAN ASIA BANKING CORPORATION PLC
LEGAL FORM
A Public Limited Liability Company incorporated in Sri Lanka on 6th March 1995 under the Companies Act No.17 of 1982 and re-registered under the Companies Act No.07 of 2007.A licensed commercial Bank under the Banking Act No.30 of 1988 and listing in the Colombo Stock Exchange.

COMPANY REGISTRATION NO
PQ 48

REGISTERED…