S A M PAT H

SIMPLIFIED

Sampath Bank PLC

Annual Report 2018
Read this Report Online
www.sampath.lk
 S A M PAT H
SIMPLIFIED
);Ѵ1ol;|o|_;‰ouѴ7o="-lr-|_"blrѴbC;7ĺˆ;u|_;Ѵ-v|=;‰‹;-uv‰;Ľˆ;0;;m
v|u-|;]b1-ѴѴ‹u;Ŋv_-rbm]‹o†u-mhķѴoohbm]-|o†uv‹v|;lv-m7ruo1;vv;vbmm;‰‰-‹v
-m77;ˆ;Ѵorbm]vblrѴ;uķvl-u|;u‰-‹vo=‰ouhbm]|_-|‰bѴѴ†mѴo1ho†uo‰mro|;mঞ-Ѵ|o
v;uˆ;‹o†Ŋo†uv|-h;_oѴ7;uķl†1_ķl†1_0;‚;uĺ);Ľu;;Š-lbmbm]_o‰‰;1-mbm1u;-v;
]uo‰|_bmh;‹-u;-vѴbh;l-uh;|v_-u;ķm;|‰ouh-m7u;ˆ;m†;ĸ7;Ѵbˆ;ubm]0;‚;uķ=-v|;u
-m7lou;;1omolb1-Ѵruo1;vv;v‰_bѴ;u;7†1bm]1ov|v-m7l-m-]bm]ubvh-|;ˆ;u‹Ѵ;ˆ;Ѵ
o=or;u-ঞomvĺ

"o‰_;m;ˆ;u‹o†1oll†mb1-|;‰b|_†vķ‹o†‰bѴѴv;;_o‰‰;0;]bm-m7;m7;ˆ;u‹
|u-mv-1ঞom‰b|_1_;;u=†Ѵrovbঞˆb|‹-m7_o‰ķbm-‰ouѴ7|_-|bvbm1u;-vbm]Ѵ‹=-v|Ŋ
r-1;7-m7bvoѴ-ঞm]ķ‰;Ľu;0ubm]bm]‹o†|_;_b]_;v|v|-m7-u7vo=ruo7†1|-m7v;uˆb1;
;Š1;ѴѴ;m1;ķ7;Ѵbˆ;u;7‰b|_|_;=ub;m7Ѵ‹"-lr-|_"lbѴ;ĺ

$_-|Ľv‰_‹|_bvu;rou|bv-ѴѴ-0o†|‰_-|‰;Ľu;7obm]|or†|-vlbѴ;om|_;=-1;o=;ˆ;u‹
v|-h;_oѴ7;u‰;v;uˆ;Ŋ|_uo†]_|_;ru;1bvbomķvr;;7-m7;-v;o="-lr-|_"blrѴbC;7ĺ
CONTENTS
!;rou|uoCѴ;3
-|;ub-Ѵ$orb1v4
bm-m1b-Ѵb]_Ѵb]_|v6
omŊ bm-m1b-Ѵb]_Ѵb]_|v8
u;;m!;1o]mbঞom10

1
INTRODUCTORY INFORMATION

†u(bvbom-m7(-Ѵ†;v12
0o†||_;-mh13
uo7†1|ouoѴbo14
2
MANAGING OUR BUSINESS

_-bul-mĽv;vv-];30
-m-]bm] bu;1|ouĽv!;ˆb;‰34
†u(-Ѵ†;u;-ঞm]†vbm;vvo7;Ѵ38
3
MANAGEMENT DISCUSSION &
ANALYSIS
r;u-ঞm]mˆbuoml;m|50

CAPITAL MANAGEMENT REPORTS

o-u7o= bu;1|ouv 16 "|u-|;]b1"†v|-bm-0bѴb|‹ u-l;‰ouh40 bm-m1b-Ѵ-rb|-Ѵ54
ourou-|;-m-];l;m|22 "|-h;_oѴ7;um]-];l;m|45 -m†=-1|†u;7-rb|-Ѵ58
_b;=-m-];uv24 m|;ѴѴ;1|†-Ѵ-rb|-Ѵ62
";mbou-m-];uv26 †l-m-rb|-Ѵ64
"o1b-Ѵ-m7!;Ѵ-ঞomv_br-rb|-Ѵ74
†v|ol;u74
oll†mb|‹78
"†rrѴb;u83
-|†u-Ѵ-rb|-Ѵ84
$u-7;Ŋo@0;|‰;;m-rb|-Ѵv90

BUSINESS REPORTS
omv†l;u-mhbm]92
ourou-|;-mhbm]96
"-mhbm]98
Ѵo0-Ѵ-mhbm]99
ov|uo11o†m|vķouu;vrom7;m|-mhv-m7
Š1_-m];olr-mb;v101
$u;-v†u‹102
r;u-ঞom-Ѵ"†rrou|103
;u=oul-m1;o="†0vb7b-ub;v104
mˆ;v|oum=oul-ঞom105

4
RISK & GOVERNANCE

!bvh-m-];l;m|!;rou|116
olrѴb-m1;122
ourou-|;oˆ;um-m1;123
5
FINANCIAL INFORMATION

bm-m1b-Ѵ-Ѵ;m7-u186
mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom
|_;@-buvo=|_;olr-m‹187
6
SUPPLEMENTARY INFORMATION

"|-|;l;m|o=uoC|ouovvbm&"Ū358
"|-|;l;m|o=olru;_;mvbˆ;
m1ol;bm&"Ū359
o-u7†7b|ollb‚;;!;rou|176 bu;1|ouvĽm|;u;v|bmom|u-1|v "|-|;l;m|o= bm-m1b-Ѵovbঞombm&"Ū360
‰b|_|_;-mh196 1omolb1(-Ѵ†;77bঞom361
o-u7†l-m!;vo†u1;v-m7!;l†m;u-ঞom
ollb‚;;!;rou|179 bu;1|ouvĽ"|-|;l;m|omm|;um-Ѵom|uoѴoˆ;u $;m+;-uv-|-Ѵ-m1;362
bm-m1b-Ѵ!;rouঞm]197
o-u7olbm-ঞomollb‚;;!;rou|181 †-u|;uѴ‹"|-ঞvঞ1v363
m7;r;m7;m|vv†u-m1;!;rou||o|_;o-u7
o-u7m|;]u-|;7!bvh-m-];l;m| o= bu;1|ouvo="-lr-|_-mh199 -rb|-Ѵ7;t†-1‹365
ollb‚;;!;rou|182 !om|;m|m7;Š375
-m-]bm] bu;1|ouĽv-m7uo†r_b;= bm-m1b-Ѵ
o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ L1;uĽv!;vromvb0bѴb|‹"|-|;l;m|200 m7;r;m7;m|vv†u-m1;!;rou||o|_;
ollb‚;;!;rou|184 "_-u;_oѴ7;uvo="-lr-|_-mh381
"|-|;l;m|o= bu;1|ouvĽ!;vromvb0bѴb|‹=ou
bm-m1b-Ѵ!;rouঞm]201 Ѵovv-u‹o= bm-m1b-Ѵ-m7-mhbm]$;ulv382
m7;r;m7;m|†7b|ouĽv!;rou||o|_; oঞ1;o=mm†-Ѵ;m;u-Ѵ;;ঞm]386
"_-u;_oѴ7;uvo="-lr-|_-mh203 "|-h;_oѴ7;u ;;70-1h oul387
"|-|;l;m|o=uoC|ouovv206 ourou-|;m=oul-ঞomIBC
"|-|;l;m|o=olru;_;mvbˆ;m1ol;207
"|-|;l;m|o= bm-m1b-Ѵovbঞom208
"|-|;l;m|o=-v_ Ѵo‰v210
"|-|;l;m|o=_-m];vmt†b|‹212
o|;v|o|_; bm-m1b-Ѵ"|-|;l;m|v214
REPORT PROFILE

$_;r†urov;o=|_bvm|;]u-|;7mm†-Ѵ Reporting Frameworks GRIƐƏƑŊƐƑķƔƓ

!;rou|ƑƏƐѶbv|oo@;u-m-11†u-|;
-vv;vvl;m|o=|_;-mhĽvom]obm] m|;]u-|;7 Ŏ $_;m|;um-ঞom-Ѵm|;]u-|;7!;rouঞm] u-l;‰ouho=|_;
;@ou|v|o1u;-|;v†v|-bm-0Ѵ;ˆ-Ѵ†;=ou-ѴѴ !;rouঞm] m|;um-ঞom-Ѵm|;]u-|;7!;rouঞm]o†m1bѴŐ!ő
v|-h;_oѴ7;uvĺm|_;bm|;u;v|o=ruoˆb7bm] "†v|-bm-0bѴb|‹ Ŏ Ѵo0-Ѵ!;rouঞm]mbঞ-ঞˆ;Ő!őv|-m7-u7vŋľm11ou7-m1;
-ѴѴu;Ѵ;ˆ-m|bm=oul-ঞom-v1Ѵ;-uѴ‹-m7 !;rouঞm] olru;_;mvbˆ;Ŀķbvv†;70‹Ѵo0-Ѵ"†v|-bm-0bѴb|‹"|-m7-u7v
1om1bv;Ѵ‹-vrovvb0Ѵ;ķ|_bvu;rou|_-v o-u7
0;;mru;r-u;7bm-11ou7-m1;‰b|_|_;
Ŏ †b7-m1;om"!;rouঞm]0‹|_;oѴol0o"|o1hŠ1_-m];
ľ"bŠ-rb|-ѴvĿ!;rouঞm] u-l;‰ouh
Ő"ő
ruol†Ѵ]-|;70‹|_;m|;um-ঞom-Ѵ
m|;]u-|;7!;rouঞm]o†m1bѴŐ!őĺ Ŏ &mb|;7-ঞomv"†v|-bm-0bѴb|‹ ;ˆ;Ѵorl;m|o-ѴvŐ" vő
bm-m1b-Ѵ Ŏ "ub-mh-11o†mঞm]"|-m7-u7vbvv†;70‹|_;mvঞ|†|;o=
Scope and Boundary GRIƐƏƑŊƓѵķƔƏķƔƑ
!;rouঞm] _-u|;u;711o†m|-m|vo="ub-mh-
$_;u;rou|ruoˆb7;vl-|;ub-Ѵbm=oul-ঞom
Ŏ olr-mb;v1|oĺƏƕo=ƑƏƏƕ
u;Ѵ-ঞm]|o|_;-mhĽvv|u-|;]‹-m7
0†vbm;vvlo7;Ѵķor;u-ঞm]1om|;Š|ķ Ŏ -mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕ
l-|;ub-Ѵubvhvķv|-h;_oѴ7;ubm|;u;v|vķ oˆ;um-m1;ķ Ŏ o7;o=;v|u-1ঞ1;=ouourou-|;oˆ;um-m1;bvv†;70‹|_;
r;u=oul-m1;-m7ruovr;1|vķ-v‰;ѴѴ olrѴb-m1;-m7 mvঞ|†|;o=_-u|;u;711o†m|-m|vo="ub-mh-
-v]oˆ;um-m1;-m7ubvhl-m-];l;m| !bvh!;rouঞm]
=u-l;‰ouhv=ou|_;r;ubo7Ɛv|-m†-u‹ Ŏ -mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕomourou-|;
ƑƏƐѶ|oƒƐv| ;1;l0;uƑƏƐѶĺ oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvbm"ub-mh-ķbvv†;7
0‹|_;;m|u-Ѵ-mho="ub-mh--m7-m‹-l;m7l;m|v|_;u;|o
Ѵvobm1Ѵ†7;7bm|_;u;rou|bv-v†ll-u‹ Ŏ -mhbm]1| bu;1ঞomoĺƏƐo=ƑƏƐѵom-rb|-Ѵ!;t†bu;l;m|v
o=|_;r;u=oul-m1;o=|_;=o†u †m7;u"
v†0vb7b-ub;v†m7;u|_;"-lr-|_uo†rĺ
Ŏ bvঞm]!†Ѵ;vo=|_;oѴol0o"|o1hŠ1_-m];Ő"ő
ѴѴ;1omolb1ķ;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ Ŏ olr-mb;v1|oĺƏƕo=ƑƏƏƕ
bm=oul-ঞombm1Ѵ†7;7bm|_bvu;rou|bv
0-v;7om|_;rubm1brѴ;o=l-|;ub-Ѵb|‹ķ Assurance GRIƐƏƑŊƔѵ 7bv1†vv;7bm|_;v;ľ=ou‰-u7ŊѴoohbm]Ŀ
‰_b1__-v0;;m7bv1†vv;7=†u|_;uom v|-|;l;m|v-u;v†0f;1||o†m=ou;v;;m
"-lr-|_-mh=oѴѴo‰v-1ol0bm;7
r-];vƓ-m7Ɣĺm-77bঞomķ7;|-bѴ;7 ubvhvķ|u;m7v-m7†m1;u|-bmঞ;v|_-|l-‹
-vv†u-m1;lo7;Ѵķ‰_;u;bm|;um-Ѵ
7bv1Ѵov†u;voml-m-];l;m|-rruo-1_;v 1-†v;-1|†-Ѵu;v†Ѵ|v|o7b@;ul-|;ub-ѴѴ‹
-vv†u-m1;v-m71olrѴb-m1;-u;ruoˆb7;7
r;u|-bmbm]|ol-|;ub-Ѵ|orb1v-u; =uol|_ov;ruof;1|;7ķ-mঞ1br-|;7ou
0‹|_;l-m-];l;m|ĺŠ|;um-Ѵ-vv†u-m1;bv
ru;v;m|;7bmv†rrѴ;l;m|-u‹u;rou| blrѴb;70‹|_;v;ľ=ou‰-u7ŊѴoohbm]
vo†]_|=ou|_;-mhĽvCm-m1b-Ѵv|-|;l;m|v
-ˆ-bѴ-0Ѵ;omѴbm;ĺ v|-|;l;m|vĿĺvv†1_ķ|_;-mh7o;v
-v‰;ѴѴ-v-mbm7;r;m7;m|-vv†u-m1;om
v;Ѵ;1|;7v†v|-bm-0bѴb|‹bm=oul-ঞomĺ$_; mo|†m7;u|-h;|_;u;vromvb0bѴb|‹=ou
-mhĽv;Š|;um-Ѵ-†7b|ouvķ;vvuvumv| †r7-ঞm]ouu;ˆbvbm]-m‹ľ=ou‰-u7ŊѴoohbm]Ŀ
ş+o†m]ķ=†ѴCѴv†1_;Š|;um-Ѵ-vv†u-m1; v|-|;l;m|vĺ
u;t†bu;l;m|vĺ
Feedback GRIƐƏƑŊƔƒ

Forward-Looking Statements $_;-mh‰;Ѵ1ol;v-m‹=;;70-1h-m7

;u|-bmv|-|;l;m|v=o†m7bm|_bvu;rou| u;t†;v|vu;]-u7bm]|_bvmm†-Ѵ!;rou||o
l-‹0;1omvb7;u;7-vľ=ou‰-u7ŊѴoohbm]Ŀĺ 0;7bu;1|;7|o|_;olr-m‹";1u;|-u‹
o‰;ˆ;ub|v_o†Ѵ70;mo|;7|_-|l-‚;uv o="-lr-|_-mh|_uo†]_|_;
"|-h;_oѴ7;u ;;70-1h oulomr-];ƒѶƕ
o=|_bvu;rou|ĺ
Our Progress in Sustainability Reporting GRIƐƏƑŊƔƐ

Year !;rou|uoCѴ; !rrѴb1-ঞom;ˆ;Ѵ Š|;um-Ѵvv†u-m1;uoˆb7;7

2011 "|-m7Ŋ-Ѵom;!;rou| !ƒĺƐ;ˆ;Ѵ +;v

2012 m1ourou-|;7bmmm†-Ѵ!;rou| !ƒĺƐ;ˆ;Ѵ +;v
2013 "|-m7Ŋ-Ѵom;!;rou| !ƓŊolru;_;mvbˆ; +;v
ƑƏƐƓŊƑƏƐѵ m|;]u-|;7!;rou| !ƓŊolru;_;mvbˆ; +;v
2017 m|;]u-|;7!;rou| !"|-m7-u7vŊolru;_;mvbˆ; +;v
2018 m|;]u-|;7!;rou| !"|-m7-u7vŊolru;_;mvbˆ; +;v

SAMPATH SIMPLIFIED 3
MATERIAL TOPICS

GRIƐƏƑŊƒƑķƓѵķƓƕķƓƖņƐƏƒŊƐ

-|;ub-Ѵ|orb1v-u;|_ov;|_-|_-ˆ; m-77bঞom|o|_;l-|;ub-Ѵ|orb1v r-u|=uol|_bvķ|_;u;_-v0;;mmo

0;;mb7;mঞC;7|_uo†]_|_;v|-h;_oѴ7;u b7;mঞC;7|_uo†]_v|-h;_oѴ7;uv†uˆ;‹ vb]mbC1-m|1_-m];bm|_;l-|;ub-Ѵ|orb1v
;m]-];l;m|ruo1;vvou-ubv;-v-u;v†Ѵ| ;Š;1†|;7bmƑƏƐƕķ1‹0;uv;1†ub|‹‰-v =uol|_ov;_b]_Ѵb]_|;7bm|_;ru;ˆbo†v
o=|_;1_-ѴѴ;m];v-m7orrou|†mbঞ;vbm b7;mঞC;7-v-m;‰l-|;ub-Ѵ|orb1o= ‹;-uĺ
|_;bll;7b-|;or;u-ঞm];mˆbuoml;m| |_;-mhbmƑƏƐѶĺ$_bv‰-v;v|-0Ѵbv_;7
ou|_uo†]_|_;_oubŒomv1-mo=|_; |_uo†]_|_;om]obm]_oubŒomv1-mo=|_; "_o‰m0;Ѵo‰-u;|_;ƑƏlov|l-|;ub-Ѵ
u;]†Ѵ-|ou‹1olrѴb-m1;u;t†bu;l;m|v|_-| u;]†Ѵ-|ou‹;mˆbuoml;m|ķ‰_b1_u;ˆ;-Ѵ;7 |orb1v=ou"-lr-|_-mh-Ѵom]‰b|_-
l-‹0;1ol;u;Ѵ;ˆ-m|=uolঞl;|oঞl;ĺ -77bঞom-Ѵ1olrѴb-m1;u;t†bu;l;m|vv;|0‹ v†ll-u‹o=|_;-mhĽv-m-];l;m|
$orb1v7;;l;7|o0;l-|;ub-Ѵ-u;|_;m |_;"†m7;u|_;m;‰0-v;Ѵbm;bm|;um;| rruo-1_|o‰-u7v-77u;vvbm];-1_h;‹
bm1ourou-|;7bm|_;-mhĽvv|u-|;]‹-m7 v;1†ub|‹v|-m7-u7vĺ |orb1ĺ
]oom|obmY†;m1;|_;-1ঞomv|-h;mom
-7-‹Ŋ|oŊ7-‹0-vbvbmou7;u|ol;;|h;‹
v|-h;_oѴ7;u7;Ѵbˆ;u-0Ѵ;vĺ

-|;ub-Ѵ$orb1 -m-];l;m|rruo-1_ !;Ѵ-|;7! ;ˆ;Ѵo= ;ˆ;Ѵo=

m7b1-|ou -|;ub-Ѵb|‹ -|;ub-Ѵb|‹
|o"-lr-|_ to
-mh "|-h;_oѴ7;uv

uoC|-0bѴb|‹-m7 ol0bm;-uo0†v|0†vbm;vvlo7;Ѵķv|uom]]oˆ;um-m1;-m7-m !ƑƏƐ b]_ b]_

bm-m1b-Ѵ"|-0bѴb|‹ bm|;]u-|;7ubvhl-m-];l;m|=u-l;‰ouh|o;mv†u;Ѵom]Ŋ|;ul !ƑƏƑ
ruoC|-0bѴb|‹-m7Cm-m1b-Ѵv|-0bѴb|‹bm-_b]_Ѵ‹1olr;ঞঞˆ;bm7†v|u‹ !ƑƏƒ

mঞŊouu†rঞom uoloঞm]-1†Ѵ|†u;o=_om;v|‹-m7=-bu7;-Ѵbm]-m7;m1o†u-]bm] !ƑƏƔ b]_ ;7b†l

u-1ঞ1;v ;lrѴo‹;;v|oo0v;uˆ;;|_b1-Ѵ0†vbm;vvru-1ঞ1;v-|-ѴѴঞl;v-m7mo|
-‚;lr||oblruor;uѴ‹bmY†;m1;o|_;uvou0;bmY†;m1;70‹o|_;uv
Ő7bu;1|Ѵ‹oubm7bu;1|Ѵ‹ő0‹r-‹bm]ou-11;rঞm]0ub0;vouhb1h0-1hvbm
-m‹=oul

†vbm;vv †bѴ7bm]u;vbѴb;m1;ķ1-r-0bѴb|‹-m7|ub]];ubm]-m;@;1ঞˆ;u;vromv;|o mņ- b]_ b]_

omঞm†b|‹ v-=;]†-u7|_;bm|;u;v|vo=h;‹v|-h;_oѴ7;uvķ|_;-mhĽvu;r†|-ঞomķ
Ѵ-mmbm] 0u-m7-m70†vbm;vv-1ঞˆbঞ;vķbm|_;;ˆ;m|o=†m=ou;v;;m7bvu†rঞomv

u-m7t†b|‹ †bѴ7bm]1†v|ol;u1omC7;m1;-m7];m;u-ঞm]-Ѵo‹-Ѵ1†v|ol;u mņ- b]_ b]_

=oѴѴo‰bm]ķ‰b|_;t†-Ѵ;lr_-vbvomv|u;m]|_;mbm]v|-h;_oѴ7;u
r;u1;rঞomvo=|_;0u-m7

!;v;-u1_-m7 om7†1|l-uh;|u;v;-u1_|ob7;mঞ=‹_o‰1†v|ol;um;;7v-u; mņ- b]_ b]_

;ˆ;Ѵorl;m| ;ˆoѴˆbm]bmou7;u|ou;-Ѵb]mo†u;Šbvঞm]ruo7†1|rouoѴbo-11ou7bm]Ѵ‹

uo7†1|u;v;-u1_|o_;Ѵr7;ˆ;Ѵorm;‰ruo7†1|v-m7v;uˆb1;v
bmou7;u|o0;1ol;|_;ru;=;uu;70-mh-lom]-ѴѴh;‹1†v|ol;u
v;]l;m|v

‹0;u";1†ub|‹ mˆ;vঞm]bm|_;Ѵ-|;v|7;ˆ;Ѵorl;m|vbm|_;]Ѵo0-Ѵ1‹0;uv;1†ub|‹ !ƓƐѶ b]_ b]_

;1ov‹v|;l

!-bvbm]-‰-u;m;vv-lom]v|-@u;]-u7bm]1‹0;uubvhv-m7bmr-uঞ1†Ѵ-u
m;‰vo1b-Ѵ;m]bm;;ubm]-m7r_bv_bm]|;1_mbt†;v

"|u;m]|_;mbm]|_;]oˆ;um-m1;=u-l;‰ouh|o;mv†u;ubvhv-u;
u;]†Ѵ-uѴ‹u;ˆb;‰;7-m7-rruorub-|;ruo-1ঞˆ;-m7u;-1ঞˆ;l;-v†u;uv
-u;bmrѴ-1;-v-m7‰_;mm;;7;7

_-mm;Ѵ "|u;m]|_;mˆbvb0bѴb|‹-m7;m_-m1;1†v|ol;u1omˆ;mb;m1;|_uo†]_ mņ- b]_ b]_

-m-];l;m| 0;‚;u-11;vvb0bѴb|‹Ől†Ѵঞ7;Ѵbˆ;u‹ő
Ő†v|ol;u
11;vvő

4 SAMPATH BANK PLC Annual Report 2018

 -|;ub-Ѵ$orb1 -m-];l;m|rruo-1_ !;Ѵ-|;7! ;ˆ;Ѵo= ;ˆ;Ѵo=
m7b1-|ou -|;ub-Ѵb|‹ -|;ub-Ѵb|‹
|o"-lr-|_ to
-mh "|-h;_oѴ7;uv

b]bঞv-ঞom mˆ;v|l;m|bm$bm=u-v|u†1|†u;|o;m_-m1;|;1_moѴo]b1-Ѵ1-r-0bѴbঞ;v mņ- b]_ b]_

];m7-
Ő_;-r;uŊ;‚;uŊ
-v|;u7;Ѵbˆ;u‹|o
|_;1†v|ol;uő

lrѴo‹;; )ouh|o‰-u7v1u;-ঞm]-mbm1Ѵ†vbˆ;‰ouh;mˆbuoml;m|;m1olr-vvbm] !ƓƏƑ b]_ ;7b†l

!;Ѵ-ঞomv ];m7;u7bˆ;uvb|‹-m7-l†ѴঞŊ1†Ѵ|†u-Ѵķl†ѴঞŊ];m;u-ঞom-Ѵ‰ouh=ou1; !ƓƏƒ

$-Ѵ;m| ‚u-1|-m7u;|-bm|_;0;v|r;orѴ;‰b|_|_;ub]_|lbŠo=|;1_mb1-Ѵ-m7 !ƑƏƑ b]_ ;7b†l

1t†bvbঞom-m7 0;_-ˆbo†u-Ѵ1olr;|;m1b;v|ol;;||-u];|;70†vbm;vvu;t†bu;l;m|v !ƓƏƐ
-m-];l;m| bm|_;Ѵom]|;ul !ƓƏƔ

$u-bmbm]-m7 †bѴ7-v|uom]Ѵ;-7;uv_brrbr;Ѵbm;-m7-=†|†u;u;-7‹‰ouh=ou1;0‹ !ƓƏƓ b]_ ;7b†l

;ˆ;Ѵorl;m| ;t†brrbm]o†u;lrѴo‹;;v‰b|_|_;7;vbu;7Ѵ;ˆ;Ѵo=hmo‰Ѵ;7];-m7
vhbѴѴv|_-|;m1o†u-];|_;l|obmmoˆ-|;-m7Ѵ;-7|_;1_-m];bm|_;
bm7†v|u‹

lrѴo‹;; u;-|;-‰ouh;mˆbuoml;m|‰_;u;;lrѴo‹;;v=;;Ѵu;1o]mbv;7=ou mņ- b]_ ;7b†l

m]-];l;m| |_;bu|-Ѵ;m|v-m7ˆ-Ѵ†;7=ou|_;bu1ollb|l;m||o|_;-mhĽvv|u-|;]b1
ˆbvbom

†v|ol;u ooh=oum;‰-m7lou;bmmoˆ-ঞˆ;‰-‹v|o]bˆ;o†u1†v|ol;uv mņ- b]_ b]_

omˆ;mb;m1; -lou;1omˆ;mb;m|0-mhbm];Šr;ub;m1;-m7bm7obm]vov|ubˆ;|o
1-r|†u;|_;7bˆ;uv;m;;7vo=;-1_1†v|ol;uv;]l;m|-m71u;-|;
1†v|olbv;7voѴ†ঞomv|_-|-u;0;v|v†b|;7=ou;-1_|-u];|]uo†r

†v|ol;u;-Ѵ|_ -h;1;u|-bm|_-||_;-mhĽvruo7†1|vouv;uˆb1;v-u;mo|†v;7 !ƓƐѵ b]_ b]_

-m7"-=;|‹ bm|_;=†u|_;u-m1;o=Cm-m1b-Ѵ1ubl;ķv†1_-vlom;‹Ѵ-†m7;ubm]ķ
Cm-m1bm]o=|;uuoubvlķ=u-†7-m71ouu†rঞom

-uh;ঞm]-m7 mv†ubm]|_-|-ѴѴruo7†1|ruoloঞomvķv-Ѵ;v-m7l-uh;ঞm] !ƓƐƕ b]_ b]_

-0;ѴѴbm] 1oll†mb1-ঞomv-u;7;vb]m;7|oruoˆb7;o†u1†v|ol;uv‰b|_
-7;t†-|;ķঞl;Ѵ‹-m7u;Ѵ;ˆ-m|bm=oul-ঞom|o;m-0Ѵ;|_;l|ol-h;
bm=oul;77;1bvbomv

†v|ol;uubˆ-1‹ m]obm]bmˆ;v|l;m|vbm;m_-m1;7v;1†ub|‹v‹v|;lv-m7ˆ;ubC1-ঞom !ƓƐѶ b]_ b]_

ruo|o1oѴv-1uovv-ѴѴ-ˆ-bѴ-0Ѵ;1_-mm;Ѵvo=v;uˆb1;

olrѴ-bm| !;7†1;|_;m†l0;uo=1†v|ol;u1olrѴ-bm|v‰b|_;-1_v†11;vvbˆ; !ƓƐѶ b]_ b]_

-m-];l;m| ‹;-u0‹|-1hѴbm]|_;uoo|1-†v;=ouu;r;ঞঞˆ;1olrѴ-bm|v-m7
;m]-]bm]m;1;vv-u‹u;l;7b-Ѵ-1ঞom|oru;ˆ;m|-u;1†uu;m1;o=|_;
v-l;bvv†;

Promote mv†u;-ѴѴ"ub-mh-mv_-ˆ;-11;vv|oCm-m1b-Ѵv;uˆb1;vu;]-u7Ѵ;vvo= mņ- b]_ ;7b†l

bm-m1b-Ѵ ‰_;u;|_;‹Ѵbˆ;ouvo1boŊ;1omolb1v|-|†vķbm|†umu;7†1bm]roˆ;u|‹
m1Ѵ†vbom -m7bm1u;-vbm]ruovr;ub|‹

oll†mb|‹ !;vrom7|o"ub-mh-Ľv;l;u]bm]vo1boŊ;1omolb1m;;7vbm-l-mm;u !ƓƐƒ b]_ ;7b†l

;ˆ;Ѵorl;m| |_-|‰o†Ѵ7|ub]];ul;-mbm]=†Ѵvo1b;|-Ѵ1_-m];bm|_;Ѵom];u|;ul

mˆbuoml;m|-Ѵ bm7voѴ†ঞomv|ov†1_]Ѵo0-Ѵ1_-ѴѴ;m];v-v1Ѵbl-|;1_-m];ķu;vo†u1; !ƒƏƑ b]_ ;7b†l

-m-];l;m| v1-u1b|‹-m7m-|†u-Ѵ1-rb|-ѴѴovv !ƒƏƔ
!ƒƏѵ

o|;Ĺ olru;_;mvbˆ;l-m-];l;m|-rruo-1_;vo=-ѴѴ-0oˆ;l-|;ub-Ѵ|orb1v_-ˆ;0;;mr†0Ѵbv_;7bm-v†rrѴ;l;m|-u‹u;rou|=ou|_;
mm†-Ѵ!;rou|ƑƏƐѶ-ˆ-bѴ-0Ѵ;om|_;"-lr-|_-mhĽv1ourou-|;‰;0vb|;ŐrѴ;-v;†v;|_; !1o7;bmmm;u uom|oˆ;uőĺ

SAMPATH SIMPLIFIED 5
FINANCIAL HIGHLIGHTS

GRIƐƏƑŊƕ

Bank Group
2018* 2017 Change % 2018* 2017 Change %

uoC|-0bѴb|‹Ő!vmő
uovvbm1ol; ƐƐƔķƒƐƏ ƖƑķƔƖƏ ƑƓĺƔ ƐƑƐķѶѶƓ ƖƕķƓƓƏ ƑƔĺƐ
$o|-Ѵor;u-ঞm]bm1ol; ƔƒķƕƓƒ ƒƖķƖƕƖ ƒƓĺƓ ƔƕķƑƒƒ ƓƑķƓƕƒ ƒƓĺѶ
r;u-ঞm];Šr;mv;vķblr-bul;m|1_-u];ş
|-Š;vomCm-m1b-Ѵv;uˆb1;v ƒƔķƒƖƒ Ƒƒķƒƕƒ ƔƐĺƓ ƒѶķƐƐƑ ƑƓķƖѵƒ ƔƑĺƕ
uoC|0;=ou;bm1ol;|-Š ƐѶķƒƔƏ ƐѵķѵƏѵ ƐƏĺƔ ƐƖķƐƑƐ ƐƕķƔƐƏ ƖĺƑ
m1ol;|-Š;Šr;mv; ѵķƑƏƕ ƓķƔƏƑ ƒƕĺƖ ѵķƔƐƔ ƓķѶƑѶ ƒƔĺƏ
uoC|=ou|_;‹;-u ƐƑķƐƓƒ ƐƑķƐƏƓ Əĺƒ ƐƑķѵƏѵ ƐƑķѵѶƒ ŐƏĺѵő

vv;|vşb-0bѴbঞ;vŐ!vmő
†;|o0-mhvşo|_;u1†v|ol;uvŐ ;rovb|vomѴ‹ő ѵƖѶķƏѶƔ ѵƒƏķƓƓƑ ƐƏĺƕ ƕƏƕķƒѵѶ ѵƒƖķƑѵƖ ƐƏĺƕ
o-mv|oşu;1;bˆ-0Ѵ;v=uol0-mhvşo|_;u1†v|ol;uv-[;u
blr-bul;m|ruoˆbvbomv ѵƔƏķƏƐƓ ƔѵƑķѶѶƒ ƐƔĺƔ ѵƕƕķƔƒѶ ƔѶѶķƓƔƔ ƐƔĺƐ
$o|-Ѵ;t†b|‹ ѶƓķƒѶƖ ѵƒķѵƔƏ ƒƑĺѵ ƖƏķƏƔƐ ѵѶķƖƏѶ ƒƏĺƕ
$o|-ѴѴb-0bѴbঞ;v ѶƑƖķѶƒѵ ƕƒƐķƓƔƑ ƐƒĺƔ ѶƔƕķƕƒƔ ƕƔƕķѶƏѶ ƐƒĺƑ
$o|-Ѵ-vv;|v ƖƐƓķƑƑƔ ƕƖƔķƐƏƑ ƐƔĺƏ ƖƓƕķƕѶƔ ѶƑѵķƕƐƕ ƐƓĺѵ

mˆ;v|oum=oul-ঞom
;|-vv;|ˆ-Ѵ†;r;uv_-u;Ő!vő ƒƏƏĺƓƑ ƑƖƒĺƏƑ ƑĺƔ ƒƑƏĺƔѶ ƒƐƕĺƑƒ ƐĺƐ
-uh;|ˆ-Ѵ†;r;uv_-u;Ő!vő ƑƒƔĺƏƏ ƒƐƔĺƕƏ ŐƑƔĺѵő
-umbm]vr;uv_-u;Ŋ-vb1ņ bѴ†|;7Ő!vő ƓƔĺƐƒ ƔѵĺƏѵ ŐƐƖĺƔő ƓѵĺѶƔ ƔѶĺƕƓ ŐƑƏĺƑő
bˆb7;m7r;uv_-u;Ő!vő ƐѵĺƑƔ ƐƕĺƑƏ ŐƔĺƔő
bˆb7;m71oˆ;uŐ$bl;vő Ƒĺѵѵ Ƒĺѵƒ ƐĺƐ
bˆb7;m7r-‹o†|u-ঞoŐѷő ƒƕĺƔƖ ƒѶĺƏƏ ŐƐĺƐő
uovv7bˆb7;m7Ő!vmő ƓķƔѵƔ ƓķƔƖѶ ŐƏĺƕő
-uh;|1-rb|-Ѵbv-ঞomŐ!vmő ѵѵķƏƐƑ ѵѶķƔƕƕ Őƒĺƕő

|_;u!-ঞov
bˆb7;m7‹b;Ѵ7Őѷő ѵĺƖƐ ƔĺƓƔ ƑѵĺѶ
-umbm]v‹b;Ѵ7Őѷő ƐƖĺƑƏ Ɛƕĺƕѵ ѶĺƐ ƐƖĺƖƓ ƐѶĺѵƐ ƕĺƐ
ub1;;-umbm]u-ঞoŐ$bl;vő ƔĺƑƐ Ɣĺѵƒ ŐƕĺƔő ƔĺƏƑ Ɣĺƒƕ ŐѵĺƔő
ub1;|o0oohˆ-Ѵ†;Ő$bl;vő ƏĺƕѶ ƐĺƏѶ ŐƑƕĺѶő Əĺƕƒ ƐĺƏƏ ŐƑƕĺƏő
$o|-Ѵblr-bul;m|-v-ѷo=Ѵo-mv|oşu;1;bˆ-0Ѵ;v
=uolo|_;u1†v|ol;uv ƒĺƏƒ ƐĺƔƑ ƖƖĺƒ ƒĺƐƓ ƐĺƔѵ ƐƏƐĺƒ
ov|o=ubvhŐѷő ƐĺѵƖ ƏĺƓƓ ƑѶƓĺƐ ƐĺƕƓ ƏĺƓƕ ƑƕƏĺƑ
omŊr;u=oulbm]Ѵo-mu-ঞoŐѷő ƒĺѵƖ ƐĺѵƓ ƐƑƔĺƏ
bt†b7-vv;|vu-ঞo
Ŋ ol;vঞ1-mhbm]&mb|Őѷő ƑƐĺƔƏ ƑƑĺƑƑ ŐƒĺƑő
Ŋ@Ŋ"_ou;-mhbm]&mb|Őѷő ƑƔĺƕѶ ƑƓĺƖƏ ƒĺƔ

b|1_!-ঞm] ƳŐѴh-ő ƳŐѴh-ő

Ő"|-0Ѵ;ő Ő;]-ঞˆ;ő
oo7‹ŝv!-ঞm] Ƒ Ɛ
Ő"|-0Ѵ;ő Ő;]-ঞˆ;ő

" ($"҃

Goal 2018* 2017 2016 2015 2014

bm-m1b-Ѵm7b1-|ou
!;|†umom-ˆ;u-];-vv;|vŐ0;=ou;|-ŠőŐѷő ˆ;uƑĺƏƏ ƑĺƐƒ ƑĺƑƖ ƑĺƐƓ ƐĺƖƏ ƐĺѵƖ
!;|†umom-ˆ;u-];-vv;|vŐ-[;u|-ŠőŐѷő ˆ;uƐĺƏƏ ƐĺƓƐ Ɛĺѵƕ ƐĺƔƔ ƐĺƑѶ ƐĺƑƒ
!;|†umom-ˆ;u-];;t†b|‹Ő-[;u|-ŠőŐѷő ˆ;uƐѵĺƏƏ ƐѵĺƏƑ ƑƒĺƒƔ ƑƒĺƓƕ ƐѶĺƓƑ ƐѵĺƒƔ
uo‰|_bmruoC|Őѷő ˆ;uƐƔĺƏƏ ƏĺƒƑ ƒƑĺѵƔ ƓѶĺƕѵ ƑƓĺѶƒ ƓƒĺƑƕ
uo‰|_bm|o|-Ѵ-vv;|vŐѷő ˆ;uƐƔĺƏƏ ƐƓĺƖѶ ƑƏĺƕƓ ƑƔĺƒѵ ƑƐĺƔѶ ƐƒĺƏѶ
ov||obm1ol;u-ঞoŐ;Š1Ѵ†7bm]($ķ$ş !őŐѷő ;Ѵo‰ƔƏĺƏƏ ƒƔĺƖƑ ƓƑĺƒƑ ƓƕĺѶƒ ƔƑĺƕƔ ƔƓĺѶƑ
-rb|-Ѵ-7;t†-1‹u-ঞov -v;Ѵ -v;Ѵ -v;Ѵ
ollomt†b|‹$b;uŐѷő ˆ;uѶĺƔƏ ƐƑĺƏѶ ƐƏĺƑѵ mņ- mņ- mņ-
$o|-Ѵ$b;uŐѷő ˆ;uƐƏĺƏƏ ƐƑĺƏѶ ƐƏĺƑѵ ѶĺƒƐ ƕĺƖƏ ѶĺѶƒ
$o|-Ѵ1-rb|-ѴŐ$b;uƳ$b;uőŐѷő ˆ;uƐƓĺƏƏ ƐƔĺƕƒ ƐƓĺƓƐ ƐƑĺѶƕ ƐƑĺƑѵ ƐƒĺѵƑ

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

6 SAMPATH BANK PLC Annual Report 2018

 Total Assets & Gross Income Total Advances & Total Deposits Composion of Total Operang Income 2018
Rs Bn Rs Bn Rs Bn % %
115.3 96.0 10.7
1,000 120 800 93.9 100
90.4 90.7
18.5 70.8
800 100
600 75
92.6
600 80

67.6 400 50
400 60

47.0 200 25
200 40
525

659

914

384

409

467
516

670

698
795

572

630

xxx
0 20 0 0 Net Interest Income
2015 2016 2017 2018 2015 2016 2017 2018 Net Fee & Commission Income
Total Advances - Gross Trading, Investment &
Total Assets
Total Deposits
Gross Income (RHS) Loan to Deposit Rao (RHS) Other Operang Income

TOTAL ASSETS GROSS ADVANCES TOTAL DEPOSITS

Rs 914.2 Bn Rs 670.3 Bn Rs 698.1 Bn

!vƕƖƔĺƐmbmƑƏƐƕ ƐƔѷ !vƔƕƐĺƔmbmƑƏƐƕ Ɛƕѷ !vѵƒƏĺƓmbmƑƏƐƕ ƐƐѷ

Composion of Total Expenses 2018 Cost to Income Total Operang Income

% % Rs Bn
11.7
60 60
46.4
52.7
50
14.9
50 47.8
40
42.3

40 30
35.9

20
27.0
30
xxx

10
53.7
25.3

32.3

40.0

Operang Expenses
Net Impairment Charge 20 0
Income Tax Expense 2015 2016 2017 2018 2015 2016 2017 2018
Taxes on Financial Services

TOTAL TAXES PAID TO THE

PROFIT BEFORE TAX TOTAL OPERATING INCOME GOVERNMENT

Rs 18.3 Bn Rs 53.7 Bn Rs 12.3 Bn

!vƐѵĺѵmbmƑƏƐƕ ƐƐѷ !vƓƏĺƏmbmƑƏƐƕ ƒƓѷ !vƖĺƓmbmƑƏƐƕ ƒƐѷ

SAMPATH SIMPLIFIED 7
҃ 
HIGHLIGHTS
GRIƐƏƑŊƕ

;‹m7b1-|ou ;-v†u;l;m| 2018 2017

-m†=-1|†u;7-rb|-Ѵ
†l0;uo=$v †l0;u ƓƐƖ ƒƖƐ
†l0;uo= ;rovb|bovhv †l0;u ƒѵƔ 183

m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
mˆ;v|l;m|bm$7;ˆ;Ѵorl;m| !vm ƔƐƕ 783

†l-m-rb|-Ѵ
$o|-Ѵ;lrѴo‹;;v †l0;u ƓķƐѶƖ ƓķƏƐƐ
mˆ;v|l;m|bm|u-bmbm] !vm ƕƏĺƓ ѵƖĺѶ
$u-bmbm]_o†uvr;u;lrѴo‹;; o†uv ƒƐĺƔ ƒƖĺƏ
m|;um-Ѵv|-@ruoloঞomv †l0;u 228 377
"|-@u;|;mঞomu-|; ѷ ƖѶĺƏ Ɩƕĺƕ
!;|†um|o‰ouh-[;ul-|;umb|‹Ѵ;-ˆ; ѷ ƖƖĺƑ ƖѶĺƑ
m7†v|ub-Ѵ7bvr†|;v †l0;u Nil Nil
;u1;m|-];o=;lrѴo‹;;vu;1;bˆbm]r;u=oul-m1;-rru-bv-Ѵv ѷ 100 100
;m7;u7bˆ;uvb|‹u-ঞoŐl-Ѵ;Ĺ=;l-Ѵ;ő !-ঞo ѵƔĹƒƔ ѵƔĹƒƔ
uoC|r;u;lrѴo‹;; !vm ƑĺƖ ƒĺƏ
lrѴo‹;;ˆoѴ†m|;;ubvl=ou"! †l0;u ƐķƓƑƏ ƐķƐѵƏ

"o1b-Ѵş!;Ѵ-ঞomv_br-rb|-Ѵ
†l0;uo="v|u-bm;7†m7;u"-lr-|_"-ˆb‹-ruo]u-ll; †l0;u ƖѶƏ ƓƔƖ
†l0;uo=0;m;C1b-ub;v=uol1oll†mb|‹ruof;1|v †l0;u ƐƔѵķƒƑƐ ƐƓƒķƑƔƐ
lrѴo‹l;m|];m;u-ঞom †l0;u 322 232
m|;um-m7bm7†v|ub-ѴrѴ-1;l;m|vbm|-h; †l0;u ƐķѵƐƒ ѶƏƓ
(-Ѵ†;7bv|ub0†|;7-lom]bmˆ;v|ouv !vm ѶķѵƖѵ ƕķƔƏƒ
$o|-Ѵ|-Š;vr-b7 !vm ƐƑĺƒ ƖĺƓ

-|†u-Ѵ-rb|-Ѵ
-u0om=oo|rubm|o=|_;-mh |2e ƐƐķƑѵƐ ƐƑķƒƖƖ
mˆ;v|l;m|ommˆbuoml;m|-Ѵ"! !vm ƕĺƔ ѵĺƏ
o-mv7bv0†uv;7om]u;;mѴ;m7bm]v1_;l;v !vm ѵƔƔĺƕ ƑƑƓĺѵ
Ѵ;1|ub1b|‹v-ˆbm]|_uo†]_voѴ-uro‰;u];m;u-ঞom h)_ ƖƔķƒƐƕ ƓƖķƐƕƓ

8 SAMPATH BANK PLC Annual Report 2018

OUR STAFF STRENGTH

ƓĺƓѷ 4,189
ƓķƏƐƐbmƑƏƐƕ
VALUE DISTRIBUTED AMONG
INVESTORS

Rs 8.7 Bn
STAFF RETENTION RATE

Əĺƒѷ 98.0% VALUE DISTRIBUTED AMONG

ƖƕĺƕѷbmƑƏƐƕ DEPOSITORS AND LENDERS

INTERNSHIP OPPORTUNITIES CREATED

Rs 55.7 Bn

ƐƏƏĺѵѷ 1,613 VALUE DISTRIBUTED TO THE

GOVERNMENT

Rs 13.1 Bn
ѶƏƓbmƑƏƐƕ

EMPLOYMENT GENERATION

ƒѶĺѶѷ 322
ƑƒƑbmƑƏƐƕ CSR INITIATIVES

VOLUNTEERED EMPLOYEES FOR CSR

ENTREPRENEURSHIP
DEVELOPMENT
13
uof;1|v
10.8
Investment (Rs Mn)

ƑƑĺƓѷ 1,420
ƐķƐѵƏbmƑƏƐƕ
COMMUNITY CAPACITY
BUILDING 15
uof;1|v
7.9
Investment (Rs Mn)

MSMEs TRAINED
EDUCATION FOR ALL
21 13.9
ƐƐƒĺƔѷ 980 uof;1|v Investment (Rs Mn)

ƓƔƖbmƑƏƐƕ ENVIRONMENTAL CSR

13
uof;1|v
7.5
Investment (Rs Mn)

ELECTRICITY SAVED THROUGH SOLAR

POWER GENERATION
BENEFICIARIES

ƖƒĺѶѷ 95,317kWh >372,000 Persons

ƓƖķƐƕƓh)_bmƑƏƐƕ

SAMPATH SIMPLIFIED 9
GREEN
RECOGNITION

"-lr-|_-mh
mm†-Ѵ!;rou|ƑƏƐѶĹ
-u0om;†|u-Ѵ
uo7†1|

vr-u|o=|_;om]obm]1ollb|l;m||o-1_b;ˆbm]-;|,;uo-u0om oo|rubm|ķ
|_;"-lr-|_-mhmm†-Ѵ!;rou|ƑƏƐѶ‰-v7;1Ѵ-u;7--u0om;†|u-Ѵuo7†1|ķ
=oѴѴo‰bm]-mbm7;r;m7;m|-vv;vvl;m|0‹Ѵbl-|;"l-u|mbঞ-ঞˆ;vŐˆ|ő|7ĺ
$_bvbv|_;=o†u|_1omv;1†ঞˆ;‹;-ubm‰_b1_|_;mm†-Ѵ!;rou|_-v0;;m
7;1Ѵ-u;7-v--u0om;†|u-Ѵuo7†1|ĺ
 INTRODUCTORY
INFORMATION

†u(bvbom-m7(-Ѵ†;v12
0o†||_;-mh13
uo7†1|ouoѴbo14
o-u7o= bu;1|ouv16
ourou-|;-m-];l;m|22
_b;=-m-];uv24
";mbou-m-];uv26

SYSTEMS AND
PROCESSES
SIMPLIFIED

uঞC1b-Ѵm|;ѴѴb];m1;
"-lr-|_-mhĽv-mhbm]!o0o|†v;v-mbm|;u=-1;|o7;|;1|‹o†uru;v;m1;-m7
v|-u|-1omˆ;uv-ঞomĺ$_;!o0o|bv-1ঞˆ-|;70‹ˆ;u0-Ѵ1oll-m7v-m7‰bѴѴ;Š;1†|;
l-m‹|-vhvbm1Ѵ†7bm]1-v_‰b|_7u-‰-Ѵvķ0-Ѵ-m1;bmt†bub;vķ7bvr;mvbm]bm=oul-ঞom
om;Š1_-m];u-|;vķbm|;u;v|u-|;vķѴo-mv|-|†v-m71u;7b|1-u7v-m7ruoˆb7bm]
bmv|u†1ঞomvv†1_-v_o‰|oor;m-m-11o†m|ĺ
OUR VISION
AND VALUES

Our Vision
GRIƐƏƑŊƐѵ

ľ$_;uo‰bm]
ou1;bm"ub-mh-m
bm-m1b-Ѵ";uˆb1;vĿ
Our Values

u;-|;-Ѵ;-umbm] m1o†u-];-m7ruolo|; omb|ou-m7

1†Ѵ|†u;|_-| |;-l‰ouhbm-ѴѴ-vr;1|v 7;lomv|u-|;-m
ruolo|;vbm7bˆb7†-Ѵ o=0;_-ˆbo†uĺ blru;vvbˆ;1ollb|l;m|
-m7ou]-mbv-ঞom-Ѵ |ou;v†Ѵ|vĺ
7;ˆ;Ѵorl;m|-v
‰;ѴѴ-vruoloঞm] r;m|o=;;70-1h
bmmoˆ-ঞom-m7ˆ-Ѵ†; -m77;lomv|u-|;-m &m1olruolbvbm]
=ou1†v|ol;uvĺ ;-];um;vv=our;uvom-Ѵ ;|_b1-Ѵ-m7ruo=;vvbom-Ѵ
7;ˆ;Ѵorl;m|ĺ v|-m7-u7vo=0;_-ˆbo†uĺ

$u;-|-ѴѴbm|;um-Ѵ-m7
;Š|;um-Ѵ1†v|ol;uv|_;
‰-‹‰;‰o†Ѵ7Ѵbh;|o
0;|u;-|;7ĺ

12 SAMPATH BANK PLC Annual Report 2018

ABOUT THE
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GRIƐƏƑŊƑ

m1ourou-|;7bmƐƖѶƕķ"-lr-|_-mh‰-v|_;|_bu7"ub-mh-mrubˆ-|;1oll;u1b-Ѵ
"We have made it our 0-mhbm|_;1o†m|u‹-||_;ঞl;ĺ"bm1;|_;m‰;_-ˆ;1omঞm†;7|obmˆ;v|bm=†u|_;u
blruoˆbm]o†u1-r-1b|‹-m7o†u1-r-0bѴbঞ;vĺ$_-mhv|o|_bvCul1ollb|l;m|ķ"-lr-|_
mission to serve all
-mh|o7-‹bvu-mh;7-lom]|_;|or|_u;;rubˆ-|;0-mhvbm|_;1o†m|u‹ķ‰b|_-0-v;
customer segments o=oˆ;uƑĺƖm1†v|ol;uv-v-|ƒƐv| ;1;l0;uƑƏƐѶķ‰_bѴ;o†u1†uu;m|l-uh;|
and in doing so, our 1-rb|-Ѵbv-ঞomˆ-Ѵ†;o=!vѵѵmrobm|v|o|_;v|u;m]|_-m7v|-0bѴb|‹o=o†uv|u-|;]‹ķ
0†vbm;vvlo7;Ѵ-m7]oˆ;um-m1;v|u†1|†u;ĺ)b|_ƓķƐѶƖ;lrѴo‹;;vķ"-lr-|_-mhbv
aim is to provide our 1omvb7;u;7|o0;om;o=|_;Ѵ-u];v|;lrѴo‹;uv-lom]rubˆ-|;0-mhvbm"ub-mh-ĺ
customers the best-in-
$_;v;-1_b;ˆ;l;m|v|;vঞ=‹|oo†ul-bmr†urov;Ŋ|o1om|ub0†|;=†ѴѴ‹|o‰-u7v;1omolb1
class financial products -m7vo1b-Ѵ7;ˆ;Ѵorl;m|o=o†u1o†m|u‹-m7b|vr;orѴ;ĺ);_-ˆ;l-7;b|o†ulbvvbom
and services that would |ov;uˆ;-ѴѴ1†v|ol;uv;]l;m|v-m7bm7obm]voķo†u-blbv|oruoˆb7;o†u1†v|ol;uv
|_;0;v|ŊbmŊ1Ѵ-vvCm-m1b-Ѵruo7†1|v-m7v;uˆb1;v|_-|‰o†Ѵ7;m-0Ѵ;|_;l-1_b;ˆ;|_;bu
enable them achieve Cm-m1b-Ѵ]o-Ѵvĺ
their financial goals."
ouo†uu;|-bѴ1†v|ol;uvķ‰;o@;u|_;‰b7;v|rovvb0Ѵ;u-m];o=1omv†l;u0-mhbm]
ruo7†1|v-m7v;uˆb1;v-11;vvb0Ѵ;|_uo†]_o†uuo0†v|ķl†ѴঞŊ1_-mm;Ѵ;mˆbuoml;m|ķ
bm1Ѵ†7bm]-mbvѴ-m7Ŋ‰b7;m;|‰ouho=ƑƑƖ=†ѴѴ‹ŊY;7];70u-m1_;vՉ_b1_bm1Ѵ†7;vƐƒ
v†r;u0u-m1_;vőķƓƐƖ$vķ|_;"-lr-|_(bv_‰-bm|;um;|0-mhbm]rѴ-oul-m7-m;ˆ;uŊ
]uo‰bm]Ѵbv|o=7b]b|-Ѵ1_-mm;Ѵvĺ

†u1ourou-|;0-mhbm]v†b|;1omvbv|vo=-u-m];o=7‹m-lb1ruo7†1|v-m7-7ˆbvou‹
v;uˆb1;v-v‰;ѴѴ-v-_ov|o=;m7Ŋ|oŊ;m77b]b|-ѴCm-m1b-ѴvoѴ†ঞomv|o=-1bѴb|-|;|_;
;ˆoѴˆbm]m;;7vo=|_;1o†m|u‹Ľv1ourou-|;-m7"v;1|ouvĺ

Our Strategy
†v|ol;u o1†v

†v|ol;u=o1†vbv|_;oˆ;u-u1_bm]ruboub|‹o=o†uv|u-|;]‹ĺ
$ov†rrou|o†u1†v|ol;uv‰;bmˆ;v|bm=o†u1-r-0bѴbঞ;vĹ

;orѴ; $;1_moѴo]‹ uo7†1ঞˆb|‹ bm-m1b-Ѵ"|u;m]|_

(b0u-m|1†v|ol;u rrѴb1-ঞomo=‰ouѴ7 uo7†1ঞˆb|‹-m7 "|u;m]|_-m7Y;Šb0bѴb|‹

=o1†v;71†Ѵ|†u;-m7 Ѵ;-7bm]|;1_moѴo]‹|o ;L1b;m1‹=ou0;‚;u o=o†u0-Ѵ-m1;v_;;|
people Cm-m1b-Ѵv;uˆb1;v 1†v|ol;uv;uˆb1;

$_bvv|u-|;]‹;m-0Ѵ;v†v|o1u;-|;Ѵom]Ŋ|;ulˆ-Ѵ†;=ou1†v|ol;uvķ
v_-u;_oѴ7;uvķo†ur;orѴ;-m7|_;0uo-7;u1oll†mb|‹ĺ

SAMPATH SIMPLIFIED 13
PRODUCT
PORTFOLIO
GRIƐƏƑŊƑ
"&!

†uu;m|11o†m|v y"-lr-|_;m;u-Ѵ†uu;m|11o†m|
y"-lr-|_"†ru;l;†uu;m|11o†m| y"-lr-|_ o†0Ѵ;"
y"-lr-|_-‹l;m|†-u-m|;;7 y"-lr-|_b|"-ˆ;u
 _;t†;v
y"-lr-|_†0†7†ş"-rbub

"-ˆbm]v y!;]†Ѵ-u"-ˆbm]v y*Ŋ"$

y_bѴ7u;mŝv"-ˆbm]v
y$;;m-];"-ˆbm]v y-7b;vƐv|
y-7b;v"-ˆbm]v
y";mboubঞŒ;mĽv"-ˆbm]v y"-lr-|_"-m_bm7-"-ˆ;u
yom;‹-uh;|11o†m|v

y!;]†Ѵ-u ;rovb|v y bŠ;7 ;rovb|v

$;ul ;rovb|11o†m|v
y Ѵ;Šb0Ѵ; ;rovb|v y;uঞC1-|;o= ;rovb|v
y ";mboubঞŒ;mĽv ;rovb|v
y"-lr-|_-Ѵbm-v_
y-v‹

y"-lr-|_"-m_bm7-
y;uvom-Ѵ ou;b]m†uu;m1‹11o†m|v
ou;b]m†uu;m1‹11o†m|v Ő ő
y†vbm;vv ou;b]m†uu;m1‹11o†m|v
Ő ő
y-rb|-Ѵ$u-mv-1ঞomv!†r;;
11o†m|vŐ$!ő
ym‰-u7mˆ;v|l;m|11o†m|vŐő
y†|‰-u7mˆ;v|l;m|11o†m|vŐő
y brѴol-ঞ1 ou;b]m†uu;m1‹
11o†m|vŐ ő-m7 brѴol-ঞ1
!†r;;11o†m|vŐ !ő
y!;vb7;m|†;v|"1_;l;ŋ"r;1b-Ѵ
11o†m|v
y";mbou ou;b]m-ঞom-ѴvĽŋ"r;1b-Ѵ
11o†m|v

y";ˆ-m-o†vbm]o-m
y";ˆ-m- -‹-7-o†vbm]o-m
y ou;b]m†uu;m1‹o†vbm]o-m
yo†vbm]o-mv
o-mv
y†vbm;vvo-mv y -1|oubm] -1bѴb|‹
y;uvom-Ѵo-mv y"-lr-|_,"

y"-lr-|_"-l-1_-u-o-m
y"r;1b-Ѵo-mv=ouoˆ;uml;m|
;-vbm] y"-lr-|_;-vbm]  ;7b1-ѴL1;uv
y

11o†m|v=ouuo=;vvbom-Ѵv y"-lr-|_uo=;vvbom-Ѵ11o†m|

-‰mbm] y"-lr-|_!-m7bub‹-

u-m1_Ѵ;vv-mhbm] y‹-mh

b[(o†1_;uv y"-lr-|_$_bѴbm- y"-lr-|_(bv-u;7b|-u7v

y"-lr-|_-v|;u1-u7u;7b|-u7v
y"-lr-|_u;7b|-u7v y"-lr-|_-mhl;ub1-mŠru;vvţ
"-lr-|_-u7v
y"-lr-|_ ;0b|-u7v  u;7b|-u7v
y"-lr-|_);0-u7
y"-lr-|_(bv_‰-!;|-bѴ
y"-lr-|_(bv_‰-ourou-|;
ou;b]m!;lb‚-m1;v y;Ŋ!;lb‚-m1; y-‹-v‹
y&v|o1h|u-7;
y_-|0o|
!;Ѵ-ঞomv_br-mhbm] yѴ-ঞm†lѴ†v
y"-lr-|_-mhrr
y"-lr-|_-‹rr
y"-lr-|_"ѴbrѴ;vv-mhbm]
b]b|-ѴņѴ;1|uomb1-mhbm] ym|;um;|-mhbm]
yb]b[
yo0bѴ;-mhbm]
y"-lr-|_bvv;7-ѴѴ-mhbm]
y$-mhbm]
y$;Ѵ;0-mhbm]
y""Ѵ;u|Œ
y""-mhbm]
"-=;|‹o1h;uv y"-lr-|_"-=; ;rovb|o1h;uv yo0bѴ;-v_

y-mhbm]!o0o|
Ѵ†0vş"o1b;ঞ;v11o†m|v y"-lr-|_"-l-f- y"-lr-|_-u7Ѵ;vv-v_
y@Ŋvb|;$v
ym|;u0-mh$;|‰ouh
m|u;ru;m;†u ;ˆ;Ѵorl;m| y"-lr-|_"-ˆb‹- y-v_ ;rovb|$v
y_;t†; ;rovb|$v
y ou;b]m†uu;m1‹Š1_-m];$v
y-v_ ;rovb|bovhv
y;-‹o0bѴ;-v_

14 SAMPATH BANK PLC Annual Report 2018

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bm-m1bm] y Corporate Credit

y Commercial Credit
yourou-|; bm-m1;
y ;ˆ;Ѵorl;m|-mhbm]
y ou;b]m†uu;m1‹-mhbm]&mb|Ő &ő

m|;um-ঞom-Ѵ$u-7; y$u-7;";uˆb1;v
yŠrou|o†v;
youu;vrom7;m|-mhv

y"-lr-|_(bv_‰-ourou-|;
Ѵ;1|uomb1-mhbm]
y"-lr-|_-‹l;m|-|;‰-‹
y"-lr-|_ourou-|;-‹l;m|
 "‹v|;l

$!"&!+

"ro|om|u-1| $u;-v†u‹bѴѴv

ou‰-u7Š1_-m];om|u-1| $u;-v†u‹om7v

!;roş!;ˆ;uv;!;ro

) !"
"-lr-|_"ѴbrѴ;vv-mhbm]
oˆbm]‹;|-mo|_;uv|;r1Ѵov;u|o‰-u7vb|v]o-Ѵo=
;1oŊ=ub;m7Ѵ‹ķr-r;uѴ;vv0-mhbm]ķ"-lr-|_-mh
Ѵ-†m1_;7"-lr-|_"ѴbrѴ;vvŋ-1omˆ;mb;m||ooѴ
|_-|-ѴѴo‰v1†v|ol;uv|o1-uu‹o†|1-v_7;rovb|vķ
‰b|_7u-‰-Ѵv-m70bѴѴņ1u;7b|1-u7r-‹l;m|v‰b|_o†|
CѴѴbm]o†|-m‹1†l0;uvol;r_‹vb1-Ѵ=oulvĺ$_;lo0bѴ;
-rr|_-|bv-ˆ-bѴ-0Ѵ;om0o|_b"-m7m7uob7rѴ-oulv
_-v_;Ѵr;7|_;-mh1†|7o‰mom|_;†v;o=r-r;u
‰_bѴ;ruoˆb7bm]1†v|ol;uv‰b|_-lou;1omˆ;mb;m|‰-‹
|o0-mhĺ

"-lr-|_b]b[
!;7;Cmbm]|_;‰-‹"ub-mh-1;Ѵ;0u-|;vlol;m|o†v
o11-vbomvķ"-lr-|_-mhѴ-†m1_;7"-lr-|_b]b[Ŋ-
†mbt†;r;uvomŊ|oŊr;uvom]b[bm]lo0bѴ;-rrĺ$_;-rr
;m-0Ѵ;v-ѴѴ"-lr-|_-mh-11o†m|_oѴ7;uv|o]b[
-m‹om;bm|_;buvl-u|r_om;Ľv1om|-1|Ѵbv|ĺ$_;-rrbv
0†bѴ|†vbm]0Ѵo1h1_-bm|;1_moѴo]‹ķl-hbm]"-lr-|_
-mh|_;Cuv||o7;ˆ;Ѵor-m7bm|uo7†1;-0Ѵo1h1_-bm
0-v;70-mhbm]voѴ†ঞombm"ub-mh-ĺ

(bu|†-Ѵ$;ѴѴ;u-1_bm;Ő($ő
&v_;ubm]bm|_;m;Š|;u-o=7b]b|-Ѵ0-mhbm]v;uˆb1;v
bm"ub-mh-ķ"-lr-|_-mh†mˆ;bѴ;7|_;1o†m|u‹Ľv
Cuv|(bu|†-Ѵ$;ѴѴ;u-1_bm;Ő($ő-||_;-ঞom-Ѵ$
Š_b0bঞomķ $ƑƏƐѶĺ";uˆbm]-v-=†ѴѴ‹ŊY;7];7
7b]b|-Ѵ0u-m1_ķb|bv;t†brr;7|oo@;u-m;Š|;mvbˆ;
u-m];o=0-mhbm]v;uˆb1;v|o|_;-mhĽv1†v|ol;uvĺ
$_;‹1-m1omm;1|‰b|_|_;-mhĽv1†v|ol;uv;uˆb1;
u;ru;v;m|-ঞˆ;vbmu;-ѴŊঞl;†vbm]|_;0†bѴ|Ŋbmˆb7;o
1-ѴѴbm]=-1bѴb|‹-m7u;t†;v|-_ov|o=0-mhbm]v;uˆb1;vĺ

SAMPATH SIMPLIFIED 15
BOARD OF
DIRECTORS

MR CHANNA PALANSURIYA MR NANDA FERNANDO PROF MALIK RANASINGHE

Chairman Managing Director Deputy Chairman

MR SANJIVA SENANAYAKE MR DEEPAL SOORIYAARACHCHI MRS DHARA WIJAYATILAKE

Senior Independent Director Director Director

16 SAMPATH BANK PLC Annual Report 2018

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MISS ANNIKA SENANAYAKE MR RANIL PATHIRANA MRS SAUMYA AMARASEKERA, P.C.

Director Director Director

MR RUSHANKA SILVA MR DILIP DE S WIJEYERATNE MR MUDITHA WALPOLA

Director Director Company Secretary
Ŏ†mࢼѲƐƎv|-m†-u‹ƏƍƎƔŏ

MR LASANTHA SENARATNE
Company Secretary
Ŏ‰ĸ;ĸ=ĸƎv| ;0u†-u‹ƏƍƎƔŏ

SAMPATH SIMPLIFIED 17
BOARD OF
DIRECTORS

GRIƐƏƑŊƑƑķƑƒ

MR CHANNA PALANSURIYA FORMER APPOINTMENTS: CURRENT APPOINTMENTS:

Chairman
_-bul-mo="|‹Ѵ;u-["rou|v‰-u; -m-]bm] bu;1|ouo="-lr-|_-mh
omňm7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|ou
Őˆ|ő|7ķ ;r†|‹_-bul-mo=-ঞom-Ѵ ķ bu;1|ouo=-mh- bm-m1b-Ѵ";uˆb1;v
QUALIFICATIONS, SKILLS & bˆ;v|o1h ;ˆ;Ѵorl;m|o-u7ķ_-bul-m †u;-†|7ķ-oˆ;umbm]o-u7 bu;1|ou
EXPERIENCE: o=ub|rr-u;Ѵv-mh-Őˆ|ő|7ķ_-bul-m o=|_;mvঞ|†|;o=-mh;uvo="ub-mh-
-um;7-v|;uvo=†vbm;vv o=ub|$u-7bm]Őˆ|ő|7ķ ;r†|‹ -m7- bu;1|ouo=-mh-Ѵ;-uŐˆ|ő
7lbmbv|u-ঞom=uol$_;r;m&mbˆ;uvb|‹ _-bul-mo="-lr-|_-mhķ bu;1|ou |7ĺѴvo=†m1ঞomv-v- bu;1|ouo=
o=-Ѵ-‹vb--m71o†m|voˆ;u|_bu|‹ o="b‹-r-|_- bm-m1;ķo-u7;l0;u -mh--m]Ѵ- bm-m1;blb|;7ĺ
‹;-uvo=;Š|;mvbˆ;;Šr;ub;m1;bm|_; o="ub-mh-mvঞ|†|;o=$;ŠঞѴ;-m7
rr-u;Ѵķ_-bul-mo=rr-u;ѴŠrou|;uvĽ FORMER APPOINTMENTS:
-rr-u;Ѵv;1|ou_-ˆbm]_;-7;7|_;
ub|uo†ro=1olr-mb;v-m7|_uo†]_ vvo1b-ঞomƑƏƏ]=r7†ubm]ƑƏƏѵŊƑƏƏѶķ _-bul-mo=-mh;uvĽ$;1_mb1-Ѵ7ˆbvou‹
1omঞm†o†vѴ;-7;uv_br]bˆ;m|oo|_;u _-bul-mo=-mh-Ѵo|_bm]Őˆ|ő|7 ollb‚;;‰_b1_=†m1ঞomv†m7;u
1olr-mb;vbm|_;-rr-u;Ѵbm7†v|u‹ĺ ঞѴѴƑƏƐƒ-m7o-u7;l0;uo=o-u7o= |_;r†uˆb;‰o=|_;"ub-mh--mh;uvĽ
†u|_;uķ0;bm]-o-u7l;l0;uo=|_; mˆ;v|l;m|o="ub-mh-ĺ vvo1b-ঞomķ-r-v| bv|ub1|ollbvvbom;u
o-u7o=mˆ;v|l;m|o="ub-mh-=ou|;m o=|_;"ub-mh-"1o†|vvo1b-ঞom-m7
MR NANDA FERNANDO bu;1|ouo="";1†ubঞ;vŐˆ|ő|7ĺ
‹;-uvķ]-bm;7‰b7;;Šr;ub;m1;bmr†0Ѵb1 Managing Director
-7lbmbv|u-ঞomĺ;‰om|_;vb--1bC1 Š;1†ࢼˆ; bu;1|ou PROF MALIK RANASINGHE
†|v|-m7bm]m|u;ru;m;†uv_br‰-u7bm Deputy Chairman
ƑƏƐƒķ|_;"bѴˆ;u‰-u7o=|_;-ঞom-Ѵ QUALIFICATIONS, SKILLS & m7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|ou
_-l0;uo=Šrou|;uvo="ub-mh-=ou|_; EXPERIENCE:
-ul;m|Š|u--u];1-|;]ou‹bmƑƏƏƓ ˆ;uƒƔ‹;-uvo=;Šr;ub;m1;bm0-mhbm] QUALIFICATIONS, SKILLS &
-m7"ub-mh-mm|u;ru;m;†uo=|_;+;-u -m7Cm-m1;ķ7ubˆbm]l†ѴঞrѴ;-vr;1|vo= EXPERIENCE:
bmƑƏƏƑĺ 0-mhbm]0†vbm;vvķ$u-mv-1ঞom-Ѵ-mhbm] Š|;mvbˆ;]oˆ;um-m1;;Šr;ub;m1;-v
bm!;|-bѴ-m7ourou-|;-mhbm]ķ-lom]v| -=oul;u(b1;Ŋ_-m1;ѴѴou-m7-omŊ
APPOINTED TO THE BOARD: l-m‹o|_;uh;‹]uo‰|_-u;-vĺv-";mbou Š;1†ঞˆ; bu;1|ouomourou-|;o-u7vĺ
Ɛv|-m†-u‹ƑƏƐƑ-v-omŊm7;r;m7;m| ;ѴѴo‰l;l0;uo=$_;mvঞ|†|;o=  ;ѴѴo‰;l0;uķ_-u|;u;7m]bm;;u
omŊŠ;1†ঞˆ; bu;1|ouĺrrobm|;7-v -mh;uvo="ub-mh--m7_oѴ7v--v|;uv -m7m|;um-ঞom-Ѵuo=;vvbom-Ѵm]bm;;u
;r†|‹_-bul-momƑѵ|_-m†-u‹ƑƏƐƑķ o=†vbm;vv7lbmbv|u-ঞom7;]u;; o=|_;mvঞ|†ঞomo=m]bm;;uvķ"ub-mh-ķ
-m7_;Ѵ7oL1;-v-o-u7l;l0;u†mঞѴ vr;1b-Ѵbvbm]bm-uh;ঞm]=uol"bhhbl ;ѴѴo‰o=|_;-ঞom-Ѵ1-7;l‹o=
ƐƑ|_oˆ;l0;uƑƏƐƔĺ!;Ŋ-rrobm|;7|o -mbr-Ѵ&mbˆ;uvb|‹ķm7b-ĺ;bv-Ѵvo- "1b;m1;vķ"ub-mh--m7|_;mvঞ|†|;o=
|_;o-u7omƑѶ|_rubѴƑƏƐѵ-m7‰-v t†-ѴbC;7 o†u;-7;-7;u$u-bm;u-m7 uof;1|-m-];uvo="ub-mh-ķu-7†-|;
-rrobm|;7-v_-bul-momƐv|†]†v| =†m1ঞomv-v|_;uo†r7ˆbvou|o|_; ;l0;uķ"ub-mh-mvঞ|†|;o= bu;1|ouvķ
ƑƏƐѵĺ "1o†|vuo†rollb‚;;o="ĺ$_ol-vĽ _ =uol$_;&mbˆ;uvb|‹o=ubঞv_
oѴѴ;];ķo†m|-ˆbmb-ĺ oѴ†l0b-ķ(-m1o†ˆ;uķ-m-7-bmbˆbѴ
MEMBERSHIP IN BOARD SUB m]bm;;ubm]1omolb1v-v--m-7b-m
COMMITTEES: APPOINTED TO THE BOARD: ollom‰;-Ѵ|_"1_oѴ-uĸu;1brb;m|o=
_-bul-mo=o-u7"|u-|;]b1Ѵ-mmbm] Ɛƒ|_";r|;l0;uƑƏƐѵ-v-mŠ;1†ঞˆ; -11oѴ-7;v-m7-‰-u7vbm1Ѵ†7bm]|_;ƐƖƖƖ
ollb‚;;ķ;l0;uo=o-u7†l-m bu;1|ouĺ ;m;u-Ѵ!;v;-u1_ollb‚;;‰-u7=ou
!;vo†u1;v-m7!;l†m;u-ঞomollb‚;;ķ †|v|-m7bm]om|ub0†ঞom|o"ub-mh-m
o-u7olbm-ঞomollb‚;;ķo-u7 MEMBERSHIP IN BOARD SUB "1b;m1;=uol|_;"ub-mh-vvo1b-ঞom=ou
u;7b|ollb‚;;-m7o-u7-uh;ঞm] COMMITTEES:
7ˆ-m1;l;m|o="1b;m1;ķ|_;ollb‚;;
ollb‚;;ĺ ;l0;uo=o-u7m|;]u-|;7!bvh o=(b1;_-m1;ѴѴouv-m7 bu;1|ouvŐ( ő
-m-];l;m|ollb‚;;ķo-u7u;7b| Š1;ѴѴ;m1;‰-u7=ouƑƏƐƑ=ou|_;
CURRENT APPOINTMENTS: ollb‚;;ķo-u7"_-u;_oѴ7;u!;Ѵ-ঞomv ov|†|v|-m7bm]";mbou!;v;-u1_;ubm
_-bul-mo="-lr-|_-mhķ ollb‚;;ķo-u7"|u-|;]b1Ѵ-mmbm] $;1_moѴo]‹-m7u;Ѵ-|;7"1b;m1;vķ|_;
_-bul-mo="b‹-r-|_- bm-m1;ķ ollb‚;;ķo-u7$u;-v†u‹ollb‚;;ķ ‰-u7=ou†|v|-m7bm]om|ub0†ঞom
bu;1|ouo=u-‹0uooh;!;vb7;mঞ-Ѵ o-u7-rb|-ѴѴ-mmbm]ollb‚;;ķo-u7 |o7†1-ঞomƑƏƐƑ-|)ouѴ77†1-ঞom
uor;uঞ;vŐˆ|ő|7-m7Š;1†ঞˆ; $ollb‚;;-m7o-u7-uh;ঞm] om]u;vv-m7|_;7†1-ঞom;-7;uv_br
ollb‚;;;l0;uo=obm|rr-u;Ѵ ollb‚;;ĺ ‰-u7ƑƏƐƒbm"bm]-rou;ĺ
vvo1b-ঞom ou†lŐ őĺ

18 SAMPATH BANK PLC Annual Report 2018

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APPOINTED TO THE BOARD: APPOINTED TO THE BOARD: "ub-mh-mvঞ|†|;o=-uh;ঞm]ĺoѴ7v-

ƒƏ|_†]†v|ƑƏƐƐ-v-mm7;r;m7;m| Ɛv|-m†-u‹ƑƏƐƑ-v-mm7;r;m7;m| -v|;uvo=†vbm;vv7lbmbv|u-ঞom=uol
omŠ;1†ঞˆ; bu;1|ouĺrrobm|;7-v omŊŠ;1†ঞˆ; bu;1|ou-m7-rrobm|;7-v |_;&mbˆ;uvb|‹o="ub-‹;‰-u7;m;r†u-ĺ
;r†|‹_-bul-momƐv|†]†v|ƑƏƐѵĺ ";mbou bu;1|ouomƑѵ|_-m†-u‹ƑƏƐƑĺ bom;;ubm7bvv;lbm-ঞm]-m-];l;m|
hmo‰Ѵ;7];bm"bm_-Ѵ-ĺ
MEMBERSHIP IN BOARD SUB MEMBERSHIP IN BOARD SUB
COMMITTEES: COMMITTEES: Ѵ;-7bm]-m-];l;m| ;ˆ;Ѵorl;m|
_-bul-mo=o-u7u;7b|ollb‚;;ķ _-bul-mo=o-u7m|;]u-|;7!bvh omv†Ѵ|-m|ķ†|_ouķ11u;7b|;7-v|;u
o-u7-rb|-ѴѴ-mmbm]ollb‚;;ķo-u7 -m-];l;m|ollb‚;;-m7o-u7 o-1_-m7-v|;u;m|ouĺ
$ollb‚;;-m7o-u7"_-u;_oѴ7;u $u;-v†u‹ollb‚;;ĺ;l0;uo=o-u7
APPOINTED TO THE BOARD:
!;Ѵ-ঞomvollb‚;;ĺ;l0;uo=o-u7 olbm-ঞomollb‚;;ķo-u7!;Ѵ-|;7
†7b|ollb‚;;ķo-u7!;Ѵ-|;7-u|‹ -u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;ķ Ɣ|_†]†v|ƑƏƐƏ-v-mm7;r;m7;m|omŊ
$u-mv-1ঞomv!;ˆb;‰ollb‚;;ķo-u7 o-u7-rb|-ѴѴ-mmbm]ollb‚;;ķo-u7 Š;1†ঞˆ; bu;1|ouĺ
"|u-|;]b1Ѵ-mmbm]ollb‚;;ķo-u7 $ollb‚;;-m7o-u7†l-m!;vo†u1;
$u;-v†u‹ollb‚;;-m7o-u7†l-m -m7!;l†m;u-ঞomollb‚;;ĺ MEMBERSHIP IN BOARD SUB
COMMITTEES:
!;vo†u1;-m7!;l†m;u-ঞomollb‚;;ĺ
CURRENT APPOINTMENTS: _-bul-mo=o-u7†l-m!;vo†u1;v
CURRENT APPOINTMENTS: ";mbou bu;1|ouo="-lr-|_-mhķ -m7!;l†m;u-ঞomollb‚;;Նr
;r†|‹_-bul-mo="-lr-|_-mhķ omŊŠ;1†ঞˆ; bu;1|ouo=;l-v |oƐƑ|_oˆ;l0;uƑƏƐѶő-m7o-u7
";mbouuo=;vvoubmbˆbѴm]bm;;ubm] _-ul-1;†ঞ1-ѴvŐˆ|ő|7ĺ -uh;ঞm]ollb‚;;ĺ;l0;uo=o-u7
-|&mbˆ;uvb|‹o=ou-|†‰-ķ;l0;u †7b|ollb‚;;ķo-u7m|;]u-|;7!bvh
o=&mbˆ;uvb|‹u-m|vollbvvbomķ FORMER APPOINTMENTS: -m-];l;m|ollb‚;;ķo-u7!;Ѵ-|;7
m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ouo= ";mboumˆ;v|l;m|L1;uŊѴo0-Ѵ -u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;ķ
$;;f-‹-mh-ķ&;-ˆ‹t†brl;m| bm-m1b-Ѵ-uh;|vŐ);v|=ub1-őķ Ő$_; o-u7"_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;ķ
|7ķ11;vvm]bm;;ubm]ķ&mb|;7 rubˆ-|;v;1|oubmˆ;v|l;m|-ulo=)ouѴ7 o-u7$ollb‚;;-m7o-u7†l-m
o|ouv-mh--m7!;v†vm;u]‹ĺ -mhuo†rőĸ!;vb7;m|!;ru;v;m|-ঞˆ; !;vo†u1;v-m7!;l†m;u-ঞomollb‚;;
=ou"ub-mh--m7|_;-Ѵ7bˆ;vĸ Չĺ;ĺ=ĺƐƒ|_oˆ;l0;uƑƏƐѶőĺ
FORMER APPOINTMENTS: vvbv|-m|;m;u-Ѵ-m-];uŐ$u;-v†u‹
CURRENT APPOINTMENTS:
(b1;_-m1;ѴѴouo=|_;&mbˆ;uvb|‹o= -m7mˆ;v|l;m|-mhbm]őo=-ঞom-Ѵ
ou-|†‰-ķ_-bul-mo=|_;ollb‚;; ;ˆ;Ѵorl;m|-mhĸomv†Ѵ|-m| omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ;
o=(b1;_-m1;ѴѴouv-m7 bu;1|ouvo="ub Ő$u;-v†u‹-m7†vbm;vv ;ˆ;Ѵorl;m|őo= bu;1|ouo="-lr-|_-mhķ
-mh-ķo†m1bѴ;l0;uo=|_;vvo1b-ঞom oll;u1b-Ѵ-mho=;‹Ѵomĸ";mbou m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ou
o=ollom‰;-Ѵ|_&mbˆ;uvbঞ;vķ ;ѴѴo‰ !bvh-m-];uŊbঞ0-mh"‹7m;‹ķ†v|u-Ѵb-ķ o=mv†u-m1;-mh-ķ-mvb-m
o=|_;-ঞom-Ѵ&mbˆ;uvb|‹o="bm]-rou;ķ ;-7o=$u;-v†u‹-m7mˆ;v|l;m|-mhbm] o‰;uķ"bm];u"ub-mh-
m7;r;m7;m|omŠ;1†ঞˆ; bu;1|ouo= bঞ0-mhu†m;bķˆ-ubo†vrovbঞomv -m7;l-v-m†=-1|†ubm]Őˆ|ő|7ķ
|_;oѴol0o"|o1hŠ1_-m];ķ-mh- bm1Ѵ†7bm]$u;-v†u;u-m7;-7o=†0Ѵb1 omv†Ѵঞm]-u|m;uŊ!uo†r&"ķ
-m7;l-vo‰;uĺ ";1|ou†vbm;vvbঞ0-mhoѴol0oķ-m7 ;l0;uo=|_;o-u7o=-m-];l;m|
omŊŠ;1†ঞˆ; bu;1|ouo=vb-mo|;Ѵ o=|_;ov|]u-7†-|;mvঞ|†|;o=
MR SANJIVA SENANAYAKE -m7uor;uঞ;vĺ -m-];l;m|Őő-rrobm|;70‹|_;
Senior Independent Director &mbˆ;uvb|‹u-m|vollbvvbomĺ
omňŠ;1†ࢼˆ; bu;1|ou MR DEEPAL SOORIYAARACHCHI
omňm7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or FORMER APPOINTMENTS:
QUALIFICATIONS, SKILLS &
-v|u;vb7;m|o="ub-mh-mvঞ|†|;o=
EXPERIENCE: QUALIFICATIONS, SKILLS & -uh;ঞm]ķ-m-]bm] bu;1|ouˆbˆ- 
Š|;mvbˆ;;Šr;ub;m1;bm|_;Cm-m1b-Ѵ EXPERIENCE:
mv†u-m1;ķollbvvbom;uŊ"ub-mh-
v;uˆb1;vv;1|ouѴo1-ѴѴ‹-m7oˆ;uv;-v o†m|voˆ;uƒƏ‹;-uvĽ;Šr;ub;m1;bm"-Ѵ;vķ mˆ;m|ouvĽollbvvbomĺ
_-ˆbm]v;uˆ;7bmv;mboul-m-];l;m| 7ˆ;uঞvbm]ķ-uh;ঞm]ķ†l-m!;vo†u1;v
rovbঞomv-|ru;lb;uCm-m1b-Ѵbmvঞ|†ঞomv ;ˆ;Ѵorl;m|-m7"|u-|;]‹‰b|_;Š|;mvbˆ;
-m7-v-mbm7;r;m7;m|1omv†Ѵ|-m|ĺ ;Šr;ub;m1;bm|_;C;Ѵ7o=mv†u-m1;ĺ
oѴ7v-v|;uo="1b;m1;-m7-1_;Ѵou ;ѴѴo‰l;l0;uo=|_;_-u|;u;7mvঞ|†|;
o="1b;m1; ;]u;;vbmm]bm;;ubm]=uol o=-uh;ঞm]&-m7-_-u|;u;7
&mbˆ;uvb|‹o=om7omĺ -uh;|;uķ ;ѴѴo‰;l0;uo=|_;

SAMPATH SIMPLIFIED 19
BOARD OF
DIRECTORS

MRS DHARA WIJAYATILAKE MISS ANNIKA SENANAYAKE MR RANIL PATHIRANA

m7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|ou m7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or m7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or

QUALIFICATIONS, SKILLS & QUALIFICATIONS, SKILLS & QUALIFICATIONS, SKILLS &

EXPERIENCE: EXPERIENCE: EXPERIENCE:
‚oum;‹Ŋ-|Ŋ-‰ķŐ;‹őķ!;ঞu;7=uol -1_;Ѵouo=u|vbm-m-];l;m|"|†7b;v Š|;mvbˆ;;Šr;ub;m1;bmCm-m1;-m7
|_;†0Ѵb1";uˆb1;o="ub-mh-bm†]†v| =uol|_;&mbˆ;uvb|‹o=oমm]_-lĺ l-m-];l;m|bmCm-m1b-Ѵķ-rr-u;Ѵ-m7
ƑƏƐƔķ-[;uƓƐ‹;-uvo=v;uˆb1;ĺ$_; ;-7vourou-|;Ѵ-mmbm]=ou|_;)" ;m;u]‹v;1|ouvĺ ;ѴѴo‰l;l0;uo=|_;
Cuv|‰ol-mbm|_;†0Ѵb1";uˆb1;o="ub oѴ7bm]vuo†rķbm7bˆ;uvbC;70†vbm;vv _-u|;u;7mvঞ|†|;o=-m-];l;m|
-mh-|o0;-rrobm|;7-v-";1u;|-u‹|o- bm|;u;v|vbm|;Ѵ;1oll†mb1-ঞomvķѴo]bvঞ1vķ 11o†m|-m|vķ&Ő ő-m7_oѴ7v-
-0bm;|bmbv|u‹ĺ l;7b--m70uo-71-v|ķ-†|olo0bѴ;vķ -1_;Ѵouo=oll;u1;7;]u;;=uol|_;
-ˆb-ঞomķ‰-u;_o†vbm]ķ=oo7-m70;ˆ;u-]; &mbˆ;uvb|‹o="ub-‹;‰-u7;m;r†u-ĺ
APPOINTED TO THE BOARD: ruo1;vvbm]-m7r-1h-]bm]ĺv";m-m-‹-h;
ƒƏ|_†]†v|ƑƏƐƐ-v-mm7;r;m7;m| bvĽvoL1b-Ѵ0†vbm;vvu;ru;v;m|-ঞˆ; APPOINTED TO THE BOARD:
omŊŠ;1†ঞˆ; bu;1|ouĺ =ou"ub-mh-ĺ Ɛv|-m†-u‹ƑƏƐƑ-v-omŊŠ;1†ঞˆ;
bu;1|ouĺ;1-l;-mm7;r;m7;m|omŊ
MEMBERSHIP IN BOARD SUB APPOINTED TO THE BOARD: Š;1†ঞˆ; bu;1|ouomƒƐv|-m†-u‹ƑƏƐƔĺ
COMMITTEES:
rrobm|;7|o|_;o-u7-v-m
_-bur;uvomo=o-u7!;Ѵ-|;7-u|‹ m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ouom MEMBERSHIP IN BOARD SUB
$u-mv-1ঞomv!;ˆb;‰ollb‚;;ķo-u7 COMMITTEES:
Ɛv|-m†-u‹ƑƏƐƑĺ
†l-m!;vo†u1;v-m7!;l†m;u-ঞom _-bul-mo=o-u7†7b|ollb‚;;ķ
ollb‚;;Չĺ;ĺ=ĺƐƒ|_oˆ;l0;uƑƏƐѶő MEMBERSHIP IN BOARD SUB ;l0;uo=o-u7"|u-|;]b1Ѵ-mmbm]
;l0;uo=o-u7†7b|ollb‚;;ķo-u7 COMMITTEES: ollb‚;;-m7o-u7-rb|-ѴѴ-mmbm]
olbm-ঞomollb‚;;ķo-u7"|u-|;]b1 _-bur;uvomo=|_;o-u7olbm-ঞom ollb‚;;ĺ
Ѵ-mmbm]ollb‚;;-m7o-u7u;7b| ollb‚;;ķ;l0;uo=|_;o-u7
ollb‚;;ĺ "|u-|;]b1Ѵ-mmbm]ollb‚;;ķ;l0;u CURRENT APPOINTMENTS:
o=|_;o-u7†l-m!;vo†u1;v-m7 m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
CURRENT APPOINTMENTS: !;l†m;u-ঞomollb‚;;ķ;l0;uo= o="-lr-|_-mhķ_-bul-mo=
m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou |_;o-u7m|;]u-|;7!bvh-m-];l;m| !;m;‰];mŐˆ|ő|7ķ-m-]bm] bu;1|ou
o="-lr-|_-mhķ;l0;uo=|_; ollb‚;;ķ;l0;uo=|_;o-u7 o=bu7-u-l-mbm|;um-ঞom-ѴŠrou|v
†0Ѵb1";uˆb1;ollbvvbomķ";1u;|-u‹ -uh;ঞm]ollb‚;;ķ;l0;uo=|_; Őˆ|ő|7ķ bu;1|ouŊbu7-u-l-mbuo†r
;m;u-Ѵ-m7o=$_;;‹Ѵom_-l0;u o-u7$u;-v†u‹ollb‚;;ķ;l0;uo= o=olr-mb;vķomŊŠ;1†ঞˆ; bu;1|ou
o=oll;u1;ķ;l0;uo=|_;"ub-mh- |_;o-u7$ollb‚;;ĺ o=)bm7=ou1;Őˆ|ő|7ķ"|-u-1h-]bm]
-‰ollbvvbomķomŊŠ;1†ঞˆ; bu;1|ou Őˆ|ő|7ķѴ†l;Šķ7;Ѵķ
o="$1-7;l‹-m7 bu;1|ouo= CURRENT APPOINTMENTS: l0;om-rb|-Ѵ-m7;‹Ѵomo|;Ѵv
m]-l;m|;u|-bml;m|Őˆ|ő|7ĺ m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou ourou-ঞom|7ĺ
o="-lr-|_-mhĺ bu;1|ou-|)"
FORMER APPOINTMENTS: oѴ7bm]vŐubˆ-|;őblb|;7ĺ bu;1|ou FORMER APPOINTMENTS:
";1u;|-u‹|o|_;bmbv|u‹o=†vঞ1;ķ -|)";bv†u;Őubˆ-|;őblb|;7ĺ"1-m _b;=Š;1†ঞˆ;L1;uo=(-mbh
";1u;|-u‹|o|_;bmbv|u‹o=Ѵ-m †umb|†u;Őubˆ-|;őblb|;7ĺ bu;1|ou -m]Ѵ-7;v_";1†ubঞ;vĸvvbv|-m|(b1;
lrѴ;l;m|-ঞomķ";1u;|-u‹|o|_;bmbv|u‹ -|! uo7†1ঞomvŐubˆ-|;őblb|;7ĺ u;vb7;m|o=(-mbhm1ourou-ঞomķ bu;1|ou
o=$;1_moѴo]‹-m7!;v;-u1_ķ7ˆbvou $u†v|;;ŋ+o†|_†vbm;vv"ub-mh-ķ o=-‹Ѵ;‹v$mbমm]ķ-‹Ѵ;‹v
|obmbv|;uo=b]_;u7†1-ঞom-m7 ;‹Ѵom_-l0;uo=oll;u1;ķ$u†v|;;o= -m7bul-Ѵ-r†u-)bm7ro‰;uŐˆ|ő
!;v;-u1_ĺ |_;!-‹)bf;‰-u7;m;_-ub|-0Ѵ;$u†v|bm |7ĺ
"ub-mh-ĺ

20 SAMPATH BANK PLC Annual Report 2018

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MRS SAUMYA AMARASEKERA, MR RUSHANKA SILVA MR DILIP DE S WIJEYERATNE

PRESIDENT’S COUNSEL omňm7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or omňm7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or
omňm7;r;m7;m|ĶomňŠ;1†ࢼˆ; bu;1|or
QUALIFICATIONS, SKILLS & QUALIFICATION, SKILLS &
QUALIFICATIONS, SKILLS & EXPERIENCE:
EXPERIENCE: EXPERIENCE:
mvvo1b-|;;l0;uo=|_;mvঞ|†|;
o†m|voˆ;uƒƏ‹;-uvbm-1ঞˆ;Ѵ;]-Ѵ ;7b1-|;7ruo=;vvbom-Ѵ‰b|_-voѴb7
o=_-u|;u;711o†m|-m|vo="ub-mh-
ru-1ঞ1;bmbˆbѴ-‰ķru-1ঞ1bm]bm|_; 0-1h]uo†m7bm-m-];l;m|11o†mঞm]ķ
Őőķ ;ѴѴo‰;l0;uo=|_;_-u|;u;7
ub]bm-Ѵķrr;ѴѴ-|;-m7"†ru;l;o†u|v -uh;ঞm]-m7"-Ѵ;vĺmvvo1b-|;
mvঞ|†|;o=-m-];l;m|11o†m|-m|vķ
-v-m‚oum;‹Ŋ-|Ŋ-‰ĺoѴ7v--v|;uv ;l0;uo=|_;_-u|;u;7mvঞ|†|;o=
&Ő ő-m7-u-7†-|;;l0;u
7;]u;;bm-‰=uol|_;&mbˆ;uvb|‹o= -m-];l;m|11o†m|-m|v&Őőĺ
o=|_;†v|u-Ѵb-mmvঞ|†|;o=olr-m‹
;mmv‹Ѵˆ-mb-‰b|_r-uঞ1†Ѵ-u;lr_-vbv "|u-|;]b1-m71u;-ঞˆ;|_bmh;u‰_o_-v
bu;1|ouvŐ őĺ";mbou bm-m1;ņ
ommv†u-m1;ķubˆ-1‹-m7 ;=-l-ঞom ruoˆ;m_bv-0bѴb|‹|o7;ˆ;Ѵorv|uom]
-mhbm]ruo=;vvbom-Ѵ-m7-rubm1br-Ѵ
-‰vĺ-v;Šr;ub;m1;bm-u;-vu;Ѵ-ঞm]|o 1Ѵb;m|u;Ѵ-ঞomv_brvt†b1hѴ‹-m7ruolo|;
1omv†Ѵ|-m|‰_oruoˆb7;v-7ˆbvou‹
uor;u|‹ķ$;v|-l;m|-u‹ķom7olbmb†l |;-l‰ouh;L1b;m|Ѵ‹-m7-Ѵ;-7;u‰b|_-
v;uˆb1;v|o1olr-mb;v]Ѵo0-ѴѴ‹ķ|o;Šr-m7
bvr†|;vķ$u†v|vķ -lbѴ‹-‰ķ-m7om;‹ ub1_lbŠ|†u;o=;Šr;ub;m1;-m7v†11;vv;v
or;u-ঞomv‰b|_bmb77Ѵ;-v|ķ"ub-mh-
!;1oˆ;u‹ĺѴvoѴbঞ]-|;vom0;_-Ѵ=o= bm|_;0†vbm;vv‰ouѴ7ķ_-ˆbm]1olrѴ;|;7
-m7†v|u-Ѵb-ĺ
Cm-m1b-Ѵv;uˆb1;vv;1|ou1Ѵb;m|v-m7_-v _bvv;1om7-u‹;7†1-ঞom-|$ubmb|‹oѴѴ;];ķ
vr;1b-Ѵbv;7bmѴo1-Ѵ-m7bm|;um-ঞom-Ѵ -m7‹ĺoѴ7v--v|;uvo=†vbm;vv APPOINTED TO THE BOARD:
-u0b|u-ঞomvĺ 7lbmbv|u-ঞom=uol&mbˆ;uvb|‹o=
Ɛƒ|_oˆ;l0;uƑƏƐѶ-v-omŊ
);v|;um"‹7m;‹ķ†v|u-Ѵb-ĺm-Ѵ†lm†vo=
m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ouĺ
APPOINTED TO THE BOARD: -uˆ-u7†vbm;vv"1_ooѴŐ&"ő
Ɛv|†m;ƑƏƐƑ-v-omŊm7;r;m7;m| MEMBERSHIP IN BOARD SUB
APPOINTED TO THE BOARD:
omŊŠ;1†ঞˆ; bu;1|ouĺ COMMITTEES:
Ɛv|";r|;l0;uƑƏƐƕ-v-omŊ
;l0;uo=o-u7"|u-|;]b1Ѵ-mmbm]
MEMBERSHIP IN BOARD SUB m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouĺ
ollb‚;;ķo-u7$u;-v†u‹ollb‚;;
COMMITTEES:
-m7o-u7u;7b|ollb‚;;Չĺ;ĺ=ĺƏƐv|
MEMBERSHIP IN BOARD SUB
;l0;uo=o-u7olbm-ঞom -m†-u‹ƑƏƐƖőĺ
COMMITTEES:
ollb‚;;ķo-u7†l-m!;vo†u1;v
-m7!;l†m;u-ঞomollb‚;;ķo-u7 ;l0;uo=o-u7u;7b|ollb‚;;ķ CURRENT APPOINTMENTS:
m|;]u-|;7!bvh-m-];l;m|ollb‚;; o-u7"|u-|;]b1Ѵ-mmbm]ollb‚;;ķ
omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ;
-m7o-u7-uh;ঞm]ollb‚;;ĺ o-u7-uh;ঞm]ollb‚;;ķo-u7
bu;1|ouo="-lr-|_-mhķomŊ
$u;-v†u‹ollb‚;;ķo-u7"_-u;_oѴ7;u
Š;1†ঞˆ; bu;1|ouo="bm];uŐ"ub-mh-ő
CURRENT APPOINTMENTS: !;Ѵ-ঞomvollb‚;;-m7o-u7$
ķ!;]mbv-mh-ķ"bm];um7†v|ub;v
ollb‚;;ĺ
omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ; Ő;‹Ѵomőķ-‹Ѵ;‹v b0u;-m7-
bu;1|ouo="-lr-|_-mhķ;]-Ѵ bu;1|ouo=$_bu7)-ˆ;m|;um-ঞom-Ѵ)
CURRENT APPOINTMENTS:
ru-1ঞঞom;uķ;l0;uo=|_;-u -_u-bmĺ
vvo1b-ঞomo="ub-mh-ĺ bu;1|ouo= omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ;
-mvommˆ;v|l;m|vŐˆ|ő|7ķ;‹Ѵom bu;1|ouo="-lr-|_-mhķ-m-]bm] FORMER APPOINTMENTS:
;bv†u;oѴ7bm]vŐˆ|ő|7-m7;bv†u; bu;1|ouo=m7u-$u-7;uvŐˆ|ő|7ķ
;-7o= bm-m1;-m7Ѵo0-Ѵ-uh;|
bm;v-mh-Őˆ|ő|7ĺ bu;1|ouo=m7u-o|ou"r-u;vŐˆ|ő
or;u-ঞomvo="]uo†r-_u-bmoL1;v
|7ķm7u-uor;u|‹ ;ˆ;Ѵorl;m|Őˆ|ő
oˆ;u-1-u;;uvr-mo=ƑƏ‹;-uvĺѴvo
|7ĺ_-bul-mo=u-‹0uooh;!;vb7;mঞ-Ѵ
v;uˆ;7-v-o-u7l;l0;uo=|_;-_u-bm
uor;uঞ;vŐˆ|ő|7ĺomŊŠ;1†ঞˆ;
vb-m$u-7;uvŝollb‚;;o=-_u-bm
bu;1|ouo="-lr-|_;m|u;blb|;7ķomŊ
_-l0;uo=oll;u1;ĺ
Š;1†ঞˆ; bu;1|ouo="b‹-r-|_- bm-m1;
ĺ

SAMPATH SIMPLIFIED 21
CORPORATE
MANAGEMENT

Mr Nanda Fernando
Managing Director
SENIOR DEPUTY GENERAL MANAGERS

Mr Tharaka Ranwala Mrs Shashi Kandambi Jassim Mr Ajantha de Vas Gunasekara Mr Ajith Salgado
";mbou ;r†|‹;m;u-Ѳ-m-];uň ";mbou ;r†|‹;m;u-Ѳ-m-];uň uo†r_b;= bm-m1b-ѲL1;u uo†r_b;=m=oul-ࢼomL1;u
omv†l;u-mhbm] ourou-|;-mhbm]
DEPUTY GENERAL MANAGERS

Mr Aruna Jayasekera Mr Dinusha Ihalalanda Mr Pradeep Perera Mr Manoj Akmeemana

uo†r_b;=†l-m!;vo†u1; ;r†|‹;m;u-Ѳ-m-];uň _b;=m|;um-Ѳ†7b|ou _b;="|u-|;]‹L1;u
L1;u r;u-ࢼomv

Mrs Ayodhya Iddawela Perera Mr Thusitha Nakandala

;r†|‹;m;u-Ѳ-m-];uň ;r†|‹;m;u-Ѳ-m-];uň
"ŝm|;um-ࢼom-Ѳ$u-7; u-m1_-mhbm]

22 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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"&$!+ !$

ASSISTANT GENERAL MANAGERS

Mr Rajendra Ranasinghe Mr Sanath Abhayaratne Mr Sanjaya Gunawardena Mr Maheel Kuragama

vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň
$†vbm;vv ;ˆ;Ѳorl;m| ;rovb|o0bѲbv-ࢼom "|u-|;]b1Ѳ-mmbm]ŝ!;v;-u1_ r;u-ࢼomv

Mr Amal Kirihene Mr Prasantha De Silva Ms Nadi B Dharmasiri Mr Sisira Dabare

vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň ;-7o=-uh;ࢼm] vvbv|-m|;m;u-Ѳ-m-];uň
Corporate Credit $u;-v†u‹ !;1oˆ;ub;v

Mrs Achala Wickremaratne Mr Lalith Weragoda Mr Deepal De Silva Ms Dulsiri Jayasinghe

uo†r_b;=!bvhL1;u vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň vvbv|-m|;m;u-Ѳ-m-];uň
†l-m!;vo†u1;v u-m1_-mhbm] ourou-|; bm-m1;

SAMPATH SIMPLIFIED 23
CHIEF MANAGERS

Mr Dushyantha Dassanayaka Mr Asoka Manikgoda Mr Ananda Wijitha Mr Hemantha Marasinghe

_b;=-m-];uňѲ;1|uomb1 ;-7o=!;1oˆ;ub;v ;-7o=m=oul-ࢼom$;1_moѲo]‹ň _b;=-m-];uň7lbmbv|u-ࢼom
;Ѳbˆ;u‹_-mm;Ѳv Ѳ;1|uomb1 -|-uo1;vvbm]

Mr Priam Kasturiratna Mr Chatura Rudesh Mr Nalaka Gunawardena Mr Prasanna Mullegama

Chief Manager - Strategic ;-7o=$u-7;";uˆb1;vŝ _b;=-m-];uň"‹v|;lv†7b| _b;=-m-];uňu-m1_-mhbm]
Ѳ-mmbm] m|;um-ࢼom-Ѳr;u-ࢼomv

Mr Janaka Jayasuriya Mrs Kumari Jayasuriya Mr Pasan Manukith u-Ѵbm;ম]o7-

Chief Manager - Corporate Credit _b;=-m-];uňu-m1_-mhbm] ;-7o=m=oul-ࢼom$;1_moѲo]‹ň ;-7o= ;rovb|o0bѲbv-ࢼom
"‹v|;lv ;ˆ;Ѳorl;m|

24 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
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"&$!+ !$

Mr Lasantha Senaratne Mrs Aloka Ekanayake Mr Sumie Mithrapala Mr Senaka Hewavitharana

uo†rolrѲb-m1;L1;u _b;=-m-];uňmˆ;v|ou _b;=-m-];uňu-m1_-mhbm] _b;=;]-ѲL1;u
!;Ѳ-ࢼomv

Mrs Champika Nanayakkara Mr Shiran Kossinna Mr Kasun Fernando Mr Udara Suraweera

Chief Manager - Corporate Credit _b;=-m-];uňomv†l;u _b;=-m-];uňu-m1_-mhbm] _b;=-m-];uňr;u-ࢼomvŝ
-mhbm] †vbm;vvuo1;vv!;ň;m]bm;;ubm]

Mr Kusal De Silva Mr Lakmal Munasinghe Mr Kasun Ratnayake Mr Thushantha

Head of Card Centre, _b;=-m-];uňu-m1_-mhbm] _b;=-m-];uň!bvh Sumithraarachchi
ň!;lb‚-m1;ŝ-mho|;v Management _b;=-m-];uň"‹v|;lvŝ
r;u-ࢼomv uo1;7†u;v

SAMPATH SIMPLIFIED 25
SENIOR MANAGERS

Mr Prasada Gooneratne Mr Janaka Karunaratne Mr Chinthake De Silva Mr Keshan Dabare

";mbou-m-];uň -|-0-v; ";mbou!;]bom-Ѳ-m-];u ";mbou-m-];uňomv†l;u ";mbou-m-];uňomv†l;u
7lbmbv|u-ࢼom -mhbm] -mhbm]

Mr Madhupriya Dissanayake Mr Prabodha Cooray Mrs Nayana Jayasena Mr Bharana Jayawardena

";mbou!;]bom-Ѳ-m-];u ";mbou-m-];uňomv†l;u ";mbou-m-];uň$"‹v|;lv ";mbou!;]bom-Ѳ-m-];u
-mhbm] ;ˆ;Ѳorl;m|

uv-mofb;ম]o7- Mr Sudath Illeperuma Mr Amila Thewarapperuma Mr Manjula Seneviratne

";mbou-m-];uňomv†l;u ";mbou!;]bom-Ѳ-m-];u ;-7o="-Ѳ;v ";mbou-m-];uň-m1-vv†u-m1;
-mhbm]

Mr Priyanka De Silva Mrs Piyami Cooray Mr Chaminda Jayasinghe Mrs Muditha Liyanapathirana
Senior Manager - Corporate Senior Manager - Corporate ;-7o= -|-oˆ;um-m1;&mb| ";mbou!;]bom-Ѳ-m-];u
Credit Credit

26 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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"&$!+ !$

Mr Manjula Abeysundara Mr Anura Jayakody Mr Asantha Punchihewa Mr Rohana Aluthgedara

";mbou-m-];uň7lbmbv|u-ࢼom ";mbou-m-];uňomv†l;u Senior Manager - Corporate ";mbou-m-];uň b]b|-Ѳ-mhbm]
-mhbm] bm-m1; &mb|

Mr Vipula Kuruppuarachchi Mr Kithsiri Dodamgoda u-m-h-o_o‚‹ Mr Darshin Pathinayake

";mbou!;]bom-Ѳ-m-];u ";mbou!;]bom-Ѳ-m-];u ";mbou!;]bom-Ѳ-m-];u ";mbou-m-];uň-u7-uh;ࢼm]Ķ
!;lb‚-m1;vĶŝ-mho|;v
r;u-ࢼomv

Mr N Jeyaseelan Ms Subhashini Premachandra Mr Sudarshana Jayasekera Mr Janaka Jayawickrema

";mbou-m-];uňomv†l;u ";mbou-m-];uň$u;-v†u‹ ";mbou-m-];uňolrѲb-m1; ";mbou-m-];uň;|‰ouh
-mhbm] mˆ;v|l;m|v ";uˆb1;;m|u;

Mr M H U Dhananjaya Mr Aruna Jinadasa Mr Mahinda Amarasinghe Mr Pujitha Rajapaksa

Senior Manager - Corporate ";mbou!;]bom-Ѳ-m-];u ";mbou-m-];uňbub0-|_]o7- ";mbou-m-];uň-uh;ࢼm]
Credit u-m1_

SAMPATH SIMPLIFIED 27
SENIOR MANAGERS

Mr Crishantha Chaminda Mr Namal Gunawardena Mr Thushara Jayatunga uv_u‹v_-m|_boh†_;‚‹

";mbou-m-];uňomv†l;u ";mbou-m-];uň & ";mbou-m-];uň$";1†ub|‹ Senior Manager - Human
-mhbm] !;vo†u1;v

Mr Nalin Tillekeratne Mrs Sajani Abeysekera Mr Salinda Jayawardena Mr Anton David

";mbou-m-];uň;m|u-Ѳ Senior Manager - Corporate ";mbou!;]bom-Ѳ-m-];u ";mbou!;]bom-Ѳ-m-];u
uo1;vvbm]&mb| bm-m1;

Mr Asanka Liyanage Mrs Sachithri Fernando Mrs Gayani Jinadasa

";mbou-m-];uň bm-m1; ";mbou-m-];uňѲ-mmbm] ";mbou-m-];uň bm-m1;

28 SAMPATH BANK PLC Annual Report 2018

 MANAGING
OUR BUSINESS

_-bul-mĽv;vv-];30
-m-]bm] bu;1|ouĽv!;ˆb;‰34
†u(-Ѵ†;u;-ঞm]†vbm;vvo7;Ѵ38
"|u-|;]b1"†v|-bm-0bѴb|‹ u-l;‰ouh40
"|-h;_oѴ7;um]-];l;m|45

SUCCESSFUL
S T R AT E G I E S
SIMPLIFIED

Ѵo1h1_-bm
"-lr-|_-mh-11o†m|_oѴ7;uv1-mmo‰]b[lom;‹|o-m‹om;om|_;buvl-u|r_om;
1om|-1|Ѵbv|vblrѴ‹0‹†vbm]ļ"-lr-|_b]b[ĽŊ-r;uvomŊ|oŊr;uvom]b[bm]rѴ-oul
7;ˆ;Ѵor;7†vbm]vor_bvঞ1-|;70Ѵo1hŊ1_-bm|;1_moѴo]‹ĺ$_;-rrbv-ˆ-bѴ-0Ѵ;om|_;
oo]Ѵ;Ѵ-‹"|ou;-m7|_;rrѴ;rr"|ou;ĺ
CHAIRMAN’S
MESSAGE

"Despite such unprecedented

changes taking place all around
us, Sampath Bank succeeded
in delivering yet another solid
performance. Gross Income grew by
24.5% to cross the Rs 115 Bn mark
for the year 2018."

GRIƐƏƑŊƑƒ

Dear Stakeholders |_-|l-7;b|blrovvb0Ѵ;|ol;;|;1omolb1 7;l-m7ķbm1u;-v;7u;]†Ѵ-|ou‹1om|uoѴv

-lv†u;‹o†u;1-ѴѴ|_-|ƑƏƐѶ‰-v |-u];|vķ1-†vbm] ]uo‰|_|o1om|u-1| -m7|_;7;0|u;r-‹l;m|Ѵ;ˆ‹bm|uo7†1;7
0;Ѵb;ˆ;7|o0;|_;|†umbm]robm|=ou to ƒĺƒѷ=ou|_;mbm;lom|_v;m7;7ƒƏ|_ bm1|o0;uƑƏƐѶĺ †u|_;u|_;blr-bul;m|
|_;]Ѵo0-Ѵ;1omol‹ķ‰_b1_-[;u ";r|;l0;uƑƏƐѶĺ =-ѴѴbm]v_ou|o= ruoˆbvbombm]l;|_o71_-m];7=uol|_;
‹;-uvo=7†ѴѴ]uo‰|__-7v_o‰mvol; =ou;1-v|v=ou|_;|_bu71omv;1†ঞˆ;‹;-u ru;ˆbo†vѴ‹†v;7Şbm1†uu;71u;7b|ѴovvŞ
blruoˆ;l;m|bmƑƏƐƕĺ|‰-v|_;u;=ou; -m7|_;roѴbঞ1-Ѵbmv|-0bѴb|‹|_-|;u†r|;7bm l;|_o7|o-lou;=ou‰-u7Ѵoohbm]
t†b|;7bv1om1;uঞm]|ov;;|_;]Ѵo0-Ѵ  |_;Ѵ-‚;ur-u|o=ƑƏƐѶѴ;7|o"ub-mh-Ľv Ş;Šr;1|;71u;7b|ѴovvŞl;|_o7-v-u;v†Ѵ|
]uo‰|_vѴo‰|o-l;u;ƒĺƏѷbmƑƏƐѶĺ voˆ;u;b]m1u;7b|u-ঞm]0;bm]7o‰m]u-7;7 o=" !"Ɩ0;1olbm];@;1ঞˆ;=uolƐv|
$_;"ub-mh-m;1omol‹|oo1omঞm†;7 0‹oo7‹Ľvķ"ş-m7 b|1_ĺ -m†-u‹ƑƏƐѶĺ$_bvbm1u;-v;7|_;1†uu;m|
|ov|u†]]Ѵ;-lb7v|m;]-ঞˆ;_;-7‰bm7v ‹;-uŝv1oѴѴ;1ঞˆ;blr-bul;m|1_-u];
|‰-v-Ѵvo-7bL1†Ѵ|‹;-u=ou|_;0-mhbm] v†0v|-mঞ-ѴѴ‹ĺ
v;1|ouķl-uh;70‹7blbmbv_;71u;7b|

30 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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"&$!+ !$

GRIƐƏƑŊƐƏ

DIVIDEND YIELD
"While many in the industry have
6.91% interpreted this to be a threat, we see
it as an opportunity to increase our
ƔĺƓƔѷbmƑƏƐƕ Ƒƕѷ
bandwidth and project ourselves as the
#1 digital-enabled bank in Sri Lanka."

;vrb|;v†1_†mru;1;7;m|;71_-m];v |_;v;1om7"ub-mh-m;mঞ|‹|o;ˆ;u mƑƏƐѶķ‰;1-rb|-Ѵbv;7om-ѴѴ-ˆ-bѴ-0Ѵ;

|-hbm]rѴ-1;-ѴѴ-uo†m7†vķ"-lr-|_-mh 0;-rrobm|;7|o|_;bm7;Šĺ)_bѴ;7o orrou|†mbঞ;v|ov|u;m]|_;mo†u1†v|ol;u
v†11;;7;7bm7;Ѵbˆ;ubm]‹;|-mo|_;uvoѴb7 -1hmo‰Ѵ;7];|_-||_bvbv-1omvb7;u-0Ѵ; =u-m1_bv;-m7rovbঞomo†uv;Ѵˆ;v-v
r;u=oul-m1;ĺuovvm1ol;]u;‰0‹ -1_b;ˆ;l;m|=ou|_;-mhķ-llou; |_;0-mho=1_ob1;=ou-ѴѴ"ub-mh-mv
ƑƓĺƔѷ|o1uovv|_;!vƐƐƔml-uh=ou bm1Ѵbm;7|oѴooh-||_;0b]];urb1|†u;ĺ -|u†v|;7r-u|m;u|_-|v†rrou|v|_;
|_;‹;-uƑƏƐѶķ‰_bѴ;$=ou|_;‹;-u v|uom]Ѵ‹=;;Ѵ|_-|o†u-rrobm|l;m||o 1†v|ol;u|o-1_b;ˆ;-‰bmmbm]o†|1ol;
|o†1_;7!vƐƑmĺ |_;" uomঞ;u-uh;|ƐƏƏm7;Š bm]oo7ঞl;v-m70-7ঞl;vĺ);vr-u;7
‰bѴѴv;uˆ;-v-h;‹1-|-Ѵ‹v|bmu-bvbm]|_; mo;@ou|bm7;;r;mbm]u;Ѵ-ঞomv_brv
7bˆb7;m7o=!vƐѵĺƑƔr;uv_-u;‰-v 1o†m|u‹Ľvbmˆ;v|l;m|ruoCѴ;-m7r†মm] ‰b|_;Šbvঞm]1†v|ol;uvķr-‹bm]vr;1b-Ѵ
7;1Ѵ-u;7|ov_-u;_oѴ7;uv=ou|_;‹;-u "ub-mh-om|_;]Ѵo0-Ѵbmˆ;v|ouu-7-uĺ -‚;mঞom|ov†rrou||_ov;1_-ѴѴ;m];7
ƑƏƐѶĺ$_bvbv|_;mbm|_1omv;1†ঞˆ;‹;-u 0‹|_;|o†]_;1omolb11om7bঞomvĺ);
bm‰_b1_|_;-mh_-vv†11;;7;7bm ;|;ulbm;7|o0†bѴ7om|_;v; 0;]-m‰ouhbm]‰b|_o†u1†v|ol;uv|o
l-bm|-bmbm]|_;7bˆb7;m7r-‹o†|u-ঞo -1_b;ˆ;l;m|vķ‰;7;1Ѵ-u;7ƑƏƐѶ|o0;- u;Ŋv|u-|;]bv;|_;bu0†vbm;vvlo7;Ѵv
-0oˆ;ƒѵѷĺ1-m1omC7;m|Ѵ‹v|-|;|_-| ‹;-uo=-1ঞom-m70;]-m=o1†v;7;@ou|v |o;m-0Ѵ;|_;l|ov;uˆb1;|_;bu
o†u-0bѴb|‹|o7;Ѵbˆ;uomo†uruolbv;v;ˆ;m |ov|u;m]|_;mo†uv|u-|;]b1ˆ-Ѵ†;7ubˆ;uvĺ 1ollb|l;m|vbm-v†v|-bm-0Ѵ;l-mm;uĺ
bmঞl;vo=†m1;u|-bm|‹ķbv-|;v|-l;m||o
|_;vo†m7m;vvo=o†uv|u-|;]‹ĺ Customer Focus v-1†v|ol;uŊ1;m|ub10-mh‰;-Ѵvo
-ˆbm]0;;mbm0†vbm;vv=ou|_;r-v|ƒƏƳ 1omঞm†;7|oѴ;ˆ;u-];om7bvu†rঞˆ;
$_;"-lr-|_-mhv_-u;‰-vom;o= ‹;-uvķ‰;hmo‰|_-||o0;|u†Ѵ‹v†11;vv=†Ѵ |;1_moѴo]‹|ol;;|]uo‰bm]7;l-m7
|_;lov|-1ঞˆ;Ѵ‹|u-7;7v_-u;v-||_; ‰;l†v|†m7;uv|-m7o†u1†v|ol;uvķ =ou=-v|;uķvblrѴ;u-m7lou;u;vromvbˆ;
"|_uo†]_o†||_;‹;-uĺm1u;-v;7 u;vrom7|o|_;bum;;7v-m7u;t†bu;l;m|vķ 0-mhbm]voѴ†ঞomv-m7l-7;]oo7
v_-u;|u-7bm]ˆoѴ†l;vѴ;7"-lr-|_-mh -m7†Ѵঞl-|;Ѵ‹1u;-|;;Š1;rঞom-Ѵ ruo]u;vvbm;Šr-m7bm]o†urouoѴbo
|o0;bm1Ѵ†7;7bm|o|_;" uomঞ;u 1†v|ol;u;Šr;ub;m1;vbm-ѴѴ|_-|‰;7oĺ |_uo†]_7b]b|-Ѵ1_-mm;ѴvbmƑƏƐѶĺ
-uh;|ƐƏƏm7;Š7†ubm]b|vv;lbŊ-mm†-Ѵ );1omঞm†;|o1;l;m||_bv1ollb|l;m| "-lr-|_-mhmo‰o@;uvoˆ;uƒѶv;Ѵ=Ŋ
u;ˆb;‰bmƑƏƐѶķ|_;Cuv|Ѵo1-Ѵ0-mh-m7 0‹v|ubˆbm]|o0;ƐƏƏѷ1†v|ol;u1;m|ub1ĺ v;uˆb1;1_-mm;Ѵv|_-|;m-0Ѵ;1†v|ol;uv
|or;u=ouluo†ঞm;0-mhbm]|u-mv-1ঞomv
|_uo†]_lo0bѴ;-m77b]b|-Ѵ7;ˆb1;vĺ
Gross Income Dividend Payout Rao
IT Infrastructure
Rs Bn %
ml‹Ѵ-v|‹;-uĽvu;ˆb;‰ķ|o†1_;7om|_;
120 40 ;l;u];m1;o=ŝ bmŊ$;1_vŝ-m7ŝ$;ѴŊovŝ
‰_ov;7b]b|-Ѵ1-r-0bѴbঞ;v_-ˆ;;m-0Ѵ;7
38.0
100 37.6 |_;l|o7;Ѵbˆ;u;ˆ;uŊlou;7‹m-lb1
38
36.8
36.5 Cm-m1b-ѴvoѴ†ঞomvĺ)_bѴ;l-m‹bm|_;
80
36 bm7†v|u‹_-ˆ;bm|;uru;|;7|_bv|o0;-
60 |_u;-|ķ‰;v;;b|-v-morrou|†mb|‹|o
34 bm1u;-v;o†u0-m7‰b7|_-m7ruof;1|
40 o†uv;Ѵˆ;v-v|_;ŲƐ7b]b|-ѴŊ;m-0Ѵ;70-mh
32 bm"ub-mh-ĺ
20
115.3
47.0

67.6

92.6

xxx

0 30
2015 2016 2017 2018 2015 2016 2017 2018

SAMPATH SIMPLIFIED 31
CHAIRMAN’S MESSAGE

-lbm7;;7ˆ;u‹rѴ;-v;7|ov;;|_-|
"What is important for us is not just to keep |_-mhv|o|_;v;ruo-1ঞˆ;;@ou|vķ|_;
-mhĽvoˆ;u-ѴѴ!bvhuoCѴ;1omঞm†;7|o
pace with these changes but to constantly
u;l-bmv|-0Ѵ;bmƑƏƐѶĺ$_bv‰-v=†u|_;u
rethink our own business approaches in order 1omCul;70‹ b|1_!-ঞm]v-mh-|7ĺ
to become Sri Lanka’s first fully digital, world- Ő b|1_ő‰_b1_u;-Lul;7o†u-ঞom-Ѵ
!-ঞm]-|ƳŐѴh-ő‰b|_-"|-0Ѵ;†|Ѵoohĺ
class bank."
Capital Planning
†u1-rb|-ѴrѴ-mmbm]-1ঞˆbঞ;v=ouƑƏƐѶ
PROFIT BEFORE TAX );1omঞm†;|ov;||_;|om;=uol|_;|or ‰;u;7;Cm;70‹|_;"u;]†Ѵ-ঞomvĺ
0‹rѴ-1bm]-m;Š|u;l;Ѵ‹v|uom];lr_-vbv 11ou7bm]Ѵ‹ķ‰;u-bv;7!vƐƑĺƔm0‹‰-‹

Rs 18.3 Bn omo†uˆ-Ѵ†;vom7obm]|_;ub]_|0†vbm;vv o=-!b]_|vvv†;|ov†rrou|o†u$b;u

|_;ub]_|‰-‹bm1olrѴb-m1;‰b|_-ѴѴ 1-rb|-Ѵ-m7-=†u|_;u!vƕĺƔm0‹‰-‹o=
Ѵ-‰vķu;]†Ѵ-ঞomvķv|-m7-u7v-m71o7;v -7;0;m|†u;bvv†;|o0oov|$b;u1-rb|-Ѵĺ
!vƐѵĺѵmbmƑƏƐƕ ƐƐѷ |_-|-rrѴ‹|o†vĺvr-u|o=|_bvruo1;vvķ
|_;o-u7-m7vr;m|-1omvb7;u-0Ѵ; $_;-mhl-bm|-bm;7b|v"|-|†|ou‹
-lo†m|o=ঞl;u;ˆb;‰bm]-m7=†u|_;u bt†b7vv;|!-ঞoŐ"!ő‰;ѴѴ-0oˆ;|_;
v|u;m]|_;mbm]|_;$;ulvo=!;=;u;m1;o= u;t†bu;7Ѵ;ˆ;Ѵub]_||_uo†]_o†||_;‹;-uĺ
SHAREHOLDERS' FUND
-ѴѴ|‰;Ѵˆ;oˆ;um-m1;"†0ollb‚;;vĺ
Sustainability Goals

Rs 84.4 Bn ;-m‰_bѴ;ķ]bˆ;m|_;7;|;ubou-ঞm]
;1omolb11om7bঞomvķ-7;1bvbom‰-v
l-7;|ou;ˆb;‰|_;ubvh-rr;ঞ|;Ѵblb|v
"†v|-bm-0bѴb|‹_-v0;;mbm]u-bm;7bmo†u
ub]_|=uol|_;ˆ;u‹0;]bmmbm]-m7
_-v1omঞm†;7|o†m7;urbmo†u1ourou-|;
!vѵƒĺѵmbmƑƏƐƕ ƒƒѷ
=ouh;‹rouoѴbovĺvr-u|o=-=o1†v;7 1bঞŒ;mv_br-1ঞˆbঞ;vĺˆ;u|_;‹;-uv
;@ou||ou;-Ѵb]m;lrѴo‹;;v|o‰-u7v|_; o†uv†v|-bm-0bѴb|‹v|u-|;]‹_-v;ˆoѴˆ;7
-mhĽv-rruo-1_|oubvhl-m-];l;m|ķ|_; 1omvb7;u-0Ѵ‹-m7|o7-‹o†u;@ou|v
);_-ˆ;]u-7†-ѴѴ‹0;;m7;;r;mbm] -mh=o1†v;vom7;ˆ;Ѵorbm]|_;ub]_| -u;ruboubঞv;7-11ou7bm]|obvv†;vo=
o†ubmˆ;v|l;m|vbm$bm=u-v|u†1|†u; ˆ-Ѵ†;v-m70;_-ˆbo†uvo=;lrѴo‹;;v-m7 m-ঞom-Ѵblrou|-m1;v†1_-v1u;-ঞm]v;Ѵ=Ŋ
bmou7;u|o|u-mv=oulo†uv;Ѵˆ;vbm|o- 1om7†1|vu;]†Ѵ-u|u-bmbm]|_-|ruolo|;v v†v|-bmbm]vo1b;ঞ;vķ;7†1-ঞom=ou-ѴѴķ;|1ĺ
1Ѵb;m|Ŋ1;m|;u;7ķ7-|-Ŋ7ubˆ;mķ7b]b|-ѴѴ‹Ŋ |_;u;t†bu;70;_-ˆbo†uv-lom]|_;lĺ
;m-0Ѵ;70-mhĺm7-l_-rr‹|ov;;
|_-||_;v;bmˆ;v|l;m|v-u;Cm-ѴѴ‹1olbm]
bm|o=u†bঞomĺ oubmv|-m1;|_;7;1bvbom
|oloˆ;-‰-‹=uolѴ;]-1‹v‹v|;lv
-m7u;ˆ-lro†u1ou;-u1_b|;1|†u;ķ_-v
-ѴѴo‰;7†v|o-7or||_;0;v|bm1Ѵ-vv
vo[‰-u;bm1Ѵ†7bm]0Ѵo1h1_-bm|;1_moѴo]‹
|o7;ˆ;Ѵor7‹m-lb1m;‰=uom|Ŋ;m7
-rrѴb1-ঞomv|o1u;-|;-†mbC;70-mhbm]
;Šr;ub;m1;-1uovvo†u1_-mm;Ѵvĺm7‰;
-u;mo‰-0Ѵ;|o|†umo†|lou;ruo7†1|v
=-v|;uķ|_-mhv|obm1u;-v;7ruo1;vv
-†|ol-ঞomĺou;u;1;m|Ѵ‹‰;_-ˆ;-Ѵvo
v|-u|;7†vbm]7-|--m-Ѵ‹ঞ1v|oѴ;-umķ|;v|
-m7b|;u-|;ķ|_;v-l;‰-‹ŝ bmŊ$;1_vŝ7oĺ

Governance and Risk

$_;;mঞu;o-u7‰ouhv7bѴb];m|Ѵ‹|o
;mv†u;|_-||_;-mhbv‰;ѴѴ]oˆ;um;7-m7 "-lr-|_-mh‰-v|_;ruo†7‰bmm;uo=Cˆ;-‰-u7vbm1Ѳ†7bm]|_;śov|mmoˆ-ࢼˆ;-mho=|_;+;-uś
v†rrou|;70‹-v|uom]ubvhl-m-];l;m| -‰-u7-||_;-mh--‹$;1_mmoˆ-ࢼom‰-u7vƏƍƎѴ
1†Ѵ|†u;ĺ

32 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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 !$
"&$!+ !$

GRIƐƏƑŊƐƏ

"bm1;ƑƏƐѵ‰;_-ˆ;-Ѵvo1_ov;m vr;1b-Ѵ‰ou7o=|_-mhv|oo†u7‹m-lb1
"It is also noteworthy to |ov†rrou||_;&"†v|-bm-0bѴb|‹  ķu-m7- ;um-m7o=ou_bvঞu;Ѵ;vv
;ˆ;Ѵorl;m|o-ѴvŐ" vőķ0uo-7Ѵ‹ ;@ou|v|o;mv†u;|_;-mhv†11;;7v
mention that your Bank
-bl;7-|;m7bm]]Ѵo0-Ѵroˆ;u|‹ķruo|;1ঞm] 7;vrb|;-ѴѴo77vĺ
is well poised to achieve |_;rѴ-m;|-m7;mv†ubm]-ѴѴr;orѴ;;mfo‹
a one trillion balance r;-1;-m7ruovr;ub|‹ĺ |-h;|_bvorrou|†mb|‹|o-rru;1b-|;$;-l
"-lr-|_=ou|_;bu1ollb|l;m||o0†bѴ7bm]
sheet by year 2020." )b|_l†1_‰ouh|o0;7om;ķ‰;_-ˆ; -0-mh|_-|1omঞm†;v|oo†|r;u=oul
0;;m]u-7†-ѴѴ‹bm1u;-vbm]|_;-mm†-Ѵ r;;uv‰_bѴ;|u-mv=oulbm]|_;Ѵbˆ;vo=o†u
-ѴѴo1-ঞom|oo†u"!=†m7ķ|_uo†]_‰_b1_ v|-h;_oѴ7;uvĺ
Total Capital (Tier I + Tier II) -ѴѴv†v|-bm-0bѴb|‹-1ঞˆbঞ;v-u;7ubˆ;mĺ
$oo†u1†v|ol;uv-m77;rovb|ouvķu;-7bѴ‹
Rs Bn
The Future -7lb||_-|mom;o=o†u-1_b;ˆ;l;m|v
120 )_bѴ;|_;u;-u;1u;7b0Ѵ;vb]mv|o ‰o†Ѵ7_-ˆ;0;;mrovvb0Ѵ;‰b|_o†|‹o†u
v†]];v||_-||_;"ub-mh-m;1omol‹ v†rrou|-m7|-h;|_bvorrou|†mb|‹|o
100 ‰bѴѴ1olr-u-ঞˆ;Ѵ‹r;u=oul0;‚;ubm |_-mh‹o†=ou0-mhbm]‰b|_"-lr-|_-mhĺ
ƑƏƐƖķ-m†l0;uo=v|u;vvrobm|v‰bѴѴ );-u;|u†Ѵ‹]u-|;=†Ѵ|o‹o†=ou1_oovbm]
80 Ѵbh;Ѵ‹1omঞm†;|o-@;1||_;ruovr;1|vo= †v-v‹o†u0-mho=1_ob1;-m7u;-Lulo†u
l-m‹bm7†v|ub;vķh;‹-lom]|_;l0;bm] 1ollb|l;m||ov;uˆ;‹o†;ˆ;m0;‚;ubm
60 |_;-7Ŋ_o1-m7†mrѴ-mm;7u;]†Ѵ-|ou‹ |_;=†|†u;ĺ
1_-m];v|_-|_-ˆ;0;1ol;|_;Ѵ;-7bm]
40 1-†v;o=0†vbm;vv†m1;u|-bm|‹bm|_; ‹vbm1;u;]u-ঞ|†7;-Ѵvo|oo†u
103.2
48.5

61.3

80.9

1o†m|u‹ĺ0;Ѵb;ˆ;-=u-l;‰ouho=v|-0Ѵ; v_-u;_oѴ7;uv‰_o_-ˆ;u;l-bm;7=†ѴѴ‹
20 -m71omvbv|;m|0†vbm;vvroѴb1b;vbv|_; bmˆ;v|;7bmo†u]uo‰|_ĸ|_-mh‹o†=ou
2015 2016 2017 2018 ‹o†u1omঞm†bm]v†rrou|ķ‹o†u1omC7;m1;ķ
Cuv|v|;r|o‰-u7v1u;-ঞm]-1om7†1bˆ;
;mˆbuoml;m|=ouѴo1-Ѵ0†vbm;vv;vķ -m7-0oˆ;-ѴѴķ=ou‹o†u|u†v|ĺ!;v|-vv†u;7
bm1Ѵ†7bm]|_;0-mhbm]v;1|ouķ|o]uo‰-m7 |_-|‰;-u;=†ѴѴ‹1ollb‚;7|o];m;u-|;
1omঞm†;|oruovr;ubm|_;Ѵom]|;ulĺ |_;v†v|-bm-0Ѵ;ķruoC|-0Ѵ;u;|†umv‹o†
ub]_†ѴѴ‹;Šr;1|=uol†vbm|_;‹;-uv
$_-|0;bm]v-b7ķ=ou;v;;|_;r-1;o= -_;-7ĺ
1_-m];bmo†ubm7†v|u‹|o=†u|_;ubm|;mvb=‹
bm|_;1olbm]‹;-uvĺ)_-|bvblrou|-m| bm-ѴѴ‹ķ|o-ѴѴo†uo|_;uv|-h;_oѴ7;uv
=ou†vbvmo|f†v||oh;;rr-1;‰b|_ bm1Ѵ†7bm]|_;u;]†Ѵ-|ouvķ|_-mh‹o†
|_;v;1_-m];v0†||o1omv|-m|Ѵ‹u;|_bmh =ou‹o†uv†rrou|ķ‰b|_o†|‰_b1_o†u
o†uo‰m0†vbm;vv-rruo-1_;vbmou7;u -1_b;ˆ;l;m|v‰o†Ѵ7mo|_-ˆ;0;;m
|o0;1ol;"ub-mh-ĽvCuv|=†ѴѴ‹7b]b|-Ѵķ rovvb0Ѵ;ĺ
‰ouѴ7Ŋ1Ѵ-vv0-mhĺ

|bv-Ѵvomo|;‰ou|_‹|ol;mঞom|_-|
‹o†u-mhbv‰;ѴѴrobv;7|o-1_b;ˆ;-om;
"&!+
|ubѴѴbom0-Ѵ-m1;v_;;|0‹‹;-uƑƏƑƏĺ
_-bul-m
Appreciations
ƐƓ|_ ;0u†-u‹ƑƏƐƖ
$o1om1Ѵ†7;ķ‰bv_|o;Šru;vvl‹7;;r
-m7vbm1;u;]u-ঞ|†7;|o|_;o-u7
o= bu;1|ouv=ou|_;bu;m|_†vb-vঞ1
r-uঞ1br-ঞombm-ѴѴo-u7l-‚;uv-m7=ou
|_;1o†m|Ѵ;vv_o†uvvr;m|]†b7bm]o†u
oˆ;um-m1;"†0ollb‚;;vĺ

SAMPATH SIMPLIFIED 33
MANAGING
DIRECTOR’S REVIEW
GRIƐƏƑŊƐƓ

ml‹orbmbomķƑƏƐѶ1o†Ѵ70;b7;mঞC;7-vom;o=
"Our efforts to deepen the penetration |_;lov|1_-ѴѴ;m]bm]r;ubo7vbmu;1;m|_bv|ou‹ĺ);
v-‰|_;]Ѵo0-Ѵ;1omolb1]uo‰|_0;bm]lo7;u-|;om
into the SME segment were successfully |_;0-1h7uoro=‰;-h;mbm]bm|;um-ঞom-Ѵ|u-7;-m7
led by the Business Support Centre (BSC), bmˆ;v|l;m|v-v‰;ѴѴ-v;v1-Ѵ-ঞm]|u-7;|;mvbomv-lom]
l-fou;1omolb;vĺ)b|_lov|-7ˆ-m1;7-m7;l;u]bm]
which was carved out following the ;1omolb;v-Ѵbh;†m7;ur;u=oulbm]ķ]Ѵo0-Ѵ]uo‰|_bv
Paradigm Shift of 2017. I am quite pleased ;Šr;1|;7|o_-ˆ;u;-1_;7ƒĺƏѷbmƑƏƐѶķomѴ‹0;1-†v;
o=|_;v|uom]u;v†Ѵ|vu;rou|;70‹|_;v†r;uro‰;uvĺ
to see that the BSC’s door-step banking
model continues to be well received by the v‰-v|_;1-v;‰b|_l-m‹;l;u]bm];1omolb;vķ
"ub-mh-Ľv;1omol‹|oou;]bv|;u;7omѴ‹-lo7;u-|;
target market." ]uo‰|_o=ƒĺƒѷ=ou|_;mbm;lom|_v;m7;7ƒƏ|_
";r|;l0;uƑƏƐѶ-vv;ˆ;u-Ѵh;‹v;1|ouvu;l-bm;7
†m7;uru;vv†u;=ou|_;v;1om71omv;1†ঞˆ;‹;-uĺo‰
;1omolb1-1ঞˆb|‹ķ|_;‰b7;mbm]|u-7;]-r-m7|_;
v_-ur7;ru;1b-ঞomo=|_;u†r;;‰;u;|_;o|_;ul-bm
7bv|u;vvrobm|v=ou|_;Ѵo1-Ѵ;1omol‹bmƑƏƐѶĺ

l†v|-7lb||_-|‰_bѴ;|_;v;1om7bঞomv‰;u;=-u
=uolb7;-Ѵķ|_;7bL1†Ѵ|0-1h7uor1u;-|;7-m;Š1;ѴѴ;m|
orrou|†mb|‹=ou†v|o]-†];|_;-]bѴb|‹o=o†u0†vbm;vv
lo7;Ѵĸ|o|;v|b|vu;vbѴb;m1;-m7|o7;|;ulbm;b|v
1-r-1b|‹|o];m;u-|;-m7v†v|-bm-1olr;ঞঞˆ;
-7ˆ-m|-];;ˆ;mbm|o†]_ঞl;vĺ

Profit before Tax & Profit aer Tax

Rs Bn
20

15

10

5
18.3

12.1
12.6

16.6

12.1
9.1

6.1

9.1

0
2015 2016 2017 2018
Profit before Tax
Profit aer Tax

GROSS INCOME

Rs 115.3 Bn
!vƖƑĺѵmbmƑƏƐƕ ƑƔѷ
 $! &$!+ !$
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Operational Targets - ACHIEVED blr-1|o=‰;-h;1omolb1-1ঞˆb|‹‰-v 1-|;]oub;v-u;ruoˆbm]|o0;v†11;vv=†Ѵķ

;vrb|;‰_-|‰-v‰b7;Ѵ‹v;;m-v- =;Ѵ|-1uovvl-m‹v;1|ouvĺ!;7o†0Ѵbm] -v;ˆb7;m1;70‹|_;ƑƐĺѵѷ‹;-uŊomŊ‹;-u
Ѵ-1hѴ†v|u;1u;7b|7;l-m7ķ‰;v†11;;7;7 o†uu;1oˆ;u‹;@ou|vķ‰;=o1†v;7om bm1u;-v;bm|_;-mhĽv=;;Ŋ0-v;7bm1ol;ĺ
bm]uo‰bm]o†uu;|-bѴ-7ˆ-m1;vrouoѴbo lbmblbvbm]m;‰;m|u-m|v|o|_;
0‹ƐƏĺѵѷ=ouƑƏƐѶĺ$_bv0;Ѵb;ˆ;bv 0†1h;|ĺ);|oohv|;rv|o-vvbv|o†u oѴv|;u;70‹uo0†v|]uo‰|_bm0o|_
|_;u;v†Ѵ|o=o†u0uo-7Ŋ0-v;7Ѵ;m7bm] 1†v|ol;uv|oub7;o†||_;7bL1†Ѵ|ঞl;vķ -m7=;;Ŋ0-v;7bm1ol;ķo†u1ov|Ŋ|oŊ
-rruo-1_|_-|=o1†v;7om|-rrbm]bm|o-ѴѴ ‰_bѴ;v|u;m]|_;mbm]o†u1u;7b|1om|uoѴ bm1ol;u-ঞou;-1_;7-m-ѴѴŊঞl;Ѵo‰o=
u;|-bѴ1†v|ol;uv;]l;m|vķ1o†rѴ;7‰b|_- -m7rov|u;ˆb;‰ruo1;vv;vĺ$_-mhv|o ƒƔĺƖѷbmƑƏƐѶķ7;vrb|;_b]_;uor;u-ঞm]
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bm|o|_;"v;]l;m|‰;u;v†11;vv=†ѴѴ‹ ‹;-ubm1u;-v;o=Əĺƒѷĺ$_;Ѵo‰;u]uo‰|_
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;Šr;1|-ঞomvoml-m‹=uom|vĺ$_;-mhĽv !vƐĺƓmbm|_;ru;ˆbo†v‹;-uĺ";1om7Ѵ‹ķ
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|o]uo‰|_uo†]_o†||_;‹;-uķ-lb7v||_; ‹;-u|ou;-1_!vƐƐƔĺƒmbmƑƏƐѶĺ |_;‹;-ubm1u;-v;77†;|o|_;vѴb]_|
1omvbv|;m|7;l-m7=uol|_;Cm-m1b-Ѵ |oou;]bv|;u;7-v|uom]bm1u;-v;o=ƒƓĺƑѷ 7;|;ubou-ঞomo=o†urouoѴbot†-Ѵb|‹]bˆ;m
v;uˆb1;v-m7u;m;‰-0Ѵ;;m;u]‹v;1|ouvĺ oˆ;u|_;ru;ˆbo†v‹;-uķ7†;|o|_;v†11;vv |_;1†uu;m|m;]-ঞˆ;;1omolb11om7bঞomvĺ
;-m‰_bѴ;v|uom];lr_-vbvomo@v_ou; o=ঞl;Ѵ‹u;rub1bm]v|u-|;]b;v|_-|;m-0Ѵ;7 $_;o|_;uu;-vom=ou|_;bm1u;-v;bmo†u
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-u;--v‰;ѴѴķ;ˆ;mu;v†Ѵঞm]bm"-lr-|_ om-7ˆ-m1;v|oƐƒĺƔƏѷbmƑƏƐѶ=uol blrѴ;l;m|-ঞomo=" !"Ɩķ‰_b1_1-ѴѴ;7
-mh0;bm]-rrobm|;7-v|_;Ѵ;-7-uu-m];u ƐƒĺƑѵѷbmƑƏƐƕĺ-l-Ѵvo;m1o†u-];7 =ou-1_-m];bmruoˆbvbombm]lo7;Ѵv
|o-Ѵ-u];o@Ŋv_ou;ruof;1|bm|_;u;]bomĺ |ov;;|_-|o†u;@ou|v|o]uo‰=;;Ŋ0-v;7 =uol|_;ŝbm1†uu;71u;7b|Ѵovvŝ-rruo-1_
bm1ol;0o|_bm|_;|u-7;-m7momŊ|u-7; †v;7bm|_;r-v||oŝ;Šr;1|;71u;7b|Ѵovvŝ
m|_;7o‰mvb7;_o‰;ˆ;uķ‰;=o†m7 -rruo-1_ĺ
o†uu-ঞoloˆbm]†rbmƑƏƐѶķ-v|_;

Gross Advances & Its Growth

Rs Bn %
800 40

600 30
24
22
400 21 20
17

200 10
384

467

670
572

0 0
2015 2016 2017 2018
Gross Advances
Growth (RHS)

$_;-mh‰-vu;1o]mbv;7-vom;o="ub-mh-ĻvƎƍov|7lbu;7olr-mb;v-||_;śov|7lbu;7olr-mb;v
o="ub-mh-ƏƍƎѴś-‰-u7v1;u;lom‹ou]-mbv;70‹|_;m|;um-ࢼom-Ѳ_-l0;uo=oll;u1;Ķ"ub-mh-

SAMPATH SIMPLIFIED 35
MANAGING
DIRECTOR’S REVIEW

$o1olrѴ;|;o†u|u-mv=oul-ঞom-v-
"To complete our transformation as a truly digital |u†Ѵ‹7b]b|-Ѵ0-mhķo†uv|u-|;]‹-Ѵvo
=o1†v;7om7b]bঞv-ঞom-v-l;-mvo=
bank, our strategy also focused on digitisation vblrѴb=‹bm]ruo1;vv;v|o1u;-|;-lou;
as a means of simplifying processes to create a -]bѴ;or;u-ঞom-Ѵv|u†1|†u;|_-|‰o†Ѵ7
7ubˆ;ruo7†1ঞˆb|‹-m7Ѵo‰;u1ov|vĺ";মm]
more agile operational structure that would drive o†uv;Ѵˆ;v-l0bঞo†v|-u];|v|o-bl=ouķ
productivity and lower costs." ‰;l-7;1omvb7;u-0Ѵ;ruo]u;vvbmƑƏƐѶĺ
);v|-u|;7‰b|_|_;7b]bঞv-ঞomo=|_;
1†v|ol;uomŊ0o-u7bm]ruo1;vv|obm1u;-v;
|_;vr;;7-m7vblrѴb1b|‹‰b|_‰_b1_
COST TO INCOME ঞl;mo‰ĺ$_;|†umbm]robm|=ou†v‰-v-v
-1†v|ol;u1-mor;mm;‰-11o†m|vĺ
=-u0-1h-vƑƏƐƔ‰_;m‰;Cuv|;l0-uh;7

35.9%
$_bv‰-v=oѴѴo‰;70‹|_;uoѴѴo†|o=|_;
omo†u7b]b|-Ѵ|u-mv=oul-ঞomfo†um;‹ĺ
bѴ;;|7-|-v_-ubm]rѴ-oul|oblruoˆ;
-1_ruo]u;vvbˆ;v|;r|-h;mvbm1;|_;m
|_;vr;;7-m7-11†u-1‹o=bm|;um-Ѵ1u;7b|
_-v_;Ѵr;7†vu;-1_lou;1†v|ol;uvĺm7
-vv;vvl;m|ruo1;vvĺ
ƓƑĺƒѷbmƑƏƐƕ ƐƔѷ l†v|-7lb||_-||_;|_u;;Ŋ‹;-u_;-7
v|-u|‰;_-ˆ;oˆ;ur;;uvbvruoˆbm]|o0;
$_;rovbঞˆ;=;;70-1h‰;_-ˆ;u;1;bˆ;7
-|u;l;m7o†v-7ˆ-m|-];bmrovbঞombm]
=uolo†u1†v|ol;uvu;]-u7bm]|_;v;
"-lr-|_-v|_;rubl-u‹0-mh=oul-m‹o=
bm-ѴѴ‹ķ|_;m;‰ľ7;0|u;r-‹l;m|Ѵ;ˆ‹Ŀ bmbঞ-ঞˆ;v|;ѴѴv†v|_-|‰;-u;om|_;ub]_|
|_;v;1†v|ol;uvĺ
|_-|1-l;bm|o;@;1|=uolƐv|1|o0;u |u-1h-m7|_;-‰-u7v|_-|‰;1omঞm†;
ƑƏƐѶ-Ѵvo-‚u-1|;7-m-77bঞom-Ѵ1_-u]; |ou;1;bˆ;=†u|_;u-Lulv|_bv=-1|ĺ||_;
o‰;ˆ;u‰;7omo||-h;|_;Ѵb0;u|‹o=
o=!vƔƑƓm=ou|_;Ɠ|_t†-u|;uĺ -mh--‹$;1_mmoˆ-ঞom‰-u7vƑƏƐѶ‰;
0;bm]1olrѴ-1;m|‰b|_o†u-1_b;ˆ;l;m|v
v1ou;7|or_omo†uvķ1Ѵbm1_bm]|_;1oˆ;|;7
-m71omঞm†;|o‰ouh7bѴb];m|Ѵ‹|o
Risk Management - STRENGTHENED ŝov|mmoˆ-ঞˆ;-mho=|_;+;-uŝ-‰-u7ĺ
v|u;m]|_;mo†uѴ;ˆ;u-];-v|_;Ѵ;-7bm]
);-Ѵvo‰omv;ˆ;u-Ѵ1-|;]ou‹-‰-u7v
1-mv-‹‰b|_-0voѴ†|;1;u|-bm|‹|_-| 7b]b|-Ѵ0-mhbm"ub-mh-ĺmƑƏƐѶķ-m;‰
Ŋ|_;ŝ;v|-mh=ou!;|-bѴ-‹l;m|vŝķ
o†u-0bѴb|‹|o1omvbv|;m|Ѵ‹7;Ѵbˆ;uļ-0oˆ; 7b]b|-Ѵv|u-|;]‹‰-vuoѴѴ;7o†|o†|Ѵbmbm]
ŝ;v|ollom$1t†bu;uo=|_;+;-u
-ˆ;u-];Ľu;v†Ѵ|vor;u-ঞom-ѴѴ‹-m7 |_;h;‹|_u†v|-u;-v|_-||_;-mh
Ő1-|;]ou‹őŝķoˆ;u-ѴѴu†mm;u†r=ou|_;
Cm-m1b-ѴѴ‹oˆ;u|_;r-v||_u;;7;1-7;vķ ‰o†Ѵ70uo-7Ѵ‹=o1†vomoˆ;u|_;m;Š|
ŝŠ1;ѴѴ;m1;bmm|;uŊ-mh-‹l;m|v-lom]
1-m0;-‚ub0†|;7Ѵ-u];Ѵ‹|o|_;vo†m7m;vv |_u;;‹;-uvķ‰b|_-]u;-|7;-Ѵo=ঞl;
-mhvŝ-m7|_;u†mm;u†rbm|_;ŝ;v|
o=o†uubvhl-m-];l;m|=u-l;‰ouhĺ -m7u;vo†u1;v0;bm]bmˆ;v|;7|oѴbmhbm]
1t†bu;uom-mh--‹mѴbm;-‹l;m|
bm;Ŋ|†mbm]o†uubvh=u-l;‰ouhbv- |_;v;ruboubঞ;v-m70ubm]bm]|_;l|oѴb=;
Ѵ-oulŝĺm-77bঞom‰;v;1†u;7|_;
1omঞm†o†v-m7om]obm];Š;u1bv;|_-|‰; |_uo†]_o†u0†vbm;vvlo7;Ѵĺ
-‰-u7=ou|_;ŝ;v| b]b|-ѴѴ‹Ŋm-0Ѵ;7
†m7;u|-h;bmou7;u|oblruoˆ;o†uѴom]Ŋ
uo7†1|ņ";uˆb1;bm|_; bm-m1b-Ѵ";1|ouŝ-|
|;ulu;vbѴb;m1;ĺ "|;llbm]=uol|_bvķ‰;‰;u;-0Ѵ;|o
|_;"$ƏƐ-‰-u7vĺ
l-h;1omvb7;u-0Ѵ;_;-7‰-‹bmƑƏƐѶ
mƑƏƐѶķo†uubvhruboubঞ;v‰;u;l-bmѴ‹ b|v;Ѵ=|oCul†ro†urovbঞom-v|_;7b]b|-Ѵ
Investment in Team Sampath -
|‰oŊ=oѴ7ĸ1u;7b|ubvh-m71‹0;uv;1†ub|‹ 0-mhbm]rbom;;uĺ ou;Š-lrѴ;ķ|_;Ѵ-†m1_
ONGOING
ubvhĺ);l-7;v;ˆ;u-Ѵblruoˆ;l;m|v|o o=|_;"-lr-|_ľvѴbrŊѴ;vv0-mhbm]Ŀ-rrbv
v|u;m]|_;mo†u1u;7b|ubvhl-m-];l;m| r;u_-rv|_;lov|vb]mbC1-m|7;ˆ;Ѵorl;m| );u;l-bm-1†|;Ѵ‹-‰-u;|_-|o†u-0bѴb|‹
lo7;Ѵ-vr-u|o=-0uo-7;u;@ou||o bm|_;Ѵo1-Ѵ0-mhbm]bm7†v|u‹vbm1;|_; |o1olr;|;-m7v|-‹-_;-7o=r;;uvbv
l-bm|-bm-vv;|t†-Ѵb|‹ĺmr-u-ѴѴ;Ѵķ‰; Ѵ-†m1_o=$vbmƐƖѶƕĺ$_;(bu|†-Ѵ$;ѴѴ;u 1omঞm];m|om|_;t†-Ѵb|‹o=o†u|;-lĺ
bm1u;-v;7o†uˆb]bѴ-m1;|o‰-u7v|_; -1_bm;-m7|_;ľb]b[Ŀ-rrķ-r;uvomŊ ;m1;‰;_-ˆ;1omঞm†;7|obm1u;-v;o†u
;ˆ;uŊru;v;m|ubvho=1‹0;u1ubl;-m7 |oŊr;uvomˆbu|†-Ѵ]b[bm]rѴ-oulķ-u;- bmˆ;v|l;m|bmo†ur;orѴ;ĺmƑƏƐѶķ‰;
;m]-];7|_;v;uˆb1;vo=-7;7b1-|;7 =;‰o=|_;o|_;u0u;-h|_uo†]_ruo7†1|v vr;m|-|o|-Ѵo=!vƕƏĺƓmom|u-bmbm]
m=oul-ঞom";1†ub|‹L1;ubmѴbm;‰b|_ Ѵ-†m1_;7bmƑƏƐѶ|_-|]bˆ;v†v|_;Cuv|Ŋ -m77;ˆ;Ѵorl;m|-1ঞˆbঞ;vķ1olr-u;7|o
|_;u;1oll;m7-ঞomvv;|o†|†m7;u|_; loˆ;u-7ˆ-m|-];ĺ !vѵƖĺѶmbmˆ;v|;7Ѵ-v|‹;-u-m7
"Ľv0-v;Ѵbm;1‹0;uv;1†ub|‹v|-m7-u7vĺ !vѵƖĺƕmbmˆ;v|;7bmƑƏƐѵĺ
-l;m1o†u-];7|ov;;|_;_b]_-7orঞom
Digital Transformation - ON TRACK u-|;=ou|_;v;ruo7†1|vĺ oubmv|-m1;ķ Sustainability Initiatives -
‰b|_bm-=;‰v_ou|lom|_v-[;ub|vѴ-†m1_ IN PROGRESS
)_bѴ;l-m‹bm|_;0-mhbm]bm7†v|u‹-u;
omѴ‹mo‰0;]bmmbm]|ou;-Ѵbv;|_;ˆ-Ѵ†; ‰;=o†m7|_-|oˆ;uƓƕѷo=1-v_7;rovb|v †uv†v|-bm-0bѴb|‹-];m7-bv7ubˆ;m0‹om;
o=7b]bঞv-ঞomķ‰;-|"-lr-|_-mh_-ˆ; ‰;u;7om;|_uo†]_|_;ľvѴbrŊѴ;vv0-mhbm]Ŀ =†m7-l;m|-Ѵrubm1brѴ;Ŋ|_;u;vromvb0bѴb|‹
0;;m-‰-u;o=b|vblrou|-m1;=ouvol; -rrĺ |_-|‰;-v-0-mhķ_-ˆ;|oblruoˆ;|_;
Ѵbˆ;vo=-ѴѴ"ub-mh-mvĺ;bm]om;o=
|_;=;‰0-mhv|o_-ˆ;†m7;uv|oo7-m7

36 SAMPATH BANK PLC Annual Report 2018

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"ub-mh-Ļvĺ;v|
|ol-bm|-bmo†u=o1†vomblruoˆbm]|_; loˆbm]†r|‰orѴ-1;v
!;|-bѲ-mhĻ-m7
Ѵbˆ;vo=o†uv|-h;_oѴ7;uvķ-m7|_;0uo-7;u =uolѴ-v|‹;-uķ|o0;
ĺ;v|oll;u1b-Ѳ
1oll†mb|‹ķ‰_bѴ;l-hbm]-rovbঞˆ; u-mh;7C[_bm|_bv‹;-uĽv -mhĻ=ou|_;C[_
blr-1|om|_;;mˆbuoml;m|ĺmƑƏƐѶķ Ѵbvঞm]vĺ);‰;u;-Ѵvo 1omv;1†ࢼˆ;‹;-uĶ
‰;l-7;v|;-7‹ruo]u;vvom-ѴѴ=uom|vĸ u;1o]mbv;7-vom;o="ub -||_;ru;vࢼ]bo†v
‰;u;b|;u-|;7o†u1ollb|l;m||o|_; -mh-ĽvƐƏov|7lbu;7 )ouѲ7 bm-m1;
1†v|ol;u|_uo†]_0uo-7Ŋ0-v;7;@ou|v olr-mb;v-||_;ŝov| -mhbm]‰-u7v0‹
&ň0-v;7)ouѲ7
-bl;7-|1u;-ঞm];Š1;rঞom-Ѵ1†v|ol;u 7lbu;7olr-mb;vo=
bm-m1;-]-Œbm;
;Šr;ub;m1;vĺ);-Ѵvo‰ouh;77bѴb];m|Ѵ‹|o "ub-mh-ƑƏƐѶŝ-‰-u7v
blruoˆ;o†u;mˆbuoml;m|-Ѵ|u-1hu;1ou7 1;u;lom‹ou]-mbv;70‹
-m70oov|o†u1u;7;mঞ-Ѵv|o-1_b;ˆ; |_;m|;um-ঞom-Ѵ_-l0;u
1-u0omm;†|u-Ѵv|-|†v-m71omঞm†;7 o=oll;u1;ķ"ub-mh-
bmˆ;vঞm]bm"!-1ঞˆbঞ;v|_-|1-m0ubm] Ő"ő-m7|_;_-u|;u;7mvঞ|†|;o=
l;-mbm]=†Ѵvo1boŊ;1omolb10;m;C|=ou
†m7;uv;uˆ;7oul-u]bm-Ѵbv;71oll†mbঞ;v
-m-];l;m|11o†m|-m|vŐő"ub
-mh-bmr-u|m;uv_br‰b|_ -bѴ‹ $ķomķ
"We remain acutely
-1uovv|_;1o†m|u‹ĺ&m7;urbmm;70‹o†u -m7ĺ aware that our
|_u;;ŊrbѴѴ-u"!lo7;Ѵķ‰;1omঞm†;7
‰b|_o†uom]obm]ruo]u-ll;vbm-77bঞom Going Forward
ability to compete
|o†m7;u|-hbm]v;ˆ;u-Ѵm;‰ruof;1|vĺ ˆ;u|_;r-v|ƒƏƳ‹;-uvķ"-lr-|_-mh and stay ahead of
Awards and Accolades
_-vruoˆ;mঞl;-m7-]-bm|_-|‰;1-m peers is contingent
‰;-|_;u-m‹1_-ѴѴ;m];ĺˆ;mbm|_;lov|
$_-mhv|o|_bv-ѴѴŊuo†m7r;u=oul-m1;ķ 7bL1†Ѵ|ঞl;vķo†uu;v†Ѵ|vvr;-h|oo†u on the quality of our
‰;1omঞm†;|ou;1;bˆ;u;1o]mbঞom 1ollb|l;m||ol;;||_;;Šr;1|-ঞomv team. Hence we have
]Ѵo0-ѴѴ‹-m7Ѵo1-ѴѴ‹ĺ||_;ru;vঞ]bo†v o=o†uv|-h;_oѴ7;uv-m7†Ѵঞl-|;Ѵ‹|o
)ouѴ7 bm-m1;-mhbm]‰-u7v v†rrou|"ub-mh-Ľv;1omolb1]uo‰|_ĺ continued to increase
ƑƏƐѶ1om7†1|;70‹&Ŋ0-v;7)ouѴ7
bm-m1;l-]-Œbm;ķ"-lr-|_-mh‰-v obm]=ou‰-u7ķ‰;‰bѴѴ1omঞm†;|o7o
our investment in our
u;1o]mbv;7-v"ub-mh-Ľvļ;v|!;|-bѴ -ѴѴ|_bv-m7v|ubˆ;|o7ob|;ˆ;m0;‚;uķ people."
-mhĽ-m7ļ;v|oll;u1b-Ѵ-mhĽ=ou u;]-u7Ѵ;vvo=;Š|;um-Ѵru;vv†u;v|_-|
|_;C[_1omv;1†ঞˆ;‹;-uķ-|u;l;m7o†v l-‹1ol;o†u‰-‹=uolঞl;|oঞl;ĺ
-1_b;ˆ;l;m|]bˆ;m|_;vঞ@1olr;ঞঞom m7bm7obm]vo‰;;Šr;1||ov;bŒ;;ˆ;u‹ $o|_;|_u;;lbѴѴbom1†v|ol;uv‰_o
‰;=-1;=uolr;;uvĺ rovvb0Ѵ;orrou|†mb|‹|_-|‰bѴѴ;m-0Ѵ; 1_oov;|o0-mh‰b|_"-lr-|_-mhķ|o
†v|ou;-1_o†u]o-Ѵv=-v|;u-m7|_;m o†uv_-u;_oѴ7;uv-m7o|_;uv|-h;_oѴ7;uvķ
o1-ѴѴ‹‰;‰;u;u;1o]mbv;7-vom;o="ub bll;7b-|;Ѵ‹v;|o†uv;Ѵˆ;v;ˆ;mlou; |_-mh‹o†=ou‹o†u†m=-bѴbm]v†rrou|-|
-mh-Ľv0;v|r;u=oulbm]1olr-mb;v-| -l0bঞo†v|-u];|v|ov|ubˆ;=ouĺ -ѴѴঞl;vĺ

†ubll;7b-|;ruboub|‹|_;u;=ou;bv|o u;-7bѴ‹-1hmo‰Ѵ;7];|_-|mom;o=o†u
Investment in Training -1_b;ˆ;l;m|v‰o†Ѵ7_-ˆ;0;;mrovvb0Ѵ;
v;1†u;o†urѴ-1;-v|_;Ѵ;-7bm]7b]b|-Ѵ
Rs Mn 0-mh0‹ƑƏƑƏķb=mo|voom;uĺ"|;llbm] ‰b|_o†||_;_-u7‰ouhķ1ollb|l;m|
=uol|_bvķo†uѴom]Ŋ|;ulv|u-|;]‹bv|o -m77;7b1-ঞomo=$;-l"-lr-|_-m7
80
u;bmˆ;m|"-lr-|_-v|_;1o†m|u‹Ľv|or |-h;|_bvorrou|†mb|‹|o|_-mh;-1_-m7
|;1_moѴo]‹1olr-m‹ruoˆb7bm]Cm-m1b-Ѵ ;ˆ;u‹om;o=|_;l=ou1om|ub0†ঞm]|o-
voѴ†ঞomv=ou|_;l-vvl-uh;|ĺ v†11;vv=†Ѵ-m7u;‰-u7bm]‹;-ubm-7bL1†Ѵ|
60
;mˆbuoml;m|ĺ
In Closing
40
‰o†Ѵ7Ѵbh;|o|_-mh|_;_-bul-mķ-v
‰;ѴѴ-vl‹1oѴѴ;-]†;vom|_;o-u7=ou
20 |_;bu]†b7-m1;-m7v†rrou|‰_b1__-v   ! 
0;;m-vo†u1;o=bll;mv;v|u;m]|_=ou
-m-]bm] bu;1|ou
70.4
47.3

69.7

69.8

l;|_bvr-v|‹;-uĺ
0
2015 2016 2017 2018 oѴol0oķ"ub-mh-
ƐƓ|_ ;0u†-u‹ƑƏƐƖ

SAMPATH SIMPLIFIED 37
OUR VALUE CREATING
BUSINESS MODEL
mr†|v (-Ѵ†;u;-ঞomuo1;vv

bm-m1b-Ѵ-rb|-Ѵ
Ŏ $_;;t†b|‹-m77;0|1-rb|-Ѵ-v
‰;ѴѴ-v|_;u;|-bm;7;-umbm]v
-ˆ-bѴ-0Ѵ;|o]uo‰|_;0†vbm;vv
bmѴbm;‰b|_|_;-mhĽvv|u-|;]b1
ˆbvbomŐ-];ƔƓő
;- -77;7B†vbm;vvA1ঞˆbঞ;v
(-Ѵ†

-m†=-1|†u;7-rb|-Ѵ
Ѵo0-Ѵ
Ŏ $_;r_‹vb1-Ѵ-m77b]b|-Ѵ
†vbm;vv
u;vo†u1;v|_-|ruoˆb7;v†rrou|
|o1om7†1||_;1ou;0†vbm;vv
-1ঞˆbঞ;vo=|_;-mhŐ-];ƔѶő ourou-|; termaѴ emˆbrommem
Ѵa m 7 ex t
-mhbm] e rma
] b mt
oˆ;um-m1;
a ]bm
am Ő-];ƐƑƒő

M
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
Ŏ $_;bm|-m]b0Ѵ;-vv;|vķbm1Ѵ†7bm]
|_;hmo‰Ѵ;7];0-v;ķ†mbt†; | ;]b1Fo1†v
!;|-bѴ S|r-
v‹v|;lv-m7ruo1;vv;v-m7|_;
ѵő
-mhbm] Ő - ] h v
0u-m7;t†b|‹u;v†Ѵঞm]=uol|_; ;ƐƐ
(bvbom
!b v

v†11;vv-1_b;ˆ;7oˆ;u|_;r-v|
Ő-];ƐƑő
ƒƏƳ‹;-uvŐ-];ѵƑő
(-Ѵ†;v
†l-m-rb|-Ѵ Ő-];ƐƑő
Ŏ $_;ƓķƐѶƖl;l0;uvo=
Team Sampath who are the "†v|-bm-0bѴb|‹
h;‹-u1_b|;1|vo=|_;-mhĽv u-l;‰ouh
v†11;vvŐ-];ѵƓő Ő-];ƓƏő
 _ - ]; 
-ѴѴ ƓƏ
Ő

;m

229
];
v
ő

u-m1_;v
"o1b-Ѵş!;Ѵ-ঞomv_br-rb|-Ѵ
Ŏ $_;v|u;m]|_o=|_;
rrou|†mb|b;v
u;Ѵ-ঞomv_brv‰b|_1†v|ol;uvķ
Ő-];ƓƏő
419
v†rrѴb;uv-m7|_;1oll†mb|‹
Ő-];ƕƓő
$v

-|†u-Ѵ-rb|-Ѵ b]b|-ѴѴ-|=oul
Ŏ $_;m-|†u-Ѵu;vo†u1;v†ঞѴbv;7
bm|_;7-‹Ŋ|oŊ7-‹-1ঞˆbঞ;vo=
|_;-mhŐ-];ѶƓő

!;vo†u1;&ঞѴbv-ঞom †vbm;vvr;u-ঞomv

38 SAMPATH BANK PLC Annual Report 2018

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†|1ol;ņ†|r†| (-Ѵ†;u;-ঞom|o"|-h;_oѴ7;uv

bm-m1b-Ѵ-rb|-Ѵ
Ŏ uoC|-[;u$-Š Ĺ !vƐƑĺƐm
Ŏ !;|†umomt†b|‹ Ĺ ƐѵĺƏѷ "_-u;_oѴ7;uv
Ŏ -umbm]vr;u"_-u; Ĺ !vƓƔĺƐƒ
Ŏ -uh;|-rb|-Ѵbv-ঞom Ĺ !vѵѵĺƏm
Ŏ ;|-vv;|ˆ-Ѵ†;r;uv_-u; : !vƒƏƏĺƓƑ
Ŏ ;rovb|-v; Ĺ !vѵƖѶĺƐm
Ŏ $o|-Ѵ]uovv7bˆb7;m7 : !vƓĺѵm
Ŏ bˆb7;m7r;uv_-u; Ĺ!vƐѵĺƑƔ
Ŏ bˆb7;m7‹b;Ѵ7 : ѵĺƖƐѷ
-m†=-1|†u;7-rb|-Ѵ Ŏ m|;u;v|om7;0;m|†u;v : !vƓĺƐm
Ŏ ;‰ ;rovb|bovhv Ĺ ƐѶƑ
Ŏ vv;|-v; Ĺ !vƖƐƓĺƑm

lrѴo‹;;v
SME
-mhbm] Ŏ ;mvbomv1_;l;v
Ŏ "|-@Ѵo-mv-|1om1;vvbom-u‹u-|;v
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
Ŏ mˆ;v|l;m|omruo=;vvbom-Ѵ
Ŏ mˆ;v|l;m|bm$ Ĺ !vƔƐƕĺƏm
7;ˆ;Ѵorl;m|
Ŏ ;7b1-Ѵ0;m;C|v
"|- ];ƓƔő

$u;-v†u‹
Ő -
h;_
oѴ7

†v|ol;uvķ"†rrѴb;uv
;uv

†l-m-rb|-Ѵ ş";uˆb1;uoˆb7;uv
Ŏ uoC|r;ulrѴo‹;; Ĺ !vƑĺƖm
Ŏ lrѴo‹;;!;|;mঞom Ĺ ƖѶĺƏѷ
Ŏ mˆ;v|l;m|bm$u-bmbm] Ĺ !vƕƏĺƓm Ŏ 1omolb1ˆ-Ѵ†;7bv|ub0†|;7|o
7;rovb|ouv-m7Ѵ;m7;uvĹ!vƔƔĺƕm
Ŏ m_-m1;1†v|ol;u1omˆ;mb;m1;
v

|_uo†]_|_;†v;o=0u;-h|_uo†]_
Ő- $orb1

|;1_moѴo]‹
Ɠő

Ŏ m_-m1;v†rrѴb;ul-m-];l;m|
b-Ѵ
]; 

"o1b-Ѵş!;Ѵ-ঞomv_br-rb|-Ѵ l;1_-mbvlv
|;u

Ŏ !vƒƑĺѵmmˆ;v|l;m|bmoll†mb|‹
-

04 uof;1|v
"†0vb7b-ub;v Ŏ uol"! †m7 : !vƐƔĺƕm
Ŏ uol-mhŝv|_;u
†m7v : !vƐѵĺƖm
oll†mb|‹
52 Ŏ mˆ;v|bm$u-bmbm]"1_ooѴ;-ˆ;uv-m7
&m7;u]u-7†-|;v : !vƕƔĺƔm
;r-u|l;m|v
Ŏ ˆ;uƐƔѵķƏƏƏ7bu;1|0;m;C1b-ub;v
=uol1oll†mb|‹ruof;1|v
-|†u-Ѵ-rb|-Ѵ Ŏ lrѴo‹l;m|];m;u-ঞom : 322
Ŏ !vƕĺƔmmˆ;v|l;m|bm Ŏ "1_ooѴѴ;-ˆ;uv-m7†m7;u]u-7†-|;v
mˆbuoml;m|-Ѵ"! |u-bm;7 : ƐķѵƐƒ
Ŏ Ɛƒmˆbuoml;m|-Ѵ"!uof;1|v
Ŏ bm-m1;=ou!;m;‰-0Ѵ;m;u]‹
uof;1|v
!;]†Ѵ-|ouv
Ŏ ƖƔķƒƐƕh)_"oѴ-uo‰;u;m;u-ঞom
Ŏ ƐƐķƑѵƐ|2;-u0om oo|rubm|
Ŏ $-Š;vr-b7 Ĺ !vƐƑĺƒm

;1bvbom-hbm] lr-1|vv;vvl;m| !;ˆb;‰bm]ş!;rouঞm]

SAMPATH SIMPLIFIED 39
STRATEGIC SUSTAINABILITY
FRAMEWORK
|"-lr-|_-mhķ‰;ˆb;‰ |o‰-u7v"ub-mh-Ľvvo1boŊ;1omolb1-m7 lou;7;;rѴ‹bm|oo†uor;u-ঞomv0‹|-hbm]
v†v|-bm-0bѴb|‹-v-v|u-|;]‹|o;mv†u; ;mˆbuoml;m|-Ѵruo]u;vvĺ†u1ollb|l;m| 1o]mbv-m1;o=|_;orrou|†mbঞ;v-m7
|_;-mh1omঞm†;v|o-77ˆ-Ѵ†;|ob|v bv†m7;urbmm;70‹-1olru;_;mvbˆ;ƒѵƏŊ 1_-ѴѴ;m];v‰;=-1;-v-0-mhĺ
v|-h;_oѴ7;uvķ‰_bѴ;1om|ub0†ঞm]rovbঞˆ;Ѵ‹ 7;]u;;-rruo-1_|o-m1_ouv†v|-bm-0bѴb|‹

o1†vom$ubrѴ;o‚olbm; o1†vom"†v|-bm-0Ѵ; ;ˆ;Ѵorl;m|o-ѴvŐ" vő

 $

! $

ƒѵƏƏrruo-1_|o‰-u7v"†v|-bm-0bѴb|‹

uo7†1|
"|;‰-u7v_br Opportunities
Ŏ !-rb7;ˆoѴ†ঞombm7b]b|-Ѵ0-mhbm]

Ŏ -ঞom-Ѵv|u-|;]‹|o0†bѴ7-1-v_Ѵ;vv
vo1b;|‹
"|u-|;]‹-m7 "|-h;_oѴ7;u
m]-];l;m| Ŏ ;;7=ou]u;-|;uCm-m1b-Ѵbm1Ѵ†vbom
o1†v
bm"ub-mh-

3600 Ŏ lruoˆ;7;Š|;um-Ѵ|u-7;-m7
bmˆ;v|l;m|-1ঞˆbঞ;v
APPROACH TO
Ŏ oˆ;uml;m|=o1†vom7;ˆ;Ѵorbm]
SUSTAINABILITY
|_;"-m71omv†l;uѴ;m7bm]

rrou|†mbঞ;v
!bvh
-m7_-ѴѴ;m];v Challenges
-m-];l;m|
Ŏ $b]_|;mbm]lom;|-u‹roѴb1‹
l;-v†u;v

Ŏ "u;]†Ѵ-|ou‹1_-m];v
oˆ;um-m1;
Ŏ m|;um-Ѵ1_-m];l-m-];l;m|

Ŏ ‹0;uv;1†ub|‹-m7bm=oul-ঞom
v;1†ub|‹|_u;-|v

Ŏ "ঞ@1olr;ঞঞom=uolr;;uvķmom
0-mhbm]Cm-m1b-Ѵbmvঞ|†ঞomv-m7
bmŊ$;1_v

Ŏ "Ѵo‰7o‰mbm;1omolb1-1ঞˆbঞ;v
_-ˆbm]-m;]-ঞˆ;blr-1|om1u;7b|
]uo‰|_-m7v

40 SAMPATH BANK PLC Annual Report 2018

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GRIƐƏƑŊƐѶķƐƖķƑƏķƑƐķƑѵķƑƖ

Sustainability Governance
$_;ourou-|;"†v|-bm-0bѴb|‹ollb‚;;
bv|_;l-bm0o7‹bm1_-u];o=-ѴѴ
v†v|-bm-0bѴb|‹u;Ѵ-|;7l-‚;uv-|"-lr-|_
-mhĺ;-7;70‹|_;-m-]bm] bu;1|ouķ
|_;ourou-|;"†v|-bm-0bѴb|‹ollb‚;;
bvu;vromvb0Ѵ;=ouroѴb1‹7;ˆ;Ѵorl;m|ķ
v|u-|;]‹=oul†Ѵ-ঞom-m7]o-Ѵv;মm]
|o;mv†u;|_-|v†v|-bm-0bѴb|‹;@ou|v
-u;1-uub;7o†|bm-_oѴbvঞ1l-mm;u
|_uo†]_o†|-ѴѴ0†vbm;vv†mb|v‰b|_bm
|_;-mhĺ$_;ourou-|;"†v|-bm-0bѴb|‹
;r-u|l;m|bv-Ѵvo7bu;1|Ѵ‹u;vromvb0Ѵ;
=ou1-uu‹bm]o†|;Š|;um-Ѵruof;1|v|_-|
u;Y;1||_;-mhĽv1ollb|l;m||o|_;
" vĺvvbv|;70‹-_b]_Ѵ‹|u-mvr-u;m|
uof;1|-m-];l;m|uo1;vvķ|_;
ourou-|;"†v|-bm-0bѴb|‹ ;r-u|l;m|bv
|-vh;7‰b|_b7;mঞ=‹bm]-m7blrѴ;l;mঞm]
ruof;1|v|_-|0;m;C||_;;mˆbuoml;m|-m7
|_;‰b7;u1oll†mb|‹ĺ

Strategy and Focus Ŏ ;ˆ;u-];om|;1_moѴo]‹|o;m_-m1;

Ŏ olr;ঞঞˆ;Ѵ;m7bm]ruorovbঞomv|o 1†v|ol;u1omˆ;mb;m1; GRIƐƏƒŊƑ

ruolo|;]u;-|;uCm-m1b-Ѵbm1Ѵ†vbom Ŏ ov|orঞlbv-ঞom|_uo†]_ Sustainability Governance Structure

-1uovv|_;1o†m|u‹ bm|;]u-ঞom-m7-†|ol-ঞom
o-u7o= bu;1|ouv
Ŏ ;;r;m|_;r;m;|u-ঞombm|o|_; Ŏ mv†u;-7;t†-|;1-rb|-Ѵ-m7Ѵbt†b7b|‹
"-m71omv†l;uѴ;m7bm]v;]l;m|v 0†@;uvbm1olrѴb-m1;‰b|_"
|_uo†]_1†v|olbv;7voѴ†ঞomv -m-]bm] bu;1|ou
Ŏ "|u;m]|_;m]oˆ;um-m1;-m7ubvh
Ŏ -m-]bm]v‰_bѴv|-1_b;ˆbm] l-m-];l;m|=u-l;‰ouhvbmѴbm;‰b|_
ˆoѴ†l;]uo‰|_ "v|-m7-u7v
ŋ†l-m!;vo†u1;v
uo†r_b;= bm-m1b-ѴL1;u

uo†r_b;=†l-m!;vo†u1;L1;u

;-7o=-uh;ঞm]
ŋu-m1_-mhbm]

ŋ!;1oˆ;ub;v
";mbou ŋomv†l;u-mhbm]

Ŏ om|ub0†|;|o‰-u7v"ub-mh-Ľv  Ŏ Ѵb]m‰b|_u;rouঞm]-m77bv1Ѵov†u;
]uo‰|_0‹v†rrouঞm];1omolb1-ѴѴ‹Ŋ u;t†bu;l;m|v†m7;u" !"ƏƖ
vb]mbC1-m|v;1|ouv
Ŏ b]bঞv-ঞom-v-v|u-|;]‹|o;m_-m1;
Ŏ ;m;|u-ঞombm|om;‰l-uh;|v ˆ-Ѵ†;1u;-ঞom
Ŏ om1;m|u-|;om7;ˆ;Ѵorbm]7b]b|-Ѵ
1_-mm;Ѵv|oruolo|;Cm-m1b-Ѵ
bm1Ѵ†vbom

Ŏ ;1ol;-m;lrѴo‹;uo=1_ob1;
0‹o@;ubm]uo0†v|;lrѴo‹l;m|
orrou|†mbঞ;vķ|u-bmbm]-m71-u;;u
ruovr;1|v

Corporate
"†v|-bm-0bѴb|‹ ;r-u|l;m|

SAMPATH SIMPLIFIED 41
STRATEGIC SUSTAINABILITY
FRAMEWORK

Project Management Process (PMP) GRIƓƐƒŊƐ

7;mঞC1-ঞomo=oll†mb|‹ub;ˆ-m1;vņvv†;vŐubঞ1-Ѵom1;umvņ†u7;mvv†;vő

!;Ŋ-Ѵb]m Ѵb]m|ov†v|-bm-0bѴb|‹r-u-l;|;uv !;Ŋ-Ѵb]m

 ;m;u-|;"†v|-bm-0Ѵ;;m;C|vĵ -1bѴb|-|;"|-h;_oѴ7;um]-];l;m|ĵ 

;1Ѵbm; +" +" ;1Ѵbm;

uof;1|ˆ-Ѵ†-ঞom0‹|_;ourou-|;"†v|-bm-0bѴb|‹ollb‚;;

uof;1|lrѴ;l;m|-ঞomķomb|oubm]-m7"|-h;_oѴ7;um]-];l;m|

vvb]mbm]-&mb|;ˆ;Ѵ"†v|-bm-0bѴb|‹ollb‚;;ķ1olrubvbm]"-lr-|_|;-ll;l0;uvķ1oll†mb|‹
Step 1
Ѵ;-7;uv-m71†v|ol;uvņvo1b-ѴŐmomŊroѴbঞ1-Ѵőbm|;u;v|;7r-uঞ;vu;ru;v;mঞm]|_;-u;-

Step 2 u;r-u-ঞomo=-ruboub|‹Ѵbv|0-v;7omo†uv|†7‹Cm7bm]vņo0v;uˆ-ঞomv-m71oll†mb|‹l;l0;uvŝˆb;‰v

vvb]mbm]ruof;1|o0f;1ঞˆ;vķh;‹-1ঞomvķu;vo†u1;u;t†bu;l;m|vķঞl;=u-l;-m7
Step 3
bmˆoѴˆ;l;m|o="-lr-|_|;-ll;l0;uv

"|;rƓ lrѴ;l;mঞm]|_;ruof;1|bmѴbm;‰b|_-7;|-bѴ;7-1ঞomrѴ-m-m7ঞl;Ѵbm;

"|;rƔ omঞm†o†vlomb|oubm]-m7;ˆ-Ѵ†-ঞomo=ruof;1|1u;7;mঞ-Ѵv

"o1b-Ѵ-m7mˆbuoml;m|-Ѵ
ub;ˆ-m1;voѴˆ;7ĵ 
lr-1|vv;vvl;m|

+"

!;rouঞm]-m7!;1ou7;;rbm]

42 SAMPATH BANK PLC Annual Report 2018

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Ethics and Integrity GRIƐƏƑŊƐѵķƐƕķƑѵ $_;h;‹rbѴѴ-uvo=|_;=u-l;‰ouh-u;Ĺ ;-m‰_bѴ;ķ;lrѴo‹;;v‰_oˆboѴ-|;-m‹

|_b1v-m7bm|;]ub|‹-u;-mblrou|-m|r-u| Ŏ $_;o7;o=om7†1|=ou-ѴѴ o=|_;-=ou;l;mঞom;71o7;v‰bѴѴ0;7;-Ѵ|
o=o†u"|u-|;]b1"†v|-bm-0bѴb|‹ u-l;‰ouhĺ ;lrѴo‹;;v ‰b|_7bv1brѴbm-u‹-1ঞomĺ
†ѴѴ‹1ollb‚;7|o1om7†1|b|v0†vbm;vv
Ŏ $_;o7;o=om7†1|=ou;‹ Our commitment to the Sustainable
bm-m_om;v|-m7;|_b1-Ѵl-mm;uķ
-m-];l;m|;uvomm;ѴŐvő Development Goals
"-lr-|_-mhv|ub1|Ѵ‹-7_;u;v|o
Ŏ $_;o7;o=om7†1|-m7 $o;m_-m1;o†urovbঞom-v-v†v|-bm-0Ѵ;
0;v|ru-1ঞ1;vbm1Ѵ†7bm]-ѴѴ-rrѴb1-0Ѵ;
oˆ;um-m1;u;t†bu;l;m|v=ouo-u7 ou]-mbv-ঞomķ"-lr-|_-mh_-v-Ѵb]m;7
Ѵ-‰vķu†Ѵ;v-m7u;]†Ѵ-ঞomv‰b|_u;vr;1|
o= bu;1|ouv b|v;Ѵ=‰b|_|_;&mb|;7-ঞomv"†v|-bm-0Ѵ;
|o-mঞŊ1ouu†rঞom0;_-ˆbo†uĺ);-Ѵvo
;ˆ;Ѵorl;m|o-Ѵvķ=o1†vbm]vr;1bC1-ѴѴ‹
ruolo|;-1†Ѵ|†u;o=_om;v|‹-m7=-bu
Ŏ $_;)_bv|Ѵ;Ŋ0Ѵo‰bm]oѴb1‹ om-u;-v‰_;u;‰;-u;-0Ѵ;|ol-h;
7;-Ѵbm]ķ-m7;m1o†u-];;lrѴo‹;;v|o
Ŏ mঞŊlom;‹-†m7;ubm]oѴb1‹ |_;v|uom];v|blr-1||o‰-u7vblruoˆbm]
o0v;uˆ;;|_b1-Ѵ0†vbm;vvru-1ঞ1;v|_-|
|_;1o†m|u‹Ľv;1omolb1ķvo1b-Ѵ-m7
u;Y;1||_;1ourou-|;ˆ-Ѵ†;vķ1ourou-|; Ŏ mঞŊ=u-†7oѴb1‹ ;mˆbuoml;m|-Ѵbm7b1-|ouvĺm1-uu‹bm]o†|
1†Ѵ|†u;ķ0†vbm;vvrubm1brѴ;vķv|-m7-u7v-m7
Ŏ oѴb1‹omoll†mb1-ঞom v†1_bmbঞ-ঞˆ;vķ‰;v;;ho†|v|u-|;]b1
moulvo=0;_-ˆbo†u†mbt†;|o"-lr-|_
-ѴѴb-m1;v‰b|_m†l;uo†vou]-mbv-ঞomv-m7
-mhĺ †u|_;ulou;ķ|_;-mh_-vŒ;uo Ŏ oѴb1‹om-m-]bm]omYb1|vo= bmvঞ|†ঞomv-m7r-uঞ1br-|;bml†ѴঞrѴ;
|oѴ;u-m1;=ou0ub0;u‹-m71ouu†rঞom0‹ m|;u;v| m-ঞom-Ѵ;@ou|vķ=ou‰;0;Ѵb;ˆ;|_;omѴ‹
-m‹;lrѴo‹;;vou bu;1|ouvĺ
Ŏ uo1;7†u;om_-m7Ѵbm]!;Ѵ-|;7-u|‹ ‰-‹|o7;Ѵbˆ;uv†v|-bm-0Ѵ;7;ˆ;Ѵorl;m|bv
v|ub1|;|_b1v-m7bm|;]ub|‹1om|uoѴ $u-mv-1ঞomv 0‹‰ouhbm]|o];|_;uĺ
=u-l;‰ouhbvbmrѴ-1;|o;mv†u;|_-|
|_;_b]_;v|Ѵ;ˆ;Ѵo=;|_b1-Ѵ0;_-ˆbo†ubv $ou-bv;-‰-u;m;vv-m7v|u;m]|_;m|;-l
ru-1ঞ1;7-1uovv|_;0†vbm;vvĺ 1ollb|l;m||o|_;=u-l;‰ouhķ|-u];|;7
|u-bmbm]-1ঞˆbঞ;v-u;1om7†1|;7=uol
ঞl;|oঞl;ĺ

GRIƓƐƒŊƐ

"bŠ-rb|-Ѵv !;Ѵ;ˆ-m|"†v|-bm-0Ѵ; †uollb|l;m|

;ˆ;Ѵorl;m|o-ѴvŐ" vő

bm-m1b-Ѵ-rb|-Ѵ Ŏ lruoˆ;v1-Ѵ-0bѴb|‹o=|_;0†vbm;vv0‹1u;-ঞm]-m;m-0Ѵbm];mˆbuoml;m|
=ou|_;1†v|ol;u|o]uo‰

Ŏ o1†voml-m-];l;m||ov-=;]†-u7|_;-mhĽv0-Ѵ-m1;v_;;|

Ŏ mˆ;v|bm7b]b|-ѴrѴ-oulv|o7;ˆ;Ѵor1_;-r;uŊ0;‚;uŊ=-v|;uvoѴ†ঞomv|o
]uo‰|_;1†v|ol;u0-v;

Ŏ uo1;vv7b]bঞv-ঞom|oblruoˆ;or;u-ঞom-Ѵ;L1b;m1‹-m7u;7†1;|_;
1ov|Ŋ|oŊbm1ol;u-ঞo

-m†=-1|†u;7-rb|-Ѵ Ŏ m|uo7†1;7|_;vѴbrѴ;vv0-mhbm]-rrѴb1-ঞom|ou;7†1;|_;†v;o=r-r;u
=oulv|o=-1bѴb|-|;|u-mv-1ঞomvŐ7;rovb|vķ‰b|_7u-‰-Ѵvķ1u;7b|1-u7
v;‚Ѵ;l;m|v-m70bѴѴr-‹l;m|vőĺƑĺѵmm†l0;uo=|u-mv-1ঞomv‰;u;
7om;ˆb-|_;vѴbrѴ;vv0-mhbm]-rr

Ŏ -†m1_;7b]b[rr|o=-1bѴb|-|;r;uvomŊ|oŊr;uvom]b[bm]|_uo†]_0Ѵo1hŊ
1_-bm|;1_moѴo]‹
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
Ŏ m|uo7†1;7|_;(bu|†-Ѵ$;ѴѴ;u-1_bm;Ő($őŊ|_;($Ľv-7ˆ-m1;7
=†m1ঞom-Ѵb|‹v†rrou|v1†v|ol;uv|or;u=oul-u-m];o=0-mhbm]m;;7v
ŐƑƓŠƕő

Ŏ †v|-‹š-7orঞom|ol-h;1-v_Ѵ;vvr-‹l;m|v0;Ѵo‰!vƐƏķƏƏƏ
v;1†u;Ѵ‹-m7bmu;-ѴŊঞl;

SAMPATH SIMPLIFIED 43
STRATEGIC SUSTAINABILITY
FRAMEWORK

"bŠ-rb|-Ѵv !;Ѵ;ˆ-m|"†v|-bm-0Ѵ; †uollb|l;m|

;ˆ;Ѵorl;m|o-ѴvŐ" vő

†l-m-rb|-Ѵ Ŏ ƒƑƑm;‰u;1u†b|vķƐƑƕ‰;u;=;l-Ѵ;;lrѴo‹;;v

Ŏ ƑƑѶv|-@l;l0;uv‰;u;ruolo|;7ķƕƐ‰;u;=;l-Ѵ;;lrѴo‹;;v

Ŏ ƐķѵƐƒbm|;umv_brvruoˆb7;7ķ=;l-Ѵ;u;ru;v;m|-ঞom‰-vƕƔĺƒѷ

Ŏ ƑƑѷ=;l-Ѵ;u;ru;v;m|-ঞombmv;mboul-m-];l;m|

Ŏ ƑƐѷ=;l-Ѵ;u;ru;v;m|-ঞombm1ourou-|;l-m-];l;m|

"o1b-Ѵş!;Ѵ-ঞomv_br Ŏ "7;ˆ;Ѵorl;m|ruo]u-ll;ŋƖѶƏ;m|u;ru;m;†uv‰;u;|u-bm;7

-rb|-Ѵ 1oˆ;ubm];m|u-Ѵķou|_;m|u-Ѵķou|_);v|;umķ);v|;um-m7"o†|_;um
uoˆbm1;vbm"ub-mh-

Ŏ _-m‹-‰-|-mhu;v|ou-ঞomŋbuub]-ঞomv‹v|;l0;m;Cঞm]Ɩѵ=-ulbm]
=-lbѴb;vbm bˆ†Ѵ-mh-7‰-Ѵ-ķ;7bub]bub‹-ĺ

Ŏ -1bѴb|-|;7-ঞom-Ѵovrb|-Ѵo="ub-mh--m7 bˆbvbom-Ѵovrb|-Ѵķ
Ѵ-‹-r-‚†‰-ŋv;uˆ;lou;|_-mƑƐķƏƏƏr-ঞ;m|v

Ŏ ƓѶv1_oѴ-uv_brv-‰-u7;7|o†m7;urubˆbѴ;];7†m7;u]u-7†-|;vo=
&mbˆ;uvb|‹o=oѴol0o

Ŏ Ɛķƒƒѵv1_ooѴѴ;-ˆ;uv-m7Ƒƕƕ†m7;u]u-7†-|;v‰;u;ruoˆb7;7bm|;umv_br
orrou|†mbঞ;v

Ŏ ou;|_-mƐƐƏ†m7;u]u-7†-|;vr-uঞ1br-|;7=ou@;1ঞˆ;-u;;u
†b7-m1;ruo]u-ll;

Ŏ ou;|_-mƓƏƏv|†7;m|v0;m;C|;7=uolm|;u"1_ooѴ †bŒolr;ঞঞom
ruo]u-ll;

-|†u-Ѵ-rb|-Ѵ Ŏ bvrov;7ƐƓѶķѵƔƓ]o=‰-v|;r-r;u=ouu;1‹1Ѵbm]

Ŏ $_;-mho@v;||_;1-u0om;lbvvbomo=b|v;-7L1;0;bm];t†bˆ-Ѵ;m|
|oƓķƏƔƑ|2;-m7ruo7†1|1-u0om=oo|rubm|o=m|;]u-|;7mm†-Ѵ
!;rou|ƑƏƐѶ0;bm];t†bˆ-Ѵ;m||oƐƖĺѵ| 2;0‹r†u1_-vbm];uঞC;7
lbvvbomv!;7†1ঞomvŐ!vő=uol-_‹7uo;Ѵ;1|ub1ruof;1|u;]bv|;u;7
†m7;u&mb|;7-ঞomvĽ u;]bv|u‹ŐƑѵƖѶő

Ŏ !vƐķѵƏƔmCm-m1;7bmu;m;‰-0Ѵ;;m;u]‹];m;u-ঞomruof;1|v

Ŏ ƖƔķƒƐƕh)_;Ѵ;1|ub1b|‹‰-vv-ˆ;7|_uo†]_voѴ-uro‰;u];m;u-ঞom

Ŏ ŝ"-lr-|_u;;mmˆ;m|ouŝķ-m-ঞom-ѴѴ;ˆ;Ѵ1olr;ঞঞom|oruolo|;;1o
=ub;m7Ѵ‹bmˆ;mঞomvŊƑƔ‰bmm;uv‰;u;-‰-u7;7o†|o=ƐƖƖ1om|;v|-m|v
Őbm7bˆb7†-Ѵ-m7]uo†rvő

Ŏ lrѴ;l;m|-ঞomo=‰-v|;l-m-];l;m|_-0b|vŋlou;|_-mƔķƏƏƏ
v|†7;m|v‰;u;0;m;C|;7-|ņ"-m7bѴbr-‹bm7†"1_ooѴķ-mbr-‹-m7
-m7-u-m-‹-h;;m|u-ѴoѴѴ;];ķ(;‹-m]o7-

Ŏ obm;7_-m7‰b|_bo7bˆ;uvb|‹"ub-mh-|ou;v|ou;ƐƏ_-o=7;]u-7;7
=ou;v|bm-Ѵ]-_-‰-Ѵ-ķr-|_-|ov†rrou|1omv;uˆ-ঞomo=0bo7bˆ;uvb|‹

Ŏ -m7v1-rbm]ruof;1|-|-ঞom-Ѵmvঞ|†|;o=;m|-Ѵ;-Ѵ|_ķ†ѴѴ;ub‹-‰-
|ov†rrou|_;-Ѵbm]-m7u;1oˆ;u‹o=|_;l;m|-Ѵ_;-Ѵ|_o=oˆ;uƐķƔƏƏ
r-ঞ;m|vu;vb7bm]-||_;_ovrb|-Ѵ

44 SAMPATH BANK PLC Annual Report 2018

STAKEHOLDER
$! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!

ENGAGEMENT
 !$
"&$!+ !$
GRIƐƏƑŊƓƏķƓƑķƓƒķƓƓ

$-hbm]1o]mbv-m1;o=0o|_|_;;Š|;um-Ѵ Stakeholder Identification Process Stakeholder Engagement Process

-m7bm|;um-Ѵ;mˆbuoml;m|ķ‰;_-ˆ; );_-ˆ;bmrѴ-1;-uo0†v|v|-h;_oѴ7;u
7;|;ulbm;7|_-|o†uv|-h;_oѴ7;uv-u; ;m]-];l;m|l;1_-mbvl|_-|v;uˆ;v
!;ˆb;‰o=bm|;um-Ѵ-m7;Š|;um-Ѵ
|_ov;bm7bˆb7†-Ѵvou;mঞঞ;v‰_o-u; ;mˆbuoml;m|o=|_;0†vbm;vv -v-rѴ-oul|ob7;mঞ=‹v|-h;_oѴ7;u
1omm;1|;7|o"-lr-|_-mh|_uo†]_ r;u1;rঞomvķ†m7;uv|-m7|_;bu
o†uruo7†1|vķv;uˆb1;vķor;u-ঞomv ;Šr;1|-ঞomv-m7-77u;vv|_;bu1om1;umvĺ
ou1oll†mb|‹ruof;1|vĺ-v;7om vb7;=uolom]obm];m]-];l;m|ķ
7;mঞC1-ঞomo=
|_bvru;lbv;ķ‰;_-ˆ;b7;mঞC;7o†u v|-h;_oѴ7;u]uo†rv ‰;0;Ѵb;ˆ;|_-|u;]†Ѵ-uѴ‹u;ˆb;‰bm]
v|-h;_oѴ7;uv|o0;ĸv_-u;_oѴ7;uvķ -m7u;rouঞm]0-1homo†uruo]u;vvķ
1†v|ol;uvķ;lrѴo‹;;vķv†rrѴb;uvķ0†vbm;vv 0†bѴ7v|u†v|ķblruoˆ;vv|-h;_oѴ7;u
r-u|m;uvķu;]†Ѵ-|ou‹0o7b;v-m7|_; vv;vvl;m|o=blr-1|o=v|-h;Ŋ v-ঞv=-1ঞom-m7_;Ѵrv|ov†v|-bmѴom]
0uo-7;u1oll†mb|‹ĺ _oѴ7;uvom0†vbm;vv-1ঞˆbঞ;v
|;ulu;Ѵ-ঞomv_brv|_-|-77ˆ-Ѵ†;|oo†u
1olr;ঞঞˆ;v|u-|;]‹ĺ
bˆ;m|_-||_;-1ঞomvķ7;1bvbomv-m7
;Šr;1|-ঞomvo=v†1_v|-h;_oѴ7;uv uboubঞv;v|-h;_oѴ7;uv
‰b|_-vv;vvbm]|_;bum;;7vķ
blr-1||_;l-mm;ubm‰_b1_‰;1om7†1| ;Šr;1|-ঞomv-m7bm|;u;v|v
o†uor;u-ঞomvķ1omm;1ঞm]‰b|_o†u
v|-h;_oѴ7;ubv-h;‹ruboub|‹=ou
"-lr-|_-mhĺ

"†rrѴb;uvş";uˆb1;
"_-u;_oѴ7;uv lrѴo‹;;v †v|ol;uv !;]†Ѵ-|ouv oll†mb|‹
uoˆb7;uv

-m-]bm]v|-h;_oѴ7;uv

Ѵ-vvb=‹h;‹bvv†;v-m71om1;umv ;|;ulbm;l-|;ub-Ѵ|orb1v-m7 0|-bm1omঞm†o†v=;;70-1h|o

u-bv;70‹v|-h;_oѴ7;uv bm|;]u-|;bm|o0†vbm;vvruo1;vv;v 7;|;ulbm;v|-h;_oѴ7;uv-ঞv=-1ঞom

!;vrom7|ov|-h;_oѴ7;um;;7vķ;Šr;1|-ঞomv-m7bm|;u;v|v

ѴѴo1-|;m;1;vv-u‹u;vo†u1;v|o
v|-0Ѵbv_lov|;@;1ঞˆ;;m]-];l;m| &v;u;Ѵ;ˆ-m|;m]-];l;m|l;1_-mbvl
or;u-ঞom-Ѵbv;1_ov;m;m]-];l;m|
v|u-|;]‹=ou;-1_v|-h;_oѴ7;u]uo†r |o1u;-|;om]obm]7b-Ѵo]†;
l;|_o7oѴo]b;v

Stakeholder Engagement Mechanism

"_-u;_oѴ7;uv-m7o|_;ubmˆ;v|ouv
-m-];l;m|_bѴovor_‹Ĺmv†ubm]Ѵom]Ŋ|;ulv_-u;_oѴ7;uˆ-Ѵ†;-m7†r_oѴ7bm]|_;ub]_|vo=|_;v_-u;_oѴ7;u-m7v†rrouঞm]-0uo-7;u
v_-u;_oѴ7;u1omvঞ|†;m1‹|o;mv†u;|_;bu‰;-Ѵ|_l-Šblbv-ঞom
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
"_-u;_oѴ7;uu;Ѵ-ঞomv=ou†lv P y "_-u;_oѴ7;uv-ঞv=-1ঞomu;]-u7bm] y -bm|-bmbm]-1omvbv|;m|0o‚ol
;m;u-Ѵl;;ঞm]v ņ |_;-mhĽvCm-m1b-Ѵrovbঞom Ѵbm;
mm†-Ѵ!;rou| A y "_-u;_oѴ7;uˆb;‰vomh;‹ y mv†ubm]v†v|-bm-0Ѵ;u;|†umom
m|;ubl bm-m1b-Ѵ"|-|;l;m|v Q ]oˆ;um-m1;-m7roѴb1‹l-‚;uv bmˆ;v|l;m|Ő!b]_|vvv†;ƑƏƐѶ
bv1Ѵov†u;v-m7-mmo†m1;l;m|vom" P y ;ˆ;Ѵorl;m|o=v_-u;_oѴ7;u ‰-v1om1Ѵ†7;7ő
ourou-|;‰;0vb|; ƑƓņƕ 1oll†mb1-ঞom1_-mm;Ѵv y m]-]bm]bm]u;-|;u|u-mvr-u;m1‹
;m;u-Ѵ1ouu;vrom7;m1; R -11ou7bm]|o1ourou-|;
y !;|†umom;t†b|‹-m7bm|;u;v|
"!ruof;1|v R ]oˆ;um-m1;1o7;
]-bmv
y "|u-|;]‹-m71omঞm†b|‹ y -bm|-bmbm]|_;-mhĽvu;r†|-ঞom
-m71u;7b0bѴb|‹
y bm-m1b-Ѵr;u=oul-m1;
y "-=;]†-u7bm]-vv;|t†-Ѵb|‹
ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v

SAMPATH SIMPLIFIED 45
STAKEHOLDER ENGAGEMENT

lrѴo‹;;v
-m-];l;m|_bѴovor_‹Ĺollb|l;m||o1u;-|;-1om7†1bˆ;;mˆbuoml;m|=ou|_;;lrѴo‹;;v|o7;ˆ;Ѵor-m7u;-1_|_;buro|;mঞ-Ѵķ0o|_
ruo=;vvbom-ѴѴ‹-m7r;uvom-ѴѴ‹
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
r;mŊ7oouroѴb1‹ R y |_b1-Ѵ;lrѴo‹l;m|ru-1ঞ1;v y olr;ঞঞˆ;u;‰-u7v-m70;m;C|v
lrѴo‹;;=ou†lv P |o-‚u-1|-m7u;|-bm0;v||-Ѵ;m|bm
y -u;;u7;ˆ;Ѵorl;m|orrou|†mbঞ;v
lrѴo‹;;v†]];vঞomvv1_;l;v R |_;l-uh;|
ub;ˆ-m1;Ŋ_-m7Ѵbm]ruo1;7†u; R y lrѴo‹;;1oll†mb1-ঞom-m7
y uolo|;]u;-|;u7bˆ;uvb|‹-m7
lrѴo‹;;vo1b-Ѵ1ollb‚;;v R =;;70-1h
bm1Ѵ†vbom
;;70-1h=oulv A y !;‰-u7vņu;1o]mbঞom
†vbm;vv†mb|Ѵ;ˆ;Ѵl;;ঞm]v R y ;ˆ;Ѵor=uol‰b|_bm|_uo†]_
y lrѴo‹;;‰;ѴѴ0;bm] |u-bmbm]-m77;ˆ;Ѵorl;m|
m|u-m;| ƑƓņƕ
;lou-m7†lvņ bu;1ঞˆ;v R y )ouhŊѴb=;0-Ѵ-m1; y m1o†u-];]u;-|;u;m]-];l;m|
;‰vѴ;‚;uv Q
y ;u=oul-m1;ŋ0-v;7bm1;mঞˆ;v
$u-bmbm] R
;|Ŋ|o];|_;uvņˆ;m|v R y @;1ঞˆ;_-m7Ѵbm]o=]ub;ˆ-m1;v
"-lr-|_lrѴo‹;;oঞC1-ঞom"‹v|;l ƑƓņƕ y -bm|-bm_b]_v|-m7-u7vo=
Ő""ő o11†r-ঞom-Ѵ_;-Ѵ|_-m7v-=;|‹
"!ruof;1|v R
mѴbm;]uo†rv R y mv†u;;lrѴo‹;;vĽ‰;Ѵ=-u;

y ov|;u-v;mv;o=0;Ѵom]bm]m;vv
ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v

†v|ol;uv
-m-];l;m|_bѴovor_‹Ĺ&r_oѴ7|_;1†v|ol;uvĽub]_||o7;l-m7-v|-0Ѵ;-m7ruo]u;vvbˆ;0-mhbm];mˆbuoml;m|‰_b1_ruoˆb7;v-
v†r;ubouv;uˆb1;rѴ-oul-m7ruolo|;v1†v|ol;u1_ob1;ņ1omˆ;mb;m1;
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
m;ŊomŊom;=;;70-1h=uol1†v|ol;uv R y †v|ol;uv;uˆb1; y @;1ঞˆ;1olrѴ-bm|u;voѴ†ঞom
‰_oˆbvb||_;-mh
y "-ঞv=-1ঞomom;Šbvঞm]ruo7†1|v y -bm|-bmv;uˆb1;;Š1;ѴѴ;m1;
†v|ol;uv†uˆ;‹v1om7†1|;7ˆb- P
|u-7bঞom-ѴoumomŊ|u-7bঞom-Ѵu;v;-u1_ y u-m7r;u1;rঞom-m7u;r†|-ঞom y ;Ѵbˆ;u|;1_moѴo]‹Ŋ7ubˆ;m
|;1_mbt†;v 0-mhbm]voѴ†ঞomv
y †v|ol;u1omˆ;mb;m1;
"o1b-Ѵl;7b-bm|;u-1ঞomv ƑƓņƕ y omঞm†o†vbm|uo7†1ঞomo=
†v|ol;u1olrѴ-bm|_-m7Ѵbm] ƑƓņƕ y ;;7=oubmmoˆ-ঞomv-m7
bmmoˆ-ঞˆ;ruo7†1|v‰_b1_
l;1_-mbvl 1†v|olbv;7voѴ†ঞomv
ruolo|;]u;-|;u1†v|ol;u
$ķ$-m77b]b|-Ѵ1oll†mb1-ঞomv R y oll†mb1-ঞoml;|_o7v 1omˆ;mb;m1;
ouu;vrom7;m1; R
y "r;1b-Ѵruoloঞomv y @;1ঞˆ;l-uh;ঞm]-m7
""-Ѵ;u|v ƑƓņƕ
1oll†mb1-ঞom
ourou-|;);0vb|; ƑƓņƕ y $bl;Ѵ‹-m7u;Ѵ;ˆ-m|bm=oul-ঞom
"-lr-|_(bv_‰-Őbm|;um;|0-mhbm]ő ƑƓņƕ omruo7†1|v-m7v;uˆb1;v y -bm|-bmbm]7-|-v;1†ub|‹-m7
portal 1†v|ol;urubˆ-1‹
y †v|ol;u|o†1_Ŋrobm|v
†v|ol;u-u;;m|u; ƑƓņƕ
y uoloঞm]bvѴ-m7Ŋ‰b7;1†v|ol;u
"!ruof;1|v R y †v|ol;u0;m;C|v-m7u;‰-u7v
bm1Ѵ†vbˆ;m;vv
;;70-1h=oulvŊr-r;u0-v;7ņ R y o‹-Ѵ|‹u;1o]mbঞom
;Ѵ;1|uomb1l;7b†lv y ;‚;ul-uh;|v_-u;

ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v

46 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

"†rrѴb;uv-m7";uˆb1;uoˆb7;uv
-m-];l;m|_bѴovor_‹Ĺ"|ubhbm]|_;ub]_|0-Ѵ-m1;0;|‰;;m1ov|-m7t†-Ѵb|‹-m7ruoloঞm];|_b1-Ѵ-m7|u-mvr-u;m|vo†u1bm]ru-1ঞ1;v
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
m|;u-1ঞomv|_uo†]_|_;r†u1_-vbm] R y ;ˆ;Ѵorbm]v|u-|;]b1r-u|m;uv_brv y m]-]bm]bm=-bu-m7;t†b|-0Ѵ;
roѴb1‹ ruo1†u;l;m|
y uoloঞm]|u-mvr-u;m|-m7
;;70-1h;ˆ-Ѵ†-ঞomv AW
;|_b1-ѴѴ‹u;vromvb0Ѵ;0†vbm;vv y "†rrѴb;u!bvhvv;vvl;m|
;;ঞm]v AW
ru-1ঞ1;v l;1_-mbvl
(bvb|v|ov†rrѴb;u‰ouhv_orvņoL1;v P
)ub‚;m1oll†mb1-ঞomvŐѴ;‚;uv-m7 R y omঞm†o†v1oll†mb1-ঞom‰b|_ y om|u-1|†-Ѵ-]u;;l;m|v|o
;Ŋl-bѴvő v†rrѴb;uv-m7v;uˆb1;ruoˆb7;uv ruolo|;v†v|-bm-0Ѵ;ruo1†u;l;m|
!;ˆb;‰v-m7-vv;vvl;m|v P y !;]†Ѵ-uu;ˆb;‰vomt†-Ѵb|‹o= y o1-Ѵvo†u1bm]
]oo7v-m7v;uˆb1;v
y !;]bv|u-ঞomo=l†ѴঞrѴ;v†rrѴb;uv
-m7v;uˆb1;ruoˆb7;uv-v-
l;-v†u;

y -bm|;m-m1;o=-v†rrѴb;uv-m7
v;uˆb1;ruoˆb7;uu;]bv|;u

y ;ˆ;Ѵorbm]"m|u;ru;m;†uv
‰_bѴv|r†u1_-vbm]]oo7v-|Ѵo‰;u
1ov||_†v;mfo‹bm]-‰bmŊ‰bm
vb|†-ঞom=ou0o|_-mh-m7|_;
v†rrѴb;u

ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v )ŋv-m7‰_;mu;t†bu;7

"ķ"ş|_;uoˆ;uml;m|mvঞ|†ঞomv7bu;1|Ѵ‹u;Ѵ-|;7|o-mhbm]
-m-];l;m|_bѴovor_‹Ĺmv†u;1olrѴb-m1;‰b|_-ѴѴѴ;]-Ѵ-m7u;]†Ѵ-|ou‹u;t†bu;l;m|v
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
oѴb1‹7bu;1ঞˆ;vņ1bu1†Ѵ-uvķ]†b7;Ѵbm;v R y oѴb1‹7;1bvbomv-@;1ঞm]|_; y olrѴb-m1;‰b|_u;]†Ѵ-ঞomv
-m7or;u-ঞm]bmv|u†1ঞomv Cm-m1b-Ѵv;1|ou
y !;1ঞC1-ঞom-1ঞomvom
;;ঞm]v-m7=ou†lv P
y bv1-Ѵ1omvoѴb7-ঞomѴ-‰v v†r;uˆbvou‹1om1;umv
u;vvu;Ѵ;-v;v R
;ubo7b1-m7om;Ŋo@u;|†umv ņ) y "†0lbvvbomo=u;|†umv y mŊঞl;v†0lbvvbomo=v|-|†|ou‹
mŊvb|;-m7o@Ŋvb|;v†r;uˆbvbom ņ) u;|†umv-m7v|-|†|ou‹r-‹l;m|v
y $-Š;vr-b7|o|_;oˆ;uml;m|
$u-bmbm]ruo]u-ll;v R y !;vromv;-m71om|ub0†ঞom-|
l;;ঞm]vņ=ou†lv-m7|obmbঞ-ঞˆ;v
o=|_;u;]†Ѵ-|ouv

y b1uoķ"l-ѴѴ-m7;7b†l
m|u;ru;m;†uvѴ;m7bm]-m7
m|u;ru;m;†uv_br ;ˆ;Ѵorl;m|

y "†rrouঞm]|_;omŊomˆ;mঞom-Ѵ
!;m;‰-0Ѵ;m;u]‹v;1|ou

y "†rrou||ol-bm|-bmv|-0bѴb|‹bm
lom;‹-m7=ou;b]m;Š1_-m];
l-uh;|v

y ;Ѵrbmˆ;v|ouv|ol-h;0;‚;u
bmˆ;v|l;m|7;1bvbomv
ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v )ŋv-m7‰_;mu;t†bu;7

SAMPATH SIMPLIFIED 47
STAKEHOLDER ENGAGEMENT

oll†mb|‹
-m-];l;m|_bѴovor_‹Ĺ)ouhbm]bm|-m7;l‰b|_]Ѵo0-Ѵ-m7Ѵo1-Ѵl-m7-|;v‰_b1_v-=;]†-u7|_;;mˆbuoml;m|-m7ruolo|;1oll†mb|‹
;lro‰;ul;m|
m]-];l;m|;1_-mbvl u;t†;m1‹ -‚;uv!;Ѵ;ˆ-m||o|_; †u"|u-|;]b1!;vromv;
"|-h;_oѴ7;uv
uo†m7ŊѴ;ˆ;Ѵbm|;u-1ঞomv‰b|_ R y oll†mb|‹1-r-1b|‹0†bѴ7bm] y "o1b-ѴѴ‹Ŋu;vromvbˆ;|u-mv=oul-ঞˆ;
1oll†mb|‹Ѵ;-7;uv0‹v|-@ CSR model
y oll†mb|‹;lro‰;ul;m|
m|;u-1ঞomv‰b|_vo1b-Ѵ]uo†rv-m7 R
y $u-mvr-u;m1‹-m7]oˆ;um-m1;
ˆoѴ†m|;;uou]-mbv-ঞomv y "o1b-Ѵ‰;Ѵ=-u;o=1oll†mbঞ;v
;;70-1h=oulvņ;mˆbuoml;m|]ub;ˆ-m1; R y oll†mb|‹;m]-];l;m|
y mˆbuoml;m|-Ѵ7;]u-7-ঞom
_-m7Ѵbm]l;1_-mbvl y lrѴo‹;;ˆoѴ†m|;;ubvl
bv1†vvbomv‰b|_Ѵo1-Ѵ-†|_oubঞ;v R y u;v;uˆ-ঞomo=Ѵo1-Ѵ1†Ѵ|†u;
bv1†vvbom‰b|_o|_;uou]-mbv-ঞomvķ R y ;1ol;-1-|-Ѵ‹v|=ou1_-m];
1oll†mb|‹-m7orbmbomѴ;-7;uvom
1oll†mb|‹7;ˆ;Ѵorl;m|;@ou|v
;7b-Ŋ0-v;7=ou†lv R
"!ruof;1|v R
ŋmm†-ѴѴ‹ ŋ;ubo7b1-ѴѴ‹ ŋ †-u|;uѴ‹ !ŋ!;]†Ѵ-uѴ‹ ƑƓņƕŋƑƓ_o†uvƕ7-‹v

Memberships of Associations GRIƐƏƑŊƐƒ

"-lr-|_-mh_;Ѵ7l;l0;uv_bro=|_;=oѴѴo‰bm]bm7†v|u‹0-v;7-vvo1b-ঞomv-m7m-ঞom-Ѵ-m7bm|;um-ঞom-Ѵ-7ˆo1-1‹
ou]-mbv-ঞomv‰b|_|_;loঞˆ;o=l-bm|-bmbm]v†v|-bm-0Ѵ;u;Ѵ-ঞomv_brv‰b|_v|-h;_oѴ7;uv-m71om|ub0†ঞm]|o0;‚;ul;m|o=|_;
bm7†v|u‹-m7m-ঞom-v-‰_oѴ;ĺ

-l;o=|_;vvo1b-ঞom ;l0;uv_br"|-|†v
l;ub1-m_-l0;uo=oll;u1;bm"ub-mh- ;l0;u
vvo1b-ঞomo=olrѴb-m1;L1;uvo=-mhvķ"ub-mh- ;l0;u
vvo1b-ঞomo=ubl-u‹ ;-Ѵ;uvŐ ő ;l0;u
Ѵ;-ubm]vvo1b-ঞomo=-mh;uv ;l0;u
"!-mh-Ő†-u-m|;;ő|7 ;l0;u
m|;um-ঞom-Ѵ_-l0;uo=oll;u1;ŋ"ub-mh- ;l0;u
|-Ѵb-m†vbm;vvo†m1bѴ ;l0;u
-mh-Ѵ;-uŐˆ|ĺő|7 ;l0;u
-mh- bm-m1b-Ѵ";uˆb1;v†u;-†Ő "ő ;l0;u
-mh-") $&v;uuo†rŐ"&ő $u;-v†u;uşvvbv|-m|$u;-v†u;u
;-vbm]o†m1bѴvo=-mh;uvbm"ub-mh- ;l0;uş";1u;|-u‹
-‹l;m|-u7vvo1b-ঞomo="ub-mh- ;l0;u
"o1b;|‹=ou)ouѴ7‰b7;m|;u0-mh bm-m1b-Ѵ$;Ѵ;1oll†mb1-ঞomŐ") $ő ;l0;u
"ub-mh-vvo1b-ঞomo="o[‰-u;ş";uˆb1;olr-mb;vŐ"""ő ;l0;u
"ub-mh--mhĽvvvo1b-ঞomŐ†-u-m|;;ő|7 ;l0;u
"ub-mh-†vbm;vvşbo bˆ;uvb|‹Ѵ-oulo=;‹Ѵom_-l0;uo=oll;u1; -|uom;l0;u
"ub-mh- ou;Švvo1b-ঞomŐ" ő ;l0;u
$_;lrѴo‹;uvŝ ;7;u-ঞomo=;‹Ѵom ;l0;u
$_;vvo1b-ঞomo=-mhbm]";1|ou!bvhuo=;vvbom-Ѵvŋ"ub-mh- ;l0;u
$_;;‹Ѵom_-l0;uo=oll;u1; -|uom;l0;u
$_;†uor;-m_-l0;uo=oll;u1;o="ub-mh- ;l0;u
$_; bm-m1b-Ѵl0†7vl-m"ub-mh-Ő†-u-m|;;ő|7 ;l0;u
$_;-ঞom-Ѵ_-l0;uo=oll;u1;o="ub-mh- ;l0;u
Šrou|;uvvvo1b-ঞomo="ub-mh- ;l0;u
-ঞom-Ѵ_-l0;uo=Šrou|;uvo="ub-mh- ;l0;u

48 SAMPATH BANK PLC Annual Report 2018

 3
MANAGEMENT
DISCUSSION &
ANALYSIS

r;u-ঞm]mˆbuoml;m|50
-rb|-Ѵ-m-];l;m|!;rou|v53
†vbm;vv!;rou|v91

S TA K E H O L D E R
S AT I S FA C T I O N
SIMPLIFIED
HELLO!

o]mbঞˆ;";uˆb1;v
"bv-mŊro‰;u;7_-|0o||_-|7;-Ѵv‰b|_1†v|ol;ubmt†bub;v-0o†|7bˆ;uv;
"-lr-|_-mhv;uˆb1;vķbm1Ѵ†7bm]bm=oul-ঞom-0o†|0-mh-11o†m|vķ1u;7b|-m7
7;0b|1-u7vķѴo-mvķѴ;-vbm]-m7r-‰mbm]=-1bѴbঞ;vķbm|;u;v|u-|;v-m7;Š1_-m];u-|;vĺ
"bv-ˆ-bѴ-0Ѵ;om|_;-mhĽv1ourou-|;‰;0vb|;ķ -1;0ooh;vv;m];u-m7o|_;u
l;vv-]bm]rѴ-oulvĺ
OPERATING
ENVIRONMENT

"In all, global growth

is projected to have
reached nothing more
than a moderate 3% in
2018, given the broad-
based deceleration in
growth across both
emerging and advanced
economies. The only
notable exception to this
was the US economy,
where solid growth was Ѳo0-Ѳ;1omolb1]uo‰|_lo7;u-|;7bmƏƍƎѴ-lb7v|-vo[;mbm]o=bm7†v|ub-Ѳ-1ࢼˆb|‹-m7-mo|-0Ѳ;

reported for 2018." |u-7;7;1;Ѳ;u-ࢼom

Overview of Global Economic 7;1;Ѵ;u-ঞombm]uo‰|_-1uovv0o|_

GLOBAL GDP GROWTH
Performance ;l;u]bm]-m7-7ˆ-m1;7;1omolb;vĺ$_;

3.0%
Ѵo0-Ѵ;1omolb1]uo‰|_lo7;u-|;7bm omѴ‹mo|-0Ѵ;;Š1;rঞom|o|_bv‰-v|_;
ƑƏƐѶ-lb7v|-vo[;mbm]o=bm7†v|ub-Ѵ &";1omol‹ķ‰_;u;voѴb7]uo‰|_‰-v
-1ঞˆb|‹-m7-mo|-0Ѵ;|u-7;7;1;Ѵ;u-ঞomĺ u;rou|;7=ouƑƏƐѶĺ
ƒĺƐѷbmƑƏƐƕ ƐƏ0rv oѴѴo‰bm]|_;v|uom]lol;m|†lbmƑƏƐƕķ
]uo‰|_bm]Ѵo0-Ѵ]oo7v|u-7;l-uh;7Ѵ‹ &mb|;7"|-|;v
vѴo‰;77†ubm]|_;Cuv|_-Ѵ=o=ƑƏƐѶ mƑƏƐѶķ|_;&";1omol‹bv;vঞl-|;7
‰b|_moˆbvb0Ѵ;vb]mvo=u;1oˆ;u‹;ˆ;m |o_-ˆ;]uo‰m0‹ƑĺƖѷķ0oѴv|;u;70‹
bm|_;v;1om7_-Ѵ=o=|_;‹;-uĺѴo0-Ѵ v|uom];uŊ|_-mŊ;Šr;1|;77ol;vঞ17;l-m7
Import Expenditure & Export Earnings ;t†b|‹rub1;v-Ѵvo|†l0Ѵ;7-vom]obm] -m7v†rrou|;70‹‰b7;vru;-7Cv1-Ѵ
USD Bn |u-7;|;mvbomv-lom]l-fou;1omolb;v vঞl†Ѵ†v-v‰;ѴѴ-v|_;-11ollo7-ঞˆ;
25 -m71om1;umv-0o†|vo[;mbm]]Ѵo0-Ѵ lom;|-u‹roѴb1‹v|-m1;o=|_;&" ;7;u-Ѵ
]uo‰|_ruovr;1|v‰;b]_;7bmombmˆ;v|ou !;v;uˆ;ĺ
20 v;mঞl;m|ĺm;u]‹rub1;v|oou;Y;1|
vb]mbC1-m|Y†1|†-ঞomv|_uo†]_o†||_; o‰;ˆ;u|_;&"7b7;m1o†m|;ub|vv_-u;
15 ‹;-uķ‰_bѴ;o|_;u1ollo7b|‹rub1;v-Ѵvo o=1_-ѴѴ;m];vbmƑƏƐѶ=oѴѴo‰bm]|_;bu
‰;-h;m;7ķbm1u;-vbm]|_;ruo0-0bѴb|‹ 7;1bvbom|ou-bv;|-ub@vom-0o†|&" 
10 o=m;]-ঞˆ;_;-7‰bm7v=ou1ollo7b|‹ ƒƏƏm‰ou|_o=blrou|vķlov|Ѵ‹=uol
;Šrou|;uvĺ _bm-ĸ‰_b1_Ѵ;7|ou;|-Ѵb-|ou‹-1ঞom=uol
5 o|_;u1o†m|ub;v‰b|_1o†m|;uŊ|-ub@vom
20.5

10.9
18.9

10.5

19.2
10.3

21.0

11.4

ou;oˆ;uv|u;m]|_;mbm]o=|_;&" -0o†|&" ƐƔƏm‰ou|_o=&";Šrou|vĺ

0 7oѴѴ-uѴ;7|o_;b]_|;m;7Cm-m1b-Ѵl-uh;| m-ѴѴķm;‰|-ub@v_-ˆ;0;;mblrov;7om
2015 2016 2017 2018
Nov. ˆoѴ-ঞѴb|‹=uollb7ŊƑƏƐѶķ‰b|_ubvbm] -0o†|ƐƑѷo=&"]oo7vblrou|vu;v†Ѵঞm]
Import Expenditure
ubvhru;lb†lv1-†vbm]vb]mbC1-m|1-rb|-Ѵ bm_b]_;urub1;v-m7;Ѵ;ˆ-|;7roѴb1‹
Export Earnings
o†Ѵo‰-m7v;ˆ;u;1†uu;m1‹ru;vv†u;v=ou †m1;u|-bm|‹ĺ
ˆ†Ѵm;u-0Ѵ;1o†m|ub;vķbmr-uঞ1†Ѵ-u|_ov;
1omvb7;u;7|o0;;l;u]bm];1omolb;vĺ †uou;-
†uou;-]uo‰|_vѴo‰;7mo|-0Ѵ‹bmƑƏƐѶ
m-ѴѴķ]Ѵo0-Ѵ]uo‰|_bvruof;1|;7|o_-ˆ; |o-m;vঞl-|;7ƐĺƖѷķvѴb]_|Ѵ‹0;Ѵo‰|_;
u;-1_;7mo|_bm]lou;|_-m-lo7;u-|; ruof;1|;7C]†u;o=ƑѷƳĺ$_;7;1Ѵbm;bv
ƒѷbmƑƏƐѶķ]bˆ;m|_;0uo-7Ŋ0-v;7 -‚ub0†|;7l-bmѴ‹|o-vo[;mbm]o=;Šrou|v

50 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

INFLATION Exchange Rate Movement - US Dollar

Rs

4.3% 200

182.90
190

179.05
ѵĺѵѷbmƑƏƐƕ ƒƔѷ

175.70
169.20
180

161.50
159.70
170

158.35
158.35
157.70
155.70
154.00
155.00
153.55
153.60

153.50
152.98

152.80
153.10
153.60
153.60
151.95
152.20
150.45
151.18
150.00
160

148.95
148.05

148.10
-1uovv|_;u;]bomķu;Y;1ঞm]|_;;-uѴb;u

146.75
146.05

146.10
146.05
145.55
146.55
 144.25
143.97
144.24
-rru;1b-ঞomo=|_;†uo-m7vѴo‰bm] 150
;Š|;um-Ѵ7;l-m7ĺ
140

Sep-16
Oct-16

Sep-17
Oct-17

Sep-18
Oct-18
Nov-16

Nov-17

Nov-18
Dec-15

Aug-17
Jan-16
Feb-16

May-16

Aug-16

Jan-17
Feb-17

May-17

Jan-18
Feb-18

May-18

Aug-18
Mar-16
Apr-16

Mar-17
Apr-17

Mar-18
Apr-18
Jun-16
Jul-16

Jun-17
Jul-17

Jun-18
Jul-18
Dec-16

Dec-17

Dec-18
-r-m
$_;-r-m;v;;1omol‹_b|0‹0-7
‰;-|_;u-m7-‰-ˆ;o=m-|†u-Ѵ7bv-v|;uvķ
bv;vঞl-|;7|o_-ˆ;]uo‰m0‹omѴ‹ƏĺѶѷ ]uo‰|_ĺ$_;|u-7;7;C1b|7†ubm]|_;Cuv| ;-m‰_bѴ;roѴbঞ1-Ѵ†m1;u|-bm|‹ķ1o†rѴ;7
bmƑƏƐѶĺ!;]-u7Ѵ;vvķ|_;-mho=-r-m ;Ѵ;ˆ;mlom|_vo=ƑƏƐѶ‰b7;m;7|o&"  ‰b|_|_;1o†m|u‹Ľv_b]_;Š|;um-Ѵ7;0|
1omঞm†;7|ol-bm|-bmb|vѴom]Ŋ|;ul ƖķѵƓƑm=uol&" ѶķƔƖƏm7†ubm]|_; 0†u7;m-m7|_;v_-ur7;1Ѵbm;bm|_;
vঞl†Ѵ†vrѴ-m0‹h;;rbm]Ѵom]Ŋ|;ulu-|;v 1ouu;vrom7bm]r;ubo7o=ƑƏƐƕĺˆ-bѴ-0Ѵ; 1†uu;m1‹ķv-‰bmˆ;v|ou1omC7;m1;7brķ
m;-uŒ;uoĺ 7-|-v†]];v|v|_-||_bvbv|_;u;v†Ѵ|o=- ruolrঞm]u-ঞm]-];m1b;vv†1_-v
Ѷĺƒѷ]uo‰|_bmblrou|;Šr;m7b|†u;bm|_; oo7‹Ľvķ"ş-m7 b|1_|o7o‰m]u-7;"ub
_bm-
Cuv|;Ѵ;ˆ;mlom|_vo=ƑƏƐѶ7ubˆ;mѴ-u];Ѵ‹ -mh-Ľvvoˆ;u;b]m1u;7b|u-ঞm]|o‰-u7v
Ѵ|_o†]_v_o‰bm]vb]mvo=vѴo‰bm]7o‰m 0‹_b]_;u;Šr;m7b|†u;om=†;Ѵķ0-v;l;|-Ѵ |_;;m7o=|_;‹;-uĺ
om|_;0-1ho=Ѵo‰;ubm7†v|ub-Ѵruo7†1ঞom -m7=;uঞѴbv;u-v‰;ѴѴ-v-v|ubm]bm1u;-v;
-m7-7;1;Ѵ;u-ঞomo=;Šrou|vbm|-m7;l bmˆ;_b1Ѵ;blrou|vĺ-umbm]v=uol|o†ubvl obm] ou‰-u7
‰b|_|_;;-vbm]o=]Ѵo0-Ѵl-m†=-1|†ubm] v_o‰;7-mbm1u;-v;ķ‰_bѴ;‰ouh;uvŝ bˆ;m|_;ru;ˆ-bѴbm]Ѵo‰]uo‰|_
-1ঞˆb|‹ķ_bm-Ľv;1omol‹vঞѴѴl-m-];7 u;lb‚-m1;v7;1Ѵbm;7l-u]bm-ѴѴ‹7†ubm] |u-f;1|ou‹ķ]uo‰|_ruoloঞm]roѴb1b;v-m7
|o]uo‰0‹-uo0†v|ѵĺƔѷbmƑƏƐѶ ƑƏƐѶĺ$_;!†r;;_b|-m-ѴѴŊঞl;Ѵo‰ķ v|u†1|†u-Ѵu;=oulv‰bѴѴ0;h;‹ruboubঞ;v=ou
|_-mhv|ou;vbѴb;m|1omv†lrঞomĺ ;vrb|; rѴ†m]bm]0‹ƐƖĺƑѷoˆ;u|_;|‰;Ѵˆ;lom|_ |_;oˆ;uml;m|bmƑƏƐƖĺ@ou|vbm|_bv
|_bvblru;vvbˆ;r;u=oul-m1;ķ_bm-Ľv r;ubo7;m7;7ƒƐv| ;1;l0;uƑƏƐѶĺ u;]-u7‰bѴѴ0uo-7Ѵ‹|-u];|blruoˆ;l;m|v
v|o1hrub1;v-m71†uu;m1‹1omঞm†;7 |o|_;;1omolb1-m7vo1b-Ѵbm=u-v|u†1|†u;
|o;Šr;ub;m1;7o‰m‰-u7ru;vv†u;v mY-ঞoml-bm|-bm;7-=-ˆo†u-0Ѵ;rovbঞom o=|_;1o†m|u‹ķ;m_-m1bm]ruo7†1ঞˆb|‹ķ
-v-†|_oubঞ;v0;]-m|ou;Ѵ-Š|_;bu -ˆ;u-]bm]Ɠĺƒѷbm ;1;l0;uƑƏƐѶĺm7 †rŊv1-Ѵbm]vhbѴѴѴ;ˆ;Ѵvo=|_;Ѵ-0o†u=ou1;
l-1uo;1omolb1roѴb1‹v|-m1;|o1o†m|;u 7;vrb|;rb1hbm]†rbm ;1;l0;u7†;|o -v‰;ѴѴ-v;Šr-m7bm]7ol;vঞ1ruo7†1ঞom
|_;ro|;mঞ-Ѵ;1omolb1blr-1|o=|u-7; |_;v†u];bm=oo7rub1;vķ1ou;bmY-ঞom 1-r-1b|‹bmou7;u|ov†rrou|-11;Ѵ;u-|;7
7bvr†|;v‰b|_|_;&mb|;7"|-|;vĺ v|-‹;7‰;ѴѴ‰b|_bm|_;"Ľv|-u];|o= -m7v†v|-bm-0Ѵ;Ѵ;ˆ;Ѵo=;1omolb1]uo‰|_ķ
ƓŊѵѷu-m];ĺ ‰_bѴ;l-bm|-bmbm]-1omঞm†;7Ѵo‰
Sri Lankan Economy
bmY-ঞom;mˆbuoml;m|ĺ
ƑƏƐѶ‰-v-|o†]_‹;-u=ou|_;"ub-mh-m $_;roѴbঞ1-Ѵ1ubvbv|_-|;u†r|;7bm
;1omol‹ķ‰b|_ ]uo‰bm]0‹-m 1|o0;uķ‰_bѴ;1-†vbm]1omvb7;u-0Ѵ; Banking Sector Update
;vঞl-|;7ƒĺƖѷ-vl-m‹h;‹v;1|ouv1-l; ;1omolb1†m1;u|-bm|‹-ѴvoѴ;7|o|_; ;u=oul-m1;
†m7;uv|u;vvĺvr;uvbv|;m|0-7‰;-|_;u 7;Ѵ-‹o=|_;7bv0†uv;l;m|vrѴ-mm;7 |‰-v-‹;-uo=lbŠ;7u;v†Ѵ|v=ou"ub
-@;1ঞm]-]ub1†Ѵ|†u-Ѵo†|r†|ķ]uo‰|_bm †m7;u|_; ruo]u-ll;ĺ oѴѴo‰bm] -mh-Ľv0-mhbm]-m7Cm-m1b-Ѵv;uˆb1;v
|_;-]ub1†Ѵ|†u-Ѵv;1|ouv|-‹;7Y-|ķ‰_bѴ; |_;buC[_u;ˆb;‰o="ub-mh-Ľv;1omolb1 v;1|ouķ‰_;u;-[;u|_u;;‹;-uvo=
|_;bm7†v|u‹-m7v;uˆb1;vv;1|ouu;rou|;7 u;=oulruo]u-ll;ķ|_; ;Šru;vv;7 -]]u;vvbˆ;]uo‰|_|_;v;1|ou0;]-m|o
lo7;v|]uo‰|_bmƑƏƐѶĺ |_;ˆb;‰|_-||_;1o†m|u‹v_o†Ѵ7;Šr;7b|; =;;Ѵ|_;blr-1|o=Ѵo‰1u;7b|7;l-m7ĺ
b|vu;=oul-];m7-bmou7;u|o=†u|_;u )_bѴ;|_;1u;7b|-rr;ঞ|;1omঞm†;7
=†u|_;u‰b7;mbm]o=|_;1o†m|u‹Ľv|u-7; v|u;m]|_;mu;vbѴb;m1;|o7ol;vঞ1-m7 |o|-r;u7o‰m‰-u7vbm|_;Cuv|mbm;
7;C1b|‰-vo0v;uˆ;7bmƑƏƐѶ-vblrou| ;Š|;um-Ѵv_o1hvĺ lom|_vo=|_;‹;-uķ-vѴb]_|blruoˆ;l;m|
;Šr;m7b|†u;1omঞm†;7|oo†|r-1;;Šrou|v
|_;u;-[;u_;Ѵr;7|_;v;1|ouŊ‰b7;-vv;|
0-v;|ou;1ou7l-u]bm-Ѵ‹;-uŊomŊ‹;-u
]uo‰|_-v-|ƒƐv| ;1;l0;uƑƏƐѶĺ

SAMPATH SIMPLIFIED 51
OPERATING
ENVIRONMENT

NPL - Banking Industry !;]†Ѵ-|ou‹ ;ˆ;Ѵorl;m|v INDUSTRY NPL

Rs Bn % $_;h;‹-1_b;ˆ;l;m|=ou|_;"bmb|v

3.4%
400 4 uoѴ;-v|_;u;]†Ѵ-|ou=ou|_;1o†m|u‹Ľv
3.4
3.2 0-mhbm]v;1|ouķ‰-v|_;v†11;vv=†Ѵ
300 3 1olrѴ;ঞomo=|_;-v;Ѵ u-l;‰ouh
2.6 2.5 blrѴ;l;m|-ঞombm"ub-mh-ĺ||_; ƑĺƔѷbmƑƏƐƕ ƒѵѷ
v-l;ঞl;ķ|_;"1omঞm†;7|o
200 2.0 2
1.7 ;Šr;7b|;b|vroѴb1‹=u-l;‰ouh‰b|_-
1.3 ˆb;‰|ov-=;]†-u7bm]v|-0bѴb|‹o=|_;
100 1.2 1 1o†m|u‹ĽvCm-m1b-Ѵv‹v|;l-m7bm1u;-vbm] om;‹-†m7;ubm]-m7o†m|;ubm]|_;
b|vu;vbѴb;m1;|o‰b|_v|-m7]Ѵo0-Ѵ-m7 bm-m1bm]o=$;uuoubvlu;]†Ѵ-ঞomvĺ$_;
153

142

263
161

7ol;vঞ1v_o1hvĺ;‹;@ou|vbm|_bvu;]-u7 "vb]m;7m;‰&v‰b|_v;ˆ;u-Ѵ
0 0
2015 2016 2017
bm1Ѵ†7;7|_;7u-[bm]o=-m;‰-mhbm] oˆ;uml;m|0o7b;v-m7bmvঞ|†ঞomv
2018
1||_-|v;;hv|ov|u;m]|_;m|_;Ѵ;]-Ѵ |_uo†]_o†|ƑƏƐѶ-vr-u|o=-=o1†v;7
Banking Industry Non Performing Loans -m7u;]†Ѵ-|ou‹=u-l;‰ouho=|_;Cm-m1b-Ѵ ;@ou||ou;loˆ;"ub-mh-=uol|_;
Net NPL Rao (RHS)
bmvঞ|†ঞomvĺ bm-m1b-Ѵ1ঞom$-vh ou1;ĽvŐ $ őļ]u;‹
Gross NPL Rao (RHS)
Ѵbv|Ľ0‹lb7ŊƑƏƐƖĺ
mo|_;umo|-0Ѵ;7;ˆ;Ѵorl;m|‰-v|_;
bm|uo7†1ঞomo=|_; ou;b]mŠ1_-m];1|
m|_;0-1ho=‰;-h;1omolb1-1ঞˆb|‹ķ
oĺƐƑo=ƑƏƐƕŐ őķ‰_;u;ruo1;7†u;v Industry SLAR - DBU
|_;0-mhbm]v;1|ouvuov;v_-urѴ‹
=oubm‰-u71-rb|-ѴYo‰v‰;u;=†u|_;u
1olr-u;7|o|_;ru;ˆbo†v‹;-uķ‰b|_|_; %
vblrѴbC;7-m7v|u;-lѴbm;7=ouvloo|_ 50
uovvu-ঞobm1u;-vbm]|oƒĺƓѷ-v
|u-mv=;uubm]o==†m7v=oubmˆ;v|l;m|ķ‰_bѴ;
-|ƒƐv| ;1;l0;uƑƏƐѶ=uol|_;ƑĺƔѷ
Ѵblb|v=ouo†|‰-u71-rb|-ѴYo‰v‰;u;
u;rou|;7-|;m7Ŋ ;1;l0;uƑƏƐƕĺ$_bv 40
;m_-m1;7bmv;Ѵ;1|;7-u;-v]bˆbm]Ѵo1-Ѵ
7;|;ubou-ঞomo=-vv;|t†-Ѵb|‹Ѵ;7oo7‹Ľv 33.9
bmˆ;v|ouv-11;vv|o-‰b7;u]Ѵo0-Ѵl-uh;|ĺ 31.3
mˆ;v|ouv";uˆb1;|ou;m;‰b|vļ;]-ঞˆ;Ľ 29.9
30 27.6
u-ঞm]o†|Ѵoohom|_;"ub-mh-m0-mhbm]
mѴbm;‰b|_|_;buv|-|†|ou‹u;vromvb0bѴb|‹
v;1|ouĺ
|o7;ˆ;Ѵor-m;L1b;m|-m7v|-0Ѵ;m-ঞom-Ѵ
r-‹l;m|-m7v;‚Ѵ;l;m|v‹v|;l1-r-0Ѵ; 20
ou|_;Cuv|ঞl;bml-m‹‹;-uvķ|_;
o=1-|;ubm]|o|_;1o†m|u‹Ľv]uo‰bm]
v;1|ou-Ѵvou;rou|;7-‹;-uŊomŊ‹;-u
r-‹l;m|m;;7vķ|_;"|oohv;ˆ;u-Ѵ 10
7;1Ѵbm;bmruoC|vbmƑƏƐѶĺuoC|-[;u|-Š 2015 2016 2017 2018
blrou|-m|v|;rv|ov|u;m]|_;m|_;
u;-1_;7!vƐƑѵm=ou|_;‹;-u;m7;7
r-‹l;m|-m7v;‚Ѵ;l;m|bm=u-v|u†1|†u;ĺ
;1;l0;uƑƏƐѶķ-7;1Ѵbm;o=!vƐƑm
m|_bvu;]-u7ķ-m-ঞom-Ѵv|-m7-u7=ou !
1olr-u;7|oƑƏƐƕĺ
1o7;Ŋ0-v;7r-‹l;m|v‰-vbm|uo7†1;7
‰b|_|_;-blo=ruoloঞm]7b]b|-Ѵr-‹l;m|
;vrb|;|_bv_o‰;ˆ;uķ|_;0-mhbm]v;1|ou STATUTORY RESERVE
l;1_-mbvlvbm|_;1o†m|u‹ĺ
1omঞm†;7|oor;u-|;‰b|_-7;t†-|; ! &!$Ґ"!!ґ
Ѵbt†b7b|‹0†@;uvoˆ;u-m7-0oˆ;|_;
"|uom];lr_-vbv‰-v-ѴvorѴ-1;7om

6%
lbmbl†lu;]†Ѵ-|ou‹u;t†bu;l;m|vĺ$_;
blruoˆbm]"ub-mh-Ľv]Ѵo0-Ѵrovbঞom‰b|_
"|-|†|ou‹bt†b7vv;|v!-ঞoŐ"!ő|oo
u;]-u7|o|_;blrѴ;l;m|-ঞomo=mঞŊ Չĺ;ĺ=ĺoˆ;l0;uƑƏƐѶő
u;l-bm;7-0oˆ;|_;u;t†bu;7Ѵ;ˆ;Ѵķ‰_bѴ;
!†r;;1†uu;m1‹-m7-ѴѴ1†uu;m1‹bt†b7b|‹ ƕĺƔѷbmƑƏƐƕ ƑƏѷ
oˆ;u-];!-ঞov‰;u;-Ѵvol-bm|-bm;7
‰;ѴѴ-0oˆ;|_;lbmbl†lu;t†bu;l;m|o=
ƖƏѷĺ

52 SAMPATH BANK PLC Annual Report 2018

Capital Management
Reports

bm-m1b-Ѵ-rb|-Ѵ54
-m†=-1|†u;7-rb|-Ѵ58
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ62
†l-m-rb|-Ѵ64
"o1b-Ѵ-m7!;Ѵ-ঞomv_br-rb|-Ѵ74
†v|ol;u74
oll†mb|‹78
"†rrѴb;u83
-|†u-Ѵ-rb|-Ѵ84
$u-7;Ŋo@0;|‰;;m-rb|-Ѵv90
FINANCIAL CAPITAL

"The new Accounting Standard, SLFRS 9 (Financial Instruments)

came into effect from 1st January 2018, in place of the
previous Accounting Standard LKAS 39 (Financial Instruments:
Recognition and Measurement)."
"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om
bm-m1b-Ѵ-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh

" !"Ɩo@;uv|‰oorঞomvķbĺ;ĺ ƒƐv| ;1;l0;uƑƏƐƕ‰_b1_-lo†m|;7|o

"The new standard u;|uovr;1ঞˆ;l;|_o7oulo7bC;7 !vѵĺƐm‰-v-7f†v|;7-v-|Ɛv|-m†-u‹
u;|uovr;1ঞˆ;l;|_o7ķ=ou|_;ru;r-u-ঞom ƑƏƐѶ0‹1_-u]bm]!vƑĺƐmĺv-u;v†Ѵ|ķ
introduces a new
o=Cm-m1b-Ѵv|-|;l;m|v‰_;m-7orঞm] |_;u;v|-|;7u;|-bm;7;-umbm]v0uo†]_|
classification approach |_;v|-m7-u7=ou|_;Cuv|ঞl;ĺ;bm] =ou‰-u7-v-|Ɛv|-m†-u‹ƑƏƐѶu;7†1;7
for financial assets and |_;Cuv|‹;-uo=-7orঞomo=|_;" !" |o!vƒĺƖmĺ
Ɩķ"-lr-|_-mh1_ov;|_;lo7bC;7
financial liabilities in u;|uovr;1ঞˆ;l;|_o7|oru;r-u;Cm-m1b-Ѵ Quarterly Reporting
line with the business v|-|;l;m|v=ou|_;‹;-u;m7;7ƒƐv| Ѵ|_o†]_" !"Ɩ‰-v;@;1ঞˆ;=uol
;1;l0;uƑƏƐѶ-v|_;" !"Ɩ-ѴѴo‰v Ɛv|-m†-u‹ƑƏƐѶķ|_;mvঞ|†|;o=
model in which they are -m;mঞ|‹|ou;v|-|;rubour;ubo7vķb= _-u|;u;711o†m|-m|vo="ub-mh-
managed and their cash -m7omѴ‹b=|_;u;v|-|;l;m|bvrovvb0Ѵ; bvv†;7-"|-|;l;m|o=Ѵ|;um-ঞˆ;
‰b|_o†||_;†v;o=_bm7vb]_|ĺ&m7;u|_bv
flow characteristics." l;|_o7|_;1olr-u-ঞˆ;C]†u;v-u;mo|
$u;-|l;m|Ő"o$őķ]u-mঞm]|_;orঞom|o
1omঞm†;|_;-rrѴb1-ঞomo="ƒƖ=ou
u;v|-|;7ĺmv|;-7|_;v|-m7-u7u;t†bu;v |_;ru;r-u-ঞomo=|_;bm|;ublCm-m1b-Ѵ
-7bv1Ѵov†u;o=|_;blr-1|o=-7orঞm] v|-|;l;m|vĺvr;ulb‚;70‹|_;-0oˆ;
Change in Accounting Standards
" !"Ɩom|_;"|-|;l;m|o= bm-m1b-Ѵ "o$ķ|_;-mhĽvt†-u|;uѴ‹Cm-m1b-Ѵ
$_;m;‰11o†mঞm]"|-m7-u7ķ" !"Ɩ ovbঞom-m7u;|-bm;7;-umbm]v-m7u;v|-|; v|-|;l;m|v=ou|_;Cuv||_u;;t†-u|;uv
Ő bm-m1b-Ѵmv|u†l;m|vő1-l;bm|o;@;1| |_;or;mbm]0-Ѵ-m1;v-v-||_;|u-mvbঞom _-ˆ;0;;mru;r-u;70-v;7om"ƒƖĺ
=uolƐv|-m†-u‹ƑƏƐѶķbmrѴ-1;o=|_; 7-|;ķƐv|-m†-u‹ƑƏƐѶĺ$_;7bv1Ѵov†u; o‰;ˆ;ut†-u|;uѴ‹Cm-m1b-Ѵv|-|;l;m|v
ru;ˆbo†v11o†mঞm]"|-m7-u7"ƒƖ bvl-7;†m7;u-v;r-u-|;mo|;bm|_; =ou|_;=o†u|_t†-u|;u_-ˆ;0;;mru;r-u;7
Ő bm-m1b-Ѵmv|u†l;m|vĹ!;1o]mbঞom-m7 Cm-m1b-Ѵv|-|;l;m|vŐo|;ѵŊ$u-mvbঞom -rrѴ‹bm]" !"Ɩ-m7_;m1;|_;u;v†Ѵ|-m|
;-v†u;l;m|őĺ bv1Ѵov†u;ő-m7bm1Ѵ†7;v|_;;@;1|o= -77bঞom-Ѵruoˆbvbomv_-ˆ;0;;m1_-u];7
u;rѴ-1bm]"ƒƖbm1†uu;71u;7b|Ѵovv |o|_;=o†u|_t†-u|;uĺ
!;rѴ-1bm]|_;ľbm1†uu;71u;7b|ѴovvĿ 1-Ѵ1†Ѵ-ঞomv‰b|_" !"Ɩ;Šr;1|;71u;7b|
l;|_o7ru;v1ub0;70‹"ƒƖbm ѴovvŐő1-Ѵ1†Ѵ-ঞomvĺ"bm1;rubour;ubo7 Income Statement Analysis
1-Ѵ1†Ѵ-ঞm]|_;blr-bul;m|omCm-m1b-Ѵ C]†u;v_-ˆ;mo|0;;mu;v|-|;7|ol-|1_ uovvm1ol;
-vv;|vķ" !"Ɩ†v;v|_;=ou‰-u7Ѵoohbm] ‰b|_|_;1†uu;m|‹;-uĽvru;v;m|-ঞomķ|_; $_;uovvbm1ol;o=|_;-mhblruoˆ;7
ľ;Šr;1|;71u;7b|ѴovvĿl;|_o7Őőĺ C]†u;vv_o‰mbm|_; bm-m1b-Ѵ"|-|;l;m|v 0‹!vƑƑĺƕm=uol!vƖƑĺѵmbmƑƏƐƕ
$_;m;‰v|-m7-u7-Ѵvobm|uo7†1;v- =ou|_;‹;-uƑƏƐѶ-m7ƑƏƐƕ-u;mo| |o!vƐƐƔĺƒmbm|_;‹;-u†m7;uu;ˆb;‰ķ
m;‰1Ѵ-vvbC1-ঞom-rruo-1_=ouCm-m1b-Ѵ 1olr-u-0Ѵ;ĺ 0oѴv|;u;70‹0o|_ †m7-v;7m1ol;
-vv;|v-m7Cm-m1b-ѴѴb-0bѴbঞ;vbmѴbm;
Ő ő-m7omŊ †m7-v;7m1ol;Ő őķ
‰b|_|_;0†vbm;vvlo7;Ѵbm‰_b1_ Day 1 Impact ‰_b1_u;1ou7;7‹;-uŊomŊ‹;-u]uo‰|_o=
|_;‹-u;l-m-];7-m7|_;bu1-v_Yo‰ $_;7-‹Ɛblr-1||o|_;-mhom ƑƒĺƏѷ-m7ƒƓĺƏѷu;vr;1ঞˆ;Ѵ‹ĺ$_;m;|
1_-u-1|;ubvঞ1vĺ blrѴ;l;m|-ঞomo=" !"Ɩ-lo†m|;7  |o$o|-Ѵr;u-ঞm]m1ol;Ő$ő
|o!vƑĺƐmĺ$_;u;=ou;|_;u;|-bm;7 u-ঞoķ‰_b1_v|oo7-|ƑƖĺƑѷbmƑƏƐѶķ
;-umbm]v0uo†]_|=ou‰-u7=uol u;Y;1|;7-l-u]bm-Ѵblruoˆ;l;m|oˆ;u
|_;ru;ˆbo†v‹;-uĽvu-ঞoo=ƑƖĺƐѷĺ

54 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

;|m|;u;v|m1ol;Őő NII & NIM Total Deposits & CASA

$_;-mhĽvķ‰_b1_v|oo7-| Rs Bn % Rs Bn %
!vƑѶĺƓmbmƑƏƐƕķ]u;‰0‹ 40 8 800 80
!vƖĺƕmŐƒƓĺƑѷő|o|o†1_!vƒѶĺƐm
bm|_;1†uu;m|‹;-uķv†rrou|;70‹]oo7 30 6 600 60
]uo‰|_bmѴo-mv-m7-7ˆ-m1;v1o†rѴ;7
47.3
‰b|_ঞl;Ѵ‹u;Ŋrub1bm]o=|_;-vv;|-m7 4.41
20 3.64 3.91 4 400 40
|_;Ѵb-0bѴb|‹rouoѴbov|ooˆ;u1ol; 38.4
3.87 34.9
|_;ru;vv†u;omm;|bm|;u;v|l-u]bmvĺ 33.4
†u|_;ulou;|_;-mh‰-v-0Ѵ;|ov_;7 10 2 200 20
1;u|-bmѴ-u];_b]_1ov|7;rovb|v7†ubm]|_;

38.1
17.4

22.8

28.4

409

516

698
630
‹;-u|_-mhv|o-rruoŠbl-|;Ѵ‹
0 0 0 0
!vƒƒm‰ou|_o=$b;u-m7$b;u1-rb|-Ѵ
2015 2016 2017 2018 2015 2016 2017 2018
u-bv;77†ubm]|_;Ѵ-v|t†-u|;uo=ƑƏƐƕ
Net Interest Income (NII) Total Deposits
-m7bmƑƏƐѶķ‰_b1_bm|†um_;Ѵr;7|o Net Interest Margin (NIM) (RHS) CASA (RHS)
blruoˆ;|_;ĺ!;7†1ঞomo="!!=uol
ƕĺƔѷ|oѵĺƏѷ‰b|_;@;1|=uolƐѵ|_
oˆ;l0;uƑƏƐѶ-Ѵvo_-7-vѴb]_|rovbঞˆ; m|_;o|_;u_-m7ķ|_;-mhbm1†uu;7- Net Fee & Commission Income
blr-1|omĺ;-m‰_bѴ;ķ7;vrb|;vঞ@ m;||u-7bm]Ѵovvo=!vƑĺƒm-v-u;v†Ѵ|o= Rs Mn
rub1;1olr;ঞঞomķ|_;-mhl-m-];7|o l-uh|ol-uh;|Ѵovvv†@;u;70‹=ou‰-u7
blruoˆ;b|v=uolƒĺƖƐѷbmƑƏƐƕ|o ;Š1_-m];1om|u-1|v=oѴѴo‰bm]|_;"ub 10,000
ƓĺƓƐѷbmƑƏƐѶĺ$_;"u-ঞo_o‰;ˆ;u -mh-m!†r;;7;ru;1b-ঞm]0‹!vƑƖĺƓƏ
7;1Ѵbm;7=uolѴ-v|‹;-uĽvƒƓĺƖѷ|oƒƒĺƓѷ -]-bmv||_;&" oѴѴ-uĺ11ou7bm]Ѵ‹ķ|_; 8,000
bmƑƏƐѶ7†;|o=-v|;u]uo‰|_;Šr;ub;m1;7 -mh;-um;7-m;|bm1ol;o=!vƔĺƔm
bm|;ul7;rovb|vĺ =uolb|v=ou;b]m;Š1_-m];|u-mv-1ঞomvĺ 6,000

omŊ †m7-v;7m1ol;Ő ő lr-bul;m|ovv;v 4,000

;|=;;-m71ollbvvbombm1ol;ķ‰_b1_ ƑƏƐѶ‰-v-1_-ѴѴ;m]bm]‹;-u=ou|_;
Ѵ-u];Ѵ‹1olrubv;vo=1u;7b|ķ|u-7;ķ1-u7ķ -mhbm]v;1|ou-vl-m‹h;‹v;1|ouvo= 2,000

9,919
5,287

6,585

or;u-ঞomv-m7;Ѵ;1|uomb11_-mm;ѴŊu;Ѵ-|;7 |_;;1omol‹1-l;†m7;uru;vv†u;ĺ)b|_ 8,156

lov|0†vbm;vv;vv;;bm]roouu;v†Ѵ|vub]_| 0
=;;vķbm1u;-v;7|o!vƖĺƖmbmƑƏƐѶķ
2015 2016 2017 2018
=uol|_;!vѶĺƑmu;rou|;7bmƑƏƐƕĺ =uol|_;v|-u|o=ƑƏƐѶķ-ѴѴ0-mhvbm1Ѵ†7bm]
$_bvmo|-0Ѵ;+o+]uo‰|_o=ƑƐĺѵѷ‰-vѴ;7 "-lr-|_-mh0;]-m|o;Šr;ub;m1;
0‹-voѴb7bm1u;-v;bm=;;Ŋ0-v;7bm1ol; momŊr;u=oulbm]-7ˆ-m1;v]uo‰bm]bm
];m;u-|;7|_uo†]_1u;7b|1-u7or;u-ঞomv v;1om7-m7|_bu7t†-u|;uvĺomv;t†;m|Ѵ‹ķ -=ou;l;mঞom;7rouoѴbo7;|;ubou-ঞom
-m7bmmoˆ-ঞˆ;ˆ-Ѵ†;-77bঞomvķ;vr;1b-ѴѴ‹ "-lr-|_-mhĽvu-ঞo‰_b1_v|oo7-| -m7r-u|Ѵ‹7†;|o|_;v_b[bmruoˆbvbombm]
;Ѵ;1|uomb11_-mm;Ѵo@;ubm]vĺ ƐĺѵƓѷ-v-|ƒƐv| ;1;l0;uƑƏƐƕ‰;m| lo7;Ѵv=uolbm1†uu;71u;7b|Ѵovvl;|_o7
†r|oƓĺƑƔѷ0‹;m7o=|_;|_bu7t†-u|;u |o;Šr;1|;71u;7b|ѴovvŐől;|_o7-v
;|]-bm=uolCm-m1b-Ѵ-vv;|v bmƑƏƐѶķruolrঞm]bll;7b-|;-1ঞom ru;v1ub0;70‹" !"Ɩĺ$_;-77bঞom-Ѵ
u;1ou7;7-lo7;u-|;]uo‰|_o=ƐƏĺƕѷķ |o-uu;v||_;vb|†-ঞomĺ$_-mhv|o|_;v; ruoˆbvbomv0ooh;7bmƑƏƐѶ-]-bmv|
ru;7olbm-m|Ѵ‹7†;|obm1u;-v;bm ruo-1ঞˆ;l;-v†u;v|-h;mbm-ঞl;Ѵ‹ 1oѴѴ;1ঞˆ;blr-bul;m|7†;|olb]u-ঞom
7bˆb7;m7bm1ol;;-um;7=uolCm-m1b-Ѵ l-mm;uķ|_;-mhĽvu-ঞoblruoˆ;7 bm|o|_;l;|_o7bv;vঞl-|;7|o0;
-vv;|v1Ѵ-vvbC;7-vŞ -bu(-Ѵ†;|_uo†]_ =uolƓĺƑƔѷ-v-|ƒƏ|_";r|;l0;uƑƏƐѶ -uo†m7!vƐĺƖmĺ
|_;uolru;_;mvbˆ;m1ol;ŞŐ (őķ |oƒĺѵƖѷ0‹|_;;m7o=|_;Cm-m1b-Ѵ‹;-u
ru;ˆbo†vѴ‹1Ѵ-vvbC;7-vވ-bѴ-0Ѵ;=ou ƑƏƐѶĺ m-77bঞom|ou;1o]mbvbm]1oѴѴ;1ঞˆ;
"-Ѵ;ŞŐ "őĺ|_;uor;u-ঞm]bm1ol; blr-bul;m|-]-bmv|Ѵo-mv-m7-7ˆ-m1;vķ
|oou;1ou7;7-+o+bm1u;-v;o=ƐѵƓĺѶѷ $_;blr-bul;m|1_-u];-]-bmv| " !"Ɩ-Ѵvou;t†bu;v0†bѴ7bm]†r
bmƑƏƐѶķѴ;7l-bmѴ‹0‹-mbm1u;-v; bm7bˆb7†-ѴѴ‹vb]mbC1-m|1†v|ol;uv-Ѵvo ruoˆbvbomv-]-bmv|bmˆ;v|l;m|vbmo|_;u
bmu;-Ѵbv;7;Š1_-m];bm1ol;7†; ‰;m|†r=uol!vƐĺƓmbmƑƏƐƕ|o 0-mhvķbmˆ;v|l;m|vbm7;0;m|†u;vķ
|o|_;v_-ur7;ru;1b-ঞomo=|_;"ub !vѵĺƑm=ou|_;‹;-u;m7;7ƒƐv| bmˆ;v|l;m|bm]oˆ;uml;m|v;1†ubঞ;v
-mh-m!†r;;-]-bmv||_;&" oѴѴ-uĺ ;1;l0;uƑƏƐѶĺ$_;bm1u;-v;bm|_; bvv†;7bm=ou;b]m1†uu;m1‹Ő"ub-mh-
omv;t†;m|Ѵ‹ķo|_;uor;u-ঞm]bm1ol;=ou 1oѴѴ;1ঞˆ;blr-bul;m|=uol ;ˆ;Ѵorl;m|om7v;|1ĺő-m7Cm-m1b-Ѵ
ƑƏƐѶbm1u;-v;7|o!vƕĺƖmķ=uol !vƐĺƏm|o!vƓĺƓmbvr-u|Ѵ‹7†;|o|_;
!vƒĺƏmu;rou|;7=ou|_;‹;-u0;=ou;ĺ

SAMPATH SIMPLIFIED 55
FINANCIAL CAPITAL

"Sampath Bank’s total $-Š-ঞom

$-Š;Šr;mv;v1omঞm†;7|oubv;7†;|o
Operang Expenses & Cost to Income
Rs Bn %
asset base which stood ‰b|_7u-‰-Ѵo=;Š;lrঞomv]u-m|;7bm 20
52.7
60

bm1ol;|-Š;|1ĺ †u|_;u|_;-mh‰-v
at Rs 795.1 Bn as at u;t†bu;7|or-‹-m-77bঞom-Ѵv†lo=
47.8
15 45
31st December 2017 !vƔƑƓmbm|_;Ѵ-v|t†-u|;u7†;|o|_; 42.3

crossed the Rs 900 Bn bm|uo7†1ঞomo=|_;ľ ;0|!;r-‹l;m|

10
35.9
30
;ˆ‹ĿŐ !ő‰b|_;@;1|=uolƐv|1|o0;u
mark for the first time in ƑƏƐѶĺŐ$_;-mhĽv !Ѵb-0bѴb|‹=ouƑƏƐƖ
its history and ended up ‰o†Ѵ7;Š1;;7!vƑmĺő 5 15

at Rs 914.2 Bn as at the

19.3
13.3

15.5

16.9
;-m‰_bѴ;|o|-Ѵ|-Š;Šr;mv;vom-11o†m|
0 0
year end. This YoY growth o= "($ķ "$ķ !-m7m1ol;$-Š
2015 2016 2017 2018
=ouƑƏƐѶ-lo†m|;7|o!vƐƐĺƐmĺ$_bvbv
of 15% stood above Ɠƕĺƕѷo=|_;-mhĽvor;u-ঞm]ruoC|ĺ$_bv
Operang Expenses
Cost to Income (RHS)
the industry-wide asset C]†u;‰o†Ѵ70;-uo†m7ƔƔѷm;Š|‹;-uĺ

growth of 14.6% for the uoC|-0bѴb|‹ ROE & ROA

same period." $_;-mhu;1ou7;7!vƐѶĺƒmbmuoC| % %
0;=ou;$-ŠŐ$őķ†r0‹ƐƏĺƔѷ-]-bmv| 25 2.29 2.5
!vƐѵĺѵm;-um;7bmƑƏƐƕĺuoC|-[;u 2.13
1.90 2.14
NET INTEREST MARGIN $-ŠŐ$ő|oo]u;‰l-u]bm-ѴѴ‹0‹Əĺƒѷ 20 2.0
=uol!vƐƑĺƐƏmbmƑƏƐƕ|o!vƐƑĺƐƓm

4.41% bmƑƏƐѶĺ 15 1.5

!ş! 10 1.0
ƒĺƖƐѷbmƑƏƐƕ Ɛƒѷ !;|†umomvv;|vŐ!ő0;=ou;m1ol;
$-Š=ouƑƏƐѶv|oo7-|ƑĺƐƒѷķvѴb]_|Ѵ‹ 5 0.5

16.02
18.42

23.47

23.35
0;Ѵo‰ƑĺƑƖѷu;rou|;7bmƑƏƐƕĺ$_;
0 0.0
u;7†1ঞombmruoC|-0bѴb|‹om-11o†m|
Ѵb-0bѴbঞ;vv†1_-v]†-u-m|;;vķvķ 2015 2016 2017 2018
o=_b]_;u|-Š;v-m7_b]_;ublr-bul;m|
-11;r|-m1;-m7o|_;u†m7u-‰mѴo-m ROE (aer income tax)
1_-u];v7bv1†vv;7-0oˆ;-Ѵvo1om|ub0†|;7
0-Ѵ-m1;vĺ11ou7bm]Ѵ‹ķblr-bul;m| ROA (before income tax) (RHS)
|o|_;u;7†1ঞombm|_;u-ঞoĺo‰;ˆ;uķ
ruoˆbvbom-]-bmv|-0oˆ;1-|;]oub;v
7;vrb|;l-bm|-bmbm]|_;v-l;$ķ!;|†um
-‚u-1|;7-m-77bঞom-Ѵruoˆbvbomo=
omt†b|‹Ő!ő7;1Ѵbm;7ķ=uolƑƒĺƒƔѷbm m;|Ѵo-mv-m7u;1;bˆ-0Ѵ;v-lo†mঞm]|o
!vѵѵƔm=ouƑƏƐѶĺ
ƑƏƐƕ|oƐѵĺƏƑѷbmƑƏƐѶķl-bmѴ‹7†;|o !v ѶƕĺƐ mķ‰-v|_;l-bm1om|ub0†|ou|o
r;u-ঞm]Šr;mv;v |_;bm=†vbomo=!vƐƑĺƔ m|o|_;;t†b|‹ |_;-=ou;l;mঞom;7|o|-Ѵ-vv;|]uo‰|_ĺ
0-v;0‹‰-‹o=-!b]_|vvv†;bmrubѴ )b|_|_;bm|uo7†1ঞomo=|_;m;‰" !"Ɩ
$o|-Ѵor;u-ঞm];Šr;mv;vu;1ou7;7-
ƑƏƐѶĺ v|-m7-u7ķCm-m1b-Ѵ-vv;|v1Ѵ-vvbC;7†m7;u
]uo‰|_o=ƐƓĺƐѷbmƑƏƐѶķ0;bm]|_;
 "-m7;Ѵ7|o-|†ub|‹Ő$ő‰;u;
1omv;t†;m1;o=_b]_;ur;uvomm;Ѵ Balance Sheet Analysis u;1Ѵ-vvbC;7†m7;u (-m7louঞv;7
;Šr;mv;vu;v†Ѵঞm]=uolv-Ѵ-u‹ $o|-Ѵvv;|v ov|1-|;]oub;vĺ;-m‰_bѴ;0-Ѵ-m1;v
bm1u;l;m|vķbm1u;-v;bmo|_;u;Šr;mv;v
"-lr-|_-mhĽv|o|-Ѵ-vv;|0-v; ‰b|_"7;1u;-v;70‹ƐƐĺƐѷ7†;|o
7†;|o_b]_;u|-Š;v-m7bmY-ঞomķ-m7
‰_b1_v|oo7-|!vƕƖƔĺƐm-v-|ƒƐv| u;7†1ঞombm"!!=uolƕĺƔѷ|oѵĺƏѷ
bm1u;-v;bm$;Šr;mv;vo‰bm]|ov‹v|;l
;1;l0;uƑƏƐƕ1uovv;7|_;!vƖƏƏ m ‰b|_;@;1|=uolƐѵ|_oˆ;l0;uƑƏƐѶĺ
†r]u-7;vķ;|1ĺo‰;ˆ;uķb|bvmo|;‰ou|_‹
l-uh=ou|_;Cuv|ঞl;bmb|v_bv|ou‹-m7 -v_-m71-v_;t†bˆ-Ѵ;m|v-Ѵvou;1ou7;7
|_-|]uo‰|_bm;Šr;mv;vu;l-bm;7‰;ѴѴ
;m7;7†r-|!vƖƐƓĺƑm-v-||_;‹;-u -ƐƓĺƕѷu;7†1ঞom-v-|ƒƐv| ;1;l0;u
0;Ѵo‰|_;]uo‰|_bm|o|-Ѵor;u-ঞm]
;m7ĺ$_bv+o+]uo‰|_o=ƐƔĺƏѷv|oo7 ƑƏƐѶ1olr-u;7|o|_;ru;ˆbo†v‹;-u;m7
bm1ol;ŐƒƓĺƓѷő=ou|_;‹;-uĺ$_bv
-0oˆ;|_;bm7†v|u‹Ŋ‰b7;-vv;|]uo‰|_ 7†;|o0;‚;u1-v_l-m-];l;m|;@ou|v
u;v†Ѵ|;7bm|_;ov||om1ol;!-ঞoŐ!ő
o=ƐƓĺѵѷ=ou|_;v-l;r;ubo7ĺ$_; -7or|;7bmƑƏƐѶĺ||_;v-l;ঞl;
blruoˆbm]|o;m7|_;‹;-u-|ƒƔĺƖѷ-v
-mhĽvl-uh;|v_-u;bm|;ulvo=|o|-Ѵ rѴ-1;l;m|v‰b|_0-mhvbm1u;-v;7=uol
-]-bmv|-!o=ƓƑĺƒѷ=ouƑƏƐƕĺ
-vv;|vblruoˆ;7=uolƕĺƕƒѷbmƑƏƐƕ !vƒĺƑm-v-|ƒƐv| ;1;l0;uƑƏƐƕ|o
|oƕĺƕƔѷ0‹|_;‹;-uŊ;m7ĺuo‰|_bm !vѶĺƕm-v-||_;0-Ѵ-m1;v_;;|7-|;ĺ

56 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

o-muo‰|_ v-u;v†Ѵ|o=-=ou;l;mঞom;7vѴo‰bm] ;mঞঞ;v-u;mo|l-|;ub-Ѵ|o|_;-mh-m7

$_;-mhvѴo‰;77o‰mb|vѴo-m]uo‰|_ 7o‰mbm7;rovb|lo0bѴbv-ঞomķ|_; _;m1;-0ub;=u;ˆb;‰o=|_;buor;u-ঞomv
7†ubm]|_;‹;-uru;7olbm-m|Ѵ‹7†;|oѴo‰ 7ˆ-m1;|o ;rovb|!-ঞoŐ !ő -u;]bˆ;mbm|_;v;1ঞomom"†0vb7b-ub;vom
1u;7b|7;l-m7ĺѴvoķ‰b|_rouoѴbot†-Ѵb|‹ bm1u;-v;7=uolƖƏĺƕѷbmƑƏƐƕ|oƖѵĺƏѷ r-];ƐƏƓo=|_;mm†-Ѵ!;rou|ĺ
-@;1|;7-v-u;v†Ѵ|o=‰;-h;1omolb1 0‹|_;‹;-u;m7ĺ$_bvbm7b1-|;v|_-||_;
-mhbvѴ;vv7;r;m7;m|om7;rovb|v|o ;u=oul-m1;o=|_;"_-u;
1om7bঞomvķ|_;-mh0;]-m1omvoѴb7-ঞm]
b|v-1ঞˆbঞ;v-m7]uovvѴo-mvķ‰_b1_v|oo7 =†m7b|vѴo-m]uo‰|_bmƑƏƐѶ1olr-u;7|o "-lr-|_-mhĽvv_-u;rub1;-v-|ƒƐv|
-|!vƔƕƐĺƔm-v-|ƒƐv| ;1;l0;u ƑƏƐƕĺuo‰|_bm|;ul7;rovb|vŐƐƒĺƕѷő ;1;l0;uƑƏƐѶv|oo7-|!vƑƒƔĺƏƏķ
ƑƏƐƕķ]u;‰0‹omѴ‹!vƖƖm|ou;-1_!v o†|r-1;7|_;"]uo‰|_o=ƔĺѶѷbm ‰_b1_bv-u;7†1ঞomo=!vѶƏĺƕƏou
ѵƕƏĺƒm0‹;m7ƑƏƐѶĺ$_;ourou-|; |_;‹;-u†m7;uu;ˆb;‰u;v†Ѵঞm]bm-vѴb]_| ƑƔĺѵѷ1olr-u;7|o|_;Ѵ-v||u-7;7
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v†rrou|;70‹Ѵ;m7bm]|o-m†=-1|†ubm]ķ v|oo7-|ƒƒĺƓѷbmƑƏƐѶ-vorrov;7|o $_;v_-u;rub1;Y†1|†-|;70;|‰;;m!v
$u-7bm]ķ$-m7;-Ѵ|_1-u;v;1|ouvķ‰_bѴ; ƒƓĺƖѷbmƑƏƐƕĺ ƑƐѶĺƏƏ-||_;Ѵo‰;v|-m7!vƒƒƔĺƔƏ
|_;"-m7u;|-bѴ0ooh]u;‰0‹ƐƐĺѵѷ -||_;_b]_;v|7†ubm]|_;‹;-uĺ$_;
-rb|-Ѵ r;u=oul-m1;o=|_;v_-u;]o;vbmѴbm;
‹;-uŊomŊ‹;-uĺ
v7bv1†vv;7bm|_;ru;ˆbo†v‹;-uķ|_; ‰b|_|_;1†uu;m|l-uh;|0;_-ˆbo†ubm|_;
b-0bѴbঞ;v "blrov;7"1-rb|-Ѵ-7;t†-1‹ oѴol0o"|o1hŠ1_-m];ķ‰_;u;|_;"
"-lr-|_-mhĽv7;rovb|0-v;;Šr-m7;7 u;t†bu;l;m|vom|_;"ub-mh-m-mhbm] 7;1Ѵbm;7=uolѵķƒѵƖbmƑƏƐƕ|oѵķƏƔƑ
0‹!vѵƕĺѵm7†ubm]|_;‹;-u|ou;-1_ bm7†v|u‹‰b|_;@;1|=uolƐv|†Ѵ‹ƑƏƐƕķ 0‹ƒƐv| ;1;l0;uƑƏƐѶĺ$_;-uh;|
!vѵƖѶĺƐm0‹ƒƐv| ;1;l0;uƑƏƐѶĺ ‰b|_|_;=†ѴѴblrѴ;l;m|-ঞom|-hbm]rѴ-1; 1-rb|-Ѵbv-ঞomo=|_;"|oou;1ou7;7-
|ƐƏĺƕѷķ7;rovb|]uo‰|_‰-v0;Ѵo‰|_; bm|_u;;r_-v;voˆ;u-r;ubo7o=ƐѶ 7;1Ѵbm;o=!vѵƏm=uol!vƑķѶƖƖm-v
bm7†v|u‹]uo‰|_o=ƐƓĺѶѷl-bmѴ‹7†;|o lom|_v-m71olrѴ;|;7omƐv|-m†-u‹ -|ƒƐv| ;1;l0;uƑƏƐƕ|o!vƑķѶƒƖm
-1omv1bo†v;@ou||ovѴo‰7o‰m7;rovb| ƑƏƐƖĺ$_;u;=ou;‰b|_;@;1|=uol-m†-u‹ -v-||_;‹;-u;m7ĺ
lo0bѴbv-ঞom-1ঞˆbঞ;v-m7-Ѵvo7†;|o ƑƏƐƖķ"-lr-|_-mh0;bm]-ŝ ol;vঞ1
v_;77bm]1;u|-bm_b]_1ov|Ѵ-u];7;rovb|v "‹v|;lb1-ѴѴ‹lrou|-m|-mhŝ‰bѴѴ0; -umbm]vr;u"_-u;Ő"ő=ouƑƏƐѶv|oo7
bm|_;0-1h7uoro=|_;u;1;m|1-rb|-Ѵ u;t†bu;7|ol-bm|-bmb|v$b;u-rb|-Ѵ -|!vƓƔĺƐƒķƐƖĺƔѷѴo‰;u|_-m|_;
bm=†vbomvĺŐ|bvmo|;‰ou|_‹|ol;mঞom 7;t†-1‹!-ঞoŐ!ő-|ƐƏѷ-m7b|v !vƔѵĺƏѵu;1ou7;7bm|_;ru;ˆbo†v‹;-uķ
|_-||_;-mh_-v|_;1-r-1b|‹-m7|_; $o|-Ѵ!-|ƐƓѷĺmou7;u|o=-ѴѴbmѴbm; l-bmѴ‹-v-u;v†Ѵ|o=|_;m;‰v_-u;v
u;t†bu;7bm=u-v|u†1|†u;|o-11;Ѵ;u-|; ‰b|_|_;v;m;‰u;]†Ѵ-|ou‹u;t†bu;l;m|vķ bvv†;77†ubm]|_;‹;-u7†;|o!b]_|v-m7
7;rovb|lo0bѴbv-ঞomb=-m7‰_;m|_;m;;7 |_;-mhu-bv;7!vƕĺѵm-m7!vƐƑĺƔm "1ubrvv†;vĺ;|-vv;|vˆ-Ѵ†;r;uv_-u;
-ubv;vĺő ‰ou|_o=$b;u-rb|-Ѵ0‹‰-‹o=!b]_|v bm1u;-v;70‹ƑĺƔѷ|o!vƒƏƏĺƓƑr;uv_-u;
vv†;vbmoˆ;l0;uƑƏƐƕ-m7rubѴƑƏƐѶ bmƑƏƐѶ=uol!vƑƖƒĺƏƑr;uv_-u;bm
Advance Mix u;vr;1ঞˆ;Ѵ‹ĺ=†u|_;u!vѵĺƏm-m7!v ƑƏƐƕĺ
ƕĺƔm‰ou|_o=$b;u-rb|-Ѵ‰-vu-bv;7
% bˆb7;m7
1 1 0‹‰-‹o="1olrѴb-m| ;0;m|†u;
2 1 bvv†;vbm ;1;l0;uƑƏƐƕ-m7bm-u1_ "-lr-|_-mhĽvo-u7o= bu;1|ouv
2 ƑƏƐѶu;vr;1ঞˆ;Ѵ‹ĺou;oˆ;uķ|_;-mh _-vu;1oll;m7;7-Cm-Ѵ7bˆb7;m7o=
4 _-v-Ѵu;-7‹l-7;-m-mmo†m1;l;m||o !vƐѵĺƑƔr;uv_-u;|o0;r-b7=ou|_;
4 48
u-bv;-mo|_;u!vƔmbm;-uѴ‹ŊƑƏƐƖ0‹ Cm-m1b-Ѵ‹;-u;m7;7ƒƐv| ;1;l0;u
4
‰-‹o=-"1olrѴb-m| ;0;m|†u; ƑƏƐѶĺ$_bv‰bѴѴ0;r-b70‹!vƐƐĺƑƔbm|_;
6
bvv†;ķ‰b|_-morঞom|o]o†r|o!vƕmķ =oulo=v1ubr7bˆb7;m7-m7|_;0-Ѵ-m1;
|ov|u;m]|_;mb|v$b;u-rb|-Ѵ=†u|_;uĺ !vƔĺƏƏbm|_;=oulo=1-v_7bˆb7;m7
12 v†0f;1||o|_;-rruoˆ-Ѵo=|_;
uo†r;u=oul-m1; v_-u;_oѴ7;uv-||_;mm†-Ѵ;m;u-Ѵ
15 $_;"-lr-|_-mh]uo†r1omvbv|vo==o†u ;;ঞm]|o0;_;Ѵ7omƑƖ|_-u1_ƑƏƐƖĺ
=†ѴѴ‹Ŋo‰m;7v†0vb7b-ub;vķˆbŒĸ"b‹-r-|_-
Term Loans Leasing
Overdra Credit Cards
bm-m1;ķ"";1†ubঞ;vŐˆ|ő|7ķ
Import Loans Money Market Loans "-lr-|_;m|u;|7-m7"-lr-|_
 Housing Loans Refinance Loans m=oul-ঞom$;1_moѴo]‹"oѴ†ঞomv|7ĺ
Pawning Staff Loans †|ķ]bˆ;m|_;v1-Ѵ;o=or;u-ঞomvo=|_;
Export Loans Others
1ou;0†vbm;vvķ|_;u;v†Ѵ|vo=|_;v;=o†u

SAMPATH SIMPLIFIED 57
MANUFACTURED CAPITAL

GRIƐƏƑŊѵ

"Having established a solid island-wide footprint, the focus in the

past few years has shifted towards consolidating our presence by
strengthening our branch banking proposition."

"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om
-m†=-1|†u;7-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh

Branch Network
-@m-
)b|_Ѵ-u];v;]l;m|vo=|_;1o†m|u‹Ľv bv|ub1|
"1-m|_bv !1o7;=ou-lou;
8 10
0-mhbm]vঞѴѴ7om;|_;|u-7bঞom-Ѵ‰-‹ķo†u 1olru;_;mvbˆ;ˆb;‰o=o†u
m;|‰ouho=0ub1h-m7lou|-u0u-m1_;v u-m1_-m7$m;|‰ouh
1omঞm†;v|ou;l-bm-1u†1b-Ѵr-u|o=o†u bѴbmo1_1_b bv|ub1|
1 1 ‰‰‰ĺv-lr-|_ĺѴh
v;uˆb1;7;Ѵbˆ;u‹lo7;Ѵĺˆ;u|_;‹;-uv‰;
_-ˆ;bmˆ;v|;7bm0†bѴ7bm]o†um;|‰ouho= †ѴѴ-bঞˆ†
bv|ub1|
r_‹vb1-Ѵ0u-m1_;vķ‰_b1_mo‰1omvbv|vo= 1 1
ƑƑƖ0u-m1_;v-1uovv|_;bvѴ-m7ķbm1Ѵ†7bm] 229
Ɛƒv†r;u0u-m1_;vѴo1-|;7bm_b]_ 1 2 2 u-m1_;v
1
ror†Ѵ-ঞom7;mvb|‹-u;-vbm|_;);v|;umķ -mm-u (-ˆ†mb‹-
bv|ub1| bv|ub1|
ou|_);v|;umķ;m|u-Ѵķou|_;m|u-Ѵ
-m7"o†|_;umuoˆbm1;vĺ $ubm1ol-Ѵ;;
bv|ub1|
419
$v
ѴѴ0u-m1_;vķbm1Ѵ†7bm]v†r;u0u-m1_;v ѵ 8 Ɠ Ɠ
=†m1ঞom-v=†ѴѴ‹ŊY;7];70u-m1_;v m†u-7_-r†u-
bv|ub1|
;t†brr;7|oruoˆb7;|_;=†ѴѴu-m];o=
0-mhbm]ruo7†1|v-m7v;uˆb1;vĺo‰;ˆ;u 8 11 oѴomm-u†‰-
bv|ub1|
v†r;u0u-m1_;vo@;u|_;-77;7-7ˆ-m|-]; †‚-Ѵ-l
bv|ub1| 3 3
-ম1-Ѵo-
bv|ub1|
Geographical Distribuon of the Branch Network 13 20 ѵ 7
†u†m;]-Ѵ-

9
bv|ub1| 3 Ɣ
Matale
9 bv|ub1|

13 100
-m7‹ bv|ub1|

;]-ѴѴ; ƐƔ 23
14 bv|ub1| 7 7
27 Ɣѵ Ɣ 8 Ampara
17 Gampaha
bv|ub1| †‰-u-Ѵb‹-
bv|ub1|

bv|ub1| Ɣ 7
-7†ѴѴ-
oѴol0o
ѵƒ ƐѵƔ bv|ub1|
bv|ub1| Ɠ Ɣ
21 Ɠ Ɣ
-Ѵ†|-u- !-|m-r†u- om-u-]-Ѵ-
bv|ub1| bv|ub1|
22  bv|ub1|
24 Ɩ 11
10 22
Western Sabaragamuwa
Southern Northern
Central North Central -l0-m|o|-
12 18 bv|ub1|
North Western Uva
Eastern
Galle
8 ƐƓ Ɠ Ɣ
bv|ub1|
Matara
bv|ub1|

58 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

vb7;=uol]uo‰bm]o†um;|‰ouhķbmƑƏƐѶ
‰;-Ѵvo0;]-m=o1†vbm]omlbmblbvbm]
7o‰mঞl;-m7;mv†ubm]ƖƖĺƖƖѷ
-ˆ-bѴ-0bѴb|‹-|-ѴѴঞl;vĺvr-u|o=|_bv
v|u-|;]‹ķ-7;7b1-|;7bmŊ_o†v;|;-l‰-v
-rrobm|;7|o1-uu‹o†|ƑƓņƕm;|‰ouh
lomb|oubm]-v‰;ѴѴ-v=ou;1-v|1-v_
u;t†bu;l;m|v=ou;-1_l-1_bm;ķ0-v;7om
-ˆ;u-];7-bѴ‹|u-mv-1ঞomˆoѴ†l;vĺ$_bv
bm=oul-ঞom‰-vv_-u;7‰b|_|_;v;uˆb1;
ruoˆb7;u;m]-];70‹|_;-mh|ol-m-];
|_;1-v_Ѵo-7bm]ruo1;vvbmou7;u|o
v|u;-lѴbm;1-v_-ˆ-bѴ-0bѴb|‹-|$v-1uovv
|_;m;|‰ouhĺ

†u|_;ulou;ķ_-ˆbm]†m7;uv|oo7|_-|
$v-u;-h;‹r-u|o=|_;1†v|ol;uvĽ
!;Ѳo1-ࢼomo=;]ol0o"†r;uu-m1_ 0-mhbm];Šr;ub;m1;ķ‰;_-ˆ;oˆ;u
|_;‹;-uv1omঞm†;7bmˆ;vঞm]bmm;Š|
];m;u-ঞom$|;1_moѴo]‹|ol-h;b|
o=;Š|;m7;70-mhbm]_o†uv-v‰;ѴѴ-v 7;rovb|ņ‰b|_7u-‰-ѴvѴbrvo@;u;70‹|_; ;-vb;u=ou|_;1†v|ol;u|o_-m7Ѵ;-_ov|
ƒѵƔŊ7-‹0-mhbm]1omˆ;mb;m1;ĺ 0u-m1_=ou0-vb10-mhbm]|u-mv-1ঞomvĺ o=;ˆ;u‹7-‹0-mhbm]m;;7vĺ$_;h;‹
oѴѴo‰bm]o=|_;Ѵ-†m1_o=|_;vѴbrѴ;vvŊ 7;ˆ;Ѵorl;m|v†m7;u|-h;mbmƑƏƐѶ‰-v
-ˆbm];v|-0Ѵbv_;7-voѴb7bvѴ-m7Ŋ‰b7; 0-mhbm]-rrbm-m†-u‹ƑƏƐѶķ-m;‰ v;1†ubm]1omm;1ঞˆb|‹|o|_;"m;|‰ouh
=oo|rubm|ķ|_;=o1†vbm|_;r-v|=;‰‹;-uv ;t†brl;m|†r]u-7;ruo]u-l‰-v-Ѵvo |o-ѴѴo‰"-lr-|_$v|o-11;r|1_brŊ
_-vv_b[;7|o‰-u7v1omvoѴb7-ঞm]o†u uoѴѴ;7o†||olo7;umbv;-ѴѴ=uom|Ŋ;m7 0-v;77;0b|1-u7vo=o|_;u0-mhv-v‰;ѴѴĺ
ru;v;m1;0‹v|u;m]|_;mbm]o†u0u-m1_ ;t†brl;m|-|0u-m1_;vĺ$_;o|_;u
0-mhbm]ruorovbঞomĺ$-hbm]|_;Cuv| l-fou7;ˆ;Ѵorl;m|†m7;u|_;0u-m1_ m-mo|_;u]uo†m7Ŋ0u;-hbm]7;ˆ;Ѵorl;m|ķ
v|;rvbm|_bvu;]-u7ķ|_;ruo]u-l|o 7b]bঞv-ঞomv|u-|;]‹‰-v|_;7b]bঞv-ঞom |_;(b7;o$;ѴѴ;u-1_bm;Ő($ő‰-v
bmv|-ѴѴ ;rovb|bovhv‰-vhb1h;7o@bm o=|_;7o1†l;m||u-mv=;uv‹v|;l|o 7;rѴo‹;7-v-rbѴo|ruof;1|-||_;;-7
ƑƏƐѵ-m7‰-vv†11;vv=†ѴѴ‹1om1Ѵ†7;7 ;m-0Ѵ;-ѴѴ7o1†l;m|v|o0;v1-mm;7 †-u|;uv0u-m1_-m7oѴol0o"†r;u
bm|_;‹;-u†m7;uu;ˆb;‰ķ‰b|_-ѴѴƑƑƖ -m7|u-mvlb‚;7;Ѵ;1|uomb1-ѴѴ‹0;|‰;;m 0u-m1_bmoˆ;l0;uƑƏƐѶĺ$_;($
0u-m1_;vbm1Ѵ†7bm]Ɛƒv†r;u0u-m1_;v 0u-m1_;vĺomv;t†;m|Ѵ‹|_;loˆ;l;m|o= rѴ-oul‰-v7;vb]m;7|oѴbmh|o|_;
0;bm];t†brr;7‰b|_-|Ѵ;-v|om;bovhĺ r_‹vb1-ѴCѴ;v0;|‰;;mѴo1-ঞomv_-v0;;m -mhĽv†v|ol;u-u;;m|u;‰_;u;
77bঞom-Ѵl;-v†u;v‰;u;|-h;m|o;mv†u; Ѵ-u];Ѵ‹;Ѵblbm-|;7ķѴ;-7bm]|obm1u;-v;7 -7;7b1-|;7ˆb7;o|;ѴѴ;u-vvbv|-m|‰-v
|_-|-ѴѴm;‰bovhv‰;u;bmv|-ѴѴ;7‰b|_bm or;u-ঞom-Ѵ;L1b;m1‹ķ‰_bѴ;|_;u;7†1ঞom -vvb]m;7|o7bu;1||_;1†v|ol;ubm
|_;$1†0b1Ѵ;|o]bˆ;|_;1†v|ol;u bmr-r;u†v-];_-v1om|ub0†|;7|o‰-u7v 1-uu‹bm]o†|-u-m];o=|-vhvbm1Ѵ†7bm]
ƑƓņƕķƒѵƔŊ7-‹-11;vvĺvr-u|o=- Ѵo‰;ubm]1ov|vĺ -11o†m|vor;mbm]ķ1-u7bvv†bm]ķ;|1ĺķbm
0uo-7;ubmbঞ-ঞˆ;|obm1u;-v;|_;m†l0;u -77bঞom|o|_;†v†-Ѵ$=†m1ঞomvĺ
o=1†v|ol;u|o†1_robm|vķv;Ѵ;1|;7 ATM Network
0u-m1_;vv_o‰bm]_b]_|u-mv-1ঞom On-Site & Off-Site ATMs
"bm1;|_;Ѵ-|;ƐƖѶƏv‰_;m"-lr-|_-mh
ˆoѴ†l;v‰;u;-ѴѴo1-|;7|‰obovhvĺ 1ollbvvbom;7b|vCuv|†|ol-|;7$;ѴѴ;u
$_;r_‹vb1-Ѵu;moˆ-ঞomruo]u-l|_-| -1_bm;bmƐƖѶѶo†um;|‰ouho=$v
500
1oll;m1;7bmƑƏƐƕ-Ѵvo1omঞm†;7 _-v;Šr-m7;7-1uovv|_;Ѵ;m]|_-m7
|_uo†]_o†||_;‹;-u‰b|_ƐѶ0u-m1_;v 0u;-7|_o=|_;1o†m|u‹ĺ ;vrb|;_-ˆbm]-m
400
91

=†ѴѴ‹1olrѴ;|;70‹;m7 ;1;l0;uƑƏƐѶĺ
82

;Š|;mvbˆ;m;|‰ouho=omŊvb|;-m7o@Ŋvb|;
83
77

$_;ruo]u-l‰-v=†u|_;u;Š|;m7;7|o 300
$vķoˆ;u|_;‹;-uv‰;_-ˆ;u;l-bm;7
v;ˆ;u-Ѵ7;r-u|l;m|v-||_;_;-7oL1;-v Culbmo†u;m7;-ˆo†u|o;Šr-m7o†u
‰;ѴѴĺ 200
u;-1_ķ-m7bmƑƏƐѶ1ollbvvbom;7ƑƑm;‰
omŊvb|;$v-m7ѵo@Ŋvb|;$vķ-Ѵom]
mƑƏƐѶ‰;;l0-uh;7om-0u-m1_ 100
‰b|_ƑƏ1-v_u;1‹1Ѵ;ul-1_bm;vķ0ubm]bm]
293

298

328
309

7b]bঞv-ঞomruo]u-lvr;-u_;-7;70‹
|_;|o|-Ѵm;|‰ouh-v-|ƒƐv| ;1;l0;u
|_;Ѵ-†m1_o=|_;]uo†m70u;-hbm]m;‰ 0
ƑƏƐѶ|oƓƐƖĺ 2015 2016 2017 2018
vѴbrѴ;vvŊ0-mhbm]-rr-bl;7-|;Ѵblbm-ঞm]
|_;|u-7bঞom-Ѵr-r;uŊ0-v;7 On-Site ATMs
Off-Site ATMs

SAMPATH SIMPLIFIED 59
MANUFACTURED CAPITAL

Digital Channels momŊ1†v|ol;uvķ-ѴѴo‰v†v;uv|ovblrѴ‹

m7bu;1|1ouu;Ѵ-ঞom|o|_;_b]_Ѵ;ˆ;Ѵvo= v1-m|_;u;vr;1ঞˆ;l;u1_-m|Ľv !1o7;
bm|;um;|r;m;|u-ঞomķ-7u-l-ঞ11_-m]; †vbm]|_;buvl-u|r_om;ou7;ˆb1;-m7
-m†-u‹ƑƏƐѶ bm1†v|ol;u0;_-ˆbo†u_-v0;;mo0v;uˆ;7 v;-lѴ;vvѴ‹1omm;1||o|_;"-lr-|_
"ѴbrŊѴ;vv bmu;1;m|‹;-uvķ‰b|_]uo‰bm]m†l0;uv -‹rr|ol-h;1-v_Ѵ;vvr-‹l;m|v0;Ѵo‰
orঞm]=ou|_;1omˆ;mb;m1;o=-‚;m7bm] !vƐƏķƏƏƏv;1†u;Ѵ‹-m7bmu;-Ѵঞl;ĺ
-mhbm]rr
|o|_;bu0-mhbm]m;;7v;b|_;uomѴbm;ou
;0u†-u‹ƑƏƐѶŊ(bu|†-Ѵ);0-u7!oѴѴ
|_uo†]_|_;bulo0bѴ;7;ˆb1;vķu-|_;u|_-m
†|Ő_-v;Ɛő
ˆbvbঞm]-r_‹vb1-Ѵ0u-m1_ĺ
;0u†-u‹ƑƏƐѶ $_;"-lr-|_-mh);0-u7bvv†-m1;
†v|-‹7orঞom $o1-r|†u;-Ѵ-u];uv_-u;o=|_bv7b]b|-Ѵ ruo1;vv‰-v7b]b|-Ѵbv;7bmƑƏƐѶ‰b|_|_;
1†v|ol;uv;]l;m|ķ‰;-u;Ѵoohbm]|o -blo=blruoˆbm]1†v|ol;u1omˆ;mb;m1;ĺ
7;ˆ;Ѵor]uo†m70u;-hbm]m;‰0-mhbm] )b|_|_bv;m_-m1;l;m|1†v|ol;uv1-m
voѴ†ঞomv|_-|;m-0Ѵ;1†v|ol;uv|o o0|-bm-ˆbu|†-Ѵ);0-u7omѴbm;bm
;0u†-u‹ƑƏƐѶ |u-mv-1|v;-lѴ;vvѴ‹-1uovvl†ѴঞrѴ;|o†1_Ŋ u;-Ѵঞl;|_uo†]_|_;"-lr-|_(bv_‰-
(bu|†-Ѵ);0-u7 robm|vĺ&m7;urbmmbm]o†u‰ouhbm|_bv rou|-Ѵĺm1;bvv†;7ķ†v;uv1-m-11;vv
!oѴѴ†|Ő_-v;Ɛő u;]-u7bv-0uo-7Ŋu-m]bm]7b]b|-Ѵv|u-|;]‹ |_;ˆbu|†-Ѵ);0-u7|_uo†]_"-lr-|_
|_-|1omঞm†;v|o;ˆoѴˆ;bm|-m7;l‰b|_ (bv_‰--m7†v;b|=ou;Ŋ1oll;u1;
|_;]Ѵo0-Ѵ0-mhbm]|u;m7vĺ$_;v|u-|;]‹ |u-mv-1ঞomv|_uo†]_o†||_;1-u7ˆ-Ѵb7b|‹
Ѵ;ˆ;u-];vom|_;Ѵ-|;v||;1_moѴo]b1-Ѵ r;ubo7ĺ
rubѴƑƏƐѶ
7;ˆ;Ѵorl;m|vķ-m7vbm1;b|vѴ-†m1_bm
;Ŋ-‹o0bѴ; rubѴƑƏƐѶŊ;Ŋ-‹o0bѴ;-v_-†m1_
-v_-†m1_ ƑƏƐѵ_-v0;;mu;vromvb0Ѵ;=ouv;ˆ;u-Ѵ
Cuv|Ŋ|oŊl-uh;|ruo7†1|v|_-|_-ˆ;_;Ѵr;7 $‹bm]†r‰b|_|_; ;r-u|l;m|o=ov|v
rovbঞom"-lr-|_-mh-v|_;Ѵ;-7bm] "ub-mh-ķ|_;-mh†mˆ;bѴ;7;Ŋr-‹
7b]b|-Ѵ0-mhbm"ub-mh-ĺmƑƏƐѶ|_; o0bѴ;-v_ķ-u;ˆoѴ†ঞom-u‹v;uˆb1;|_-|
v|u-|;]‹=o1†v;7om;Šr-m7bm]o†u7b]b|-Ѵ Ѵ;ˆ;u-];v|_;m;|‰ouho=oˆ;uƓķѵƏƏ
-‹ƑƏƐѶ rov|oL1;vķv†0Ŋrov|oL1;v-m7ƓƐƖ
1_-mm;Ѵ-u1_b|;1|†u;bmou7;u|obm1u;-v;
&"|o1h|u-7; "-lr-|_-mh$v-uo†m7|_;bvѴ-m7|o
m|;]u-ঞom |_;m†l0;uo=|o†1_robm|v‰_b1_‰o†Ѵ7
_;Ѵr]uo‰o†uo†|u;-1_ˆbvŊ-Ŋˆbv|_; ;m-0Ѵ;u;-Ѵঞl;lom;‹|u-mv=;uvv;1†u;Ѵ‹
=oѴѴo‰bm]ĸ -m71omˆ;mb;m|Ѵ‹‰b|_o†||_;†v;o=
r_‹vb1-Ѵ1-v_ĺ$_;bmbঞ-ঞˆ;bvbmѴbm;‰b|_
-m†-u‹ƑƏƐѶŊ"ѴbrŊѴ;vv-mhbm]rr |_;oˆ;uml;m|Ľv;@ou|v|o|u-mv=oul
-‹ƑƏƐѶ $_;ľvѴbrŊѴ;vv0-mhbm]Ŀ1om1;r|v;uˆ;v-v 1omˆ;mঞom-Ѵv;uˆb1;v†vbm]7b]b|-Ѵ
-m†Ѵ|u-Ŋ1omˆ;mb;m|orঞom=ou|_;m;‰Ŋ |;1_moѴo]‹|_-|‰o†Ѵ7vr;-u_;-7|_;
_-|0o|
-];0-mhbm]1†v|ol;u†m‰bѴѴbm]|ovr;m7 1o†m|u‹Ľvlb]u-ঞom|o-1-v_ŊѴ;vvvo1b;|‹
ঞl;t†;†bm]†r-||_;0u-m1_ĺ$_uo†]_ bm|_;‹;-uv-_;-7ĺ
†m;ƑƏƐѶ
|_;ĿvѴbrŊѴ;vv0-mhbm]Ŀrr1†v|ol;uv1-m
mѴbm; †b1hŊ -‹ƑƏƐѶŊ&"|o1h|u-7;m|;]u-ঞom
7;rovb|-m7‰b|_7u-‰1-v_‰b|_o†||_;
11;vvo-m -1bѴb|‹ m-0Ѵbm]"-lr-|_-mhĽv;uvom-Ѵ ou;b]m
ŐbѴo|uof;1|ő m;;7=ouCѴѴbm]o†|-m‹=oulvĺ$_;ľvѴbrŊ
Ѵ;vv0-mhbm]Ŀrrķ-ˆ-bѴ-0Ѵ;=ou7o‰mѴo-7 †uu;m1‹Ő ő-11o†m|_oѴ7;uv|oѴbmh
om0o|_b"-m7m7uob7rѴ-oulvbv |_;bu -11o†m||o|_;&"|o1h|u-7;
-Ѵvo;Šr;1|;7|ovr;-u_;-7o†ufo†um;‹ lo0bѴ;-rr-m7†v;b||ol-h;r-‹l;m|v
†m;ƑƏƐѶ |o‰-u7v0;1olbm]"o†|_vb-ĽvCuv| ‰_;m|u-7bm]bmv;1†ubঞ;vѴbv|;7omv|o1h
r-r;uѴ;vv0-mhĺ ;Š1_-m];v-1uovv|_;&"|_uo†]_|_;
b]b[rr
&v|o1h|u-7;-rrĺ
;0u†-u‹ƑƏƐѶŊ†v|-‹7orঞom
-‹ƑƏƐѶŊ_-|0o|
"-lr-|_-mhvb]m;7†r‰b|_-mh-
Ѵ;-uŐˆ|ő|7|o-7or||_;†v|-‹š $_;lov|u;1;m|-77bঞom|o|_;-mhŝv
oˆ;l0;uƑƏƐѶ m;|‰ouhķ‰_b1_-ѴѴo‰v1†v|ol;uv|ol-h; 7b]b|-Ѵ1_-mm;Ѵbm=u-v|u†1|†u;bv"ķ-m
(bu|†-Ѵ$;ѴѴ;u r-‹l;m|v0‹7;0bঞm]-m‹0-mh-11o†m| ŐuঞC1b-Ѵm|;ѴѴb];m1;őro‰;u;7_-|0o|
-1_bm;Ő($ő ‰_b1_bv1omm;1|;7|o|_;†v|-‹š l-7;-ˆ-bѴ-0Ѵ;om|_;-mhĽv1ourou-|;
m;|‰ouhĺ$_bv=-1bѴb|‹ķ‰_b1_bv-ˆ-bѴ-0Ѵ; ‰;0vb|;-m7om -1;0ooh;vv;m];u-m7
|o"-lr-|_-mh1†v|ol;uv-v‰;ѴѴ-v o|_;ul;vv-]bm]rѴ-oulvĺt†brr;7‰b|_

60 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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"&$!+ !$

|_;bub]b[ķ‰b|_bmv|u†1ঞomvom_o‰|_; 7b]b|-Ѵbv-ঞombmou7;u|o];m;u-|;
"The Bank’s investment ]b[1-m0;u;|ub;ˆ;7ĺm|_;;ˆ;m||_; 1_;-r;uŊ0;‚;uŊ=-v|;uvoѴ†ঞomv|_-|
u;1brb;m|7o;vmo|_-ˆ;|_;rrom|_;bu ‰o†Ѵ7v;uˆ;-v-h;‹1olr;ঞঞˆ;Ѵ;ˆ;uĺ
in VTMs is part of a long
r_om;ķ|_;‹‰bѴѴu;1;bˆ;-""moঞ=‹bm] -ˆbm];l0-uh;7om|_bvr-|_-=;‰
term strategy aimed at |_;u;1;br|o=|_;]b[ĺb[1-m0;1u;7b|;7 ‹;-uv-]oķ‰;_-ˆ;bmˆ;v|;7_;-ˆbѴ‹oˆ;u
migrating to a more cost |o-0-mh-11o†m|Ő;b|_;u-"-lr-|_-mh |_;r-v||_u;;‹;-uv|ov|u;m]|_;mo†u$
11o†m|ou-mo|_;u0-mh-11o†m|ő-||_; 0-1h0om;ĺ
effective virtual branch 7bv1u;ঞomo=|_;_oѴ7;uĺ
model." $o=†u|_;u;Šr;7b|;o†u7b]b|-Ѵ
oˆ;l0;uƑƏƐѶŊ(bu|†-Ѵ$;ѴѴ;u-1_bm; |u-mv=oul-ঞomķ|_;m;‰7b]b|-Ѵv|u-|;]‹
Ő($ő ‰-vuoѴѴ;7o†|bm|_;;-uѴ‹r-u|o=ƑƏƐѶķ
-7ˆ-m1;7bm|;u-1ঞˆ;=;-|†u;v;m-0Ѵ;70‹ omঞm†bm]|o0u;-h0-uub;uvbm0-mhbm] o†|Ѵbmbm]|_;h;‹|_u†v|-u;-v|_-||_;
b1uovo[o]mbঞˆ;";uˆb1;vĽrrѴb1-ঞom |;1_moѴo]‹ķ"-lr-|_-mhrbom;;u;7 -mh‰o†Ѵ70uo-7Ѵ‹=o1†vomoˆ;u|_;
uo]u-ll;m|;u=-1;vŐőķ"bv "ub-mh-ĽvCuv|Ŋ;ˆ;u($-||_;oѴol0o m;Š||_u;;‹;-uvĺ)b|_bm|_bv=u-l;‰ouhķ
1-r-0Ѵ;o=u;vrom7bm]|o-‰b7;-uu-‹o= "†r;u0u-m1_ĺ$_;($Ľv-7ˆ-m1;7 |_;;lr_-vbv=ouƑƏƐѶ‰-v|ovblrѴb=‹
1†v|ol;ut†;ub;vu;Ѵ-|;7|o|_;bu0-mh =†m1ঞom-Ѵb|‹v†rrou|v-u-m];o=0-mhbm] ruo1;vv;v-m71u;-|;-lou;-]bѴ;
-11o†m|vķ1u;7b|-m77;0b|1-u7vķѴo-mvķ m;;7vķ=uolvblrѴ;|u-mv-1ঞomvv†1_-v or;u-ঞom-Ѵv|u†1|†u;|_-|‰o†Ѵ77ubˆ;
Ѵ;-vbm]-m7r-‰mbm]=-1bѴbঞ;vĺm-77bঞom 1-v_7;rovb|vķ‰b|_7u-‰-Ѵv-m71_;t†; ruo7†1ঞˆb|‹-m7Ѵo‰;u1ov|vĺ
b|bv-0Ѵ;|oruoˆb7;1†v|ol;uv-m7o|_;uv 7;rovb|v|olou;-7ˆ-m1;7=†m1ঞomvv†1_
‰b|_];m;u-Ѵbm=oul-ঞomom-m‹o=|_; -v=†m7|u-mv=;uvķbvv†bm]o=7;0b|1-u7v ";ˆ;u-Ѵblrou|-m|v|;rv‰;u;|-h;mbm|_bv
v;uˆb1;vo@;u;70‹|_;-mhĺvr-u|o= -m7or;mbm]o=-11o†m|vĺm-77bঞom u;]-u7ķlov|mo|-0Ѵ;-lom]|_;lĸ|_;
|_;Cuv|r_-v;o=|_;uoѴѴo†|ķ"‰-v 1†v|ol;uv1-m†v;|_;($v0†bѴ|Ŋbm 7b]b|-Ѵbv-ঞomo=|_;1†v|ol;uomŊ0o-u7bm]
l-7;-ˆ-bѴ-0Ѵ;omѴ‹bmm]Ѵbv_ķ‰b|_rѴ-mv r_om;u;1;bˆ;u|o1omm;1|7bu;1|Ѵ‹|o|_; ruo1;vv=ou-11o†m|vor;mbm]ķ‰_b1_
†m7;u‰-‹l-h;b||ubѴbm]†-Ѵbm|_;m;-u -mhĽv†v|ol;u-u;;m|u;-m7u;t†;v| u;ru;v;m|vr_-v;Ƒo=|_;;Ŋvb]m-|†u;
=†|†u;ĺ =ou-m7u;1;bˆ;-77bঞom-Ѵbm=oul-ঞomou bmbঞ-ঞˆ;uoѴѴ;7o†|bmƑƏƐƕĺ$o=-1bѴb|-|;
-vvbv|-m1;u;-Ѵঞl;ĺt†brr;7|o_-m7Ѵ; |_;7b]b|-Ѵlb]u-ঞomķ|_;u;Ѵ;ˆ-m|lo7†Ѵ;
†m;ƑƏƐѶŊmѴbm; †b1hŊ11;vvo-m oˆ;uƕƏѷo=|_;=†m1ঞomvo=-r_‹vb1-Ѵ ‰-vlo7bC;7|o-ѴѴo‰-ѴѴ-11o†m|or;mbm]
-1bѴb|‹ŐbѴo|uof;1|ő 0u-m1_ķ($v_-ˆ;|_;-77;7-7ˆ-m|-]; =oul-Ѵbঞ;v|o0;1olrѴ;|;70‹-11;vvbm]
$_;ruof;1|-blv|oruoˆb7;Ѵom]v|-m7bm] o=ƑƓņƕķƒѵƔŊ7-‹-ˆ-bѴ-0bѴb|‹ĺ |_;vr;1b-Ѵt†b1hѴbmhv]bˆ;mbm|_;
"-lr-|_-mh1†v|ol;uv-11;vv|o1u;7b| 1ourou-|;‰;0vb|;ķ‰b|_1†v|ol;uvomѴ‹
t†b1hѴ‹-m7;-vbѴ‹0‹-rrѴ‹bm]=ou-m $_;-mhĽvbmˆ;v|l;m|bm($vbvr-u|o= u;t†bu;7|oru;v;m||_;lv;Ѵˆ;v-||_;
omѴbm;Ѵo-m=-1bѴb|‹0‹Ѵo]]bm]|_uo†]_ -Ѵom]Ŋ|;ulv|u-|;]‹-bl;7-|lb]u-ঞm] 0u-m1_=ou|_;+ˆ;ubC1-ঞomruo1;vvĺ
"-lr-|_(bv_‰-ĺ$_;Ѵo-m‰bѴѴ0;]u-m|;7 |o-lou;1ov|;@;1ঞˆ;(bu|†-Ѵu-m1_
v†0f;1||o|_;ru;7;Cm;7r-u-l;|;uvĺ lo7;Ѵĺ vr-u|o=|_;v-l;;@ou|ķ|_;1u;7b|
†v|ol;uv_-ˆ;|_;Ѵb0;u|‹|o1_oov;|_; 1-u7-rrѴb1-ঞomruo1;vv-m7|_;
IT Infrastructure or;mbm]ruo1;vv‰;u;0o|_7b]bঞv;7ķ‰b|_
ˆ-Ѵ†;ķ|_;u;r-‹l;m|r;ubo7‰b|_bm|_;
]bˆ;mr-u-l;|;uvĺ )_bѴ;o†urovbঞom-v-mbm7†v|u‹Ѵ;];m7 -ѴѴ1†v|ol;ubm=oul-ঞom0;bm]7b]b|-ѴѴ‹
7o;vruoˆb7;"-lr-|_-mh‰b|_- -u1_bˆ;7bm-v;1†u;;mˆbuoml;m|-m7
†m;ƑƏƐѶŊb]b[rr vb]mbC1-m|or;u-ঞm]-7ˆ-m|-];ķ‰; l-7;-11;vvb0Ѵ;bm|;um-ѴѴ‹|ou;Ѵ;ˆ-m|
b]b[bv-u;ˆoѴ†ঞom-u‹1om1;r|7;ˆ;Ѵor;7 1omঞm†;|o=-1;-m;‰u;-Ѵb|‹‰_;u;|_; v|-@|_uo†]_|_; bѴ;;|7-|-v_-ubm]
bmŊ_o†v;†vbm]|_;Ѵ-|;v|]Ѵo0-ѴѴ‹ 1o†m|u‹Ľv0-mhbm]bm7†v|u‹Ѵ-m7v1-r; rѴ-oulĺ
-11;r|;70Ѵo1h1_-bm|;1_moѴo]‹|o1u;-|; |o7-‹bv1_-m]bm]u-rb7Ѵ‹‰b|_m;‰rѴ-‹;uv
-=u-l;‰ouh|o=-1bѴb|-|;r;uvomŊ|oŊ |-hbm]0oѴ7v|;rv|o];|-_;-7ĺ77bm]|o "|;rv‰;u;-Ѵvo|-h;m|o7b]bঞv;|_;
r;uvom]b[bm]ĺm‹"-lr-|_-mh-11o†m| |_bvbv|_;|_u;-|o= bm-m1b-Ѵ$;1_moѴo]‹ u;1;br|bvv†bm]l;1_-mbvl=oѴѴo‰bm]
_oѴ7;u1-m7o‰mѴo-7|_;b]b[rrom Ő bm$;1_ő1olr-mb;v;m1uo-1_bm]bm|o ‰_b1_mor_‹vb1-Ѵ7o1†l;m|v0;bm]
b"-m7m7uob7ķ-m7†v;|_;rѴ-oul|o o†u|;uub|ou‹-v|_;buˆ-ubo†v|;1_moѴo]‹Ŋ bvv†;7ĺm|uo7†1ঞomo=;Ŋu;1;br|v
1u;-|;-1†v|olbv;7]b[1;uঞC1-|;=ou-m‹ 0-v;7Cm-m1b-Ѵr-‹l;m|rѴ-oulvķ =ou v‰-vѴ-†m1_;7-v-m;-uѴ‹
-lo†m|0;|‰;;m!vƐƏƏ|o!vƐƏķƏƏƏ ;|1ĺ]-bm|u-1ঞom-lom]7b]b|-ѴŊv-ˆˆ‹ -7orঞoml;|_o7=ou7b]bঞvbm]1†v|ol;u
r;u]b[ķ†r|o-l-Šbl†lo=!vƐƏƏķƏƏƏ 1†v|ol;uvĺo†m|;u-1ঞm]|_;v;]uo‰bm] |u-mv-1ঞomvĺ
r;u7-‹ĺ;-m‰_bѴ;u;1brb;m|v‰_o_-ˆ; 1olr;ঞঞˆ;ru;vv†u;v_-v0;1ol;-m
|_;rrbmv|-ѴѴ;7om|_;buvl-u|r_om;‰bѴѴ oˆ;u-u1_bm]ruboub|‹ķruolrঞm]"-lr-|_
u;1;bˆ;-mbmŊ-rrmoঞC1-ঞomu;]-u7bm] -mh|oѴoohlou;-m7lou;|o‰-u7v

SAMPATH SIMPLIFIED 61
INTELLECTUAL CAPITAL

"Sampath Bank’s Intellectual Capital is largely responsible

for upholding our reputation as one of the country’s top-tier
banks in every aspect."

"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh

"With the new strategy -|;ub-Ѵ$orb1v

u-m7t†b|‹
o1†vu;-v=ouƑƏƐѶ

†bѴ7bm]u-m7t†b|‹
expressly focusing
†vbm;vvomঞm†b|‹Ѵ-mmbm] uo-7;mbm]|_;oѴb1‹ u-l;‰ouh
on increasing the |_b1v-m7m|;]ub|‹ "|u;m]|_;mbm]|_;†Ѵ|†u;
concentration on digital !;v;-u1_-m7 ;ˆ;Ѵorl;m| "|u;m]|_;m‹0;uv;1†ub|‹oˆ;um-m1;
marketing, a digital
marketing agency was Highlights for 2018 7b]b|-Ѵl-uh;ঞm]-];m1‹‰-v-rrobm|;7
†bѴ7bm]u-m7t†b|‹ |ov_-ur;m|_;0u-m71oˆ;u-];bm|_;
appointed to sharpen the 7b]b|-Ѵvr-1;ĺ$o=†u|_;u1olrѴ;l;m||_bv
brand coverage in the Primary Objective: ;@ou|ķ-7;7b1-|;7vo1b-Ѵl;7b-1oll-m7
1;m|u;‰-vv;|†rbmŊ_o†v;ķ|oo@;uƑƓņƕ
digital space." †bѴ7-7bvঞm1|0u-m7b7;mঞ|‹|_-|
v†rrou|=ou-m‹bvv†;v|_-|l-‹_-ˆ;-m
‰o†Ѵ7]bˆ;"-lr-|_-mh-Ѵ;-7bm]
;7];bm"ub-mh-Ľvbm1u;-vbm]Ѵ‹ blr-1|om|_;0u-m7bl-];ĺ
1olr;ঞঞˆ;-mhbm]m7†v|u‹ĺ
"-lr-|_-mhĽvm|;ѴѴ;1|†-Ѵ-rb|-Ѵbv uo-7;mbm]|_;oѴb1‹ u-l;‰ouh
Ѵ-u];Ѵ‹u;vromvb0Ѵ;=ou†r_oѴ7bm]o†u Primary Objective:
lruoˆbm]|_;-Ѳb]ml;m|‰b|_0u-m7
u;r†|-ঞom-vom;o=|_;1o†m|u‹Ľv|orŊ ]†b7;Ѳbm;v
ঞ;u0-mhvbm;ˆ;u‹-vr;1|ĺ uolo|;]Ѵo0-ѴѴ‹-11;r|;70;v|
v-=oѴѴo‰†r|o|_;Ѵ-†m1_o=|_;
ru-1ঞ1;vbm|_;7-‹Ŋ|oŊ7-‹0†vbm;vvĺ
1ourou-|;0u-m7]†b7;Ѵbm;vbmƑƏƐƕķ-
);_-ˆ;b7;mঞC;7=o†ul-|;ub-Ѵ
v;ub;vo=|u-bmbm]v;vvbomv‰;u;_;Ѵ7=ou
|orb1v7;;l;71ubঞ1-Ѵbml-m-]bm]
;lrѴo‹;;v-Ѵom]‰b|_v;ˆ;u-Ѵ‰ouhv_orv
o†um|;ѴѴ;1|†-Ѵ-rb|-Ѵ-m77;7b1-|;
|o;mv†u;-ѴѴv|-h;_oѴ7;uvu;l-bm-Ѵb]m;7 olrѲ‹bm]‰b|_|_;m;‰o7;o=;v|
1omvb7;u-0Ѵ;u;vo†u1;v;-1_‹;-u|o
‰b|_|_;m;‰0u-m7]†b7;Ѵbm;vĺ u-1ࢼ1;omourou-|;oˆ;um-m1;bvv†;70‹
bm1u;-v;|_;1-r-1b|‹o=|_;v;bm|-m]b0Ѵ;
"ub-mh-
-vv;|vĺ
-†m1_o=-7b]b|-Ѳl-uh;ࢼm]v|u-|;]‹
ѴѴm;‰]†b7;Ѵbm;vbvv†;70‹|_;
m;‰7b]b|-Ѵl-uh;ঞm]v|u-|;]‹‰-v "ub-mh-r;u|-bmbm]|o|_;ourou-|;
uoѴѴ;7o†|bmlb7ŊƑƏƐѶķ-vr-u|o=- oˆ;um-m1;o7;‰;u;-7or|;7ķ‰b|_
0uo-7;u;@ou||orovbঞom"-lr-|_ u;t†bu;71_-m];v0;bm]l-7;-11ou7bm]Ѵ‹ĺ
-mh-v|_;Ѵ;-7bm]7b]b|-Ѵ0-mhbm|_; "|;llbm]=uol|_;v;1_-m];vķ|_;v1or;
1o†m|u‹0‹ƑƏƑƏĺ)b|_|_;m;‰v|u-|;]‹ o=v;ˆ;u-Ѵ;Šbvঞm]roѴb1b;v‰;u;-Ѵvo
;Šru;vvѴ‹=o1†vbm]ombm1u;-vbm]|_; bm1u;-v;7ķlov|mo|-0Ѵ;-lom]|_;l
1om1;m|u-ঞomom7b]b|-Ѵl-uh;ঞm]ķ-

62 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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$ "&""ş+""
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0;bm]|_;-l;m7l;m|vl-7;|o|_;
)_bv|Ѵ;Ѵo‰bm]oѴb1‹-m7|_;oѴb1‹om
oll†mb1-ঞomĺ

"|u;m]|_;mbm]|_;†Ѵ|†u;

Primary Objective:

!;bm=ou1;|_;1ollb|l;m||o;|_b1v
-m7bm|;]ub|‹0‹h;;rbm]-0u;-v|o=
m;‰7;ˆ;Ѵorl;m|vbm|_;0-mhbm]
bm7†v|u‹ĺ

‰-u;m;vvň0†bѲ7bm]‰ouhv_orv
v;ub;vo=‰ouhv_orv‰;u;_;Ѵ7|o1u;-|;
0o-u7Ѵ;ˆ;Ѵ-‰-u;m;vvu;]-u7bm]|_;
-mঞŊlom;‹Ѵ-†m7;ubm]u;]†Ѵ-ঞomvĺ$_;
‰ouhv_orvķ‰_b1_v-‰|_;r-uঞ1br-ঞom Ŝ†mh-Ѳ-v-ŜŎuovr;ub|‹o|ŏňvb]mo=]oo7Ѳ†1h-m7-0†m7-m1;
o=-ѴѴo-u7l;l0;uvķ‰;u;1om7†1|;7
0‹|_; bm-m1b-Ѵm=oul-ঞom&mb|o=|_;
"ĺ oˆ;um-m1;&mb|Ő &ő‰-v;v|-0Ѵbv_;7ķ

"|u;m]|_;m‹0;uv;1†ub|‹oˆ;um-m1;
‰b|__-m7Ѵbm]o=7-|-v;1†ub|‹-m7 "Going beyond the
l-m-]bm]|_;bm|;]ub|‹o=;Šbvঞm]7-|-
CBSL’s baseline
Primary Objective: 0;bm]0uo†]_|†m7;u|_;r†uˆb;‰o=|_;
&ĺ standards for
"-=;]†-u7-]-bmv|ro|;mঞ-Ѵ
1‹0;uv;1†ub|‹-‚-1hv-m7|_;u;0‹ ‹0;uv;1†ub|‹†7b|
cybersecurity, an
lbmblbv;ubvh|o|_;-mhĽvu;r†|-ঞomĺ
obm]0;‹om7|_;"Ľv0-v;Ѵbm; independent third party
v|-m7-u7v=ou1‹0;uv;1†ub|‹ķ-m was commissioned to
bm7;r;m7;m||_bu7r-u|‹‰-v
Ѳb]ml;m|‰b|_"0-v;Ѳbm;v|-m7-u7v
1ollbvvbom;7|o1om7†1|-t†-u|;uѴ‹
conduct a quarterly
Ѵb]mbm]‰b|_|_;m;‰"0-v;Ѵbm;
v|-m7-u7v=ou;-uѴ‹ƑƏƐѶķ1‹0;uv;1†ub|‹
-†7b|o=|_;-mhĽv1‹0;uv;1†ub|‹v‹v|;lvĺ audit of the Bank’s
$‰ov†1_-†7b|v‰;u;1om7†1|;7=ou
‰-v7;;l;7|_;l-fouruboub|‹=ou|_;
|_;t†-u|;uv;m7;7ƒƏ|_†m;-m7ƒƏ|_
cybersecurity systems."
‹;-uĺ)_bѴ;l†1_o=|_;u;t†bu;l;m|v
";r|;l0;uƑƏƐѶĺ
†m7;u|_;m;‰v|-m7-u7‰;u;l;|
|_uo†]_|_;"ƑƕƏƏƐŐm=oul-ঞom
";1†ub|‹-m-];l;m|őu;1;uঞC1-ঞom
ruo1;vvķ|_;u;l-bmbm]]-rv‰;u;
-77u;vv;7-11ou7bm]Ѵ‹ĺ$_;lov|
vb]mbC1-m|m;‰7;ˆ;Ѵorl;m|bm|_bv
u;]-u7‰-v|_;-rrobm|l;m|o=-m;‰
m=oul-ঞom";1†ub|‹L1;uĺm;‰
u;rouঞm]Ѵbm;‰-v1u;-|;7|o;mv†u;
|_;m=oul-ঞom";1†ub|‹L1;uu;rou|v
7bu;1|Ѵ‹|o|_;uo†r_b;=!bvhL1;u
u;]-u7bm]|_;-mhĽvv;mvbঞˆb|‹-m7ubvh
-rr;ঞ|;|o‰-u7v1‹0;uv;1†ub|‹|_u;-|v
-|-m‹]bˆ;mঞl;ĺm-77bঞomķ‰b|_
;@;1|=uolƏƐv|-‹ƑƏƐѶķ-m;‰ -|-

SAMPATH SIMPLIFIED 63
HUMAN CAPITAL

"We continue to systematically invest in developing our

employees to ensure they stay connected to the Bank’s
core purpose."

"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om
†l-m-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh

;bm]-0-mhķo†u_†l-m1-rb|-Ѵķ$;-l bmˆ;v|bm7;ˆ;Ѵorbm]o†u;lrѴo‹;;v|o 1olru;_;mvbˆ;roѴb1‹=u-l;‰ouh‰b|_

"-lr-|_ķbvo†ulov|ˆ-Ѵ†-0Ѵ;-vv;|ķ=oub| ;mv†u;|_;‹v|-‹1omm;1|;7|o|_;-mhĽv |_;-blo=7;ˆ;Ѵorbm]-u;Ѵb-0Ѵ;ķ‰;ѴѴŊ
bv|_;‹‰_o-u;;m|u†v|;7‰b|_7;Ѵbˆ;ubm] 1ou;r†urov;ĺ |u-bm;7-m7_b]_Ѵ‹Ŋ1-r-0Ѵ;‰ouh=ou1;|_-|
|_;"-lr-|_(-Ѵ†;uorovbঞom|o|_; |_;-mh1-mѴ;ˆ;u-];omķ|o;Š;1†|;b|v
1†v|ol;u-m7bm7obm]vo-Ѵvo|-vh;7‰b|_ );_-ˆ;b7;mঞC;7=o†ul-|;ub-Ѵ v|u-|;]‹-m71omঞm†;|ov|-‹-_;-7o=
u;-Ѵbvbm]|_;-mhŝv]o-Ѵv-m7o0f;1ঞˆ;vĺ |orb1v7;;l;71ubঞ1-Ѵbml-m-]bm]o†u r;;uvĺ
;m1;‰;1omঞm†;|ov‹v|;l-ঞ1-ѴѴ‹ _†l-m1-rb|-Ѵ-m7_-ˆ;r†|bmrѴ-1;-

ˆ;u-ѴѴ†l-m!;vo†u1;voѴb1‹
;ˆ;Ѵorbm]
lrѴo‹;;
!;1u†b|l;m|-m7";Ѵ;1ঞomoѴb1‹
-r-0bѴbঞ;v

;u=oul-m1;-m-];l;m|oѴb1‹

$u-bmbm]-m7 ;ˆ;Ѵorl;m|oѴb1‹
-|;ub-Ѵ$orb1v
m_-m1bm]lrѴo‹;;
m7†v|ub-Ѵ!;Ѵ-ঞomvoѴb1‹ uo7†1ঞˆb|‹
lrѴo‹;;m]-];l;m|
lrѴo‹;;!;Ѵ-ঞomvoѴb1‹
$-Ѵ;m|1t†bvbঞom-m7
-m-];l;m| o1†vu;-v !;‰-u7-m-];l;m|oѴb1‹
$u-bmbm]-m7 ;ˆ;Ѵorl;m| "|u;m]|_;mbm]
lrѴo‹;;);Ѵ=-u;oѴb1‹ †v|ol;u
lrѴo‹;;!;Ѵ-ঞomv ub;m|-ঞom
ub;ˆ-m1;v-m7Ѵbm]oѴb1‹

lrѴo‹;;$u-mv=;uoѴb1‹
†bѴ7bm]lrѴo‹;;
;-ˆ;7lbmbv|u-ঞomoѴb1‹ !;Ѵ-ঞomv-m7
lrѴo‹;;
m]-];l;m|
"rou|voѴb1‹

64 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

We Foster and
Promote the Talents
of Our Team
‹-mhb7;mঞC;7l‹|u†;ro|;mঞ-Ѵ=uol|_;
7-‹0;1-l;-r-u|o=|_;"-lr-|_=-lbѴ‹ĺ
$_;v†rrou|u;1;bˆ;7=uol|_;-mh-m7|_;
-m-];l;m|]-ˆ;l;|_;v|u;m]|_-m7|_;
1o†u-];|o=-1;1_-ѴѴ;m];v-v-m;lrѴo‹;;
-m7-vrou|vl-m|ou;-1_|_;rbmm-1Ѵ;o=l‹
1-u;;u-v-1ub1h;|;uĺml‹u;ঞu;l;m|=uol
|_;-ঞom-Ѵub1h;|$;-lķl‹-mh‰;Ѵ1ol;7
l;ķ-11;rঞm]mo|omѴ‹l‹-1_b;ˆ;l;m|vķ0†|
l;-vom;o=b|v†mbt†;l;l0;uvĺ$o7-‹ķ-l
ruo†7|ov-‹|_-|-l-l;l0;uo=|_bv]u;-|
"-lr-|_=-lbѴ‹ĺ

!-m]-m-;u-|_
-m-];uŊ†vbm;vvuoloঞomv

Highlights of 2018 Sampath Leadership Academy Developing Credit Competency

;ˆ;Ѵorbm]lrѴo‹;;-r-0bѴbঞ;v "-lr-|_;-7;uv_br1-7;l‹ruoˆb7;v v;ub;vo=ƐƑ|_u;;Ŋ7-‹1o†uv;v‰;u;
Implementation of the Training Master Plan |u-bmbm]orrou|†mbঞ;v=ou;lrѴo‹;;v 1om7†1|;77†ubm]|_;‹;-u|o7;ˆ;Ѵor
bmou7;u|o]uool|_;l|o|-h;†r |_;1u;7b|1olr;|;m1‹o=|;-ll;l0;uvĺ
$_;-mhbmˆ;v|;7!vƕƏĺƓm7†ubm]
Ѵ;-7;uv_bruoѴ;vbm|_;=†|†u;ĺm|_; oˆ;ubm];vv;mঞ-Ѵ-u;-vo=1u;7b|ķ|_;
ƑƏƐѶ|o7;ˆ;Ѵor1olr;|;m1b;vo=|;-l
‹;-u†m7;uu;ˆb;‰ķ-]uo†ro=Ɛѵ|;-l ruo]u-ll;-blv|o1u;-|;-rooѴo=|;-l
l;l0;uv|ov†rrou||_;lbm|_;buru;v;m|
l;l0;uv=uol|_;";mbou-m-];l;m| l;l0;uv|o0;7;rѴo‹;7=ou1u;7b|u;Ѵ-|;7
fo0uoѴ;v-v‰;ѴѴ-v|oru;r-u;|_;l=ou
‰;u;vromvou;7|o-‚;m7|_;;-7;uv_br -vvb]ml;m|v‰b|_bm|_;0u-m1_m;|‰ouh-v
_b]_;uu;vromvb0bѴbঞ;vbm=†|†u;ĺ
;ˆ;Ѵorl;m|uo]u-ll;1om7†1|;7 -m7‰_;mu;t†bu;7ĺ|o|-Ѵo=ƑƒѶ|;-l
0‹vb-mmvঞ|†|;o=$;1_moѴo]‹Ő$őķ l;l0;uvr-uঞ1br-|;7bm|_;ruo]u-ll;ķ
m|_bvu;]-u7ķ-|o|-Ѵo=ƐƒƐķƕѶѶ|u-bmbm]
$_-bѴ-m7ķ‰_bѴ;-mo|_;u|‰o|;-l o=‰_olƐƔƏ_-ˆ;-Ѵu;-7‹0;;m1;uঞC;7ĺ
_o†uv‰;u;1olrѴ;|;7|_uo†]_bm|;um-Ѵķ
l;l0;uvbmourou-|;-m7";mbou ˆ;uƖƏѷo=u-m1_-m-];uvņvvbv|-m|
;Š|;um-Ѵķoˆ;uv;-v|u-bmbm]ķ;ŊѴ;-umbm]-m7
-m-];l;m|1-|;]oub;v‰;u;]u-m|;7 u-m1_-m-];uv1olrѴ;|;7|_;vr;1b-ѴѴ‹
7bv|-m1;Ѵ;-umbm]ĺ
v1_oѴ-uv_brv=ou-;-7;uv_bruo]u-ll; 7;vb]m;7omѴbm;1;uঞC1-ঞomruo]u-ll;
-|-uˆ-u7†vbm;vv"1_ooѴķov|omķ&"ĺ bm1u;7b|ĺ
Rollout of a Training Track
=†u|_;uƑƐƔ|;-ll;l0;uvu-m]bm]
$_bvm;‰bmbঞ-ঞˆ;‰-vbm|uo7†1;7 =uolb77Ѵ;-m-];l;m||oourou-|; m-77bঞom|o|_;-0oˆ;ķ-v;ub;vo=
bmƑƏƐѶbmou7;u|o;m_-m1;|_; -m-];l;m|‰;u;;Šrov;7|o;-7;uv_br ruo]u-ll;v=o1†vbm]l-bmѴ‹om"
1olr;|;m1‹Ѵ;ˆ;Ѵo=v;mbou|;-l ;ˆ;Ѵorl;m|uo]u-ll;v1om7†1|;7 1u;7b|‰;u;-Ѵvo1om7†1|;7=ouu;7b|
l;l0;uvo=0u-m1_;vbm1Ѵ†7bm]u-m1_ bm|;um-ѴѴ‹-m7ˆ-ubo†vo|_;u;Š|;um-Ѵ -m-];uv-m7L1;uvo=|_;†vbm;vv
-m-];uvķvvbv|-m|u-m1_-m-];uvķ bmvঞ|†ঞomvĺ "†rrou|;m|u;-m7o|_;u†vbm;vv&mb|v
11o†m|vr;mbm]L1;uvķ-v_L1;uv 1oˆ;ubm]Ɠѵƒ|;-ll;l0;uvĺ
-m7-‰mbm]L1;uvĺ$_;$u-bmbm]$u-1h Executive Talent Development Programme
;mv†u;v|_-||_;u-m1_-m-];l;m| (ETDP) m_-m1bm]lrѴo‹;;uo7†1ঞˆb|‹
$;-lu;1;bˆ;v;Š|;mvbˆ;|u-bmbm]|o;m-0Ѵ;
m;Šbv|;m1;=ou|_;r-v|=o†u‹;-uvķ Structural Changes
|_;l|o;Š1;Ѵbm|_;buu;vr;1ঞˆ;fo0uoѴ;vķ
|_;$ 1u;-|;v-rѴ-oul=ou|;-l vr-u|o=-0uo-7;u;@ou||o;m1o†u-];
bm|†um=-1bѴb|-ঞm]]u;-|;u1-u;;ulo0bѴb|‹
l;l0;uvbm";mbouŠ;1†ঞˆ;|o";mbou 0u-m1_v|-@|o=o1†vom0†vbm;vv]uo‰|_ķ
‰b|_bm|_;-mhĺ&rom1olrѴ;ঞomo=|_;
-m-];u]u-7;v|ov_-ur;m|_;buv|u-|;]b1 =o†um;‰!;]bom-Ѵ-m-];uv‰;u;
ruo]u-ll;ķ;-1_r-uঞ1br-m|u;1;bˆ;v-
bmvb]_|v-m7v|u;m]|_;m|_;buѴ;-7;uv_br -rrobm|;7|ov|u;m]|_;m|_;0u-m1_
;uঞC1-|;o=olr;|;m1;1omCulbm]|_;
vhbѴѴvĺ$;-ll;l0;uv‰_ovb]m†r=ou|_; m;|‰ouhĺ
Ѵ;ˆ;Ѵo=|u-bmbm]ĺ oѴѴo‰bm]b|vѴ-†m1_bm
$ ‰bѴѴ-Ѵvo0;m;C|=uol-r;uvom-Ѵ
-‹ƑƏƐѶķƓƖƏ‰;u;omŊ0o-u7;7|o|_;
-u;;u ;ˆ;Ѵorl;m|Ѵ-mķ‰_b1_ruoˆb7;v
$u-bmbm]$u-1hķo=‰_olƔѶ_-ˆ;-Ѵu;-7‹
0uo-71-u;;u]o-Ѵvoˆ;u-|_u;;Ŋ‹;-uঞl;
0;;m1;uঞC;7bm|_;buu;vr;1ঞˆ;-u;-vĺ
=u-l;ĺ

SAMPATH SIMPLIFIED 65
HUMAN CAPITAL

†m7;u|_;r†uˆb;‰o=|_;! ;r-u|l;m|ķ mo=oul-Ѵ-]u;;l;m|;Šbv|v0;|‰;;m

"The Bank extends its ‰b|_v;ˆ;u-Ѵv|-@u;-vvb]ml;m|vl-7;|o |_;|‰or-uঞ;vķ|_;-mh1omঞm†;v|o
v|u;m]|_;m1-r-1b|‹ĺv;r-u-|;|;-l‰-v l-bm|-bmv|uom]u;Ѵ-ঞomv‰b|_|_;"ĺ
hands to differently-
-rrobm|;7|o_-m7Ѵ;1†v|ol;ubmt†bub;v
abled team members, u;1;bˆ;7|_uo†]_vo1b-Ѵl;7b--m7o|_;u Health and Wellbeing

providing them vo†u1;vĺm;‰|;-l‰-v-Ѵvo1-uˆ;7o†| !;]†Ѵ-uruo]u-ll;v-v‰;ѴѴ-vvr;1b-Ѵ

†m7;u|_;-m7|-vh;7‰b|_o†|0o†m7 -1ঞˆbঞ;v|o†rѴb[|_;_;-Ѵ|_-m7‰;ѴѴŊ
equal opportunity or;u-ঞomvķ-v|u-|;]‹|_-|7;Ѵbˆ;u;7|_; 0;bm]o=$;-l"-lr-|_1omঞm†;7
to collaborate with _b]_;v|1uovvv;ѴѴbm]u;v†Ѵ|v-1uovv-ѴѴ |_uo†]_o†|ƑƏƐѶķlov|mo|-0Ѵ‹|_;
†mb|v‰b|_bm|_;-mhĺ ;-Ѵ|_-m7+o†;Ŋl-]-Œbm;om_;-Ѵ|_
the rest of the team u;Ѵ-|;7|orb1vķ;Ŋ1oll†mb1-ঞomvom
members." Creating a Sales Focused Team _;-Ѵ|_-m7‰;ѴѴ0;bm]-m7|_;ŝ;Ѵrbm]
vr;1b-ѴѴ‹7;vb]m;7|u-bmbm]ruo]u-ll; -m7vŝ1o†mv;ѴѴbm]1;ѴѴķ‰_b1_ruoˆb7;v
omŝu;-ঞm]-";ѴѴbm]†Ѵ|†u;ŝ‰-v rv‹1_oѴo]b1-Ѵv†rrou|=our;uvom-Ѵķ
Ѵ-†m1_;7bm|_;‹;-uƑƏƐѶĺ$_; =-lbѴ‹-m7‰ouhu;Ѵ-|;7bvv†;vĺvr;1b-Ѵ
Digitalisation of Business Processes
ruo]u-ll;‰-v-bl;7-|u;bm=ou1bm]|_; +o]--m7Cuv|Ŋ-b7ruo]u-ll;v‰;u;-Ѵvo
b]b|-Ѵbv-ঞom_-v;m-0Ѵ;7|_;-mh|o 1†v|ol;uŊ1;m|ub1lbm7v;|-lom]=uom| 1om7†1|;7ĺ
lbmblbv;u;r;ঞঞˆ;|-vhv1-uub;7o†|0‹ ;m7v|-@ķ‰_b1_‰o†Ѵ7†Ѵঞl-|;Ѵ‹_;Ѵr
o†u|;-ll;l0;uvķ1u;-ঞm]orrou|†mbঞ;v l;;||_;-mhĽv1†v|ol;uv-ঞv=-1ঞom lruoˆ;l;m|v‰;u;l-7;|o|_;
=ou|_;l|o0;7;rѴo‹;7=oulou; ]o-Ѵv=ou|_;‹;-uĺ ŝ‹ o1ŝrѴ-oul|o;mv†u;|;-l
ˆ-Ѵ†;-77bm]=†m1ঞomvĺ$_;u;‰;u;ƑƐ l;l0;uvu;1;bˆ;‰;;hѴ‹1omv†Ѵ|-ঞom
ruo1;vv;v1omvb7;u;7=ou7b]b|-Ѵbv-ঞom mr-u-ѴѴ;Ѵķ-m;‰bmbঞ-ঞˆ;ঞ|Ѵ;7ŝ;-7|o v1_;7†Ѵ;vo=molbm-|;7;m;u-Ѵ
7†ubm]ƑƏƐѶĺ ";uˆ;=ouvvbv|-m|u-m1_-m-];uvŝ‰-v _‹vb1b-mvķ;m-0Ѵbm]|_;l|ou;v;uˆ;
-ѴvouoѴѴ;7o†|ĺ omѴbm;1omv†Ѵ|-ঞom-rrobm|l;m|v-_;-7
Multi-Skilling Programme to Drive a Higher
o=ঞl;†vbm]ŝ‹ o1ŝĺ
Branch Bench Strength (BBS) Score
o|_|_;-0oˆ;bmbঞ-ঞˆ;v1omvbv|;7o=
$_bv0uo-7Ŋ0-v;7l†ѴঞŊvhbѴѴbm] ;b]_||u-bmbm]ruo]u-ll;v-m71oˆ;u;7- ;-m‰_bѴ;‰b|_|_;ˆb;‰|o;m1o†u-];
ruo]u-ll;‰-vuoѴѴ;7o†|bmou7;u|o |o|-Ѵo=ƒƕƖ|;-ll;l0;uvĺ ;lrѴo‹;;v|o7;ˆ;Ѵor|_;_-0b|o=
blruoˆ;|_;1uovvŊ=†m1ঞom-Ѵ1-r-1b|‹o= ;Š;u1bvbm]ķ|‰oˆbu|†-Ѵ‰-Ѵh1_-ѴѴ;m];v
0u-m1_v|-@ĺomv;t†;m|Ѵ‹|_;u-m1_ m-77bঞom|o|_;-0oˆ;ķ-mo|_;uƐѵƓ ‰;u;1om7†1|;77†ubm]|_;‹;-uķom;-v
;m1_"|u;m]|_Ő"őv1ou;loˆ;7=uol |;-ll;l0;uv‰;u;1oˆ;u;7om|_;-u;-v -mbm7bˆb7†-Ѵ1_-ѴѴ;m];-m7|_;o|_;u-v-
ƑĺƔѶbmƑƏƐƕ|oƑĺѵƒbmƑƏƐѶĺ o=1†v|ol;uv;uˆb1;-m7v;ѴѴbm]vhbѴѴv |;-l;@ou|ĺ
|_uo†]_7b@;u;m||u-bmbm]bm|;uˆ;mঞomvĺ
Helping Education
†u|_;ulou;ķ|_;=oѴѴo‰bm]vr;1b-Ѵ
$_;-mhvromvouv=ou-v|;uv ;]u;;v †bѴ7bm]lrѴo‹;;!;Ѵ-ঞomv-m7 bmbঞ-ঞˆ;v‰;u;bm|uo7†1;77†ubm]|_;
-m7o|_;uruo=;vvbom-Ѵt†-ѴbC1-ঞomv uoloঞm]lrѴo‹;;m]-];l;m|
‹;-u=ou|_;0;m;C|o=-ѴѴl;l0;uvo=
-11;r|;70‹|_;-mhĺ$_bv-Ѵvobm1Ѵ†7;v HR Business Partner Team Sampath:
ruoˆb7bm]=†ѴѴvromvouv_brv=ou|_; $_;!†vbm;vv-u|m;uuo]u-ll;
uo=;vvbom-Ѵ-mhbm]Š-lv1om7†1|;70‹ 1omঞm†;7|o]-|_;ulol;m|†lbmƑƏƐѶĺ
bmvঞ|†|;vu;1oll;m7;70‹|_;-mhĺm Never Give Up; Internal Cancer Fund Raising
&m7;ur_-v;om;o=|_;bmbঞ-ঞˆ;ķoˆ;u
Project
-77bঞom|o|_;!vƕƏĺƓmbmˆ;v|l;m|om ѵƏѷo=|_;0u-m1_m;|‰ouh‰-v1oˆ;u;7ĺ
$_;"-lr-|_-mh"|-@);Ѵ=-u;"o1b;|‹
|u-bmbm]ķ|_;-mh_-vbmˆ;v|;7-|o|-Ѵo= $_;o0f;1ঞˆ;o=|_;ruo]u-ll;bv|o |o];|_;u‰b|_|_;"-lr-|_-mh
!vƐѶĺѵm=ou|_bvr†urov;ĺ v|u;m]|_;m|‰oŊ‰-‹1oll†mb1-ঞom lrѴo‹;;vŝvvo1b-ঞom1om7†1|;7-fobm|
-m7o@;u!v†rrou||o-vvbv|!;]bom-Ѵ =†m7u-bvbm]ruof;1||ou-bv;=†m7v=ou
"|u;m]|_;mbm]†v|ol;uub;m|-ঞom
-m-];l;m||o‰-u7v-1_b;ˆbm]0†vbm;vv 1-m1;u|u;-|l;m|vo=|;-ll;l0;uvĺ$_bv
Expanding the Scope of the Customer Care
|-u];|v0‹;@;1ঞˆ;blrѴ;l;m|-ঞomo=!
Centre (CCC)
roѴb1b;v-m7ruo1;7†u;vbm|_;0u-m1_;v
Ŏ ubঞ1-ѴbѴѴm;vv=†m7|o|_;ˆ-Ѵ†;o=
oѴѴo‰bm]|_;v|u-|;]b1|u-mv=oul-ঞom †m7;u|_;bur†uˆb;‰ĺ
!vƑƔm
o=|_;-ѴѴ;m|u;or;u-ঞombm|o|_;
†v|ol;u-u;;m|u;bmƑƏƐƕķ;@ou|v Sampath Bank Employees' Association (SBEA) Ŏ -m1;u=†m7|o|_;ˆ-Ѵ†;o=
=ouƑƏƐѶ=o1†v;7omv|u;-lѴbmbm]|_; $_;"ķ‰_b1_1olrubv;voˆ;uƖѶѷ !vƑƔm
Ľv-1ঞˆbঞ;vĺ$_;‰-v0uo†]_| o=$;-l"-lr-|_ķbv-h;‹rbѴѴ-uo=o†u Ŏ mm†-Ѵ_;-Ѵ|_v1u;;mbm]v=ou
;lrѴo‹;;u;Ѵ-ঞomv=u-l;‰ouhĺѴ|_o†]_ ;lrѴo‹;;v

66 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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"Vision 2020 briefing

was a specially designed
event to share the
Bank’s strategic vision
with Team Sampath
which also included
the 'Sampath STARS
Achievers Awards -
"-lr-|_1_b;ˆ;uv‰-u7vƏƍƎѴ-|(bvbomƏƍƏƍub;Cm] 2018.' "
bmbঞ-ঞˆ;bvbm7;r;m7;m|o=|_;!vƑƔm Tea with MD Sports and Recreation
-m1;u †m7;v|-0Ѵbv_;70‹|_;-mhĺ mo|_;um;‰bmbঞ-ঞˆ;|oruoˆb7; -ঞom-ѴѴ;ˆ;Ѵvrou|vl;m-m7‰ol;mo=
$_;ruof;1|‰-vhb1h;7o@‰b|_-ŝ-m1;u 0u-m1_;v-m77;r-u|l;m|v|_; $;-l"-lr-|__-ˆ;0;;mruoˆb7;7|_;
‰-u;m;vv)-Ѵhŝķ=oѴѴo‰;70‹-1-umbˆ-Ѵ orrou|†mb|‹|ol;;||_;-m-]bm] orrou|†mb|‹|o_-ˆ;-0-Ѵ-m1;71-u;;ubm
omƑƓ|_oˆ;l0;uƑƏƐѶ_;Ѵ7-||_; bu;1|ou|o7bv1†vv0†vbm;vvl-‚;uvĺ$_; 0o|_vrou|v-m70-mhbm]ĺ
$_†uv|-moѴѴ;];uo†m7vbmoѴol0oĺ Cuv|v†1_v;vvbom‰-v_;Ѵ7‰b|_|_;;]-Ѵ
;r-u|l;m|ķ=oѴѴo‰;70‹|_;!;1oˆ;ub;v †u|_;uķ|_;-mh;Š|;m7vb|v_-m7v|o
$_;;ˆ;m|‰-v]u-1;70‹"-lr-|_ ;r-u|l;m|-m7†vbm;vv"†rrou| 7b@;u;m|Ѵ‹Ŋ-0Ѵ;7|;-ll;l0;uvruoˆb7bm]
-mh_-bul-mķu_-mm--Ѵ-mv†ub‹- ;m|u;ĺ |_;l;t†-Ѵorrou|†mb|‹|o1oѴѴ-0ou-|;
-m7-m-]bm] bu;1|ouķu-m7- ‰b|_|_;u;v|o=|_;|;-ll;l0;uv-m7
;um-m7o-Ѵom]‰b|_|_;ourou-|;-m7 Yammer om;o=|_;lu;ru;v;m|;7|_;"ub-mh-
";mbou-m-];l;m|ķ‰b|_oˆ;uƒķƏƏƏ ;-=ub1h;|$;-l-m7;l;u];7-v
$_bvbv-7;7b1-|;7vo1b-Ѵl;7b-rѴ-oul
r-uঞ1br-m|vĺ 1_-lrbomv-||_;bm-†]†u-Ѵ ;-=$ƑƏ
=ou;lrѴo‹;;v|_uo†]_‰_b1_|_;‹1-m
1omm;1|‰b|_|_;1oѴѴ;-]†;v-m7v_-u; )ouѴ7†rƑƏƐѶĺ
Vision 2020 Briefing
b7;-vķr;uvom-Ѵv†11;vvv|oub;vķ;|1ĺ
=ou†l1_-bu;70‹-m-]bm] bu;1|ouķ +-ll;u=†u|_;uv;uˆ;v-v-rѴ-oul|o $_;-mh_-v-uo0†v|-1ঞˆb|‹1-Ѵ;m7-u
u-m7- ;um-m7oķ|_;(bvbomƑƏƑƏ _ov|roѴb1b;v-m7ruo1;7†u;vu;Ѵ-ঞm]|o -ˆ-bѴ-0Ѵ;=ou;lrѴo‹;;vĺ$_;_b]_Ѵb]_|
0ub;Cm]ķ‰-v-vr;1b-ѴѴ‹7;vb]m;7;ˆ;m| or;u-ঞomv-m7o|_;u-u;-vĺlrѴo‹;;v =ou|_;‹;-u‰-v|_;m|;u!;]bomņ
|ov_-u;|_;-mhĽvv|u-|;]b1ˆbvbom 1-m-Ѵvo†v;+-ll;u-v-1_-mm;Ѵ|ov;;h ;r-u|l;m|"bŠŊŊ"b7;ub1h;|
‰b|_$;-l"-lr-|_ĺ$_;bm-†]†u-Ѵ -vvbv|-m1;=ou0†vbm;vvu;Ѵ-|;7l-‚;uv $o†um-l;m|ƑƏƐѶ_;Ѵ7omѶ|_";r|;l0;u
;ˆ;m|=ouŠ;1†ঞˆ;-m7_b]_;u]u-7;v |_-||_;‹l-‹=-1;-|‰ouh-m7u;1;bˆ; ƑƏƐѶ-||_;$_†uv|-moѴѴ;];uo†m7v
‰-v_;Ѵ7omƐƖ|_-‹ƑƏƐѶ-|bѴ|om ruolr|voѴ†ঞomv-m7=;;70-1h=uol -lb7v|-Ѵ-u];]-|_;ubm]o="-lr-|_$;-l
oѴol0o‰b|_-r-uঞ1br-ঞomo=oˆ;u u;vr;1ঞˆ;0†vbm;vv†mb|vĺ ;l0;uvĺ|o|-Ѵo=ƒƓ1ub1h;||;-lvķ
ƐķƏƏƏ|;-ll;l0;uvĺ$_;1;u;lomb-Ѵ bm1Ѵ†7bm]Ѵ-7b;v|;-lvr-uঞ1br-|;7bm|_;
;ˆ;m|-Ѵvobm1Ѵ†7;7|_;ŝ"-lr-|_ 'Sampath Smile' Campaign ;ˆ;m|ķ7bvrѴ-‹bm]vrou|vl-mv_br-m7|;-l
"$!"1_b;ˆ;uv‰-u7vŊƑƏƐѶŝķ‰_b1_ †mb|‹ĺ
mbm|;um-Ѵ1oll†mb1-ঞom1-lr-b]m
u;1o]mbv;7o†|v|-m7bm]r;u=oul-m1;-|
‰-v7;ˆ;Ѵor;7bmѴbm;‰b|_|_;-m-]bm]
0u-m1_ķ7;r-u|l;m|-m7bm7bˆb7†-ѴѴ;ˆ;Ѵ $_;-mhŝvƑѶ|_m|;uu-m1_ņ ;r-u|l;m|
bu;1|ouĽvˆbvbom|o;m1o†u-];;lrѴo‹;;v
7†ubm]|_;‹;-uƑƏƐƕĺ||_;;ˆ;m|ķ- †bŒolr;ঞঞom‰-v_;Ѵ7omѶ|_rubѴ
|o;l0u-1;-‰-ul-m7=ub;m7Ѵ‹
=†u|_;uƓƒ|;-ll;l0;uvo=|_;-mh ƑƏƐѶ‰b|_|_;r-uঞ1br-ঞomo=ƐƔƖ|;-lv
7;l;-mo†u-v-r-u|o=|_;bub7;mঞ|‹ĺ
‰;u;=;Ѵb1b|-|;7‰b|_-l;l;m|o-m7 ‰_b1_bm1Ѵ†7;7oˆ;uѶƏƏ|;-ll;l0;uvĺ
$_;1-lr-b]m‰-vblrѴ;l;m|;7ˆbvŊ-Ŋˆbv
-1oll;lou-ঞˆ;]oѴ7voˆ;u;b]mbm
|_;ŝ"-lr-|_"lbѴ;";ѴC;ŝ1olr;ঞঞom
u;1o]mbঞomo=|_;buƑƔ‹;-uvĽo=v;uˆb1;ĺ m-77bঞomķ|_;-mhou]-mbv;v;ˆ;m|v|o
;m1o†u-]bm]-ѴѴv|-@|o†v;+-ll;u
ruoˆb7;l;l0;uvo=$;-l"-lr-|_|_;
|ov_-u;ľ|;-lv;ѴC;vĿ‰b|_‰_-||_;‹
$_;v;1om7;ˆ;m|‰-v_;Ѵ7omƑƕ|_ orrou|†mb|‹|or†uv†;|_;bubm|;u;v|-m7
0;Ѵb;ˆ;u;ru;v;m|v|_;ŝ"-lr-|_"lbѴ;ŝĺ
1|o0;uƑƏƐѶ-|"ub-mh-Š_b0bঞom-m7 v_o‰1-v;|_;bu|-Ѵ;m|vĺ
$_;0;v|ŝ"-lr-|_"lbѴ;vŝ‰;u;v;Ѵ;1|;7
omˆ;mঞom;m|u;‰b|_|_;ru;v;m1;o=
0-v;7om|_;_b]_;v|m†l0;uo=ľѴbh;vĿ
|_;_-bul-mķ-m-]bm] bu;1|ou-m7
u;1;bˆ;7=ou|_;|;-lv;ѴC;vrov|;7ĺ
|_;ourou-|;-m-];l;m|ĺˆ;uƑķѶƏƏ
11ou7bm]Ѵ‹ķCuv|ķv;1om7-m7|_;|_bu7
l;l0;uvo=$;-l"-lr-|_‰;u;ru;v;m|
rѴ-1;v‰;u;u;1o]mbv;7-m7u;‰-u7;7ĺ
-||_bv-‰;Ŋbmvrbubm];ˆ;mbm]ĺ

SAMPATH SIMPLIFIED 67
HUMAN CAPITAL

"-lr-|_$-Ѵ;m|vѴo‰bm]bm|_;;u1-mঞѴ;u;m-

Sport 1_b;ˆ;l;m|

|_Ѵ;ঞ1v Ŏl;u];7-voˆ;u-ѴѴƒu7-||_;ƒƔ|_;u1-mঞѴ;|_Ѵ;ঞ1_-lrbomv_brƑƏƐѶĺ"-lr-|_-mh|_Ѵ;ঞ1$;-l‰omƐƖ
oѴ7;7-ѴvķƑƏ"bѴˆ;u;7-ѴvķƑѶuomŒ;;7-Ѵv

Ŏ "-lr-|_-mh|_Ѵ;|;v‰_ou;ru;v;m|;7;u1-mঞѴ;|_Ѵ;ঞ1$;-l‰omƒƓl;7-Ѵv-||_;ƒѶ|_-ঞom-Ѵ-v|;uv
|_Ѵ;ঞ1_-lrbomv_brƑƏƐѶŋm7b-
oo|0-ѴѴ Ŏ l;u];7-vŝ!†mm;uŊ†rŝ-||_;;u1-mঞѴ;mo1hŊ†| oo|0-ѴѴ$o†um-l;m|ƑƏƐѶŐ bˆbvbomőķou]-mbv;70‹$_;
;u1-mঞѴ; oo|0-ѴѴvvo1b-ঞomŐ ő
-vh;|0-ѴѴ Ŏ l;u];7-vŝƐv|!†mm;uŊ†rŝ-||_;ƑѶ|_;u1-mঞѴ;;-]†;-vh;|0-ѴѴ_-lrbomv_brƑƏƐѶŐ bˆbvbomő
;|0-ѴѴ Ŏ l;u];7-vŝ_-lrbomvŝ-||_;;u1-mঞѴ;;-]†;;|0-ѴѴ$o†um-l;m|ƑƏƐѶŐ bˆbvbomő

Ŏ l;u];7-vŝ_-lrbomvŝŐ bˆbvbomő-m7ŝƑm7!†mm;u&rŝŐbŠ;7 bˆbvbomő-||_;;u1-mঞѴ;mo1ho†|;|0-ѴѴ

$o†um-l;m|ƑƏƐѶ
-7lbm|om Ŏ l;u];7-vŝƒu7Ѵ-1;ŝ-||_;ƒƔ|_m|;uŊ bul$;-l-7lbm|om_-lrbomv_brƑƏƐѶŐ bˆbvbomő

Ŏ l;u];7-vŝƑm7!†mm;uŊ†rŝ-||_;Ѷ|_m|;uŊ bul o†0Ѵ;v$;-l_-lrbomv_brƑƏƐѶŐѴ-|;-|;]ou‹ő

"‰bllbm] Ŏ )omƓl;7-Ѵvbmoˆb1;vŐ;mĽv-|;]ou‹ő-||_;;u1-mঞѴ;"‰bllbm]_-lrbomv_brƑƏƐѶ
o1h;‹ Ŏ l;u];7-vŝ_-lrbomvŝ-||_;ƓƑm7mm†-Ѵ";ˆ;mŊŊ"b7;o1h;‹$o†um-l;m|ƑƏƐѶŐ bˆbvbomő

$_;_-h|_b;;|_-!;1b|-Ѵbvom;v†1_ Other Benefits Provided by the Bank $;-ll;l0;uv-u;-Ѵvo1oˆ;u;7†m7;u

;ˆ;m|ou]-mbv;70‹|_;"-lr-|_-mh lom]l-m‹o|_;u=-1bѴbঞ;vruoˆb7;7 -;mvbom"1_;l;-m7|_ov;‰_o-u;
†77_bv|vvo1b-ঞom;ˆ;u‹‹;-uĺŝ"-lr-|_ 0‹|_;-mhķ_o†vbm]-m7ˆ;_b1Ѵ;Ѵo-m mo|1omvb7;u;7†m7;u|_bvv1_;l;-u;
-|_b;;"-u-mb‹-ŊƑƏƐѶŝ‰-v_;Ѵ7-| =-1bѴbঞ;v-u;ruoˆb7;7|o|;-ll;l0;uv 1oˆ;u;7†m7;u-;mvbommv†u-m1;
!-m]bub -l0†Ѵ†&‹-m‰-‚;!-f-l-_- om1om1;vvbom-u‹u-|;vĺ †u|_;u "1_;l;‰_;u;|_;-mhruoˆb7;v-
(b_-u-‹-‰b|_-Ѵbˆ;|;Ѵ;1-v||_uo†]_ l;u];m1‹ķ;7b1-Ѵ-m77†1-ঞom-Ѵ rouঞomo=|_;ru;lb†lĺ
l;7b-ĺ Ѵo-mv-u;-Ѵvoruoˆb7;7|o|;-ll;l0;uvĺ
m-77bঞom|o|_;-0oˆ;ķ|;-ll;l0;uv Ɛƒѷv-Ѵ-u‹bm1u;-v;‰-v]u-m|;70‹|_;
$_;oѴo†uvb]_|-m7"-lr-|_b]_| -u;ruo|;1|;7†m7;uƑƓŠƒѵƔr;uvom-Ѵ -mh=ou;lrѴo‹;;vbm|_;‹;-uƑƏƐѶĺ
‰;u;_;Ѵ7omƑƏ|_rubѴƑƏƐѶ-m7Ɛv| -11b7;m|-Ѵ1oˆ;uĺ
;1;l0;uƑƏƐѶu;vr;1ঞˆ;Ѵ‹ĺ $_;-mhruoˆb7;v-vr;1b-Ѵ7;-|_
]u-|†b|‹bm|_;;ˆ;m|o=-7;-|_o=-|;-l
;m;C|v"_-u;7lom]|_;mঞu;$;-l l;l0;uĺ
Performance Based Bonus Scheme (PBBS) "|-ঞvঞ1v
$_bv|;-l0-v;70om†vv1_;l; Profit per Employee Retention Ratio
u;1o]mbv;v|_;;@ou|vo=$;-l"-lr-|_
0-v;7om-vvb]m;7|;-l|-u];|vķ
;m_-m1bm]|_;r;u=oul-m1;0-v;7‰ouh Rs 1.5 Mn 97.0%
1†Ѵ|†u;ĺmƑƏƐѶķ|_;l-Šbl†l0om†v
-lo†m|‰-v]u-m|;7|oѶƏѷo=|;-l ƑƏƐƔ ƑƏƐƔ
l;l0;uvĺ

Medical Facilities for Team Members and Their

Rs 2.3 Mn 96.5%
Families
ƑƏƐѵ ƑƏƐѵ
1olru;_;mvbˆ;;7b1-Ѵ"1_;l;bv
-ˆ-bѴ-0Ѵ;=ouo†|7oou|u;-|l;m|v-m7
_ovrb|-Ѵbv-ঞom=ou|;-ll;l0;uv-m7
|_;bu=-lbѴb;vĺ
Rs 3.0 Mn 97.7%
ƑƏƐƕ ƑƏƐƕ
Work Life Balance
_oѴb7-‹-ѴѴo‰-m1;bv]u-m|;70‹|_;
-mh|o|;-ll;l0;uv|oruolo|;|_;l Rs 2.9 Mn 98.0%
†ঞѴbv;|_;bu-mm†-ѴѴ;-ˆ;;mঞ|Ѵ;l;m||o
;mv†u;‰ouhѴb=;0-Ѵ-m1;ĺ ƑƏƐѶ ƑƏƐѶ

68 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Key Highlights

Ŏ ƐĹƐ-1h†r!-ঞo=ou;‹-m-];ub-Ѵ Ŏ !;|;mঞomu-ঞo-|ƖѶĺƏѷĺ Ŏ ˆ;uƔƏѷo=|u-bmbm]|_uo†]_

ovbঞomvĺ 7bv|-m1;Ѵ;-umbm]-m7;ŊѴ;-umbm]
Ŏ ˆ;u-];ruoC|r;u;lrѴo‹;;Ĺ
;m_-m1bm]|_;Ѵ;-umbm];Šr;ub;m1;
Ŏ ƑƑѶbm|;um-Ѵruoloঞomv|o|;-l !vƑĺƖmĺ
-m7l-Šblbvbm]1†v|ol;u
l;l0;uv7†ubm]|_;‹;-uƑƏƐѶĺ
Ŏ ,;uobm7†v|ub-Ѵ7bvr†|;vĺ 1omˆ;mb;m1;ĺ
Ŏ @;1ঞˆ;v†11;vvbomrѴ-mmbm]‰b|_
Ŏ $o|-Ѵ|u-bmbm]_o†uvĹƐƒƐķƕѶѶ
oˆ;uƖƔѷo=ˆ-1-m1b;vbmv;mbou
]u-7;vCѴѴ;7bm|;um-ѴѴ‹ĺ Ŏ mˆ;v|l;m|om|u-bmbm]Ĺ!vƕƏĺƓmĺ

Human Capital GRIƓƏƐŊƐ GRIƓƏƐŊƐ

New Recruits 2018 Turnover 2018
New Recruits - Age Group and Gender Turnover - Age and Gender
];uo†r -Ѵ; ;l-Ѵ; u-m7 ];uo†r -Ѵ; ;l-Ѵ; u-m7
$o|-Ѵ $o|-Ѵ

ƐѶŊƑƏ ƑƔ 7 32 0oˆ;ƔƔ Ŋ Ŋ Ŋ
ƑƐŊƒƏ ƐѵƏ 117 277 ƔƐŊƔƔ 2 7 Ɩ
ƒƐŊƓƏ 8 2 10 ƓƐŊƔƏ Ɠ 8 12
ƓƐŊƔƏ 1 1 2 ƒƐŊƓƏ ƐƖ ƑƔ ƓƓ
0oˆ;ƔƏ 1 Ŋ 1 ƑƐŊƒƏ ƓƔ 30 ƕƔ

u-m7$o|-Ѵ ƐƖƔ 127 322 ƐѶŊƑƏ Ɠ Ŋ Ɠ

;u1;m|-];Œѷœ ѵƏĺѵ ƒƖĺƓ 100 u-m7$o|-Ѵ ƕƓ 70 ƐƓƓ

;u1;m|-];Œѷœ ƔƐĺƓ ƓѶĺѵ 100

New Recruits - Region and Gender Turnover - Region and Gender

uoˆbm1; -Ѵ; ;l-Ѵ; u-m7 uoˆbm1; -Ѵ; ;l-Ѵ; u-m7

$o|-Ѵ $o|-Ѵ

;m|u-Ѵuoˆbm1; 2 2 Ɠ ;m|u-Ѵuoˆbm1; ѵ Ɠ 10
-v|;umuoˆbm1; 12 2 ƐƓ -v|;umuoˆbm1; ѵ Ŋ ѵ
ou|_;m|u-Ѵuoˆbm1; 7 1 8 ou|_;m|u-Ѵuoˆbm1; 1 Ŋ 1
ou|_);v|;umuoˆbm1; Ɣ ѵ 11 ou|_);v|;umuoˆbm1; 3 3 ѵ
ou|_;umuoˆbm1; ѵ 1 7 ou|_;umuoˆbm1; Ɠ 1 Ɣ
"-0-u-]-l†‰-uoˆbm1; ѵ 2 8 "-0-u-]-l†‰-uoˆbm1; 3 Ŋ 3
"o†|_;umuoˆbm1; 7 Ɠ 11 "o†|_;umuoˆbm1; Ɠ Ɣ Ɩ
&ˆ-uoˆbm1; Ŋ Ɠ Ɠ &ˆ-uoˆbm1; 3 Ŋ 3
);v|;umuoˆbm1; ƐƔƏ ƐƏƔ ƑƔƔ );v|;umuoˆbm1; ƓƓ Ɣƕ 101
u-m7$o|-Ѵ ƐƖƔ 127 322 u-m7$o|-Ѵ ƕƓ 70 ƐƓƓ
;u1;m|-];Œѷœ ѵƏĺѵ ƒƖĺƓ 100 ;u1;m|-];Œѷœ ƔƐĺƓ ƓѶĺѵ 100

SAMPATH SIMPLIFIED 69
HUMAN CAPITAL

Reasons for Turnover vs Gender Employee Relations 2018 GRIƓƏƐŊƒ

Return to Work and Retention Rates after Parental
!;-vom=ou$†umoˆ;u -Ѵ; ;l-Ѵ; u-m7
(Maternity) Leave
$o|-Ѵ

$oobmo|_;uolr;ঞ|ou ;v1ubrঞom ƑƏƐѶ ƑƏƐƕ

u]-mbv-ঞomv Ɩ Ɣ ƐƓ lrѴo‹;;vmঞ|Ѵ;7|o-|;umb|‹
$oobmo|_;uu]-mbv-ঞomv 11 8 ƐƖ ;-ˆ; ƐķƓƔƖ ƐķƓƏƐ
b]u-ঞomv 23 Ɛѵ ƒƖ lrѴo‹;;v0|-bm;7-|;umb|‹;-ˆ; ƐƐƖ 112
b]_;u"|†7b;v 10 3 13 lrѴo‹;;v!;|†um;7|o)ouh-[;u
;uvom-Ѵ!;-vomv 12 ƑƔ 37 -|;umb|‹;-ˆ; 118 110

!;ঞu;l;m|v 3 Ɩ 12 lrѴo‹;;v"ঞѴѴlrѴo‹;7ƐƑom|_v

-[;u$-hbm]-|;umb|‹;-ˆ; 117 108
|_;u ѵ Ɠ 10
!;|†um|o)ouh!-|;Œѷœ ƖƖĺƑ ƖѶĺƑ
u-m7$o|-Ѵ ƕƓ 70 ƐƓƓ
!;|;mঞom!-ঞoŒѷœ ƖѶĺƒ ƖѵĺƓ
;u1;m|-];Œѷœ ƔƐĺƓ ƓѶĺѵ 100
ov|7-‹v-m7-0v;m|;;bvl7†;|o_;-Ѵ|_-m7v-=;|‹bvv†;vŊ
om;

Competency Area Wise Summary 2018

oĺ olr;|;m1‹u;- †l0;uo= $u-bmbm]

-uঞ1br-m|v o†uv

ŒƐœ r;u-ঞomvŐ-v_ņ11o†m|vr;mbm]ņ-‰mbm]ņ_;t†;vņѴ;-ubm]ņu;7b|-u7vő ѵƒƒ ƔķƕƐƒĺƔ

ŒƑœ u;7b|-m7!;1oˆ;ub;vŐu;7b|ņ!;1oˆ;u‹ņ"ņb1uo bm-m1;ő ѶƓƐ ƐƑķѵѵƑĺƑ
Œƒœ m|;um-ঞom-Ѵr;u-ঞomvŐ$u-7;ņ ou;b]m†uu;m1‹r;u-ঞomvő 321 ƐķƔƖƐĺƏ
ŒƓœ !bvh-m7olrѴb-m1;Őő ƔѵƐ ƓķƑƓƒĺƔ
ŒƔœ bm-m1;-m711o†mঞm] ƐѵѶ ƐķƓƑƔĺƔ
Œѵœ -uh;ঞm]Őuo7†1|vņu-m7bm]ő 8 ƐƐƑĺƏ
Œƕœ †l-m!;vo†u1;-m-];l;m|Ő!u;Ѵ-|;7ő ƑƔ ƑƓѵĺƏ
ŒѶœ ;]-Ѵ-m7oo7oˆ;um-m1; ƓѶ ƔƓƔĺƏ
ŒƖœ |_;u$;1_mb1-Ѵuo]u-ll;vŐ$u;-v†u‹;|1ĺő ƐѶѵ ƐķѵѵѵĺƔ
ŒƐƏœ ub;m|-ঞomuo]u-ll;v ƐķƐѵƏ ƐƖķƕƓѶĺƏ
ŒƐƐœ †v|ol;u";uˆb1;Š1;ѴѴ;m1;-m7";ѴѴbm]"hbѴѴv ƔƓƒ ƒķѵƓƕĺƏ
ŒƐƑœ ;-7;uv_br-m7-m-];l;m|Őolr;|;m1‹ ;ˆ;Ѵorl;m|uo]u-ll;vņ"|u-|;]b1-m-];l;m|ņ
_-m];-m-];l;m|ő ƒƑƔ ƓķƐѵƒĺƏ
ŒƐƒœ $"hbѴѴv ƔƏƒ ƓķƏƐѶĺƏ
ŒƐƓœ oll†mb1-ঞom"hbѴѴv ƒƔƓ ƑķƖƑƐĺƏ
ŒƐƔœ ;-Ѵ|_-m7"-=;|‹ ƐƓƒ ƐķƏѶƖĺƔ
ŒƐѵœ |_;uomŊ$;1_mb1-Ѵ"hbѴѴv 127 ƐķƏƐѶĺƔ
ŒƐƕœ ŊѴ;-umbm]-m7|_;umѴbm;;-umbm] ƐƏƑķƑƒѶ ѵѵķƖƕƕĺѶ
u-m7$o|-Ѵ ƐƏѶķƐѶƓ ƐƒƐķƕѶѶĺƏ

70 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Average Training Hours per Year, per Employee by Gender and Employee Category GRIƓƏƓŊƑķƒ

oĺ olr;|;m1‹u;- -uঞ1br-m|v $u-bmbm]o†uv lrѴo‹;;-|;]ou‹Ő-uঞ1br-m|vő

ourou-|;-m-];l;m|

Š;1†ঞˆ;-m-];l;m|

b77Ѵ;-m-];l;m|
";mbou-m-];l;m|

†mbou-m-];l;m|

r;u-ঞom-Ѵ"|-@

|_;uu-7;v

u-m7$o|-Ѵ
;l-Ѵ;

;l-Ѵ;
-Ѵ;

-Ѵ;
ŒƐœ r;u-ঞomvŒ-v_ņ11o†m|v
r;mbm]ņ-‰mbm]ņ_;t†;vņ
Ѵ;-ubm]ņu;7b|-u7vœ ƓƔƖ ƐƕƓ ƒķƕƖƏĺƔ ƐķƖƑƒĺƏ 1 7 22 Ɠѵ ƐƓƓ ƒѶƓ ƑƖ ѵƒƒ
ŒƑœ u;7b|-m7!;1oˆ;ub;vŒu;7b|ņ
!;1oˆ;u‹ņ"ņb1uo bm-m1;œ ѵƕƐ 170 ƐƏķƒƑƒĺƔ ƑķƒƒѶĺƕ ƐƔ ƖƓ Ɩѵ 131 123 ƒƕƖ 3 ѶƓƐ
Œƒœ m|;um-ঞom-Ѵr;u-ঞomvŒ$u-7;ņ
ou;b]m†uu;m1‹r;u-ঞomvœ ƑƑƖ ƖƑ ƐķƐѵƔĺƏ ƓƑѵĺƏ 1 1 3 ƑƔ ƕѵ ƑƐƔ Ŋ 321
ŒƓœ !bvh-m7olrѴb-m1;Őő ƒƔƒ 208 ƑķƔƏƖĺƔ ƐķƕƒƓĺƏ 3 22 ѵƕ ƐѵѶ Ɛƒѵ ƐѵƓ 1 ƔѵƐ
ŒƔœ bm-m1;-m711o†mঞm] ƐƏƓ ѵƓ ƖƏƖĺƔ ƔƐѵĺƏ 12 ƑƓ ƒƓ Ɠƒ ƑƖ ƑƔ 1 ƐѵѶ
Œѵœ -uh;ঞm]Œuo7†1|vņu-m7bm]œ ѵ 2 ѶƏĺƏ ƒƑĺƏ Ŋ 1 Ŋ Ɣ 1 1 Ŋ 8
Œƕœ †l-m!;vo†u1;-m-];l;m|
Œ!u;Ѵ-|;7œ Ɛѵ Ɩ ƐƔѶĺƏ ѶѶĺƏ 3 Ɣ Ɣ 8 3 Ŋ 2 ƑƔ
ŒѶœ ;]-Ѵ-m7oo7oˆ;um-m1; Ɛѵ 32 ƐƒƓĺƏ ƓƐƐĺƏ Ŋ 2 10 30 2 Ɠ Ŋ ƓѶ
ŒƖœ |_;u$;1_mb1-Ѵuo]u-ll;v
Œ$u;-v†u‹;|1ĺœ 133 Ɣƒ ƐķƐѵƕĺƏ ƓƖƖĺƔ ѵ 20 32 Ɠƒ ƓƔ 38 2 ƐѶѵ
ŒƐƏœ ub;m|-ঞomuo]u-ll;v ƕƏƖ ƓƔƐ ƐƑķƑѵƓĺƏ ƕķƓѶƓĺƏ Ŋ Ŋ 8 ƓƔ 271 820 Ɛѵ ƐƐѵƏ
ŒƐƐœ †v|ol;u";uˆb1;Š1;ѴѴ;m1;
-m7";ѴѴbm]"hbѴѴv ƒѵƒ 180 ƑķƓƓƕĺƏ ƐķƑƏƏĺƏ Ŋ Ɠ 21 ƐѶƓ 111 222 1 ƔƓƒ
ŒƐƑœ ;-7;uv_br-m7-m-];l;m|
Œolr;|;m1‹ ;ˆ;Ѵorl;m|
uo]u-ll;vņ"|u-|;]b1
-m-];l;m|ņ_-m];
-m-];l;m|œ 220 ƐƏƔ ƑķƕƔƕĺƔ ƐķƓƏƔĺƔ ƒƓ ƔƔ ƕѵ ѵѶ ƔѶ ƒƓ Ŋ ƒƑƔ
ŒƐƒœ $"hbѴѴv ƒƓѵ ƐƔƕ ƒķƏƖѶĺƔ ƖƐƖĺƔ 8 ѵƐ ƖѶ 133 ƖƏ ѶƖ ƑƓ ƔƏƒ
ŒƐƓœ oll†mb1-ঞom"hbѴѴv ƐƕƔ ƐƕƖ ƐķƓѵƒĺƏ ƐķƓƔѶĺƏ Ŋ Ɣ 8 31 31 227 ƔƐ ƒƔƓ
ŒƐƔœ ;-Ѵ|_-m7"-=;|‹ 111 32 ѶƔƖĺƔ ƑƒƏĺƏ 1 Ɣ 11 21 17 ƕƔ 13 ƐƓƒ
ŒƐѵœ |_;uomŊ$;1_mb1-Ѵ"hbѴѴv ƔƖ ѵѶ ѵƔƕĺƏ ƒѵƐĺƔ ƐƖ ƑƖ ƐƖ 8 ѵ 8 38 127
ŒƐƕœ ŊѴ;-umbm]-m7o|_;umѴbm;
;-umbm] ѵѶķƓƖƖ ƒƒķƕƒƖ ƓƔķƔƓƓĺƖ ƑƐķƓƒƑĺƖ Ŋ Ŋ ƐķƏƑƑ ƐƐķƑƓѵ ƑƏķƓƓѶ ѵƖķƔƑƑ Ŋ ƐƏƑķƑƒѶ
u-m7$o|-Ѵ ƕƑķƓѵƖ ƒƔķƕƐƔ ѶƖķƒƑѶĺƓ ƓƑķƓƔƖĺѵ 103 ƒƒƔ ƐķƔƒƑ ƐƑķƑƒƔ ƑƐķƔƖƐ ƕƑķƑƏƕ 181 ƐƏѶķƐѶƓ

ѴѴ;lrѴo‹;;vu;1;bˆ;u;]†Ѵ-u=;;70-1homr;u=oul-m1;-m71-u;;u7;ˆ;Ѵorl;m|-m7|_;buѴ;ˆ;Ѵo=r;u=oul-m1;bv-vv;vv;7om-
u;]†Ѵ-u0-vbvĺ

SAMPATH SIMPLIFIED 71
HUMAN CAPITAL

Average Training Hours GRIƓƏƓŊƐ Average Training Hours per Employee - Category Wise
;v1ubrঞom ƑƏƐѶ ƑƏƐƕ lrѴo‹;;-|;]ou‹ oĺo=o†uv

ˆ;u-];$u-bmbm]o†uvr;ulrѴo‹;; ƒƐĺƔ ƒƖĺƏ ourou-|;-m-];l;m| ƒƖĺƖ

ˆ;u-];$u-bmbm]o†uvr;u-Ѵ; ƒƑĺƕ ƒƖĺƏ ";mbou-m-];l;m| ƒѵĺƔ
ˆ;u-];$u-bmbm]o†uvr;u ;l-Ѵ; ƑƖĺƐ ƒƖĺƏ Š;1†ঞˆ;-m-];l;m| ƐѵĺƐ
b77Ѵ;-m-];l;m| ƐѵĺƐ
†mbou-m-];l;m| ƐƐĺƕ
r;u-ঞom-Ѵ"|-@ ƐƔĺƖ
|_;uu-7;v ѶĺƐ

Sampath Bank Benefit Structure GRIƓƏƐŊƑ

;v1ubrঞom ;ul-m;m|lrѴo‹;;v om|u-1|lrѴo‹;;v b@;u;m|Ѵ‹Ŋ0Ѵ;7

lrѴo‹;;v

uoC|om†v Dž Dž Dž
"-Ѵ-u‹m1u;l;m| Dž mu;m;‰-Ѵo=CŠ;7|;ul Dž
1om|u-1|
ѴѴo‰-m1;vŐ-v-rrѴb1-0Ѵ;ő Dž Dž Dž
!;bl0†uv;l;m|o=o†uv; ;;vņŠ-l ;;v Dž Ŋ Dž
;7b1-Ѵ -1bѴbঞ;v Dž Ŋ Dž
oѴb7-‹†m]-Ѵo‰ -1bѴbঞ;v Dž Dž Dž
"r;1b-ѴomŊ|;1_mb1-Ѵ$u-bmbm] Dž Dž Dž
"r;1b-Ѵuo]u-ll;v=ou_bѴ7u;mo=lrѴo‹;;v Dž Dž Dž

Basic Salary and Remuneration Ratio by Gender and Employee Category GRIƓƏƔŊƑ

lrѴo‹;;-|;]ou‹ -Ѵ; ;l-Ѵ;

ourou-|;-m-];l;m| ƐĺƏƏ ƏĺѶƏ

";mbou-m-];l;m| ƐĺƏƏ ƐĺƏѵ
Š;1†ঞˆ;-m-];l;m| ƐĺƏƏ ƏĺƖƑ
b77Ѵ;-m-];l;m| ƐĺƏƏ ƏĺƖѶ
†mbou-m-];l;m| ƐĺƏƏ ƏĺƖƖ
r;u-ঞom-Ѵ"|-@ ƐĺƏƏ ƏĺƖƓ

$_;-mh_-v]bˆ;m-m;t†-Ѵorrou|†mb|‹=ou-ѴѴ;lrѴo‹;;v-m77o;vmo||oѴ;u-|;-m‹=oulo=†m=-bu7bv1ublbm-ঞomom|_;0-vbvo=
u-1;ķ];m7;uou7bv-0bѴb|‹ĺ$_;u-ঞoo=0-vb1v-Ѵ-u‹-||_;;m|u‹Ѵ;ˆ;Ѵ=oul-Ѵ;-m7=;l-Ѵ;bvƐĹƐĺo‰;ˆ;uķ|_bvu-ঞol-‹1_-m];7†;|o
7b@;u;m|v;uˆb1;r;ubo7o=;lrѴo‹;;vbm|_;-mh-m7-|-r-uঞ1†Ѵ-uv-Ѵ-u‹]u-7;ĺ

72 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Composition of Governance Bodies and Breakdown of Employees per Employee Category According to Gender, Age Group,
Minority Group Membership and other Indicators of Diversity
GRIƓƏƔŊƐ

!-m]; Corporate ";mbou Š;1†ঞˆ; b77Ѵ; †mbou r;u-ঞom-Ѵ |_;u u-m7

-m-];l;m| -m-];l;m| -m-];l;m| -m-];l;m| -m-];l;m| "|-@ $o|-Ѵ
-Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ; -Ѵ; ;l-Ѵ;

ƐѶŊƑƏ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ 23 Ɣ Ŋ 2 30
ƑƐŊƒƏ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ɩ 2 ƐƖ ƐƔ ƐķƑƐƕ ƓƒѶ ƐƓ 37 ƐķƕƔƐ
ƒƐŊƓƏ Ŋ Ŋ Ŋ 2 ƓѶ 3 ƑƓƔ 101 ƓƔƔ ƑƔƔ ƑƔƑ ƑƖƐ Ɛѵ ƑƖ ƐķѵƖƕ
ƓƐŊƔƏ 7 1 ƔƖ 18 ƐƒƔ ƔƏ 108 ѵѵ 18 ƒƓ Ŋ 7 ƐƖ Ɠƕ ƔѵƖ
ƔƐŊƔƔ 11 Ɠ 37 7 18 ƐƔ 10 7 1 1 Ŋ Ŋ 8 22 ƐƓƐ
0oˆ;ƔƔ 1 Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ Ŋ 1
u-m7$o|-Ѵ ƐƖ Ɣ Ɩѵ 27 201 ѵѶ 372 Ɛƕѵ ƓƖƒ ƒƏƔ ƐķƓƖƑ ƕƓƐ Ɣƕ 137 ƓķƐѶƖ
;u1;m|-];Œѷœ ƕƖ 21 78 22 ƕƔ ƑƔ ѵѶ 32 ѵƑ 38 ѵƕ 33 ƑƖ 71 Ŋ

Type of Employment GRIƐƏƑŊѶ

$‹r;o=lrѴo‹l;m| ƑƏƐѶ ƑƏƐƕ

-Ѵ; ;l-Ѵ; u-m7 -Ѵ; ;l-Ѵ; u-m7
$o|-Ѵ $o|-Ѵ

bŠ;7$;ulom|u-1| 27 ƓƏ ѵƕ 11 Ɩ 20

;ul-m;m| ƑķƓƓѵ ƐķƑƕƖ ƒķƕƑƔ ƑķƒѶƒ ƐķƑƕƒ ƒķѵƔѵ
uo0-ঞom;uv 28 31 ƔƖ 20 33 Ɣƒ
$u-bm;;v ƑƑƖ ƐƏƖ 338 ƐƖƕ ѶƔ 282
u-m7$o|-Ѵ ƑķƕƒƏ ƐķƓƔƖ ƓķƐѶƖ ƑķѵƐƐ ƐķƓƏƏ ƓķƏƐƐ

ѴѴ1-|;]oub;v-vbm7b1-|;7-0oˆ;-u;om=†ѴѴŊঞl;0-vbvĺ

Province wise Staff Allocation GRIƐƏƑŊѶ

uoˆbm1; ƑƏƐѶ ƑƏƐƕ

oĺo= -Ѵ; ;l-Ѵ; u-m7 oĺo= -Ѵ; ;l-Ѵ; u-m7
u-m1_;vņ $o|-Ѵ u-m1_;vņ $o|-Ѵ
&mb|v &mb|v

;m|u-Ѵuoˆbm1; 23 188 ѶƔ 273 23 183 ѶƔ ƑѵѶ

-v|;umuoˆbm1; 17 113 ƑƓ 137 18 ƐƑƓ Ƒѵ ƐƔƏ
ou|_;m|u-Ѵuoˆbm1; Ɩ ѶƔ ƐƓ ƖƖ Ɩ ѶƔ 17 102
ou|_);v|;umuoˆbm1; 22 181 ƕƖ ƑѵƏ 22 ƐѵѶ 82 ƑƔƏ
ou|_;umuoˆbm1; 13 78 28 ƐƏѵ 13 70 ƑƖ ƖƖ
"-0-u-]-l†‰-uoˆbm1; Ɛѵ 107 ƓƐ ƐƓѶ Ɛѵ 107 ƓƏ ƐƓƕ
"o†|_;umuoˆbm1; 23 ƐѶƖ ƖƑ 281 23 181 ѶƖ 270
&ˆ-uoˆbm1; Ɩ 77 12 ѶƖ Ɩ 78 8 Ѷѵ
);v|;umuoˆbm1; ƐƔƓ ƐķƕƐƐ ƐķƏѶƓ ƑķƕƖƔ ƐƔƐ ƐķѵƐƓ ƐķƏƑƓ ƑķѵƒѶ
ˆ;uv;-vr;u-ঞomv 1 1 Ŋ 1 1 1 Ŋ 1
u-m7$o|-Ѵ 287 ƑķƕƒƏ ƐķƓƔƖ ƓķƐѶƖ ƑѶƔ ƑķѵƐƐ ƐķƓƏƏ ƓķƏƐƐ

SAMPATH SIMPLIFIED 73
SOCIAL AND
RELATIONSHIP CAPITAL

"To further enhance the level of customer convenience, a series of

improvements were made to increase the functionality of the app,
to enable customers to make credit card and utility bill payments
as well, through the slip-less banking app. "
"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om"o1b-Ѵ
-m7!;Ѵ-ঞomv_br-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh
CUSTOMER

v1†v|ol;uru;=;u;m1;v1omঞm†;
-|;ub-Ѵ$orb1v o1†vu;-v=ouƑƏƐѶ
|o;ˆoѴˆ;ķo†u-blbv|o†m7;uv|-m7
-m7u;vrom7|o|_;v;m;;7v|_uo†]_ olrѴ-bm|-m-];l;m| "|u;m]|_;m|_;1olrѴ-bm|l-m-];l;m|ruo1;vv
;Š1;rঞom-Ѵ1†v|ol;u;Šr;ub;m1;v|_-| †v|ol;uomˆ;mb;m1; m_-m1;1†v|ol;u1omˆ;mb;m1;|_uo†]_|_;†v;o=
‰bѴѴv;|†v-r-u|=uolr;;uvĺ 0u;-h|_uo†]_|;1_moѴo]‹
†v|ol;u;-Ѵ|_-m7"-=;|‹ Ѵb]mbm]‰b|_1†uu;m|l-uh;||u;m7v
);_-ˆ;b7;mঞC;7Cˆ;l-|;ub-Ѵ|orb1v
†v|ol;uubˆ-1‹ $-1ঞ1-Ѵl-uh;ঞm]
|_-|7ubˆ;-ѴѴ;@ou|v|ov|u;m]|_;mo†u
†v|ol;u-rb|-Ѵĺ -uh;ঞm]-m7-0;ѴѴbm]

Highlights for 2018

m_-m1;1†v|ol;u1omˆ;mb;m1;|_uo†]_
|_;†v;o=0u;-h|_uo†]_|;1_moѴo]‹

Primary Objective:

;Ѵbˆ;ubmmoˆ-ঞˆ;l-uh;|ŊѴ;-7bm]
1†v|ol;u;Šr;ub;m1;v0‹Ѵ;ˆ;u-]bm]om
7b]b|-Ѵbmmoˆ-ঞom

Launch of the Slip-less banking app

$_;vѴbrŊѴ;vv0-mhbm]-rrbv-
u;ˆoѴ†ঞom-u‹m;‰7;ˆ;Ѵorl;m||_-|
ruoˆb7;v|_;1†v|ol;u‰b|_-_b]_Ѵ‹Ŋ
;L1b;m|ķr-r;uѴ;vvvoѴ†ঞom|o7;rovb|
-m7‰b|_7u-‰1-v_ĺ$_;1†v|ol;u_-v
|oomѴ‹vblrѴ‹7o‰mѴo-7|_;vѴbrŊѴ;vv
$_;vѲbrňѲ;vv0-mhbm]-rrruoˆb7;v|_;1†v|ol;u‰b|_-_b]_Ѳ‹ň;L1b;m|Ķr-r;uѲ;vvvoѲ†ࢼom|o
0-mhbm]lo0bѴ;-rr-ˆ-bѴ-0Ѵ;omb"-m7
7;rovb|-m7‰b|_7u-‰1-v_
m7uob7-m70;]bm†vbm]|_;=-1bѴb|‹0‹
bmv;uঞm]-=;‰7;|-bѴvĺ ou7;rovb|vķ|_;
‰b|_-11;vv|o|_;bu|u-mv-1ঞom_bv|ou‹ $_;vѴbrŊѴ;vv0-mhbm]-rrbvmo|u;v|ub1|;7
1†v|ol;u‰bѴѴomѴ‹m;;7|obmv;u||_;
om|_;bulo0bѴ;r_om;ĺ;-m‰_bѴ;ķ|o |o"-lr-|_-mh1†v|ol;uvomѴ‹-m7;ˆ;m
-11o†m|m†l0;u-m7|_;-lo†m||o0;
=†u|_;u;m_-m1;|_;Ѵ;ˆ;Ѵo=1†v|ol;u momŊ1†v|ol;uv1-m†v;|_;=-1bѴb|‹|o
7;rovb|;7bm|_;vѴbrŊѴ;vv0-mhbm]-rrķ
1omˆ;mb;m1;ķ-v;ub;vo=blruoˆ;l;m|v l-h;7;rovb|v|o"-lr-|_-mh-11o†m|vĺ
‰_bѴ;‰b|_7u-‰-Ѵv|oo1-m0;1-uub;7
‰;u;l-7;|obm1u;-v;|_;=†m1ঞom-Ѵb|‹
o†|f†v|-v;-vbѴ‹‰b|_|_;"-lr-|_ Connectivity with the Ustocktrade app
o=|_;-rr|o;m-0Ѵ;1†v|ol;uv|ol-h;
(bv_‰-†v;u1u;7;mঞ-Ѵvĺ$_;-rr_-v|_;
1u;7b|1-u7-m7†ঞѴb|‹0bѴѴr-‹l;m|v-v "-lr-|_-mh‹;|-]-bm1u;-|;7_bv|ou‹
-77;70;m;C|o=ruoˆb7bm]1†v|ol;uv
‰;ѴѴ|_uo†]_|_;vѴbrŊѴ;vv0-mhbm]-rrĺ 0‹0;1olbm]|_;Cuv|0-mhbm"ub-mh-|o

74 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

"Developed using
the latest block chain
technology, Sampath
igift is a unique person to
person gifting platform
that enables all Sampath
Bank account holders
to gift money to anyone
on their smartphone’s
contact list."

r;uvomŊ|oŊr;uvom]b[bm]rѴ-oul|_-|
;m-0Ѵ;v-ѴѴ"-lr-|_-mh-11o†m|
_oѴ7;uv|o]b[lom;‹|o-m‹om;om
|_;buvl-u|r_om;Ľv1om|-1|Ѵbv|ĺ[;u
7o‰mѴo-7bm]|_;"-lr-|_b]b[|o|_;bu
vl-u|7;ˆb1;=uol|_;oo]Ѵ;Ѵ-‹"|ou;
ou|_;rrѴ;rr"|ou;ķ-11o†m|_oѴ7;uv

Simplifying Processes 1-m]b[-m‹-lo†m|0;|‰;;m!vƐƏƏ|o

!vƐƏķƏƏƏr;u]b[ķ†r|o-l-Šbl†lo=
through Innovation !vƐƏƏķƏƏƏr;u7-‹ĺ$_;‹1-m-Ѵvobm1Ѵ†7;
r;uvom-Ѵbv;7l;vv-];v‰b|_|;Š|ķv;ѴC;vķ
|Ľv-Ѵ‰-‹v-1_-ѴѴ;m];|oCm7|_;ub]_|]b[=ouvol;om;ķmol-‚;u_o‰‰;ѴѴ‹o† ;loঞ1omvķvঞ1h;uvķ;|1ĺ‰b|_|_;]b[ĺ
hmo‰|_;lĺ$_-|Ľv‰_‹Ѵbh;|o]b[lom;‹vo|_-|l‹=ub;m7v-m7=-lbѴ‹1-m];| !;1brb;m|v‰_o_-ˆ;|_;-rrbmv|-ѴѴ;7om
vol;|_bm]|_;‹u;-ѴѴ‹m;;7-m7Ѵbh;ĺ$_-|Ľv‰_‹‰-v;Š1b|;7|o†v;"-lr-|_b]b[ |_;buvl-u|r_om;‰bѴѴu;1;bˆ;-mbmŊ-rr
ŋb|‰-vv†1_-vloo|_ruo1;vv7;vrb|;|_;1olrѴ;Š0Ѵo1h1_-bm|;1_moѴo]‹|_-| moঞC1-ঞombm=oulbm]|_;lo=|_;bub]b[ķ
ro‰;uvb|ĺ$_;-rrbvvo1ooѴ|_-|1-m;ˆ;mbm1Ѵ†7;r;uvom-Ѵbv;7l;vv-];v‰_;m ‰_bѴ;u;1brb;m|v‰_o7omo|_-ˆ;|_;-rr
v;m7|_;]b[ĺŝˆ;0-mh;7‰b|_"-lr-|_vbm1;‰-v-1_bѴ7-m7-v-|;1_b;ķ-l om|_;bur_om;‰bѴѴu;1;bˆ;-""‰b|_-
|_ubѴѴ;7‰b|__o‰-7ˆ-m1;7|_;‹-u;ĺ Ѵbmh‰b|_bmv|u†1ঞom|o7o‰mѴo-7|_;-rr
-m7-11;vv|_;]b[ĺ
"-lb|_-u-v-7&7-Ѵ-]-l-
;-7"o[‰-u;m]bm;;u Launch of Chatbot
Ŋ0Ѵ;Őˆ|ő|7ĺ "ķ-mŐuঞC1b-Ѵm|;ѴѴb];m1;ő
ro‰;u;7_-|0o|ķ‰-vѴ-†m1_;7bm
-‹ƑƏƐѶķ-mo|_;uCuv|bm"ub-mh-ĺ
ˆ-bѴ-0Ѵ;om|_;-mhĽv1ourou-|;
-ѴѴo‰-11o†m|_oѴ7;uv|o†v;|_;=†m7v |u-7;v;1†ubঞ;vѴbv|;7bmv|o1h;Š1_-m];v
‰;0vb|;ķ -1;0ooh;vv;m];u-m7o|_;u
bm|_;bu;uvom-Ѵ ou;b]m†uu;m1‹Ő ő -1uovv|_;&"ĺ$_bv-Ѵvo;Ѵblbm-|;v
l;vv-]bm]rѴ-oulvķ"bv1-r-0Ѵ;o=
-11o†m|v|o7bu;1|Ѵ‹|u-7;bm=ou;b]m |_;m;;7=ouv|o1h0uoh;uv-m7l-hbm]
u;vrom7bm]|o1†v|ol;ut†;ub;vu;Ѵ-|;7
v;1†ubঞ;v|_uo†]_|_;&v|o1h|u-7;-rrĺ v†1_bmˆ;v|l;m|vlou;-11;vvb0Ѵ;-m7
|o|_;bu0-mh-11o†m|vķ1u;7b|-m77;0b|
$_bv‰-v|_;u;v†Ѵ|o=-o&0;|‰;;m -@ou7-0Ѵ;ĺ
1-u7vķѴo-mķѴ;-vbm]-m7r-‰mbm]=-1bѴbঞ;vķ
"-lr-|_-mh-m7&v|o1h|u-7;
Launch of Sampath igift app bm|;u;v|u-|;vķ;Š1_-m];u-|;vķ;|1ĺķ
Őubˆ-|;ő|7ķ;m-0Ѵbm]"-lr-|_-mh
o@;u;70‹"-lr-|_-mhĺ)_bѴ;"bv
-11o†m|_oѴ7;uv|oѴbmh|_;bu -11o†m| ;ˆ;Ѵor;7†vbm]|_;Ѵ-|;v|0Ѵo1h1_-bm
1†uu;m|Ѵ‹omѴ‹-ˆ-bѴ-0Ѵ;bmm]Ѵbv_ķ"bm_-Ѵ-
|o|_;&v|o1h|u-7;-rr-m7†v;b||o |;1_moѴo]‹ķ"-lr-|_b]b[bv-†mbt†;
-m7$-lbѴ=†m1ঞom-Ѵb|‹‰bѴѴ0;-77;7
†m7;ur_-v;Ƒo=|_;ruof;1|ĺ

SAMPATH SIMPLIFIED 75
SOCIAL AND
RELATIONSHIP CAPITAL

Launch of the Virtual Teller Machine (VTM) $ov;m7lom;‹ķ|_;v;m7;uvblrѴ‹m;;7v Just Pay© adoption

bˆbm]†r|ob|vu;r†|-ঞom-v|_; |oˆbvb||_;m;-u;v|rov|oL1;ouv†0Ŋ "-lr-|_-mhvb]m;7†r‰b|_-mh-Ѵ;-u

1o†m|u‹ĽvѴ;-7bm]7b]b|-Ѵ0-mhķ"-lr-|_ rov|oL1;-m7ruoˆb7;|_;0;m;C1b-u‹Ľv Őˆ|ő|7|o-7or||_;†v|-‹šm;|‰ouh
-mhѴ-†m1_;7"ub-mh-ĽvCuv|Ŋ;ˆ;u m-l;ķ-77u;vvķ-ঞom-Ѵ7;mঞ|‹-u7 bm;-uѴ‹-u1_ƑƏƐѶķ‰_b1_-ѴѴo‰v
($ķ‰_b1_‰-v†mˆ;bѴ;7-| $ Őőm†l0;u-m7lo0bѴ;m†l0;u 1†v|ol;uv|ol-h;r-‹l;m|v0‹7;0bঞm]
ƑƏƐѶķ|_;-ঞom-Ѵ$Š_b0bঞom_;Ѵ7 -Ѵom]‰b|_|_;-lo†m||o0;v;m|ĺ$_; -m‹0-mh-11o†m|‰_b1_bv1omm;1|;7|o
bmoˆ;l0;uƑƏƐѶĺ";uˆbm]-v-=†ѴѴ‹Ŋ 0;m;C1b-u‹‰bѴѴbmv|-m|-m;o†vѴ‹u;1;bˆ; |_;†v|-‹šm;|‰ouhĺ$_;=-1bѴb|‹ķ‰_b1_
Y;7];77b]b|-Ѵ0u-m1_ķ|_;($o@;uv -|;Š|l;vv-];‰b|_|_;-lo†m|-m7|_; bv-ˆ-bѴ-0Ѵ;|o"-lr-|_-mh1†v|ol;uv
-m;Š|;mvbˆ;u-m];o=0-mhbm]v;uˆb1;vķ u;Ѵ;ˆ-m|-rruoˆ-Ѵ1o7;Őőķ‰_b1_|_; -v‰;ѴѴ-vmomŊ1†v|ol;uvķ-ѴѴo‰v†v;uv
bm1Ѵ†7bm]1-v_7;rovb|vķ‰b|_7u-‰-Ѵvķ-m7 0;m;C1b-u‹1-m|_;m†v;|o‰b|_7u-‰ |ovblrѴ‹v1-m|_;u;vr;1ঞˆ;l;u1_-m|vĽ
1_;t†;7;rovb|vĺ($v]bˆ;|_;1†v|ol;u lom;‹bll;7b-|;Ѵ‹=uolom;o="-lr-|_ !1o7;†vbm]|_;buvl-u|r_om;-m7
‰b|_ƑƓņƕķƒѵƔŊ7-‹0-mhbm]1omˆ;mb;m1;ĺ -mhĽvƓƐƖ$v-1uovv|_;bvѴ-m70‹ v;-lѴ;vvѴ‹1omm;1||o|_;"-lr-|_
†u|_;ulou;ķ1†v|ol;uv1-m†v;|_; v;Ѵ;1ঞm]|_;lo0bѴ;1-v_orঞom-m7 -‹rr|ol-h;1-v_Ѵ;vvr-‹l;m|v0;Ѵo‰
($Ľv0†bѴ|Ŋbmr_om;u;1;bˆ;u|o1omm;1| ;m|;ubm]|_;u;Ѵ;ˆ-m|7;|-bѴvĺ !vƐƏķƏƏƏv;1†u;Ѵ‹-m7bmu;-Ѵঞl;ĺ
7bu;1|Ѵ‹|o|_;-mhĽv†v|ol;u-u;
@;ubm]1omv†l;uv-1uovv|_;bvѴ-m7- "|u;m]|_;m|_;olrѴ-bm|-m-];l;m|
;m|u;-m7u;t†;v|-m7u;1;bˆ;-77bঞom-Ѵ
1omˆ;mb;m|-m7v;1†u;l;-mvo=v;m7bm] uo1;vv
bm=oul-ঞomou-vvbv|-m1;bmu;-Ѵঞl;ĺ
-m7u;1;bˆbm]lom;‹uo†m7|_;1Ѵo1hķ
Primary Objective:
$_;Cuv|oL1b-Ѵ($‰-v1ollbvvbom;7 ‰b|_o†|-m‹7;Ѵ-‹vķ;Ŋ-‹o0bѴ;-v_
-||_;oѴol0o"†r;u0u-m1_bm bv-Ѵb]m;7|o|_;oˆ;uml;m|Ľv;@ou|v 7;mঞ=‹-m7-77u;vv|_;uoo|1-†v;o=
oˆ;l0;uƑƏƐѶķ‰b|_lou;bmv|-ѴѴ-ঞomv |oѴ;ˆ;u-];om|;1_moѴo]‹bmou7;u|o r;uvbv|;m|bvv†;vu-bv;70‹1†v|ol;uv
v1_;7†Ѵ;7|o|-h;rѴ-1;-|o|_;u0u-m1_;v |u-mv=oul1omˆ;mঞom-Ѵv;uˆb1;v=ou|_; -m7|-h;1ouu;1ঞˆ;-1ঞom|oru;ˆ;m|
oˆ;u|_;m;Š|=;‰lom|_vĺ 0;m;C|o=|_;r†0Ѵb1ĺ u;1†uu;m1;

Ѵb]mbm]‰b|_1†uu;m|l-uh;||u;m7v

Primary Objective:

lruoˆbm]ruo7†1|u;Ѵ;ˆ-m1;|oh;;r
r-1;‰b|_1†uu;m|l-uh;||u;m7v

Launch of e-Pay Mobile Cash

m-Ѵ|;um-ঞˆ;|o|_;|u-7bঞom-Ѵrov|-Ѵ
lom;‹ou7;uv‹v|;lķ|_;;Ŋ-‹o0bѴ;
-v_l;1_-mbvl-ѴѴo‰v†v;uv|obmv|-m|Ѵ‹
v;m7-m7u;1;bˆ;-m‹|_bm]0;|‰;;m
!vƐķƏƏƏ-m7!vƑƔķƏƏƏr;u|u-mv-1ঞomĺ

-†m1_o=;ň-‹o0bѲ;-v_

76 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Simplifying Banking
through Intelligent
Solutions
Ľˆ;omѴ‹u;1;m|Ѵ‹v|-u|;70-mhbm]‰b|_"-lr-|_
-mh-m7-Ѵu;-7‹Ľlblru;vv;7‰b|__o‰;-v‹
b|bv|o;m]-];‰b|_|_;0-mh7b]b|-ѴѴ‹ĺ_-|;
_-ˆbm]|ot†;†;†r0;1-†v;f†v|7omĽ|_-ˆ;
|_;ঞl;|o‰-v|;ķvoCm7|_bvvoѴ†ঞomr;u=;1|
0;1-†v;1-m†v;"|o7ol‹0-mhbm]-|
l‹1omˆ;mb;m1;ķ-|-m‹ঞl;=uol-m‹‰_;u;ĺ
m7b|Ľvvo;-v‹|o†v;ŋ"|_;_-|0o|
1-m-mv‰;ul-m‹o=l‹t†;vঞomv-m7]bˆ;
l;bm|;ѴѴb];m|voѴ†ঞomvĺo[;m-11;vv"
|_uo†]_ -1;0ooh;vv;m];u0†|b|Ľv-Ѵvo
-ˆ-bѴ-0Ѵ;om|_;-mhĽv‰;0vb|;ĺ

-ˆ;v_b&|_r-Ѵ-
†vbm;vvm-Ѵ‹v|

Streamlining activities at the centralised Emphasis on Digital Marketing Ŏ -†77_-Ѵoh-(;v-h&|_v-‰-‹-ƑƏƐѶ

Customer Care Centre (CCC) ŊѴѴ;‹Ѵom†77_bv|om]u;vv
bˆ;m|_;]uo‰bm]bmY†;m1;o=7b]b|-Ѵ
m-0b7|o1u;-|;]u;-|;u†mb=oulb|‹ l;7b-ķ-=o1†v;7;@ou|‰-vl-7;|o Ŏ ‰-u7v;u;lom‹Ŋ)ol;mŝv
-1uovv-ѴѴ1olrѴ-bm|u;1;bˆbm]1_-mm;Ѵvķ bm1u;-v;|_;-mhĽv1om1;m|u-ঞomom _-l0;uo=m7†v|u‹şoll;u1;
|_;vo1b-Ѵl;7b-1olrѴ-bm|ņ=;;70-1h 7b]b|-Ѵl;7b--7ˆ;uঞvbm]ĺ$_;-7ˆ;uঞvbm]
l;1_-mbvl‰-v1;m|u-Ѵbv;7-m70o†]_| vru;-7‰-vbm1u;-v;7bm=-ˆo†uo=7b]b|-Ѵ Ŏ ";ˆ;mbm]‰b|_-ourou-|;
†m7;u|_;r†uˆb;‰o=|_;ĺ$_bv_-v l-uh;ঞm]=oѴѴo‰;70‹-m-rrobm|l;m| ;-7;uŊoѴol0o"1_ooѴo=†vbm;vv
;m-0Ѵ;7-ѴѴ1olrѴ-bm|vu;1;bˆ;7ˆb-vo1b-Ѵ o=-7b]b|-Ѵl;7b--];m1‹|ov|u;-lѴbm; -m7-m-];l;m|
l;7b-rѴ-oulv|o0;bm1ourou-|;7bm|o 7b]b|-Ѵ1om|;m|-m7v|u;m]|_;m|_; Ŏ oѴol0om|;um-ঞom-Ѵooh -bu
|_;1;m|u-Ѵ7-|-0-v;=ou=†u|_;uu;ˆb;‰ -mhĽv7b]b|-Ѵru;v;m1;ĺ oѴѴo‰bm]|_; ƑƏƐѶŊ"ub-mh-ooh†0Ѵbv_;uv
-m7-m-Ѵ‹vbvĺ -rrobm|l;m|o=|_;-];m1‹-v;ub;vo= vvo1b-ঞom
=o1†v;71-lr-b]mv‰;u;1om7†1|;7
m-77bঞomķ-v;ub;vo=roѴb1‹Ѵ;ˆ;Ѵ |-u];ঞm]|_;]uo‰bm]m†l0;uo=7b]b|-ѴŊ Ŏ +"-lr-|_-mh;-7;uv_br
1_-m];v‰;u;blrѴ;l;m|;7bmƑƏƐѶ v-ˆˆ‹1†v|ol;uvĺ ou†lƑƏƐѶŊ$_;_-l0;uo=+o†m]
vr;1bC1-ѴѴ‹|o=o1†vomblruoˆbm] -mh-mm|u;ru;m;†uvŐ+ő
1olrѴ-bm|-m-Ѵ‹vbv-m7u;rouঞm] Sponsorships Events
Ŏ u;-h=-v| ou†lvom!$$(
l;1_-mbvlvķ‰b|_-7;7b1-|;7|;-l Ŏ ;vঞˆ-Ѵo=ub1h;|ƑƏƐѶŊ&
1-uˆ;7o†|‰b|_bm|_;|o-m-Ѵ‹v; Ŏ ourou-|;-u|m;uv_br=ou"
1olrѴ-bm|vu;1;bˆ;7-1uovv-ѴѴ1_-mm;Ѵvĺ Ŏ "o†|_vb-mbo|;1_moѴo]‹ ;ˆ;m|vŊ$_;"ub-mh-mvঞ|†|;o=
om=;u;m1;Ŋ$_;-ঞom-Ѵ1-7;l‹ -uh;ঞm]Ő"ő
$-1ঞ1-Ѵ-uh;ঞm] o="1b;m1;vo="ub-mh-Ő""ő
Ŏ ;orѴ;Ľv‰-u7v
Primary Objective: Ŏ !-b]-l$;Ѵ;ŝ;vƑƏƐƕŊ!-b]-l
Ŏ "‰-u7v
-uh;ঞm]";uˆb1;vŐˆ|ő|7
u;-|;-‰-u;m;vv-m7bm1u;-v;
Ŏ L;‰-u7v
ˆbvb0bѴb|‹-1uovv|-u];|1†v|ol;u Ŏ †bѴ7"ub-mh-Ŋo†vbm]ş
v;]l;m|v omv|u†1ঞomm|;um-ঞom-ѴŠ_b0bঞom Ŏ u-m7Š1;ѴѴ;m1;
ƑƏƐѶŊ_-l0;uo=omv|u†1ঞom
m7†v|u‹"ub-mh-Ő"ő

SAMPATH SIMPLIFIED 77
SOCIAL AND
RELATIONSHIP CAPITAL

"Sampath Saviya is the Bank’s flagship entrepreneurship

development initiative that aims to support the Government’s
endeavour to develop the MSME sector as a key growth catalyst
for the national economy."
"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om"o1b-Ѵ
-m7!;Ѵ-ঞomv_br-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh
COMMUNITY

v-u;vromvb0Ѵ;1ourou-|;1bঞŒ;mķ Highlights for 2018 ruo]u-ll;=†u|_;u†m7;urbmv|_;-mhĽv

"-lr-|_-mhbv1ollb‚;7|o0;bm] m|u;ru;m;†uv_br ;ˆ;Ѵorl;m| ;@ou|v|oruolo|;]u;-|;uCm-m1b-Ѵ
-m-1ঞˆ;-m7v†rrouঞˆ;l;l0;uo= bm1Ѵ†vbombm"ub-mh-ĺ
|_;1oll†mb|‹ĺvv†1_ķ‰;v|ubˆ;|o Primary Objective:
buv|Ѵ-†m1_;7bmƑƏƐƒķ|_;ļ"-lr-|_
;mv†u;|_-|o†ubmˆ;v|l;m|v-u;1-r-0Ѵ; lro‰;u;m|u;ru;m;†uv|o=-1bѴb|-|; "-ˆb‹-Ľruo]u-ll;_-vvbm1;0;;m
o=7;Ѵbˆ;ubm]v†v|-bm-0Ѵ;0;m;C|v=ou |_;bu7;ˆ;Ѵorl;m||_uo†]_0;‚;u u;vromvb0Ѵ;=ouv†rrouঞm]oˆ;u
|_;0;‚;ul;m|o=-ѴѴl;l0;uvo=|_; |;1_mb1-Ѵv†rrou|-m7Cm-m1b-Ѵ ƑķƔƏƏ";m|u;ru;m;†uvķ|_;u;0‹
1oll†mb|‹ĺ -vvbv|-m1;ĺ |u-mv=oulbm]|_;Ѵbˆ;vo=1oll†mbঞ;v
-1uovv"ub-mh-0‹ruoˆb7bm]|_;l‰b|_
$o-1_b;ˆ;|_;7;vbu;7u;v†Ѵ|vķ‰;
ŝ"-lr-|_"-ˆb‹-ŝbv|_;-mhĽvY-]v_br 0†vbm;vvhmo‰Ŋ_o‰-m7-11;vv|ol†1_Ŋ
=o1†vom|‰ol-|;ub-Ѵ|orb1vķm-l;Ѵ‹ķ
;m|u;ru;m;†uv_br7;ˆ;Ѵorl;m|bmbঞ-ঞˆ; m;;7;7Cm-m1;ĺ&vbm]|_;rѴ-oul0†bѴ|
oll†mb|‹ ;ˆ;Ѵorl;m|-m7uoloঞm]
|_-|-blv|ov†rrou||_;oˆ;uml;m|Ľv |_uo†]_"-ˆb‹-‰ouhv_orv1om7†1|;7
bm-m1b-Ѵm1Ѵ†vbomķ‰_;u;‰;Ѵooh|o
;m7;-ˆo†u|o7;ˆ;Ѵor|_;" bm|_;r-v|ķ|_;-mh1-uub;7o†||_;
Ѵ;ˆ;u-];omo†urovbঞom-v-Ѵ;-7bm]0-mh
v;1|ou-v-h;‹]uo‰|_1-|-Ѵ‹v|=ou|_; =oѴѴo‰bm]h;‹ruo]u-ll;vbmƑƏƐѶĸ
bmou7;u|o0†bѴ7oll†mb|‹-rb|-Ѵĺ
m-ঞom-Ѵ;1omol‹ĺ$_;ļ"-lr-|_"-ˆb‹-Ľ

GRIƓƐƒŊƐņƑƏƒŊƑ

m|u;ru;m;†uv_br ;ˆ;Ѵorl;m|

uof;1|v mˆ;v|l;m| ;m;C1b-ub;v (oѴ†m|;;u;7lrѴo‹;;v

-|;ub-Ѵ$orb1v Ɛƒ !vƐƏĺѶm ƐķƕƏƏ Ƒƒƕ

oll†mb|‹ ;ˆ;Ѵorl;m| oll†mb|‹-r-1b|‹†bѴ7bm]

o1†vu;-v
uof;1|v mˆ;v|l;m| ;m;C1b-ub;v (oѴ†m|;;u;7lrѴo‹;;v
uoloঞm] bm-m1b-Ѵ
ƐƔ !vƕĺƖm ƐƑѵķѶƏƒ ƑƑƐ
m1Ѵ†vbom

7†1-ঞom=ouѴѴ
uof;1|v mˆ;v|l;m| ;m;C1b-ub;v (oѴ†m|;;u;7lrѴo‹;;v
ƑƐ !vƐƒĺƖm ƑƕķѶƐѶ ƔƕƔ

78 SAMPATH BANK PLC Annual Report 2018

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‘Sinhalen Business’ - SME Business Forum

-u|o=|_;Y-]v_brļ"-lr-|_"-ˆb‹-Ľ $_;‰ouhv_orv;ub;v-‚u-1|;7oˆ;uƑƏƏ
m|u;ru;m;†uv_br ;ˆ;Ѵorl;m|bmbঞ-ঞˆ;ķ ;m|u;ru;m;†uv=uol-0uo-7vr;1|u†l
|_;ŝ"bm_-Ѵ;m†vbm;vvŝ"†vbm;vv o=h;‹bm7†v|ub;vv†1_-vv;uˆb1;-m7
ou†l‰-v-om;7-‹ruo]u-ll; l-m†=-1|†ubm]bm7†v|ub;v-v‰;ѴѴ-v-
1om7†1;7=u;;o=1_-u];ĺ$_;ruo]u-l m†l0;uo=v;Ѵ=Ŋl-7;;m|u;ru;m;†uvķ
=o1†v;7omruoˆb7bm];m|u;ru;m;†uv‰b|_ ‰bmm;uvo=|_;ļu;;mmˆ;m|ouĽ
-m†l0;uo=h;‹ru-1ঞ1-Ѵ-rruo-1_;v ruo]u-ll;ķ-vrbubm]†m7;u]u-7†-|;v
|or†uv†;0†vbm;vvv†11;vvķbm1Ѵ†7bm] ‰b|_0†vbm;vv1om1;r|vķ‹o†|_ķ‰ol;mķ
v;vvbomvomѴ;-7;uv_brķv-Ѵ;v|-1ঞ1vķ v;mbou1bঞŒ;mv-m77b@;u;m|Ѵ‹Ŋ-0Ѵ;7
rv‹1_oѴo]b1-Ѵ-rruo-1_;v|o ;m|u;ru;m;†uvĺ
0u-m7bm]ķ;|1ĺ

Youth Empowerment Programme at Galle

mƑƏƐѶķ-vr;1b-Ѵ‹o†|_;lro‰;ul;m| $;1_mb1-ѴoѴѴ;];ķ-ѴѴ;ĺ$_;‰ouhv_or
ruo]u-ll;‰-v_;Ѵ7†m7;u|_;ļ"-lr-|_ -];m7-u;ˆoѴˆ;7-uo†m77;ˆ;Ѵorbm]vo[
"-ˆb‹-Ľ0-mm;uĺ$_;ruo]u-lķ‰_b1_ vhbѴѴvu;t†bu;7|obmbঞ-|;-m7l-m-];-
‰-v7;ˆ;Ѵor;7bmr-u|m;uv_br‰b|_|_; v|-u|†r-m7‰-v=-1bѴb|-|;70‹-m;lbm;m|
-ঞom-Ѵ_-l0;uo=oll;u1;"ub-mh- r-m;Ѵo=0†vbm;vvѴ;-7;uvbm1Ѵ†7bm]
-m7|_;-ѴѴ;!;]bom-Ѵ_-l0;uķ‰-v u ;;r-Ѵ"ooub‹--u-1_1_bŊ bu;1|ou
_;Ѵ7bm-ѴѴ;‰b|_-r-uঞ1br-ঞomo=lou; o="-lr-|_-mhķ--m-];l;m|
|_-mƓƔƏv|†7;m|v‰_o_-71olrѴ;|;7 omv†Ѵ|-m|ķŠ;1†ঞˆ;o-1_-m7†|_ou
|_;buu7bm-u‹;ˆ;Ѵ-m77ˆ-m1;7;ˆ;Ѵ -m7u_-m7-m-†m-‰-u7-m;Ŋ†l-m
;Š-lbm-ঞomv-v‰;ѴѴ-vv|†7;m|v=uol|_; o|;mঞ-Ѵ ;ˆ;Ѵorl;m|$u-bm;u-m7
-ѴѴ;(o1-ঞom-Ѵ$u-bmbm]mvঞ|†|;-m7|_; †|_ouĺ

Empowering Organic Farmers

‰ouhv_orv;ub;v‰-v_;Ѵ7bm |om-ঞom-Ѵ7;ˆ;Ѵorl;m|ĺ"r;1bC1-ѴѴ‹
1oѴѴ-0ou-ঞom‰b|_|_;uoˆbm1b-Ѵ |-u];ঞm]ou]-mb1=-ul;uvbm†u†m;]-Ѵ-
;r-u|l;m|o=]ub1†Ѵ|†u;Ő)ő|o bv|ub1|ķ|_;ruo]u-ll;‰-v7;vb]m;7
ruolo|;ou]-mb1=-ulbm]ĺ$_;bmbঞ-ঞˆ; |o;m_-m1;|_;vhbѴѴvķ1olr;|;m1b;v-m7
‰-v-bl;7-|1u;-ঞm]-0-v;o=]u;;m |;1_mb1-Ѵhmo‰Ѵ;7];o==-ul;uv-m7
;m|u;ru;m;†uv‰_o_-ˆ;|_;1-r-1b|‹ -]ub1†Ѵ|†u;bmv|u†1|ouvĺ|o|-Ѵo=ƒƏƔ
|ol-h;-v†v|-bm-0Ѵ;1om|ub0†ঞom r-uঞ1br-m|v-‚;m7;7|_;|‰o‰ouhv_orv
_;Ѵ70‹|_;-mhĺ

Empowering Dairy Farmers

$_;-blo=|_;ruo]u-ll;‰-v|o =-ul;uvѴ-1h0-vb1=-ulbm]l-m-];l;m|
ruoˆb7;ruor;u|u-bmbm]-m7]†b7-m1;|o hmo‰Ѵ;7];-m7|;1_mb1-ѴvhbѴѴvķ|_;
|_;7-bu‹=-ul;uvo=|_; ƐƏˆbѴѴ-];bm -mh1om7†1|;7-|_u;;Ŋ7-‹‰ouhv_or
-7-ˆb‹-‰_o7;r;m7Ѵ-u];Ѵ‹om7-bu‹ =ouv;Ѵ;1|;7=-ul;uv|oblruoˆ;|_;bu
=-ulbm]ķ;vr;1b-ѴѴ‹bm|_;7u‹v;-vom ;m|u;ru;m;†ub-ѴvhbѴѴv-m71olr;|;m1b;vbm
‰_;mb|v;uˆ;v-v|_;buomѴ‹vo†u1;o= 1oѴѴ-0ou-ঞom‰b|_ $"ub-mh-ķ-v
bm1ol;ĺ-ˆbm]=o†m7|_-|l-m‹o=|_;v; ‰;ѴѴ-vo@;u;7u;t†bu;7|;1_mb1-Ѵ-7ˆb1;ĺ

SAMPATH SIMPLIFIED 79
SOCIAL AND
RELATIONSHIP CAPITAL

Partnering with 'Ath Pavura – Mission Two'

!;bm=ou1bm]|_;1ollb|l;m||oruolo|; r;m|o-ѴѴ"ub-mh-mv-];7ƐƓ-m7
;m|u;ru;m;†uv_br-1uovv|_;bvѴ-m7ķ|_; -0oˆ;-m7-Ѵvo=ou;b]m;uvѴbˆbm]bm
-mhvb]m;7†r-v|_;ঞ|Ѵ;vromvouo=|_; "ub-mh-=ou|_;r-v||‰o‹;-uvķ|_;
v;1om7lbvvbomo=ŝ|_-ˆ†u-ŝķ"ub-mh-Ľv v_o‰‰-v|;Ѵ;1-v|;7om$-m7
Cuv|Ŋ;ˆ;uu;-Ѵb|‹$(v_o‰7;7b1-|;7|o o@;u;7-v-l†1_m;;7;7rѴ-oul=ou
1†Ѵঞˆ-|;vo1b-Ѵ;m|u;ru;m;†uv-1uovv 0†77bm];m|u;ru;m;†uvou;Šbvঞm]vo1b-Ѵ
|_;m-ঞom-v‰;ѴѴ-v;m-0Ѵ;;Šbvঞm] 0†vbm;vv;v|orb|1_|_;bum;‰vo1b-Ѵ
vo1b-Ѵ;m|u;ru;m;†uv|oruol†Ѵ]-|;|_;bu 0†vbm;vvb7;-v|o-r-m;Ѵo=lr-1|
b7;-v-lom]-‰b7;u-†7b;m1;|_uo†]_- mˆ;v|ouvĺ-v;7om|_;ru;v;m|-ঞomv
m-ঞom-Ѵ|;Ѵ;ˆbvbomĺ l-7;ķ|_;r-m;Ѵ‰bѴѴ7;|;ulbm;b= ś|_-ˆ†u-śo&;Š1_-m];1;u;lom‹
1om|;v|-m|v-u;;Ѵb]b0Ѵ;|ou;1;bˆ;v;;7
=†m7bm]ķ‰_b1_‰bѴѴ0;-‰-u7;7|o|_;lĺ

oll†mb|‹-r-1b|‹†bѴ7bm] GRIƑƏƒŊƐ

Primary Objective:

77u;vv]u-vvuoo|Ѵ;ˆ;Ѵbvv†;v0‹ruoˆb7bm]0-vb1bm=u-v|u†1|†u;oum;1;vvbঞ;v|o;m-0Ѵ;|_;1oll†mb|‹|oblruoˆ;Ѵbˆ;Ѵb_oo7v-m7
Ѵbˆbm]v|-m7-u7v

'Wewata Jeewayak' Tank Restoration Programme

$_;ŝ);‰-|-;;‰-‹-hŝruo]u-ll; oˆ;uƐƐƑ-1u;vo=r-77‹C;Ѵ7vĺ!;v|oubm] v|†7;m|vo=|_; bˆ†Ѵ-mh-7-‰-Ѵ-;m|u-Ѵ

bv-mom]obm];@ou|0‹|_;-mh|o |_; _-m‹-‰-|-mh_-vruoˆb7;7- oѴѴ;];ĺ
u;1omv|u†1||_;|-mhm;|‰ouhbm|_;7u‹ v†v|-bm-0Ѵ;vo†u1;o=buub]-ঞom=ou|_;v;
Œom;|_-|_-ˆ;0;1ol;Ѵ-u];Ѵ‹†m†v-0Ѵ; =-ul;uvĺ$_;|-mh-Ѵvov;uˆ;v-v-=;;7;u vb7;=uol|_;v;7bu;1|0;m;C|v|o|_;
-[;u‹;-uvo=m;]Ѵ;1|ĺ$_;ruo]u-ll; =ou|_;‰-|;u|u;-|l;m|rѴ-m|‰_b1_ u†u-Ѵ;1omol‹ķ|_;|-mhu;v|ou-ঞom
‰-vbmbঞ-|;7‰b|_|_;-blo=ruoˆb7bm] ruoˆb7;v7ubmhbm]‰-|;u=ouƑƑƔ=-lbѴb;v ruo]u-ll;-Ѵvoruoˆb7;v-u-m];o=
-m†mbm|;uu†r|;7‰-|;uv†rrѴ‹|o;m-0Ѵ; bmm;b]_0o†ubm]ˆbѴѴ-];v-v‰;ѴѴ-vƑķƐƏƏ ;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ0;m;C|v-v
|_;ˆ-v|l-foub|‹o=-]u-ub-m=-ul;uvbm ‰;ѴѴĺ uol-m;mˆbuoml;m|-Ѵr;uvr;1ঞˆ;ķ
u†u-Ѵ-u;-vo="ub-mh-‰_ou;Ѵ‹om|_;v; m-|†u-Ѵ;1oŊv‹v|;lv-m7=ou;v|1oˆ;u
|-mhv-v|_;omѴ‹vo†u1;o=buub]-ঞom|o bm|_;v;-u;-vķ‰_b1__-7-ѴѴ0†|
1†Ѵঞˆ-|;;ˆ;mbm|_;7u‹v;-vomĺ$_; 7bv-rr;-u;77†;|o|_;Ѵ-1ho=‰-|;u
|-mhvu;0†bѴ|vbm1;|_;m_-ˆ;_;Ѵr;7 _-ˆ;0;;mu;v|ou;7ĺ †u|_;ulou;ķ|_;
|ou;v|ou;-‹;-uŊuo†m7‰-|;uv†rrѴ‹ m;‰Ѵ‹u;moˆ-|;7|-mhv_-ˆ;_;Ѵr;7
;m-0Ѵbm]=-ul;uv|o1†Ѵঞˆ-|;0o|_+-Ѵ- u;ˆbˆ;|_;-];ŊoѴ7vo1b-Ѵ1†v|olŊ|_;
-m7-_-v;-vomvķ7bu;1|Ѵ‹u;v†Ѵঞm]bm ŝ);‰-Ŋ -]-0-Ŋ-l-Ŋ-mv-Ѵ-ŝŐ$-mhŊ
bm1u;-vbm]|_;bubm1ol;ĺou;oˆ;u|_; "|_†r-Ŋ(bѴѴ-];Ŋ$;lrѴ;őķ‰_b1__-v0;;m
|-mhu;v|ou-ঞom;@ou|v_-ˆ;;m-0Ѵ;7 -mbm|ubmvb1r-u|o=u†u-ѴˆbѴѴ-];Ѵb=;=ou
=-ul;uv|o=†u|_;ublruoˆ;|_;bu |_o†v-m7vo=‹;-uvĺ
Ѵbˆ;Ѵb_oo7v0‹v†rrѴ;l;mঞm]|_;bubm1ol;
oll;m1;l;m|o=u;v|ou-ࢼom‰ouh
|_uo†]_bm|;u1uorrbm]ĺ

mƑƏƐѶķ|_;-mhfobm;7_-m7v‰b|_|_;
bˆbvbom-Ѵuub]-ঞomm]bm;;uĽvL1;ķ
bmm;ub‹--m7|_; bˆ†Ѵ-mh-7-‰-Ѵ-
-ul;uvĽvvo1b-ঞom|ou;0†bѴ7|_;
_-m‹-‰-|-mhbm bˆ†Ѵ-mh-7-‰-Ѵ-ķ
;7bub]bub‹--|-1ov|o=!vƒĺƒmĺ
"ru;-7-1uovvƐƑ-1u;vķ|_; _-m‹-‰-
|-mhv;uˆ;v-v|_;l-bmbuub]-ঞomvo†u1;
=ouƖѵ=-lbѴb;v1-uu‹bm]o†|=-ulbm]om

;u;lomb-Ѳor;mbm]o=vѲ†b1;]-|;v !;moˆ-|;7 _-m‹-‰-|-mh

80 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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GRIƑƏƒŊƐ

'Hope for a Life' Programme

$_;ŝor;=ou-b=;ŝbv-mom]obm]"! ĺ $_;-mh_-vl-7;v;ˆ;u-Ѵ

bmbঞ-ঞˆ;†m7;u|-h;m0‹|_;-mh-vr-u|o= blruoˆ;l;m|vo=|_;bm=u-v|u†1|†u;
b|v1ollb|l;m||oblruoˆ;|_;v|-m7-u7v =-1bѴbঞ;vѴ-‹-r-‚†‰- bˆbvbom-Ѵ
o=m-ঞom-Ѵ_;-Ѵ|_1-u;bm"ub-mh-ĺm ovrb|-Ѵķ-]oˆ;uml;m|_ovrb|-Ѵ
ƑƏƐѶķ|_;-mh=-1bѴb|-|;7=ou|‰om-ঞom-Ѵ Ѵo1-|;7bm-u;lo|;u;]bomo=|_;
v1-Ѵ;_;-Ѵ|_bm=u-v|u†1|†u;7;ˆ;Ѵorl;m| m†u-7_-r†u- bv|ub1|ĺvr-u|o=|_;
ruof;1|vĺ ruof;1|ķ|_;-mh†m7;u|ooh|o0†bѴ7-
1oˆ;ubm]_†|r-u-ѴѴ;Ѵ|o|_;l;u];m1‹
ĺ v-=oѴѴo‰†r|o|_;ƑƏƐƒ7om-ঞom $u;-|l;m|&mb|Ő$&ő-|-1ov|o=
o=-=†ѴѴ‹ŊY;7];7;†uo-ˆb]-ঞom !vƐĺƏmĺ)_bѴ;bm1u;-vbm]|_;
"‹v|;l‰ou|_!vƓƖĺƕmĺ|o|_; vr-1;o=|_;$&ķ|_;m;‰v|u†1|†u; m7o‰l;m|o=ˆ;mࢼѲ-|ou|o-ࢼom-Ѳovrb|-Ѳo=
-ঞom-Ѵovrb|-Ѵo="ub-mh-ķ _-v-Ѵvo]u;-|Ѵ‹u;7†1;7|_;ubvho= "ub-mh-
bmƑƏƐѶ|_;-mh_-m7;7oˆ;u- 7bv1u;r-m1b;vbm|_;r-ঞ;m||u-mv=;u
ˆ;mঞѴ-|ou‰ou|_!vƑĺƑm|o|_; ruo1;vvķ;vr;1b-ѴѴ‹bmroou‰;-|_;uĺ
;†uo"†u];u‹m|;mvbˆ;-u;&mb| vr-u|o=|_;v-l;bmbঞ-ঞˆ;ķ|_;
Ő&őo=-ঞom-Ѵovrb|-Ѵo="ub -mh-Ѵvo7om-|;7-u-m];o=;vv;mঞ-Ѵ
-mh-ĺ$_bv_-vѴ;7|o-1omvb7;u-0Ѵ; l;7b1-Ѵ;t†brl;m||o|_;_ovrb|-Ѵĺ
;m_-m1;l;m|bm|_;1-r-1b|‹o=|_;
_ovrb|-ѴĽv;†uo"†u];u‹&ķ‰_b1_
‰-vru;ˆbo†vѴ‹Ѵblb|;7|oCˆ;&
ˆ;mঞѴ-|ouv=ou-ѴѴ|;m0;7vĺ
;‰Ѳ‹ň0†bѲ|1oˆ;ubm]_†|-|Ѳ-‹-r-‚†‰-
7†1-ঞom=ou-ѴѴ bˆbvbom-Ѳovrb|-Ѳ

Primary Objective:

bvv;lbm-ঞomo=hmo‰Ѵ;7];-m7bm=oul-ঞom-|-]u-vvuoo|Ѵ;ˆ;Ѵbmou7;u|ou;7†1;vo1b-Ѵ-m7;1omolb1bm;t†-Ѵbঞ;v-m70ub7];
|_;roˆ;u|‹]-r

ECG (Effective Career Guidance) 2.0

bˆ;m|_;v†11;vvo=|_;ƐĺƏ ‰b|_|_;r-uঞ1br-ঞomo=lou;|_-m

1om7†1|;7bmƑƏƐƕķƑĺƏ‰-v ƐƐƏ†m7;u]u-7†-|;v=uol0o|_
1om7†1|;7bmƑƏƐѶ‰_;u;|_;-mh †mbˆ;uvbঞ;vĺ$_;ruo]u-l1om|;m|
1omঞm†;7‰b|_|_;v;ub;vo=_b]_Ѵ‹Ŋ 1oˆ;u;7-0uo-7u-m];o=|orb1vbm1Ѵ†7bm]
=o1†v;71-u;;u]†b7-m1;v;vvbomv ;m|u;ru;m;†uv_brvhbѴѴvķorrou|†mbঞ;v=ou
|-u];ঞm]†m7;u]u-7†-|;v=uolv|-|; 1-u;;u7;ˆ;Ѵorl;m|-m7|u-mvbঞombm]|o
†mbˆ;uvbঞ;v-1uovv"ub-mh-ĺƑĺƏ ‰ouhbm]bm-1ourou-|;;mˆbuoml;m|ĺ
‰-vuoѴѴ;7o†|-||_;&mbˆ;uvb|‹o=
oѴol0o-m7&mbˆ;uvb|‹o=;Ѵ-mb‹-

'Soar Above The Rest, Intern With The Best' – Internship Programme For School Leavers/Undergraduates

+;|-mo|_;uom]obm]bmbঞ-ঞˆ;0‹ |o"-lr-|_-mh0u-m1_;vņ7;r-u|l;m|v
|_;-mhķ|_;ŝ"o-u0oˆ;$_;!;v|ķ -m7-u;;Šr;1|;7|o‰ouhbm-u-m];o=
m|;um)b|_$_;;v|ŝŋm|;umv_br 1uovvŊ=†m1ঞom-Ѵ-u;-vķ|_†v;m-0Ѵbm]|_;l
uo]u-ll;1omঞm†;7bmƑƏƐѶ‰b|_|_; |o7;ˆ;Ѵor|_;buvhbѴѴv-m71olr;|;m1b;vĺ
loঞˆ;o=ruoˆb7bm]v1_ooѴѴ;-ˆ;uv-m7 mƑƏƐѶ-|o|-Ѵo=Ɛķƒƒѵv1_ooѴѴ;-ˆ;uv
†m7;u]u-7†-|;v‰b|_;Šrov†u;|o|_; -m7Ƒƕƕ†m7;u]u-7†-|;v‰;u;|u-bm;7-|
1ourou-|;;mˆbuoml;m|ĺ&m7;u|_;ƐƐŊ -mbmˆ;v|l;m|o=!vƕƔĺƔmĺ
lom|_ruo]u-ll;ķbm|;umv-u;-vvb]m;7

SAMPATH SIMPLIFIED 81
SOCIAL AND
RELATIONSHIP CAPITAL

Inter School Quiz Competitions

ŝ"-lr-|_-m-v-u-ŝbv-m-mm†-Ѵt†bŒ
1olr;ঞঞom1om7†1|0‹"-lr-|_-mh
=ouv1_ooѴ1_bѴ7u;mĺmƑƏƐѶķ"-lr-|_
-mh;Ѵb-‚-u-m1_-m7-@m-u-m1_
1om7†1|;7|_;1olr;ঞঞom‰b|_|_;
r-uঞ1br-ঞomo=lou;|_-mƓƏƏv|†7;m|v
u;ru;v;mঞm]ƔƑv1_ooѴvbm|_;u;vr;1ঞˆ;
;7†1-ঞom-ѴŒom;vĺ

ś"-lr-|_-m-v-u-śbm;Ѳb-‚- ś"-lr-|_-m-v-u-śbm-@m-

'Pahe Shishyathwa' - Grade 5 Scholarship Support Programme

Ѵom]Ŋv|-m7bm]bmbঞ-ঞˆ;0‹|_;-mhķ |_;ruo]u-ll;bm1Ѵ†7;ķ7;ˆ;Ѵorbm]-m;‰
|_;ŝ-_;"_bv_‹-|_‰-ŝruo]u-ll; 1†Ѵ|†u;‰_;u;v|†7;m|v-m7|_;bur-u;m|v
v;;hv|oruoˆb7;-voѴ†ঞom|o-77u;vv †m7;uv|-m7|_;blrou|-m1;o=;7†1-ঞom
|_;r;uvbv|;m|hmo‰Ѵ;7];7bvr-ub|‹|_-| -v-l;-mvo=-1_b;ˆbm]|_;buѴb=;]o-Ѵvĺ
1omঞm†;v|o_bm7;u|_;ruo]u;vvo=Ѵo‰ mƑƏƐѶķ‰;_-ˆ;bmˆ;v|;7!vƐƏĺƔm
bm1ol;1oll†mbঞ;v-1uovv|_;1o†m|u‹ĺ =ou|_bvruo]u-ll;ĺo‰bmb|vƐƏ|_
m|_bvu;]-u7|_;ŝ-_;"_bv_‹-|_‰-ŝ 1omv;1†ঞˆ;‹;-uķ|_;ŝ-_;"_bv_‹-|_‰-ŝ
ruo]u-ll;ruoˆb7;vl†1_m;;7;7;Š-l ruo]u-ll;bv-1oѴѴ-0ou-ঞˆ;;@ou|
v†rrou||ou-7;Ɣv|†7;m|v|o-vvbv| 0;|‰;;m"-lr-|_-mh-m7;|_ ĺ
|_;l|o=-1;|_;buCuv|r†0Ѵb1;Š-lbm-ঞom
‰b|_1omC7;m1;ĺ$_;0uo-7;u]o-Ѵvo= ";lbm-u=ouv|†7;m|v

uof;1|"†ll-u‹
Year †l0;uo=";lbm-uv "|†7;m|-uঞ1br-ঞom -u;m|v-uঞ1br-ঞom

2018 07 ƖķƒƏƏ ƔķƖƏƏ

2017 07 ѵķƓƔѶ ƓķѵƑƓ

";lbm-u=our-u;m|v

Bridging the gap between academia and industry through strategic PPPs (Public-Private Partnership)

m;-uѴ‹-‹ƑƏƐѶķ|_;-mh;m|;u;7bm|o omCm-m1b-Ѵ|_;ou‹ķCm-m1b-Ѵl-uh;|vķ;|1ĺ
-;lou-m7†lo=&m7;uv|-m7bm]Ő&ő mu;|†um|_;v|†7;m|v-||_;&mbˆ;uvb|‹o=
‰b|_|_; -1†Ѵ|‹o=u-7†-|;"|†7b;vķ "ub-‹;‰-u7;m;r†u-‰bѴѴ]-bm-11;vv|o
&mbˆ;uvb|‹o="ub-‹;‰-u7;m;r†u-ķ |_;-mhĽv;Š|;mvbˆ;bm7†v|u‹hmo‰Ѵ;7];
l-uhbm]‰_-|bvv;;m-v|_;Cuv|o= -m7bmvb]_|ĺvr-u|o=|_;-]u;;l;m|ķ
-v;ub;vo=v‰b|_|_;1o†m|u‹Ľv |_;-mh_-v-Ѵvo1ollb‚;7|oo@;u
-1-7;lb-ĺ$_;&0;|‰;;m r;ubo7b1rѴ-1;l;m|v|ov|†7;m|v‰_o‰bv_
"-lr-|_-mh-m7|_;&mbˆ;uvb|‹o= |o;Šr-m7|_;buhmo‰Ѵ;7];om|_;Ѵo1-Ѵ
"ub-‹;‰-u7;m;r†u-bv-l†Ѵঞ=-1;|;7 Cm-m1b-ѴѴ-m7v1-r;ĺ
hmo‰Ѵ;7];v_-ubm]-]u;;l;m||_-|
-ѴѴo‰v|_;-mh|o-11;vv|_;†mbˆ;uvb|‹Ľv
u;vo†u1;v|o1om7†1|;Š|;mvbˆ;u;v;-u1_

82 SAMPATH BANK PLC Annual Report 2018

SOCIAL AND
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RELATIONSHIP CAPITAL
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"Building a highly-efficient and reliable network of suppliers

who see themselves as partners in our growth journey, remains a
critical priority for Sampath Bank."

"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om"o1b-Ѵ
-m7!;Ѵ-ঞomv_br-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh
COMMUNITY
SUPPLIER

Strength in
Partnerships,
Enabling Growth
v|-u|;7-vl-ѴѴ0o‚Ѵ;7‰-|;u0†vbm;vv0-1h
bm|_;‹;-uƑƏƏƏķv†rrѴ‹bm]‰-|;u0o‚Ѵ;v
bm!-|m-r†u-|o‰mĺ||_;o†|v;|ķ0;]-m
0-mhbm]‰b|_"-lr-|_-mhĸ|_;-mh_-v
1omv|-m|Ѵ‹ruoˆb7;7l;|_;=†m7bm]=oul‹
ruof;1|vvbm1;|_;ˆ;u‹bm1;rঞomĺmƑƏƏƓķ
;ˆ;m0;]-mv†rrѴ‹bm]l‹‰-|;u|o"-lr-|_
-mhĺ)b|_|_;bll;mv;v†rrou||_;-mh
_-v]bˆ;ml;ķ‰-v-0Ѵ;|o;Šr-m7]u-7†-ѴѴ‹
-m7-lruo†7|ov-‹7bv|ub0†|;l‹ruo7†1|
|o|_;;mঞu;1o†m|u‹|o7-‹ĺ

†lbm7--7l-h†l-u-!†r-vbm]_;
;-uѴ-uh;ঞm]
!-|m-r†u-

$_;1†v|ol;u;Šr;ub;m1;‰;ruoˆb7; Highlights for 2018 ruoˆb7;uv‰;u;u;t†;v|;7|oor;m

-v--mhbv|_;u;v†Ѵ|o=o†uo‰m "†rrѴb;u ;ˆ;Ѵorl;m| -11o†m|v‰b|_|_;-mhķ;m-0Ѵbm]|_;l|o
bm|;um-Ѵ;L1b;m1‹-v‰;ѴѴ-v|_;t†-Ѵb|‹ u;1;bˆ;v;‚Ѵ;l;m|v7bu;1|Ѵ‹|o|_;bu0-mh
o=v†rrѴb;uv-m7v;uˆb1;ruoˆb7;uv‰_o Primary Objective: -11o†m|vĺm-77bঞomķ|_;v;m;‰-11o†m|
-u;-h;‹r-u|o=o†uˆ-Ѵ†;1_-bmĺ;m1; u;-|;-=u-l;‰ouh|_-|‰o†Ѵ7 _oѴ7;uv‰;u;ruoˆb7;7‰b|_7;0b|-m7
0†bѴ7bm]-_b]_Ѵ‹Ŋ;L1b;m|-m7u;Ѵb-0Ѵ; =-1bѴb|-|;v†v|-bm-0Ѵ;Ѵom]Ŋ|;ul 1u;7b|1-u7v-v‰;ѴѴ-v-11;vv|o-77bঞom-Ѵ
m;|‰ouho=v†rrѴb;uv‰_ov;;|_;lv;Ѵˆ;v u;Ѵ-ঞomv_brv‰b|_v†rrѴb;uv-m7v;uˆb1; 1u;7b|=-1bѴbঞ;v0-v;7om|_;buu;1;m|
-vr-u|m;uvbmo†u]uo‰|_fo†um;‹ķ ruoˆb7;uvĺ 1u;7b|_bv|ou‹‰b|_|_;-mhĺ
u;l-bmv-1ubঞ1-Ѵruboub|‹=ou"-lr-|_
-mhĺ
Supporting the growth of SME suppliers
†u;@ou|vbm|_bvu;]-u7-u;1;m|u;7om oѴѴo‰bm]-roѴb1‹7;1bvbom|-h;mbm;-uѴ‹
0uo-7;mbm]|_;v1or;o=o†uuo1†u;l;m| ƑƏƐѶķ-ѴѴ"v†rrѴb;uv-m7v;uˆb1;
u-1ঞ1;vķ‰_b1_‰;v;;-v|_;h;‹
l-|;ub-Ѵ-vr;1|bmv|u;m]|_;mbm]o†u -|;ub-Ѵ$orb1v o1†vu;-v=ouƑƏƐѶ
"†rrѴb;u-rb|-Ѵĺ
uo1†u;l;m|u-1ঞ1;v "†rrѴb;u ;ˆ;Ѵorl;m|

SAMPATH SIMPLIFIED 83
NATURAL CAPITAL

"We also look beyond our core business to promote broader

environmental sustainability among our stakeholders, mainly
through environmentally sustainable financial solutions for our
customers and clients."
"1-m|_bv !1o7;=ou-lou;1olru;_;mvbˆ;
ˆb;‰o=o†u-m-];l;m|rruo-1_om
-|†u-Ѵ-rb|-Ѵ
‰‰‰ĺv-lr-|_ĺѴh
COMMUNITY

Ѵ|_o†]_"-lr-|_-mhbv-v;uˆb1;
ou]-mbv-ঞomķ‰;u;-Ѵbv;|_-|o†u-1ঞˆbঞ;v
_-ˆ;-mblr-1|om|_;;mˆbuoml;m|
7bu;1|Ѵ‹|_uo†]_|_;7-‹Ŋ|oŊ7-‹†v;o=
;m;u]‹-m7r-r;u-1uovvo†u0u-m1_
m;|‰ouh-m7_;-7oL1;-v‰;ѴѴ-v
bm7bu;1|Ѵ‹|_uo†]_o†uѴ;m7bm]or;u-ঞomvĺ
;m1;‰;-rru;1b-|;|_;blrou|-m1;
o=b7;mঞ=‹bm]-m7l;-v†ubm]|_;
;mˆbuoml;m|-Ѵblr-1|vo=o†u-1ঞˆbঞ;v
-m7†m7;uv|-m7b|bvo†uu;vromvb0bѴb|‹
|olbঞ]-|;|_;v;7bu;1|blr-1|v-v
l†1_-vrovvb0Ѵ;ĺm|_bv1om|;Š|ķ‰;
1omঞm†;|o‰ouh|o‰-u7v1om|uoѴѴbm]o†u
;mˆbuoml;m|-Ѵ=oo|rubm|-m7bm7obm]vo
|-h;-1ঞom|o-77u;vv|_;-u;-v7;;l;7
lov|l-|;ub-Ѵ|oo†u0†vbm;vv-v-0-mhĺ

);-ѴvoѴooh0;‹om7o†u1ou;0†vbm;vv
v†v|-bm-0Ѵ;Cm-m1b-ѴvoѴ†ঞomv=ouo†u 0‹;m1o†u-]bm]|_;l|obl0b0;|_;
|oruolo|;0uo-7;u;mˆbuoml;m|-Ѵ
1†v|ol;uv-m71Ѵb;m|vĺ †u|_;ulou;‰; "-lr-|_-mhŝmˆbuoml;m|-ѴѴ;7];ŝ-v
v†v|-bm-0bѴb|‹ķ-lom]o†uv|-h;_oѴ7;uv
v|ubˆ;|obm1†Ѵ1-|;-m;mˆbuoml;m|-ѴѴ‹Ŋ r-u|o=|_;bu‰ouh;|_b1ĺ
l-bmѴ‹|_uo†]_;mˆbuoml;m|-ѴѴ‹
1omv1bo†vlbm7v;|-lom]-ѴѴ;lrѴo‹;;v

m;u]‹-m-];l;m|

lbvvbom-m-];l;m|

-|;ub-Ѵ$orb1v
o1†vu;-v
)-v|;-m-];l;m|
mˆbuoml;m|-Ѵ
-m-];l;m|
!;vromvb0Ѵ;;m7bm]

mˆbuoml;m|-Ѵ"!

84 SAMPATH BANK PLC Annual Report 2018

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Highlights for 2018 Carbon Footprint Calculation GRIƒƏƔŊƐķƑķƒķƓķƔķƕ

m;u]‹-m-];l;m| vv;vvl;m|$‹r; Ĺ u]-mbv-ঞom-Ѵu;;m_o†v;-vvv;vvl;m|

Primary Objective: rrѴb;7"|-m7-u7v Ĺ "ƐƓƏѵƓŊƐĹƑƏƏѵ

  b[_-vv;vvl;m|u;rou|ŐƔ!őo=ķƑƏƏѵ
rঞlbv;;m;u]‹1omv†lrঞom0‹ !;rouঞm];ubo7 Ĺ ƏƐĺƏƐĺƑƏƐѶŋƒƐĺƐƑĺƑƏƐѶ
bmˆ;vঞm]bm;m;u]‹;L1b;m|voѴ†ঞomv
-v;+;-u Ĺ ƑƏƐѵ
-m7-Ѵ|;um-ঞˆ;;m;u]‹vo†u1;vĺ
"1or; lbvvbomvŐ|Ƒ;őbmƑƏƐѶ
v-_b]_Ѵ‹Ŋruo]u;vvbˆ;0-mhķ"-lr-|_
$o|-Ѵ COƑ  ƑO Ɠ  v
-mhbv1ollb‚;7|obmˆ;v|bm|_;Ѵ-|;v|
lbvvbomv
|;1_moѴo]b1-Ѵbm=u-v|u†1|†u;bmou7;u
|ov|-‹-_;-7o=|_;1†uˆ;ĺv-u;v†Ѵ|ķ bu;1|lbvvbomvŐ"1or;Ɛő ƐķƔƓƏ ƐķƒѵƏ 17 10 ƐƔƒ
|_;-mhĽv7;l-m7=ou;Ѵ;1|ub1b|‹_-v m7bu;1|lbvvbomvŐ"1or;Ƒő ƕķƓƕƐ ƕķƓƕƐ Ŋ Ŋ Ŋ
]uo‰m;Šrom;mঞ-ѴѴ‹oˆ;u|_;r-v|=;‰ |_;um7bu;1|lbvvbomv
‹;-uvķruolrঞm]‰b7;vru;-7;m;u]‹ Ő"1or;ƒő ƑķƑƔƏ ƑķƑƐƔ Ɛѵ ƐƖ Ŋ
l-m-];l;m|bmbঞ-ঞˆ;v|oblruoˆ; $o|-Ѵlbvvbomv ƐƐķƑѵƐ ƐƐķƏƓѵ 33 ƑƖ ƐƔƒ
;L1b;m1‹-m7u;7†1;†v-];‰_;u; lbvvbomr;ulrѴo‹;; Ƒĺƕ
rovvb0Ѵ;-m7ru-1ঞ1-Ѵĺ
ƑƏƐѶ ƑƏƐƕ !;7†1ঞom
Renewable Energy Migration Project $o|-Ѵ;lbvvbomvŐ|2;ő ƐƐķƑѵƐ ƐƑķƒƖƖ ƐķƐƒѶ
†bѴ7bm]om|_;;m;u]‹l-m-];l;m| lbvvbomvo@v;|-|;-7L1;Ő|2;ő ƓķƏƔƑ Ŋ
bmbঞ-ঞˆ;v|-h;moˆ;u|_;r-v|=;‰ ;|;lbvvbomvŐ|2;ő ƕķƑƏƖ Ŋ
‹;-uvķ;@ou|v=ouƑƏƐѶ=o1†v;7om
blruoˆbm];m;u]‹;L1b;m1‹-1uovv|_; GRIƒƏƑŊƐķƑķƒķƓ

0u-m1_m;|‰ouhĺomঞm†bm]‰b|_|_; m;u]‹omv†lrঞom
!;m;‰-0Ѵ;m;u]‹b]u-ঞomruof;1| "o†u1;vĹ!;m;‰-0Ѵ;şom!;m;‰-0Ѵ;
-bl;7-|1omˆ;uঞm]0u-m1_;v|ovoѴ-u
Ѵ;1|ub1b|‹ ;-ঞm] ooѴbm] Steam "oѴ-uo‰;u
ro‰;u;70u-m1_;vĺmƑƏƐѶķ|_u;;m;‰
voѴ-ubmv|-ѴѴ-ঞomv‰;u;1olrѴ;|;7-||_; omv†lrঞom ƒķƔƐƔķƖѵƑh)_
;]ol0o"†r;u0u-m1_ķ-u-_;mrb|- Ő;-7L1;ő No No No No
0u-m1_-m7);ѴѴ-‰-‚;"†r;u0u-m1_ķ Sold No No No No No
0ubm]bm]|_;|o|-Ѵm†l0;uo=voѴ-uŊ !;7†1ঞomvņ
ro‰;u;70u-m1_;v|oCˆ;0‹ƒƐv| "-ˆbm]v Ŋ Ŋ Ŋ Ŋ ƖƔķƒƐƕh)_
;1;l0;uƑƏƐѶĺ@ou|v|ou;rѴ-1; &vbm]-m‹v|-m7-u7vņl;|_o7oѴo]‹-m7-vv†lrঞomv†v;7 Ĺo
1omˆ;mঞom-ѴѴb]_ঞm]‰b|_ voѴ†ঞomv &vbm]-m‹1omˆ;uvbomu-|;v Ĺo
‰;u;-Ѵvo;Šr;7b|;7†m7;u|_;om]obm] m;u]‹†v;7o†|vb7;o=|_;ou]-mbv-ঞom Ĺo
0u-m1_u;=†u0bv_l;m|ruo]u-ll;ķ‰b|_ ƑƏƐѶ
oˆ;uƔƏѷo=|_;m;|‰ouhor;u-ঞm]om
m;u]‹m|;mvb|‹!-ঞoŐ;-7L1;őŊѴ;1|ub1b|‹1omv†lrঞomr;u
 Ѵb]_ঞm]-v-|;m7o= ;1;l0;u
;lrѴo‹;;r;u-mm†l ƒķƏƐƏh)_
ƑƏƐѶĺ;-m‰_bѴ;|oru;ˆ;m|_b]_;m;u]‹
1omv†lrঞom7†;|o-];bm];t†brl;m|ķ ;-v†ubm]|_;o†|1ol;o=;m;u]‹ bm|;um-ঞom-Ѵv|-m7-u7vĺ11ou7bm]Ѵ‹|_;
-1om1;u|;7;@ou|‰-vl-7;|ou;rѴ-1; 1omv†lrঞomķŝu;;m_o†v;-vŐőŝ -mhĽv1-u0om=oo|rubm|bv1-Ѵ1†Ѵ-|;7
1omˆ;mঞom-Ѵ-bu1om7bঞombm]‰b|_ ;lbvvbomv|_-||ub]];u]Ѵo0-Ѵ1Ѵbl-|; -mm†-ѴѴ‹†vbm]|_;]†b7;Ѵbm;vvঞr†Ѵ-|;7
m;‰;m;u]‹Ŋ;L1b;m|bmˆ;u|;u†mb|v-| 1_-m];ķbvom;o=|_;h;‹|ooѴvbm"-lr-|_ †m7;u|_;uo|o1oѴķ‰_b1_l;-v†u;v
-ѴѴ0u-m1_;vѴo1-|;7om-mhŊo‰m;7 -mhĽv;mˆbuoml;m|-Ѵl-m-];l;m|lo7;Ѵĺ -ѴѴ7bu;1|;lbvvbomv†m7;u"1or;Ɛ-m7
ru;lbv;vĺ ;-v†ubm];lbvvbomv_;Ѵrv|_;-mh|o bm7bu;1|;lbvvbomv=uolr†u1_-v;7
]-†];|_;;@;1ঞˆ;m;vvo=b|v;m;u]‹ ;Ѵ;1|ub1b|‹†m7;u"1or;Ƒ-m7o|_;u
lbvvbom-m-];l;m|
l-m-];l;m|;@ou|v-m7bv-Ѵvov;;m-v bm7bu;1|;lbvvbomv†m7;u"1or;ƒĺ$_;
Primary Objective: |_;h;‹|o0;bm]1;uঞC;7-v-1-u0om -mh=†u|_;uv;;hv|_;v;uˆb1;vo=Ѵbl-|;
m;†|u-Ѵou]-mbv-ঞomĺ-ˆbm]|-h;m|_; "l-u|mbঞ-ঞˆ;vŐˆ|őblb|;7|o1om7†1|
om|ub0†|;|o‰-u7v-Ѵo‰Ŋ1-u0om Cuv|v|;rv|o‰-u7v-1_b;ˆbm]|_bv]o-Ѵķ -mbm7;r;m7;m|-mm†-Ѵˆ;ubC1-ঞomo=
;1omol‹0‹-1_b;ˆbm]1-u0omm;†|u-Ѵ |_;-mh_-vvbm1;ƑƏƐƒ†m7;u|-h;m|o |_;u;v†Ѵ|v-m7l;|_o7oѴo]b;v†v;7bm
v|-|†vĺ l;-v†u;-m7u;rou|omb|v]u;;mŊ_o†v; -11ou7-m1;‰b|_"ƐƓƏѵƓŊƐĹƑƏƏѵ
]-v;lbvvbombm1olrѴb-m1;‰b|_|_; v|-m7-u7ĺ

SAMPATH SIMPLIFIED 85
NATURAL CAPITAL

$om;†|u-Ѵbv;1-u0om;lbvvbomvo="-lr-|_
-mhĽv;-7L1;0;bm];t†bˆ-Ѵ;m|
|oƓķƏƔƑ|2;ķ|_;-mhbmˆ;v|;7bm-
_‹7uo;Ѵ;1|ub1ruof;1|u;]bv|;u;7†m7;u
&mb|;7-ঞomvĽ u;]bv|u‹Ő ƑѵƖѶő
0‹r†u1_-vbm];uঞC;7lbvvbomv
!;7†1ঞomvŐ!vőĺ$_;loˆ;=oulvr-u|
o=|_;0uo-7;uo0f;1ঞˆ;|o0;u;1o]mbv;7
-v-1-u0omm;†|u-Ѵou]-mbv-ঞomĺ †u|_;u
;lr_-vbvbm]|_bv1ollb|l;m|ķ"-lr-|_
-mhŝvm|;]u-|;7mm†-Ѵ!;rou|ƑƏƐѶ
_-v0;;m7;1Ѵ-u;7-v-1-u0omm;†|u-Ѵ
ruo7†1|ĺ

GHG Inventory
%
2
1
3
66
7

12

Electricity Consumpon
Employee Commung - Fuel
not Paid by the Bank
Rent Vehicles - Fuel Paid by the Bank
Transmission and Distribuon Loss
Employee Commung - Fuel Paid
by the Bank
Refrigerant Leakage
Others o‰;ˆ;uķbmou7;u|olbmblbv;|_;r-r;u 1-u7-m7-rrѴb1-ঞomruo1;vvķ-lom]
‰-v|;];m;u-|;7;-1_7-‹ķ|_;-mh o|_;uvĺ_-v;Ɛo=|_;7b]b|-Ѵ-u1_bˆbm]
_-vbmu;1;m|ঞl;v0;]†m=o1†vbm]om v‹v|;l-Ѵvo1oll;m1;77†ubm]|_;‹;-uķ
Waste Management GRIƒƏѵŊƐķƑ r-r;uѴ;vvvoѴ†ঞomv|_-|‰o†Ѵ7u;7†1; ‰b|_1†v|ol;ubm=oul-ঞom0;bm]7b]b|-ѴѴ‹
b=mo|1olrѴ;|;Ѵ‹;Ѵblbm-|;|_;†v; -u1_bˆ;7bm-v;1†u;;mˆbuoml;m|-m7
Primary Objective: o=r-r;uĺ"r;-u_;-7;70‹|_;-mhĽv l-7;-11;vvb0Ѵ;bm|;um-ѴѴ‹|ou;Ѵ;ˆ-m|
;ˆ;Ѵorv†v|-bm-0Ѵ;voѴ†ঞomv|o 7b]b|-Ѵbv-ঞom-];m7-ķ-m†l0;uo=h;‹ v|-@|_uo†]_|_; bѴ;;|7-|-v_-ubm]
1om|uoѴ|_;†v;o=bm|;um-Ѵ-m7;Š|;um-Ѵ ruo1;vv;v‰;u;7b]b|-Ѵbv;7bmƑƏƐѶķ rѴ-oulĺomv;t†;m|Ѵ‹ķ|_;m;;7=ou
†v;o=r-r;ubm|_;7-‹Ŋ|oŊ7-‹ ‰_b1_bm1Ѵ†7;|_;1†v|ol;uomŊ0o-u7bm] r-r;u†v-];bm;-1_o=|_;v;ruo1;vv;v
or;u-ঞomvo=|_;-mh ruo1;vvķ|_; bvv†bm]ruo1;vvķ|_; _-v0;;m1†|0‹ƖƏѷķbm|†um1om|ub0†ঞm]
‰;01-u7bvv†-m1;ruo1;vvķ|_;1u;7b| |o-vb]mbC1-m|u;7†1ঞombm|_;-mhĽv
$_;-mhĽvrubl-u‹‰-v|;ruo7†1|bv oˆ;u-ѴѴr-r;u1omv†lrঞomr;ulom|_ĺ
r-r;uĺ$_;7bvrov-Ѵo=r-r;u‰-v|;bv
Water Discharge
1om|u-1|;7o†||_uo†]_-Ѵom]|;ul
-]u;;l;m|‰b|_;r|†m;!;1‹1Ѵ;uvŐˆ|ĺő ƑƏƐѶ ƑƏƐƕ
|7ķ-;m|u-Ѵmˆbuoml;m|-Ѵ†|_oub|‹ )-|;u7bv1_-u];7Ő;-7L1;ő ƓƐķƐƓƓlƒ ƓƑķѶѵƏlƒ
Őő-rruoˆ;7‰-v|;7bvrov-Ѵ1om|u-1|ouĺ )-|;uvo†u1; †mb1br-Ѵ)-|;u"†rrѴ‹
†ubm]|_;‹;-uķƐƓѶķѵƔƓ]o=‰-v|; o|;‫;ث‬bm]-v;uˆb1;ou]-mbv-ࢼomĶ‰-|;ubvmo|-l-|;ub-Ѳ-vr;1||o†vĸ$_;u;=ou;Ķ‰-|;ubv
r-r;uv‰;u;u;1‹1Ѵ;7ĺ †v;7omѲ‹=ou];m;u-Ѳr†urov;vĸ

86 SAMPATH BANK PLC Annual Report 2018

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mo|_;uvb]mbC1-m|lbѴ;v|om;bm|_; $_;-mho@;uv-vr;1b-Ѵ1u;7b|Ѵbm; m-77bঞomķ-v;r-u-|;]u;;mѴ;m7bm]

-mhĽvr-r;uѴ;vvfo†um;‹‰-v|_;Ѵ-†m1_ |oruolo|;Ѵ-u];Ŋv1-Ѵ;bmˆ;v|l;m|vbm v1_;l;bv-ˆ-bѴ-0Ѵ;|o;m1o†u-];u;|-bѴ
o=|_;"-lr-|_-mhvѴbrŊѴ;vv0-mhbm] ruof;1|v|_-|=o1†vom;m;u]‹;L1b;m1‹ķ 1†v|ol;uv|olb]u-|;|o‰-u7vu;m;‰-0Ѵ;
-rrbm-‹ƑƏƐѶķv;;m-v|_;Cuv|v|;r u;m;‰-0Ѵ;;m;u]‹-m7;mˆbuoml;m|-Ѵ ;m;u]‹voѴ†ঞomvĺ
|o‰-u7vr;ul-m;m|Ѵ‹;Ѵblbm-ঞm]|_; ruo|;1ঞomĺm=-1|"-lr-|_-mh_-v
†v;o=r-r;uvѴbrv=ouuo†ঞm;0-mhbm] u;l-bm;7-Ѵ;-7bm]1om|ub0†|ou|o|_; Environmental CSR
|u-mv-1ঞomvĺ 1o†m|u‹Ľvu;m;‰-0Ѵ;;m;u]‹v;1|ou Primary Objective:
0‹Cm-m1bm]omˆ-ubo†v1Ѵ;-m;m;u]‹
Responsible Lending ruof;1|vĺ Ɛĺ u;-|;-m;mˆbuoml;m|-ѴѴ‹Ŋ
1omv1bo†vvo1b;|‹ĺ
Primary Objective: Power "|-ঞvঞ1v=ouƑƏƐѶ
-|;]ou‹ Ƒĺ om|ub0†|;|o‰-u7vm-ঞom-Ѵ
"†rrou||_;m-ঞom-Ѵu;m;‰-0Ѵ;;m;u]‹ oĺo= -r-1b|‹ o-m(-Ѵ†;
;mˆbuoml;m|-Ѵ1omv;uˆ-ঞom;@ou|vĺ
bmbঞ-ঞˆ;ĺ uof;1|v Ő)ő !vm
‹7uo ƏƓ ƏƔ ƕѶƔ
Solar 02 02 220 †ubm]|_;‹;-uƑƏƐѶķ|_;-mh_-v
bmˆ;v|;7omv;ˆ;u-Ѵmˆbuoml;m|-Ѵ"!
)bm7 01 10 ѵƏƏ
ruo]u-ll;vĺ;‹bmbঞ-ঞˆ;v-u;o†|Ѵbm;7
0;Ѵo‰Ĺ

1. 'Sampath Green Inventor'

$_;ŝ"-lr-|_u;;mmˆ;m|ouŝ
Project Outcomes
ruo]u-ll;bv-m-ঞom-ѴѴ;ˆ;Ѵ1olr;ঞঞom
bmbঞ-|;70‹"-lr-|_-mh‰b|_|_; ƑƔ‰bmm;uv‰;u;-‰-u7;7o†|o=ƐƖƖ
7†-Ѵ-blo=ruoloঞm]-m;‰0u;;7o= 1om|;v|-m|vŐbm7bˆb7†-Ѵ-m7]uo†rvő
]u;;m;m|u;ru;m;†uv-m70†bѴ7bm]-m =uolƐƕv|-|;-m7rubˆ-|;†mbˆ;uvbঞ;v
;mˆbuoml;m|-ѴѴ‹Ŋ1omv1bo†vvo1b-Ѵ1†Ѵ|†u; ‰_oru;v;m|;7bmmoˆ-ঞomv†m7;u
-lom]‹o†|_ĺ$_;ruof;1||-u];|v =oѴѴo‰bm]|_;l;vĹ
"ub-mh-m†m7;u]u-7†-|;v=uolv|-|;
Ŏ o†v;_oѴ7)-v|;-m-];l;m|-m7
-m7rubˆ-|;†mbˆ;uvbঞ;v-rruoˆ;70‹
m;u]‹"-ˆbm]"‹v|;lvŐ$;1_moѴo]‹
&mbˆ;uvb|‹u-m|vollbvvbomo=
"‹v|;lvķboѴo]b1-Ѵ"‹v|;lvķ
"ub-mh-ĺ$_;ruo]u-ll;‰-v7;vb]m;7
"1b;mঞC1rrѴb1-ঞomvő
|oo@;ur-uঞ1br-m|v-morrou|†mb|‹|o )bmm;uv‰b|_|_;r-m;Ѳo=f†7];v
v_o‰1-v;|_;bu;1oŊ=ub;m7Ѵ‹bmmoˆ-ঞomvķ Ŏ ]ub1†Ѵ|†u-Ѵ"‹v|;l
‰b|_v_ou|Ѵbv|;71-m7b7-|;v0;m;Cঞm]
Ŏ m=oul-ঞom"‹v|;lvŐo0bѴ;
=uol|_;ŝu;;mmˆ;m|ouŝ‰ouhv_or
rrѴb1-ঞomvķ"o[‰-u;Ѵ-oulvő
v;ub;vķ‰_b1_]-ˆ;|_;l-11;vv|o
ruo=;vvbom-Ѵ-7ˆb1;-m7]†b7-m1;|o Ŏ u;;m ;vb]mvŐ!;1Ѵ-bl;7)oo7ķ
Cm;Ŋ|†m;|_;buv†0lbvvbomvbmru;r-u-ঞom u;;m†bѴ7bm]ő
=ou|_;Cm-Ѵuo†m7ĺ
Ŏ bv-v|;u-m-];l;m|"‹v|;lv

ou-rrѴb1-m|vr†uv†bm]r-|;m|ub]_|v=ou Ŏ -|†u-Ѵ_-ul-1;†ঞ1-Ѵuo7†1|v
|_;buruo7†1|vķ-77bঞom-Ѵ-vvbv|-m1;‰-v
Ŏ ;-Ѵ|_ oo7uo7†1|v
ruoˆb7;7bmr-u|m;uv_br‰b|_"ub-mh-
mˆ;m|ouvollbvvbomķ‰_bѴ;-v;Ѵ;1|;7 Ŏ mˆbuoml;m|-Ѵomv;uˆ-ঞom
=;‰_-7|_;orrou|†mb|‹|oru;v;m| om1;r|v )bmm;uo=|_;ś"-lr-|_u;;mmˆ;m|ouś
|_;bubmˆ;mঞomv|_uo†]_ŝ|_-ˆ†u-ŝ 1olr;ࢼࢼom

ruo]u-ll;]bˆbm]|_;l-11;vv|ov;;7
=†m7bm]|o0;]bm1oll;u1b-Ѵruo7†1ঞomĺ

SAMPATH SIMPLIFIED 87
NATURAL CAPITAL

2. 'Sampath Green School'

mom]obm]]u-vvŊuoo|Ѵ;ˆ;Ѵbmbঞ-ঞˆ;0‹ Ŏ olru;_;mvbˆ;1Ѵ;-mbm]ruo]u-ll;
|_;-mhķ|_;ŝ"-lr-|_u;;m"1_ooѴŝ 1oˆ;ubm];-1_r-u|o=|_;v1_ooѴ‰b|_
ruof;1|-blv|om†u|†u;]u;;m;|_b1v |_;-vvbv|-m1;o=1Ѵ;-mbm]v|-@ĺ
-lom]|_;v1_ooѴ1oll†mb|‹ĺ!oѴѴ;7
Ŏ omv|u†1ঞomņ-ѴѴo1-ঞomo=-v†b|-0Ѵ;
o†|-|v;Ѵ;1|;7v1_ooѴv-1uovv|_;
Ѵo1-ঞom‰b|_bm|_;v1_ooѴ|o7bvrov;
1o†m|u‹ķ|_;ruof;1|v1or;bm1Ѵ†7;v-
bm|;um-ѴѴ‹1oѴѴ;1|;7-m7ruor;uѴ‹
v;ub;vo=-‰-u;m;vv‰ouhv_orv1o†rѴ;7
v;]u;]-|;7‰-v|;|o=-1bѴb|-|;
‰b|_v;ˆ;u-Ѵ-77bঞom-Ѵ1-r-1b|‹0†bѴ7bm]
u;loˆbm]‰-v|;=uol|_;v1_ooѴĺ
bmbঞ-ঞˆ;v|_-|=o1†vom7;ˆ;Ѵorbm]
-rruorub-|;‰-v|;l-m-];l;m|_-0b|v $_;bmbঞ-Ѵŝ"-lr-|_u;;m"1_ooѴŝ
-lom]v|-@-m7v|†7;m|v-m7-Ѵvo ruof;1|=ouƑƏƐѶ‰-v1-uub;7o†|-||_;
v|u;-lѴbm;|_;‰-v|;1oѴѴ;1ঞom-m7 ņ"-m7bѴbr-‹bm7†"1_ooѴķ-mbr-‹ ś"-lr-|_u;;m"1_ooѲśňń"-m7bѲbr-‹bm7†
v;]u;]-ঞomruo1;vv‰b|_bm|_;v1_ooѴ bm|_;-@m- bv|ub1|‰b|_-v|†7;m| "1_ooѲĶ-mbr-‹
v‹v|;lĺ$_;l-bmruof;1|-1ঞˆbঞ;v ror†Ѵ-ঞomo=ƐķƕƔƏ-m7-1-7;lb1v|-@
bm1Ѵ†7;ĸ o=ƓƏĺ$_;v;1om7ruof;1|‰-v1om7†1|;7
-||_;-m7-u-m-‹-h;;m|u-ѴoѴѴ;];ķ
Ŏ om7†1ঞm]-‰-u;m;vvruo]u-ll;v (;‹-m]o7-=ouƒķƔƏƏv|†7;m|v-m7ƐƔƏ
=ou|_;v|†7;m|vbm1Ѵ†7bm]l;l0;uv -1-7;lb1v|-@ĺ
o=|_;ru;=;1|vĽ]†bѴ7-m7l;l0;uvo=
;mˆbuoml;m|vo1b;|‹-m7|;-1_;uvo=
|_;v1_ooѴĺ

ś"-lr-|_u;;m"1_ooѲśʼn-m7-u-m-‹-h;;m|u-Ѳ
oѲѲ;];Ķ(;‹-m]o7-

3. 'Sampath Green Day'

buv|bmbঞ-|;7bmƑƏƐƒķŝ"-lr-|_u;;m |o];|bmˆoѴˆ;7bm]-u7;mbm]0‹1u;-ঞm] l-bm|-bm-‰;;hѴ‹ruo]u;vvu;rou|ĺ$_;‹
-‹ŝbv-m-mm†-Ѵ;ˆ;m|ou]-mbv;70‹|_; lbmb-|†u;ķv;Ѵ=Ŋv†v|-bmbm]_ol;]-u7;mvķ -u;|_;m;Šr;1|;7|o†v;|_bvbm=oul-ঞom
"-lr-|_-mh-|†u;uo|;1ঞomѴ†0 ‰_bѴ;|_;v;1om71olr;ঞঞomķŝ-v-b |o7;lomv|u-|;;b|_;u|_uo†]_-m;vv-‹
Ő"-ő|ol-uh‰ouѴ7;mˆbuoml;m|7-‹ -l-bŝķ-blv|obmvrbu;1_bѴ7u;mo= ou-mbѴѴ†v|u-ঞom‰_-||_;‹_-ˆ;Ѵ;-um;7
om†m;Ɣ|_;-1_‹;-uĺ$_;ŝ"-lr-|_ ;lrѴo‹;;v|o1-u;=ou-|u;;v-rѴbm]-m7 ‰_bѴ;1-ubm]=ou|_;v-rѴbm]ĺ
u;;m -‹ŝ1;Ѵ;0u-ঞomv=ouƑƏƐѶ‰;u;
ou]-mbv;7†m7;u|_;|_;l;ľ;|ŝv"|ubˆ;
=ou-u;;m;u"†uuo†m7bm]Ŀĺ$_;l-bm
;ˆ;m|ķ‰_b1_‰-v_;Ѵ7-||_;"-lr-|_
-mh-†7b|oub†lbm†m;ƑƏƐѶķbm1Ѵ†7;7
v;ˆ;u-Ѵru;v;m|-ঞomvķbm|;u-1ঞˆ;
v;vvbomv-m7-]†;v|Ѵ;1|†u;-m7-Ѵvo
v-‰|‰o1olr;ঞঞomv0;bm]Ѵ-†m1_;7
=ou"-lr-|_-mh|;-ll;l0;uv
-m7|_;bu1_bѴ7u;mĺ$_;Cuv|ķŝ"-lr-|_
;‰-|_|_-ŝķ;m1o†u-];v|;-ll;l0;uv

-m-]bm] bu;1|ouĶu-m7- ;um-m7o -m7bm]oˆ;u-v-rѲbm]|o-v|†7;m|

-77u;vvbm]|_;]-|_;ubm]

88 SAMPATH BANK PLC Annual Report 2018

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4. Biodiversity Conservation Project

m-‹ƑƏƐѶķ|_;-mh;m|;u;7bm|o- ;1oѴo]b1-Ѵ=†m1ঞomvķ_-0b|-|t†-Ѵb|‹ķ
o&‰b|_bo7bˆ;uvb|‹"ub-mh-Ő"ő vr;1b;v7bˆ;uvb|‹-m7bm1u;-vbm]b|v
-vr-u|o=-Ѵom]Ŋ|;ul0bo7bˆ;uvb|‹ 1-r-1b|‹|oruoˆb7;0bo7bˆ;uvb|‹-m7
1omv;uˆ-ঞom;@ou|ĺ$_;Cuv|r_-v; ;1ov‹v|;lv;uˆb1;vbm1Ѵov;-rruoŠbl-ঞom
o=|_bvruof;1|ķ‰_b1_1oll;m1;7bm |o‰_-|ru;ˆ-bѴv-||_;m;-u0‹u-bm=ou;v|ĺ
†]†v|ƑƏƐѶ‰bѴѴv;;|_;7;ˆ;Ѵorl;m|
o=|_;0bo7bˆ;uvb|‹0-v;Ѵbm;-Ѵom]‰b|_- -u-ѴѴ;Ѵ|o|_;u;v|ou-ঞom;@ou|ķ|_;
l-m-];l;m|rѴ-m|ou;v|ou;|_;7;]u-7;7 ruof;1|‰bѴѴ=o1†vom7;ˆ;Ѵorbm]-
=ou;v|r-|1_o=ƐƏ_-bm-Ѵ]-_-‰-Ѵ-ķ 0bo7bˆ;uvb|‹1u;7b|-11u†-Ѵv‹v|;lbm
r-|_-ĺ)b|_|_;]†b7-m1;o=|_; ou;v| 1omv†Ѵ|-ঞom‰b|_m-ঞom-Ѵ-];m1b;vĺ
;r-u|l;m|o="ub-mh--m7|;1_mb1-Ѵ $_;†Ѵঞl-|;]o-Ѵ_;u;bv|ov†rrou||_;
;Šr;uঞv;o0|-bm;7=uolm|;um-ঞom-Ѵ 7;ˆ;Ѵorl;m|o=roѴb1b;v-m7|ooѴv|o b;Ѳ7ˆbvb||o-Ѳ]-_-‰-Ѳ-Ķr-|_-
&mbom=ouomv;uˆ-ঞomo=-|†u;Ő&őķ †ঞѴbv;|_;-11u†;71u;7b|vbm-v†v|-bm-0Ѵ;
|_;ruof;1|-blv|ou;v|ou;|_bv_b]_Ѵ‹ l-mm;uĺ
7;]u-7;7u-bm=ou;v|0‹;m_-m1bm]b|v

5. Landscaping Project
"-lr-|_-mhr-u|m;u;7‰b|_|_; vblbѴ-uruof;1|‰-v1om7†1|;7bmƑƏƐƔ
-ঞom-Ѵmvঞ|†|;o=;m|-Ѵ;-Ѵ|_ķ -||_;-ঞom-Ѵovrb|-Ѵo="ub-mh-
†ѴѴ;ub‹-‰-;‰$o‰m|o†m7;u|-h;- ‰_;u;|_;-mh†m7;u|ooh|oѴ-m7v1-r;
Ѵ-m7v1-rbm]ruof;1||oblruoˆ;|_;]-u7;m |_;şŒom;vo=|_;_ovrb|-Ѵ]-u7;mĺ
-u;-v†uuo†m7bm]|_;_ovrb|-Ѵ-|-1ov|o= $_;-mh1omঞm†;v|ov†rrou||_;
!vƏĺƕmĺ$_;ruof;1|‰-v†m7;u|-h;m om]obm]l-bm|;m-m1;-m7†rh;;ro=|_bv
‰b|_|_;bm|;mঞomo=1u;-ঞm]-1-Ѵlķ ruof;1|ĺ
1Ѵ;-m-m70;-†ঞ=†Ѵ;mˆbuoml;m||_-|
‰bѴѴ_;Ѵr|o-ѴѴ;ˆb-|;v|u;vv-m7v†rrou|
_;-Ѵbm]-m7u;1oˆ;u‹o=|_;l;m|-Ѵ_;-Ѵ|_
o=oˆ;uƐķƔƏƏr-ঞ;m|vu;vb7bm]-||_;
_ovrb|-Ѵĺ

Environmental CSR - Summary GRIƓƐƒŊƐ

uof;1| mˆ;v|l;m| oĺo=;m;C1b-ub;v lrѴo‹;;

m]-];l;m|Őoĺ
o=(oѴ†m|;;u;7
Ő!vmő lrѴo‹;;vő

ŝ"-lr-|_u;;mmˆ;m|ouŝ Ƒĺƒ ƖƔ&m7;u]u-7†-|;v ƐƔ

ŝ-ubv-u-‹-|-)bm-7b‹-hŝ‰-u;m;vvuo]u-ll; ƐĺѶ rruoŠbl-|;Ѵ‹ƑƏƏķƏƏƏ ѵ
bo7bˆ;uvb|‹omv;uˆ-ঞomuof;1| ƐĺƑ m]obm]ruof;1| ѵ
-m7v1-rbm]uof;1|-|-ঞom-Ѵmvঞ|†|;o=;m|-Ѵovrb|-Ѵ Əĺƕ rruoŠbl-|;Ѵ‹ƐķƔƏƏ ѵ
ŝ"-lr-|_u;;m"1_ooѴŝ Əĺƒ rruoŠbl-|;Ѵ‹ƔķƐƔƏ ƑƖ
ŝ"-lr-|_u;;m -‹ŝ ƏĺƐ ƔƏ 21
|_;u ƐĺƐ rruoŠbl-|;Ѵ‹ƖķѵѶƖ ƒƏƓ

SAMPATH SIMPLIFIED 89
$! ҃ $)
CAPITALS
bˆ;m|_-|o†ubmˆ;v|l;m|vv|u-|;]‹bv );u;l-bm1-†ঞo†vo=|_;m;;7|o
;Š;1†|;7|_uo†]_|_;vbŠ1ou;1-rb|-Ѵvķ lbmblbv;|_;ro|;mঞ-Ѵ|u-7;Ŋo@ķ-m7
‰;-u;o[;mu;t†bu;7|o1omvb7;u|_; |_;u;=ou;;mv†u;o†u7;1bvbomv-u;0-v;7
ro|;mঞ-Ѵ|u-7;Ŋo@v0;|‰;;m1-rb|-Ѵv|_-| omvoѴb7=†m7-l;m|-Ѵvķ-vv_o‰mbm|_;
-ubv;-v-u;v†Ѵ|o=o†u7;1bvbomvĺ =oѴѴo‰bm];Š-lrѴ;v=ouƑƏƐѶĺ

u;- $u-7;Ŋo@ -rb|-Ѵv@;1|;7

mˆ;v|l;m|bm|_;vѴbrŊ )_bѴ;|_;u;‰-v-1ov|bmˆoѴˆ;7bm|_; bm-m1b-Ѵ-rb|-Ѵ

Ѵ;vv0-mhbm]-rr†m7;u 7;ˆ;Ѵorl;m|-m7uoѴѴo†|o=|_;vѴbrŊѴ;vv
"o1b-Ѵ-m7!;Ѵ-ঞomv_br-rb|-ѴŐ†v|ol;uő
|_;0u-m1_7b]b|-Ѵbv-ঞom 0-mhbm]-rrķ|_;0;m;C|vo†|‰;b]_|_;
ruo]u-ll; 1ov|vĸbmr-uঞ1†Ѵ-u7†;|o|_;1om|ub0†ঞom -|†u-Ѵ-rb|-Ѵ
|o1†v|ol;u1omˆ;mb;m1;-m7|_;u;7†1ঞom
m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
o=r-r;u†v;ĺ$_;"-lr-|_0u-m7;t†b|‹-Ѵvo
u;1;bˆ;v-1omvb7;u-0Ѵ;0oov|-v-u;v†Ѵ|o=|_bv bm-m1b-Ѵ-rb|-Ѵ
bmbঞ-ঞˆ;;vr;1b-ѴѴ‹]bˆ;m|_;=-1||_-|b|bv-m
bm7†v|u‹ŊCuv|ĺm|_;Ѵom]|;ulķ|_;-mh‰o†Ѵ7
-Ѵvo0;bm-rovbঞom|o-1_b;ˆ;1ov|u;7†1ঞom
|-u];|v

olrѴb-m1;‰b|_" $_;0;m;C|vo=1olrѴb-m1;=-uo†|‰;b]_|_; bm-m1b-Ѵ-rb|-Ѵ

0-v;Ѵbm;v|-m7-u7v 1ov|vbmˆoѴˆ;7 "o1b-Ѵ-m7!;Ѵ-ঞomv_br-rb|-ѴŐ†v|ol;uő
=ou1‹0;uv;1†ub|‹
]oˆ;um-m1; -|†u-Ѵ-rb|-Ѵ

m|;ѴѴ;1|†-Ѵ-rb|-Ѵ

olrѴb-m1;‰b|_ Ѵb]mbm]‰b|_|_;v|-m7-u7u;t†bu;vvb]mbC1-m| bm-m1b-Ѵ-rb|-Ѵ

" !"Ɩ 1_-m];vbm|_;-mhĽvu;rouঞm]ru-1ঞ1;v m|;ѴѴ;1|†-Ѵ-rb|-Ѵ
‰_b1_bm|†um-@;1|;7|_;Cm-m1b-Ѵ7bv1Ѵov†u;v
=ouƑƏƐѶĺo‰;ˆ;u=†ѴѴ1olrѴb-m1;‰b|_|_;
v|-m7-u7‰bѴѴv|u;m]|_;m|_;-mhĽvu;r†|-ঞom
-m7u;bm=ou1;bm7†v|u‹Ѵ;-7;uv_br

90 SAMPATH BANK PLC Annual Report 2018

 Business
Reports

omv†l;u-mhbm]92
ourou-|;-mhbm]96
"-mhbm]98
Ѵo0-Ѵ-mhbm]99
ov|uo11o†m|vķouu;vrom7;m|-mhv-m7Š1_-m];olr-mb;v101
$u;-v†u‹102
r;u-ঞom-Ѵ"†rrou|103
;u=oul-m1;o="†0vb7b-ub;v104
mˆ;v|oum=oul-ঞom105
CONSUMER BANKING

"†ll-u‹o=!;v†Ѵ|v
"The foreign currency Sampath Simplified...
$_; ;rovb|†mb||-0Ѵ;7-v-ঞv=-1|ou‹
deposit portfolio also $_;1†v|ol;uomŊ0o-u7bm]ruo1;vv r;u=oul-m1;=ouƑƏƐѶķ‰b|_|_;rouoѴbo
‰-v7b]b|-Ѵbv;7ķ;m-0Ѵbm]1†v|ol;uv|o u;]bv|;ubm]-‹;-uŊomŊ‹;-u]uo‰|_o=
showed a significant 1olrѴ;|;-ѴѴm;1;vv-u‹7o1†l;m|-ঞom ƐƏĺƕѷĺ
improvement. Actual omѴbm;ĺ$_;7;rovb|-11;r|-m1;
ruo1;7†u;‰-v=†u|_;uv|u;-lѴbm;7-m7 "|uom]]uo‰|_‰-vo0v;uˆ;7bm|_;
results exceeded targets ‰b|_;@;1|=uolƏѶ|_1|o0;uƑƏƐѶķ Y-]v_br o†0Ѵ;""-ˆ;uķ|_;"-m_bm7-
set for the year thanks 1†v|ol;uv‰_orѴ-1;-CŠ;77;rovb|ĸ ";mboubঞŒ;mvv-ˆbm]vruo7†1|ķ|_;
-7b;v buv|v-ˆbm]vruo7†1|-m7|_;
to a series of highly- y u;1;bˆ;-mbmv|-m|""
m;‰Ѵ‹Ѵ-†m1_;7om;‹-uh;|v-ˆ;uĺ
1omCul-ঞomķ‰_b1_bm1Ѵ†7;v
focused strategies -†mbt†;ˆ;ubC1-ঞom1o7;Őmo $_;;Š|;m7;7ˆ†u†7†ruoloঞom|oo
aimed at growing the FC r_‹vb1-Ѵu;1;br|v-u;bvv†;7-m7 ruoˆ;7|o0;_b]_Ѵ‹v†11;vv=†Ѵķ0ubm]bm]
bmu;1ou7v-ˆbm]v7†ubm]|_;|‰oŊlom|_
customer base." |_;u;=ou;|_;1†v|ol;u7o;vmo|
=-1;|_;ubvho=7-l-]bm]ouѴovbm] Ѵom]1-lr-b]mĺ)b|_-ѴѴl-fouruo7†1|v
|_;u;1;br|ő v_o‰bm]blruoˆ;7u;v†Ѵ|vķ|_;-mhĽv
Deposits "]uo‰|_;Š1;;7;7|_;bm7†v|u‹
"|u-|;]‹-m7 o1†v y b=m;;7;71-mrubm|-u;1;br|ˆb- -ˆ;u-];ĺ
o0bѴbvbm]Ѵo‰Ŋ1ov|7;rovb|vu;l-bm;7 |_;"-lr-|_(bv_‰-rou|-Ѵ
-ruboub|‹|_uo†]_o†|ƑƏƐѶķruolrঞm] y u;1;bˆ;|_;bu 1;uঞC1-|;0‹ ;-m‰_bѴ;|_;v|u-|;]b;v7;rѴo‹;7
-]]u;vvbˆ;;@ou|v|ovo†u1;v-ˆbm]v ;l-bѴŐmor_‹vb1-Ѵ1;uঞC1-|;bv |obm1u;-v;|_;v_-u;o=Ѵom];u|;m†u;
7;rovb|v|o_;Ѵr0oov||_;-mhĽv" bvv†;7-m7|_;u;=ou;|_;1†v|ol;u v-Ѵvo7;Ѵbˆ;u;7]oo7u;v†Ѵ|vķ=†u|_;u
u-ঞoĺ;ˆ;u-]bm]om|_;;Šbvঞm]ruo7†1| 7o;vmo|=-1;|_;ubvho=7-l-]bm] 1om|ub0†ঞm]|o‰-u7vѴo‰;ubm]|_;-mhĽv
o@;ubm]vķv;ˆ;u-Ѵl-uh;|r;m;|u-ঞom ouѴovbm]|_;1;uঞC1-|;ő ) !0;Ѵo‰|_;bm7†v|u‹-ˆ;u-];ĺ
v|u-|;]b;v‰;u;bmbঞ-|;7bmou7;u|ol-h;
bmuo-7vbm|ovr;1bC11†v|ol;uv;]l;m|vĺ y 1-m‰b|_7u-‰|_;7;rovb|=uol $_;=ou;b]m1†uu;m1‹Ő ő7;rovb|
-m‹"-lr-|_-mh0u-m1_-1uovv rouoѴbo-Ѵvov_o‰;7-vb]mbC1-m|
o|-0Ѵ;-lom]|_;l‰-v|_;Ѵ-†m1_ |_;bvѴ-m70‹ru;v;mঞm]|_; blruoˆ;l;m|ĺ1|†-Ѵu;v†Ѵ|v;Š1;;7;7
o=|_;ŝom;‹-uh;|"-ˆ;uŝ-11o†m|ķ †mbt†;ˆ;ubC1-ঞom1o7; |-u];|vv;|=ou|_;‹;-u|_-mhv|o-v;ub;v
-v-ˆbm]vruorovbঞomv|u†1|†u;7|o o=_b]_Ѵ‹Ŋ=o1†v;7v|u-|;]b;v-bl;7-|
-rr;-Ѵ|o|_;1ourou-|;v-m7_b]_m;| )_bѴ;Ѵ;vv;lr_-vbv‰-vrѴ-1;7om ]uo‰bm]|_; 1†v|ol;u0-v;ĺ
‰ou|_bm7bˆb7†-Ѵvĺ$_;ruo7†1|_-v lo0bѴbvbm]|;ul7;rovb|vķ_-ˆbm]o0v;uˆ;7
]-bm;71omvb7;u-0Ѵ;|u-1ঞombm|_; |_-||_;;Šbvঞm]CŠ;77;rovb|rouoѴbo ol-fou1_-m];‰-vo0v;uˆ;7bm|_;
l-uh;|ķѴ;-7bm]|ov|uom]]uo‰|_bm;-1_ ‰-vlou;vh;‰;7|o‰-u7vv_ou|;u|;ul 7;rovb|lbŠ1olr-u;7|o|_;ru;ˆbo†v
v†11;vvbˆ;t†-u|;uvbm1;b|vѴ-†m1_bm†m; Ő|_u;;-m7vbŠlom|_ő vķ-1om1;u|;7 ‹;-uĺ
ƑƏƐѶĺ$;vঞ=‹bm]|o|_bvķu;v†Ѵ|v=ou Ɠ ;@ou|‰-vl-7;|obm1u;-v;|_;
1om1;m|u-ঞomo=Ѵom];uŊ|;ul|;m†u;vĺ †|†u; o1†v
v_o‰-ƑѶƑѷ]uo‰|_oˆ;u|_; ƒC]†u;ĺ
"|;rv|-h;mbm|_bvu;]-u7bm1Ѵ†7;7|_; Ѵ-mv=ou|_;=†|†u;‰bѴѴѴ-u];Ѵ‹=o1†vom
Deposit Mix Ѵ-†m1_o=|_; ķ-m;‰ˆ-Ѵ†;-77bঞom v|u;m]|_;mbm]|_;-mhĽv"u-ঞoķ
%
‰_;u;7;rovb|ouv‰b|_ voˆ;u ‰_b1_‰o†Ѵ7l;-mv|u-|;]b1-ѴѴ‹;m_-m1bm]
3 !vƐƏƏķƏƏƏ-m7‰b|_|;m†u;voˆ;uvbŠ |_;v-ˆbm]vv†b|;|obm1u;-v;|_;1-rঞˆ;
5 lom|_v_-ˆ;-11;vv|o-moˆ;u7u-[ l-uh;|v_-u;bm;Šbvঞm]1†v|ol;u
=-1bѴb|‹o=†r|oƖƏѷo=|_;bu7;rovb|ĺ$_bv v;]l;m|vĺ
64
‰-v1o†rѴ;7‰b|_-vr;1b-Ѵruoloঞom
-bl;7-|-‚u-1ঞm]Cˆ;Ŋ‹;-u vĺ $-rrbm]bm|om;‰-m7;l;u]bm]1†v|ol;u
28 v;]l;m|vķbmr-uঞ1†Ѵ-u|_;‹o†|_
";ˆ;u-Ѵruoloঞom-Ѵ1-lr-b]mv‰;u; v;]l;m|ķ‰bѴѴ-Ѵvo0;-h;‹ruboub|‹|_-|
uoѴѴ;7o†|7†ubm]|_;‹;-u|oruolo|; ‰o†Ѵ7u;t†bu;bmmoˆ-ঞˆ;ķ|;1_moѴo]‹Ŋ
;Šbvঞm]ruo7†1|vĺ;‹-lom]|_;l‰-v 7ubˆ;mvoѴ†ঞomv;t†brr;7|oruoˆb7;
-v-ˆbm]v7;rovb|7ubˆ;|-u];ঞm]|_; ]u;-|;uY;Šb0bѴb|‹-m7bm1u;-v;71†v|ol;u
l-vv;vŊ|_;;Š|;m7;7ˆ†u†7†ruoloঞom 1omˆ;mb;m1;ĺ
Fixed Deposits |o1obm1b7;‰b|_|_;"bm_-Ѵ--m7$-lbѴ
Saving Deposits ;‰+;-ubmrubѴĺ
Demand Deposits
Others

92 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Loans and Advances †m;ƑƏƐѶĺ!oѴѴ;7o†|-v-Ѵblb|;7ঞl; Pawning Advances

"|u-|;]‹-m7 o1†v o@;uo=1olr;ঞঞˆ;u-|;v-m7;Š|;m7;7 Rs Bn %
$_;l-bmv|u-|;]b1|_u†v|=ou|_; v;‚Ѵ;l;m|r;ubo7vķ|_;ruoloঞom 25 5

1omv†l;uѴ;m7bm]lo7;ѴbmƑƏƐѶ‰-v|o |-u];|;7v-Ѵ-ub;7r†0Ѵb1-m7rubˆ-|;v;1|ou
or;u-ঞom-Ѵbv;|_;0uo-7Ŋ0-v;7Ѵ;m7bm] ;lrѴo‹;;v-m7o‰m;uvo=vl-ѴѴ-m7 20 4
3.5 3.7
l;7b†lvbŒ;70†vbm;vv;vĺolrѴ;l;mঞm] 3.5
-rruo-1_bm|uo7†1;7†m7;u|_;r-u-7b]l 3.3
v_b[ruo]u-luoѴѴ;7o†|bmƑƏƐƕĺm|_bv |_;;@ou|ķv;ˆ;u-ѴѴ;-vbm]=-buv‰;u; 15 3

1om|;Š|ķ|_;†vbm;vv"†rrou|;m|u; _;Ѵ7-1uovv|_;1o†m|u‹bmr-u|m;uv_br
Ő"ő-m7|_;;m|u-Ѵu;7b|uo1;vvbm] ‰b|_Ѵ;-7bm]-†|olo0bѴ;7;-Ѵ;uvbmh;‹ 10 2

&mb|Ő&őķ|_;|‰o†mb|v|_-|‰;u; |o‰mvķbm1Ѵ†7bm]_bѴ-‰ķ-|-u-ķ-ѴѴ;ķ
-@m--m7!-|m-r†u-ĺ †u|_;ulou;ķ 5 1
1-uˆ;7o†|=oѴѴo‰bm]|_;-u-7b]l"_b[ķ
rbˆo|;7om|_;oˆ;uml;m|Ľv ;0u†-u‹

13

15

25
20
u;l-bm;7=o1†v;7om;Š;1†ঞm]|_;bu
ƑƏƐѶ7;1bvbom|ou;Ѵ-Š|_;$(u†Ѵ;v=ou 0 0
l-m7-|;vŊ|_;&-blbm]|o;Šr-m7 2015 2016 2017 2018
|_;u;|-bѴѴ;m7bm]0-v;|_uo†]_vl-ѴѴ;u _‹0ub7-m7;Ѵ;1|ub1ˆ;_b1Ѵ;vķ|_;-mh
Pawning Advances
ঞ1h;|u;|-bѴѴ;m7bm]ķ‰_bѴ;|_;"Ѵoohv v|u;m]|_;m;7b|vঞ;v‰b|_-m†l0;uo=
Pawning as a % of Total Advances (RHS)
|o7;;r;m|_;r;m;|u-ঞombm|o|_; l-fou-†|olo0bѴ;-];m|vbmou7;u|o
"v;]l;m|ˆbvŊ-Ŋˆbv-†mbt†;-m7 rovbঞom"-lr-|_-mh-v|_;=ou;lov|
_b]_Ѵ‹Ŋr;uvom-Ѵbv;77oouŊv|;r0-mhbm] vr;1b-Ѵbv|bmruoˆb7bm]Y;Šb0Ѵ;|-bѴoul-7; 1-lr-b]mv‰;u;1om7†1|;7-|0u-m1_
ruorovbঞomĺ Ѵ;-vbm]voѴ†ঞomv=ou|_;l-vvl-uh;|ĺm Ѵ;ˆ;Ѵr-u-ѴѴ;Ѵ|o-‰b7;vru;-7=o†ulom|_
|_;Cuv|_-Ѵ=o=|_;‹;-u-v|uom]r†v_ l-vvl;7b-1-lr-b]m=uolrubѴ|o†Ѵ‹
$_;0u-m1_m;|‰ouhķ-vvb]m;7|oruolo|; |or†uv†;ˆ;_b1Ѵ;blrou|vomv|-m7-u7 ƑƏƐѶĺou;oˆ;ubm-‰;ѴѴŊঞl;7;@ou||o
-ѴѴ1ou;u;|-bѴѴ;m7bm]ruo7†1|vĸѴ;-vbm]ķ bvv†;oˆ;uml;m|r;ulb|vv-‰|_; |-h;-7ˆ-m|-];o=|_;_b]_;u]oѴ7rub1;v
r-‰mbm]-m7_o†vbm]Ѵo-mvķv|;rr;7 Ѵ-†m1_o=-vr;1b-ѴѴ;-vbm]r-1h-];=ou u;v†Ѵঞm]=uol|_;oˆ;uml;m|blrov;7
†r|-u];|;7ruoloঞom-Ѵ1-lr-b]mv|o r;ulb|_oѴ7;uvĺ$_bv‰-v1o†rѴ;7‰b|_-m |-Šom]oѴ7blrou|vķ|_;ŝoѴ;;)-vbŝ
vঞl†Ѵ-|;7;l-m7-1uovv-ѴѴ1†v|ol;u -]]u;vvbˆ;$1-lr-b]m|ou;-1_o†||o vr;1b-Ѵruoloঞom‰-vѴ-†m1_;7bm†]†v|
v;]l;m|v-lb7v|-7;1b7;7Ѵ‹‰;-h1u;7b| _b]_Ŋu-mhbm]v|-|;v;1|ou;lrѴo‹;;v-m7 ƑƏƐѶķ‰b|_|_;-blo=1-r|†ubm]-Ѵ-u];u
-rr;ঞ|;bm|_;l-uh;|ĺ l;7b1-Ѵruo=;vvbom-Ѵv‰_o‰;u;;Ѵb]b0Ѵ; 1_†mho=|_;v;1om7Ŋঞ;ur-‰mbm]l-uh;|ĺ
=our;ulb|vĺ
;bm]-1ou;Ѵ;m7bm]ruo7†1|o=|_; m|_;_o†vbm]Ѵo-mv;]l;m|ķ-ѴѴ;@ou|v
-mhķ]uo‰bm]|_;Ѵ;-vbm]rouoѴbo‰-v ou;;lr_-vbv‰-v-ѴvorѴ-1;7om ‰;u;7bu;1|;7|o‰-u7v1-rb|-Ѵbvbm]om
-|orruboub|‹ĺ"r;-u_;-7bm];@ou|vbm ;Šr-m7bm]|_;r-‰mbm]0†vbm;vvķ‰_b1_ |_;1o†m|u‹Ľv†u0-mbv-ঞomruo]u-lķ
|_bv_b]_Ѵ‹Ŋv;]l;m|;7Ѵ;-vbm]l-uh;| _-vruoˆ;m|o0;-h;‹1om|ub0†|ou|o ‰b|_vr;1b-Ѵ;lr_-vbvoml-m-]bm]|_;
‰-v|_;ŝ;-vbm])-vb$_†m-v;ŝ |_;1omv†l;u0-mhbm]=u-m1_bv;oˆ;u ;Šrov†u;|o|_;1om7olbmb†ll-uh;|ĺ
l;]-Ѵ;-vbm]7ubˆ;|_-|hb1h;7o@bm |_;r-v||_u;;‹;-uvĺ";ˆ;u-ѴѴo1-Ѵbv;7 "|;rv|-h;mbm|_bvu;]-u7bm1Ѵ†7;7|_;
Ѵ-†m1_o=-m;‰_ol;Ѵo-mruo7†1|
|-u];ঞm]‰ouhbm]ruo=;vvbom-Ѵvķ‰_;u;-
Cˆ;Ŋ‹;-u]u-1;r;ubo7‰-vo@;u;7=ou|_;
1-rb|-Ѵv;uˆb1bm]ĺ;-m‰_bѴ;ķbmh;;rbm]
‰b|_b|vru†7;m|-rruo-1_|o‰-u7v|_;
1om7olbmb†ll-uh;|ķ|_;-mhঞ;7
†r‰b|_-=;‰v;Ѵ;1|;77;ˆ;Ѵor;uv|o
v;1†u;-rrobm|l;m|v-v|_;ru;=;uu;7
0-mhbm]r-u|m;u=ouro|;mঞ-Ѵ0†‹;uv=ou
ѵƑ1om7olbmb†lruof;1|vbm|_;);v|;um
uoˆbm1;-m7-mo|_;uom;bm|_;;m|u-Ѵ
uoˆbm1;ĺѴom]vb7;|_bvķ-v|u†1|†u;7
Ѵ;m7bm]v1_;l;‰-v-Ѵvo†mˆ;bѴ;7
vr;1bC1-ѴѴ‹|-u];ঞm]|_;Ѵ-u];"ub-mh-m
1oll†mb|‹u;vb7bm]oˆ;uv;-vŐ!ˆbv-
_oѴ7;uvou7†-Ѵ1bঞŒ;mvő|o]bˆ;|_;l|_;
orrou|†mb|‹|obmˆ;v|bm|_;1o†m|u‹ĺ

;-vbm] -bu-|_bѲ-‰

SAMPATH SIMPLIFIED 93
CONSUMER BANKING

o‰;ˆ;uķ]bˆ;m|_;1†uu;m|;1omolb1 mo|_;ubmbঞ-ঞˆ;|o0oov|†v-];ˆoѴ†l;v
"Efforts to grow both 1om7bঞomvķ|_;-mh‰bѴѴu;l-bm1-†ঞo†v ‰-v|_;""Ő"-lr-|_†|ol-|;7bѴѴ
bmѴ;m7bm]|o|_;u;|-bѴv;1|ou-m7‰bѴѴ ";‚Ѵ;l;m|őuoѴѴo†|ķo@;ubm]-_-vvѴ;Ŋ=u;;
the card base as well
Ѵbh;Ѵ‹=oѴѴo‰-v;Ѵ;1ঞˆ;Ѵ;m7bm]v|u-|;]‹ voѴ†ঞom=oulom|_Ѵ‹†ঞѴb|‹0bѴѴv;‚Ѵ;l;m|v
as transaction volumes =ou|_;=ou;v;;-0Ѵ;=†|†u;ĺ ‰_;u;1†v|ol;uv1-mbmv|u†1||_;bu
were facilitated by Cards
†ঞѴb|‹v;uˆb1;ruoˆb7;uv|o7bvr-|1_|_;bu
lom|_Ѵ‹0bѴѴv7bu;1||o|_;"-lr-|_-u7
aggressive promotional "|u-|;]‹-m7 o1†v ;m|u;|o0;1_-u];7|o|_;buu;vr;1ঞˆ;
activities carried out m-mbm1u;-vbm]Ѵ‹†mru;7b1|-0Ѵ;or;u-ঞm] 1-u7ĺ
;mˆbuoml;m|l-7;lou;1olr;ঞঞˆ;
throughout the year 0‹-]uo‰bm]m†l0;uo=m;‰;m|u-m|v oˆ;v‰;u;-Ѵvol-7;|ou;ˆbˆ;7oul-m|
under the ongoing -m7Ѵ-|;Ѵ‹|_;-uubˆ-Ѵo= bmŊ$;1_vķ|_; 1-u7v|_uo†]_-_b]_Ѵ‹Ŋ=o1†v;7$
h;‹=o1†v=ou"-lr-|_-u7v‰-v|‰oŊ 1-lr-b]mĺv-=oѴѴo‰Ŋ†r|o|_bvv|u-|;]‹ķ
theme to promote ruom];7ĸ|ov;1†u;1-rঞˆ;l-uh;|v-m7 |_;1-u7ˆ-Ѵb7b|‹r;ubo7‰-vbm1u;-v;7
SampathCards as the ]uo‰l-uh;|v_-u;ķ‰_bѴ;l-m-]bm]1ov|v =uol|‰o‹;-uv|o=o†u‹;-uvķ‰_bѴ;|_;

'Responsible Choice'. " bmou7;u|o-1_b;ˆ;ruoC|;Šr;1|-ঞomv=ou ;Šbvঞm]Ѵo‹-Ѵ|‹ruo]u-l‰-vu;ˆ-lr;7

-m7-m;‰v;uˆb1;ruoˆb7;uu;1u†b|;7|o
ƑƏƐѶĺ
ror†Ѵ-ubŒ;|_;ruo]u-l-lom]1†v|ol;uvĺ
@ou|v|o]uo‰0o|_|_;1-u70-v;-v‰;ѴѴ $_;l-bm-bl_;u;‰-v|o;mv†u;|_-||_;
"†ll-u‹o=!;v†Ѵ|v -v|u-mv-1ঞomˆoѴ†l;v‰;u;=-1bѴb|-|;7 1-u7ruorovbঞomu;l-bmv-‚u-1ঞˆ;-m7
$_;-=ou;l;mঞom;7]uo‰|_v|u-|;]b;v 0‹-]]u;vvbˆ;ruoloঞom-Ѵ-1ঞˆbঞ;v u;Ѵ;ˆ-m|bmou7;u|olbmblbv;|_;m†l0;uv
1†Ѵlbm-|;7bm0oovঞm]Ѵ;m7bm]-1ঞˆbঞ;v 1-uub;7o†||_uo†]_o†||_;‹;-u†m7;u|_; bm|_;7oul-m|1-|;]ou‹ĺ
=ou|_;‹;-uķѴ;-7bm]|o-ƐƕĺƑѷbm1u;-v; om]obm]|_;l;|oruolo|;"-lr-|_-u7v
bmm;‰ˆoѴ†l;v1olr-u;7|o|_;ru;ˆbo†v -v|_;ŝ!;vromvb0Ѵ;_ob1;ŝĺ;‹ ;-m‰_bѴ;1ov|1om|uoѴv|u-|;]b;v‰;u;
‹;-uĺ$_;-mhĽv]uovvѴ;m7bm]rouoѴbo -1ঞˆ-ঞomvbm|_bvu;]-u7bm1Ѵ†7;7|_; -Ѵvo-11;Ѵ;u-|;7|o=o1†vom1om|-bmbm]
u;-1_;7!vѵƕƏm-v-|ƒƐv| ;1;l0;u *;ˆ;u‹7-‹1-u7ķ|_;v;-vom-Ѵ v‰b|_bm-11;r|-0Ѵ;Ѵblb|vķ‰_b1_
ƑƏƐѶķ†r0‹Ɛƕĺƒѷ=uol-‹;-u-]oķ|_; ruoloঞomvbmrubѴ-m7 ;1;l0;uķ|_; v-‰r-u|o=|_;u;1oˆ;u‹ruo1;vv‰-v
u;v†Ѵ|o=uo0†v|]uo‰|_u;rou|;7-1uovv b1omb1|o‰mŊomŊv-Ѵ;1-lr-b]m-m7|_; o†|vo†u1;7bmou7;u|oঞ]_|;m=oѴѴo‰Ŋ†r
|_;0o-u7ĺ!;|-bѴѴ;m7bm]]u;‰0‹ƐƏĺѵѷ ƒƏƳƐ=u;;bmv|-ѴѴl;m|ruoloঞom=ou ruo|o1oѴv;vr;1b-ѴѴ‹=our-v|7†;vĺ
‹;-uŊomŊ‹;-uķ‰_bѴ;Ѵ;-vbm]ķr-‰mbm]-m7 _b]_ˆ-Ѵ†;1omv†l;u]oo7vķ-v‰;ѴѴ-v
_o†vbm]Ѵo-mv-Ѵvor;u=oul;7;t†-ѴѴ‹ |_;‹;-uŊuo†m7o@;uvbmr-u|m;uv_br‰b|_
‰;ѴѴķ]uo‰bm]0‹ƐƒĺƕѷķƑѵĺѶѷ-m7Ɛƕĺƕѷ Ѵ;-7bm]v†r;ul-uh;|v-m7_o|;Ѵ1_-bmvĺ
u;vr;1ঞˆ;Ѵ‹oˆ;u|_;ru;ˆbo†v‹;-uĺ

†|†u; o1†v Credit Card Advance Porolio No. of Credit Cards

obm]=ou‰-u7ķ|_;=o1†v‰o†Ѵ70;|o Rs Mn

7;ˆ;Ѵor-lou;u;vromvb0Ѵ;1u;7b|1†Ѵ|†u;
20,000 300,000
-lom]u;|-bѴ1†v|ol;uv-v‰;ѴѴ-v"vĺ
ou|_;-mhķ|_bvl;-mvloˆbm]-‰-‹
=uol|_;1omˆ;mঞom-Ѵv|-m7-Ѵom;Ѵ;m7bm] 15,000 225,000
ru-1ঞ1;vbm=-ˆo†uo=-mbm|;]u-|;7
Ѵ;m7bm]lo7;Ѵ;m1olr-vvbm]Ѵ;-vbm]ķ
10,000 150,000
_o†vbm]-m7r;uvom-ѴѴo-m=-1bѴbঞ;v|_-|
_-v|_;1-r-1b|‹|ov†rrou|1†v|ol;uvbm
-1_b;ˆbm]|_;bur;uvom-ѴѴb=;]o-Ѵvĺ 5,000 75,000

0 0
2015 2016 2017 2018 2015 2016 2017 2018

94 SAMPATH BANK PLC Annual Report 2018

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bm|uo7†1;7bmƑƏƐѶ|o]bˆ;1-u7_oѴ7;uv ;lr_-vbv‰o†Ѵ70;rѴ-1;7ombm1u;-vbm]
-m;‰-m7blruoˆ;71†v|ol;u |_;=†m1ঞom-Ѵb|‹o=|_;-m1-vv†u-m1;
;Šr;ub;m1;ĸ lo7;Ѵĺuo]u-ll;v|ou-bv;-‰-u;m;vv
-lom]v|-@-m7bm1u;-v;|_;1uovvŊv;ѴѴbm]
y mv|-m|""1omCul-ঞomo=|_;
1-r-1b|‹o=C;Ѵ7v|-@‰;u;_;Ѵ7bm-0b7
-ˆ-bѴ-0Ѵ;0-Ѵ-m1;-[;u;ˆ;u‹
|o_;Ѵr|_;lruolo|;|_;-m1-vv†u-m1;
|u-mv-1ঞomom|_;1-u7ĺ
1om1;r||o-‰b7;ubvѴ-m7Ŋ‰b7;1†v|ol;u
y bvv;71-ѴѴ0-mhbm]|o1_;1h 0-v;ĺ
|_;-ˆ-bѴ-0Ѵ;-11o†m|0-Ѵ-m1;v
bmv|-m|Ѵ‹ĺ
Bancassurance Income
y $_;Ѵ-†m1_o=-(bu|†-Ѵ);0
Rs Mn
-u7Ő|o0;†v;7;Š1Ѵ†vbˆ;Ѵ‹=ou
;Ŋ1oll;u1;|u-mv-1ঞomvő‰_b1_
150
1-m0;o0|-bm;7bmv|-m|Ѵ‹|_uo†]_
|_;"-lr-|_(bv_‰-omѴbm; 120
0-mhbm]rou|-Ѵĺ

y b]b|-Ѵbv-ঞomo=|_;omŊ0o-u7bm] 90
$o‰mom"-Ѳ;-|-u-
ruo1;vvķ;m-0Ѵbm]1†v|ol;uv|o
1olrѴ;|;|_;bu-rrѴb1-ঞomomѴbm;ĺ 60

"†ll-u‹o=!;v†Ѵ|v 30
Bancassurance
$_;1†v|ol;u0-v;]u;‰0‹ƐƕĺƓѷ7†ubm] "|u-|;]‹-m7 o1†v
0
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1-u7v-77;7|o|_;0-v;bmƑƏƐѶĺ-u7 0†vbm;vvbmƑƏƐѶ‰-v|obm1u;-v;u;=;uu-Ѵ
†v-];ˆoѴ†l;v-Ѵvo_b|u;1ou7m†l0;uvķ =;;bm1ol;ĺm‰ouhbm]|o‰-u7v-1_b;ˆbm]
bm1u;-vbm]0‹ƐƔĺƏѷbmƑƏƐѶķ1olr-u;7|o |_bvh;‹o0f;1ঞˆ;ķ-]]u;vvbˆ;1-lr-b]mv
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u;1ou7;7-|;m7Ŋ ;1;l0;uƑƏƐƕĺ |_uo†]_o†|vb7;-];m|vŐ"őĺ

v|oou;l-bm;7‰;ѴѴ1om|-bm;7 "†ll-u‹o=!;v†Ѵ|v
-m70;Ѵo‰|_;|_u;v_oѴ7Ѵblb|ķ|_-mhv
$_;-m1-vv†u-m1;bm1ol;u;]bv|;u;7
|ov|ubm];m|lomb|oubm]-m7u;1oˆ;u‹
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-1ঞomvĺ
|_;|-u];|=ouƑƏƐѶĺou;oˆ;u|_;-mhĽv
7;1bvbom|oo@;uѴ;-v;0-1h=-1bѴbঞ;v_-7-
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lbŠ;7blr-1|om|_;ˆoѴ†l;v];m;u-|;7
$_;ruboub|‹=ou|_;=†|†u;‰o†Ѵ70; |_uo†]_|_;-m1-vv†u-m1;0†vbm;vvĺ
|o0†bѴ71†v|ol;uѴo‹-Ѵ|‹bmou7;u|o
v|-‹-_;-7o=r;;uv-m7]-bml-uh;|
v_-u;ĺ$_bv‰o†Ѵ7l;-mv‹v|;l-ঞ1-ѴѴ‹
0uo-7;mbm]|_;v1or;o=;-1_1-u7
ruorovbঞom|o;mv†u;b|u;l-bmvu;Ѵ;ˆ-m|
|o|_;1†v|ol;uv1_-m]bm]Ѵb=;v|‹Ѵ;v-m7
vr;m7bm]r-‚;umvĺ

SAMPATH SIMPLIFIED 95
CORPORATE BANKING

"Meanwhile, in
order to minimise
risks amidst tough
economic conditions,
Corporate Finance
further expanded
its structured debt
financing model with a
view to assist clients to
improve their liquidity."

-mh †m7;7boň-vvuof;1|bml0bѲbrbࢼ‹-Ŏollbvvbom;7bm+;-uƏƍƎѴŏ

Corporate Finance
"|u-|;]‹-m7 o1†v
"-lr-|_-mh-v|_;Ѵ;-7bm]Cm-m1b;u †|†u; o1†v
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1om7bঞomvķ|_;ourou-|; bm-m1;
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lo7;Ѵķ‰_;u;ruboub|‹‰-v|o;Šr;7b|;
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Ѵo1-ѴѴ;m7bm]-1ঞˆbঞ;v|o;1omolb1-ѴѴ‹
-mhĽv=oo|rubm|‰b|_bm|_;u;]bom-v‰;ѴѴ v|uom]_oѴ7vķ‰_bѴ;1-†ঞo†vѴ‹;ŠrѴoubm]
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v;uˆb1;v-m7u;m;‰-0Ѵ;;m;u]‹ĺ$_;
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bm|_;Ѵo1-Ѵ;t†b|‹l-uh;|ķ‰_bѴ;|_;-mh |_;-mhĽvu;-1_0;‹om7|_;"o†|_
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"†ll-u‹o=!;v†Ѵ|v
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ourou-|; bm-m1;=†u|_;u;Šr-m7;7b|v Ѵ-1ho=1u;7b|7;l-m7ķ|_;ourou-|;
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|u-7bm]ķl-m†=-1|†ubm]ķ$-m7_;-Ѵ|_1-u;ĺ

96 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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Sampath Simplified… omv|u†1ঞomķ$o†ubvl-m7]ub1†Ѵ|†u; 7;ˆ;Ѵorl;m|v|u-|;]‹-bl;7-|u;-1_bm]
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|o-ѴѴo‰ĸ
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y †v|ol;uv|o1olrѴ;|;|_;
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-†|_oub|‹Ѵblb|v;mv†ubm]- bmˆ;v|ouvu;]-u7bm]ro|;mঞ-Ѵbmˆ;v|l;m|
Foreign Currency Banking Unit (FCBU) orrou|†mbঞ;vbm‹-ml-uĺ
vr;;7b;uv;uˆb1;|o|_;1†v|ol;uĺ
"|u-|;]‹-m7 o1†v
"†ll-u‹o=!;v†Ѵ|v
r;u-ঞm]-lb7v|bm1u;-vbm]Ѵ‹1olr;ঞঞˆ;
"†ll-u‹o=!;v†Ѵ|v 1om7bঞomvķ|_; &ĽvomŊv_ou;Ѵ;m7bm] )b|_|_;v|u-|;]b;vo†|Ѵbm;7-0oˆ;
;vrb|;b|v1-†ঞo†vѴ;m7bm]-rruo-1_ķ|_; v|u-|;]‹=ouƑƏƐѶu;l-bm;7=o1†v;7om ‹b;Ѵ7bm]=-ˆo†u-0Ѵ;u;v†Ѵ|vķ|_; &
ourou-|;u;7b| ;r-u|l;m|v†11;;7;7 7;;r;mbm]|_;r;m;|u-ঞombm|o1;u|-bm v†11;;7;7bm-1_b;ˆbm]-ѴѴr;u=oul-m1;
o0f;1ঞˆ;v=ou|_;‹;-uĺ$_;-7ˆ-m1;v
rouoѴbou;rou|;7]uo‰|_o=ƒѵѷoˆ;u
|_;ru;ˆbo†v‹;-uķ0oѴv|;u;70‹-ѶƏѷ
bm1u;-v;bmo@Ŋv_ou;Ѵ;m7bm];Šrov†u;ĺ

†|†u; o1†v
)_bѴ;l-Šblbvbm]|_;ruovr;1|vbm|_;
Ѵo1-Ѵl-uh;|ķ|_;l-bm|_u†v|=ou|_;
=†|†u;‰o†Ѵ70;|obm1u;-v;|_;v_-u;o=
o@Ŋv_ou;Ѵ;m7bm]bm|_; &-7ˆ-m1;v
rouoѴboĺ obm]vo‰o†Ѵ71-ѴѴ=oulou;
ru;1bv;|-1ঞ1-Ѵv|u-|;]b;v|ov_-ur;m|_;
o@Ŋv_ou;Ѵ;m7bm]lo7;Ѵ|ol-|1_|_;
;ˆoѴˆbm]m;;7vo=|_;]Ѵo0-Ѵl-uh;|rѴ-1;
bm|_;‹;-uv-_;-7ĺ

†vbm;vv ou†lś -lbѲb-ubvbm]†vbm;vv‰b|_‹-ml-uś

SAMPATH SIMPLIFIED 97
SME BANKING

ro|;mঞ-ѴѴ;m7bm]orrou|†mbঞ;v-1uovv Sector-wise SME Loan Porolio

"Working towards an |_;1o†m|u‹ķ‰b|_-v|uom];u;lr_-vbv %
omruoloঞm]blrou|-m7;Šrou||u-7; 1
ambitious growth target 1 1
Cm-m1bm]-v‰;ѴѴ-v;Š|;m7bm]7bu;1|
1
in market share in the 1u;7b||o"vbmb7;mঞC;7v;1|ouvĺ 4
7 26
SME segment by the $_bv‰-vor;u-ঞom-Ѵbv;70‹|-rrbm]bm|o
v;ˆ;u-Ѵ"1u;7b|Ѵbm;vķbm1Ѵ†7bm]|_;
year 2020, the BSC oˆ;uml;m|vromvou;7ŝm|;urubv;"ub
15
would focus on specific -mh-ŝbmbঞ-ঞˆ;-m7|_; Ѵbm;ĺ

strategies to reach out to "†ll-u‹o=!;v†Ѵ|v

rural markets, especially !bvh-|;]ou‹ 1_b;ˆ;l;m|-]-bmv|
21
23
through the release of †7];|Őѷő
Tourism Consumpon
first-to-market digital "v ƐƐƕĺѵ Construcon Health Care
|_;uv ƐƒѶĺƓ Manufacturing Educaon
products that would Agriculture Entertainment
$o|-Ѵ7ˆ-m1;v ƐƑƓĺƖ
give the Bank a definite Traders Others

competitive advantage in ;vrb|;0;bm]-u;Ѵ-ঞˆ;Ѵ‹m;‰1om1;r|ķ

ru;Ѵblbm-u‹u;v†Ѵ|vv†]];v||_-||_;"Ľv
the years ahead." 7oouŊv|;r0-mhbm]lo7;Ѵbv‰;ѴѴu;1;bˆ;7 -ˆ-bѴ-0Ѵ;orrou|†mbঞ;v-|-u;]bom-Ѵ
bm|_;|-u];|l-uh;|;m-0Ѵbm]-ѴѴv=ou Ѵ;ˆ;Ѵĺ)ouhbm]|o‰-u7v-m-l0bঞo†v
|_;‹;-u|o0;-1_b;ˆ;7v†11;vv=†ѴѴ‹ĺ ]uo‰|_|-u];|bml-uh;|v_-u;bm|_;"
"|u-|;]‹-m7 o1†v v;]l;m|0‹|_;‹;-uƑƏƑƏķ|_;"‰o†Ѵ7
†|†u; o1†v =o1†vomvr;1bC1v|u-|;]b;v|ou;-1_o†|
$_;l-bm|_u†v|=ou|_;"-mhbm]
lo7;ѴbmƑƏƐѶ‰-v|o=o1†vomruoloঞm] oˆbm]=ou‰-u7|_;=o1†v‰o†Ѵ70; |ou†u-Ѵl-uh;|vķ;vr;1b-ѴѴ‹|_uo†]_|_;
;ˆ;Ѵorl;m| bm-m1bm]-m7";m7bm] |o=†u|_;u;Šr-m7|_;"Ľv1-r-1b|‹ u;Ѵ;-v;o=Cuv|Ŋ|oŊl-uh;|7b]b|-Ѵruo7†1|v
-m7v†rrou|oˆ;uml;m|ŊѴ;7" 0;‹om7b|vuoѴ;-v-1;m|u-Ѵbv;7†mb|ķ‰b|_ |_-|‰o†Ѵ7]bˆ;|_;-mh-7;Cmb|;
7;ˆ;Ѵorl;m|ruo]u-ll;vĺ$_;ŝ"ŝ "oL1;uv0;bm]7;rѴo‹;7|o1-r|†u; 1olr;ঞঞˆ;-7ˆ-m|-];bm|_;‹;-uv-_;-7ĺ
Ő†vbm;vv"†rrou|;m|u;őv;|†rbmƑƏƐƕ
1omঞm†;7|o0;|_;h;‹7ubˆ;ubm|_bv
u;]-u7ĺ$_;uoѴ;o=|_;"‰-v;Šr-m7;7
0;‹om7|_-|o=7bu;1|"Ѵ;m7bm]ķ
|o=o1†vom1-|;ubm]|o|_;0uo-7;u
vr;1|u†lo="m;;7vĺ11ou7bm]Ѵ‹ķ
|_;"Ľv_b]_Ѵ‹ŊvhbѴѴ;7|;-lo=1u;7b|
;ˆ-Ѵ†-|ouv‰;u;-vvb]m;7|oruoˆb7;
0†vbm;vv-7ˆbvou‹v;uˆb1;vķ-vvbv|-m1;bm
Cm-m1b-ѴrѴ-mmbm]ķblrou|;Šrou|v;uˆb1;v
-m7=ou;Š-7ˆbvou‹ķ;|1ĺ

oѴѴo‰bm]|_bvv|u†1|†u;7-rruo-1_ķ
"|;-lvѴ;ˆ;u-];7om|_;-mhĽv
;Š|;mvbˆ;u;|-bѴm;|‰ouh|or†uv†;

ś"-lr-|_"-ˆb‹-śʼnm|u;ru;m;†u ;ˆ;Ѳorl;m|uo]u-ll;

98 SAMPATH BANK PLC Annual Report 2018

GLOBAL BANKING
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"Digitalising the
Telegraphic Transfer (TT)
process was another
initiative aimed at
enhancing operational
efficiencies whilst
creating customer
convenience."

International Trade
"|u-|;]‹-m7 o1†v
!;Ѵ‹bm]om-l†Ѵঞruom];7v|u-|;]‹|o "Ѳbmb1_;Ѳ7bm†u†m;]-Ѳ-
7ubˆ;blrou|ņ;Šrou||u-7;ˆoѴ†l;vķ
|_;m|;um-ঞom-Ѵ$u-7;";uˆb1;v†mb|v
-11;Ѵ;u-|;7|_;bu=o1†vom|_;1o†m|u‹Ľv
-Ѵblb|;7ঞl;o@;u0;|‰;;m†m;-m7 Trade & Non-Trade Related TT Volumes
=-v|Ŋ7;ˆ;Ѵorbm]"l-uh;|ĺ$_;
†]†v|ƑƏƐѶ-11olr-mb;70‹- Rs Bn
l-bm;@ou|=ou|_;‹;-u‰-vѴ;70‹-
|‰oŊঞ;uu-|;v|u†1|†u;|o-rr;-Ѵ|o 200
v;ub;vo="1Ѵbmb1v_;Ѵ7-1uovvh;‹
;Šbvঞm]1†v|ol;uv-v‰;ѴѴ-v-‚u-1|m;‰
1bঞ;vo=-m7‹ķ;]ol0oķ-ѴѴ;-m7
1†v|ol;uvĺ
†u†m;]-Ѵ-ĺ$-u];ঞm];Šbvঞm]-m7 150
ro|;mঞ-Ѵ1†v|ol;uvķ|_;v;"1Ѵbmb1v
;-m‰_bѴ;ķ‰b|_u;1†uubm]1_-ѴѴ;m];v
‰;u;ou]-mbv;7-v-rѴ-oul|o;m-0Ѵ;
bm|_;=oulo=u;]†Ѵ-|ou‹u;v|ub1ঞomvom 100
vl-ѴѴ0†vbm;vvo‰m;uv|ou;-1_o†||o
blrou|l-u]bmvķ|_;†r‰-u7u;ˆbvbom
u;ru;v;m|-ঞˆ;vo=-Ѵlov|-ѴѴu;]†Ѵ-|ou‹
bmˆ;_b1Ѵ;blrou|7†ঞ;v-m7|_;v_-ur
0o7b;v-m7u;1;bˆ;]†b7-m1;-m7 50
7;ru;1b-ঞomo=|_;!†r;;-77bm]|o|_;
-7ˆb1;|_-|‰o†Ѵ7_;Ѵr|o;m_-m1;|_;
119

113

142
162

195

148
174

165
†m1;u|-bm|‹bmor;u-ঞm];mˆbuoml;m|ķ
;@;1ঞˆ;m;vvo=|_;bu0†vbm;vvor;u-ঞomvĺ 0
7b]b|-Ѵbv-ঞomo=|u-7;v†rrou|v;uˆb1;v
-m7ŊbmŊ_-m7‰b|_|_bvķ|_;Šrou| 2015 2016 2017 2018
‰-vv;;m-v-l;-mvo=ruo7†1bm]-
om-mŒ-v1_;l;‰-vu;bm|uo7†1;7-v Turnover - Trade
1olr;ঞঞˆ;;7];bm|_;l-uh;|ĺm|_bv
Turnover - Non Trade
u;]-u7ķv;ˆ;u-Ѵm;‰bmbঞ-ঞˆ;v‰;u;uoѴѴ;7
Fee & Commission Income -
o†|7†ubm]|_;‹;-uķlov|vb]mbC1-m|0;bm]
Trade Related Services
|_;7b]bঞv-ঞomo=|_;or;mbm]ruo1;vv 1oll;m1;7bmƑƏƐƕ‰o†Ѵ70;;Šr;7b|;7
Rs Mn |o;m-0Ѵ;1†v|ol;uv|o1olrѴ;|;|_;bu bm|_;1olbm]‹;-uĺb]_;ubmˆ;v|l;m|bm
2,000 7b]b|-ѴrѴ-oulvbv-ѴvorѴ-mm;7bmou7;u
or;mbm]ruo1;vvomѴbm;ĺ b]b|-Ѵbvbm]
|_;$;Ѵ;]u-r_b1$u-mv=;uŐ$$őruo1;vv‰-v |obm1u;-v;|_;u;-1_-m7-Ѵvo=†u|_;u
1,500 -mo|_;ubmbঞ-ঞˆ;-bl;7-|;m_-m1bm] ;m_-m1;|_;1†v|ol;u1omˆ;mb;m1;
or;u-ঞom-Ѵ;L1b;m1b;v‰_bѴv|1u;-ঞm] =-1|ouĺ
1†v|ol;u1omˆ;mb;m1;ĺ
1,000 Bank Notes Operations
†|†u; o1†v "|u-|;]‹-m7 o1†v
500 obm]=ou‰-u7|_;ruboub|‹‰o†Ѵ70; ;vrb|;-v|uom]Ѵ;-7;uv_brrovbঞombm
|o|-rbm|o-ѴѴl-uh;|v;]l;m|v-1uovv |_;l-uh;|-m70;bm]|_;omѴ‹0-mh|o
1,721
1,454

1,461

1,616

|_;1o†m|u‹ĺ|bv;Šr;1|;7|_-||_bv _-m7Ѵ;-|o|-Ѵo=Ƒѵ]Ѵo0-Ѵ1†uu;m1b;vķ
0
2015 2016 2017 2018 ;@ou|‰o†Ѵ70;7ubˆ;m0‹|_;7;7b1-|;7 "-lr-|_-mhĽv†mb|1omঞm†;v|o
|u-7;v;uˆb1;v†mb|vv;|†r-|v;Ѵ;1|;7 =-1;vঞ@1olr;ঞঞoml-bmѴ‹om-11o†m|
0u-m1_;vĺ11ou7bm]Ѵ‹ķ|_;ruo]u-l|ov;| o=|_;]uo‰bm]m†l0;uo=bm=oul-Ѵ
†r7;7b1-|;7|u-7;v;uˆb1;v†mb|vķ‰_b1_ 1_-mm;Ѵvĺ)b|_-ѴѴ;@ou|v=ou|_;ƑƏƐѶ

SAMPATH SIMPLIFIED 99
GLOBAL BANKING

=o1†v;7omv|-‹bm]-_;-7o=r;;uvķ|_; ˆoѴ†l;v=ou|_;=ou|_1olbm]‹;-u‰o†Ѵ7 0oov||o|_;-mhĽv]Ѵo0-Ѵ1oˆ;u-];0‹

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r-u|m;u7†ubm]|_;‹;-uĺ-ˆbm]ru;ˆbo†vѴ‹ v|u-|;]b1|_u†v|bm|_;‹;-u-_;-7‰o†Ѵ7 ƑƏƏ1o†m|ub;v-uo†m7|_;‰ouѴ7ĺ
or;u-|;7‰b|_omѴ‹om;u;r-|ub-ঞom-];m| |_;u;=ou;0;|o];m;u-|;-u;-vom-0Ѵ;
0-v;7bm"bm]-rou;ķ|_bvm;‰-]u;;l;m| bm1u;-v;bmˆoѴ†l;v|_-|‰o†Ѵ7;m-0Ѵ;|_; $_;-mh_-v-vr;1b-Ѵ-uu-m];l;m|‰b|_
‰b|_-]uo†m7r-u|m;ubm|_;lb77Ѵ; |ol-bm|-bmb|vѴ;-7;uv_brrovbঞombm |_;†u;-†o= ou;b]mlrѴo‹l;m|bm"ub
;-v|‰bѴѴ-ѴѴo‰|_;-mh|o;Šr;7b|;|_; |_;l-uh;|ĺ -mh-|o1om7†1||u-bmbm]ruo]u-ll;v
1†uu;m1‹_-m7Ѵbm]ruo1;vv‰b|_bm|_-| =oulb]u-m|‰ouh;uv0;=ou;Ѵ;-ˆbm]|_;
u;]bomĺ Remittances 1o†m|u‹ĺ
"|u-|;]‹-m7 o1†v
;-m‰_bѴ;ķ-vr-u|o=|_;oˆ;u-ѴѴ m|_;‹;-u†m7;uu;ˆb;‰ķ|_;h;‹ruboub|‹ $_;-mhĽv-rrobm|l;m|-v|_;Š1Ѵ†vbˆ;
;L1b;m1‹blruoˆ;l;m|v|u-|;]‹ķ|_; =ou|_;bm‰-u7u;lb‚-m1;v0†vbm;vv‰-v -mhbm]-u|m;u=ou|_;m;‰Ѵ‹Ѵ-†m1_;7
or;u-ঞm]v‹v|;l‰-v-Ѵvo†r]u-7;7|o |obm1u;-v;|_;1om1;m|u-ঞom‰b|_bm -|-u(bv-;m|u;‰_;u;-ѴѴ -|-ulb]u-m|
;m-0Ѵ;vr;;7b;uv;uˆb1;|o|_;1†v|ol;uĺ |_;u;]bom‰_b1_-11o†m|v=ou- ‰ouh;uvŝˆbv-v-u;ruo1;vv;7bv-Ѵvov;;m
vb]mbC1-m|1_†mho=|_;-mhĽvbm‰-u7 -v-vb]mbC1-m|0u;-h|_uo†]_bmu;-1_bm]
"†ll-u‹o=!;v†Ѵ|v o†||o-m;vঞl-|;7ƔѵķƏƏƏƳlb]u-m|
u;lb‚-m1;ˆoѴ†l;vĺmr-u-ѴѴ;Ѵķ|-u];|;7
Ѵ|_o†]_u;v†Ѵ|v=ou|_;‹;-ubm7b1-|; ;@ou|v|o7;;r;m|_;r;m;|u-ঞombm ‰ouh;uv|u-ˆ;ѴѴbm]|o -|-u;-1_‹;-uĺ
-7;1u;-v;bmu;r-|ub-ঞomˆoѴ†l;v |_;&u;]bom‰;u;=†u|_;uv|;rr;7†rĺ
1olr-u;7|o|_;ru;ˆbo†v‹;-uķ|_;Ľv Sampath Simplified...
;-m‰_bѴ;ķ]bˆ;m|_;0†vbm;vvv;mvbঞˆb|‹
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ƑƑĺƑѷ‹;-uŊomŊ‹;-uĺ$_bv‰-vl-bmѴ‹ Ѵ;vvomvѴ;-um|bm|_;r-v|ķ;Šr-m7bm] ‰b|_|_;-blo=;m_-m1bm]|_;
-‚ub0†|;7|o|_;ѶĺƑѷbm1u;-v;bm |_;]Ѵo0-Ѵ=oo|rubm|‰-vv;;m-v1u†1b-Ѵĺ 1†v|ol;u;Šr;ub;m1;ĸ
;Š1_-m];bm1ol;-v-|ƒƐv| ;1;l0;u 11ou7bm]Ѵ‹|ou;7†1;|_;7;r;m7;m1‹om
ƑƏƐѶ1o†rѴ;7‰b|_|_;v|ub1|1ov|1om|uoѴ y $o1†|7o‰mom|u-mv-1ঞomঞl;ķ
-=;‰h;‹l-uh;|vķv;ˆ;u-Ѵm;‰r-u|m;uv
l;-v†u;vblrѴ;l;m|;77†ubm]|_;‹;-u lov|;Šbvঞm]r-u|m;uv‰;u;
‰;u;om0o-u7;77†ubm]ƑƏƐѶķbm1Ѵ†7bm]
|_-|;mv†u;7|_;1ov|v|u†1|†u;v|o bm|;]u-|;7‰b|_|_;-mhĽv‰;0
m;‰ঞ;Ŋ†rvbm&-m7†v|u-Ѵb-ķ‰_bѴ;
u;l-bmomr-u‰b|_|_;ru;ˆbo†v‹;-uĺ voѴ†ঞomķ;m-0Ѵbm]|_;l|ov;m7
;@ou|v|ov|u;m]|_;m|_;o†|u;-1_bm
u;lb‚-m1;vbmv|-m|Ѵ‹bmu;-Ѵঞl;ĺ
;Šbvঞm]l-uh;|vѴ;7|o|‰om;‰vb]m†rv
†|†u; o1†v bm-r-m‰_;u;|_;-mh_-7†r|omo‰
)b|_|_;Ľv1†uu;m1‹u;r-|ub-ঞom 0;;mor;u-ঞm]|_uo†]_omѴ‹om;]uo†m7 "†ll-u‹o=!;v†Ѵ|v
ˆoѴ†l;vr;]];7|o|_;rub1;o=]oѴ7 r-u|m;uĺ$_;-mhĽvm;‰r-u|m;uv_br )b|_-ѴѴl-uh;|r;m;|u-ঞomv|u-|;]b;v
bm|_;Ѵo1-Ѵl-uh;|ķb|bv;Šr;1|;7|_-| ‰b|_);v|;um&mbomom;‹$u-mv=;u ‰ouhbm]o†|-v;Šr;1|;7ķbm‰-u7
v_o†Ѵ7|_;oˆ;uml;m|blrov;7ƐƔѷ "‹v|;l‰_b1_1-l;bm|o;@;1|omƐƔ|_ u;lb‚-m1;ˆoѴ†l;vu;]bv|;u;7-v|uom]
oѴ7$-Šu;l-bmbm;@;1|ķu;r-|ub-ঞom ";r|;l0;uƑƏƐѶ-Ѵvo-77v-1omvb7;u-0Ѵ; ƑƑĺƒѷ]uo‰|_1olr-u;7|o|_;ru;ˆbo†v
‹;-uĺ$_;m†l0;uo=|u-mv-1ঞomv|oo
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u;rou|;7bm|_;ru;ˆbo†v‹;-uĺ

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-1_b;ˆ;l;m|vķr-uঞ1†Ѵ-uѴ‹bmѴb]_|o=|_;
=-1||_-|oˆ;u-ѴѴbm‰-u7u;lb‚-m1;v|o|_;
1o†m|u‹bmƑƏƐѶ7;1Ѵbm;70‹ƑĺƐѷ=uol
|_;C]†u;u;rou|;7bmƑƏƐƕĺ

†|†u; o1†v
$_;=o1†v=ou|_;=†|†u;‰bѴѴ0;l-bmѴ‹
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|_;-mhĽv]Ѵo0-Ѵru;v;m1;bmou7;u|o
]uo‰l-uh;|v_-u;bm-ѴѴl-uh;|vķ-m7
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100 SAMPATH BANK PLC Annual Report 2018

NOSTRO ACCOUNTS,
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1olru;_;mvbˆ;ˆb;‰o=o†uov|uo
11o†m|vķouu;vrom7;m|-mhv-m7
Š1_-m];olr-mb;v
‰‰‰ĺv-lr-|_ĺѴh

ƑƏƓ
ouu;vrom7;m|
ƒѵ 111
ov|uo Š1_-m];
-mhv 11o†m|v olr-mb;v

SAMPATH SIMPLIFIED 101

TREASURY

|o;m1o†u-];]u;-|;ur-uঞ1br-ঞombm|_; $_;0†vbm;vvķ‰_b1_1ol;v†m7;u
"With the top-line and l-uh;|0‹_b]_Ŋm;|‰ou|_bm7bˆb7†-Ѵv-m7 |_;r†uˆb;‰o=|_;$u;-v†u‹ķr;u=oul;7
|_;u;0‹]uo‰|_;7;ubˆ-ঞˆ;v0ooho=|_; ‰;ѴѴ-m7v†11;;7;7bml-hbm]-vb]mbC1-m|
bottom line growing
-mhĺ 1om|ub0†ঞom|o|_;-mhĽv0o‚olѴbm;ĺ
by 17.8% and 31.0%
"†ll-u‹o=!;v†Ѵ|v
respectively over the 1ঞˆb|‹bm|_;$u;-v†u‹bѴѴrouoѴbo‰-v
l-uh;70‹v|-0Ѵ;u-|;v=ou|_u;;Ŋlom|_ķ m-ѴѴ=uom|vķ|_;r;u=oul-m1;o=|_;
previous year, the vbŠŊlom|_-m7om;Ŋ‹;-u0bѴѴvķruolrঞm] $u;-v†u‹;Š1;;7;7;Šr;1|-ঞomv=ou
Treasury retained its |_;$u;-v†u‹|o1omঞm†;‰b|_b|vruoˆ;m |_;‹;-uĺ)b|_|_;|orŊѴbm;-m70o‚ol
v|u-|;]b;v|o0oov|vĺ1om1;u|;7 Ѵbm;]uo‰bm]0‹ƐƕĺѶѷ-m7ƒƐĺƏѷ
position as the top ;@ou|‰-v-Ѵvol-7;|ol-Šblbv;1-rb|-Ѵ u;vr;1ঞˆ;Ѵ‹oˆ;u|_;ru;ˆbo†v‹;-uķ|_;
contributor to the Bank’s ]-bmvķ-lb7v||o†]_;1omolb11om7bঞomv $u;-v†u‹u;|-bm;7b|vrovbঞom-v|_;|or
|_-|v-‰|_;l-uh;|_oˆ;ubm]-|v_ou|
results in 2018." rovbঞom=oulov|o=|_;‹;-uĺ
1om|ub0†|ou|o|_;-mhĽvu;v†Ѵ|vbmƑƏƐѶĺ

†|†u; o1†v
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"|u-|;]‹-m7 o1†v l-7;bmƑƏƐѶķlov|mo|-0Ѵ;-lom]|_;l ;mˆbuoml;m|ķ|_;l-bmruboub|‹=ou
)b|_v;ˆ;u-Ѵh;‹-u;-v†m7;ub|vr†uˆb;‰ķ 0;bm]|_;1omঞm†o†vblruoˆ;l;m|v|o |_;$u;-v†u‹‰o†Ѵ70;|oruo-1ঞˆ;Ѵ‹
|_;$u;-v†u‹-7or|;7-1ol0bm-ঞomo=b|v |_;$u;-v†u‹v‹v|;lĺ$_;loˆ;bvr-u| u;vrom7|ol-uh;|v;mঞl;m|vbmou7;u
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-rruo-1_;v|o;mv†u;]uo‰|_|-u];|v=ou v|u;-lѴbm;1†v|ol;uv;uˆb1;lo7;Ѵ-m7 -1ঞˆbঞ;vķ‰_bѴ;v|u;m]|_;mbm]|_;-mhĽv
ƑƏƐѶ‰;u;l;|ĺ$_bvbv;vr;1b-ѴѴ‹;ˆb7;m| |_;u;0‹v_-ur;mb|v1olr;ঞঞˆ;rovbঞom oˆ;u-ѴѴ0-Ѵ-m1;v_;;|-m71om|ub0†ঞm]
bm|_;$u;-v†u‹0†vbm;vv-vru;7b1|;7 bm|_;l-uh;|ĺ$o=†u|_;u1olrѴ;l;m||_; rovbঞˆ;Ѵ‹|o|_;0o‚olѴbm;bm|_;
bm|_;ru;ˆbo†v‹;-uķ]Ѵo0-Ѵl-uh;|v ;@ou|ķ|_;bmˆ;v|l;m|omv|-@|u-bmbm] 1olbm]‹;-uĺ
u;l-bm;7ˆoѴ-ঞѴ;bmƑƏƐѶķ‰b|_|_;&"Ŋ ‰-vbm1u;-v;7ķ‰b|_l;l0;uvo=|_;
_bm-|u-7;|;mvbomvķ|_;-mঞ1br-|;7 $u;-v†u‹|;-lr-uঞ1br-ঞm]bm0o|_Ѵo1-Ѵ $_;roѴbঞ1-Ѵķ;1omolb1ķvo1b-Ѵ-m7
u-|;_bh;0‹|_;&" ;7;u-Ѵ!;v;uˆ; -m7oˆ;uv;-v|u-bmbm]ruo]u-ll;vĺ |;1_moѴo]b1-Ѵ;mˆbuoml;m|v-u;Ѵbh;Ѵ‹|o
-m7|_;l-1uo;1omolb10†ѴѴbv_m;vv u;l-bm1_-ѴѴ;m]bm]=ou|_;=ou;v;;-0Ѵ;
bm|_;&u;]bomķ-ѴѴ_-ˆbm]-m;]-ঞˆ; ;-m‰_bѴ;ķbm1-uu‹bm]o†|b|vl-m7-|; =†|†u;-m7|_;$u;-v†u‹‰o†Ѵ7Ѵooh|o
0;-ubm]om|_;Yo‰o=bmˆ;v|l;m|bm|o |ol-m-];|_;-mhĽvѴbt†b7b|‹rovbঞomķ Ѵ;ˆ;u-];om|_;v|u;m]|_o=;Šbvঞm]
;l;u]bm]l-uh;|vbmvb--m7"ub-mh-ĺ |_;$u;-v†u‹=o1†v;7oml-bm|-bmbm] 1†v|ol;uu;Ѵ-ঞomv_brv-v|_;l-bm
$ooˆ;u1ol;|_;1_-ѴѴ;m];ķ|_;$u;-v†u‹ 1omvbv|;m|Ѵbt†b7b|‹Ѵ;ˆ;Ѵv|_uo†]_o†||_; ]uo‰|_1-|-Ѵ‹v|bm|_;‹;-uv-_;-7ĺ
1-rb|-Ѵbv;7om|_;"Ľv7;1bvbom|o ‹;-uķ‰;ѴѴ-0oˆ;|_;u;t†bu;7v|-|†|ou‹
l-bm|-bm]u;-|;uv|-0bѴb|‹bm0o|_|_; Ѵblb|ĺ
" !-m7|_;" !bm|_;Ѵ-v|t†-u|;uo=
|_;‹;-uķ-m7=o1†v;7ombm1u;-vbm]|_; USD/LKR Movement in 2018
v_-u;o=o|_;ubm|;u;v|‹b;Ѵ7bm]-vv;|v Rs
v†1_-v" vbm|_;-mhĽvCŠ;7bm1ol;
200
rouoѴboĺ bˆ;uvb=‹bm]bm|o"ub-mh-
"oˆ;u;b]mom7v‰-v-mo|_;uv|u-|;]‹ 190  182.90
|_-|‰-v-1ঞˆ;Ѵ‹r†uv†;7bm|_;‹;-u
180  175.70
†m7;uu;ˆb;‰ĺ
 179.05
170
ou;oˆ;uķ=-1;7‰b|_1omvb7;u-0Ѵ;  161.50
 157.70  158.35  169.20
roѴb1‹†m1;u|-bm|‹-[;u|_;7bu;1ঞˆ;v 160 155.00
153.50  159.70
bvv†;70‹|_;u;]†Ѵ-|ou-vr-u|o=|_;  158.35
155.70
150  154.00
u;ˆbv;7 ou;b]mŠ1_-m];1|ķ-v‰;ѴѴ
-v|_;v_-ur7;ru;1b-ঞomo=|_;!†r;; 140
Sep-18

Oct-18
Dec-17

Jan-18

Feb-18

Mar-18

Apr-18

Jun-18

Jul-18

Aug-18

Nov-18

Dec-18
May-18

bmlb7Ŋ";r|;l0;uƑƏƐѶķ|_;$u;-v†u‹
ru†7;m|Ѵ‹Ѵ;ˆ;u-];7oml-uh;||u;m7vbm
ou7;u|o7ubˆ;=ou;b]m;Š1_-m];bm1ol;
;vr;1b-ѴѴ‹bm|_;Ѵ-v|t†-u|;uo=|_;‹;-uĺ
;ˆ;Ѵorbm]-m;‰v|u†1|†u;77;ubˆ-ঞˆ;
bmv|u†l;m|‰-v-Ѵvo†m7;u|-h;mbm-0b7

102 SAMPATH BANK PLC Annual Report 2018

OPERATIONAL SUPPORT
$! &$!+ !$
&!&"""
$ "&""ş+""
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 !$
"&$!+ !$

"With no clear indication

that operating conditions
are likely to improve
in the near future, the
Recoveries Department
will continue to direct
its attention towards
controlling new entrants
to the NPA bucket. The
strategies initiated in
2018 are expected to
take the lead in achieving "ĻvŎ†vbm;vv"†rrou|;m|u;ŏ7oouv|;r0-mhbm]|;-lv1om7†1ࢼm]u;]†Ѳ-uC;Ѳ7bmvr;1ࢼomvo=1†v|ol;uv

this objective."
;1omolb11om7bঞomv-m7-7ˆ;uv;‰;-|_;u ;-m‰_bѴ;ķ;@ou|v|o=†u|_;uv|u;-lѴbm;
Network Services Centre (NSC) |_-|ru;ˆ-bѴ;7Ѵ-v|‹;-u1omঞm†;7|o0ubm] |_;u;1oˆ;u‹ruo1;vvv-‰1;u|-bm
ru;vv†u;om|_;|o†ubvl-m7-]ub1†Ѵ|†u; r-u|vo=|_;u;1oˆ;u‹lo7;Ѵ0;bm]
omঞm†bm]b|vl-m7-|;|oo@;u1ubঞ1-Ѵ
v;1|ouvķ0o|_-u;-v‰_;u;|_;-mh_-v- o†|vo†u1;7ķ‰b|_|_;-mh|‹bm]†r‰b|_
0-1hoL1;v†rrou|=ou|_;-mhĽv1ou;
1omvb7;u-0Ѵ;;Šrov†u;ĺ |;mo†|vo†u1;r-u|m;uv|o1om|u-1|o†|
or;u-ঞomvķ|_;l-bm=o1†v=ou"‰-v
|_;u;1oˆ;ub;v0;Ѵo‰-vr;1bC;7Ѵblb|ĺ
|o1olrѴ;|;r_-v;Ƒo=|_;ruo1;vv
ˆ;u-ѴѴlomb|oubm]l;1_-mbvlv‰;u; $_;loˆ;=oulvr-u|o=-0uo-7;u;@ou|
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bmƑƏƐƕĺov|mo|-0Ѵ‹ķ|_;7b]bঞv-ঞom
‰-umbm]|ooѴvbm|uo7†1;7bmou7;u|o bm1u;-v;|_;=o1†vomu;1oˆ;u‹o=_b]_
o=|_;7o1†l;m|-u1_bˆbm]ruo1;vvķ
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‰_b1_0;]-mbm|_;ru;ˆbo†v‹;-uķ‰-v
|o‰-u7v|-hbm]m;1;vv-u‹ru;;lrঞˆ;
v†11;vv=†ѴѴ‹blrѴ;l;m|;7ĺ
-1ঞomĺvr-u|o=|_bvv-l;v|u-|;]‹ķ|_; "†ll-u‹o=!;v†Ѵ|v
Central Cash Department (CCD) "ĽvŐ†vbm;vv"†rrou|;m|u;ő7oouŊ $_uo†]_|_;v;‰b7;vru;-7;@ou|v|_;
v|;r0-mhbm]|;-lv‰;u;|-vh;7‰b|_ -mh‰-vѴ-u];Ѵ‹v†11;vv=†Ѵbm1om|-bmbm]
vvb]m;7‰b|_|_;u;vromvb0bѴb|‹o=
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l-m-]bm]-ѴѴ1-v_u;t†bu;l;m|vķ|_; 
b7;mঞ=‹1†v|ol;uv=-1bm]7bL1†Ѵঞ;v-m7 0†1h;|ĺ$_;-mhŝvu-ঞo-v-|ƒƐv|
|oohv|;rv|o=†u|_;uu-ঞom-Ѵbv;|_;1-v_
;v1-Ѵ-|;v†1_1-v;v|o|_;!;1oˆ;ub;v ;1;l0;uƑƏƐѶ‰-vƒĺѵƖѷ‰_b1_ķ
l-m-];l;m|or;u-ঞombmƑƏƐѶĺov|
;r-u|l;m|=oubll;7b-|;-1ঞomĺ 7;vrb|;0;bm]_b]_;u|_-m|_;ƑƏƐƕ
mo|-0Ѵ;-lom]|_;l‰-v|_;bmˆ;v|l;m|
C]†u;ķ‰-vomѴ‹vѴb]_|Ѵ‹-0oˆ;|_;ƑƏƐѶ
bm-ru;7b1ঞˆ;1-v_l-m-];l;m||ooѴ
$_bv‰-v-11olr-mb;70‹-v;ub;vo= bm7†v|u‹-ˆ;u-];o=ƒĺƓѷĺ
;t†brr;7‰b|_-7ˆ-m1;7=ou;1-vঞm]
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|;1_mbt†;v|ov†rrou||_;-mhĽv
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ঞl;ĺ
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;r-u|l;m|bmƑƏƐѶ‰-v|o1om|-bm
|_;r†uˆb;‰o=|_;-m-]bm] bu;1|ou ƑƏƐѶ-u;;Šr;1|;7|o|-h;|_;Ѵ;-7bm
|_;ˆoѴ†l;o=m;‰;m|u-m|v|o|_;
‰b|_;@;1|=uolƑƔ|_†]†v|ƑƏƐѶĺ -1_b;ˆbm]|_bvo0f;1ঞˆ;ĺ
0†1h;|-m7l-bm|-bmu-ঞo‰b|_bm
oѴѴo‰bm]|_bv1_-m];ķ;Š|;mvbˆ;|u-bmbm]
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‰-v1-uub;7o†||ov_-ur;m|_;vhbѴѴvo=
|_;1;m|u-Ѵu;1oˆ;u‹|;-l-v‰;ѴѴ-vC;Ѵ7
u;1oˆ;u‹r;uvomm;Ѵĺ

SAMPATH SIMPLIFIED 103

PERFORMANCE OF SUBSIDIARIES

GRIƐƏƑŊƓƔ

SIYAPATHA FINANCE PLC _-ѴѴ;m];70‹Ѵo‰;1omolb1-1ঞˆb|‹ u;ˆ-Ѵ†-ঞomv†urѴ†v-11o†m|;7†r|o

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=†ѴѴ‹Ŋo‰m;7v†0vb7b-u‹o="-lr-|_-mh |†umoˆ;uo=|_;oѴol0o"|o1hŠ1_-m]; -7f†v|l;m|‰-vu;t†bu;7Ѵ-v|‹;-u7†;|o
ĺ buv|;v|-0Ѵbv_;7bm-u1_ƑƏƏƔ-v u;1ou7;7-7;1u;-v;o=Ѷĺƕѷ=uol!v |_;-rb|-Ѵ-bm$-Šbm|uo7†1;70‹|_;
"-lr-|_;-vbm]ş -1|oubm]blb|;7ķ|_; ƑƑƓĺƑ mbmƑƏƐƕ|o!vƑƏƓĺѵmbmƑƏƐѶĺ m;‰mѴ-m7!;ˆ;m†;1|oĺƑƓo=ƑƏƐƕĺ
olr-m‹‰-vu;0u-m7;7bm";r|;l0;u omv;t†;m|Ѵ‹|_;ѴѴ"_-u;ub1;m7;Š
ƑƏƐƒ|ob|v1†uu;m|m-l;-[;u0;bm] Ő"ő-m7|_;"şm7;Š|oo7;1Ѵbm;7 $o|-Ѵ-vv;|v0-v;o=|_;olr-m‹
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|_; bm-m1;†vbm;vv1|oĺƓƑo=ƑƏƐƐ ƑƏƐѶķu;Y;1ঞm]-+o+7;1u;-v;o=ƔĺƏѷ ;m7ƑƏƐƕ|o!vƔĺƖm0‹|_;u;rouঞm]
0‹|_;;m|u-Ѵ-mho="ub-mh-ĺ -m7ƐƓĺѵѷu;vr;1ঞˆ;Ѵ‹ĺ 7-|;ĺ$_;l-bm-vv;|o=|_;olr-m‹bv
|_;0†bѴ7bm]vb|†-|;7bmoѴol0oƑĺ
†ubm]|_;‹;-uƑƏƐѶķ0-mhbm]-m7 ;vrb|;|_;v;1om7bঞomvķ|_;olr-m‹
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7†;|oѴo‰1u;7b|7;l-m7ĺ †;|o ƒĺƖm7†ubm]|_;‹;-u=uol!vƒƏĺѵ bmƑƏƐƕu;l-bmvom|u-1hĺ$_;l-bm
|_;ru;ˆ-bѴbm];1omolb11om7bঞomvķ mbmƑƏƐƕ|o!vƒƓĺƔmbmƑƏƐѶķ- v|u†1|†u-Ѵ‰ouh=ou|_;-77bঞom-ѴvbŠ
|_;-vv;|t†-Ѵb|‹7;|;ubou-|;7-m7 ]uo‰|_o=ƐƑĺѶѷĺ"";1†ubঞ;v_o‰;ˆ;u Yoouv‰-v1olrѴ;|;70‹ ;1;l0;uƑƏƐѶķ
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ƑƏƐѶ‰_b1_u;t†bu;7|_;1-Ѵ1†Ѵ-ঞomo= -77bঞom-Ѵ!vƐƏƏmbm|_bv1olr-m‹Ѵ-v|
‹;-u|o=-ѴѴbmѴbm;‰b|_|_;oѴol0o"|o1h SAMPATH INFORMATION
blr-bul;m|0-v;7om-m;Šr;1|;71u;7b| TECHNOLOGY SOLUTIONS LIMITED
Ѵovvlo7;Ѵķu;v†Ѵঞm]bm|_;blr-bul;m| Š1_-m];Ľvlbmbl†l1-rb|-Ѵu;t†bu;l;m|vĺ
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ruoˆbvbomvbm1u;-vbm]v†0v|-mঞ-ѴѴ‹bm
SAMPATH CENTRE LIMITED "oѴ†ঞomvblb|;7Ő"$"őbv-mo|_;u=†ѴѴ‹Ŋ
1olr-ubvom|o|_;ru;ˆbo†v‹;-uĺ
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bmƐƖƖѵ-v|_;Cuv|v†0vb7b-u‹o=|_; -ˆbm]Cuv|v|-u|;7o@-v-_-u7‰-u;
;ˆ;u|_;Ѵ;vv"b‹-r-|_-u;1ou7;7-ru;Ŋ
-mhĺ$_;olr-m‹o‰mv-m7l-m-];v ;t†brl;m|v†rrѴb;u|o|_;uo†r-m7
|-Š-m7rov|Ŋ|-ŠruoC|o=!vѶƒƒĺѶ m
|_;0†bѴ7bm]-|oĺƐƐƏķ"bu-l;v;bubv |oo|_;uCm-m1b-Ѵ-m7momŊCm-m1b-Ѵ
-m7!vƔƐѵĺƔmu;vr;1ঞˆ;Ѵ‹ĺ;|
-‰-|_-ķoѴol0oƏƑķ‰_b1__o†v;v|_; 1olr-mb;vķ"$"_-vmo‰;ˆoѴˆ;7bm|o-
bm|;u;v|bm1ol;-m7m;|=;;ş1ollbvvbom
-mhĽv_;-7oL1;-m7|_;_;-7t†-u|;uv =†ѴѴ‹Ŋbm|;]u-|;7$voѴ†ঞomvruoˆb7;u=ou
bm1ol;u;]bv|;u;7-‹;-uŊomŊ‹;-u]uo‰|_
0u-m1_ĺ!;m|-Ѵbm1ol;;-um;70‹Ѵ;-vbm] -ѴѴbm7†v|ub;vĺ
o=ƓѶĺƏѷ-m7ƐƓĺѵѷu;vr;1ঞˆ;Ѵ‹ĺ$_;
olr-m‹ĽvѴ;m7bm]rouoѴbo]u;‰0‹ o†||_;0†bѴ7bm]vr-1;bv|_;l-bmvo†u1;
o=bm1ol;o=|_;olr-m‹ĺ|ru;v;m| mƑƏƐѶ|_;olr-m‹u;1ou7;7-rov|Ŋ
ƑƏĺƖѷ|ou;-1_!vƒƒĺƏm-v-||_;
"-lr-|_-mho11†rb;v-ѴѴ;b]_|Yoouvo= |-ŠѴovvo=!vѵƖĺƐm1olr-u;7|o|_;
‹;-u;m7ĺo‰;ˆ;uķ7†;|o|_;u;-vomv
|_;0†bѴ7bm]ĺ rov|Ŋ|-ŠѴovvo=!vƕĺƕmu;rou|;7bm
l;mঞom;7-0oˆ;ķ|_;blr-bul;m|1_-u];
ƑƏƐƕĺ$_bvbvl-bmѴ‹7†;|oblr-bul;m|
om|_;Cm-m1b-Ѵbmv|u†l;m|vbm1u;-v;70‹
$_;olr-m‹l-7;-ru;Ŋ|-ŠruoC|o=!v ruoˆbvbomvo=!vƖƒĺƒml-7;7†ubm]
!vƔƖƒĺƏmŐƑƔƏĺƔѷő1olr-u;7|o|_;
ѵѶѶĺƏm=ou|_;‹;-uƑƏƐѶ1olr-u;7 |_;‹;-uĺo‰;ˆ;uķ7bv1o†mঞm]|_;
ru;ˆbo†v‹;-uĺ
|o!vѵƏƐĺƑmbmƑƏƐƕķ-+o+]uo‰|_o= blr-bul;m|ruoˆbvbomv-m7o|_;umomŊ
ƐƓĺƓѷĺ$_bv]uo‰|_bvl-bmѴ‹-‚ub0†|-0Ѵ; u;1†uu;m|b|;lvķ|_;olr-m‹l-7;-m
$_;olr-m‹u-bv;7!vѵƔƏm‰ou|_o=
|o|_;ƑƑĺƑѷ]uo‰|_bm=-buˆ-Ѵ†;]-bmom or;u-ঞm]ruoC|0;=ou;|-Šo=!vƐƑĺƓm
v_-u;1-rb|-Ѵ0‹‰-‹o=|‰o!b]_|vvv†;v
bmˆ;v|l;m|ruor;u|‹-m7|_;u;ˆbvbomo= =ouƑƏƐѶĺ
bm-m†-u‹ƑƏƐѶŐ!vƑƔƏmő-m7bm
oˆ;l0;uƑƏƐѶŐ!vƓƏƏmőĺ u;m|-Ѵu-|;vĺ
"-lr-|_-mhl-7;-1-rb|-Ѵbm=†vbom
SC SECURITIES (PRIVATE) LIMITED !;Y;1ঞm]-1olrѴ;|;|†um-uo†m7 o=!vƑƔƏm|o|_;olr-m‹bm
=uol|_;ru;ˆbo†v‹;-uķ|_;olr-m‹ -m†-u‹ƑƏƐѶ|ov†rrou|‰ouhbm]1-rb|-Ѵ
"";1†ubঞ;vŐubˆ-|;őblb|;7bv|_;
u;]bv|;u;7-rov|Ŋ|-ŠruoC|o=!vƔƔƓĺƕ u;t†bu;l;m|vĺmƑƏƐѶ|_;olr-m‹
v|o1h0uohbm]-ulo=|_;"-lr-|_-mh
mbmƑƏƐѶĺm1om|u-v||_;olr-m‹ -Ѵvo=o1†v;7om7;ˆ;Ѵorbm]v|u-|;]b1
uo†r-m7bv-=†ѴѴ‹Ŋo‰m;7v†0vb7b-u‹
u;1ou7;7-Ѵovvo=!vƐƕƐĺƐmbm|_; r-u|m;uv_brv|ov|u;m]|_;mb|v1-r-1b|‹|o
o=|_;-mhĺ$_;olr-m‹bv-Ѵb1;mv;7
ru;ˆbo†v‹;-u7†;|o|_;7;=;uu;7|-Š ruoˆb7;m|;urubv;"oѴ†ঞomv=ou-ѴѴl-fou
l;l0;uo=|_;oѴol0o"|o1hŠ1_-m];
-7f†v|l;m|l-7;om|_;1†l†Ѵ-ঞˆ; bm7†v|ub;vĺ
-m7or;u-ঞm]bm"ub-mh-Ľv1-rb|-Ѵl-uh;|
vbm1;ƐƖƖƑĺ

104 SAMPATH BANK PLC Annual Report 2018

INVESTOR INFORMATION
$! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

VALUE CREATION FOR SHAREHOLDERS

ƑƏƐѶ ƑƏƐƕ _-m];ѷ

;|-vv;|ˆ-Ѵ†;r;uv_-u;Ő!vő ƒƏƏĺƓƑ ƑƖƒĺƏƑ ƑĺƔƒ
uo†r;-umbm]vr;uv_-u;Ŋ-vb1Ő!vő ƓѵĺѶƔ ƔѶĺƕƓ ŐƑƏĺƑƓő
bˆb7;m7r;uv_-u;Ő!vő ƐѵĺƑƔ ƐƕĺƑƏ ŐƔĺƔƑő
-uh;|rub1;r;uv_-u;-v-|ƒƐv| ;1;l0;uŐ!vő ƑƒƔĺƏƏ ƒƐƔĺƕƏ ŐƑƔĺƔѵő

Bank’s Market Capitalisaon Rank Dividend per Share Earnings & Highest Market Price per Share
Rs Rs Rs
352.2
60 335.5 360
20 20 18.75
50 279.9 300
16.25
15 17.20 268.7
15 15 40 240
12 12
13.00 30 180
10 9 10
20 120

5 5 10 60

46.8
37.4

49.3

58.7
0 0
xxx

xxx

0 0 2015 2016 2017 2018

2015 2016 2017 2018 2015 2016 2017 2018 Earnings per Share - Group
Highest Market Price per Share - Bank (RHS)

ŝ"!$$"$!"$"҃"$ƒƐ"$ !

ƑƏƐѶ ƑƏƐƕ ƑƏƐѵ ƑƏƐƔ ƑƏƐƓ ƑƏƐƒ

"-lr-|_-mhŝvl-uh;|1-rb|-Ѵbv-ঞomŐ!vmő ѵѵķƏƐƑ ѵѶķƔƕƕ ƓѵķƏѶѵ ƓƑķƕƒƓ ƒƖķѵƕƕ ƑѶķѶƓƒ
m1u;-v;ņŐ7;1u;-v;őѷbml-uh;|1-rb|-Ѵbv-ঞom ŐƓѷő ƓƖѷ Ѷѷ Ѷѷ ƒѶѷ ŐƐƑѷő
"l-uh;|1-rb|-Ѵbv-ঞomŐ!vmő ƑķѶƒƖķƓƓƔ ƑķѶƖƖķƑƖƐ ƑķƕƓƔķƓƐƏ ƑķƖƒѶķƏƏƏ ƒķƐƏƓķѶѵƏ ƑķƓƔƖķƖƏƏ
v-ѷo="l-uh;|1-rb|-Ѵbv-ঞom ƑĺƒƑѷ Ƒĺƒƕѷ ƐĺѵѶѷ ƐĺƓƔѷ ƐĺƑѶѷ ƐĺƐƕѷ
-uh;|1-rb|-Ѵbv-ঞomu-mh Ɩ 12 12 ƐƔ 17 Ɛѵ

Composion of Share Ownership - 2018

Shareholders' Fund (No. of Shareholders) Bank’s ROE & Market Interest Rates
Rs Mn % %
25 23.47 23.35
100,000 5.56
4.31
20
80,000 53.17
18.42
15 16.02
60,000
10
40,000
36.96 5
11.1
10.0

11.5

10.1
 35,125

 44,489

 84,389
 63,650

20,000
9.8
7.2

6.6

8.9

0
0 Shares 500 & Less 2015 2016 2017 2018
2015 2016 2017 2018 Shares 501 - 5,000 Average of 12 Months AWFDR
Shares 5,001 - 10,000 Average of 12 Months T.B. Rate
ROE (aer income tax)
More than 10,000 Shares

SAMPATH SIMPLIFIED 105

INVESTOR INFORMATION

ANALYSIS OF SHAREHOLDERS
!;vb7;m|ņomŊ!;vb7;m|

ƒƐv| ;1;l0;uƑƏƐѶ ƒƐv| ;1;l0;uƑƏƐƕ

oĺo= oĺo= ѷ oĺo= oĺo= ѷ
"_-u;_oѴ7;uv "_-u;v "_-u;_oѴ7;uv "_-u;v
!;vb7;m|v_-u;_oѴ7;uv ƐѶķѶƓƒ ƑƐѵķƔƓѶķƓƑƑ ƕƕĺƏƖ ƐƕķƏƖƖ ƐƕƐķƕƑѵķƑƖѶ ƕƖĺƏѵ
omŊu;vb7;m|v_-u;_oѴ7;uv ƒƔƖ ѵƓķƒƔƒķѶƑѵ ƑƑĺƖƐ ƒƓƐ ƓƔķƓƖƔķƖƒѶ ƑƏĺƖƓ
Total ƐƖķƑƏƑ ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƐƕķƓƓƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

m7bˆb7†-Ѵvņmvঞ|†ঞomv

ƒƐv| ;1;l0;uƑƏƐѶ ƒƐv| ;1;l0;uƑƏƐƕ

oĺo= oĺo= ѷ oĺo= oĺo= ѷ
"_-u;_oѴ7;uv "_-u;v "_-u;_oѴ7;uv "_-u;v
m7bˆb7†-Ѵv ƐѶķƔƔѵ ѶƕķѵƏƕķƒƏƒ ƒƐĺƐƖ ƐѵķѶƕƐ ƕƓķƔѵƓķƏƔƕ ƒƓĺƒƒ
mvঞ|†ঞomv ѵƓѵ ƐƖƒķƑƖƓķƖƓƔ ѵѶĺѶƐ ƔѵƖ ƐƓƑķѵƔѶķƐƕƖ ѵƔĺѵƕ
Total ƐƖķƑƏƑ ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƐƕķƓƓƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

olrovbঞomo="_-u;‰m;uv_br

ƒƐv| ;1;l0;uƑƏƐѶ ƒƐv| ;1;l0;uƑƏƐƕ

oĺo= ѷ oĺo= ѷ oĺo= ѷ oĺo= ѷ
"_-u;_oѴ7;uv "_-u;v "_-u;_oѴ7;uv "_-u;v
"_-u;vƔƏƏşѴ;vv ƐƏķƑƐƏ ƔƒĺƐƕ ƐķѶƕѶķƒƒѵ Əĺѵƕ ƖķƒƏƐ Ɣƒĺƒƒ ƐķƕƒƐķѶƐƔ ƏĺѶƏ
"_-u;vƔƏƐŊƔķƏƏƏ ƕķƏƖѶ ƒѵĺƖѵ ƐƑķƒƒƏķƖƓƏ ƓĺƒƖ ѵķƔƒƏ ƒƕĺƓƓ ƐƏķƔƕƕķƓƓƔ ƓĺѶƕ
"_-u;vƔķƏƏƐŊƐƏķƏƏƏ 828 ƓĺƒƐ ƔķƖƏƕķƔƐƖ ƑĺƐƏ 770 ƓĺƓƑ ƔķƓƑѶķƔƔƓ ƑĺƔƏ
ou;|_-mƐƏķƏƏƏv_-u;v ƐķƏѵѵ ƔĺƔѵƑѵƏķƕѶƔķƓƔƒ ƖƑĺѶƓ ѶƒƖ ƓĺѶƐƐƖƖķƓѶƓķƓƑƑ ƖƐĺѶƒ
Total ƐƖķƑƏƑ ƐƏƏĺƏƏƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƐƕķƓƓƏ ƐƏƏĺƏƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

Composion of Share Ownership - 2018 Share Trading - Sampath Bank PLC

Bank’s Market Capitalisaon (No. of Shares) (No. of Shares Traded)

Rs Mn % Mn

0.67 4.39
80,000 50 48
2.10

64,000 42
38

48,000 34
27
32,000 26
92.84
16,000 18
66,012
42,734

46,086

68,577

19
xxx

0 Shares 500 & Less 10

2015 2016 2017 2018 Shares 501 - 5,000 2015 2016 2017 2018
Shares 5,001 - 10,000
More than 10,000 Shares

106 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

SHARE TRADING
-uh;|

ƑƏƐѶ ƑƏƐƕ ƑƏƐѵ ƑƏƐƔ ƑƏƐƓ

oĺo=|u-mv-1ঞomv ѶѶƔķѵƔƕ ƖѶƐķƖƕƕ ƐķƏƔѵķѶƓƖ ƐķƔƏѵķƕƖƏ ƐķƖѶƑķƕƏƖ
oĺo=v_-u;v|u-7;7 ѵķƏƏƏķƕƒƕķƒƏѵ ѶķƓѵѶķƑƕƒķѵƐƐ ƕķƐƖƔķѶƏƔķƓƓƔ ƖķƓƐƓķѵѵƐķƏƓѶ ƐѵķƕƑƐķƔƑƓķƑƏƖ
(-Ѵ†;o=v_-u;v|u-7;7Ő!vmő ƑƏƏķƏѵѶ ƑƑƏķƔƖƐ ƐƕѵķƖƒƔ ƑƔƒķƑƔƐ ƒƓƏķƖƐƕ

-mh

ƑƏƐѶ ƑƏƐƕ ƑƏƐѵ ƑƏƐƔ ƑƏƐƓ

oĺo=|u-mv-1ঞomv ƑƖķѵƑƒ ƐƕķƔƓƕ ƐƏķѵƖѶ ƐƓķƓѵƏ ƐѶķƓƏƒ
oĺo=v_-u;v|u-7;7 ƓѶķƓƓƓķƐƕƕ ƒƕķƕƑѵķƏƕƐ ƐѶķѶƒƏķƐƖƔ ƑѵķѶƖѶķƔƐƑ ƑƕķƕƐƑķƒƐƖ
v-ѷo=|o|-Ѵv_-u;vbmbvv†; ƐƕĺƑƔ Ɛƕĺƒƕ ƐƏĺѵƓ ƐƔĺѵƐ ƐѵĺƔƏ
ˆ;u-];7-bѴ‹|†umoˆ;uŐ!vmő ƔѵĺƕƔ ƓѶĺƖƓ ƐѶĺƕƕ ƑƖĺƑƑ ƑƓĺƒƓ
(-Ѵ†;o=v_-u;v|u-7;7Ő!vmő ƐƒķѵƑƐĺƐƐ ƐƐķƕƖƒĺƒƖ ƓķƓѶƓĺƖƔ ѵķƖѶƑĺƒƖ ƔķѶѵѵĺƒƕ

"-lr-|_-mhŝv"_-u;ub1; Ѵ†1|†-ঞom 

ƑƏƐѶ ƑƏƐƕ ƑƏƐѵ ƑƏƐƔ ƑƏƐƓ

o‰;v|l-uh;|rub1;Ő!vő ƑƐѶĺƏƏ ƑƔƒĺƔƏ ƑƐƏĺƏƏ ƑƒƔĺƑƏ ƐѵƓĺƑƏ
b]_;v|l-uh;|rub1;Ő!vő ƒƒƔĺƔƏ ƒƔƑĺƑƏ ƑѵѶĺƕƏ ƑƕƖĺƖƏ ƑƔƑĺƏƏ
Ѵovbm]rub1;-v-|ƒƐv| ;1;l0;uŐ!vő ƑƒƔĺƏƏ ƒƐƔĺƕƏ ƑѵƏĺƓƏ ƑƓѶĺƏƏ ƑƒѵĺƒƏ

Gross Dividend Shareholding of Individuals & Instuons Price Earning Rao as at 31st December
Rs Mn % Rs
100 400 10
5,000
68.8
66.2

66.3

65.7

80 320 7.2 8
4,000
60 240 5.5 5.6 6
5.2
3,000
40 160 4
2,000
56.06
47.35

45.13
34.66

20 80 2
235.00
248.00

260.40

315.70
31.2
33.8

33.7

34.3

1,000
 2,240

 3,362

 4,598

4,565

0 0 0
0 2015 2016 2017 2018 2015 2016 2017 2018
2015 2016 2017 2018 Market Price per Share - Bank
Individuals Earnings per Share - Bank
Instuons Price Earning Rao (Times) - Bank (RHS)

SAMPATH SIMPLIFIED 107

INVESTOR INFORMATION

Bank's Share Price Fluctuaon Share Trading - Sampath Bank PLC Price to Book Value as at 31st December
Rs Mn Rs Mn Rs
400 1.5
400 20 5,000 1.25
320 1.09 1.2
352.20 1.08
350 335.50 16 4,000
0.78
240 0.9
300 12 3,000
279.90
268.70 160 0.6
250 8 2,000
253.50
235.20 80 0.3

235.00

300.42
248.00

198.47

260.40
238.94

293.02
315.70
200 218.00 4 1,000
210.00
0 0.0
xxx

xxx
150 0 0 2015 2016 2017 2018
Dec 14

Dec 15

Dec 16

Dec 17

Dec 18
2015 2016 2017 2018
Market Price per Share - Bank
Highest Market Price
Net Asset Value per Share - Bank
Lowest Market Price Volume Traded (No. of Shares)
Closing Price as at 31st December Turnover (RHS) Price to Book Value Rao (Times) - Bank (RHS)

SAMPATH BANK PLC - ORDINARY SHARES

u;t†;m1‹ bv|ub0†ঞomo="_-u;_oѴ7;uv-v-|ƒƐv| ;1;l0;uƑƏƐѶ  

"_-u;!-m]; !;vb7;m| om!;vb7;m| $o|-Ѵ

"_-u;_oѴ7;uv

"_-u;_oѴ7;uv

"_-u;_oѴ7;uv
oĺo=

oĺo=

oĺo=

oĺo=

oĺo=

oĺo=
"_-u;v

"_-u;v

"_-u;v
ѷ

ѷ
ƐŊƑƔƏ ѵķƏƐѶ ƒƐĺƒƓ ƓƐƒķƑƕƖ ƏĺƐƔ 80 ƏĺƓƑ ƕķѵƐƕ ƏĺƏƏ ѵķƏƖѶ ƒƐĺƕѵ ƓƑƏķѶƖѵ ƏĺƐƔ
ƑƔƐŊƔƏƏ ƓķƏѵƔ ƑƐĺƐƕ ƐķƓƓƏķѶƓƕ ƏĺƔƐ Ɠƕ ƏĺƑƓ ƐѵķƔƖƒ ƏĺƏƐ ƓķƐƐƑ ƑƐĺƓƐ ƐķƓƔƕķƓƓƏ ƏĺƔƑ
ƔƏƐŊƐķƏƏƏ ƑķƕƐѵ ƐƓĺƐƓ ƐķƖƖƖķѶѵƓ ƏĺƕƐ ƔƏ ƏĺƑѵ ƒƕķƔƔƐ ƏĺƏƐ Ƒķƕѵѵ ƐƓĺƓƏ ƑķƏƒƕķƓƐƔ Əĺƕƒ
ƐķƏƏƐŊƑķƏƏƏ ƐķƖѵƐ ƐƏĺƑƐ ƑķѶѵƑķƓƐƖ ƐĺƏƑ 32 ƏĺƐƕ ƓѵķƓѵƏ ƏĺƏƑ ƐķƖƖƒ ƐƏĺƒѶ ƑķƖƏѶķѶƕƖ ƐĺƏƓ
ƑķƏƏƐŊƔķƏƏƏ ƑķƑƖƓ ƐƐĺƖƔ ƕķƑƒƖķƔƕƕ ƑĺƔѶ ƓƔ ƏĺƑƒ ƐƓƔķƏѵƖ ƏĺƏƔ ƑķƒƒƖ ƐƑĺƐѶ ƕķƒѶƓķѵƓѵ Ƒĺѵƒ
ƔķƏƏƐŊƐƏķƏƏƏ 801 ƓĺƐƕ ƔķƕƑƐķƏѶѵ ƑĺƏƓ 27 ƏĺƐƓ ƐѶѵķƓƒƒ ƏĺƏƕ 828 ƓĺƒƐ ƔķƖƏƕķƔƐƖ ƑĺƐƏ
ƐƏķƏƏƐŊƑƏķƏƏƏ ƓƕƖ ƑĺƓƖ ѵķѵƑѶķƒƓƐ Ƒĺƒѵ 22 ƏĺƐƐ ƒƐƓķƕƖƖ ƏĺƐƐ ƔƏƐ ƑĺѵƐ ѵķƖƓƒķƐƓƏ ƑĺƓƕ
ƑƏķƏƏƐŊƒƏķƏƏƏ 182 ƏĺƖƔ ƓķƒƑƏķѶƑƔ ƐĺƔƓ 7 ƏĺƏƓ ƐƕƒķƕƐƏ ƏĺƏѵ ƐѶƖ ƏĺƖѶ ƓķƓƖƓķƔƒƔ ƐĺѵƏ
ƒƏķƏƏƐŊƓƏķƏƏƏ 81 ƏĺƓƑ ƑķƕѶƑķƖѶѵ ƏĺƖƖ Ɠ ƏĺƏƑ ƐƓƒķѵƔƖ ƏĺƏƔ ѶƔ ƏĺƓƓ ƑķƖƑѵķѵƓƔ ƐĺƏƓ
ƓƏķƏƏƐŊƔƏķƏƏƏ ƔƔ ƏĺƑƖ ƑķƓƒѵķƖƖƑ ƏĺѶƕ 2 ƏĺƏƐ ƖƒķѵƓƑ ƏĺƏƒ Ɣƕ ƏĺƒƏ ƑķƔƒƏķѵƒƓ ƏĺƖƏ
ƔƏķƏƏƐŊƐƏƏķƏƏƏ ƕƖ ƏĺƓƐ ƔķƓѵѵķѶƑƑ ƐĺƖƔ Ɣ ƏĺƏƒ ƓƐƐķƔѶƒ ƏĺƐƔ ѶƓ ƏĺƓƓ ƔķѶƕѶķƓƏƔ ƑĺƏƖ
ƐƏƏķƏƏƐŊƐķƏƏƏķƏƏƏ ƖƑ ƏĺƓѶ ƑƓķƖƕƖķѵѵѶ ѶĺѶƖ ƑƓ ƏĺƐƑ ѶķƔƕƕķƓƒƓ ƒĺƏƔ ƐƐѵ ƏĺѵƏ ƒƒķƔƔƕķƐƏƑ ƐƐĺƖƔ
ƐķƏƏƏķƏƏƐŊˆ;u 20 ƏĺƐƏ ƐƔƏķƑƔƔķƕƐѵ ƔƒĺƓƖ ƐƓ ƏĺƏƕ ƔƓķƐƖƖķƑƕѵ ƐƖĺƑƖ ƒƓ ƏĺƐѶ ƑƏƓķƓƔƓķƖƖƑ ƕƑĺƕƖ
Total ƐѶķѶƓƒ ƖѶĺƐƒ ƑƐѵķƔƓѶķƓƑƑ ƕƕĺƏƖ ƒƔƖ ƐĺѶƕ ѵƓķƒƔƒķѶƑѵ ƑƑĺƖƐ ƐƖķƑƏƑ ƐƏƏĺƏƏ ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ

108 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

SAMPATH BANK PLC (ORDINARY SHARES)

$orƑƏ"_-u;_oѴ7;uv

oĺ "_-u;_oѴ7;um-l; ƒƐv| ;1;l0;uƑƏƐѶ ƒƐv| ;1;l0;uƑƏƐƕŖ

oĺo="_-u;v !-ঞoŐѷő oĺo="_-u;v !-ঞoŐѷő
1 ( ƓƑķƏƏƒķƏƒƐ ƐƓĺƖƔ ƒƑķƓѶƐķƏƑƓ ƐƓĺƖƔ
2 !+""( ƑѶķƏƒѶķѵѵƑ ƖĺƖѶ ƑƐķѵѶƏķƔƕѵ ƖĺƖѶ
3 +"!( $ & ƑѶķƏƐƒķƑƓƓ ƖĺƖƕ ƑƐķѵѵƑķѵƖƔ ƖĺƖƕ
Ɠ Ŋ$$)"$!$ & "Ŋ$$)"
"!)$ & ƐѵķƐƑѵķƒѶƕ ƔĺƕƓ ƖķƖƔƔķƓƕѶ ƓĺƔѶ
Ɣ !") Ő($ő$ Ŋ&$ĺƐ ƐƐķѶƑƕķѵƔѶ ƓĺƑƐ ƐƏķƕƕƓķƒƐƕ ƓĺƖѵ
ѵ Ŋ$$)"!" & ѶķƓƏѵķƓƏѵ ƑĺƖƖ ƔķƑѶƖķƕƖƏ ƑĺƓƓ
7 $)+!"ņ!"&$Ƒ ѶķƒƓƒķѶѶƓ ƑĺƖƕ ƒķƑѶƏķƔƒƑ ƐĺƔƐ
8 *($&!"!($$ ƔķѵƒƑķƔƓƑ ƑĺƏƐ ƑķƐѶƒķƓƒƔ ƐĺƏƐ
Ɩ !!$!"($$ ņƐ ƔķƔƖƒķƑƔƔ ƐĺƖƖ ƓķƏƓƒķƖƑѶ ƐĺѶѵ
10 !"$ ƓķƐѵƖķƖѶѶ ƐĺƓѶ ƑķѶƕƒķѶƏѶ ƐĺƒƑ
11 "$&$ĺƏƓ
Ő"$" & ő ƒķƔƏƑķѶѵƕ ƐĺƑƔ ƒķƏƒƑķƖƐƕ ƐĺƓƏ
12 "+ņ) !! ƒķƏƒƐķƏƏƏ ƐĺƏѶ Ŋ Ŋ
13 !""ņ(!!&"şĺ ƑķƖƑƓķѵƏƖ ƐĺƏƓ Ŋ Ŋ
ƐƓ !$"!$&$" & ƑķѶƖƖķƖƖѶ ƐĺƏƒ Ŋ Ŋ
ƐƔ +"$!&"$ & ! ƑķѵѶƐķƑƓƖ ƏĺƖƔ Ŋ Ŋ
Ɛѵ  "!$!"Ő($ő$ ƑķƔƒƔķѵƔƒ ƏĺƖƏ ƐķƕƒƒķѶƕƐ ƏĺѶƏ
17 &""&!ņŊƏƐņ ƑķƓƐƒķƔƒƒ ƏĺѶѵ ƐķѶѵѵķƒƖƐ ƏĺѶѵ
18 +"(!Ŋ&! &  ƑķƒƕѶķƖƕƒ ƏĺѶƔ ƑķƑѵƓķƑƏƒ ƐĺƏƓ
ƐƖ ĺĺŊ&"!&$!&"$ ƑķƑƕƓķƖƑƕ ƏĺѶƐ ƐķƕƔƖķƑƏƕ ƏĺѶƐ
20 +!Ŋ&$$!  $!&"$Ő!& ő$ ƑķƐƔƕķƒƔƓ Əĺƕƕ ƐķѶƕƐķƓƐƒ ƏĺѶѵ
ƐѶƓķƖƔƔķƑƑƏ ѵƔĺѶƓ ƐƑѵķƕƔƒķƔѶƔ ƔѶĺƒƔ

$o|-Ѵoĺo=v_-u;vu;]bv|;u;7 ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

$o|-Ѵoĺo=v_-u;v†mu;]bv|;u;7 Ŋ Ŋ Ŋ Ŋ
$o|-Ѵoĺo=v_-u;vbvv†;7 ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

"_-u;v_;Ѵ70‹ bu;1|ouv ƒƔķƏƓѵ ƏĺƏƐ ƑƒķƏѵѵ ƏĺƏƐ

"_-u;v_;Ѵ70‹mvঞ|†ঞomv ƐƖƒķƑƖƓķƖƓƔ ѵѶĺѶƐ ƐƓƑķѵƔѶķƐƕƖ ѵƔĺѵƕ
-Ѵ-m1;_;Ѵ70‹|_;uv ѶƕķƔƕƑķƑƔƕ ƒƐĺƐѶ ƕƓķƔƓƏķƖƖƐ ƒƓĺƒƑ
$o|-Ѵoĺo=v_-u;vbvv†;7 ƑѶƏķƖƏƑķƑƓѶ ƐƏƏĺƏƏ ƑƐƕķƑƑƑķƑƒѵ ƐƏƏĺƏƏ

oĺo=†0Ѵb1v_-u;_oѴ7;uv ƐƖķƐƖƐ ƐƕķƓƒƏ

ѷ"_-u;v_;Ѵ70‹†0Ѵb1 ѶѶĺƕƓ ѶѶĺƔƖ
ѷ"_-u;v_;Ѵ70‹ bu;1|ouv-m7!;Ѵ-|;7-uঞ;v ƐƐĺƑѵ ƐƐĺƓƐ
Ŗ"_-u;_oѴ7bm]-v-|ƒƐv| ;1;l0;uƑƏƐƕo=|_;|or|‰;m|‹v_-u;_oѴ7;uv-v-|ƒƐv| ;1;l0;uƑƏƐѶĺ

SAMPATH SIMPLIFIED 109

INVESTOR INFORMATION

DIVIDEND PAYMENT DETAILS

Year $o|-Ѵ bˆb7;m7 bˆb7;m7 -v_ bˆb7;m7 "1ubr bˆb7;m7 uoC|=ou|_; bˆb7;m7
-b7 r;u"_-u; r;u"_-u; r;u"_-u; Year -‹o†|!-ঞo
Ő!vmő Ő!vő Ő!vő Ő!vő Ő!vmő
2000 ƔѶĺƕƏ ƐĺƕƔ ƐĺƕƔ mņ- ƓƏƑ ƐƓĺѵƏѷ
2001 ƔƑĺƐƓ ƐĺƕƔ ƐĺƕƔ mņ- 322 ƐѵĺƐƖѷ
2002 ѶѶĺƔƕ ƑĺƏƏ ƑĺƏƏ mņ- ƓƓƐ ƑƏĺƏѶѷ
ƑƏƏƒŐm|;ublő ƔƖĺƕѶ
ƑĺƏƏ ƑĺƏƏ mņ- ƔѵƐ ƐƓĺƔѶѷ
ƑƏƏƒŐ bm-Ѵő ƑƐĺƖƖ
ƑƏƏƓŐm|;ublő ѵƔĺƖѶ
ƑĺƏƏ ƑĺƏƏ mņ- ѵƑƐ ƐѵĺƐƔѷ
ƑƏƏƓŐ bm-Ѵő ƒƓĺƒƏ
ƑƏƏƔŐm|;ublő ѶƕĺƐƓ
ƑĺƏƏ ƑĺƏƏ mņ- 821 ƐƓĺƔƓѷ
ƑƏƏƔŐ bm-Ѵő ƒƑĺƑƐ
ƑƏƏѵ ƐƔƔĺƓƕ ƑĺƔƏ ƑĺƔƏ mņ- ƐķƏƑѶ ƐƔĺƐƑѷ
2007 ƑƏѵĺѵѵ ƒĺƏƏ ƒĺƏƏ mņ- ƐķƏƔƑ ƐƖĺѵƓѷ
2008 ƑƔѵĺѵƔ ƓĺƏƏ ƓĺƏƏ mņ- ƐķƓƐƓ ƐѶĺƐƔѷ
ƑƏƏƖ ƓƒѵĺƐƖ ѵĺƑƔ ѵĺƑƔ mņ- ƑķƏƖѶ ƑƏĺƕƖѷ
2010 ƐķƑƒƔĺѶѵ ѶĺƏƖ mņ- ѶĺƏƖ ƒķƒƏƒ ƒƕĺƓƑѷ
2011 ƐķƓƑѵĺƖѶ ƖĺƏƏ ƓĺƔƏ ƓĺƔƏ ƒķѶƐƖ ƒƕĺƒƕѷ
2012 ƐķƖƔƓĺƐƏ ƐƑĺƏƏ ѵĺƏƏ ѵĺƏƏ ƔķƑƒƏ ƒƕĺƒѵѷ
2013 ƐķƒƓƑĺѵƒ ѶĺƏƏ ѶĺƏƏ mņ- ƒķƓƒƏ ƒƖĺƐƒѷ
ƑƏƐƓ ƐķѶƓƕĺƏƐ ƐƐĺƏƏ ƔĺƏƏ ѵĺƏƏ ƓķƖƐƓ ƒƕĺƔƖѷ
ƑƏƐƔ ƑķƑƓƏĺƏѵ ƐƒĺƏƏ ѵĺƏƏ ƕĺƏƏ ѵķƐƒƓ ƒѵĺƔƑѷ
ƑƏƐѵŐm|;ublő ƑķƓƕƕĺƕƒ mņ- ƐƓĺƏƏ
ƐѶĺƕƔ ƖķƐƑƔ ƒѵĺѶƔѷ
ƑƏƐѵŐ bm-Ѵő ѶѶƓĺƓƐ ƓĺƕƔ mņ-
ƑƏƐƕŐ bm-Ѵő ƓķƔƖѶĺƓƒ ƐƕĺƑƏ mņ- ƐƕĺƑƏ ƐƑķƐƏƓ ƒѶĺƏƏѷ
ƑƏƐѶŐuorov;7ő ƓķƔѵƓĺѵѵ ƐѵĺƑƔ ƔĺƏƏ ƐƐĺƑƔ ƐƑķƐƓƒ ƒƕĺƔƖѷ
mņ-Ŋmo|-rrѴb1-0Ѵ;
RECORD OF SCRIP ISSUES

Year vv†; -vbvņ oĺo= omvb7;u-ঞom om|ub0†ঞom !;-vom=ouvv†;

uorouঞom "_-u;vvv†;7 r;u"_-u; |o"|-|;7
-rb|-Ѵ
Ő!vő Ő!vmő
2010 m|;ubl"1ubr bˆb7;m7=ouƑƏƐƏ Ɛ=ouƐƑƏĺƕƓ ѵƑƕķƔƖѵ ƒƑѵĺƏƏ ƑƏƓĺѵ m1u;-v;v|-|;71-rb|-Ѵ
2011 bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƏ Ɛ=ouƓƒĺƒƖ ƒķƔƑƐķƑƖƓ ƑѵƏĺƏƏ ƖƐƔĺƔ m1u;-v;v|-|;71-rb|-Ѵ
2012 bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƐ Ɛ=ouƓƒĺƏѵ ƒķѵѶƑķƏƒƖ ƐƕƔĺƏƏ ѵƓƓĺƓ m1u;-v;v|-|;71-rb|-Ѵ
2013 bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƑ Ɛ=ouƒƒĺƐƑ ƓķƖƐѵķƏƏƕ ƐѶƏĺƐƏ ѶѶƔĺƓ m1u;-v;v|-|;71-rb|-Ѵ
ƑƏƐƔ bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƓ Ɛ=ouƒѶĺƐƓ ƓķƓƏƑķƓƏƑ ƑƏѵĺƖƖ ƖƐƐĺƒ m1u;-v;v|-|;71-rb|-Ѵ
ƑƏƐѵ bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƔ Ɛ=ouƒѵĺƖƐ ƓķѵѵѶķƓƐƓ ƑƒƒĺƓƓ ƐķƏѶƖĺѶ m1u;-v;v|-|;71-rb|-Ѵ
2017 m|;ubl"1ubr bˆb7;m7=ouƑƏƐѵ Ɛ=ouƐƖĺƑƑ ƖķƑƏƖķƓƐƖ ƑƓƑĺƔƔ ƑķƑƒƒĺƕ m1u;-v;v|-|;71-rb|-Ѵ
2018 bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƕ Ɛ=ouƐƖĺƕƑ ƐƒķƔƔƐķѶƏƓ ƑƖƐĺƖƒ ƒķƖƔѵĺƐ m1u;-v;v|-|;71-rb|-Ѵ

RECORD OF BONUS ISSUES AND SUBDIVISIONS

Year vv†; -vbvņuorouঞom oĺo= !;-vom=ouvv†;

"_-u;vvv†;7
ƑƏƏƓ om†vvv†; Ɛ=ouѵ ƕķƒѶƏķѶƐƕ ;m;C||ov_-u;_oѴ7;uv
2010 omvoѴb7-ঞom-m7"†07bˆbvbom 11 for 10 ѵķѶѶѶķƕѵƑ ;m;C||ov_-u;_oѴ7;uv
2010 "†07bˆbvbom 1 for 1 ƕѵķƓƏƒķƖѶѵ ;m;C||ov_-u;_oѴ7;uv

110 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

RECORD OF RIGHTS ISSUES

Year vv†; -vbvņuorouঞom oĺo= ub1;r;u om|ub0†ঞom|o
"_-u;vvv†;7 "_-u; "|-|;7-rb|-Ѵ
Ő!vő Ő!vmő
ƑƏƏƔ !b]_|vvv†;ƑƏƏƔ 1 for 3 held ƐƕķƑƑƐķƖƏƕ ѵƏĺƏƏ mņ-
2017 !b]_|vvv†;ƑƏƐƕ Ɛ=ouѵ_;Ѵ7 ƒƐķƏƒƐķƕƓѶ ƑƓƔĺƏƏ ƕķѵƏƑĺѶ
2018 !b]_|vvv†;ƑƏƐѶ 3 for 13 held ƔƏķƐƑѶķƑƏѶ ƑƔƏĺƏƏ ƐƑķƔƒƑĺƐ
mņ-Ŋmo|-rrѴb1-0Ѵ;

EMPLOYEE SHARE OPTION PLAN

-rb|-Ѵbv;7+;-u vv†; oĺo= ub1;r;u om|ub0†ঞom|o !;-vom=ouvv†;
"_-u;vvv†;7 "_-u; "|-|;7-rb|-Ѵ
Ő!vő Ő!vmő
2011 "ƑƏƐƏ ƔƑƓķƖƑƓ ѶƏĺƏƏ ƓƑĺƏ ;m;C|=ouv|-@l;l0;uv
2012 "ƑƏƐƏ ƑķƑƏƏķƓƒѵ ѶƏĺƏƏ ƐƕѵĺƏ ;m;C|=ouv|-@l;l0;uv
2013 "ƑƏƐƏ ƐƒƓķƖƒƒ ѶƏĺƏƏ ƐƏĺѶ ;m;C|=ouv|-@l;l0;uv
ƑƏƐƓ "ƑƏƐƏ ƐƑƑķѵƓѶ ѶƏĺƏƏ ƖĺѶ ;m;C|=ouv|-@l;l0;uv

RELATED PARTY TRANSACTIONS EXCEEDING 10% OF THE EQUITY OR 5% OF THE TOTAL ASSETS OF THE BANK
(DISCLOSURE AS PER SECTION 9 OF THE CSE LISTING RULES)
om;o=|_;|u-mv-1ঞomv1-uub;7o†|0‹|_;-mh‰b|_|_;!;Ѵ-|;7-uঞ;v_-ˆ;;Š1;;7;7|_;-]]u;]-|;lom;|-u‹ˆ-Ѵ†;o=ƐƏѷo=|_;
v_-u;_oѴ7;uvĽ;t†b|‹o=|_;-mhouƔѷo=|_;|o|-Ѵ-vv;|vo=|_;-mh-v-|ƒƐv| ;1;l0;uƑƏƐѶĺ    

DEBENTURE INFORMATION
Ґґ!$(&"

;0;m|†u;vŊƑƏƐƒņƑƏƐѶ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊƐƒĺƓƏѷ ƐƏƏĺƑƑ ƐƏƏĺƔƏ ƐƏƏĺƑƑ ƐƏƏĺƔƏ mņ- ƐƏƏĺƔƏ
bŠ;7ŊƐƒĺƏƏѷ ƐƏƏĺƏƏ ƖѶĺƔƏ ƐƏƏĺƏƏ ƖѵĺƏƏ mņ- mņ|
mņ-Ŋmo|-rrѴb1-0Ѵ;mņ|Ŋmo||u-7;7
;0;m|†u;vŊƑƏƐƒņƑƏƐѶ‰;u;u;7;;l;7omƓ|_ ;1;l0;uƑƏƐѶĺ

;0;m|†u;vŊƑƏƐƓņƑƏƐƖ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊѶĺƑƔѷ ƖƏĺƑѶ ѶƕĺƏƏ ƖƏĺƏƏ ѶƕĺƏƏ ƖƏĺƑѶ ѶƕĺƏƏ
bŠ;7ŊѶĺƐƏѷ mņ| mņ| mņ| mņ| mņ| mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐƔņƑƏƑƏ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊƖĺƖƏѷ ƐƏƏĺƏƏ mņ| ƐƏƏĺƏƏ mņ| ƐƏƏĺƏƏ mņ|
Ѵo-ঞm] mņ| mņ| mņ| mņ| mņ| mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐѵņƑƏƑƐ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊƐƑĺƕƔѷ ƐƏƏĺƔƏ ƐƏƐĺƔƏ ƖƖĺƏƏ ƖƖĺѶѵ ƐƏƏĺƏƏ ƖƖĺѶѵ
Ѵo-ঞm] ƖѶĺƔƏ mņ| ƖѶĺƔƏ mņ| ƖѶĺƔƏ mņ|
mņ|Ŋmo||u-7;7

SAMPATH SIMPLIFIED 111

INVESTOR INFORMATION

;0;m|†u;vŊƑƏƐƕņƑƏƑƑ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊƐƑĺƔƏѷ mņ| mņ| mņ| mņ| mņ| mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐѶņƑƏƑƒ b]_;v|Ő!vő o‰;v|Ő!vő +;-um7Ő!vő

ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
bŠ;7ŊƐƑĺƔƏѷ ƐƏƐĺѵƓ mņ- ƐƏƐĺѵƓ mņ- ƐƏƐĺѵƓ mņ-
mņ-Ŋmo|-rrѴb1-0Ѵ;

(B) INTEREST RATES

;0;m|†u;vŊƑƏƐƒņƑƏƐѶ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊƐƒĺƓƏѷ ƐƒĺƓƏѷ ƐƒĺƓƏѷ ƐƒĺƓƏѷ ƐƒĺƓƏѷ
bŠ;7ŊƐƒĺƏƏѷ ƐƒĺƏƏѷ ƐƒĺƓƑѷ ƐƒĺƏƏѷ ƐƒĺƓƑѷ
;0;m|†u;vŊƑƏƐƒņƑƏƐѶ‰;u;u;7;;l;7omƓ|_ ;1;l0;uƑƏƐѶĺ

;0;m|†u;vŊƑƏƐƓņƑƏƐƖ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊѶĺƑƔѷ ѶĺƑƔѷ ѶĺƑƔѷ ѶĺƑƔѷ ѶĺƑƔѷ
bŠ;7ŊѶĺƐƏѷ ѶĺƐƏѷ ѶĺƑѵѷ ѶĺƐƏѷ ѶĺƑѵѷ

;0;m|†u;vŊƑƏƐƔņƑƏƑƏ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊƖĺƖƏѷ ƖĺƖƏѷ ƐƏĺƐƔѷ ƖĺƖƏѷ ƐƏĺƐƔѷ
Ѵo-ঞm] * * * *
Ŗ Ѵo-ঞm]u-|;bv;t†bˆ-Ѵ;m||o|_;vbŠlom|_|u;-v†u‹0bѴѴu-|;Őm;|őrѴ†vƐĺƑƔѷrĺ-ĺr-‹-0Ѵ;v;lb-mm†-ѴѴ‹ĺ

;0;m|†u;vŊƑƏƐѵņƑƏƑƐ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊƐƑĺƕƔѷ ƐƑĺƕƔѷ ƐƑĺƕƔѷ ƐƑĺƕƔѷ ƐƑĺƕƔѷ
Ѵo-ঞm] * * * *
Ŗ Ѵo-ঞm]u-|;bv;t†bˆ-Ѵ;m||o|_;vbŠlom|_|u;-v†u‹0bѴѴu-|;Ő]uovvőrѴ†vƐĺƏѷrĺ-ĺr-‹-0Ѵ;v;lb-mm†-ѴѴ‹ĺ

;0;m|†u;vŊƑƏƐƕņƑƏƑƑ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊƐƑĺƔƏѷ ƐƑĺƔƏѷ ƐƑĺѶƖѷ ƐƑĺƔƏѷ ƐƑĺѶƖѷ

;0;m|†u;vŊƑƏƐѶņƑƏƑƒ ƑƏƐѶ ƑƏƐƕ

o†rom!-|; @;1ঞˆ;!-|; o†rom!-|; @;1ঞˆ;!-|;
bŠ;7ŊƐƑĺƔƏѷ ƐƑĺƔƏѷ ƐƑĺѶƖѷ mņ- mņ-
mņ-Ŋmo|-rrѴb1-0Ѵ;

112 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

Őő$!"$!$ !(!$"&!$"Ŋ!""!$"

v-|ƒƐv| ;1;l0;u ƑƏƐѶ ƑƏƐƕ

ƒom|_v$u;-v†u‹bѴѴ ƖĺѵƖѷ ѶĺƔƓѷ
ѵom|_v$u;-v†u‹bѴѴ ƐƏĺƏƑѷ ƖĺƑƑѷ
Ɣ+;-uv$u;-v†u‹om7 ƐƐĺƔѵѷ ƖĺƖƕѷ

Ő ő&!!$+  + $$&!$+

;0;m|†u;vŊƑƏƐƒņƑƏƐѶ bŠ;7 bŠ;7

ƐƒĺƓƏѷ ƐƒĺƏƏѷ
ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 Ɛƒĺƒƕѷ Ɛƒĺƒƒѷ ƐƒĺƓƑѷ mņ|
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; ƐƑĺƐѶѷ ƐƑĺѶƏѷ ƐƒĺƓƕѷ mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐƒņƑƏƐѶ‰;u;u;7;;l;7omƓ|_ ;1;l0;uƑƏƐѶĺ

;0;m|†u;vŊƑƏƐƓņƑƏƐƖ bŠ;7 bŠ;7

ѶĺƑƔѷ ѶĺƐƏѷ
ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 ƖĺƐƓѷ ƖĺƓѶѷ mņ| mņ|
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; ƐƔĺƖѵѷ ƐƔĺƏƓѷ mņ| mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐƔņƑƏƑƏ bŠ;7 Ѵo-ঞm]

ƖĺƖƏѷ
ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 ƐƏĺƐƔѷ mņ| mņ| mņ|
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; ƖĺѶƖѷ mņ| mņ| mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐѵņƑƏƑƐ bŠ;7 Ѵo-ঞm]

ƐƑĺƕƔѷ
ƑƏƐѶ ƑƏƐƕ ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 ƐƑĺƕƔѷ ƐƑĺƔѵѷ ƐƐĺƐƖѷ mņ|
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; ƐƑĺѵѵѷ ƐƑĺƑƔѷ ƐƐĺƑƕѷ mņ|
mņ|Ŋmo||u-7;7

;0;m|†u;vŊƑƏƐƕņƑƏƑƑ bŠ;7
ƐƑĺƔƏѷ
ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 mņ| mņ|
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; mņ| mņ|
mņ|Ŋmo||u-7;7

SAMPATH SIMPLIFIED 113

INVESTOR INFORMATION

;0;m|†u;vŊƑƏƐѶņƑƏƑƒ bŠ;7
ƐƑĺƔƏѷ
ƑƏƐѶ ƑƏƐƕ
†uu;m|‹b;Ѵ7 ƐƑĺѵѶѷ mņ-
+b;Ѵ7|ol-|†ub|‹o=Ѵ-v||u-7; ƐƑĺƏƒѷ mņ-
mņ-Ŋmo|-rrѴb1-0Ѵ;

(E) RATIOS - BANK

ƑƏƐѶ ƑƏƐƕ
;0||o;t†b|‹u-ঞoŐѷő ƕƐĺƑ ƕѶĺƕ
m|;u;v|1oˆ;uŐ$bl;vő ƔĺƔ ѵĺƖ
†b1h-vv;|u-ঞoŐѷő ƕƔĺѵ ƕѶĺƒ

UTILISATION OF FUNDS RAISED VIA CAPITAL MARKETS

$_;=†m7vu-bv;7|_uo†]_7;0;m|†u;v-m7ub]_|vbvv†;‰;u;=†ѴѴ‹†ঞѴbv;7=ou|_;o0f;1ঞˆ;vl;mঞom;7bm|_;ruovr;1|†v;vĺ

114 SAMPATH BANK PLC Annual Report 2018

 4
RISK &
GOVERNANCE

!bvh-m-];l;m|!;rou|116
olrѴb-m1;122
ourou-|;oˆ;um-m1;123
o-u7†7b|ollb‚;;!;rou|176
o-u7†l-m!;vo†u1;v-m7!;l†m;u-ঞomollb‚;;!;rou|179
o-u7olbm-ঞomollb‚;;!;rou|181
o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;!;rou|182
o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;!;rou|184

POLICIES AND
PROCEDURES
SIMPLIFIED

Ѵo†7$;1_moѴo]b;v
Ѵo†7|;1_moѴo]b;v_-ˆ;7;Ѵbˆ;u;7†ml-|1_;7-]bѴb|‹ķv;1†ub|‹-m7ruo7†1ঞˆb|‹|o
"-lr-|_-mhĺ);†v;|_;v;v;uˆb1;v=oul-m‹r†urov;vķbm1Ѵ†7bm]7-|--m-Ѵ‹ঞ1vķ
0-|1_ruo1;vvbm]-m77-|-v|ou-];ĺm|;ѴѴb];m|-m71u;-ঞˆ;†v;o=|_;v;v;uˆb1;v-Ѵvo
_;Ѵrv|_;-mhblruoˆ;ubvhl-m-];l;m|-m7u;7†1;1ov|vĺ
RISK MANAGEMENT REPORT

GRI 102-15,30

Overview $_;! bv-uo0†v|l;1_-mbvl7;vb]m;7 Risk Governance

$_;-mh‰ouhv‰b|_|_;†m7;uv|-m7bm] |ov†rrou||_;-mhĽv]uo‰|_rѴ-mv $_;†Ѵঞl-|;u;vromvb0bѴb|‹=ou;v|-0Ѵbv_bm]
|_-|b7;mঞ=‹bm]-m7;@;1ঞˆ;Ѵ‹l-m-]bm] |_uo†]_|_;ruoˆbvbomo=-rruorub-|;ubvh |_;!bvh-m-];l;m|roѴb1b;vo=|_;
|_;ubvhv-vvo1b-|;7‰b|_|_;0†vbm;vv bm=u-v|u†1|†u;|ob7;mঞ=‹ķlomb|ou-m7 -mh-m7lomb|oubm]|_;bu-rrѴb1-ঞom
‰bѴѴ;mv†u;h;‹7;Ѵbˆ;u-0Ѵ;v-u;l;|;ˆ;m 1om|uoѴubvh|-hbm]-1ঞˆbঞ;v-|-ѴѴѴ;ˆ;Ѵv bvˆ;v|;7‰b|_b|vo-u7o= bu;1|ouvĺ
†m7;u-7ˆ;uv;v|u;vv1om7bঞomvĺ$o7-‹ķ -1uovv|_;-mhĺ $_;o-u7o= bu;1|ouvbv1oѴѴ;1ঞˆ;Ѵ‹
ubvh1omvb7;u-ঞomv=oul-rbˆo|-Ѵbmr†| u;vromvb0Ѵ;=ou;v|-0Ѵbv_bm]-m;@;1ঞˆ;
bm-ѴѴ0†vbm;vvķv|u-|;]b1-m7or;u-ঞom-Ѵ $_;! bv0-v;7om|_;|_u;;Ѵbm;v -mhŊ‰b7;!bvh-m-];l;m|=u-l;‰ouh
7;1bvbomvo=|_;-mhĺuo-1ঞˆ;!bvh o=7;=;m1;lo7;Ѵķ‰_b1_ruolo|;v |-hbm]1o]mbv-m1;o=|_;-mhĽvvbŒ;ķ
-m-];l;m|bv|_;u;=ou;-||_;_;-u|o= |u-mvr-u;m1‹ķ-11o†m|-0bѴb|‹-m7 v1-Ѵ;-m7v1or;o=or;u-ঞomv-v‰;ѴѴ
"-lr-|_-mhĽvor;u-ঞomvĺ 1omvbv|;m1‹|_uo†]_|_;1Ѵ;-u -vѴom]Ŋ|;ulv|u-|;]b1o0f;1ঞˆ;vĺv
b7;mঞC1-ঞom-m7v;]u;]-ঞomo=uoѴ;vĺ v|-|;7-0oˆ;ķ†vbm;vvbm;vņourou-|;
$_;-mhĽvoˆ;u-ѴѴ-rruo-1_|oubvh †m1ঞomv|-h;o‰m;uv_br=ou|_;7-‹Ŋ
Risk Culture
l-m-];l;m|bvv†rrou|;70‹-‰;ѴѴŊ |oŊ7-‹l-m-];l;m|o=ubvhĺlom]|_;
7;Cm;7ķ1olru;_;mvbˆ;roѴb1‹=u-l;‰ouhķ $_;-mh0;Ѵb;ˆ;v|_-|=ouubvh h;‹o-u7ruboubঞ;vbv|_;u;ˆb;‰o=|_;
;@;1ঞˆ;]oˆ;um-m1;v|u†1|†u;v|o];|_;u l-m-];l;m||o0;|u†Ѵ‹;@;1ঞˆ;ķb| -mhĽvubvh-rr;ঞ|;-m7|oѴ;u-m1;Ѵ;ˆ;Ѵv
‰b|_-rruorub-|;|ooѴv-m7|;1_mbt†;v|o bv1ubঞ1-Ѵ|o7;ˆ;Ѵor|_;ub]_|ˆ-Ѵ†;v |oh;;rr-1;‰b|_1†uu;m|l-1uo;1omolb1
b7;mঞ=‹ķl;-v†u;-m7l-m-];ubvh‰b|_bm -m70;_-ˆbo†uv|_-|‰bѴѴv_-r;|_;‰-‹ 7;ˆ;Ѵorl;m|vĺ
|_;;v|-0Ѵbv_;7ubvh-rr;ঞ|;ĺ ;lrѴo‹;;v1-uu‹o†||_;bu7-‹Ŋ|oŊ7-‹
7†ঞ;v-m7u;vromvb0bѴbঞ;vĺou;oˆ;u- $_;o-u7l-m7-|;-Ѵvobm1Ѵ†7;v
ov|mo|-0Ѵ‹ķ|_;-mhu;l-bmvv|uom]Ѵ‹ ruo-1ঞˆ;!bvh†Ѵ|†u;r-ˆ;v|_;‰-‹ 1om7†1ঞm]u;]†Ѵ-uu;ˆb;‰v|ob7;mঞ=‹
=o1†v;7omv|u;m]|_;mbm]b|vubvh =ou0;‚;uu;rouঞm]-m77bv1Ѵov†u; ro|;mঞ-Ѵubvhv|_-||_;-mhl-‹
l-m-];l;m|=u-l;‰ouh-m71†Ѵ|†u;bm o=!bvhĺm7;ˆ;Ѵorbm]-v†b|-0Ѵ;ubvh 0;;Šrov;7|o7†ubm]|_;1o†uv;o=
ou7;u|o=-1bѴb|-|;]uo‰|_-lb7v|;ˆ;u 1†Ѵ|†u;ķ|_;-mh1om7†1|vu;]†Ѵ-u b|vor;u-ঞomvĺ$_bvl-‹u;t†bu;|_;
1_-m]bm]u;]†Ѵ-|ou‹u;t†bu;l;m|vĺ |u-bmbm]|_-|=o1†v;vomruoloঞm] =oul†Ѵ-ঞomo=m;‰roѴb1b;vou1-ѴѴ=ou
|_;u;t†bu;70;_-ˆbo†uv-lom] |_;-l;m7l;m|o=;Šbvঞm]ruo1;7†u;vbm
Risk Management Framework u;vromv;|oru;ˆ-bѴbm]1bu1†lv|-m1;vou-v
;lrѴo‹;;vĺomv;t†;m|Ѵ‹ķvb]mbC1-m|
$_;-mh_-v-7or|;7-mm|;]u-|;7 u;vo†u1;v-u;7;ˆo|;7=ou|u-bmbm] u;t†bu;70‹bm|;um-ঞom-ѴѴ‹-11;r|;70;v|
!bvh-m-];l;m| u-l;‰ouhŐŝ! ŝő|o ;lrѴo‹;;vbmubvh-‰-u;m;vvbm];m;u-Ѵ ru-1ঞ1;vĺ
;mv†u;0†vbm;vvv|u-|;]b;vķruoC|-0bѴb|‹ -m7;mv†ubm]|_ov;bmvr;1b-Ѵbv;7uoѴ;v
-m7Cm-m1b-Ѵv|-0bѴb|‹-u;1omvbv|;m|‰b|_ _-ˆ;|_;u;t†bu;7vhbѴѴv-m7;Šr;ub;m1; m1-uu‹bm]o†||_;bu!bvh-m-];l;m|
|_;-mhĽvv|u-|;]b;v-m7ubvh-rr;ঞ|;ĺ |o-11;r|-m7l-m-];ubvhvu;Ѵ-|;7|o 7†ঞ;vķ|_;o-u7bv-vvbv|;70‹|_;o-u7
|_;buuoѴ;vĺ m|;]u-|;7!bvh-m-];l;m|ollb‚;;ķ
|_;o-u7u;7b|ollb‚;;ķ|_;o-u7
†7b|ollb‚;;ķ|_;o-u7$u;-v†u‹
buv|bm;o= ;=;m1; ";1om7bm;o= ;=;m1; $_bu7bm;o= ;=;m1; ollb‚;;ķ-m7|_;o-u7$ollb‚;;
-vo-u7"†0Ŋollb‚;;v‰b|_;-1_v†0Ŋ
1ollb‚;;=o1†vbm]om7b@;u;m|-vr;1|v
†vbm;vvbm;vņourou-|; !bvh-m-];l;m|ş vv†u-m1; o=!bvh-m-];l;m|ĺ
†m1ঞomv om|uoѴv
$_;o-u7"†0Ŋollb‚;;v-u;v†rrou|;7
‰b|_";mbou-m-];l;m|ollb‚;;vķ
‰m;uv_br=ou|_;7-‹Ŋ|oŊ bu;1ঞom=ou!bvh uoˆb7bm]m7;r;m7;m|
m-l;Ѵ‹ķu;7b|oѴb1‹ķ!bvh-m7ouoѴbo
7-‹-m-];l;m|o=!bvhķ -m-];l;m|-m7 -m7o0f;1ঞˆ;-vv†u-m1;
!;ˆb;‰ollb‚;;ķ!bvh-m7olrѴb-m1;
;mv†u;v|_-|ubvhv-11;r|;7 olrѴb-m1;=-1bѴb|-|;v om|_;!bvh-m-];l;m|
ollb‚;;-m7$"|;;ubm]ollb‚;;ĺ
-u;‰b|_bm|_;-mhĽv _b]_Ѵ;ˆ;Ѵvo=ubvh ruo1;vv;v-m7ru-1ঞ1;v
ubvh-rr;ঞ|;-m7ubvh -‰-u;m;vv|_uo†]_o†||_; bmrѴ-1;ĺ
$_;!bvh-m-];l;m|&mb|Ő!&őķ|_;
l-m-];l;m|roѴb1b;vĺ ou]-mbv-ঞomĺm7;r;m7;m|Ѵ‹
olrѴb-m1;&mb|-m7|_;m|;um-Ѵ†7b|
lomb|ouv;@;1ঞˆ;
=†m1ঞomv-u;|_;o|_;uh;‹1olrom;m|v
blrѴ;l;m|-ঞomo=!bvh
o=|_;-mhĽv!bvhoˆ;um-m1;"|u†1|†u;ĺ
-m-];l;m| u-l;‰ouhĺ
†vbm;vv;-7vņu-m1_ !bvh-m-];l;m|&mb| m|;um-ѴņŠ|;um-Ѵ†7b|
-m-];uv †m1ঞom
olrѴb-m1;&mb|

116 SAMPATH BANK PLC Annual Report 2018

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FUNCTIONAL STRUCTURE OF THE INTEGRATED RISK MANAGEMENT FRAMEWORK OF THE BANK/GROUP

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o-u7m|;]u-|;7!bvh-m-];l;m|
-m-]bm] bu;1|ou
ollb‚;;Ő!ő

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-m7olrѴb-m1;&mb|
m|;]u-|;7!bvh-m-];l;m|&mb|

u;7b|!bvh-m-];l;m|&mb| -uh;|!bvh-m-];l;m|&mb| r;u-ঞom-Ѵ!bvh-m-];l;m|&mb|

u;7b|!bvh-m-];l;m| †m1ঞom u;7b|!bvh!;ˆb;‰ †m1ঞom

;-7o=!bvhşolrѴb-m1;Ŋ ;-7o= bm-m1;-m7olrѴb-m1; Ŋ"-lr-|_m=oul-ঞom -m-];uŊ

"b‹-r-|_- bm-m1; L1;uŊ"";1†ubঞ;vŐˆ|ő|7 $;1_moѴo]‹"oѴ†ঞomv|7 "-lr-|_;m|u;|7

RISK GOVERNANCE COMMITTEES

o-u7"|u-|;]b1Ѵ-mmbm]
o-u7†7b|ollb‚;;
ollb‚;;

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!;l†m;u-ঞomollb‚;; !;Ѵ-ঞomvollb‚;;

o-u7olbm-ঞomollb‚;;
o-u7$u;-v†u‹ollb‚;;

o-u7m|;]u-|;7!bvh o-u7;ˆ;Ѵollb‚;;v
o-u7-uh;ঞm]ollb‚;;
-m-];l;m|ollb‚;;

o-u7!;Ѵ-|;7-u|‹
o-u7$ollb‚;;
$u-mv-1ঞomv!;ˆb;‰ollb‚;;

o-u7u;7b|ollb‚;; o-u7-rb|-ѴѴ-mmbm]ollb‚;;

m|;um-Ѵ-rb|-Ѵ7;t†-1‹vv;vvl;m| u;7b|oѴb1‹ķ!bvh-m7ouoѴbo!;ˆb;‰
SAMPATH BANK ollb‚;;
uo1;vvŐőollb‚;;

†|vo†u1bm]ollb‚;; Š;1†ঞˆ;7ˆ-m1;vollb‚;;

uo1†u;l;m|ollb‚;; Š;1†ঞˆ;;ˆ;Ѵollb‚;;v 7ˆ-m1;vollb‚;;

"ub-mh- bm-m1b-Ѵ!;rouঞm]"|-m7-u7v vv;|şb-0bѴb|‹-m-];l;m|

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-m-];l;m|ollb‚;; mˆ;v|l;m|ollb‚;;

m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ !;rouঞm]

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Ő !őollb‚;;

SAMPATH SIMPLIFIED 117

RISK MANAGEMENT REPORT

Risk Appetite
Emerging Risks
mbm|;]u-Ѵ1olrom;m|o=|_;oˆ;u-ѴѴ
v|u-|;]‹=oul†Ѵ-ঞomruo1;vvķ|_;-mhĽv l;u]bm]ubvhv-u;|_ov;|_-|_-ˆ;|_;ro|;mঞ-Ѵ|ol-|;ub-Ѵbv;‰b|_bmom;‹;-u-m7
!bvhrr;ঞ|;ruoˆb7;vl;-v†u-0Ѵ; 1o†Ѵ7vb]mbC1-m|Ѵ‹-@;1||_;0†vbm;vv-1ঞˆbঞ;vo="-lr-|_-mhĺm-77bঞom
|-u];|v-m7|oѴ;u-m1;|_u;v_oѴ7v-1uovv |o|_;]uo‰bm]-m7;ˆ;uru;v;m|‹0;u";1†ub|‹$_u;-|vķ|_;h;‹;l;u]bm]ubvhv
-ѴѴl-|;ub-Ѵubvh1-|;]oub;vĺ$_bv1u;-|;v- b7;mঞC;7=ouƑƏƐƖ-u;Ĺ
=u-l;‰ouh‰_;u;orঞl-Ѵ]uo‰|_orঞomv
-uh;|&m1;u|-bm|‹
1-m0;;ˆ-Ѵ†-|;7-Ѵom]vb7;|_;ubvhv
bmˆoѴˆ;7bmou7;u|o7ubˆ;v†v|-bm-0Ѵ; ;b]_|;m;7l-uh;|†m1;u|-bm|‹u;l-bmv-h;‹1om1;umķ;vr;1b-ѴѴ‹]bˆ;m|_;1†uu;m|
r;u=oul-m1;ĺ l-1uo;1omolb11Ѵbl-|;ĺm|_bv1om|;Š|ķ|_;blr-1|om0†vbm;vv-1ঞˆbঞ;v-m7u;Ѵ-|;7
Cm-m1b-Ѵu;v†Ѵ|vķ‰o†Ѵ7-@;1|l-u]bmv-m7u;ˆ;m†;v-m7blr-bul;m|1_-u];vĺ
$_;l-bm-blo=v;মm]-!bvhrr;ঞ|;
bv|o;mv†u;|_-|ubvhv-u;ruo-1ঞˆ;Ѵ‹ $_;-mh‰bѴѴ1omঞm†;|o1om7†1|b|vom]obm]_oubŒomv1-m|ob7;mঞ=‹ruo0-0Ѵ;
l-m-];7-vr;u|_;o-u7-rruoˆ;7 7bv|†u0-m1;v‰_b1_1o†Ѵ7o11†u†m7;uˆ-u‹bm]l-uh;|1om7bঞomvķ‰b|_ru;Ŋ;lrঞˆ;
|oѴ;u-m1;Ѵblb|v=ou;-1_l-|;ub-Ѵubvh -1ঞom0;bm]|-h;m|ou;-Ѵb]mv|u-|;]b1o0f;1ঞˆ;vbmou7;u|olbঞ]-|;|_;m;]-ঞˆ;
1-|;]ou‹ĺ!bvhrr;ঞ|;|oѴ;u-m1;Ѵ;ˆ;Ѵv blr-1|om|_;0†vbm;vvĺ
-u;v;|-|7b@;u;m||ub]];uѴ;ˆ;Ѵv‰b|_
uo‰bm]u;v;m1;o= bm$;1_v
1Ѵ;-uѴ‹7;Cm;7;v1-Ѵ-ঞomu;t†bu;l;m|vķ
‰_b1_;m-0Ѵ;-rruorub-|;-1ঞomv|o0; )b|_lou;-m7lou; bm$;1_v;m1uo-1_bm]bm|oCm-m1b-Ѵv;uˆb1;v|;uub|ou‹ķ|_;-mh
7;Cm;7-m7blrѴ;l;m|;7-vu;t†bu;7ĺ bvv†0f;1||o-77bঞom-Ѵ1olr;ঞঞom-v|_;|u-7bঞom-Ѵ0-mhbm]moulv1ol;†m7;u
m1-v;v‰_;u;|_;|oѴ;u-m1;Ѵ;ˆ;Ѵv-u; ru;vv†u;ĺ)b|_|_;-7ˆ;m|o=1_;-r-m7=-v|1omm;1ঞˆb|‹ķvl-u|7;ˆb1;v-m7|_;
0u;-1_;7ķb|bv|_;u;vromvb0bѴb|‹o=|_; ror†Ѵ-ub|‹o=vo1b-Ѵl;7b-ķ=ou;ˆ;u1_-m]bm]1omˆ;mঞom-Ѵ0-mhbm]ķ|_;-mhĽv7b]b|-Ѵ
uo†r_b;=!bvhL1;u|o0ubm]|_;l v|u-|;]‹‰o†Ѵ7=o1†vomu;v_-rbm]|_;=†|†u;o=0-mhbm]bm"ub-mh-0‹Ѵ;ˆ;u-]bm]
|o|_;-‚;mঞomo=|_;l-m-];l;m|-m7 om7b]b|-Ѵbmmoˆ-ঞom-m7|_;bm|;ѴѴb];m|†v;o=7-|-ķ‰_bѴ;v‹v|;l-ঞ1-ѴѴ‹;Šr-m7bm]
u;vr;1ঞˆ;o-u7"†0ollb‚;;v-m7|_; 7b]b|-Ѵ1_-mm;Ѵv|o1-r|†u;-m7l-bm|-bml-uh;|Ѵ;-7;uv_brĺ
o-u7=oum;1;vv-u‹-1ঞomĺ
$_;-mh‰bѴѴ|_†vm;;7|ou;m;‰b|v1ollb|l;m||o‰-u7v7;ˆ;Ѵorbm]1_;-r;uŊ
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;mv†u;-Ѵb]ml;m|‰b|_|_;uo†rv|u-|;]‹ķ
!;]†Ѵ-|ou‹-m7olrѴb-m1;_-ѴѴ;m];v
0†vbm;vv;mˆbuoml;m|-m7v|-h;_oѴ7;u
u;t†bu;l;m|vĺm‹-l;m7l;m|v|o v|_;u;]†Ѵ-|ou‹Ѵ-m7v1-r;0;1ol;vlou;7‹m-lb1-m77;l-m7bm]ķ‰b|_u;]†Ѵ-|ouv
!bvhrr;ঞ|;-u;-uubˆ;7-||_uo†]_ Ѵoohbm]|oblruoˆ;|_;u;vbѴb;m1;o=0-mhv-m7v|u;m]|_;m|_;1o†m|u‹ĽvCm-m1b-Ѵ
7bv1†vvbomv0;|‰;;m†vbm;vvbm;;-7vķ v‹v|;lķ"-lr-|_-mh‰o†Ѵ7_-ˆ;|orѴ-m-_;-7|o=-1|oubmm;‰1olrѴb-m1;
|_;u;Ѵ;ˆ-m|o-u7"†0ollb‚;;v u;t†bu;l;m|vĺ
-m7uo†r_b;=!bvhL1;u-m7-u;
|_;u;-[;uu;1oll;m7;7=ou-rruoˆ-Ѵ0‹ $_;olrѴb-m1;=†m1ঞomo=|_;-mh‰bѴѴ1omঞm†;|oruoŊ-1ঞˆ;Ѵ‹;m]-];bm0†bѴ7bm]
|_;o-u7ĺ -1ourou-|;1†Ѵ|†u;0-v;7om;|_b1-Ѵˆ-Ѵ†;vķruo=;vvbom-Ѵ1om7†1|-m7|_;_b]_;v|
v|-m7-u7vo=bm|;]ub|‹ķbm|†um;mv†ubm]|_-||_;v;rubm1brѴ;v-u;-rrѴb;7|o|_;-mhĽv
Risk Profile -1ঞˆbঞ;v-|-ѴѴঞl;vĺ
$_;-mhĽvoˆ;u-ѴѴ!bvhuoCѴ;=†u|_;u
blruoˆ;7bmƑƏƐѶķ-v b|1_!-ঞm]v-mh-
|_u;v_oѴ7vbmrѴ-1;|oѴblb||_;;Šrov†u; ;-m‰_bѴ;ķ]bˆ;m|_;†m1;u|-bm;1omolb1
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|o|_;b7;mঞC;7!bvh;Ѵ;ˆ-|;7bm7†v|ub;vĺ 1om7bঞomvķ|_;-mh7;ˆ;Ѵor;7-moˆ;u-ѴѴ
-ঞom-Ѵu-ঞm]o=ƳŐѴh-ő-m7u;ˆbv;7
$_;]ub1†Ѵ|†u;v;1|ouѴ;m7bm]b7;mঞC;7 ubvhu-ঞm]=ou|_;-mhķ-1ol0bm-ঞom
|_;†|Ѵooh|oļ"|-0Ѵ;Ľ=uolļ;]-ঞˆ;Ľĺ
-v-ubvh;Ѵ;ˆ-|;7bm7†v|u‹ķl-bmѴ‹7†;|o o=0o|_t†-Ѵb|-ঞˆ;-m7t†-mঞ|-ঞˆ;
!bvhruoCѴ;v=oul-fou1-|;]oub;v‰;u;
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-Ѵvo‰b|_bm-11;r|-0Ѵ;Ѵblb|vķ7;vrb|;
;1omolb11om7bঞomvķu;l-bm;7‰;ѴѴ 1o†rѴ;7‰b|_;-uѴ‹‰-umbm]vb]m-Ѵv
vol;7;|;ubou-ঞombm-vv;|t†-Ѵb|‹‰_b1_
7bˆ;uvbC;7-|-ѴѴঞl;vĺ =ou;v;;mbm-ѴѴubvhˆ†Ѵm;u-0Ѵ;-u;-v-v-
blr-1|;7|_;-mhĽv1u;7b|ubvhĺo‰;ˆ;u
lomb|oubm]7-v_0o-u7ĺ
|_bv‰-v‰;ѴѴl-m-];7‰b|_l-Šbl†l

118 SAMPATH BANK PLC Annual Report 2018

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GRIƑƏƔŊƐ

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|o;ˆ-Ѵ†-|;|_;-mhĽvu;vbѴb;m1;|o v1;m-ubovv_o†Ѵ7|_;‹l-|;ub-Ѵbv;ĺ"ol; Šbvঞm]ruo1;vv1om|uoѴv-m7-77bঞom-Ѵ
1;u|-bm†mѴbh;Ѵ‹0†|rѴ-†vb0Ѵ;v|u;vv -77bঞom-Ѵblruoˆ;l;m|v‰;u;l-7;|o blruoˆ;l;m|vl-7;-u;7;|-bѴ;70;Ѵo‰ĸ
v1;m-ubovĺ)_bѴ;|_;u;v†Ѵ|vo=|_;v;

!bvh-|;]ou‹ !bvh-m-];l;m| uo1;vvom|uoѴvņbঞ]-ঞom1ঞom

u;7b|!bvh u;Ŋu;7b|!bvh o-u7rruoˆ;7oѴb1b;v

-m-];l;m| $u-bmbm]-m7hmo‰Ѵ;7];v_-ubm]|o0†bѴ71-r-1b|‹-m7;m_-m1;hmo‰Ѵ;7];-lom]
v|-@;m]-];7bm1u;7b|=†m1ঞomvĺ
m7;r;m7;m|u;ˆb;‰o=1u;7b|ruorov-Ѵv0‹u;7b|!bvh-m-];l;m|&mb|-0oˆ;-
ru;Ŋ-rruoˆ;7|_u;v_oѴ7ĺ
!o0†v|1u;7b|u-ঞm]lo7;Ѵv|o1-r|†u;7b@;u;m|0†vbm;vvlo7;Ѵvĺ
);ѴѴŊ7;Cm;77;Ѵ;]-|;7-†|_oub|‹Ѵ;ˆ;Ѵvĺ
ov|Ŋu;7b|!bvh o-u7rruoˆ;7oѴb1b;v
-m-];l;m| @;1ঞˆ;‰-|1_Ѵbvঞm]ruo1;vvv†rrou|;7‰b|_r;ubo7b1o-m!;ˆb;‰;1_-mbvlĺ
olru;_;mvbˆ;-m-Ѵ‹vbvo=7ˆ-m1;vouoѴbo-m7$orƒƏouuo‰;uvo=|_;-mhĺ
m7;r;m7;m|u;ˆb;‰o=blr-bul;m|ruo1;vv=ouvb]mbC1-m|Ѵ‹blrou|-m|0ouuo‰;uvĺ
!bvh-rr;ঞ|;Ѵblb|lomb|oubm]ĺ
m-Ѵ‹vbvo=ubvh;Ѵ;ˆ-|;7bm7†v|ub;v-m7v_-ubm]|_;Cm7bm]v‰b|_-ѴѴ]oˆ;um-m1;
0o7b;v-m70†vbm;vv†mb|vĺ
oѴb1‹ u-l;‰ouhv-m7 o-u7rruoˆ;7oѴb1b;v
rr;ঞ|;blb|v o‰mvbŒbm]o==;‰ubvh-rr;ঞ|;Ѵblb|v|ol-m-];-vvo1b-|;7!bvh
mbঞ-ঞomo=7b-]movঞ1vv|†7‹|o-vv;vv|_;u;-7bm;vvo=|_;-mhĽv1u;7b|u-ঞm]
lo7;Ѵ|o-7or|" !"Ɩ-m7 !-rruo-1_;v|_uo†]_-mŠ|;um-Ѵomv†Ѵ|-m|ŋ
umv|ş+o†m]m7b-ĺ
m|;um-Ѵu;7b|!-ঞm]o7;Ѵvˆ-Ѵb7-ঞom|_uo†]_-mŠ|;um-Ѵomv†Ѵ|-m|ŋ
umv|ş+o†m]m7b-ĺ
lrѴ;l;m|-ঞomo=m;‰!bvh-v;7ub1bm]l;1_-mbvlĺ
bt†b7b|‹!bvh "|u;m]|_;mbm] o-u7rruoˆ;7oѴb1b;v
omb|oubm];1_-mbvlv "_-ur;mbm]|_;-Ѵb]ml;m|‰b|_|_;"u;t†bu;l;m|v|_uo†]_|_;
bm|uo7†1ঞomo=m;‰r-u-l;|;uv=ouv;ˆ;u-Ѵu-ঞovbm1Ѵ†7bm]bt†b7b|‹oˆ;u-];
!-ঞovĺ
m|;u;v|!-|;!bvh uo-7;mbm]"|u;vvŊ o-u7rruoˆ;7blb|"|u†1|†u;ņoѴb1b;v
$;vঞm]-u-l;|;uv m|uo7†1ঞomo=ru†7;mঞ-ѴѴovvѴblb|v=ou|_;u;v;m|Ŋ(-Ѵ†;Ŋ-vbvŊobm|vŐ(ő
1-Ѵ1†Ѵ-ঞomvu;Ѵ-ঞm]|o|_;|u-7bm]rouoѴbo-m77†u-ঞom-r-m-Ѵ‹vbvĺ
ou;b]mŠ1_-m]; "|u;m]|_;mbm]$u;-v†u‹ o-u7rruoˆ;7oѴb1b;v
!-|;!bvh oˆ;um-m1; u-l;‰ouh m|uo7†1ঞomo=m;‰o-u7-rruoˆ;7$u;-v†u‹Ѵblb|v=ou=ou;b]m;Š1_-m];
or;u-ঞomvĺ
!;ˆ-Ѵ†-ঞomo=r;mrovbঞomvom-7-bѴ‹0-vbv-m7-m-Ѵ‹vbvo=|_;]-bmvņѴovv;vĺ
"|u;m]|_;mbm]-m7v;]u;]-ঞomo=7†ঞ;v0;|‰;;m uom|L1;ķb77Ѵ;L1;-m7
-1hL1;=†m1ঞomvĺ
lruoˆ;l;m|v7om;|_uo†]_-†|ol-ঞomo=lomb|oubm]ruo1;vvouvu;Ѵ-ঞm]|o
o-u7-rruoˆ;7Ѵblb|v|olbঞ]-|;|_; ou;b]mŠ1_-m];!bvh;vr;1b-ѴѴ‹=ou ;-Ѵ;u
blb|lomb|oubm]-u;-ĺ
"oˆ;u;b]m!bvh!-ঞm]ĺ

SAMPATH SIMPLIFIED 119

RISK MANAGEMENT REPORT

!bvh-|;]ou‹ !bvh-m-];l;m| uo1;vvom|uoѴvņbঞ]-ঞom1ঞom

o†m|u‹!bvh Ѵov;lomb|oubm] o-u7rruoˆ;7blb|"|u†1|†u;

l;1_-mbvlvomubvh omb|oubm]o=vr;1bC1v-m1ঞomvom1o†m|ub;v-m7vv;vvl;m|o=roѴbঞ1-Ѵ-m7
-vvo1b-|;7‰b|_o@v_ou; ;1omolb1vb|†-ঞomvķblb|-ঞomvom;m7bm]ņ-rvomѴ;m7bm]ĺ
Ѵ;m7bm]ĺ
!;]†Ѵ-ulomb|oubm]o=1o†m|u‹Ŋ‰bv;;Šrov†u;ĺ
-rb|-Ѵ!bvh ;;ঞm]u;]†Ѵ-|ou‹ †-u|;uѴ‹1olr†|-ঞomo=-rb|-Ѵ7;t†-1‹!-ঞovĺ"|u;vv|;vঞm]†m7;uˆ-ubo†v
1olrѴb-m1; -7ˆ;uv;v1;m-ubovĺ-rb|-Ѵ-†]l;m|-ঞoml;-v†u;vĺ
r;u-ঞom-Ѵ!bvh "|u;m]|_;m|_;m|;um-Ѵ o-u7rruoˆ;7oѴb1b;v
ruo1;vv;vķv‹v|;lv-m7 !bvh!;ˆb;‰vomm;‰ruo7†1|vruo1;vv;v-m7;Š|;um-Ѵv†rrѴb;uvņo†|vo†u1;7
1om|uoѴv v;uˆb1;ruoˆb7;uvĺ
m-Ѵ‹vbvo=l-|;ub-ѴѴovv;v
omb|oubm]-m7u;rouঞm]o=r;u-ঞom-Ѵ!bvhrr;ঞ|;blb|v-m7;‹!bvh
m7b1-|oublb|vŐ!vőĺ
m=oul-ঞom $Ѵ-mmbm]ruo1;vv o-u7-rruoˆ;7oѴb1b;v
$;1_moѴo]‹!bvh blruoˆ;l;m|v-m7 (-Ѵb7-ঞom|_uo†]_"‹v|;l†7b|vrubou|obˆ;blrѴ;l;m|-ঞomĺ
1Ѵov;Ѵ‹lomb|ou;7$
oˆ;um-m1;
‹0;u";1†ub|‹ !o0†v|1‹0;uv;1†ub|‹ o-u7rruoˆ;7oѴb1b;v
!bvh v|u-|;]‹ mˆ;vঞm]bmѴ-|;v|7;ˆ;Ѵorl;m|vbm|_;]Ѵo0-Ѵ1‹0;uv;1†ub|‹;1ov‹v|;lv
!-bvbm]-‰-u;m;vv-lom]v|-@omvo1b-Ѵ;m]bm;;ubm]-m7r_bv_bm]|;1_mbt†;v
"|u;m]|_;mbm]|_;]oˆ;um-m1;=u-l;‰ouh‰b|_-rruorub-|;ruo-1ঞˆ;-m7u;-1ঞˆ;
l;-v†u;v
;]-Ѵ!bvh olrѴb-m1;‰b|_ o-u7rruoˆ;7oѴb1b;v
v|-|†|ou‹-m7ņou 7;t†-1‹-m7;@;1ঞˆ;m;vvo=|_;1om|uoѴvu;ˆb;‰;70‹|_;;]-Ѵ ;r-u|l;m|ĺ
!;]†Ѵ-|ou‹ruoˆbvbomv
"r;1b-Ѵbv|Ѵ;]-Ѵ-7ˆb1;o0|-bm;7=uol;Š|;um-Ѵ1omv†Ѵ|-m|vom-m;;70-vbvĺ
|o;mv†u;|_-||_;
0†vbm;vv-1ঞˆbঞ;v‰b|_
Ѵ;]-Ѵblr-1|-u;ruor;uѴ‹
-vv;vv;7-m7;Š;1†|;7
"|u-|;]b1!bvh );ѴѴŊ7;Cm;7"|u-|;]b1 o-u7rruoˆ;7oѴb1b;v
Ѵ-m|ol-m-];;7b†lņ o-u7-rruoˆ;7|_u;;Ŋ‹;-uv|u-|;]b1rѴ-m1oˆ;ubm]-ѴѴ0†vbm;vv†mb|vĺ
om]Ŋ|;ul"|u-|;]b1
!;]†Ѵ-ulomb|oubm]0‹†vbm;vvbm;;-7vņѴ-mmbm] bˆbvbomĺ
o-Ѵvo=|_;0†vbm;vvĺ
m7;r;m7;m|u;ˆb;‰o="|u-|;]b1Ѵ-m0‹|_;!bvh-m-];l;m|&mb|ĺ
!;r†|-ঞom-Ѵ!bvh 7;t†-|;l;-v†u;v o-u7rruoˆ;7oѴb1b;v
=ouoˆ;um-m1;o= o7;o=om7†1|=ou|_;o-u7-m7-ѴѴv|-@l;l0;uvĺ
!;r†|-ঞom-Ѵ!bvh

Capital Adequacy |_;m|;um-Ѵ-rb|-Ѵ7;t†-1‹vv;vvl;m|

$_;-mh1omঞm†o†vѴ‹‰ouhv|o‰-u7v uo1;vvŐőĺ11ou7bm]Ѵ‹|_;
l-bm|-bmbm]-v|uom]1-rb|-Ѵ-7;t†-1‹ -mh;mv†u;v|_;l-m-]bm]o=1-rb|-Ѵ
rovbঞoml;-v†u;70‹u;]†Ѵ-|ou‹1-rb|-Ѵ -7;t†-|;Ѵ‹bmou7;u|ov†rrou|0†vbm;vv
-7;t†-1‹u-ঞovĺ$_;-mh_-v-7or|;7 ]uo‰|_ķl-bm|-bm1†v|ol;u1omC7;m1;ķ
|_;bm|;um-Ѵ-rb|-Ѵ7;t†-1‹vv;vvl;m| 1u;-|;ˆ-Ѵ†;=ouv_-u;_oѴ7;uv-m7;mv†u;
l;|_o7oѴo]‹-vr;u|_;u;t†bu;l;m|vo= u;]†Ѵ-|ou‹1olrѴb-m1;ĺ

120 SAMPATH BANK PLC Annual Report 2018

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Product-wise Distribuon of the Sector-wise Distribuon of Post Credit

Advance Porolio Evaluaons in 2018 (Value-wise)
% %
1
2 1 1 "bmbl†l 1_b;ˆ;l;m|
2 1 !;t†bu;l;m|
2
2 21 3
2 30
3 7
3
4
7
4

5
30% 36.4%
19 14

Post Credit Evaluations

9 16 18
17

LTL Pawning Construcon & Infrastructure Development

MTL Money Market Loans Wholesale & Retail Trade
Overdras Cash Margin Loans Financial Services
STL Staff Loans Manufacturing
Sevana Credit Cards Tourism
Import Loans Agriculture, Forestry & Fishing
Refinance Loans
Consumpon
Rescheduled Loans Bills
Transportaon & Storage
Leasing & Hire Purchases Informaon Technology &
Export Loans Communicaon Services
Healthcare, Social Service &
Support Service

Operaonal Risk Review in 2018

6%
(56)
35%
(303)
13%
(109)

13%
(111)

13%
(112) 20%
(177)

Service Level Agreement

Procedure
Sign Off
System Requirement Specificaons/NDA
Direcves
Policies/MOU/NPD

SAMPATH SIMPLIFIED 121

COMPLIANCE

$_;7;7b1-|;7olrѴb-m1; †m1ঞomo= v|u;m]|_;m|_;0-mhŊ‰b7;oˆ;um-m1;ķ bˆbm];lrѴo‹;;v-11;vv|o-u;=;u;m1;

"-lr-|_-mhruoˆb7;voˆ;uvb]_|=ou !bvh-m7olrѴb-m1;†Ѵ|†u;ĺlom]|_; 7-|-0-v;o=u;1omv|u†1|;71-v;v|†7b;vķ
|_;;@;1ঞˆ;l-m-];l;m|o=|_;-mhĽv lov|mo|-0Ѵ;;@ou|v=ou|_;‹;-u‰-v|_; u;]†Ѵ-ঞomv-m71†uu;m||u;m7vķ|_;
1olrѴb-m1;ubvh|_-|l-‹7-l-];|_; -1ঞom|-h;m0‹|_;olrѴb-m1;=†m1ঞom ;‹om7olrѴb-m1;ruo]u-ll;bv-Ѵvo
-mhĽvu;r†|-ঞom-m7ņouu;v†Ѵ|bmCm-m1b-Ѵ |oruoˆb7;oˆ;uvb]_|=oublrѴ;l;mঞm] -bl;7-|v|u;m]|_;mbm]|_;1olrѴb-m1;
Ѵovvbm|_;;ˆ;m|o==-bѴ†u;|o1olrѴ‹‰b|_ |_;m;‰Ѵ‹u;ˆbv;7!†Ѵ;v-m7!;]†Ѵ-ঞomv 1†Ѵ|†u;-|-lb1uoŊѴ;ˆ;Ѵķvr;1bC1-ѴѴ‹‰b|_bm
-rrѴb1-0Ѵ;Ѵ-‰vķu;]†Ѵ-ঞomv-m71o7;vo= bmmঞom;‹-†m7;ubm]-m7 ou;b]m ;r-u|l;m|v-m7u-m1_;vĺ
1om7†1|ķ;|1ĺ11ou7bm]Ѵ‹ķ|_;olrѴb-m1; Š1_-m];ķ;|1ĺ
=†m1ঞombv|-vh;7‰b|_ruoˆb7bm]]†b7-m1; )_bѴ;|_;o-u7o="-lr-|_-mhbv
|o;mv†u;1olrѴb-m1;‰b|_-ѴѴv|-|†|ou‹ olrѴb-m1;omb|oubm]-m7$;vঞm] 1omv|-m|Ѵ‹h;r|-0u;-v|o=|_;1_-m];vbm
-m7u;]†Ѵ-|ou‹u;t†bu;l;m|v-rrѴb1-0Ѵ;|o $_;olrѴb-m1;=†m1ঞomr;u=oulv u;Ѵ;ˆ-m|Ѵ-‰v-m7u;]†Ѵ-ঞomv-rrѴb1-0Ѵ;
b1;mv;7oll;u1b-Ѵ-mhvbm"ub-mh- lomb|oubm]om-1omঞm†o†v0-vbv|o |o|_;-mhbm]v;1|ouķ-77bঞom-Ѵ|u-bmbm]
-v‰;ѴѴ-v-77bঞom-Ѵ1o7;vo=1om7†1| ;mv†u;1om=oul-m1;‰b|_|_;0o-u7Ŋ ‰-v-uu-m];7bm‹;-uƑƏƐѶ|o0†bѴ7
u;Ѵ;ˆ-m||o|_;0-mhbm]bm7†v|u‹;Š|;um-ѴѴ‹ -rruoˆ;71olrѴb-m1;v|u-|;]b;vĺmƑƏƐѶ =†u|_;u-‰-u;m;vv-lom]|_;o-u7
-m7bm|;um-ѴѴ‹ĺ |_;=o1†v‰-vl-bmѴ‹omv|u;m]|_;mbm] l;l0;uv‰b|_u;]-u7|omঞŊom;‹
|_;lomb|oubm]l;1_-mbvlvvr;1bC1-ѴѴ‹ -†m7;ubm]u;]†Ѵ-ঞomvķ|_uo†]_-
$_;-mhĽvŒ;uo|oѴ;u-m1;v|u-|;]‹=ou bmѴbm;‰b|_|_;m;‰7;ˆ;Ѵorl;m|vbm|_; ruo]u-ll;1om7†1|;70‹|_; bm-m1b-Ѵ
momŊ1olrѴb-m1;bv;Š;1†|;7ˆbvŊ-Ŋˆbv-m mঞŊom;‹-†m7;ubm]u;]†Ѵ-ঞomvĺ m|;ѴѴb];m1;&mb|o="ub-mh-ĺ
;b]_|rbѴѴ-u1olrѴb-m1;lo7;Ѵbm|uo7†1;7
bm‹;-uƑƏƐƕķ‰_b1_-blv|oor;u-ঞom-Ѵbv; olrѴb-m1;$u-bmbm] !bvhvv;vvl;m|uo]u-lŐ!ő
-rruorub-|;1olrѴb-m1;o0f;1ঞˆ;v-|-ѴѴ ѴѴ1olrѴb-m1;|u-bmbm]-1ঞˆbঞ;vvr;1bC;7 m|_;‹;-u†m7;uu;ˆb;‰ķ|_;olrѴb-m1;
Ѵ;ˆ;Ѵvo=|_;0†vbm;vvĺ bm|_;-mhĽvv|u-|;]b11olrѴb-m1;rѴ-m ;r-u|l;m|=†u|_;u;Šr-m7;7|_;
-u;vr;-u_;-7;70‹|_;olrѴb-m1; -mhĽv!|_uo†]_|_;!bvh-v;7
Focus for 2018 =†m1ঞomĺ"|;rv|-h;mbmƑƏƐѶ0‹|_; rruo-1_-bl;7-|7;|;ulbmbm]|_;Ѵ;ˆ;Ѵ
oѴb1b;vķuo1;7†u;v-m7!;Ѵ-|;7om|uoѴv olrѴb-m1;=†m1ঞom|ou-bv;-‰-u;m;vv o=ubvhrov;70‹bm7bˆb7†-Ѵu-m1_;vņ
&m7;u|_;v†r;uˆbvbomo=|_;olrѴb-m1; -lom]|;-l"-lr-|_bm1Ѵ†7;7-v;ub;vo= ;r-u|l;m|vķ;|1ĺ
=†m1ঞom-ѴѴroѴb1b;vķruo1;7†u;v-m7 bmŊ_o†v;|u-bmbm]‰ouhv_orv-Ѵom]‰b|_
1om|uoѴv-u;1omঞm†o†vѴ‹blruoˆ;7 |_;uoѴѴbm]o†|o=|_;m;‰Ѵ‹7;ˆ;Ѵor;7 oˆ;um-m1;
-m7†r7-|;7bmѴbm;‰b|_1†uu;m|Ѵ-‰vķ hmo‰Ѵ;7];v_-ubm]1oll†mb1-ঞom|ooѴ m]obm];@ou|v|ov|u;m]|_;moˆ;uvb]_|ķ
u;]†Ѵ-ঞomv-m7;|_b1-Ѵv|-m7-u7vķ‰_b1_ ঞ|Ѵ;7;‹om7olrѴb-m1;ĺ Ѵ;7|o|_;;v|-0Ѵbv_l;m|o=-m;‰
-Ѵvo=†u|_;uu;Y;1|v|_;1ollb|l;m||o 7;7b1-|;7-m-];l;m|ollb‚;;bm
ƑƏƐѶĺ$_;1ollb‚;;bv|-vh;7‰b|_
b7;mঞ=‹bm]ķ-m-Ѵ‹vbm]-m77bvv;lbm-ঞm]
u;]†Ѵ-|ou‹bm=oul-ঞom|ou;Ѵ;ˆ-m|
l;l0;uvo=$;-l"-lr-|_ķ‰_o-u;
!;]†Ѵ-|ou‹bm|;u-1ঞom !bvh-vv;vvl;m|
oˆ;um-m1; ;Šr;1|;7|o|-h;|_;o‰m;uv_br=ou
-m71oou7bm-ঞom ruo]u-ll;
blrѴ;l;mঞm]|_;u;]†Ѵ-|ou‹1_-m];vĺ
vr-u|o=b|v7†ঞ;vķ|_;ollb‚;;-Ѵvo
bmbঞ-|;7-ruo]u-l|o|-h;m;1;vv-u‹
=oѴѴo‰†r-1ঞom-m7|_;u;0‹v|u;m]|_;m
olrѴb-m1;
olrѴb-m1; |_;1olrѴb-m1;1†Ѵ|†u;‰b|_bm|_;
 lomb|oubm]-m7
|;1_moѴo]‹ u;vr;1ঞˆ;0†vbm;vv†mb|vĺ
&"ƑƏƐѶ |;vঞm]
†|†u; o1†v
oˆbm]=ou‰-u7|_;=o1†v=ou|_;
=ou|_1olbm]‹;-u‰o†Ѵ70;|o-†|ol-|;
-ѴѴl-fouor;u-ঞom-Ѵ1om|uoѴ-u;-vo=
!;rouঞm]-m7 oѴb1b;vķruo1;7†u;vķ
olrѴb-m1;|u-bmbm] |_;olrѴb-m1; ;r-u|l;m|bmou7;u
1oll†mb1-ঞom -m7u;Ѵ-|;71om|uoѴv
|o=†u|_;uv|u;-lѴbm;|_;u;]†Ѵ-|ou‹
u;rouঞm]ruo1;vvĺ

122 SAMPATH BANK PLC Annual Report 2018

CORPORATE GOVERNANCE
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GOVERNANCE STRUCTURE Dear Stakeholder -Ѵb]ml;m|-v‰;ѴѴ-v|ol-m-];|_;ubvhv

m0;_-Ѵ=o=|_;o-u7o= bu;1|ouv -vvo1b-|;7‰b|_|_;bm1u;-v;7-7orঞomo=

124 ŐŞ|_;o-u7Şőo="-lr-|_-mhŐŞ|_;
-mhŞőķ-lrѴ;-v;7|oru;v;m||_;
7b]b|-Ѵ-u1_b|;1|†u;ĺ

ourou-|;oˆ;um-m1;u;rou|=ouƑƏƐѶķ $_;o|_;uh;‹=o1†v-u;-=ou|_;‹;-u
-]; ‰_b1_7;|-bѴvo†u]oˆ;um-m1;v|u†1|†u; ‰-v|_;;v|-0Ѵbv_l;m|o=-vo1b-Ѵ-m7
-m7=u-l;‰ouh-Ѵom]‰b|_bm=oul-ঞom ;mˆbuoml;m|-Ѵ]oˆ;um-m1;l;1_-mbvlķ
bm7b1-ঞm]1olrѴb-m1;‰b|_|_;o7;o= -ঞl;Ѵ‹loˆ;ruolr|;70‹o†um;‰
;v|u-1ঞ1;omourou-|;oˆ;um-m1; v†v|-bm-0bѴb|‹-rruo-1_|oľѴooh0;‹om7
GOVERNANCE FRAMEWORK
ƑƏƐƕbvv†;70‹|_;mvঞ|†|;o=_-u|;u;7 |_;|ubrѴ;Ŋ0o‚olŊѴbm;Ŀ|obm|;]u-|;

125 to 127
11o†m|-m|vo="ub-mh-Ő"ub-mh-ő v†v|-bm-0bѴb|‹|o|_;1ou;o=o†u
-m7|_;-mhbm]1| bu;1ঞomoĺƐƐ or;u-ঞomvĺ
o=ƑƏƏƕbvv†;70‹|_;;m|u-Ѵ-mh
-]; o="ub-mh-Ő"őĺ$_bvv;1ঞom-Ѵvo vb7;=uol|_;v;;@ou|vķ‰;1omঞm†;7|o
1om|-bmv|_;u;rou|vo=|_;Cˆ;v|-|†|ou‹ ;m_-m1;o|_;u]oˆ;um-m1;-vr;1|v|ooķbm
"†0Ŋollb‚;;vo=|_;o-u7‰_b1_ r-uঞ1†Ѵ-u|_;oll†mb1-ঞomoѴb1‹-m7
COMPLIANCE WITH CODE v†ll-ubv;|_;buu;vr;1ঞˆ;-1ঞˆbঞ;v=ou |_;)_bv|Ѵ;Ѵo‰bm]oѴb1‹0o|_o=‰_b1_
OF BEST PRACTICE ON |_;‹;-uĺ ‰;u;†r7-|;7bm‹;-uƑƏƐѶķ-Ѵb]mbm]‰b|_
CORPORATE GOVERNANCE |_;-mhŝv-u;-vo==o1†vĺ
2017 ISSUED BY CA SRI
LANKA v_-bul-mo=|_;o-u7ķ1-mmo|
Compliance
†m7;uŊ;lr_-vbv;|_;m;;7=ou-v|uom]

128 to 155
1ourou-|;]oˆ;um-m1;lo7;Ѵ|_-|bv $_;-mhu;l-bmv=†ѴѴ‹1olrѴb-m|‰b|_
0o|_u;vromvbˆ;-m7u;Ѵ;ˆ-m||o‰-u7v -ѴѴv|-|†|ou‹u;t†bu;l;m|vblrov;70‹
=-1bѴb|-ঞm]|_;-mhĽvѴom]Ŋ|;ulˆ-Ѵ†; -ѴѴu;]†Ѵ-|ou‹0o7b;v1om1;umbm]l-‚;uv
-]; 1u;-ঞom]o-Ѵvĺ$_bvbv;vr;1b-ѴѴ‹|u†;ķ u;Ѵ;ˆ-m||o|_;0†vbm;vvĺ
]bˆ;m|_;;ˆ;uŊ7‹m-lb1-m7bm1u;-vbm]Ѵ‹
Declaration by the Board
1olr;ঞঞˆ;;mˆbuoml;m|‰b|_bm‰_b1_
‰;or;u-|;ĺ)b|_|_bvbmlbm7ķ|_;o-u7 ‰bv_|o1omCul|_-||_;o-u7o=
COMPLIANCE WITH BANKING
ruo-1ঞˆ;Ѵ‹u;ˆb;‰v|_;]oˆ;um-m1; bu;1|ouvo="-lr-|_-mhbvCulѴ‹
ACT DIRECTION NO. 11 OF 2007
ISSUED BY THE CENTRAL BANK =u-l;‰ouh|o7;|;ulbm;|_;;@;1ঞˆ;m;vv 1ollb‚;7|oo0v;uˆbm]_b]_;v|v|-m7-u7v
OF SRI LANKA o=|_;ruo1;vv;vblrѴ;l;m|;7ĺ$_;v; o=ourou-|;oˆ;um-m1;ķbm|;]ub|‹-m7
;@ou|v_;Ѵr|obmbঞ-|;1omঞm†o†v-m7 ruo=;vvbom-Ѵbvl|_uo†]_o†|-ѴѴor;u-ঞomv

156 to 175 om]obm]blruoˆ;l;m|v|o;mv†u;|_-| -1uovv|_;-mhĺ11ou7bm]Ѵ‹ķ7;1Ѵ-u;

o†u]oˆ;um-m1;lo7;Ѵu;Y;1|v|_; |_-|-ѴѴ|_;l;l0;uvo=|_;o-u7o=
1olrѴ;Šbঞ;vo=o†u]uo‰bm]0†vbm;vv bu;1|ouv-m7-ѴѴ-mhr;uvomm;Ѵ_-ˆ;
-]; -1|;7bm1olrѴb-m1;‰b|_|_;-rrѴb1-0Ѵ;
-m7bv-0Ѵ;|oh;;r-77bm]ˆ-Ѵ†;-v|_;
0†vbm;vv;Šr-m7vĺ u;]†Ѵ-|ou‹-m7v|-|†|ou‹u;t†bu;l;m|v
-m7_-ˆ;7bv1_-u];7|_;bu7†ঞ;vbm
! "&҃$$ m0;_-Ѵ=o=|_;o-u7|-h;|_bv -11ou7-m1;‰b|_|_;roѴb1b;vķruo1;7†u;v
REPORTS orrou|†mb|‹|oruoˆb7;-0ub;=†r7-|;om -m7v|-m7-u7v1oˆ;u;70‹|_;-mhĽv
|_;‰ouh‰;_-ˆ;7om;7†ubm]|_;‹;-u bm|;um-Ѵo7;vo=om7†1|u;Ѵ;ˆ-m|

176 to 184
†m7;uu;ˆb;‰bm|_bvu;]-u7ĺ |o|_;o-u7o= bu;1|ouv-m7|_;;‹
-m-];l;m|;uvomm;Ѵ-m7|_;o|_;u
Board Priorities for 2018 ;uvomm;Ѵĺ
-];
†ubm]ƑƏƐѶķ|_;-mhĽv]oˆ;um-m1;
lo7;Ѵ1omঞm†;7|o;ˆoѴˆ;‰b|_o†u
m;‰7b]b|-Ѵ|u-mv=oul-ঞomv|u-|;]‹ĺ
vv†1_ķv|uom];lr_-vbv‰-vrѴ-1;7
"&!+
omv|u;m]|_;mbm]|_;$]oˆ;um-m1;
_-bul-m
=u-l;‰ouhķ‰b|_v;ˆ;u-Ѵblrou|-m|v|;rv
_-ˆ;0;;m|-h;m|o1-r|†u;|_;v_b[bm ƐƓ|_ ;0u†-u‹ƑƏƐƖ
o†uv|u-|;]b1ruboubঞ;v-m7v|u†1|†u-Ѵ

SAMPATH SIMPLIFIED 123

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124
!;1oˆ;ub;v ;r|ĺ !;1oˆ;ub;v
"b‹-r-|_- bm-m1;
†vbm;vv
"†rrou|;m|u;
"ş
$u-7;";uˆb1;vş m|;um-ঞom-Ѵ$u-7;
m|;um-ঞom-Ѵrvĺ ;r|vĺ "-lr-|_;m|u;|7

7lbmbv|u-ࢼˆ;Ѳ‹u;rouࢼm]
$u;-v†u‹ $u;-v†u‹
mˆ;v|l;m| ;r|ĺ uom|L1; $u;-v†u‹
"";1†ubঞ;vŐˆ|ő|7
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ourou-|; bm-m1;

SAMPATH BANK PLC

;r|ĺ

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Board of Directors - Subsidiaries
AGM Corporate "-lr-|_m=oul-ঞom

ourou-|;-mhbm]
Credit $;1_moѴo]‹"oѴ†ঞomv|7

Corporate Credit
& ;r|ĺ
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-m1-vv†u-m1;ş u-m1_;|‰ouh u-m1_-mhbm]
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"mu 

Annual Report 2018

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omv†l;u-mhbm]
 ;rovb|
CORPORATE GOVERNANCE

u;7b|uo1;vvbm]&mb| o0bѴbv-ঞom ;r|ĺ o0bѴbv-ঞom

Shareholders

o-u7†7b|ollb‚;;

Managing Director
-uh;ঞm]ş†vbm;vv ;-7o=
Board of Directors - Bank

;ˆ;Ѵorl;m| ;r|ĺ -uh;ঞm] o-u7!ş!;l†m;u-ঞom

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! ;r|ĺ
AGM  o-u7olbm-ঞomollb‚;;
r;u-ঞomv r;u-ঞomv

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ş ;r|vĺ -m-];l;m|ollb‚;;
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;r|vĺ o-u7!;Ѵ-|;7-u|‹
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bm-m1; o-u7$u;-v†u‹ollb‚;;
uo†rolrѴb-m1;
External Auditors

olrѴb-m1; ;r|ĺ
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Board Sub Committees

bm-m1b-ѴL1;u

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Corporate Governance Framework $oruoˆb7;=†u|_;uv†rrou|ķƐƑ Ŏ m|;]u-|;7!;rouঞm] u-l;‰ouh

"-lr-|_-mhŐŞ|_;-mhŞőbv -m-];l;m|ollb‚;;v_-ˆ;-Ѵvo0;;m bvv†;70‹|_;m|;um-ঞom-Ѵ
1ollb‚;7|o1u;-ঞm]Ѵom]Ŋ|;ulˆ-Ѵ†; ;v|-0Ѵbv_;7ĺ m|;]u-ঞm]!;rouঞm]o†m1bѴŐ!ő
v†v|-bm-0Ѵ‹0‹blruoˆbm]|_;Cm-m1b-Ѵ Ŏ !"|-m7-u7v=ou"†v|-bm-0bѴb|‹
‰;ѴѴŊ0;bm]o=b|vv_-u;_oѴ7;uvķ;lrѴo‹;;vķ Accountability and Transparency
u;rouঞm]bvv†;70‹|_;Ѵo0-Ѵ
1†v|ol;uv-m71oll†mbঞ;v-m7|_;u;0‹ $_;o-u7bv1ollb‚;7|o1olru;_;mvbˆ; !;rouঞm]mbঞ-ঞˆ;
1om|ub0†ঞm]|o|_;m-ঞomĽv‰;-Ѵ|_ķv|uom] Cm-m1b-Ѵu;rouঞm]-m7|u-mvr-u;m|
1ourou-|;]oˆ;um-m1;0;bm]|_;0-1h0om; 7bv1Ѵov†u;o=|_;-mhĽvCm-m1b-Ѵ-m7momŊ Ŏ $_;&mb|;7-ঞomv"†v|-bm-0Ѵ;
o=|_bv1ollb|l;m|ĺ$_;r†urov;o=|_; Cm-m1b-Ѵr;u=oul-m1;ĺ|bv|_;o-u7Ľv ;ˆ;Ѵorl;m|o-ѴvŐ" vő
-mhŝvourou-|;oˆ;um-m1; u-l;‰ouh u;vromvb0bѴb|‹|o;mv†u;|_-||_;-mh
bv|_;u;=ou;|oruoˆb7;oˆ;uvb]_|=ou|_; 1olrѴb;v‰b|_-ѴѴv|-|†|ou‹-m7u;]†Ѵ-|ou‹ $_;o-u7u;ˆb;‰v-m7-rruoˆ;v
-mhĽvor;u-ঞomvbmou7;u|ov-=;]†-u7 u;t†bu;l;m|v-rrѴb1-0Ѵ;|o"ub-mh-m |_;1om|;m|vo=-ѴѴl-fou7bv1Ѵov†u;
|_;bm|;u;v|vo=-ѴѴv|-h;_oѴ7;uvĺ 0-mhv-m7r†0Ѵb1Ѵbv|;7;mঞঞ;vĺ$_;v; 7o1†l;m|vķbm1Ѵ†7bm]|_;mm†-Ѵ!;rou|
bm1Ѵ†7;ĸ -m7|_; †-u|;uѴ‹ bm-m1b-Ѵ!;rou|v|o
$_;=u-l;‰ouhbv-bl;7|o;mv†u;|_-| v_-u;_oѴ7;uvĺ
|_;-mhbv‰;ѴѴ]oˆ;um;7ķ-m7-0Ѵ;|o Ŏ olr-mb;v1|oĺƕo=ƑƏƏƕ
=†ѴCѴv|-h;_oѴ7;uvŝ7;Ѵbˆ;u-0Ѵ;v|ol;;| Ethics and Culture
Ŏ -mhbm]1|oĺƒƏo=ƐƖѶѶ-m7b|v
Ѵ;]bvѴ-ঞˆ;u;t†bu;l;m|v;@;1ঞˆ;Ѵ‹-m7 $_;o-u7bv=o1†v;7omv_-rbm]-
-l;m7l;m|v
v†v|-bm-0Ѵ‹-|-ѴѴঞl;vĺ lou;-11o†m|-0Ѵ;1†Ѵ|†u;|_-|mo|omѴ‹
Ŏ -mhbm]1| bu;1ঞomoĺƐƐo= v†rrou|v|_;-1_b;ˆ;l;m|o=0†vbm;vv
Leadership ƑƏƏƕomourou-|;oˆ;um-m1;=ou v|u-|;]b;vķ0†|-Ѵvo7ubˆ;v7;1bvbomv|_ov;
$_;o-u7o= bu;1|ouvŐŞ|_;o-u7Şőo= b1;mv;7oll;u1b-Ѵ-mhvbvv†;70‹ -u;Ѵ-‰=†Ѵķ;|_b1-Ѵ-m7u;vromvb0Ѵ;ķ‰_b1_
|_;-mhbvu;vromvb0Ѵ;=oublrѴ;l;mঞm] |_;;m|u-Ѵ-mho="ub-mh--m7b|v Ѵ;-7v|o0;‚;u1†v|ol;uv-ঞv=-1ঞom-m7
|_;ourou-|;oˆ;um-m1; u-l;‰ouh -l;m7l;m|v ubvhlbঞ]-|ou‹o†|1ol;vĺ)_bѴ;v;মm]
-1uovv|_;0†vbm;vvĺ$_;o-u7=†m1ঞomv |_;|om;=uol|_;|orķ|_;o-u7v|ubˆ;v
Ŏ o7;o=;v|u-1ঞ1;omourou-|;
bm7;r;m7;m|Ѵ‹o=|_;l-m-];l;m|bm |o;l†Ѵ-|;|_;v;rubm1brѴ;v‰_b1_r-ˆ;
oˆ;um-m1;ƑƏƐƕbvv†;70‹|_;
v;;hbm]|oruoˆb7;v|u-|;]b17bu;1ঞom|o |_;‰-‹=ou-1†Ѵ|†u;o=]oo7]oˆ;um-m1;
mvঞ|†|;o=_-u|;u;711o†m|-m|vo=
v†rrou|Ѵom]Ŋ|;ulˆ-Ѵ†;1u;-ঞom=ou-ѴѴ -|-ѴѴѴ;ˆ;Ѵvo=|_;-mhĺm|_bv1om|;Š|ķ
"ub-mh-
v|-h;_oѴ7;uvĺm7bv1_-u]bm]|_;v;7†ঞ;vķ |_;o-u7bv]oˆ;um;70‹|_;o7;o=
|_;o-u7bvu;t†bu;7|o0;]†b7;70‹|_; Ŏ mঞŊom;‹-†m7;ubm]-‰v-m7 om7†1|-m7oˆ;um-m1;!;t†bu;l;m|v
-mhĽvˆbvbomķ1ourou-|;ˆ-Ѵ†;vķ-v‰;ѴѴ !;]†Ѵ-ঞomv-m7 bm-m1b-Ѵ$u-mv-1ঞom =ou|_;o-u7o= bu;1|ouvķ‰_b1_v;|v
-vb|vuঞ1Ѵ;vo=vvo1b-ঞomĺ$_;o-u7 !;rouঞm]1|oĺѵo=ƑƏƏѵ-m7b|v o†|0;v|ru-1ঞ1;v=ou;|_b1-Ѵ0;_-ˆbo†ubm
u;l-bmv|_;†Ѵঞl-|;-†|_oub|‹bm1_-u]; -l;m7l;m|v 1olrѴb-m1;‰b|_|_;oѴb1‹om-m-]bm]
o=;mv†ubm]|_-|-ѴѴbm|;um-Ѵ7bu;1ঞˆ;vķ omYb1|vo=m|;u;v|ķ|_;)_bv|Ѵ;Ѵo‰bm]
Ŏ bvঞm]!†Ѵ;vo=|_;oѴol0o"|o1h
roѴb1b;v-m7ruo1;7†u;v-u;ruor;uѴ‹ oѴb1‹-m7 bu;1ঞˆ;om7;-Ѵbm]‰b|_
Š1_-m];
1oll†mb1-|;7-m7blrѴ;l;m|;7-1uovv !;Ѵ-|;7-u|‹$u-mv-1ঞomvĺ
|_;0†vbm;vvbmou7;u|ov-=;]†-u7|_; Ŏ ";1†ubঞ;v-m7Š1_-m];ollbvvbom
bm|;u;v|vo=v|-h;_oѴ7;uvĺ o="ub-mh-1|oĺƒѵo=ƐƖѶƕ-m7 $_;;‹-m-];l;m|;uvomm;Ѵ-u;
b|v-l;m7l;m|v ]oˆ;um;70‹|_;o7;o=om7†1|=ou
$o-vvbv|bm|_;l-m-];l;m|o=1;u|-bm ;‹-m-];l;m|;uvomm;Ѵ‰_bѴ;-ѴѴ|_;
Ŏ mѴ-m7!;ˆ;m†;1|oĺƑƓo=ƑƏƐƕ
1ubঞ1-Ѵ=†m1ঞomvķ|_;o-u7_-v o|_;u;lrѴo‹;;v-u;;Šr;1|;7|o1olrѴ‹
-m7b|v-l;m7l;m|v
;v|-0Ѵbv_;7-m7-rrobm|;7 bu;1|ouv|o ‰b|_|_;-mhĽvo7;o=om7†1|=ou
ƐƑo-u7"†0ollb‚;;vĺ$_;$;ulv Ŏ "_or-m7L1;lrѴo‹;;v1|oĺ lrѴo‹;;v-m7|_;oѴb1‹om-m-]bm]
o=!;=;u;m1;=ou;-1_"†0ollb‚;;bv ƐƖo=ƐƖƔƓ-m7b|v-l;m7l;m|v omYb1|vo=m|;u;v|ķ|_;)_bv|Ѵ;Ѵo‰bm]
-rruoˆ;70‹|_;o-u7-m7u;ˆb;‰;7-m7 oѴb1‹-m7|_; bu;1ঞˆ;om7;-Ѵbm]‰b|_
Ŏ "ub-mh-11o†mঞm]-m7†7bঞm]
-l;m7;7‰_;mm;1;vv-u‹ĺ;l0;uv_br !;Ѵ-|;7-u|‹$u-mv-1ঞomvĺ
"|-m7-u7v1|oĺƐƔo=ƐƖƖƔ
o=;-1_o-u7"†0ollb‚;;Ő"†0
ollb‚;;őbvu;ˆb;‰;7r;ubo7b1-ѴѴ‹ķ‰b|_ Ŏ ou;b]mŠ1_-m];1|oĺƐƑo=ƑƏƐƕ Stakeholder Engagement
7†;1omvb7;u-ঞomom|_;]oˆ;um-m1; -m7b|vu;]†Ѵ-ঞomv $_;o-u7‰;Ѵ1ol;v;m]-];l;m|‰b|_
u;t†bu;l;m|v-v‰;ѴѴ-vom|_;lbŠ v|-h;_oѴ7;uv-m7;m1o†u-];|_;l|o
o=vhbѴѴv-m7;Šr;ub;m1;u;t†bu;7|o m-77bঞomķ|_;-mh_-vˆoѴ†m|-ubѴ‹ ;Šru;vv|_;buˆb;‰vĺuo0†v|=u-l;‰ouh
r;u=oul|_;=†m1ঞomvo=;-1_v†1_"†0 -7or|;7|_;=oѴѴo‰bm]u;rouঞm] bvbmrѴ-1;|o=-1bѴb|-|;1omv|u†1ঞˆ;
ollb‚;;ĺ =u-l;‰ouhvņv|-m7-u7vķ‰_b1_ ;m]-];l;m|‰b|_-ѴѴv|-h;_oѴ7;uvĺ
7;lomv|u-|;v|_;o-u7Ľv1ollb|l;m| ;-m‰_bѴ;ķor;mѴbm;v=ou1oll†mb1-ঞom
|o0;m1_l-uh]Ѵo0-ѴѴ‹-11;r|;70;v| -u;l-bm|-bm;7|oruolo|;u;]†Ѵ-u
ru-1ঞ1;vĺ$_;v;bm1Ѵ†7;ĸ bm|;u-1ঞom‰b|_u;]†Ѵ-|ouvĺ

SAMPATH SIMPLIFIED 125

CORPORATE GOVERNANCE

Continuous Improvement ‰_;mu;t†bu;7|_;;Šbvঞm]]oˆ;um-m1; -m‹u;]†Ѵ-|ou‹1_-m];v-v‰;ѴѴ-v|oh;;r

$_;o-u7u;l-bmvruo-1ঞˆ;bm 7bu;1ঞˆ;vķroѴb1b;v-m7ruo1;7†u;v‰_;u; r-1;‰b|_Ѵ-|;v|]Ѵo0-ѴѴ‹-11;r|;70;v|
lomb|oubm]-m7u;]†Ѵ-uѴ‹u;ˆb;‰bm]-v-m7 -rruorub-|;bmou7;u|o|-h;1o]mbv-m1; ru-1ঞ1;vomourou-|;oˆ;um-m1;ĺ
o=;ˆoѴˆbm]m;;7vo=|_;0†vbm;vv-m7

Key focus for 2018;

$_;;lr_-vbv=ouƑƏƐѶ‰-vCˆ;Ŋruom];7 Ŏ rrobm|l;m|o=-mbm7;r;m7;m| Ŏ $_;7†|‹o=|_;-mhbmlomb|oubm]

-v7;|-bѴ;70;Ѵo‰ĸ |_bu7r-u|‹|o1om7†1|-1‹0;u -m7u;rouঞm]"†vrb1bo†v
Ɛĺ Ѵb]mbm]‰b|_m;‰1_-m];vbm|uo7†1;7 v;1†ub|‹-†7b|;ˆ;u‹t†-u|;uĺ $u-mv-1ঞomv-vu;t†bu;70‹|_;
bm|_;o7;o=;v|u-1ঞ1;om bm-m1b-Ѵ$u-mv-1ঞomv!;rouঞm]
Ŏ !oѴѴbm]o†|o=-m;‰mˆbuoml;m|-Ѵ
ourou-|;oˆ;um-m1;ƑƏƐƕ0‹ 1|-m7ru;v;uˆbm]1omC7;mঞ-Ѵb|‹
-m7"o1b-Ѵ!bvh-m-];l;m|
mvঞ|†|;o=_-u|;u;711o†m|-m|vo= bmv†1_u;rouঞm]
"‹v|;l|ov;uˆ;-v|_;0-vbvo=
"ub-mh-ķ=o1†vbm]|_;=oѴѴo‰bm]ĸ bm|;]u-ঞm];mˆbuoml;m|-Ѵ-m7 Ŏ $_;o0f;1ঞˆ;v-m7blr-1|o=
Ŏ "|u;m]|_;mbm]|_;$]oˆ;um-m1; vo1b-Ѵ]oˆ;um-m1;r-u-l;|;uv ˆ-ubo†vu;]†Ѵ-ঞomvbvv†;70‹|_;
=u-l;‰ouh|_uo†]_|_; -1uovv-ѴѴor;u-ঞomvo=|_;-mhĺ &|_uo†]_-Œ;‚;moঞC1-ঞomv
;v|-0Ѵbv_l;m|o=-m;‰ -|- Ƒĺ !;bm=ou1bm]|_;]oˆ;um-m1;1†Ѵ|†u; ƒĺ lruoˆ;l;m|v|o|_;-mhĽvoѴb1‹om
oˆ;um-m1;&mb||o_-m7Ѵ;7-|- |_uo†]_‰ouhv_orv-bl;7-|0†bѴ7bm] oll†mb1-ঞom=o1†vbm]omĸ
v;1†ub|‹-m7l-m-];|_;bm|;]ub|‹ o-u7ŊѴ;ˆ;Ѵ-‰-u;m;vvu;]-u7bm]|_;
o=;Šbvঞm]7-|-ĺ Ŏ oll†mb1-ঞomˆb-vo1b-Ѵl;7b-
-mঞŊlom;‹Ѵ-†m7;ubm]u;]†Ѵ-ঞomvĺ
Ŏ lruoˆbm]|_;-mhĽvru;r-u;7m;vv $_;‰ouhv_orv-‰|_;r-uঞ1br-ঞom Ŏ Ѵb]mbm]-mhĽvoѴb1‹om
-]-bmv|;Š|;um-Ѵ1‹0;uv;1†ub|‹ o=|_;o-u7l;l0;uvķ‰_b1_ oll†mb1-ঞomv‰b|_|_;-mhŝv
|_u;-|v0‹v;মm]†r-ƑƓņƕ ‰-v1om7†1|;70‹|_; bm-m1b-Ѵ u-m7"|u-|;]‹-m7
m=oul-ঞom";1†ub|‹omb|oubm] m|;ѴѴb];m1;&mb|Ő &őo=|_;;m|u-Ѵ
Ŏ oll†mb1-ঞomvom-11o†m|o=
&mb|ĺm-77bঞom-mbm7;r;m7;m| -mho="ub-mh-1oˆ;ubm]l-‚;uv
-mhĽv†vbm;vvomঞm†b|‹Ѵ-m
m=oul-ঞom";1†ub|‹L1;uŐ"ő bm1Ѵ†7bm]ĸ
‰-v-Ѵvo-rrobm|;7ĺ$_;"ķ‰_o Ɠĺ &r7-ঞm]|_;)_bv|Ѵ;Ѵo‰bm]oѴb1‹ķ
Ŏ u;ˆ;mঞomo=lom;‹Ѵ-†m7;ubm]
u;rou|v7bu;1|Ѵ‹|o|_;_b;=!bvh v|u;-lѴbmbm]|_;1om|;m||o0;lou;
-m7|_;-mhĽvuoѴ;bmv-l;
L1;ubv|-vh;7‰b|_7;|;ulbmbm] †v;u=ub;m7Ѵ‹
|_;-mhĽvv;mvbঞˆb|‹-m7ubvh Ŏ $_;blrou|-m1;o=;Š;u1bvbm]
Ɣĺ &r7-ঞm]|_;oѴb1‹om-m-]bm]
-rr;ঞ|;|o‰-u7v1‹0;uv;1†ub|‹ †v|ol;u †; bѴb];m1;-m7
omYb1|vo=m|;u;v|ķ-Ѵb]mbm]v-l;
|_u;-|v-|-m‹]bˆ;mঞl;ĺ $u-mv-1ঞomv †; bѴb];m1;
‰b|_|_;ru;ˆ-bѴbm]o7;vo=om7†1|
bm|_;-mh

Directors' Attendance at Board and Mandatory Board Sub Committee Meetings

-u|‹$u-mv-1ঞomv
o-u7olbm-ঞom

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o-u7m|;]u-|;7
o-u7;;ঞm]v

o-u7!;Ѵ-|;7
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o-u7!ş
ollb‚;;

ollb‚;;

ollb‚;;

ollb‚;;

ollb‚;;
bu;1|ouv

!;ˆb;‰

u_-mm--Ѵ-mv†ub‹-  ņ ƐѵņƐѵ Ŋ ƏƔņƏƔ ƏƖņƐƐ Ŋ Ŋ

uo=-Ѵbh!-m-vbm]_;  ņ ƐѵņƐѵ ƐƓņƐƓ ƏƐņƏƐ Ŋ Ŋ ƏƓņƏƓ
u"-mfbˆ-";m-m-‹-h;  ņ  ƐѵņƐѵ Ŋ ƏƐņƏƐ ƐƏņƐƐ ƏѵņƏѵ ƏƒņƏƓ
u ;;r-Ѵ"ooub‹--u-1_1_b1  ņ  ƐѵņƐѵ ƐƏņƐƓ ƏƔņƏƔ Ŋ ƏƔņƏѵ ƏƓņƏƓ
uv _-u-)bf-‹-ঞѴ-h;  ņ ƐƔņƐѵ ƐƒņƐƓ ƏƔņƏƔ ƐƐņƐƐ Ŋ ƏƓņƏƓ
bvvmmbh-";m-m-‹-h;  ņ ƐѵņƐѵ Ŋ ƏƑņƏƔ ƐƐņƐƐ ƏƓņƏѵ Ŋ
u!-mbѴ-|_bu-m-  ņ ƐƑņƐѵ ƐƒņƐƓ Ŋ Ŋ Ŋ Ŋ
uv"-†l‹-l-u-v;h;u-  ņ ƐƓņƐѵ Ŋ ƏƒņƏƔ ƏƖņƐƐ ƏƔņƏѵ Ŋ
u!†v_-mh-"bѴˆ-  ņ ƐѵņƐѵ Ŋ Ŋ Ŋ Ŋ Ŋ
u bѴbr7;")bf;‹;u-|m; 2  ņ ƏƑņƏƑ Ŋ Ŋ Ŋ Ŋ Ŋ
u-m7- ;um-m7o  ƐƔņƐѵ Ŋ Ŋ Ŋ ƏѵņƏѵ ƏƒņƏƓ
$o|-Ѵoĺo=;;ঞm]v Ɛѵ ƐƓ ƏƔ 11 Əѵ ƏƓ
Ǝm7;r;m7;m| bu;1|ou†mࢼѲƎƏĸƎƎĸƏƍƎѴ Ərrobm|;7|o|_;o-u7‰ĸ;ĸ=ĸƎƐĸƎƎĸƏƍƎѴ

126 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
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GRIƐƏƑŊƑƑķƑƓ
Board Composition

Board Gender Representation

!!2ņ!$!Ɣ
_-bur;uvom3
_-bul-m!Ɠ

_-bul-m1
_-bur;uvom

8 ƒ
Board of Directors’ Industry/Background
Experience

*! oĺo=
";mboum7;r;m7;m| bu;1|ou
_-bul-m

-m-]bm] bu;1|ou

;r†|‹_-bul-m

omm7;r;m7;m| bu;1|ouŐ ő bu;1|ouv

m7;r;m7;m| bu;1|ouŐ ő
-mhbm] 3
bm-m1; ѵ
†vbm;vvş-m-];l;m| ѵ
!-m-];l;m| 1
-‰ 2
-uh;ঞm] 2
m]bm;;ubm] 2
†0Ѵb17lbmbv|u-ঞom 2

mbm7bˆb7†-Ѵ bu;1|oul-‹u;ru;v;m|lou;|_-mom;7bv1brѴbm;
$o|-Ѵ bu;1|ouv omŠ;1†ঞˆ; bu;1|ouv Š;1†ঞˆ; bu;1|ou
Ő ő Ő ő Age group wise
11 10 01
2 1 6 2
Ɛ o-u7†7b|ollb‚;;Őő
Ƒ o-u7†l-m!;vo†u1;v-m7!;l†m;u-ঞomollb‚;;Ő!!ő
ƒ o-u7olbm-ঞomollb‚;;Őő
Ɠ o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;Ő!ő
Ɣ o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;Ő!$!ő
ƒƔŊƓƔ ƓѵŊƔƔ ƔѵŊѵƔ ѵѵŊƕƏ

Priorities for the Future

mr-u‰b|_ourou-|;oˆ;um-m1;
ubm1brѴ;vv;|0‹|_;!;]†Ѵ-|ouvķlou;
ruolbm;m1;|o0;]bˆ;m|o=†u|_;u-m1;
-m7†r_oѴ7ourou-|;oˆ;um-m1;
1†Ѵ|†u;‰b|_-=o1†v|o‰-u7v-7orঞm]-
_b]_;uv|-m7-u7o=ourou-|;;|_b1vbm
1om7†1ঞm]0†vbm;vvo=|_;-mhĺ

  ! 
-m-]bm] bu;1|ou

oѴol0oķ"ub-mh-
ƐƓ|_ ;0u†-u‹ƑƏƐƖ

SAMPATH SIMPLIFIED 127

CORPORATE GOVERNANCE

The Code of Best Practice on Corporate Governance 2017 issued by the Institute of Chartered Accountants of Sri Lanka
(ICASL CODE)
" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v
o7;Ő|_;
o7;ő
!;=;u;m1;

"$ƐŊ$+Ő$ő

A !$!"
A.1 $!
ŐƐő A.1 @;1ঞˆ;o-u7
$_;o-u7o= bu;1|ouvķ†mঞѴƐƑĺƐƐĺƑƏƐѶ1olrubv;7|;mŐƐƏől;l0;uv-m7ru;v;m|Ѵ‹ Complied
1olrubv;vѴ;ˆ;mŐƐƐő bu;1|ouvķo=‰_ol$;mŐƐƏő-u;omŊŠ;1†ঞˆ; bu;1|ouvbm1Ѵ†7bm]
|_;_-bul-mĺ$_;Š;1†ঞˆ; bu;1|oubv|_;-m-]bm] bu;1|ou‰_obv-Ѵvo-l;l0;u
o=|_;ourou-|;-m-];l;m|ķ|o‰_ol|_;7-‹Ŋ|oŊ7-‹u†mmbm]o=|_;ou]-mbv-ঞom_-v
0;;m7;Ѵ;]-|;7ĺ$_;o-u7_-v-rrobm|;7o-u7"†0ollb‚;;v|o-vvbv|bm7bv1_-u]bm]
|_;bu1oѴѴ;1ঞˆ;7†ঞ;v-m7-rruoˆ;vroѴb1b;vķ]oˆ;um-m1;v|u†1|†u;v-m7|_;7;Ѵ;]-ঞom
o=-†|_oub|‹|oruoˆb7;-1om7†1bˆ;0†vbm;vv;mˆbuoml;m|=ou;@;1ঞˆ;r;u=oul-m1;o=
|_;-mhĺ$_;o-u7bv1Ѵov;Ѵ‹bmˆoѴˆ;7bm7;ˆ;Ѵorbm]v|u-|;]‹-m7v;মm]|_;v_ou|Ŋķ
l;7b†lŊ-m7Ѵom]Ŋ|;ul]o-Ѵvo=|_;-mh-m7u;]†Ѵ-uѴ‹lomb|ouvr;u=oul-m1;-]-bmv|
ru;Ŋ7;|;ulbm;7;‹;u=oul-m1;m7b1-|ouvŐvőķ‰_b1_bm1Ѵ†7;0o|_t†-mঞ|-ঞˆ;-m7
t†-Ѵb|-ঞˆ;l;-v†u;vķom-u;]†Ѵ-u0-vbvĺ

Aendance as a Percentage at Board Meengs During 2018

%

100 1. Mr Channa Palansuriya 16/16

2. Prof. Malik Ranasinghe 16/16
80 3. Mr Sanjiva Senanayake 16/16
4. Mr Deepal Sooriyaarachchi 16/16
60 5. Mrs Dhara Wijayalake 15/16
6. Ms Annika Senanayake 16/16
7. Mr Ranil Pathirana 12/16
40
8. Mrs Saumya Amarasekera 14/16
9. Mr Rushanka Silva 16/16
20 10. Mr Dilip de S Wijeyeratne* 02/02
11. Mr Nanda Fernando 15/16
0 1 2 3 4 5 6 7 8 9 10 11

Meengs Aended Meengs Not Aended

* Appointed to the Board w.e.f. 13.11.2018

ŐƑő A.1.1 !;]†Ѵ-u;;ঞm]v

o-u7l;;ঞm]v-u;_;Ѵ7lom|_Ѵ‹‰_bѴv|vr;1b-Ѵo-u7l;;ঞm]v-u;1omˆ;m;7-v|_;m;;7 Complied
-ubv;vĺ †ubm]ƑƏƐѶ|_;o-u7_;Ѵ7Ɛѵv1_;7†Ѵ;7l;;ঞm]v-m7Əѵ"|u-|;]b1Ѵ-mmbm]
ollb‚;;l;;ঞm]vĺm-77bঞom|o|_;o-u7ķ|_;=oѴѴo‰bm]o-u7"†0ollb‚;;vl;|
u;]†Ѵ-uѴ‹7†ubm]|_;‹;-uĹ

128 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

Ɛĺo-u7†7b|ollb‚;; ƕĺo-u7"|u-|;]b1Ѵ-mmbm]ollb‚;;
Ƒĺo-u7†l-m!;vo†u1;vş Ѷĺo-u7"_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;
!;l†m;u-ঞomollb‚;;
ƒĺo-u7olbm-ঞomollb‚;; Ɩĺo-u7$u;-v†u‹ollb‚;;
Ɠĺo-u7m|;]u-|;7!bvh-m-];l;m| ƐƏĺo-u7-uh;ঞm]ollb‚;;
ollb‚;;
Ɣĺo-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv ƐƐĺo-u7$ollb‚;;
!;ˆb;‰ollb‚;;
ѵĺo-u7u;7b|ollb‚;; ƐƑĺo-u7-rb|-ѴѴ-mmbm]ollb‚;;

$_;l;;ঞm]1-Ѵ;m7-uv1_;7†Ѵbm]-ѴѴo-u7-m7o-u7"†0ollb‚;;l;;ঞm]v=ou|_;
;mv†bm]‹;-ubvru;r-u;7‰;ѴѴbm-7ˆ-m1;-m71bu1†Ѵ-|;7|o-ѴѴo-u7;l0;uvĺ

$_;o-u7l;l0;uv†v;b-7v|o-11;vvo-u7-r;uvˆb-v;1†u;1omm;1ঞomv-m7-u;-0Ѵ;
|ofobml;;ঞm]v;ˆ;m|_uo†]_u;lo|;-11;vvķv†1_-vˆb7;o1om=;u;m1;ĺ ;|-bѴvo=o-u7
;;ঞm]vķ-m7-|ou‹o-u7"†0ollb‚;;;;ঞm]v-m7-‚;m7-m1;-u;]bˆ;momr-];
ƐƑѵo=|_bvu;rou|ĺ
BOARD’S RESPONSIBILITIES: TO PROVIDE ENTREPRENEURIAL LEADERSHIP
WITHIN A FRAMEWORK OF EFFECTIVE CONTROLS, STRENGTHENING THE
SAFETY AND SOUNDNESS OF THE BANK
Őƒő A.1.2 mv†u;|_; oul†Ѵ-ঞom-m7lrѴ;l;m|-ঞomo="o†m7†vbm;vv"|u-|;]‹
$_;o-u7bvu;vromvb0Ѵ;=ouv;মm]v|u-|;]‹ķroѴb1b;v-m7=oulomb|oubm]r;u=oul-m1; Complied
-]-bmv|-]u;;7]o-Ѵv-m7vĺ †ubm]|_;‹;-uķ|_;o-u7_;Ѵ7Əѵv|u-|;]b1rѴ-mmbm]
l;;ঞm]vķ‰_;u;|_;o-u7u;ˆb;‰;7|_;ruo]u;vvo=|_;"|u-|;]b1Ѵ-m ƑƏƐƕŊƑƏƐƖ-m7u;Ŋ
-Ѵb]m;7v|u-|;]b;v0-v;7omruorov-Ѵvo=|_;ourou-|;-m-];l;m|‰_;u;m;1;vv-u‹-m7
=oul†Ѵ-|;7-m7-rruoˆ;7|_;v|u-|;]‹=ou|_;r;ubo7ƑƏƐѶ|oƑƏƑƏĺ
ŐƓő ĺƐĺƑ $_;o-u7_-v-rrobm|;7|_;_-bul-mo=|_;-mh‰_obv-omŊŠ;1†ঞˆ;omŊ Complied
m7;r;m7;m| bu;1|ou-m7_-v-rrobm|;7-";mboum7;r;m7;m| bu;1|ouķ
ŐƔő A.1.2 o-u7bvu;vromvb0Ѵ;|o;mv†u;|_-||_;_b;=Š;1†ঞˆ;L1;uŐőņ-m-]bm] bu;1|ou
Ő ő-m7|_;-m-];l;m|$;-lrovv;vv"hbѴѴvķŠr;ub;m1;-m7mo‰Ѵ;7];|olrѴ;l;m|
|_;"|u-|;]‹ĺ
 -m7-m-];l;m||;-l_-v|_;u;t†bu;7vhbѴѴķhmo‰Ѵ;7];-m7;Šr;ub;m1;bm Complied
blrѴ;l;mঞm]|_;v|u-|;]‹vbm1;|_;‹_-ˆ;l†ѴঞŊvhbѴѴbm]‰b|_-mhbm]ķ bm-m1;ķ$ķ
-m-];l;m|ķ-uh;ঞm]ķ!-m7†7b|0-1h]uo†m7vĺ

$_;o-u7†l-m!;vo†u1;v-m7!;l†m;u-ঞomollb‚;;v†rrou|v|_;o-u7
olbm-ঞomollb‚;;bmblrѴ;l;mঞm]|_;v†11;vvbomv|u-|;]‹=ou;‹-m-];l;m|
;uvomm;ѴŐŝvő|_uo†]_-1omঞm†o†v$-Ѵ;m|-rrbm]-m7"hbѴѴv ;ˆ;Ѵorl;m|ruo1;vvĺ
Őѵő A.1.2 "†11;vvbom"|u-|;]‹=ou-m7vĺ
$_;o-u7olbm-ঞomollb‚;;bvu;vromvb0Ѵ;=ou-7orঞm]-m;@;1ঞˆ;v†11;vvbom Complied
v|u-|;]‹‰b|_u;]-u7|o|_; -m7vķbmv†rrou|o=‰_b1_ķ-o-u7-rruoˆ;7
uo1;7†u;=ou";Ѵ;1ঞomķolbm-ঞom-m7rrobm|l;m|o= -m7vbvbmrѴ-1;ĺ

SAMPATH SIMPLIFIED 129

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

Őƕő A.1.2 rruoˆ-Ѵo=0†7];|v-m7l-fou1-rb|-Ѵ;Šr;m7b|†u;

$_;o-u7bvu;vromvb0Ѵ;=ouu;ˆb;‰bm]-m7-rruoˆbm]l-fou1-rb|-Ѵ;Šr;m7b|†u;0†7];|v Complied
-m7lomb|oubm]|_;-1|†-Ѵr;u=oul-m1;o=|_;bm7bˆb7†-Ѵ"|u-|;]b1†vbm;vv&mb|v-]-bmv|
-rruoˆ;70†7];|v-m7|_;-rruoˆ-Ѵo=t†-u|;uѴ‹-m7-†7b|;7Cm-m1b-Ѵv|-|;l;m|vĺ

mv†rrou|o=u;ˆb;‰bm]-m7-rruoˆbm]l-fou1-rb|-Ѵ;Šr;m7b|†u;ķ-=oul-Ѵuo1†u;l;m|
uo1;7†u;bv0;bm]=oѴѴo‰;7ĺ$_;-rb|-ѴŠr;m7b|†u;ruorov;7|o0;bm1†uu;7-u;Cuv|
v†0lb‚;7|o|_;uo1†u;l;m|ollb‚;;|_-|_-v0;;m;v|-0Ѵbv_;7†m7;u|_;v-b7
uo1†u;l;m|uo1;7†u;ķ‰b|_‰_ov;u;1oll;m7-ঞomomѴ‹ķ|_;ruorov;7;Šr;m7b|†u;-u;
v†0lb‚;7=ou-rruoˆ-Ѵ0‹|_;o-u7ĺ

$_;0†7];|v=ou|_;;mv†bm]‹;-u-u;-rruoˆ;70‹|_;o-u7-Ѵom]‰b|_|_;u;ˆoѴˆbm]
"|u-|;]b1Ѵ-m=ou|_;;mv†bm]‹;-uĺ||_;t†-u|;uѴ‹u;ˆb;‰o=|_;"|u-|;]b1-m7†7];|
Ѵ-m=ouƑƏƐѶķ|_;1olrѴb-m1;‰b|_|_;1ov|0†7];|v‰-v-Ѵvou;ˆb;‰;7ĺ
ŐѶő A.1.2 ;|;ulbmbm]|_;l-‚;uv;Šru;vvѴ‹u;v;uˆ;7|o|_;o-u7-m7|_ov;7;Ѵ;]-|;7|o|_;
-m-];l;m|
o-u7-rruoˆ;7=oul-Ѵv1_;7†Ѵ;o=l-‚;uvvr;1bC1-ѴѴ‹u;v;uˆ;7|o|_;o-u7=ou Complied
7;1bvbombvbmrѴ-1;ĺ=oul-Ѵruo1;7†u;1olrѴb-m|‰b|_|_;-mhĽv;lou-m7†l-m7
uঞ1Ѵ;vo=vvo1b-ঞombv=oѴѴo‰;70‹|_;o-u7bm7;Ѵ;]-ঞm]-†|_oub|‹†rom|_;
-m-];l;m|oml-‚;uv-m7Ѵblb|v7;;l;7-rruorub-|;|o0;7;Ѵ;]-|;7†rom|_;
-m-];l;m|ķv†0f;1||o|_;1om7bঞom|_-||_;-m-];l;m|u;rou|v|o|_;o-u7
u;]†Ѵ-uѴ‹ķ|_;-†|_oubঞ;v;Š;u1bv;70‹|_;l†m7;u|_;-†|_oubঞ;v7;Ѵ;]-|;70‹|_;o-u7ĺ
ŐƖő A.1.2 mv†u;@;1ঞˆ;"‹v|;lv|o";1†u;m|;]ub|‹o=m=oul-ঞomķm|;um-Ѵom|uoѴvķ†vbm;vv
1omঞm†b|‹-m7!bvh-m-];l;m|
o-u7†7b|ollb‚;;u;ˆb;‰vm|;um-Ѵ†7b|u;rou|vv†0lb‚;70‹|_;m|;um-Ѵ†7b| Complied
;r-u|l;m|-m7lomb|ouv=oѴѴo‰†r-1ঞomĺ †u|_;uķ0-v;7om|_;-vv;vvl;m|o=m|;um-Ѵ
om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]Ő !őķ bu;1|ouv1om1Ѵ†7;7|_-||_;-mhĽvm|;um-Ѵ
om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]bv;@;1ঞˆ;ĺ7;v1ubrঞˆ;-11o†m|o=|_;l;-v†u;v|-h;mbm
|_bvu;]-u7bv1om|-bm;7bm|_;o-u7†7b|ollb‚;;!;rou|]bˆ;momr-];vƐƕѵ|oƐƕѶĺ

o-u7-rruoˆ;7ķ-mm†-ѴѴ‹u;ˆb;‰;7†vbm;vvomঞm†b|‹Ѵ-mbvbmrѴ-1;ĺCu;7ubѴѴ Complied
-m7-v‹v|;l7ubѴѴ‰;u;1-uub;7o†|r;u|-bmbm]|o|_;‹;-uƑƏƐѶbm1olrѴb-m1;‰b|_|_;
u;t†bu;l;m|vo=v†1_†vbm;vvomঞm†b|‹Ѵ-mĺ

mbm7;r;m7;m|!bvh-m-];l;m|&mb|_-v0;;m;v|-0Ѵbv_;7ķ_;-7;70‹|_;uo†r Complied
_b;=!bvhL1;u‰_o=†m1ঞom-ѴѴ‹u;rou|v|o|_;o-u7m|;]u-|;7!bvh-m-];l;m|
ollb‚;;ĺ$_;!bvh-m-];l;m|&mb|bv|-vh;7‰b|_|_;u;vromvb0bѴb|‹o=-vv;vvbm]-m7
lbঞ]-ঞm]ˆ-ubo†vubvhv;m1o†m|;u;70‹|_;-mh-m7|_;uo†rbm1-uu‹bm]o†||_;bu
u;vr;1ঞˆ;0†vbm;vv;vĺ

130 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƐķƑƖķƒƑ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƐƏő A.1.2 mv†u;olrѴb-m1;‰b|_-‰vķ!;]†Ѵ-ঞomv-m7|_b1-Ѵ"|-m7-u7v

mbm7;r;m7;m|olrѴb-m1;=†m1ঞom|oo_-v0;;m;v|-0Ѵbv_;7ķ‰_b1_bv_;-7;70‹ Complied
|_;uo†rolrѴb-m1;L1;u‰_o=†m1ঞom-ѴѴ‹u;rou|v|o|_;o-u7m|;]u-|;7!bvh
-m-];l;m|ollb‚;;ķ‰_b1_bv|-vh;7‰b|_;mv†ubm]-mhĽv1olrѴb-m1;‰b|_Ѵ-‰v-m7
u;]†Ѵ-ঞomvĺ

mou7;u|o;mv†u;|_-|;|_b1-Ѵv|-m7-u7v-u;=oѴѴo‰;7ķ|_;o-u7-rruoˆ;7oѴb1‹om Complied
-m-]bm]omYb1|vo=m|;u;v|ķ|_;)_bv|Ѵ;Ѵo‰bm]oѴb1‹ķ|_; bu;1ঞˆ;om ;-Ѵbm]‰b|_
!;Ѵ-|;7-u|‹$u-mv-1ঞomvķ|_;†v|ol;u_-u|;uķ|_;o7;vo=om7†1|=oulrѴo‹;;vķ
|_;;‹-m-];l;m|;uvomm;Ѵķ-m7|_;o7;o=om7†1|-m7oˆ;um-m1;!;t†bu;l;m|v
=ou bu;1|ouv_-ˆ;0;;mblrѴ;l;m|;7-mhŊ‰b7;-m7-v-rruorub-|;ĺ
ŐƐƐő A.1.2 mv†u;-ѴѴ"|-h;_oѴ7;um|;u;v|v-u;omvb7;u;7bmourou-|; ;1bvbomv
$_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhu;t†bu;v|_; bu;1|ouv|o|-h;7;1bvbomvķ|-hbm] Complied
bm|o-11o†m||_;bm|;u;v|vo=1†v|ol;uvķv_-u;_oѴ7;uvķ;lrѴo‹;;v-m7|_;1oll†mb|‹ĺ
77bঞom-ѴѴ‹ķ|_;†v|ol;u_-u|;uķ|_;o-u7"_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;ķ-mhĽv
!oѴb1‹ķ|_;oѴb1‹om-m-]bm]omYb1|vo=m|;u;v|-v‰;ѴѴ-v|_;o-u7!;Ѵ-|;7-u|‹
$u-mv-1ঞomv!;ˆb;‰ollb‚;;-u;bmrѴ-1;bmou7;u|o†r_oѴ7|_;bm|;u;v|vo=|_;v;h;‹
v|-h;_oѴ7;uvĺ
ŐƐƑő A.1.2 !;1o]mbvbm]v†v|-bm-0Ѵ;0†vbm;vv7;ˆ;Ѵorl;m|-m71omvb7;u|_;m;;7=ou-7orঞm]
ľm|;]u-|;7!;rouঞm]Ŀ
m|;]u-|;7!;rouঞm]-m7!;1o]mbvbm]v†v|-bm-0Ѵ;0†vbm;vv7;ˆ;Ѵorl;m|ĺ

$_;o-u7o= bu;1|ouvķ0o|_bm7bˆb7†-ѴѴ‹-m71oѴѴ;1ঞˆ;Ѵ‹1olrѴ‹‰b|_0;v|ru-1ঞ1;v
om;1omolb1ķ;mˆbuoml;m|-Ѵķ-m7vo1b-Ѵ|orb1v‰_bѴv|;mv†ubm]|_-||_;bm|;u;v|o=-ѴѴ
v_-u;_oѴ7;u]uo†rv-u;1omvb7;u;7‰_;m|-hbm]7;1bvbomvĺ

1omolb1"†v|-bm-0bѴb|‹
Complied
Ѵ;-v;u;=;ur-];vƑƏѵ|oƒƔѵĺ

$_;;mˆbuoml;m|
Complied
Ѵ;-v;u;=;ur-];vѶƓ|oѶƖĺ

-0o†uu-1ঞ1;
Complied
Ѵ;-v;u;=;ur-];vѵƓ|oƕƒĺ

"o1b;|‹
Complied
Ѵ;-v;u;=;ur-];vƕѶ|oѶƑĺ

uo7†1|-m7v;uˆb1;u;vromvb0bѴb|‹
Complied
Ѵ;-v;u;=;ur-];vƕƓ|oƕƕĺ

"|-h;_oѴ7;u7;mঞC1-ঞomķm]-];l;m|-m7@;1ঞˆ;oll†mb1-ঞom

Complied
Ѵ;-v;u;=;ur-];vƓƔ|oƓѶĺ

"†v|-bm-0Ѵ;!;rouঞm]-m7 bv1Ѵov†u;
Complied
Ѵ;-v;u;=;ur-];vƒƕƔ|oƒѶƏĺ

SAMPATH SIMPLIFIED 131

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƐƒő A.1.2 mv†u;|_-||_;olr-m‹Ľv(-Ѵ†;v-m7"|-m7-u7v-u;v;|‰b|_lr_-vbvom7orঞm]

rruorub-|;11o†mঞm]oѴb1b;v-m7 ov|;ubm]olrѴb-m1;‰b|_ bm-m1b-Ѵ!;]†Ѵ-ঞomv
$_;o-u7†7b|ollb‚;;-m7|_;o-u7u;vr;1ঞˆ;Ѵ‹u;ˆb;‰-m7-rruoˆ;-mhĽv-11o†mঞm] Complied
roѴb1b;v-mm†-ѴѴ‹ouvoom;ub=u;t†bu;7ķ|o;mv†u;|_-||_;‹-u;bmѴbm;‰b|_|_;0†vbm;vvlo7;Ѵ
o=|_;-mh-m7;ˆoѴˆbm]bm|;um-ঞom-Ѵ-m7Ѵo1-Ѵ-11o†mঞm]v|-m7-u7v-m7bm7†v|u‹0;v|
ru-1ঞ1;vĺ
ŐƐƓő A.1.2 v|-0Ѵbv_-ruo1;vvo=lomb|oubm]-m7;ˆ-Ѵ†-ঞomomv|u-|;]‹blrѴ;l;m|-ঞomķ0†7];|vķrѴ-mv
-m7u;Ѵ-|;7ubvhv
$_;$;ulvo=!;=;u;m1;o=|_;o-u7"|u-|;]b1Ѵ-mmbm]ollb‚;;;mv†u;v|_-||_;!;ˆoѴˆbm] Complied
"|u-|;]b1Ѵ-mu;Ѵ;ˆ-m|=ou|_;1†uu;m|‹;-ubvu;ˆb;‰;7om-t†-u|;uѴ‹0-vbvķu;Ŋ-Ѵb]mbm]
v|u-|;]b;v‰_;u;;ˆ;u-m7‰_;m;ˆ;u7;;l;7m;1;vv-u‹ou-rruorub-|;ĺ$_;ƑƏƐѶņƑƏƑƏ
"|u-|;]b1Ѵ-m‰-v7†Ѵ‹u;ˆb;‰;70‹|_bvollb‚;;t†-u|;uѴ‹ķbm|_bvl-mm;uĺ

$_;$;ulvo=!;=;u;m1;o=|_;o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;u;t†bu;v|_;!bvh Complied
-m-];l;m|&mb||o-m-Ѵ‹v;-m7v†0lb||o|_;o-u7=ouo-u7Ľvbm=oul-ঞomķ1omvb7;u-ঞom
-m7-rruorub-|;-1ঞomķ|_;!bvhv-ubvbm]o†|o=v|u-|;]b;vķrubou|o|_;o-u7]u-mঞm]-rruoˆ-Ѵ
=ou|_;u;ˆoѴˆbm]"|u-|;]b1Ѵ-mĺ$_;o-u71omvb7;u;7|_;ubvhv_b]_Ѵb]_|;70‹|_;!bvh
-m-];l;m|&mb|-vubvhv-ubvbm]o†|o=v|u-|;]b;vrubou|o-rruoˆbm]|_;!;ˆoѴˆbm]"|u-|;]b1
Ѵ-m=ouƑƏƐƖŊƑƏƑƐĺ
ŐƐƔő A.1.2 mv†ubm]|_-|-ruo1;vvbv;v|-0Ѵbv_;7=ou1ourou-|;u;rouঞm]om-mm†-Ѵ-m7t†-u|;uѴ‹0-vbv
mm†-Ѵ†7b|;7 bm-m1b-Ѵ"|-|;l;m|v-m7 †-u|;uѴ‹ bm-m1b-Ѵ"|-|;l;m|v-u;ru;r-u;7-m7 Complied
r†0Ѵbv_;7bm-11ou7-m1;‰b|_|_;=oul-|vru;v1ub0;70‹|_;v†r;uˆbvou‹-m7u;]†Ѵ-|ou‹
-†|_oubঞ;v-m7-rrѴb1-0Ѵ;11o†mঞm]"|-m7-u7vĺ
ŐƐѵő A.1.2 †ѴCѴv†1_o|_;uo-u7 †m1ঞomv-v-u;ˆb|-Ѵķ]bˆ;m|_;v1-Ѵ;ķm-|†u;-m71olrѴ;Šb|‹o=|_;
0†vbm;vv1om1;um;7
$_;o-u7bv1ollb‚;7|o=†ѴCѴb|v=†m1ঞomvbmѴbm;‰b|_|_;Ѵ-‰vķu;]†Ѵ-ঞomv-m7]oo7 Complied
]oˆ;um-m1;ru-1ঞ1;v-7or|;70‹|_;-mhĺ
ŐƐƕő A.1.3 uo1;7†u;=ou bu;1|ouv|o0|-bmm7;r;m7;m|uo=;vvbom-Ѵ7ˆb1;-||_;-mhĽvŠr;mv;
o-u7-rruoˆ;7oѴb1‹bvbmrѴ-1;ķ;m-0Ѵbm] bu;1|ouv|ov;;h-m7o0|-bmm7;r;m7;m| Complied
uo=;vvbom-Ѵ7ˆb1;

vr;u|_bvoѴb1‹ķm7;r;m7;m|ruo=;vvbom-Ѵ-7ˆbvou‹v;uˆb1;v‰;u;vo†]_|oml-‚;uvbm1Ѵ†7bm]
|_;blrѴ;l;m|-ঞomo=‹0;u";1†ub|‹ķ" !"Ɩķm7†v|ub-Ѵ!;Ѵ-ঞomv-m7ruof;1|;7;1omolb1
1om7bঞomvv|;llbm]=uol|_;†7];|uorov-Ѵv7†ubm]|_;‹;-uĺ
ŐƐѶő A.1.4.A bu;1|ouv11;vv|o-7ˆb1;-m7v;uˆb1;vķrrobm|l;m|-m7!;loˆ-Ѵo=|_;
olr-m‹";1u;|-u‹
vr;u|_;o-u7-rruoˆ;7oѴb1‹ruoˆb7bm] bu;1|ouv-11;vv|o7ˆb1;-m7";uˆb1;vo=|_; Complied
olr-m‹";1u;|-u‹ķ-ѴѴ bu;1|ouv_-ˆ;|_;orrou|†mb|‹|oo0|-bm|_;-7ˆb1;-m7v;uˆb1;vo=|_;
olr-m‹";1u;|-u‹‰_obvu;vromvb0Ѵ;=ou;mv†ubm]=oѴѴo‰Ŋ†ro=o-u7ruo1;7†u;vķ1olrѴb-m1;
‰b|_u;Ѵ;ˆ-m|u†Ѵ;v-m7u;]†Ѵ-ঞomvķ7bu;1ঞomv-m7v|-|†|;vķh;;rbm]-m7l-bm|-bmbm]lbm†|;v
-m7u;Ѵ;ˆ-m|u;1ou7vo=|_;-mhĺ&m7;u|_bvruo1;7†u;ķ7†ubm]|_;‹;-u†m7;uu;ˆb;‰ķ|_;
olr-m‹";1u;|-u‹ruoˆb7;7-7ˆb1;|o|_;o-u7ĺ

$_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhvr;1b=‹|_-||_;-rrobm|l;m|-m7u;loˆ-Ѵo=|_; Complied
olr-m‹";1u;|-u‹v_-ѴѴ0;0‹u;voѴ†ঞombmˆoѴˆbm]|_;o-u7ĺ$_;uo1;7†u;|o";Ѵ;1|
-m7rrobm|_b;=Š;1†ঞˆ;L1;u-m7;‹-m-];l;m|;uvomm;ѴŐő|ov†rrou||_;
7bv1u;ঞom-u‹ro‰;uo=|_;o-u7o= bu;1|ouv|o-rrobm||_;olr-m‹";1u;|-u‹ķ0-v;7om|_;
u;1oll;m7-ঞomo=|_;o-u7olbm-ঞomollb‚;;ĺ$_;-mh-1hmo‰Ѵ;7];v|_;olr-m‹
";1u;|-u‹-v-ĺ

132 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƕ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƐƖő A.1.4.B mv†u-m1;1oˆ;u=ouo-u7o= bu;1|ouv-m7v

mbmv†u-m1;roѴb1‹bvbmrѴ-1;|o1oˆ;u|_;o-u7o= bu;1|ouv-m7vo=|_;-mhĺ Complied
ŐƑƏő A.1.5 m7;r;m7;m|†7];l;m|
$_; bu;1|ouvo=|_;-mh_-ˆ;moˆ;v|;7bm|;u;v|bm|_;-mhŝv0†vbm;vv-m7|-h;7;1bvbomv Complied
oml-‚;uv0;=ou;|_;l†vbm]bm7;r;m7;m|f†7];l;m|ĺ$_;-mhĽvoѴb1‹om-m-]bm]
omYb1|vo=m|;u;v|ķ|_;u;ˆb;‰o=u;Ѵ;ˆ-m||u-mv-1ঞomv0‹|_;o-u7!;Ѵ-|;7-u|‹
$u-mv-1ঞom!;ˆb;‰ollb‚;;-m7-7_;u;m1;|o|_;ruoˆbvbomvo=";1ঞomƓƕo=-mhbm]
1|oĺƒƏo=ƐƖѶѶ=†u|_;u;mv†u; bu;1|ouvŝbm7;r;m7;m1;bmf†7];l;m|ĺ
ŐƑƐő A.1.6 ;7b1-|;7;t†-|;$bl;-m7@ou||o-‚;uvo=|_;o-u7-m7|_;olr-m‹
-|;vo=u;]†Ѵ-uo-u7l;;ঞm]v-m7u;]†Ѵ-uo-u7"†0ollb‚;;l;;ঞm]v-u;v1_;7†Ѵ;7 Complied
‰;ѴѴbm-7ˆ-m1;-m7|_;u;Ѵ;ˆ-m|r-r;uv-u;1bu1†Ѵ-|;7];m;u-ѴѴ‹v;ˆ;m7-‹vrubou|o|_;
l;;ঞm]ĺ$_;u;bvruoˆbvbom|o1bu1†Ѵ-|;r-r;uv1Ѵov;u|o|_;l;;ঞm]om-m;Š1;rঞom-Ѵ0-vbvĺ

|bv;vঞl-|;7|_-|omŊŠ;1†ঞˆ; bu;1|ouv7;7b1-|;7mo|Ѵ;vv|_-mƖƏ_o†uv7†ubm]|_;

‹;-u†m7;uu;ˆb;‰=ou|_;-@-buvo=|_;-mh-m7bm-77bঞomķ|_ov; bu;1|ouv‰_o-u;-Ѵvo
l;l0;uvo=o-u7"†0ollb‚;;v7;7b1-|;7mo|Ѵ;vv|_-mƐƖƏ_o†uv=ou|_;-@-buvo=|_;
-mhĺ$_;-‚;m7-m1;-|l;;ঞm]vo=|_;o-u7-m7b|vl-m7-|ou‹"†0ollb‚;;vbv]bˆ;m
bmr-];ƐƑѵĺ
ŐƑƑő A.1.7 m;|_bu7o=|_; bu;1|ouv1-m1-ѴѴ=ou-u;voѴ†ঞom|o0;ru;v;m|;7|o|_;o-u7‰_;u;
|_;‹=;;Ѵb|bvbm|_;0;v|bm|;u;v|o=|_;1olr-m‹|o7ovoĺ
o-u7-rruoˆ;7uo1;7†u;bvbmrѴ-1;;m-0Ѵbm]-ѴѴ bu;1|ouvbm1Ѵ†7;ruorov-Ѵvbm|_; Complied
];m7-ĺ bv1†vvbom-m7u;rouঞm]om-mhĽv‹0;u";1†ub|‹‰-vv†1_-l-‚;uu;voѴˆ;70‹
|_;o-u7|o0;bm|uo7†1;7-v-m-];m7-b|;l-||_;o-u7;;ঞm]v-m7|_;o-u7-rb|-Ѵ
Ѵ-mmbm]ollb‚;;-m7o-u7$ollb‚;;‰;u;;v|-0Ѵbv_;7ķ0-v;7om|_;ruorov-Ѵv
v†0lb‚;70‹ bu;1|ouvĺ
ŐƑƒő A.1.8 $u-bmbm]=ou bu;1|ouv
$_;olr-m‹";1u;|-u‹ķbm1omv†Ѵ|-ঞom‰b|_|_;_-bul-mķu;1oll;m7v bu;1|ouv|o-‚;m7 Complied
|u-bmbm]v;vvbomvņv;lbm-uvĺ †ubm]ƑƏƐѶ|_;=oѴѴo‰bm]-u;-v‰;u;1oˆ;u;7ķ†m7;u$u-bmbm]
=ou bu;1|ouvĹ
Ŏ ‹0;u";1†ub|‹
Ŏ u;7b||u-bmbm]v;vvbomv=ou|_;o-u7o= bu;1|ouv
Ŏ  -lbѴb-ubv-ঞomruo]u-ll;=ou|_;o-u7o= bu;1|ouv1om7†1|;70‹|_; bm-m1b-Ѵ
m|;ѴѴb];m1;&mb|o="ub-mh-Ő"ő
Ŏ |;1_mb1-Ѵv;lbm-u=ou bu;1|ouvo=b1;mv;7oll;u1b-Ѵ-mhv1om7†1|;70‹|_;"

77bঞom-ѴѴ‹ķ|_;o-u7;m1o†u-];vhmo‰Ѵ;7];v_-ubm]-lom]v||_; bu;1|ouvĺ$_;‹-Ѵvo
r-uঞ1br-|;bm|_;v;vvbomvou]-mbv;70‹ruo=;vvbom-Ѵ0o7b;v-m7"ub-mh-mvঞ|†|;o=
bu;1|ouvĺ$_;o-u70;bm]|_;_b]_;v|]oˆ;um-m1;0o7‹b7;mঞC;v|_;vb]mbC1-m1;o=
7;ˆ;Ѵorbm]-m7;m_-m1bm]b|v1oѴѴ;1ঞˆ;hmo‰Ѵ;7];om;1omolb1vķ;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ
|orb1vĺ$_;-mm†-Ѵv;Ѵ=Ŋ-vv;vvl;m|0‹ bu;1|ouv-Ѵvo1oˆ;uv-vr;1|vom|u-bmbm]|ob7;mঞ=‹
|u-bmbm]m;;7v=ou bu;1|ouvĺ

SAMPATH SIMPLIFIED 133

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƒ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

A.2 (" !""$"$)! 

 !$!Ő ő
ŐƑƓő A.2 om7†1ঞm]|_;0†vbm;vvo=|_;o-u7v;r-u-|;Ѵ‹ĸ|o|_;;Š;1†ঞˆ;u;vromvb0bѴbঞ;vo=|_;
-m-];l;m|o=|_;olr-m‹
$_;rovbঞomvo=|_;_-bul-m-m7|_;ņ _-ˆ;0;;mv;r-u-|;7bmѴbm;‰b|_0;v| Complied
ru-1ঞ1;vbmou7;u|ol-bm|-bm-0-Ѵ-m1;o=ro‰;u-m7-†|_oub|‹ĺ$_;_-bul-mbv-om
Š;1†ঞˆ; bu;1|ou‰_bѴ;|_;ņ bv-mŠ;1†ঞˆ; bu;1|ouĺ
A.3 !Ľ"!
ŐƑƔő A.3 _-bul-mĽv!oѴ;bmru;v;uˆbm]]oo7ourou-|;oˆ;um-m1;
$_;_-bul-mĽv=†m1ঞomv-m7u;vromvb0bѴbঞ;v‰_b1_bm1Ѵ†7;-ѴѴ-vr;1|vvr;1bC;7bm|_; Complied
o7;ķ|_;omঞm†bm]bvঞm]!;t†bu;l;m|vo=|_;"-m7|_;-mhbm]1| bu;1ঞomoĺ
ƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvbm"ub-mh-_-ˆ;
0;;m7o1†l;m|;7-m77†Ѵ‹-rruoˆ;70‹|_;o-u7ĺ

ŐƑѵő A.3.1 om7†1|o-u7ruo1;;7bm]vbm-ruor;ul-mm;u

$_;uo†ঞm;];m7-=ouo-u7;;ঞm]v_-v0;;m7;ˆ;Ѵor;70‹|_;_-bul-mbm Complied
1omv†Ѵ|-ঞom‰b|_-ѴѴo|_;u bu;1|ouvbm1Ѵ†7bm]|_;ņ -m7|_;olr-m‹
";1u;|-u‹ĺ$_;v;b|;lvbm1Ѵ†7;7bv1†vvbomvomv|u-|;]‹ķ|_;-mhĽvr;u=oul-m1;ķm7†v|u‹
;u=oul-m1;ķ bm-m1b-Ѵvķv|-|†vo=†l-m!;vo†u1;vķ!bvh-m-];l;m|-m7olrѴb-m1;ķ
$u;-v†u‹†r7-|;ķ†r7-|;om-mhĽvv|-|†vom‹0;u";1†ub|‹-m7m=oul-ঞomom;Š;u1bvbm]
-†|_oubঞ;v7;Ѵ;]-|;70‹|_;o-u7†rom-m-];l;m|ĺ
o-u7ruo1;;7bm]v-u;1om7†1|;7-11ou7bm]|o|_;];m7-ĺ$_;r-r;uv=ou7bv1†vvbom-m7 Complied
|_;];m7--u;];m;u-ѴѴ‹1bu1†Ѵ-|;7v;ˆ;m7-‹vrubou|o|_;l;;ঞm]|_uo†]_†rѴo-7bm]|_;
v-l;om|ob-7vˆb--v;1†u;ѴbmhĺѴѴ bu;1|ouv_-ˆ;0;;mruoˆb7;7‰b|_b-7v-m7|_;‹
1-m-11;vv|_;1†uu;m|-v‰;ѴѴ-v|_;r-v|o-u7r-r;uvˆb-|_bvv;1†u;Ѵbmhĺ
$_;o7;o=om7†1|-m7oˆ;um-m1;!;t†bu;l;m|v=ou bu;1|ouv-m7|_;$;ulvo= Complied
!;=;u;m1;o=;-1_o-u7"†0ollb‚;;vr;ѴѴo†||_; bu;1|ouvĽ7†ঞ;v-m7u;vromvb0bѴbঞ;v
-m7|_;v|-m7-u7o=1-u;u;t†bu;7=uol|_;lĺ$_;v;7o1†l;m|v|oo_-ˆ;0;;m†rѴo-7;7
om|o|_;b-7v-vľ"_-u;7 o1†l;m|vĿruoˆb7bm];-v‹-m7ruolr|-11;vvˆb-|_;v-b7
v;1†u;Ѵbmh|o bu;1|ouvĺ
ѴѴ bu;1|ouvl-h;;@;1ঞˆ;1om|ub0†ঞomv-|l;;ঞm]v=ou|_;0;m;C|o=|_;-mhķ Complied
o@;ubm]|_;buˆb;‰vķ1om1;umv-m7-7ˆb1;=uol|_;robm|o=ˆb;‰o=7bˆ;uv;C;Ѵ7v-m7|_;bu
u;vr;1ঞˆ;ruo=;vvbomvĺ
ѴѴ bu;1|ouv_-ˆ;-11;vv|o-m-];l;m||ov;;hm=oul-ঞom=ou7bv1†vvbomv-|o-u7 Complied
;;ঞm]vĺo-u7r-r;uv-u;t†b|;bm=oul-ঞˆ;-m7-m‹=†u|_;ubm=oul-ঞomu;t†bu;70‹
bu;1|ouv-u;ruoˆb7;70‹|_;-m-];l;m|ķ†romu;t†;v|ĺѴѴ bu;1|ouv_-ˆ;|_;Ѵb0;u|‹
|ou;t†;v|bm1Ѵ†vbomo=l-‚;uvo=1om1;umbm|_;];m7-ķ‰_b1_bvv†rrou|;70‹|_;o-u7
-rruoˆ;7uo1;7†u;|o;m-0Ѵ; bu;1|ouv|obm1Ѵ†7;l-‚;uv-m7ruorov-Ѵvbm|_;];m7-ĺ
o-u7ŝv1olrovbঞom0;bm]$;momŊŠ;1†ঞˆ; bu;1|ouv-m7m;Š;1†ঞˆ; bu;1|ouķ|_; Complied
u;t†bu;70-Ѵ-m1;-m7bm7;r;m7;m1;bmf†7];l;m|vbv;mv†u;7-m7l-bm|-bm;7ĺ
$_;bm†|;vo=o-u7;;ঞm]v-m7o=o-u7"†0ollb‚;;;;ঞm]v1-uu‹ˆ-ubo†v Complied
1om1;umvu-bv;7-m7ˆb;‰v;Šru;vv;70‹ bu;1|ouvbm7bˆb7†-ѴѴ‹bm|_;7;Ѵb0;u-ঞomv-v
ru;1bv;Ѵ‹-vrovvb0Ѵ;ĺ

$_;o-u7bv-‰-u;o=b|vu;vromvb0bѴb|‹|o‰-u7v-ѴѴv|-h;_oѴ7;uvo=|_;-mh-m7-u;bm Complied
1om|uoѴo=|_;-@-buvo=|_;-mhĺ

134 SAMPATH BANK PLC Annual Report 2018

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GRIƐƏƑŊƑƑ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

A.4 &
ŐƑƕő A.4 ˆ-bѴ-0bѴb|‹o= bm-m1b-Ѵ1†l;m-m7mo‰Ѵ;7];|oo@;u]†b7-m1;oml-‚;uvo=Cm-m1;
bm-m1b-Ѵ-1†l;m_-v0;;m-h;‹-‚ub0†|;o=|_;v†11;vv=†Ѵ1-u;;uvo=|_;=oѴѴo‰bm] Complied
bu;1|ouv‰_o_-ˆ;_;Ѵ7v;mboul-m-];l;m|rovbঞomvu;Ѵ-|;7|oCm-m1;bmo|_;uѴ;-7bm]
Cm-m1b-Ѵbmvঞ|†ঞomvĹ
yu"-mfbˆ-";m-m-‹-h;
yu ;;r-Ѵ"ooub‹--u-1_1_b
yu!-mbѴ-|_bu-m-
yu!†v_-mh-"bѴˆ-
yu bѴbr7;")bf;‹;u-|m;
A.5 ! 
ŐƑѶő ĺƔĺƐ omŊŠ;1†ঞˆ; bu;1|ouvo=v†L1b;m|1-Ѵb0u;-m7m†l0;u
&mঞѴƐƑĺƐƐĺƑƏƐѶķ|_;o-u71olrubv;7mbm;omŊŠ;1†ঞˆ; bu;1|ouvbm1Ѵ†7bm]|_; Complied
_-bul-m-m7om;Š;1†ঞˆ; bu;1|ou‰_obv|_;ņ ĺ)ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶķ|_;o-u7ŝv
1olrovbঞom_-v0;;m|;momŊŠ;1†ঞˆ; bu;1|ouv-m7om;Š;1†ঞˆ; bu;1|ouĸ|_;
l-foub|‹0;bm]omŊŠ;1†ঞˆ; bu;1|ouv-vru;v1ub0;70‹|_;o7;ĺ

$_;omŊŠ;1†ঞˆ; bu;1|ouv-u;ruo=;vvbom-Ѵvņ-1-7;lb1vņ0†vbm;vvѴ;-7;uvķ_oѴ7bm]ņ Complied

_-ˆbm]_;Ѵ7v;mbourovbঞomvbm|_;buu;vr;1ঞˆ;C;Ѵ7v‰_o-u;7;;l;7|o0;o=v†L1b;m|
-m7-rruorub-|;1-Ѵb0u;ĺv|_;l-foub|‹o=|_;o-u71olrubv;vomŊŠ;1†ঞˆ; bu;1|ouvķ
|_;buorbmbomv-m7ˆb;‰v1-uu‹vb]mbC1-m|‰;b]_|bm|_;o-u77;1bvbomvĺ

u"-mfbˆ-";m-m-‹-h;ķ|_;";mboum7;r;m7;m| bu;1|ouo=|_;-mhķ_-vv;uˆ;7bm Complied

h;‹l-m-];ub-Ѵrovbঞomvbmv;ˆ;u-ѴѴo1-Ѵ-m7=ou;b]m bm-m1b-Ѵmvঞ|†ঞomvbm1Ѵ†7bm]|_;
m|;um-ঞom-Ѵ bm-m1;ourou-ঞomĺ$_; ;r†|‹_-bul-m_oѴ7v- o1|ou-|;bmbˆbѴ
m]bm;;ubm]1omolb1vĺ"bŠ bu;1|ouvķbm1Ѵ†7bm]|_; ķ_oѴ7-v|;uvĽ ;]u;;vbm†vbm;vv
7lbmbv|u-ঞomķ"1b;m1;ŊŐm]bm;;ubm]ő-m7-‰u;vr;1ঞˆ;Ѵ‹ĺ$_u;;l;l0;uv_oѴ7
-1_;ѴouĽv7;]u;;vbmoll;u1;ķ-‰-m7u|vŐ-m-];l;m|őĺ$‰o bu;1|ouv-u; ;ѴѴo‰
;l0;uv-m7-mo|_;ubv-mvvo1b-|;;l0;uo=|_;_-u|;u;7mvঞ|†|;o=-m-];l;m|
11o†m|-m|vŋ&ķ‰_bѴv|om; bu;1|oubv-mvvo1b-|;l;l0;uo=|_;mvঞ|†|;o=
_-u|;u;711o†m|-m|vo="ub-mh-ķ‰_obv-Ѵvo- ;ѴѴo‰;l0;uo=|_;_-u|;u;7
mvঞ|†|;o=-m-];l;m|11o†m|-m|vŋ&ĺ

";mboum7;r;m7;m| bu;1|ou_-v0;;m-rrobm|;70‹|_;-mhvbm1;|_;_-bul-mķ Complied

|_o†]_ķbv-omŊŠ;1†ঞˆ; bu;1|ouķbvmo|-mm7;r;m7;m| bu;1|ouĺ
Execuve Directors & Non-Execuve Directors

10

Non-Execuve Directors
Execuve Directors

SAMPATH SIMPLIFIED 135

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƑƖő A.5.2 $‰o$_bu7vo=|_;omŊŠ;1†ঞˆ; bu;1|ouvv_o†Ѵ70;m7;r;m7;m| Not complied

ub|;ub-|o7;;l- bu;1|ouľm7;r;m7;m|Ŀ

&mঞѴƐƑĺƐƐĺƑƏƐѶķ"bŠŐƏѵőo=|_;omŊŠ;1†ঞˆ; bu;1|ouvo=|_;-mh‰;u;7;;l;7

m7;r;m7;m|o=l-m-];l;m|-m7=u;;o=-m‹0†vbm;vvouo|_;uu;Ѵ-ঞomv_br|_-|1o†Ѵ7
l-|;ub-ѴѴ‹bm|;u=;u;‰b|_ou1o†Ѵ7u;-vom-0Ѵ‹0;r;u1;bˆ;7|ol-|;ub-ѴѴ‹bm|;u=;u;‰b|_|_;
;Š;u1bv;o=|_;bu†m=;‚;u;7-m7bm7;r;m7;m|f†7];l;m|ķl;;ঞm]|_;1ub|;ub-o=0o|_ķ|_;
o7;-v‰;ѴѴ-vo=|_;-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕourou-|;oˆ;um-m1;=ou
b1;mv;7oll;u1b-Ѵ-mhvbvv†;70‹|_;;m|u-Ѵ-mho="ub-mh-Ő"őķ-m71olrѴ‹bm]
‰b|_|_;u;]†Ѵ-|ou‹u;t†bu;l;m|ĺ

)ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶķ|_;m†l0;uo=omŊŠ;1†ঞˆ; bu;1|ouv7;;l;7m7;r;m7;m|ķl;;ঞm]

|_;v-b71ub|;ub-_-v0;;mu;7†1;7|o bˆ;ŐƏƔőķ1u;-ঞm]-momŊ1olrѴb-m1;‰b|_|_;
u;]†Ѵ-|ou‹u;t†bu;l;m|ĺ
Independent Directors &
Non-Independent Directors

Independent Directors
Non-Independent Directors

ŐƒƏő A.5.3 m7;r;m7;m1;o=omŊŠ;1†ঞˆ; bu;1|ouv

bˆ;ŐƏƔőo=|_;omŊŠ;1†ঞˆ; bu;1|ouv-u;bm7;r;m7;m|o=l-m-];l;m|-m7=u;;o=-m‹ Complied
0†vbm;vvouo|_;uu;Ѵ-ঞomv_br|_-|1o†Ѵ7l-|;ub-ѴѴ‹bm|;u=;u;‰b|_ou1o†Ѵ7u;-vom-0Ѵ‹0;
r;u1;bˆ;7|ol-|;ub-ѴѴ‹bm|;u=;u;‰b|_|_;;Š;u1bv;o=|_;bu†m=;‚;u;7-m7bm7;r;m7;m|
f†7];l;m|ĺ
ŐƒƐő A.5.4 mm†-Ѵ ;1Ѵ-u-ঞomv_-ˆ;0;;mo0|-bm;7=uol;-1_omŊŠ;1†ঞˆ; bu;1|ou-v|o|_; Complied
v|-|†vo=bm7;r;m7;m1;ņmomŊbm7;r;m7;m1;=ou|_;‹;-uƑƏƐѶĺ
ŐƒƑő A.5.5 mm†-Ѵˆ-Ѵ†-ঞomo=m7;r;m7;m1;
$_;o-u71-uub;7o†||_;-mm†-Ѵ;ˆ-Ѵ†-ঞomo=bm7;r;m7;m1;o=|_; bu;1|ouv0-v;7om Complied
|_;v†0lbvvbomo=|_;-mm†-Ѵ7;1Ѵ-u-ঞomvĺ-v;7om|_;v;ķ|_;=oѴѴo‰bm] bu;1|ouv‰;u;
7;;l;7|o0;bm7;r;m7;m|-v-|ƒƐĺƐƑĺƑƏƐѶĹ

yuo=-Ѵbh!-m-vbm]_;
yu"-mfbˆ-";m-m-‹-h;
yuv _-u-)bf-‹-ঞѴ-h;
ybvvmmbh-";m-m-‹-h;
yu!-mbѴ-|_bu-m-
$_;u;‰;u;mo bu;1|ouv7;;l;7m7;r;m7;m|‰_;u;-ѴѴ1ub|;ub-‰;u;mo|l;|ĺ

136 SAMPATH BANK PLC Annual Report 2018

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$ "&""ş+""
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" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

Őƒƒő A.5.6 Ѵ|;um-|; bu;1|ouv

m;Š;1†ঞˆ;o=|_;olr-m‹v_o†Ѵ7mo|0;-rrobm|;7-v-mѴ|;um-|; bu;1|ouo=|_; Complied
olr-m‹ĺ

$_;Ѵ|;um-|;|o-mm7;r;m7;m| bu;1|ouv_o†Ѵ7l;;||_;1ub|;ub-o=bm7;r;m7;m1;
-m71omv;t†;m||o|_;-rrobm|l;m|o=|_;Ѵ|;um-|; bu;1|ouķ|_;lbmbl†lm†l0;uo=
m7;r;m7;m| bu;1|ouv-Ѵvov_o†Ѵ70;v-ঞvC;7ķ

$_;-mhķ-v-roѴb1‹ķ7o;vmo|;m1o†u-];|_;-rrobm|l;m|o=Ѵ|;um-|; bu;1|ouvķ0†|
;m1o†u-];v-|-ѴѴঞl;vķ|_;r-uঞ1br-ঞomo=-ѴѴ bu;1|ouvbmr;uvomĺ
ŐƒƓő Ɣĺƕ rrobm|l;m|o=";mboum7;r;m7;m| bu;1|ouŐ" ő
-mh_-v-rrobm|;7-_-bul-m-m7-ņ -vu;t†bu;70‹|_;v-b7-mhbm]1| Complied
bu;1ঞomoĺƐƐo=ƑƏƏƕĺ

$_;_-bul-mo=|_;olr-m‹mo|0;bm]-mm7;r;m7;m| bu;1|ouķomŊŠ;1†ঞˆ;Ŋ

m7;r;m7;m| bu;1|ouu"-mfbˆ-";m-m-‹-h;_-v0;;m-rrobm|;7-v|_;";mbou
m7;r;m7;m| bu;1|ouŐ" őĺ
ŐƒƔő ;;ঞm]v‰b|_|_;";mboum7;r;m7;m| bu;1|ou
$_;" _;Ѵ7l;;ঞm]v‰b|_|_;omŊŠ;1†ঞˆ; bu;1|ouv|‰b1;7†ubm]ƑƏƐѶ-m7‰b|_|_; Complied
Š;1†ঞˆ; bu;1|ouķom1;ĺ
Őƒѵő A.5.8 $_;" bv-ˆ-bѴ-0Ѵ;=ou|_;omŊŠ;1†ঞˆ; bu;1|ouv=ou1omC7;mঞ-Ѵ7bv1†vvbomv-m7 Complied
r-uঞ1br-|;7-||_;v_-u;_oѴ7;uvĽl;;ঞm]v7†ubm]|_;‹;-uĺ
Őƒƕő A.5.9 _-bul-m|o_oѴ7l;;ঞm]v‰b|_omŊŠ;1†ঞˆ; bu;1|ouvķ‰b|_o†|Š;1†ঞˆ; bu;1|ouv Complied
0;bm]ru;v;m|
_-bul-m_;Ѵ7om;l;;ঞm]‰b|_|_;omŊŠ;1†ঞˆ; bu;1|ouv‰b|_o†||_;Š;1†ঞˆ; Complied
bu;1|ou0;bm]ru;v;m|7†ubm]|_;‹;-uƑƏƐѶĺ
ŐƒѶő A.5.10 !;1ou7bm]o= bu;1|ouvĽ1om1;umvbmo-u7bm†|;v
o-u7bm†|;v-u;ru;r-u;7bmou7;u|ou;1ou7-m‹1om1;umvo=|_;o-u7-v-‰_oѴ;ou Complied
|_ov;o=bm7bˆb7†-Ѵ bu;1|ouvu;]-u7bm]l-‚;uvrѴ-1;7=ou|_;bu-rruoˆ-Ѵņ]†b7-m1;ņ-1ঞomĺ
$_;v;bm†|;v-u;1bu1†Ѵ-|;7-m7=oul-ѴѴ‹-rruoˆ;7-||_;v†0v;t†;m|o-u7l;;ঞm]ķ
m|_;ruo1;vvo=lbm†ঞm]|_;ruo1;;7bm]vo=-l;;ঞm]ķ|_;1om1;umvu-bv;70‹;-1_
bu;1|oubv1Ѵ;-uѴ‹u;1ou7;7|o];|_;u‰b|_|_;u;vromv;vo=|_;o|_;uvĺ
A.6 "&+ !($ !$
ŐƒƖő A.6.1 uoˆbvbomo=-rruorub-|;-m7ঞl;Ѵ‹bm=oul-ঞom
$_;l-m-];l;m|ruoˆb7;v1olru;_;mvbˆ;bm=oul-ঞombm1Ѵ†7bm]0o|_t†-mঞ|-ঞˆ;-m7 Complied
t†-Ѵb|-ঞˆ;bm=oul-ঞom=ou|_;lom|_Ѵ‹o-u7;;ঞm]vķ];m;u-ѴѴ‹v;ˆ;m7-‹vrubou|o
|_;o-u7l;;ঞm]vĺ$_; bu;1|ouv-Ѵvo_-ˆ;=u;;-m7or;m-11;vv|o-m-];l;m|-|-ѴѴ
Ѵ;ˆ;Ѵv|oo0|-bm=†u|_;ubm=oul-ঞomou1Ѵ-ub=‹-m‹1om1;umv|_;‹l-‹_-ˆ;ĺv7;v1ub0;7
-0oˆ;ķ|_;‹-Ѵvo_-ˆ;|_;ub]_||ov;;hbm7;r;m7;m|ruo=;vvbom-Ѵ-7ˆb1;-||_;olr-m‹Ľv
;Šr;mv;ķbmv†rrou|o=‰_b1_-o-u7rruoˆ;7oѴb1‹bvbmrѴ-1;-m71orb;vo=-7ˆb1;
o0|-bm;7bm|_bvl-mm;u-u;1bu1†Ѵ-|;7|oo|_;u bu;1|ouv‰_ou;t†;v|b|ĺ

SAMPATH SIMPLIFIED 137

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƓ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƓƏő A.6.1 _-bul-m|o;mv†u;-ѴѴ bu;1|ouv-u;ruor;uѴ‹0ub;=;7ombvv†;v-ubvbm]-|o-u7;;ঞm]v

ѴѴ bu;1|ouv-u;ruolr|Ѵ‹-m7-7;t†-|;Ѵ‹0ub;=;7oml-‚;uv-ubvbm]-|o-u7l;;ঞm]v Complied
|_uo†]_1olru;_;mvbˆ;o-u7-r;uvĺ77bঞom-ѴѴ‹ķ|_;u;Ѵ;ˆ-m|l;l0;uvo=|_;
-m-];l;m||;-l-u;omv|-m70‹=ou=†u|_;u1Ѵ-ubC1-ঞomv-vl-‹0;u;t†bu;70‹ bu;1|ouv
ou‰bѴѴl-h;ru;v;m|-ঞomv-|o-u7l;;ঞm]vĺ

m‹ bu;1|ou‰_o7o;vmo|-‚;m7-l;;ঞm]bv†r7-|;7omruo1;;7bm]vrubou|o|_;m;Š|
l;;ঞm]|_uo†]_Ĺ
y oul-ѴѴ‹7o1†l;m|;7lbm†|;vo=l;;ঞm]vĺ
yv;r-u-|;o-u7r-r;uru;r-u;7_b]_Ѵb]_ঞm]|_;b|;lv‰_b1_m;;7|o0;1olrѴ;|;7
-m7m;;7=oѴѴo‰Ŋ†r-1ঞomo=|_;ru;ˆbo†vl;;ঞm]vĺŐ$_bvbv|-h;m†rbll;7b-|;Ѵ‹-[;u
1omCul-ঞomo=lbm†|;vĺő
yu1_bˆ;7lbm†|;v-m7o-u7r-r;uv-11;vvb0Ѵ;;Ѵ;1|uomb1-ѴѴ‹-||_;1omˆ;mb;m1;o=|_;
bu;1|ouvĺ
ŐƓƐő A.6.2 o-u7-r;uv-m7];m7-|o0;1bu1†Ѵ-|;7v;ˆ;m7-‹vrubou|ol;;ঞm]v
v7;v1ub0;7-0oˆ;ķo-u7r-r;uv-u;];m;u-ѴѴ‹1bu1†Ѵ-|;7v;ˆ;m7-‹v0;=ou;|_;l;;ঞm]ĺ Complied
$_;u;bvruoˆbvbom=ou1bu1†Ѵ-ঞomo=†u];m|r-r;uv-m7ņour-r;uvom_b]_Ѵ‹v;mvbঞˆ;
l-‚;uv‰b|_-v_ou|;umoঞ1;-m7-Ѵvo=ou-rruoˆ-Ѵo=l-‚;uv0‹1bu1†Ѵ-ঞomķ0†|v†1_
bmv|-m1;v-u;|_;;Š1;rঞom-m7mo||_;u†Ѵ;ĺ

bm†|;vo=|_;l;;ঞm]vv_o†Ѵ7ou7bm-ubѴ‹0;ruoˆb7;7|o bu;1|ouv-|Ѵ;-v||‰o‰;;hv Complied

-[;u|_;l;;ঞm]7-|;ĺ

bm†|;vo=l;;ঞm]v-u;ruoˆb7;7‰b|_bm|_;vঞr†Ѵ-|;7r;ubo7‰_;u;ˆ;urovvb0Ѵ;ĺ
A.7 $$"$$!
ŐƓƑő A.7.1 oul-Ѵ-m7|u-mvr-u;m|ruo1;7†u;=oum;‰-rrobm|l;m|v|_uo†]_-m;v|-0Ѵbv_;7
olbm-ঞomollb‚;;
$_;o-u7_-v;v|-0Ѵbv_;7-o-u7olbm-ঞomollb‚;;‰_ov;$;ulvo=!;=;u;m1; Complied
1olrѴb;vv†0v|-mঞ-ѴѴ‹‰b|_|_;"r;1bl;m]bˆ;mbm|_;o7;-m7‰b|_|_;-mhbm]1|
bu;1ঞomoĺƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvĺ
;l0;uv_bro=|_bvblrou|-m|o-u7"†0ollb‚;;bv]bˆ;momr-];ƐѶƐo=|_;mm†-Ѵ
!;rou|ĺ11ou7bm]Ѵ‹ķ;‰ bu;1|ouvŐ0o|_Š;1†ঞˆ;-m7omŠ;1†ঞˆ;ő-u;-rrobm|;70‹
|_;o-u7†rom1omvb7;u-ঞomo=u;1oll;m7-ঞomv0‹|_;o-u7olbm-ঞomollb‚;;bm
|;ulvo=|_;o-u7-rruoˆ;7oѴb1‹om";Ѵ;1ঞomķolbm-ঞomķrrobm|l;m|-m7Ѵ;1ঞom
o= bu;1|ouv‰_b1_bvbmrѴ-1;ķbmv†rrou|o=|_bvruo1;vvĺ
ŐƓƒő A.7.2 mm†-ѴѴ‹-vv;vvo-u71olrovbঞom
$_;o-u7-mm†-ѴѴ‹-vv;vv;vb|v1olrovbঞom|o-v1;u|-bm‰_;|_;u|_;1ol0bm;7 Complied
hmo‰Ѵ;7];ķvhbѴѴ-m7;Šr;ub;m1;o=|_;o-u7l-|1_;v|_;v|u-|;]b17;l-m7v=-1bm]|_;
-mh-m7bvv-ঞvC;7|_-|b|l-|1_;v|_;u;t†bu;l;m|v7;l-m7;7ĺ

o-u7olbm-ঞomollb‚;;1omvb7;uv|_;o†|1ol;o=v†1_-vv;vvl;m|v‰_;m
-rrobm|l;m|v|o|_;o-u7-u;ruorov;7ĺ

138 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƓ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƓƓő A.7.3 bv1Ѵov†u;o=bm=oul-ঞom|o"_-u;_oѴ7;uv†rom-rrobm|l;m|o=;‰ bu;1|ouv

ѴѴm;‰-rrobm|l;m|v|o|_;o-u7-u;1oll†mb1-|;7|o|_;v_-u;_oѴ7;uvˆb-|_;oѴol0o Complied
"|o1hŠ1_-m];bm|_;m]Ѵbv_Ѵ-m]†-];ķ|o];|_;u‰b|_0ub;=u;v†l;vo=v†1_ bu;1|ouvĺ
"†1_-mmo†m1;l;m|vv;|vo†||_;C;Ѵ7vo=v†1_ bu;1|ouĽv;Šr;uঞv;ķ_bvņ_;u7bu;1|ouv_brv
bmo|_;u1olr-mb;vķ|_;m†l0;uo=v_-u;v_;ņv_;_oѴ7vbm|_;-mhķ‰_;|_;u_;ņv_;
bv-rrobm|;7-v-mŠ;1†ঞˆ; bu;1|ouou-omŊŠ;1†ঞˆ; bu;1|ouķ-m7‰_;|_;u-v-m
m7;r;m7;m| bu;1|ouou-v-omŊm7;r;m7;m| bu;1|ouĺ

$_;-rrobm|l;m|o=u bѴbr7;")bf;‹;u-|m;‰ĺ;ĺ=ĺƐƒ|_oˆ;l0;uƑƏƐѶ‰-v-mmo†m1;7
|o|_;r†0Ѵb1bm|_bvl-mm;uĺ

†u|_;uķ|_;ruoCѴ;vo=|_;1†uu;m| bu;1|ouv-u;]bˆ;momr-];vƐѵ|oƑƐbm|_bvmm†-Ѵ
!;rou|‰_b1__-v0;;m|u-mvѴ-|;7bm|o"bm_-Ѵ--v‰;ѴѴķbmh;;rbm]‰b|_|_;|u-7bঞomvo=|_;
-mhĺ
A.8 !Ŋ$
ŐƓƔő A.8.1 ѴѴ bu;1|ouvv_o†Ѵ7v†0lb||_;lv;Ѵˆ;v=ouu;Ŋ;Ѵ;1ঞom-|u;]†Ѵ-ubm|;uˆ-Ѵv
vr;u|_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhķom;Ŋ|_bu7o=|_; bu;1|ouvu;ঞu;-|;-1_ Complied
mm†-Ѵ;m;u-Ѵ;;ঞm]-m7o@;u|_;lv;Ѵˆ;v=ouu;Ŋ;Ѵ;1ঞomĺ"†1_ bu;1|ouv‰_ou;ঞu;
-u;|_ov;‰_o_;Ѵ7oL1;=ou|_;Ѵom];v|r;ubo7vbm1;|_;bu;Ѵ;1ঞomņu;Ŋ-rrobm|l;m|ĺm
-11ou7-m1;‰b|_|_bvruoˆbvbomķ|_;=oѴѴo‰bm] bu;1|ouvu;ঞu;-m7o@;u|_;lv;Ѵˆ;v=ouu;Ŋ
;Ѵ;1ঞom-||_;ƒƒu7mm†-Ѵ;m;u-Ѵ;;ঞm]Ĺ

yu!-mbѴ-|_bu-m-
yu ;;r-Ѵ"ooub‹--u-1_1_b
yuo=-Ѵbh!-m-vbm]_;
yuv _-u-)bf-‹-ঞѴ-h;

oѴѴo‰bm] bu;1|ouv‰;u;u;Ŋ;Ѵ;1|;7-||_;ƒƑm7mm†-Ѵ;m;u-Ѵ;;ঞm]Ĺ
yu_-mm--Ѵ-mv†ub‹-
yu"-mfbˆ-";m-m-‹-h;
yuv"-†l‹-l-u-v;h;u-
ybvvmmbh-";m-m-‹-h;

0ub;=u;v†l;o=;-1_ bu;1|ouv|-m7bm]=ouu;Ŋ;Ѵ;1ঞombvruoˆb7;7bmm]Ѵbv_-m7"bm_-Ѵ-|o

;m-0Ѵ;v_-u;_oѴ7;uv|ol-h;-mbm=oul;77;1bvbomĺ

$_;o-u7-m7|_;o-u7olbm-ঞomollb‚;;-u;-1ঞˆ;Ѵ‹;m]-];7bmv†11;vvbom
rѴ-mmbm]=ou0o|_Š;1†ঞˆ;-m7omŊŠ;1†ঞˆ; bu;1|ouv|o;mv†u;|_-|o-u71olrovbঞom
bvr;ubo7b1-ѴѴ‹u;ˆb;‰;7|o;mv†u;-m7|_-||_;o-u7u;|-bmvb|v;@;1ঞˆ;m;vv-|-ѴѴঞl;vĺ
ŐƓѵő A.8.1 omŊŠ;1†ঞˆ; bu;1|ouv-u;-rrobm|;7=ouvr;1bC;7|;ulvv†0f;1||ou;Ŋ;Ѵ;1ঞom
omŊŠ;1†ঞˆ; bu;1|ouv-u;-rrobm|;7‰b|_-rruoˆ-Ѵo=|_;;m|u-Ѵ-mho="ub-mh- Complied
Ő"ő-m7v|-m7=ou;Ѵ;1ঞom-||_;bll;7b-|;Ѵ‹v†11;;7bm]mm†-Ѵ;m;u-Ѵ;;ঞm]vbm
|;ulvo=uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhĺ$_bvbvbm1olrѴb-m1;‰b|_|_;u;t†bu;l;m|vo=
|_;o7;-v‰;ѴѴ-v|_;v-b7" bu;1ঞomoĺƐƐo=ƑƏƏƕĺ

u bѴbr7;")bf;‹;u-|m;‰_o‰-v-rrobm|;7|o|_;o-u7‰ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶķ‰bѴѴ0;
v†0f;1||o;Ѵ;1ঞom0‹|_;v_-u;_oѴ7;uv-||_;mm†-Ѵ;m;u-Ѵ;;ঞm]|o0;_;Ѵ7om
ƑƖĺƏƒĺƑƏƐƖĺ

SAMPATH SIMPLIFIED 139

CORPORATE GOVERNANCE

GRIƐƏƑŊƑѶ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƓƕő A.8.2 ѴѴ bu;1|ouvbm1Ѵ†7bm]_-bul-m|o0;v†0f;1||ou;Ŋ;Ѵ;1ঞom-|Cuv|orrou|†mb|‹-[;u

-rrobm|l;m|-m7u;Ŋ;Ѵ;1ঞom-|Ѵ;-v|om1;bm;ˆ;u‹|_u;;‹;-uv|_;u;-[;u
ѴѴomŊŠ;1†ঞˆ; bu;1|ouvv|-m7=ou;Ѵ;1ঞom0‹v_-u;_oѴ7;uv-|mm†-Ѵ;m;u-Ѵ Complied
;;ঞm]vbll;7b-|;Ѵ‹=oѴѴo‰bm]|_;bu-rrobm|l;m|ĺu!†v_-mh-"bѴˆ-ķ‰_o‰-v-rrobm|;7
|o|_;o-u77†ubm]|_;Ѵ-‚;ur-u|o=ƑƏƐƕķ‰-v;Ѵ;1|;70‹|_;v_-u;_oѴ7;uv-||_;mm†-Ѵ
;m;u-Ѵ;;ঞm]_;Ѵ7omƑƖ|_-u1_ƑƏƐѶĺ

u bѴbr7;")bf;‹;u-|m;ķ‰_o‰-v-rrobm|;7|o|_;o-u7‰ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶ|oCѴѴ†r-
1-v†-Ѵˆ-1-m1‹bm|_;o-u7ķ‰bѴѴ1ol;†r=ou;Ѵ;1ঞom0‹|_;v_-u;_oѴ7;uv-||_;mm†-Ѵ
;m;u-Ѵ;;ঞm]|o0;_;Ѵ7bm-u1_ƑƏƐƖĺ

vr;u|_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhķom;Ŋ|_bu7o=|_; bu;1|ouvu;ঞu;-|;-1_ Complied

mm†-Ѵ;m;u-Ѵ;;ঞm]-m7o@;u|_;lv;Ѵˆ;v=ouu;Ŋ;Ѵ;1ঞomĺ
ŐƓѶő A.8.3 !;vb]m-ঞomo=- bu;1|ou
m|_;;ˆ;m||_-|- bu;1|ou‰bv_;v|ou;vb]m=uol_bvņ_;urovbঞom-v- bu;1|ouķ_;ņv_; olrѴb;7ĺ
bv;Šr;1|;7|oruoˆb7;-‰ub‚;m1oll†mb1-ঞom|o|_;o-u7=oul-ѴѴ‹|-0Ѵbm]_bvņ_;u
u;vb]m-ঞom-Ѵom]‰b|_u;-vomv=ouv†1_u;vb]m-ঞomĺ"†1_u;t†;v|‰o†Ѵ70;7†Ѵ‹|-0Ѵ;7-|
|_;bll;7b-|;Ѵ‹v†11;;7bm]o-u7;;ঞm]ĺ

†ubm]|_;‹;-u†m7;uu;ˆb;‰ķmo bu;1|ou|;m7;u;7u;vb]m-ঞomĺ
A.9 !" ! ! !
ŐƓƖő A.9.1 rru-bv-Ѵo=o-u7;u=oul-m1;
-1_ bu;1|ouo=|_;o-u7-mm†-ѴѴ‹-rru-bv;v|_;o-u7Ľvo‰mr;u=oul-m1;|o;mv†u;|_-| Complied
b|bv7bv1_-u]bm]b|vu;vromvb0bѴbঞ;vv-ঞv=-1|oubѴ‹ĺ$_bvruo1;vvu;t†bu;v;-1_ bu;1|ou|oCѴѴ
-o-u7;u=oul-m1;ˆ-Ѵ†-ঞom oulbmѴbm;‰b|_|_;ruoˆbvbomvo=|_;u;Ѵ;ˆ-m|";1ঞomo=
|_;o7;ĺ$_;u;vromv;v-u;u;ˆb;‰;70‹|_;olr-m‹";1u;|-u‹‰_o1olrbѴ;v-u;rou|
‰_b1_bvv†0lb‚;7=ou7bv1†vvbom-|-o-u7;;ঞm]ĺ
ŐƔƏő A.9.2 rru-bv-Ѵo=o-u7"†0ollb‚;;v
$_;-mm†-Ѵv;Ѵ=Ŋ-vv;vvl;m|o=|_;o-u7"†0ollb‚;;v|oo=oѴѴo‰v-vblbѴ-uruo1;vv-m7 Complied
|_;u;rou|v-u;u;|-bm;70‹|_;olr-m‹";1u;|-u‹ĺ
ŐƔƐő A.9.3 uo1;vv|ou;ˆb;‰ bu;1|ouvĽr;u=oul-m1;-||_;ঞl;o=u;Ŋ;Ѵ;1ঞom
";Ѵ=!;ˆb;‰ruo1;vv|o-v1;u|-bm|_;;Š|;m|o=|_;1om|ub0†ঞomr-uঞ1br-ঞom-m7 Complied
;m]-];l;m|o=;-1_ bu;1|oubv=oѴѴo‰;7vbl†Ѵ|-m;o†vѴ‹‰b|_|_;o-u7;u=oul-m1;
ˆ-Ѵ†-ঞom0‹|_; bu;1|ouvĺ
ŐƔƑő A.9.4 bv1Ѵov†u;o=|_;l;|_o7o=-rru-bv-Ѵo=|_;o-u7-m7o-u7"†0ollb‚;;
r;u=oul-m1;
v;ŠrѴ-bm;7bmĺƖĺƐķĺƖĺƑ-m7ĺƖĺƒ-0oˆ; Complied

140 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƒƔķƒѵ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

A.10 ""&!  !$!"$  !$!"

"_-u;_oѴ7;uvv_o†Ѵ70;h;r|-7ˆbv;7o=u;Ѵ;ˆ-m|7;|-bѴvbmu;vr;1|o= bu;1|ouv
ŐƔƒő A.10.1 mm†-Ѵ!;rou|7bv1Ѵov;v|_;=oѴѴo‰bm]bm=oul-ঞomu;Ѵ-ঞm]|o bu;1|ouvĹ
y-l;ķt†-ѴbC1-ঞomvķ;Šr;uঞv;bmu;Ѵ;ˆ-m|=†m1ঞom-Ѵ-u;-vķl-|;ub-Ѵ0†vbm;vvbm|;u;v|v Complied
-m7-0ub;=ruoCѴ;o=;-1_ bu;1|oubv]bˆ;momr-];vƐѵ|oƑƐĺ
y-1_ bu;1|ouŝvŠ;1†ঞˆ;ņomŊŠ;1†ঞˆ;-m7m7;r;m7;m|ņomŊm7;r;m7;m|v|-|†vbv Complied
]bˆ;momr-];vƐѵ|oƑƐĺ
y!;Ѵ-|;7-u|‹$u-mv-1ঞomv-u;]bˆ;momr-];vƒƏѶ|oƒƐƑĺ Complied
y-l;vo=1olr-mb;v-m7o|_;u;mঞঞ;vbm‰_b1_;-1_ bu;1|ou1om1;um;7v;uˆ;v-v- Complied
o-u7l;l0;u-u;]bˆ;momr-];vƐѵ|oƑƐĺ
y;l0;uv_bro= bu;1|ouvbmo-u7-m7-|ou‹"†0ollb‚;;v-u;]bˆ;momr-];vƐƕѵ Complied
|oƐѶƓ-m7|_;bu-‚;m7-m1;-|o-u7;;ঞm]v-m7o-u7"†0ollb‚;;l;;ঞm]v-u;
]bˆ;momr-];ƐƑѵĺ
A.11 !"  *&$( !Őőņ !$!Ő ő
$_;o-u7v_o†Ѵ7ķ-|Ѵ;-v|-mm†-ѴѴ‹ķ-vv;vv|_;r;u=oul-m1;o=|_;
ŐƔƓő A.11.1 ";|u;-vom-0Ѵ;Cm-m1b-Ѵ-m7momŊCm-m1b-Ѵ|-u];|v|o0;l;|0‹|_;ņ
$_;o-u77bv1†vv;7-m7v;|Cm-m1b-Ѵ-m7momŊCm-m1b-Ѵ|-u];|v|o0;-1_b;ˆ;77†ubm]|_; Complied
‹;-u0‹|_; ‰b|_u;=;u;m1;|o|_;v_ou|Ŋķl;7b†lŊ-m7Ѵom]Ŋ|;ulo0f;1ঞˆ;vo=|_;
-mh-||_;0;]bmmbm]o=ƑƏƐѶĺ$_;|-u];|v=ouƑƏƐƖ‰;u;-Ѵvov;|-||_;;m7o=ƑƏƐѶĺ
ŐƔƔő A.11.2 ˆ-Ѵ†-|;r;u=oul-m1;o=|_;ņ ‰b|_u;=;u;m1;|o|-u];|v
$_;r;u=oul-m1;;ˆ-Ѵ†-ঞomo=|_; =ouƑƏƐƕ‰-v1-uub;7o†|0‹|_;o-u7!ş Complied
!;l†m;u-ঞomollb‚;;7†ubm]|_;Cuv|t†-u|;uo=ƑƏƐѶ‰b|_u;=;u;m1;|o|-u];|v-m7
]o-Ѵv-1_b;ˆ;70‹|_;-mh‰_b1_‰;u;u;rou|;7|o|_;o-u7ĺ$_;o-u7;Šru;vv;7b|v
v-ঞv=-1ঞom-||_; ĽvѴ;ˆ;Ѵo=r;u=oul-m1;7†ubm]ƑƏƐƕĺ

$_;r;u=oul-m1;;ˆ-Ѵ†-ঞomo=|_;-m-]bm] bu;1|ou=ouƑƏƐѶ‰bѴѴ0;1-uub;7o†|7†ubm]
|_;Cuv|t†-u|;uo=ƑƏƐƖĺ
B !$!"Ľ!&!$
B.1 !&!$! &!
ŐƔѵő B.1.1 rrobm|l;m|o=-!;l†m;u-ঞomollb‚;;

$_;o-u7_-v;v|-0Ѵbv_;7-o-u7†l-m!;vo†u1;vş!;l†m;u-ঞomollb‚;;Őo-u7 Complied
!ş!;l†m;u-ঞomollb‚;;ő|o7;ˆ;ѴorroѴb1b;v-m7u;1oll;m7u;l†m;u-ঞom=ou
|_; bu;1|ouv-m7vu;vr;1ঞˆ;Ѵ‹=ou-rruoˆ-Ѵ0‹|_;o-u7ĺo bu;1|oubvbmˆoѴˆ;7bm
7;1b7bm]_bvo‰mu;l†m;u-ঞomĺ$_;$;ulvo=!;=;u;m1;o=|_bvollb‚;;bvv†0v|-mঞ-ѴѴ‹
bm1olrѴb-m1;‰b|_"1_;7†Ѵ;o=|_;o7;-m7o|_;uu;]†Ѵ-|ou‹]†b7;Ѵbm;v-m7|_;
ollb‚;;_;Ѵ7ƏƔl;;ঞm]v7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺ

$_;o-u7=oѴѴo‰v|_;o-u7-rruoˆ;7!;‰-u7-m-];l;m|oѴb1‹=ou;‹-m-];l;m|
;uvomm;Ѵķ-v‰;ѴѴ-v|_;o-u7-rruoˆ;7 bu;1|ouvĽ!;l†m;u-ঞomoѴb1‹bmu;1oll;m7bm]
u;l†m;u-ঞom=ou|_;v-m7 bu;1|ouv=ou-rruoˆ-Ѵ0‹|_;o-u7ĺ

†u|_;ubm=oul-ঞomu;]-u7bm]|_;o-u7!ş!;l†m;u-ঞomollb‚;;bv]bˆ;mbm|_; Complied
o-u7!ş!;l†m;u-ঞomollb‚;;!;rou|omr-];vƐƕƖşƐѶƏĺ

SAMPATH SIMPLIFIED 141

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƔƕő ĺƐĺƑş !;l†m;u-ঞomollb‚;;|o1olrubv;;Š1Ѵ†vbˆ;Ѵ‹o=omŊŠ;1†ঞˆ; bu;1|ouvķo=‰_olķ

B.1.3 |_;l-foub|‹v_o†Ѵ70;bm7;r;m7;m|‰_bѴv||_;_-bur;uvomo=|_;ollb‚;;v_o†Ѵ70;
-mm7;r;m7;m| bu;1|ouĺ
&mঞѴƐƑĺƐƐĺƑƏƐѶķ|_;o-u7!ş!;l†m;u-ঞomollb‚;;1olrubv;7|_;=oѴѴo‰bm] Complied
bu;1|ouvķ-ѴѴo=‰_ol-u;omŊŠ;1†ঞˆ; bu;1|ouvĺ

yu ;;r-Ѵ"ooub‹--u-1_1_bŐ_-bul-mő
yu_-mm--Ѵ-mv†ub‹-
yuv _-u-)bf-‹-ঞѴ-h;
ybvvmmbh-";m-m-‹-h;
yuv"-†l‹-l-u-v;h;u-

)b|_;@;1|=uolƐƒĺƐƐĺƑƏƐѶ|_;o-u7u;voѴˆ;7=ou|_;ollb‚;;Ľv1olrovbঞom|o0;Ĺ
yuv _-u-)bf-‹-ঞѴ-h;Ő_-bur;uvomő
yu_-mm--Ѵ-mv†ub‹-
yuo=-Ѵbh!-m-vbm]_;
yu"-mfbˆ-";m-m-‹-h;
yu ;;r-Ѵ"ooub‹--u-1_1_b
ybvvmmbh-";m-m-‹-h;
yuv"-†l‹-l-u-v;h;u-ķ
 o‰bm]|o|_;=-1||_-|u ;;r-Ѵ"ooub‹--u-1_1_b1;-v;7|o0;-mm7;r;m7;m|
bu;1|ou‰ĺ;ĺ=ĺƐƒ|_oˆ;l0;uƑƏƐѶ
ŐƔѶő B.1.4 !;l†m;u-ঞom=ouomŊŠ;1†ঞˆ; bu;1|ouv
!;l†m;u-ঞomo=omŊŠ;1†ঞˆ; bu;1|ouvbv7;|;ulbm;70‹|_;o-u7-v-‰_oѴ;ķbm Complied
-11ou7-m1;‰b|_|_;o-u7-rruoˆ;7oѴb1‹om bu;1|ouvĽ!;l†m;u-ঞomķbm-11ou7-m1;
‰b|_|_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;olr-m‹ĺ
ŐƔƖő B.1.5 !;l†m;u-ঞomo=Š;1†ঞˆ; bu;1|ouv
!;l†m;u-ঞomo=Š;1†ঞˆ; bu;1|ouvbvu;1oll;m7;70‹|_;o-u7!ş!;l†m;u-ঞom Complied
ollb‚;;‰_b1__-v-11;vv|oruo=;vvbom-Ѵ-7ˆb1;=uol‰b|_bmouo†|vb7;|_;-mh
bm=oul†Ѵ-ঞm]|_;buruorov-Ѵv=ou-rruoˆ-Ѵ0‹|_;o-u7o= bu;1|ouvĺ$_;_-bul-mo=
|_;-mhbv-Ѵvo-l;l0;uo=|_bvo-u7"†0ollb‚;;ĺ$_;o-u7-rruoˆ;7!;‰-u7
-m-];l;m|oѴb1‹=ouv‰_b1_bvbmrѴ-1;]oˆ;umv|_;u;l†m;u-ঞomo=|_;Š;1†ঞˆ;
bu;1|ouv-v‰;ѴѴķ|_;Š;1†ঞˆ; bu;1|ouv0;bm]-ĺ
B.2 $( & !&!$

ŐѵƏő ĺƑĺƐş !;l†m;u-ঞom=ouŠ;1†ঞˆ; bu;1|ouvv_o†Ѵ7-‚u-1|ķu;|-bm-m7loঞˆ-|;

B.2.2
!;l†m;u-ঞom=ouŠ;1†ঞˆ; bu;1|ouv7;vb]m;7|o-‚u-1|ķu;|-bm-m7loঞˆ-|;|_;l-v Complied
7;|;ulbm;70‹|_;o-u7!ş!;l†m;u-ঞomollb‚;;ĺ$_;-mhbvv;uˆ;70‹om;
Š;1†ঞˆ; bu;1|ouķ‰_obv|_;-m-]bm] bu;1|ouĺbvu;l†m;u-ঞom1olrubv;v-CŠ;7
v-Ѵ-u‹1olrom;m|ķ‰_b1_bm1Ѵ†7;vr;ut†bvb|;v-m7-ѴѴo‰-m1;v-v‰;ѴѴ-v-r;u=oul-m1;
0-v;71olrom;m|Ѵbmh;7|o-1_b;ˆ;l;m|o=0o|_t†-Ѵb|-ঞˆ;-m7t†-mঞ|-ঞˆ;-vr;1|v
o=|_;-mhĽv1ourou-|;|-u];|v-m7_bvbm7bˆb7†-Ѵ|-u];|vĺo-u7!ş!;l†m;u-ঞom
ollb‚;;1omvb7;uvl-uh;|ru-1ঞ1;v-m7v;;hvruo=;vvbom-Ѵ-7ˆb1;‰_;mu;t†bu;7bm
ou7;u|o7bv1_-u];b|vu;vromvb0bѴbঞ;v‰b|_u;]-u7|ou;1oll;m7bm]omu;l†m;u-ঞomo=|_;
Š;1†ঞˆ; bu;1|ouĺ

142 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐѵƐő B.2.3 ovbঞombm]olr-m‹u;l†m;u-ঞomѴ;ˆ;Ѵvu;Ѵ-ঞˆ;|oo|_;u1olr-mb;v

$_;o-u7!ş!;l†m;u-ঞomollb‚;;u;ˆb;‰v|_;-mhĽvu;l†m;u-ঞomѴ;ˆ;Ѵvbm Complied
u;Ѵ-ঞom|oo|_;u0-mhvbm|_;1o†m|u‹ĺv-Ѵ-u‹v†uˆ;‹o=vr;1bC1fo0rovbঞomv_;Ѵ70‹|_;
ourou-|;-m-];l;m|-m7|_;v|-@-v-‰_oѴ;‰-v=oѴѴo‰;7|o7;|;ulbm;v-Ѵ-ub;v0‹|_;
o-u7†romu;1oll;m7-ঞom0‹o-u7!ş!;l†m;u-ঞomollb‚;;7†ubm]|_;‹;-u
†m7;uu;ˆb;‰ĺ
ŐѵƑő B.2.4 ";mvbঞˆb|‹o=|_;!;l†m;u-ঞomollb‚;;|ou;l†m;u-ঞom-m7;lrѴo‹l;m|1om7bঞomv
o-u7!ş!;l†m;u-ঞomollb‚;;bvlbm7=†Ѵo=|_;1olr-u-ঞˆ;;lrѴo‹l;m| olrѴb;7ĺ
1om7bঞomv-m71omvb7;uv|_;m-|†u;-m7;Š|;m|o=u;vromvb0bѴb|‹ķ|_;‰ouhˆoѴ†l;-m7|_;
Ѵ;ˆ;Ѵo=r;u=oul-m1;-]-bmv||_;|-u];|vv;|-||_;0;]bmmbm]o=|_;‹;-u‰_;m1omvb7;ubm]
|_;|;-l0-v;7r;u=oul-m1;0-v;7bm1;mঞˆ;vĺ
Őѵƒő B.2.5 ;u=oul-m1;u;Ѵ-|;7;Ѵ;l;m|vo=u;l†m;u-ঞom=ouŠ;1†ঞˆ; bu;1|ouv
omvb7;ubm]|_;u;1oll;m7-ঞomvl-7;0‹|_;o-u7!-m7!;l†m;u-ঞomollb‚;;ķ Complied
-[;ul†1_7;Ѵb0;u-ঞomvķ|_;o-u7-rruoˆ;7-m;Š|u;l;Ѵ‹1_-ѴѴ;m]bm]ķ0†||u-mvr-u;m|v;|
o=|-u];|v=ou|_; ķ‰_obv|_;omѴ‹Š;1†ঞˆ; bu;1|ouo=|_;-mhĺ$_;v;|-u];|v-u;
bm|;m7;7|o;-um|_;_b]_;v|ˆ-Ѵ†;-77bঞomv|o-ѴѴv|-h;_oѴ7;uvķo=‰_b1_ķ-1olrom;m|bv
7bu;1|Ѵ‹Ѵbmh;7|o|_;r;u=oul-m1;u;Ѵ-|;71olrom;m|o=|_; ŝvu;l†m;u-ঞomĺ
ŐѵƓő B.2.6 "_-u;orঞomv1_;l;v
ov_-u;orঞomv1_;l;‰-vblrѴ;l;m|;7oubm|uo7†1;77†ubm]ƑƏƐѶĺ Complied
ŐѵƔő B.2.7 ;vb]mbm]v1_;l;vo=r;u=oul-m1;u;Ѵ-|;7u;l†m;u-ঞom
v1_;l;o=|;-l0-v;7r;u=oul-m1;u;Ѵ-|;7u;l†m;u-ঞom_-v0;;mbm=ou1;bm|_;-mh Complied
vbm1;ƑƏƐѵĺo‰;ˆ;uķ†m7;u|_bvv1_;l;ķmor;u=oul-m1;u;Ѵ-|;7u;l†m;u-ঞombv]u-m|;7
‰b|_;@;1|bm|_;u;|uovr;1|ĺ
Őѵѵő B.2.8 -uѴ‹|;ulbm-ঞomo=;lrѴo‹l;m|o= bu;1|ouv
oom|u-1|=ou";uˆb1;v_-ˆ;0;;m;m|;u;7bm|o0‹|_;-mh‰b|_b|vomŊŠ;1†ঞˆ; Complied
bu;1|ouvĺ$_;|;ulo=- bu;1|ouՉ_;|_;uŠ;1†ঞˆ;ouomŊŠ;1†ঞˆ;ő‰o†Ѵ71ol;
|o-m;m7bm|_;1bu1†lv|-m1;vv;|o†|bm|_;o-u7-rruoˆ;7uo1;7†u;=ou";Ѵ;1ঞomķ
olbm-ঞom-m7rrobm|l;m|o= bu;1|ouvĺo1olr;mv-ঞombvr-‹-0Ѵ;0‹|_;olr-m‹
|ob|vomŊŠ;1†ঞˆ; bu;1|ouvomŞ;-uѴ‹7;|;ulbm-ঞomŞo=|;ul=ou-m‹u;-vom‰_-|vo;ˆ;uĺ
$_bvbvv†rrou|;70‹|_;o-u7-rruoˆ;7 bu;1|ouvĽ!;l†m;u-ঞomoѴb1‹‰_b1_bvbmrѴ-1;ĺ

$_;|;ulvo=;lrѴo‹l;m|o=ķ ‰_obv-m;lrѴo‹;;o=|_;-mhķ-u;]oˆ;um;70‹|_;
|;ulvo=_bvom|u-1|o=lrѴo‹l;m|ĺ
Őѵƕő B.2.9 ;-Ѵbm]‰b|_;-uѴ‹|;ulbm-ঞom
vv|-|;7bmƑĺѶ-0oˆ;ķ|_;-mh_-vmo|-7or|;7-oѴb1‹ou-ru-1ঞ1;|o]u-m| Complied
1olr;mv-ঞom|oomŊŠ;1†ঞˆ; bu;1|ouv‰_ov;|;ulbvru;l-|†u;Ѵ‹7;|;ulbm;7=ou
-m‹u;-vom‰_-|vo;ˆ;uĺvv|-|;7ru;ˆbo†vѴ‹ķ|_;|;ulvo=;lrѴo‹l;m|o= ‰_obv-m
;lrѴo‹;;o=|_;-mhķ-u;]oˆ;um;70‹|_;|;ulvo=_bvom|u-1|o=lrѴo‹l;m|ĺ
ŐѵѶő B.2.10 ;ˆ;Ѵvo=u;l†m;u-ঞom=ouomŊŠ;1†ঞˆ; bu;1|ouv
$_;o-u7-v-‰_oѴ;7;|;ulbm;v|_;Ѵ;ˆ;Ѵvo=u;l†m;u-ঞom=ouomŊŠ;1†ঞˆ; bu;1|ouv Complied
|-hbm]bm|o-11o†m|ķ|_;ঞl;ķ1ollb|l;m|-m7u;vromvb0bѴbঞ;vo=|_;buuoѴ;-m7l-uh;|
ru-1ঞ1;vĺ!;l†m;u-ঞom=ouomŊŠ;1†ঞˆ; bu;1|ouv7o;vmo|bm1Ѵ†7;v_-u;orঞom
v1_;l;vĺo-u7-rruoˆ;7roѴb1‹om bu;1|ouvĽ!;l†m;u-ঞombvbmrѴ-1;ķv;মm]o†|
-mhŝvroѴb1‹-m7rubm1brѴ;v‰b|_u;]-u7|ou;l†m;u-ঞom=ou |_;omŊŠ;1†ঞˆ; bu;1|ouvĺ

SAMPATH SIMPLIFIED 143

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

B.3 ""&! !&!$

ŐѵƖő B.3.1 olrovbঞomo=o-u7!ş!;l†m;u-ঞomollb‚;;ķ!;l†m;u-ঞomoѴb1‹-m7
bv1Ѵov†u;o=]]u;]-|;!;l†m;u-ঞom-b7|o bu;1|ouv
$_;1olrovbঞomo=|_;o-u7!ş!;l†m;u-ঞomollb‚;;-m7b|vu;rou|bv]bˆ;mom Complied
r-];vƐƕƖşƐѶƏĺ
$_;-]]u;]-|;u;l†m;u-ঞom|oŠ;1†ঞˆ;-m7omŊŠ;1†ঞˆ; bu;1|ouv-u;]bˆ;mbmo|; Complied
oĺƓƕĺƒĺƐ|o|_; bm-m1b-Ѵ"|-|;l;m|vomr-];ƒƏѶĺ
-l;vo=|_;;l0;uvo=|_;o-u7†l-m!;vo†u1;vş!;l†m;u-ঞomollb‚;;-u; Complied
7bv1Ѵov;7omr-];vƐƕƖşƐѶƏbm|_bvmm†-Ѵ!;rou|ĺ
C !$")$"! !"
C.1 "$!&$(&" $&!$Őő  &$
 !$"
ŐƕƏő C.1.1 omv|u†1ঞˆ;†v;o=|_;şo|_;u];m;u-Ѵl;;ঞm]v
$_;mm†-Ѵ;m;u-Ѵ;;ঞm]bv|_;l-bm=ou†l=ou1om|-1|0;|‰;;mv_-u;_oѴ7;uv-m7|_; Complied
o-u7ĺ$_;-mh_-v-_bv|ou‹o=0;bm]om;o=|_;lov|-‚;m7;7mm†-Ѵ;m;u-Ѵ;;ঞm]v
bm|_;1o†m|u‹ĺv;r-u-|;"†0ollb‚;;o=|_;o-u7ķo-u7"_-u;_oѴ7;u!;Ѵ-ঞomv
ollb‚;;_-v0;;m;v|-0Ѵbv_;7=ou|_;r†urov;o=0†bѴ7bm]†ru;Ѵ-ঞomv‰b|_|_;
v_-u;_oѴ7;uv-m7-77u;vvbm]|_;bu1om1;umvĺ$_bvollb‚;;1om7†1|v-mor;m=ou†l‰b|_
|_;v_-u;_oѴ7;uvbll;7b-|;Ѵ‹=oѴѴo‰bm]|_;;-1_‹;-uĺm-77bঞomķ|_;ollb‚;;
l;||‰oo11-vbomvbmou7;u|o=oѴѴo‰†rom|_;ruorov-Ѵvv†0lb‚;70‹v_-u;_oѴ7;uv-||_;
"_-u;_oѴ7;uvĽ=ou†lbmƑƏƐѶ-v‰;ѴѴ-v|_ov;v†0lb‚;7-m7=uolঞl;|oঞl;7†ubm]|_;
‹;-uĺ
$_;mm†-Ѵ!;rou|ķ|o];|_;u‰b|_|_;oঞ1;o=|_;-m7|_;o|_;ur-r;uvu;Ѵ-|;7 Complied
|_;u;|oķ-u;7†Ѵ‹1bu1†Ѵ-|;7|o-ѴѴv_-u;_oѴ7;uvķƐƔ‰ouhbm]7-‹vrubou|o|_;-m7
-"bm_-Ѵ-ˆ;uvbombv-Ѵvor†0Ѵbv_;7;-1_‹;-u-m77bvr-|1_;7|ov_-u;_oѴ7;uvķ‰_o_-ˆ;
u;t†;v|;7=ou-"bm_-Ѵ-|u-mvѴ-ঞomo=|_;v-l;ĺ"_-u;_oѴ7;uv-u;ru;ˆbo†vѴ‹u;t†;v|;7|o
moঞ=‹|_;buu;vr;1ঞˆ;Ѵ-m]†-];ru;=;u;m1;|ou;1;bˆ;|_;mm†-Ѵ!;rou|ĺ77bঞom-ѴѴ‹ķ|_;
_-bul-mĽv-m7 Ľvl;vv-];v-u;|u-mvѴ-|;7bm|o$-lbѴ-v‰;ѴѴ;-1_‹;-uĺ
ŐƕƐő C.1.2 7orঞomo=v;r-u-|;u;voѴ†ঞom-m7o†m|o=-ѴѴruoŠ‹ˆo|;vѴo7];7
v;r-u-|;u;voѴ†ঞom|o0;ruorov;7om;-1_v†0v|-mঞ-ѴѴ‹v;r-u-|;bvv†;-m7r-uঞ1†Ѵ-uѴ‹ Complied
u;Ѵ-ঞm]|o|_;-7orঞomo=|_;mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvŐ|_;!;rou|ő-m7
|_;11o†m|vĺ

v;r-u-|;u;voѴ†ঞom‰-vruorov;7-m7-7or|;7om;-1_v†0v|-mঞ-ѴѴ‹v;r-u-|;bvv†;ĺ$_;
!;rou|-m7|_;11o†m|v‰;u;-7or|;70‹v;r-u-|;u;voѴ†ঞomvĺ
ѴѴruoŠ‹ˆo|;vѴo7];7ķ|o];|_;u‰b|_|_;ˆo|;vo=v_-u;_oѴ7;uvru;v;m|-||_;-u; Complied
1omvb7;u;7=ou;-1_u;voѴ†ঞomĺm‹ˆo|;v‰b|__;Ѵ7‰;u;mo|1omvb7;u;7bm7;|;ulbmbm]|_;
m†l0;uo=ˆo|;v=ou-m7-]-bmv|;-1_u;voѴ†ঞomĺ

144 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƕƑő C.1.3 $o;mv†u;|_-|-ѴѴˆ-Ѵb7ruoŠ‹-rrobm|l;m|vu;1;bˆ;7=ou;m;u-Ѵ;;ঞm]v-u;ruor;uѴ‹

u;1ou7;7-m71o†m|;7
$_;-mh7†Ѵ‹l-bm|-bmv-u;]bv|;u‰_;u;|_;uoŠb;vu;1;bˆ;7-u;u;]bv|;u;7ĺ$_;u;]bv|;u Complied
bv1Ѵov;7-[;u|_;7;-7Ѵbm;=ouuoŠb;v|o0;Ѵo7];7-vr;u|_;oঞ1;o=;;ঞm]-m7|_;
m†l0;uo=ˆo|;vu;1;bˆ;7=ou-m7-]-bmv|;-1_u;voѴ†ঞombv-mmo†m1;7-||_;u;Ѵ;ˆ-m|
;m;u-Ѵ;;ঞm]ĺ
||_;l;;ঞm]ķ=ou-7orঞomo=;-1_u;voѴ†ঞomķ|_;_-bul-mķbm-77bঞom|o|_;7;|-bѴvo= Complied
|_;uoŠb;vu;]bv|;u;7ķ1-ѴѴv=ou-ˆo|;0‹v_o‰o=_-m7v=oѴѴo‰;70‹|_;-mmo†m1;l;m|-v
|o‰_;|_;u|_;u;voѴ†ঞombv1-uub;7oumo|ĺ
Őƕƒő C.1.4 ˆ-bѴ-0bѴb|‹o=o-u7"†0ollb‚;;_-bur;uvom-|
o-u7"†0ollb‚;;_-bur;uvomv-u;ru;v;m|-||_;-v-u†Ѵ;ķ|o-mv‰;u-m‹ Complied
t†;vঞomvu-bv;7-||_;ՆmѴ;vvru;ˆ;m|;70‹bѴѴ_;-Ѵ|_ou7†;|o†u];m|†m-ˆob7-0Ѵ;
1bu1†lv|-m1;vőķ‰_o‰bѴѴu;vrom7‰_;mu;t†;v|;7|o7ovo0‹|_;_-bul-mĺ

||_;_;Ѵ7omƑƖ|_-u1_ƑƏƐѶķ|_;=oѴѴo‰bm]_-bur;uvomv‰;u;ru;v;m|Ĺ

u!-mbѴ-|_bu-m- Ő_-bul-mŊo-u7†7b|ollb‚;;ő

u ;;r-Ѵ"ooub‹--u-1_1_b Ő_-bul-mŊo-u7†l-m!;vo†u1;vş!;l†m;u-ঞom

 ollb‚;;şo-u7-uh;ঞm]ollb‚;;ő

bvvmmbh-";m-m-‹-h; Ő_-bur;uvomŊo-u7olbm-ঞomollb‚;;ő

u"-mfbˆ-";m-m-‹-h; Ő_-bul-mŊo-u7m|;]u-|;7!bvh-m-];l;m|
 ollb‚;;şo-u7$u;-v†u‹ollb‚;;ő

uv _-u-)bf-‹-ঞѴ-h; Ő_-bur;uvomŊo-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv

 !;ˆb;‰ollb‚;;ő

u_-mm--Ѵ-mv†ub‹- Ő_-bul-mŊo-u7"|u-|;]b1Ѵ-mmbm]ollb‚;;ő

uo=-Ѵbh!-m-vbm]_; Ő_-bul-mŊo-u7u;7b|ollb‚;;ķo-u7
 "_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;ķo-u7$
 ollb‚;;şķo-u7-rb|-ѴѴ-mmbm]ollb‚;;ő
ŐƕƓő C.1.5 bu1†Ѵ-ঞomo=oঞ1;o=-m7u;Ѵ-|;77o1†l;m|v|o"_-u;_oѴ7;uv
oঞ1;o=|_;-m7u;Ѵ-|;7r-r;uv-u;1bu1†Ѵ-|;7|ov_-u;_oѴ7;uv-|Ѵ;-v|ƐƔ‰ouhbm] Complied
7-‹vrubou|o|_;l;;ঞm]bm-11ou7-m1;‰b|_|_;u;]†Ѵ-ঞomvĺ
ŐƕƔő C.1.5 "†ll-u‹o=ruo1;7†u;v]oˆ;umbm]ˆoঞm]-||_;
v†ll-u‹o=|_;ruo1;7†u;]oˆ;umbm]ˆoঞm]-||_;bvruoˆb7;7bm|_;uoŠ‹ oulķ Complied
‰_b1_bv1bu1†Ѵ-|;7|ov_-u;_oѴ7;uvƐƔ‰ouhbm]7-‹vrubou|o|_;ĺ

SAMPATH SIMPLIFIED 145

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƐķƒƒ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

C.2 &$)$"! !"

$oblrѴ;l;m|;@;1ঞˆ;1oll†mb1-ঞom‰b|_v_-u;_oѴ7;uv
Őƕѵő C.2.1 1_-mm;Ѵ|o0;-ˆ-bѴ-0Ѵ;|ou;-1_-ѴѴv_-u;_oѴ7;uvo=|_;olr-m‹=ouঞl;Ѵ‹
7bvv;lbm-ঞomo=bm=oul-ঞom
$_;-mhrov|vomb|v‰;0vb|;Չ‰‰ĺv-lr-|_ĺѴhő1orb;vo=mm†-Ѵ!;rou|vķm|;ubl!;rou|v Complied
-m7-ѴѴo|_;ul-|;ub-Ѵbm=oul-ঞomu;Ѵ-ঞm]|o|_;-mhĺ$_;v;-u;rov|;7om|_;‰;0vb|;-v
voom-vru-1ঞ1-0Ѵ;-[;u|_;‹_-ˆ;0;;mu;Ѵ;-v;7|o|_;oѴol0o"|o1hŠ1_-m];ĺ

ѴѴr†0Ѵb17bv1Ѵov†u;vo=|_;-mhŐbll;7b-|;ouo|_;u‰bv;őruolr|Ѵ‹u;-1_|_;
v_-u;_oѴ7;uv|_uo†]_|_;-uh;|mmo†m1;l;m|vl-7;0‹|_;olr-m‹ĺ$_;-mh
ruoˆb7;v=-bu7bv1Ѵov†u;v‰b|_;lr_-vbvom|_;bm|;]ub|‹ķ-11†u-1‹ķঞl;Ѵbm;vv-m7u;Ѵ;ˆ-m1;
o=|_;bm=oul-ঞomruoˆb7;7ĺ

m-77bঞomķ|_;o-u7_-v-rrobm|;7-"†0ollb‚;;om"_-u;_oѴ7;u!;Ѵ-ঞomv|-vh;7
‰b|_b7;mঞ=‹bm]-m7-77u;vvbm]|_;v_-u;_oѴ7;uvĽ1om1;umvĺ|bv|_;Cuv|Ѵbv|;71olr-m‹
bm"ub-mh-|o=oulv†1_-ollb‚;;ĺ$_bvollb‚;;1om7†1|v-m-mm†-Ѵ"_-u;_oѴ7;u
!;Ѵ-ঞomv ou†l|ob7;mঞ=‹v_-u;_oѴ7;u1om1;umvĺ77bঞom-ѴѴ‹ķ|_;bv-Ѵvo-h;‹
=ou†l=ou1om|-1|‰b|_v_-u;_oѴ7;uv-m7|_;-mh_-v-ruo†7_bv|ou‹o=‰;ѴѴ-‚;m7;7
v‰_;u;v_-u;_oѴ7;uv|-h;-m-1ঞˆ;uoѴ;bm;Š;u1bvbm]|_;buub]_|vĺ$_;mm†-Ѵ!;rou|
bv|u-mvѴ-|;7bm|o"bm_-Ѵ--m7|_;_-bul-mĽv-m7 Ľvl;vv-];v-u;|u-mvѴ-|;7bm|o
"bm_-Ѵ--m7$-lbѴ-v‰;ѴѴ|o=-1bѴb|-|;=†u|_;u1oll†mb1-ঞom‰b|_v_-u;_oѴ7;uvĺ
Őƕƕő C.2.2 oѴb1‹-m7l;|_o7oѴo]‹=ou1oll†mb1-ঞom‰b|_"_-u;_oѴ7;uv
o-u7-rruoˆ;7oѴb1‹omoll†mb1-ঞombvbmrѴ-1;ķbm‰_b1_|_;ruoˆbvbomv=ou Complied
1oll†mb1-ঞm]‰b|_v_-u;_oѴ7;uv-u;vr;1bC1-ѴѴ‹-77u;vv;7ĺ
ŐƕѶő C.2.3 lrѴ;l;m|-ঞomo=|_;roѴb1‹-m7l;|_o7oѴo]‹=ou1oll†mb1-ঞom‰b|_"_-u;_oѴ7;uv
$_;l;1_-mbvl|olrѴ;l;m||_;v-b7oѴb1‹omoll†mb1-ঞombv1Ѵ;-uѴ‹v|-|;7†m7;u Complied
|_;ľoѴb1‹lrѴ;l;m|-ঞom;1_-mbvlĿbm|_;v-b7oѴb1‹ķvr;ѴѴbm]o†||_;u;vromvb0bѴbঞ;v
o=7b@;u;m|oL1;uvņ1-|;]oub;vo=oL1;uvķ‰b|_u;]-u7|o1oll†mb1-ঞom‰b|_7b@;u;m|
1-|;]oub;vo=v|-h;_oѴ7;uvĺ
ŐƕƖő ĺƑĺƓş om|-1|r;uvombmu;Ѵ-ঞom|o"_-u;_oѴ7;ul-‚;uv
C.2.6 $_;olr-m‹v_o†Ѵ77bv1Ѵov;|_;1om|-1|r;uvomouv†1_1oll†mb1-ঞom
"_-u;_oѴ7;uv_-ˆ;0;;m7†Ѵ‹moঞC;7|_-|-m‹1oll†mb1-ঞomņ1ouu;vrom7;m1;‰b|_ Complied
|_;-mhv_o†Ѵ70;|_uo†]_|_;olr-m‹";1u;|-u‹ķ|_o†]_|_;‹-u;-|Ѵb0;u|‹;ˆ;m
|o1oll†mb1-|;7bu;1|Ѵ‹‰b|_-m‹o=|_;o-u7;l0;uvĺ$_;1om|-1|m†l0;uvo=|_;
olr-m‹";1u;|-u‹bvruoˆb7;7bm|_;mm†-Ѵ!;rou|ommm;u-1hoˆ;uĺ

77bঞom-ѴѴ‹ķv_-u;_oѴ7;uvl-‹ķ-|-m‹ঞl;ķ7bu;1|t†;vঞomv|o-m7u;t†;v|=our†0Ѵb1Ѵ‹
-ˆ-bѴ-0Ѵ;bm=oul-ঞom=uol|_; bu;1|ouvoul-m-];l;m|o=|_;-mhĺ$_;‹l-‹-Ѵvo
ruoˆb7;|_;bu1oll;m|v-m7v†]];vঞomv|o|_; bu;1|ouvou-m-];l;m||_uo†]_|_;
olr-m‹";1u;|-u‹ĺ
ŐѶƏő C.2.5 uo1;vv|ol-h;-ѴѴ bu;1|ouv-‰-u;o=l-foubvv†;v-m71om1;umvo="_-u;_oѴ7;uv
$_;olr-m‹";1u;|-u‹l-bm|-bmv-u;1ou7o=-ѴѴ1ouu;vrom7;m1;u;1;bˆ;7-m77bu;1|v-v Complied
voom-vru-1ঞ1-0Ѵ;v†1_1ouu;vrom7;m1;|o|_;o-u7"_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;
-vr;ub|v$;ulvo=!;=;u;m1;ķ|obm7bˆb7†-Ѵ bu;1|ouvou|_;u;Ѵ;ˆ-m|oL1;uv-v-rrѴb1-0Ѵ;ĺ
$_;u;vromv;v=ouv†1_1ouu;vrom7;m1;-u;7†Ѵ‹1oll†mb1-|;7|o|_;v_-u;_oѴ7;uv0‹|_;
olr-m‹";1u;|-u‹ķ‰_;u;ˆ;um;1;vv-u‹-m7ņouu;Ѵ;ˆ-m|ĺ

146 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐѶƐő C.2.7 uo1;vvo=u;vrom7bm]|o"_-u;_oѴ7;ul-‚;uv

vv|-|;7bmĺƑĺƔĺ Complied
C.3 ! $!$!"$"
bv1Ѵov†u;v|ov_-u;_oѴ7;uvm|;ulvo=|_;olr-mb;v1|-m7!;]†Ѵ-ঞomvbvv†;7†m7;u
|_;";1†ubঞ;v-m7Š1_-m];ollbvvbomo="ub-mh-1|ĺ
ŐѶƑő ĺƒĺƐş bv1Ѵov†u;o=l-fou|u-mv-1ঞomv
C.3.2
-mhĽvruo1;7†u;om ;-Ѵbm]‰b|_!;Ѵ-|;7-u|‹$u-mv-1ঞomvruoˆb7;v=oul-m7-|ou‹ Complied
r†0Ѵb17bv1Ѵov†u;o=-m‹l-fou!;Ѵ-|;7-u|‹$u-mv-1ঞomou-v;ub;vo=v†1_|u-mv-1ঞomv
|_;-mhbv-0o†||o;m]-];bmķo=‰_b1_|_;ˆ-Ѵ†;bv]u;-|;u|_-mm;$_bu7o=|_;
-vv;|vo=|_;-mhķu;t†bubm]|_;-rruoˆ-Ѵo=|_;v_-u;_oѴ7;uv0‹-mu7bm-u‹!;voѴ†ঞom
|_;u;=ou;ĺ

†u|_;uķbm|;ulvo=";1ঞomƐѶƔbm|;ulvo=|_;olr-mb;v1|ķ-m‹l-fou|u-mv-1ঞom
ruorov;7|o0;;m|;u;7bm|o0‹|_;-mh|oou;t†bu;v-rruoˆ-Ѵo=|_;v_-u;_oѴ7;uv0‹
ˆbu|†;o=-vr;1b-Ѵu;voѴ†ঞomķ‰_;m|_;7†;moঞ1;|o|_;r†0Ѵb1‰o†Ѵ70;]bˆ;m|_uo†]_
l-uh;|-mmo†m1;l;m|vĺ

†ubm]|_;‹;-u†m7;uu;ˆb;‰ķ|_;-mh7b7mo|;m]-];bmou1ollb|-m‹ľ-fou
$u-mv-1ঞomĿ‰_b1_l-|;ub-ѴѴ‹-@;1|;7|_;-mhĽvm;|-vv;|0-v;ķ‰-uu-mঞm]m;b|_;uv†1_
7bv1Ѵov†u;mouv†1_-rruoˆ-Ѵ0‹|_;v_-u;_oѴ7;uvĺ
&$$+ & $
ŐѶƒő ĺƐ  &"""!!$Ő$&!!$ő
0-Ѵ-m1;7-m7-m†m7;uv|-m7-0Ѵ;-vv;vvl;m|o=|_;olr-m‹ĽvCm-m1b-Ѵrovbঞomķ
r;u=oul-m1;ķ0†vbm;vvlo7;Ѵ]oˆ;um-m1;v|u†1|†u;ķubvhl-m-];l;m|ķbm|;um-Ѵ1om|uoѴv
-m71_-ѴѴ;m];vķorrou|†mbঞ;v-m7ruovr;1|†v|o0;ru;v;m|;7ĺ
$_;-mhŝvrovbঞom-m7ruovr;1|v_-ˆ;0;;m7bv1†vv;7bm7;|-bѴbm|_;=oѴѴo‰bm]v;1ঞomv Complied
o=|_bvmm†-Ѵ!;rou|ĺ

y_-bul-mĽv;vv-];bv]bˆ;momr-];vƒƏ|oƒƒĺ
y-m-]bm] bu;1|ouĽv!;ˆb;‰bv]bˆ;momr-];vƒƓ|oƒƕĺ
y-m-];l;m| bv1†vvbom-m7m-Ѵ‹vbv-u;]bˆ;momr-];vƓƖ|oƐƐƓĺ
ŐѶƓő ĺƐĺƐ o-u7Ľvu;vromvb0bѴb|‹bm bm-m1b-Ѵ!;rouঞm]
|u†;-m7=-buķ0-Ѵ-m1;7-m7†m7;uv|-m7-0Ѵ; bm-m1b-Ѵ"|-|;l;m|vru;r-u;7bm-11ou7-m1; Complied
‰b|_|_;u;Ѵ;ˆ-m|Ѵ-‰v-m7u;]†Ѵ-ঞomv-u;]bˆ;momr-];vƑƏѵ|oƒƔѵbm|_bvmm†-Ѵ
!;rou|ĺ

SAMPATH SIMPLIFIED 147

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐѶƔő ĺƐĺƑ m|;ublu;rou|vķrub1;Ŋv;mvbঞˆ;r†0Ѵb1u;rou|vķu;]†Ѵ-|ou‹u;rou|v-m7v|-|†|ou‹

bm=oul-ঞomu;t†bu;l;m|v
m|;ublu;rou|v‰;u;r†0Ѵbv_;7‰b|_bmƓƔ7-‹vo=;-1_t†-u|;u;m7‰_b1_bm1Ѵ†7;7 Complied
bm=oul-ঞom|o-vvbv|v_-u;_oѴ7;uv]-bm-m†m7;uv|-m7bm]o=|_;v|-|;o=-@-buvo=|_;-mhĺ
ub1;v;mvbঞˆ;bm=oul-ঞom_-v0;;mu;]†Ѵ-uѴ‹7bv1Ѵov;7bm-ru;1bv;l-mm;u|o|_;
oѴol0o"|o1hŠ1_-m];om-ঞl;Ѵ‹0-vbvĺ

;‹-uh;| bv1Ѵov†u;vl-7;omub1;";mvbঞˆ;m=oul-ঞom7†ubm]|_;‹;-u†m7;u
u;ˆb;‰ĺ
y-‹l;m|o="1ubr bˆb7;m7=ou|_;‹;-uƑƏƐƕomƐѵ|_ ;0u†-u‹ƑƏƐѶĺ
ymmo†m1;l;m|o=|_;7-|;vu;vr;1ঞˆ;Ѵ‹omƐv| ;0u†-u‹ƑƏƐѶķѶ|_ ;0u†-u‹ƑƏƐѶo=
|_; ;0;m|†u;-m7!b]_|vvv†;vƑƏƐѶĺ
y ;-Ѵbm]vo=v_-u;v0‹|_; bu;1|ouvu;vr;1ঞˆ;Ѵ‹omƑƓ|_rubѴƑƏƐѶķƑƔ|_1|o0;u
ƑƏƐѶķƐƕ|_ ;1;l0;uƑƏƐѶĺ
yrrobm|l;m|o=-;‰ bu;1|ouomƐƑ|_oˆ;l0;uƑƏƐѶĺ
!;rou|vu;t†bu;70‹|_;u;]†Ѵ-|ouvbm1Ѵ†7bm];m|u-Ѵ-mho="ub-mh-ķ ;r-u|l;m|o= Complied
mѴ-m7!;ˆ;m†;ķ!;]bv|u-uo=olr-mb;v-m7oѴol0o"|o1hŠ1_-m];‰;u;-ѴѴCѴ;7
bm-ঞl;Ѵ‹l-mm;ubm1olrѴb-m1;‰b|_|_;u;Ѵ;ˆ-m|v|-|†|ou‹u;t†bu;l;m|v-m7|_;v;
ruoˆb7;7v†L1b;m|bm=oul-ঞom=ou|_;†v;u|oo0|-bm-0-Ѵ-m1;7-vv;vvl;m|o=|_;-mhªv
or;u-ঞomvĺ
ŐѶѵő ĺƐĺƒ ;1Ѵ-u-ঞoml-7;0‹|_;-m-]bm] bu;1|ou-m7_b;= bm-m1b-ѴL1;ubml-bm|-bmbm]
-11†u-|;Cm-m1b-Ѵu;1ou7vbm1olrѴb-m1;‰b|_|_;-rruorub-|;-11o†mঞm]v|-m7-u7v
-m-]bm] bu;1|ouĽv-m7uo†r_b;= bm-m1b-ѴL1;uĽv!;vromvb0bѴb|‹"|-|;l;m|bv]bˆ;m Complied
omr-];ƑƏƏo=|_bvmm†-Ѵ!;rou|ĺ
ŐѶƕő ĺƐĺƓ ;1Ѵ-u-ঞombmmm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo=|_;olr-m‹
$_;mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo=|_;olr-m‹omr-];vƐѶƕ Complied
|oƐƖѵ1om|-bmv|_;7;1Ѵ-u-ঞomv-vu;t†bu;70‹|_;o7;ĺ
ŐѶѶő ĺƐĺƔ !;vromvb0bѴbঞ;vo=|_;o-u7=ou|_;ru;r-u-ঞom-m7ru;v;m|-ঞomo= bm-m1b-Ѵ
"|-|;l;m|v-m7"|-|;l;m|0‹|_;†7b|ouv-0o†||_;buu;rouঞm]u;vromvb0bѴbঞ;v
$_;"|-|;l;m|o= bu;1|ouvĽ!;vromvb0bѴb|‹=ou bm-m1b-Ѵ!;rouঞm]-m7!;rou|o=|_; Complied
†7b|ouv‰_b1_bm1Ѵ†7;v-v|-|;l;m|-0o†||_;buu;rouঞm]u;vromvb0bѴbঞ;v-u;ruoˆb7;7om
r-];vƑƏƐşƑƏƑķ-m7ƑƏƒ|oƑƏƔu;vr;1ঞˆ;Ѵ‹ĺ
ŐѶƖő ĺƐĺѵ m1Ѵ†vbomo=--m-];l;m| bv1†vvbomşm-Ѵ‹vbv
$_;-m-];l;m| bv1†vvbom-m7m-Ѵ‹vbv1om|-bm;7bmr-];vƓƖ|oƐƐƓ1oˆ;uv|_; Complied
bm=oul-ঞomvr;1bC;7bm|_;o7;‰_b1_bm1Ѵ†7;|_;=oѴѴo‰bm]Ĺ

y †vbm;vvlo7;Ѵ
y m7†v|u‹v|u†1|†u;-m77;ˆ;Ѵorl;m|v
y rrou|†mbঞ;v-m7|_u;-|v
y !bvh-m-];l;m|
y m|;um-Ѵom|uoѴ"‹v|;lv-m7|_;bu-7;t†-1‹
y oˆ;um-m1;
y "o1b-Ѵ-m7;mˆbuoml;m|-Ѵruo|;1ঞom-1ঞˆbঞ;v1-uub;7o†|0‹|_;olr-m‹
y bm-m1b-Ѵr;u=oul-m1;
y -|;ub-Ѵ7;ˆ;Ѵorl;m|vbm†l-m!;vo†u1;vķm7†v|ub-Ѵ!;Ѵ-ঞomv-m7ruovr;1|v=ou|_;
=†|†u;ĺ

148 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƖƏő ĺƐĺƕ oঞ=‹"_-u;_oѴ7;uvbm1-v;;|vv;|vo=|_;-mh=-ѴѴbm]0;Ѵo‰ƔƏѷ

$_bvvb|†-ঞom7b7mo|-ubv;7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺo‰;ˆ;uķ_-7|_;m;;7-ubv;m Complied
|_;-mh‰o†Ѵ7_-ˆ;7†Ѵ‹moঞC;7|_;v_-u;_oѴ7;uvbmѴbm;‰b|_-rrѴb1-0Ѵ;Ѵ-‰vĺ
ŐƖƐő ĺƐĺѶ !;Ѵ-|;7-u|‹$u-mv-1ঞomv
$_;u;bv-m-rruoˆ;77o1†l;m|;7ruo1;vvruoˆb7bm]=oub7;mঞ=‹bm]-m77;-Ѵbm]‰b|_ Complied
!;Ѵ-|;7-u|‹$u-mv-1ঞomvķb7;mঞ=‹bm]u;Ѵ-|;7r-uঞ;v-m7v†1_|u-mv-1ঞomv-m7|_;
l;1_-mbvl|o;mv†u;|_-|mo=-ˆo†u-0Ѵ;|u;-|l;m|bv]u-m|;7|ov-b7r-uঞ;vbmou7;u
|oru;ˆ;m||_;-mh=uol]u-mঞm]=-ˆo†u-0Ѵ;|u;-|l;m||o!;Ѵ-|;7-uঞ;vĺ †u|_;uķ|o
ru;ˆ;m|-m‹1omYb1|o=bm|;u;v|bm|_bvu;]-u7ķ-o-u7-rruoˆ;7oѴb1‹om-m-]bm]
omYb1|vo=m|;u;v|bvbmrѴ-1;ķm;@;1ঞˆ;-m71olru;_;mvbˆ;v‹v|;lo=m|;um-Ѵom|uoѴ
=oub7;mঞ=‹bm]ķu;1ou7bm]-m77bv1Ѵovbm]u;Ѵ-|;7r-u|‹|u-mv-1ঞomv|oobvbmrѴ-1;ĺu;1ou7
o=|_;v;|u-mv-1ঞomvbvl-bm|-bm;7bm|_;";1u;|-ub-|o=|_;-mh-m7bv7bv1Ѵov;7-v
u;t†bu;7ĺ

m-77bঞomķ-7bu;1ঞˆ;_-v0;;mbvv†;7;ŠrѴ-bmbm]|_;ruo1;7†u;|o0;=oѴѴo‰;7bm]u-mঞm]
-11ollo7-ঞom|o bu;1|ouvou|o1Ѵov;u;Ѵ-ঞomvo= bu;1|ouvķou|o1om1;umvbm‰_b1_
bu;1|ouvl-‹_-ˆ;v†0v|-mঞ-Ѵbm|;u;v|ĺ

bu;1|ouv-m7vv†0lb|7;1Ѵ-u-ঞomv7;1Ѵ-ubm]|_;bu|u-mv-1ঞomv‰b|_|_;-mh-m7|_;
uo†rom-t†-u|;uѴ‹-m7-mm†-Ѵ0-vbvĺ

ѴѴ!;Ѵ-|;7-u|‹$u-mv-1ঞomv-v7;Cm;7bm"ub-mh-11o†mঞm]"|-m7-u7vŊ"ƑƓ
Ő!;Ѵ-|;7-u|‹$u-mv-1ঞomvő-u;7bv1Ѵov;7bmo|;oĺƓƕ|o|_; bm-m1b-Ѵ"|-|;l;m|vom
r-];vƒƏѶ|oƒƐƑĺ
ĺƑ !"$ $!$!
ŐƖƑő ĺƑĺƐ o-u7Ľvu;vromvb0bѴb|‹|olomb|ou|_;olr-m‹Ľv!bvh-m-];l;m|-m7m|;um-Ѵom|uoѴ
"‹v|;l
$_;o-u7o= bu;1|ouvbvu;vromvb0Ѵ;=ou|_;-7;t†-1‹-m7;@;1ঞˆ;m;vvo=|_;bm|;um-Ѵ Complied
1om|uoѴl;1_-mbvlbmrѴ-1;-||_;-mhĺm1omvb7;ubm]v†1_-7;t†-1‹-m7;@;1ঞˆ;m;vvķ
|_;o-u7u;1o]mbv;v|_-||_;0†vbm;vvo=0-mhbm]u;t†bu;vu;‰-u7|o0;0-Ѵ-m1;7‰b|_ubvh
om-l-m-];70-vbv-m7-vv†1_|_;bm|;um-Ѵ1om|uoѴv‹v|;lv-u;rubl-ubѴ‹7;vb]m;7‰b|_
-ˆb;‰|o_b]_Ѵb]_|-m‹7;ˆb-ঞomv=uol|_;Ѵblb|v-m7bm7b1-|ouv‰_b1_1olrubv;|_;ubvh
-rr;ঞ|;o=|_;-mhĺ
ŐƖƒő ĺƑĺƑ omCul-ঞom0‹|_; bu;1|ouvom1-uu‹bm]o†|-uo0†v|-vv;vvl;m|o=|_;rubm1brѴ;ubvhv
=-1;70‹|_;-mh
$_;o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;bvu;vromvb0Ѵ;=ou-vv;vvbm]-ѴѴubvhv Complied
bm1Ѵ†7bm]1u;7b|ķl-uh;|ķѴbt†b7b|‹ķor;u-ঞom-Ѵ-m7v|u-|;]b1ubvhv|o|_;-mhom-u;]†Ѵ-u
0-vbv|_uo†]_-rruorub-|;ubvhbm7b1-|ouv-m7l-m-];l;m|bm=oul-ঞom-m7bm|_;bmv|-m1;
o=v†0vb7b-u‹1olr-mb;vķom-mh-m7uo†r0-vbvĺo-u7m|;]u-|;7!bvh-m-];l;m|
ollb‚;;!;rou|bv]bˆ;momr-];vƐѶƑşƐѶƒĺ
ŐƖƓő ĺƑĺƒ ;;7=ou-mm|;um-Ѵ†7b|=†m1ঞom
$_;-mh_-v;v|-0Ѵbv_;7-mm|;um-Ѵ†7b|=†m1ঞom_;-7;70‹|_;_b;=m|;um-Ѵ†7b|ou Complied
‰_obvbm7;r;m7;m|-m7u;rou|v7bu;1|Ѵ‹|o|_;o-u7†7b|ollb‚;;ĺ$_;o-u7†7b|
ollb‚;;;Š;u1bv;voˆ;uvb]_|oˆ;uv-l;ĺ

$_;o-u7†7b|ollb‚;;u;ˆb;‰v|_;m|;um-Ѵ†7b|=†m1ঞom-|u;]†Ѵ-ubm|;uˆ-Ѵvĺ

SAMPATH SIMPLIFIED 149

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƖƔő ĺƑĺƓ !;ˆb;‰o=|_;ruo1;vv-m7;@;1ঞˆ;m;vvo=ubvhl-m-];l;m|-m7bm|;um-Ѵ1om|uoѴ0‹|_;

†7b|ollb‚;;
$_;o-u7bvu;vromvb0Ѵ;=ou=oul†Ѵ-ঞm]-m7blrѴ;l;mঞm]-rruorub-|;-m7-7;t†-|; Complied
m|;um-Ѵom|uoѴ"‹v|;lvĺ$_;o-u7†7b|ollb‚;;_-vu;vromvb0bѴb|‹|o|_;o-u7
|o;mv†u;|_-||_;v‹v|;lo=m|;um-Ѵom|uoѴv-u;v†L1b;m|-m7;@;1ঞˆ;ĺo-u7†7b|
ollb‚;;-Ѵvor;ubo7b1-ѴѴ‹-vv;vv;v|_;;@;1ঞˆ;m;vvo=|_;-mhŝv!bvh-m-];l;m|
=†m1ঞomv-m7b7;mঞC;v|_;-u;-vm;;7bm]blruoˆ;l;m|ĺ
ŐƖѵő ĺƑĺƔ $_;"|-|;l;m|o=m|;um-Ѵom|uoѴ
bu;1|ouvĽ"|-|;l;m|omm|;um-Ѵom|uoѴoˆ;u bm-m1b-Ѵ!;rouঞm]bv]bˆ;momr-];vƐƖƕş Complied
ƐƖѶĺ
ĺƒ & $$$Ő|_;ollb‚;;ő
ŐƖƕő ĺƒ ! & $$$
uu-m];l;m|v=ouv;Ѵ;1ঞom-m7-rrѴb1-ঞomo=11o†mঞm]oѴb1b;vķ bm-m1b-Ѵ!;rouঞm]
-m7m|;um-Ѵom|uoѴubm1brѴ;v
$_;-mh_-v;v|-0Ѵbv_;7b|vo-u7†7b|ollb‚;;bmh;;rbm]‰b|_ru-1ঞ1;vo=]oo7 Complied
]oˆ;um-m1;vbm1;ƐƖƖƕĺ$_;rubm1br-Ѵu;vromvb0bѴbঞ;vo=|_;o-u7†7b|ollb‚;;
bm1Ѵ†7;oˆ;uvb]_|oˆ;u bm-m1b-Ѵ!;rouঞm]ķm|;um-Ѵom|uoѴv-m7lomb|oubm]†7b|ou
m7;r;m7;m1;ĺ|v7†ঞ;vbm1Ѵ†7;]-bmbm]-vv†u-m1;om1om|uoѴoˆ;uCm-m1b-Ѵruo1;vv;vķ
bm|;]ub|‹o=|_;-mhĽvCm-m1b-Ѵu;rou|vķlomb|oubm]r;u=oul-m1;ķo0f;1ঞˆb|‹-m7
bm7;r;m7;m1;o=|_;Š|;um-Ѵ†7b|ouv-m7u;ˆb;‰bm]‰ouho=|_;bm|;um-Ѵ†7b|=†m1ঞomĺ
$_;o-u7†7b|ollb‚;;!;rou|bv]bˆ;momr-];vƐƕѵ|oƐƕѶbm|_;mm†-Ѵ!;rou|ĺ
ŐƖѶő ĺƒĺƐ olrovbঞomo=|_;o-u7†7b|ollb‚;;
$_;o-u7†7b|ollb‚;;1olrubv;vo==o†uomŊŠ;1†ঞˆ; bu;1|ouv-m7bv1_-bu;7 Complied
0‹-mm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ou‰_o_-v1†uu;m|-m7u;Ѵ;ˆ-m|;Šr;ub;m1;bm
Cm-m1b-Ѵu;rouঞm]-m71om|uoѴĺ&mঞѴƐƑ|_oˆ;l0;uƑƏƐѶķ-ѴѴl;l0;uvo=|_;o-u7
†7b|ollb‚;;‰;u;m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv-m7‰b|_;@;1|=uolƐƒ|_
oˆ;l0;uƑƏƐѶķl-foub|‹o=|_;ollb‚;;l;l0;uv-u;m7;r;m7;m|omŊŠ;1†ঞˆ;
bu;1|ouvĺ;l0;uv-u;v;Ѵ;1|;7|oruoˆb7;-0uo-7v;|o=Cm-m1b-Ѵķ1oll;u1b-Ѵ-m7o|_;u
u;Ѵ;ˆ-m|;Šr;ub;m1;|ol;;||_;ollb‚;;Ľvo0f;1ঞˆ;vĺ$_; ķuo†r_b;= bm-m1b-Ѵ
L1;uķ_b;=m|;um-Ѵ†7b|ouou_b;=-m-];uŊ"‹v|;lv†7b|-m7u;ru;v;m|-ঞˆ;vo=|_;
Š|;um-Ѵ†7b|ouv-u;bmˆb|;7|o-‚;m7|_;l;;ঞm]vĺ$_;o-u7†7b|ollb‚;;_-v-m
;Š|;um-Ѵ1omv†Ѵ|-m||o-7ˆb1;|_;ollb‚;;ķ‰_o-‚;m7v|_;l;;ঞm]vombmˆb|-ঞomĺ
ŐƖƖő ĺƒĺƑ $;ulvo=!;=;u;m1;
$_;$;ulvo=!;=;u;m1;o=|_;o-u7†7b|ollb‚;;1olrѴb;v‰b|_|_;o7;o=;v| Complied
u-1ঞ1;omourou-|;oˆ;um-m1;bvv†;70‹|_;"ĺ$;ulvo=!;=;u;m1;-Ѵvo1olrѴb;v
‰b|_|_;-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7
oll;u1b-Ѵ-mhvbvv†;70‹"-m7u;Ѵ;ˆ-m|oѴol0o"|o1hŠ1_-m];!;]†Ѵ-ঞomvĺ$_bv
7o1†l;m|bv-ˆ-bѴ-0Ѵ;‰b|_|_;olr-m‹";1u;|-u‹ĺ

o-u7-rruoˆ;7†7b|ollb‚;;_-u|;u-m7-uo†rm|;um-Ѵ†7b|1ঞˆb|‹_-u|;u
-u;bmrѴ-1;ĺ

150 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƐƏƏő !;ˆb;‰o=Š|;um-Ѵ†7b|=†m1ঞom-m7u;Ѵ-ঞomv_br‰b|_Š|;um-Ѵ†7b|ouv

$_;o-u7†7b|ollb‚;;_-v-h;‹oˆ;uvb]_|uoѴ;bmu;Ѵ-ঞom|o|_;Š|;um-Ѵ†7b|ouv Complied
;vvuvĺumv|ş+o†m]ķ‰_ov;rubl-u‹u;Ѵ-ঞomv_brbv‰b|_|_;ollb‚;;ĺ$_;-mhĽv
†7b|oum7;r;m7;m1;oѴb1‹;mv†u;v|_-||_;bm7;r;m7;m1;-m7o0f;1ঞˆb|‹o=|_;
Š|;um-Ѵ†7b|ouv-u;mo|blr-bu;7ĺ$_;o-u7†7b|ollb‚;;_-vu;vromvb0bѴb|‹=ou
u;1oll;m7bm]|o|_;o-u7ķ|_;-rrobm|l;m|ņu;Ŋ-rrobm|l;m|o=|_;Š|;um-Ѵ†7b|ouv
-m7u;ˆb;‰bm]|_;m-|†u;ķv1or;-m7u;v†Ѵ|vo=|_;-mm†-ѴŠ|;um-Ѵ†7b|ĺ$_;-†7b|=;;bv
7;|;ulbm;70‹|_;o-u7†7b|ollb‚;;‰_b1_-Ѵvo-vv;vv;v|_;;@;1ঞˆ;m;vv-m7|_;
bm7;r;m7;m1;o=|_;Š|;um-Ѵ†7b|ouvĺ
ŐƐƏƐő ĺƒĺƒ bv1Ѵov†u;v
$_;mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo=|_;olr-m‹]bˆ;momr-];v Complied
ƐѶƕ|oƐƖѵruoˆb7;v|_;=oѴѴo‰bm]7bv1Ѵov†u;vĹ

y$_;1olrovbঞomo=|_;o-u7†7b|ollb‚;;

yv|-|;l;m|u;]-u7bm]|_;bm7;r;m7;m1;o=|_;m|;um-Ѵ†7b| †m1ঞom

$_;o-u7†7b|ollb‚;;!;rou|]bˆ;momr-];vƐƕѵ|oƐƕѶbm1Ѵ†7;vķ|_;=oѴѴo‰bm]
Complied
bm=oul-ঞomĹ

y$_;m-l;vo=|_;l;l0;uvo=|_;o-u7†7b|ollb‚;;

y$_;m†l0;uo=l;;ঞm]v_;Ѵ7-m7|_;l;l0;uvĽ-‚;m7-m1;Őr-];ƐƑѵő

y$_;v1or;-m7_o‰b|vu;vromvb0bѴbঞ;v-u;7bv1_-u];7
ĺƓ !$ !$+$!"$!()$$Ő|_;ollb‚;;ő
$_;o-u7_-v;v|-0Ѵbv_;7|_;o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;bm
1olrѴb-m1;‰b|_|_;bvঞm]!†Ѵ;vbvv†;70‹|_;oѴol0o"|o1hŠ1_-m];
ŐƐƏƑő ĺƓĺƐ $_;-mhb7;mঞC;vľ!;Ѵ-|;7-uঞ;vĿ-m7ľ!;Ѵ-|;7-u|‹$u-mv-1ঞomvĿ-v7;Cm;7bm" Complied
ƑƓ-v‰;ѴѴ-vbm-0uo-7;ur;uvr;1ঞˆ;ķ-vr;u|_;-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕ
bvv†;70‹"ĺ
ŐƐƏƒő ĺƓĺƑ olrovbঞomo=|_;o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞom!;ˆb;‰ollb‚;;
$_;o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞom!;ˆb;‰ollb‚;;‰_b1_‰-v;v|-0Ѵbv_;7omƒƏ|_ Complied
†Ѵ‹ƑƏƐƔ1olrubv;v|_u;;m7;r;m7;m| bu;1|ouv-m7om;omm7;r;m7;m|ķom
Š;1†ঞˆ; bu;1|ouĺ

_-bur;uvomo=|_;ollb‚;;|oobv-mm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouķ‰_o‰-v

-rrobm|;70‹|_;o-u7ĺ
ŐƐƏƓő ĺƓĺƒ †ঞ;vo=|_;o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;Ő|_;ollb‚;;ő
$_;o-u7-rruoˆ;7‰ub‚;m$;ulvo=!;=;u;m1;o=|_;ollb‚;;-u;l-bmѴ‹0-v;7om|_; Complied
o7;-m7|_;omঞm†bm]bvঞm]!†Ѵ;v-m7b|vuoѴ;-m7u;vromvb0bѴbঞ;v-u;]bˆ;momr-];ƐѶƓĺ

 bu;1ঞˆ;_-v0;;mbvv†;7=ou-mhŊ‰b7;blrѴ;l;m|-ঞomķ7bvv;lbm-ঞm]bmv|u†1ঞomv‰b|_
u;]-u7|oom|_;7;Cmbঞomo=!;Ѵ-|;7-uঞ;vķ|_;ruo1;7†u;=ou7;-Ѵbm]‰b|_!;Ѵ-|;7-u|‹
$u-mv-1ঞomvķu;rouঞm]ķ-rruoˆ-Ѵķ7bv1Ѵov†u;-m7u;ˆb;‰bm]u;t†bu;l;m|v-m7u;vromvb0bѴbঞ;v
=ou1olrѴb-m1;ĺ

ѴѴ;‹-m-];l;m|;uvomm;Ѵo=|_;-mh-m7 bu;1|ouvv†0lb|- bv1Ѵov†u;ņ ;1Ѵ-u-ঞom

‰b|_u;]-u7|o|_;buu;vr;1ঞˆ;|u-mv-1ঞomv‰b|_!;Ѵ-|;7-uঞ;vo=|_;-mh-vr;u"ƑƓ
-||_;;m7o=;-1_t†-u|;uĺ

SAMPATH SIMPLIFIED 151

CORPORATE GOVERNANCE

GRIƐƏƑŊƑѵ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ĺƔ   &""" &$ $"

ŐƐƏƔő ĺƔĺƐ o7;o=†vbm;vvom7†1|-m7|_b1v=ou bu;1|ouv-m7"|-@
o7;o=om7†1|-m7oˆ;um-m1;!;t†bu;l;m|vķ=ou bu;1|ouvķo7;o=om7†1|=ou;‹ Complied
-m-];l;m|;uvomm;Ѵ-m7o7;o=om7†1|=ouo|_;u;lrѴo‹;;v-v‰;ѴѴ-v-o-u7
-rruoˆ;7oѴb1‹om-m-]bm]omYb1|o=m|;u;v|-m7|_;o-u7-rruoˆ;7)_bv|Ѵ;Ѵo‰bm]
oѴb1‹-u;bmrѴ-1;ĺ$_;v-b77o1†l;m|v1oˆ;u0ub0;u‹-m71ouu†rঞomķ;m|;u|-bml;m|-m7
]b[vķ|u-mvr-u;m|ruo1†u;l;m|ru-1ঞ1;vķ1omC7;mঞ-Ѵb|‹ķ=-bu7;-Ѵbm]-m7;m1o†u-]bm]
u;rouঞm]o=†m;|_b1-Ѵņ=u-†7†Ѵ;m|ru-1ঞ1;v-m7ņou0;_-ˆbo†uĺ
ŐƐƏѵő ĺƔĺƑ mv†u;|_-|l-|;ub-Ѵ-m7rub1;v;mvbঞˆ;bm=oul-ঞom-u;ruolr|Ѵ‹b7;mঞC;7-m7
u;rou|;7ĺ
ruo1;vvbvbmrѴ-1;=ou|_;ruolr|7bv1Ѵov†u;o=rub1;v;mvbঞˆ;-m7l-|;ub-Ѵbm=oul-ঞom Complied
0‹|_;olr-m‹";1u;|-u‹bm|;ulvo=|_;u;]†Ѵ-|ou‹u;t†bu;l;m|vĺvr;u|_;o-u7
-rruoˆ;7oѴb1‹omoll†mb1-ঞomķ|_;u;vromvb0bѴb|‹o=l-hbm]l-uh;|-mmo†m1;l;m|vo=
rub1;v;mvbঞˆ;bm=oul-ঞomѴb;v‰b|_|_;olr-m‹";1u;|-u‹ĺ

ŐƐƏƕő ĺƔĺƒ oѴb1‹-m7ruo1;vv=oulomb|oubm]-m77bv1Ѵov†u;o=v_-u;r†u1_-v;

$_; bu;1|ouvķv-m7o|_;u;lrѴo‹;;vo=|_;-mh;m]-];7bmCm-m1b-Ѵu;rouঞm]_-ˆ;
0;;m7bu;1|;7|obm=oul-m77bv1Ѵov;|o|_;olr-m‹";1u;|-u‹o=-m‹r†u1_-v;v0‹|_;l
o=v_-u;vo=|_;-mh‰b|_bmƏƔl-uh;|7-‹vbm|_;oѴol0o"|o1hŠ1_-m];Ő"ő-vr;u
";1ঞomƕĺѶŐ1őo=|_;"bvঞm]!†Ѵ;vĺ †u|_;u7-bѴ‹v_-u;|u-mv-1ঞomv-u;lomb|ou;70‹
|_;olr-m‹";1u;|-u‹ĺ

;-Ѵbm]vo=v_-u;v0‹|_; bu;1|ouvu;vr;1ঞˆ;Ѵ‹omƑƓ|_rubѴƑƏƐѶķƑƔ|_1|o0;uƑƏƐѶķ Complied

Ɛƕ|_ ;1;l0;uƑƏƐѶ‰;u;7†Ѵ‹7bv1Ѵov;7bm1olrѴb-m1;‰b|_";1ঞomƕĺѶŐ1őo=|_;"
bvঞm]!†Ѵ;vĺ
ŐƐƏѶő ĺƔĺƓ _-bul-mĽv-Lul-ঞombm|_;-mhĽvmm†-Ѵ!;rou|‰b|_u;]-u7|obm|uo7†1ঞomo=-
-mhŊ‰b7;o7;o=om7†1|-m7|_b1vķ|_;v|-|†vo=1olrѴb-m1;‰b|_v-l;-m7_bv
-‰-u;m;vvo=-m‹ˆboѴ-ঞomv|_;u;o=ĺ
_-bul-mĽv-Lul-ঞomomourou-|;oˆ;um-m1;bv]bˆ;momr-];ƐƑƒo=|_bvmm†-Ѵ Complied
Report
ĺѵ !!$(! ""&!"

$_;ourou-|;oˆ;um-m1;!;rou|]bˆ;momr-];vƐƑƒ|oƐƕƔruoˆb7;vbm=oul-ঞom
u;]-u7bm]ourou-|;oˆ;um-m1;ru-1ঞ1;vbm|_;-mh‰_b1_-u;bm1olrѴb-m1;‰b|_Ĺ
ŐƐƏƖő ĺѵĺƐ y$_;o7;o=;v|u-1ঞ1;omourou-|;oˆ;um-m1;ƑƏƐƕbvv†;70‹|_;mvঞ|†|;o= Complied
_-u|;u;711o†m|-m|vo="ub-mh-
y$_;-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7
oll;u1b-Ѵ-mhvbvv†;70‹|_;"
SECTION 2 - SHAREHOLDERS
 "$$&$("$!"
ŐƐƐƏő ĺƐ "! !($ Complied
-mhĽvu;vromvb0bѴb|‹|o;m1o†u-];|_;bmvঞ|†ঞom-Ѵbmˆ;v|ouv|o†v;|_;buˆo|;

$_;-mhĽvmvঞ|†ঞom-Ѵmˆ;v|ouv-v‰;ѴѴ-vo|_;umˆ;v|ouv_-ˆ;|_uo†]_o†|;Š;u1bv;7
|_;buˆo|;v;m|_†vb-vঞ1-ѴѴ‹ķ;Šru;vvbm]|_;bu1-m7b7ru;=;u;m1;vĺ-m7-u;;m1o†u-];7|o
;Šru;vv|_;buˆb;‰v=u;;Ѵ‹ĺ$_;-mh_-v-_bv|ou‹o=-1ঞˆ;v_-u;_oѴ7;ubmˆoѴˆ;l;m|-m7
r-uঞ1br-ঞom-|];m;u-Ѵl;;ঞm]vĺ

152 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

ŐƐƐƐő ĺƐĺƐ !;]†Ѵ-uv|u†1|†u;77b-Ѵo]†;‰b|_v_-u;_oѴ7;uv

$_;-mhrub7;vb|v;Ѵ=o=0;bm]|_;omѴ‹Ѵbv|;71olr-m‹‰_b1__-v-rrobm|;7-o-u7"†0 Complied
ollb‚;;om"_-u;_oѴ7;u!;Ѵ-ঞomvķ‰b|_|_;o0f;1ঞˆ;o=l-bm|-bmbm]-voѴb7-m7=u†b†Ѵ
7b-Ѵo]†;‰b|_v_-u;_oѴ7;uvĺ

$_bvollb‚;;1omvb7;uvruorov-Ѵvv†0lb‚;70‹v_-u;_oѴ7;uv-m7_-vblrѴ;l;m|;7
v;ˆ;u-Ѵ0;m;C|v-m7rubˆbѴ;];v|ov_-u;_oѴ7;uvĺ11ou7bm]Ѵ‹ķ|_;ollb‚;;l;|ƏƑঞl;v
7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺ

m-77bঞomķ|_;-mh_oѴ7v-"_-u;_oѴ7;u ou†l-mm†-ѴѴ‹ķbll;7b-|;Ѵ‹-[;u|_;1om1Ѵ†vbom
o=|_;-mhĽvmm†-Ѵ;m;u-Ѵ;;ঞm]‰_b1_bv-Ѵvo-l†1_Ѵooh;7=ou‰-u7|o-m7‰;ѴѴ
-‚;m7;7;ˆ;m|0‹|_;v_-u;_oѴ7;uvĺ$_;_-bul-mo=|_;o-u7"_-u;_oѴ7;u!;Ѵ-ঞomv
ollb‚;;1omˆ;‹v|o|_;o-u7o= bu;1|ouvķ|_;1om1;umv-m7ruorov-Ѵv0uo†]_|
=ou‰-u70‹|_;v_-u;_oѴ7;uv-||_;v;=ou†lv-v‰;ѴѴ-v|_ov;v†0lb‚;7|o|_;o-u7
"_-u;_oѴ7;u!;Ѵ-ঞomvollb‚;;ĺ
ĺƑ (&$ (! ""&!"
ŐƐƐƑő ĺƑ m1o†u-];bmvঞ|†ঞom-Ѵbmˆ;v|ouv|o]bˆ;7†;‰;b]_||ou;Ѵ;ˆ-m|]oˆ;um-m1;
-uu-m];l;m|v
mvঞ|†ঞom-Ѵbmˆ;v|ouv-u;h;r|-rrubv;7o=|_;-mhĽv]oˆ;um-m1;ru-1ঞ1;v|_uo†]_|_; Complied
mm†-Ѵ!;rou|-m7-m‹m;‰bmbঞ-ঞˆ;v-u;_b]_Ѵb]_|;7-|];m;u-Ѵl;;ঞm]v|o;mv†u;|_-|
7†;‰;b]_|-];bv]bˆ;m|o]oo71ourou-|;]oˆ;um-m1;ĺ
F $!("$!"
ŐƐƐƒő F.1 ("$ņ ("$ "
F.1 m7bˆb7†-Ѵ"_-u;_oѴ7;uv-u;;m1o†u-];7|o7o|_;buo‰m-m-Ѵ‹vbvouv;;hbm7;r;m7;m|
-7ˆb1;
$_;mm†-Ѵ!;rou|1om|-bmvv†L1b;m|bm=oul-ঞom=ouro|;mঞ-Ѵbmˆ;v|ouv|o1-uu‹o†| Complied
|_;buo‰m-m-Ѵ‹vbvĺ$_;mm†-Ѵ!;rou|bvr†0Ѵbv_;7bm0o|_m]Ѵbv_-m7"bm_-Ѵ-|o=-1bѴb|-|;
;Š|;m7;71oll†mb1-ঞom‰b|_|_;u;|-bѴbmˆ;v|ouvĺ$_bvķ|o];|_;u‰b|_|_;bm|;ublCm-m1b-Ѵ
v|-|;l;m|vr†0Ѵbv_;7;-1_t†-u|;uķruoˆb7;v†L1b;m|bm=oul-ঞom|o;m-0Ѵ;u;|-bѴbmˆ;v|ouv
|ol-h;bm=oul;7f†7];l;m|vu;]-u7bm]|_;r;u=oul-m1;o=|_;-mhĺ

77bঞom-ѴѴ‹ķ-v;r-u-|;r-u|o=|_;-mhŝv‰;0vb|;bv7;7b1-|;7|omˆ;v|ou!;Ѵ-ঞomv‰_b1_
ruoˆb7;vu;Ѵ;ˆ-m|bm=oul-ঞomomѴbm;|o-ѴѴbmˆ;v|ouvĺ

"_-u;_oѴ7;uv1-m1om|-1||_;olr-m‹";1u;|-u‹=ou=†u|_;ubm=oul-ঞomb=u;t†bu;7ĺr-u|
=uol|_;-0oˆ;ķbu1†Ѵ-uv|o"_-u;_oѴ7;uvbvv†;7=uolঞl;|oঞl;|oorobm|o†||o|_;
v_-u;_oѴ7;uv|_;blrou|-m1;o=v;;hbm]bm7;r;m7;m|-7ˆb1;rubou|ol-hbm]-m‹r-uঞ1†Ѵ-u
bmˆ;v|l;m|ĺ
F.2 "! !($
ŐƐƐƓő F.2 m1o†u-];"_-u;_oѴ7;uv|or-uঞ1br-|;-m7ˆo|;-||_;
|bv-|u-7bঞom-||_;-mh|o;m1o†u-];u;|-bѴbmˆ;v|ouv|or-uঞ1br-|;-m7ˆo|;-|-m‹ Complied
;m;u-Ѵ;;ঞm]o=|_;-mhĺ77bঞom-ѴѴ‹ķ|_;‹-u;;m1o†u-];7|or-uঞ1br-|;bm|_;-mhĽv
-@-buv|_uo†]_v†0lbমm]ruorov-Ѵv|_uo†]_"|-h;_oѴ7;u ;;70-1h oulv-m7"_-u;_oѴ7;u
!;Ѵ-ঞom ou†lvĺ

SAMPATH SIMPLIFIED 153

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

 m|;um;|o=|_bm]v-m71‹0;uv;1†ub|‹
ŐƐƐƔő ĺƐ uo1;vv|ob7;mঞ=‹_o‰|_;;Š|;um-Ѵ$7;ˆb1;v1o†Ѵ71omm;1||o|_;ou]-mbv-ঞomĽv
m;|‰ouh
-mhŝvru;r-u;7m;vv-]-bmv|;Š|;um-Ѵ1‹0;uv;1†ub|‹|_u;-|v0;bm]voѴb1b|;70‹v;মm]†r Complied
-ƑƓņƕm=oul-ঞom";1†ub|‹omb|oubm]&mb|ĺm-77bঞomķ-mbm7;r;m7;m|m=oul-ঞom
";1†ub|‹L1;uŐ"ő‰-v-Ѵvo-rrobm|;7ĺ$_;"ķ‰_ou;rou|v7bu;1|Ѵ‹|o|_;uo†r_b;=
!bvhL1;uķbv|-vh;7‰b|_7;|;ulbmbm]|_;-mhŝvv;mvbঞˆb|‹-m7ubvh-rr;ঞ|;|o‰-u7v
1‹0;uv;1†ub|‹|_u;-|v-|-m‹]bˆ;mঞl;ĺ
ŐƐƐѵő ĺƑ rrobm|l;m|o=-_b;=m=oul-ঞom-Ѵ";1†ub|‹L1;uŐ"ő
$_;-mh_-v-rrobm|;7-mm7;r;m7;m|m=oul-ঞom";1†ub|‹L1;uŐ"őķ‰_ou;rou|v Complied
7bu;1|Ѵ‹|o|_;uo†r_b;=!bvhL1;uķ‰_obv|-vh;7‰b|_7;|;ulbmbm]|_;-mhŝv
v;mvbঞˆb|‹-m7ubvh-rr;ঞ|;|o‰-u7v1‹0;uv;1†ub|‹|_u;-|v-|-m‹]bˆ;mঞl;ĺ
ŐƐƐƕő ĺƒ ѴѴo1-ঞomo=-7;t†-|;ঞl;om|_;0o-u7l;;ঞm]-];m7-=ou7bv1†vvbomom1‹0;uubvh
l-m-];l;m|
o-u7$ollb‚;;_-v0;;m=oul;7|ou;ˆb;‰-m7u;1oll;m7|_;$v|u-|;]b1rѴ-mķ Complied
roѴb1b;vķ;Šr;m7b|†u;-m70†7];|v-m7$v;1†ub|‹u;t†bu;l;m|vo=|_;-mhĺ
ŐƐƐѶő ĺƓ m7;r;m7;m|r;ubo7b1u;ˆb;‰om|_;;@;1ঞˆ;m;vvo=|_;1‹0;uv;1†ub|‹ubvhl-m-];l;m|
-m7|_;v1or;-m7|_;=u;t†;m1‹o=|_;u;ˆb;‰
mŠ|;um-Ѵr-u|‹_-v0;;m;m]-];7|o|;v||_;ˆ†Ѵm;u-0bѴbঞ;vbm|_;v‹v|;lom-u;]†Ѵ-u Complied
0-vbv-m7|_;"‹v|;lv†7b| ;r-u|l;m||oobv|-vh;7‰b|_|;vঞm]|_;v‹v|;lv†v;70‹
|_;-mh=ou7;|;1ঞomo=-m‹ˆ†Ѵm;u-0bѴbঞ;v-m77bvr-ubঞ;vĺ

rrobm|l;m|o=-mbm7;r;m7;m||_bu7r-u|‹0;bm]l-7;|o1om7†1|-1‹0;uv;1†ub|‹
-†7b|-m7r;m;|u-ঞom|;vঞm];ˆ;u‹t†-u|;u-m7bm-77bঞomķ_-ˆbm]o0|-bm;7v;uˆb1;v
o=-u;r†|;7m|;um-ঞom-Ѵ‹0;u";1†ub|‹omv†Ѵ|-m1‹ bul|ov|†7‹-m7l-h;
u;1oll;m7-ঞomv|oblruoˆ;‹0;u";1†ub|‹ru;r-u;7m;vvo=|_;-mh-u;=†u|_;uv|;rv
|-h;m0‹|_;-mhbmlbmblbvbm]v‹v|;lˆ†Ѵm;u-0bѴbঞ;vĺ
ŐƐƐƖő ĺƔ bv1Ѵov†u;o=|_;ruo1;vv|o7;mঞ=‹-m7l-m-];‹0;uv;1†ub|‹ubvhv
$_;u;t†bu;77bv1Ѵov†u;bvl-7;omr-];vƐƐѵ|oƐƑƐbm|_bvmm†-Ѵ!;rou|ĺ Complied

154 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƕķƑѶķƑƖķƒƐ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

o7;Ő|_;
o7;ő
!;=;u;m1;

H (!$ķ"$+ (!Ő"ő

H.1 "!!$
ŐƐƑƏő ĺƐĺƐ uoˆbvbomo=bm=oul-ঞombmu;Ѵ-ঞom|o"=-1|ouvķ;@;1|vo="bvv†;v|o|_;0†vbm;vv
-m7_o‰ubvhv-m7orrou|†mbঞ;vr;u|-bmbm]|o"-u;u;1o]mbv;7ķl-m-];7ķl;-v†u;7
-m7u;rou|;7
mˆbuoml;m|-Ѵ-m7"o1b-Ѵ!bvh-m-];l;m|"‹v|;lŐ""őbv-bl;7-|u;7†1bm]|_; Complied
-mhŝv;mˆbuoml;m|-Ѵ=oo|rubm|ĺ$_;ourou-|;"†v|-bm-0bѴb|‹ ;r-u|l;m|bv|-vh;7‰b|_
1om7†1ঞm];mˆbuoml;m|-Ѵblr-1|-vv;vvl;m|vbm1olrѴ‹‰b|_""bmou7;u|ol-m-];
|_;;mˆbuoml;m|-Ѵubvhv-vvo1b-|;7‰b|_|_;-mhŝv0†vbm;vvĺ †u|_;uķ‰b|_|_;loঞˆ;o=
l-m-]bm]|_;;mˆbuoml;m|-Ѵ=oo|rubm|ķ|_;-mhbvo=|_;ˆb;‰|_-|b|1-m0;-1_b;ˆ;7omѴ‹
b=|_;v|-@_-ˆ;-7;t†-|;hmo‰Ѵ;7];|o†m7;uv|-m7|_;r†urov;ķ-rrѴb1-ঞom-m7bm|;m7;7
o0f;1ঞˆ;vĺm|_bv1om|;Š|-ѴѴ;lrѴo‹;;v-u;;m1o†u-];7|o-7or||_;mˆbuoml;m|-Ѵ
Ѵ;7];ĺ"|u-|;]b1"†v|-bm-0bѴb|‹ u-l;‰ouhbv]bˆ;momr-];vƓƏ|oƓƓĺ

$_;l;l0;uvo=|_;o-u7ķr-uঞ1†Ѵ-uѴ‹bm|_;o-u7"†0ollb‚;;vķ‰b|_|_;ˆb;‰o=
b7;mঞ=‹bm]-m7l-m-]bm]|_;vo1b-Ѵķ;1omolb1-Ѵķ;mˆbuoml;m|-Ѵ|orb1v-m7|_;bublr-1|vķ
1-ѴѴ=ou1olru;_;mvbˆ;-m-Ѵ‹vbvu;rou|voˆ;u|_;u;vr;1ঞˆ;C;Ѵ7v=uol0o|_;Š|;um-Ѵ-m7
bm|;um-Ѵu;vo†u1;r;uvomv|o0;bmѴbm;‰b|_|_;-7;t†-|;7†;7bѴb];m1;ķ-v-m7‰_;m
u;t†bu;7ĺ

rr-u;Ѵv;1|ou-m-Ѵ‹vbvoˆ;u|_;ŝovvb0Ѵ;Ѵovvo="Ƴŝķ-m-Ѵ‹vbvom|_;1†uu;m|
1omv|u†1ঞombm7†v|u‹ķ0o|_7om;0‹o-u7u;7b|ollb‚;;ķ1-m0;vr;1bC;7-v-=;‰
bmv|-m1;v‰_;u;|_;;@ou|v‰;u;|-h;m|ob7;mঞ=‹ubvhv-m7orrou|†mbঞ;vbmˆoѴˆ;7bm|_;
v-l;ĺo-u7r;u†v;v-m71omvb7;uv|_;u;1oll;m7-ঞomv-m7o0v;uˆ-ঞomvb7;mঞC;7
†m7;uv†1_-m-Ѵ‹v;vbm|_;lbm†|;vo=|_;u;vr;1ঞˆ;"†0ollb‚;;l;;ঞm]vbm-uubˆbm]
-|7;1bvbomv-|o-u7;;ঞm]vĺ
ŐƐƑƐő ĺƐĺƑ mˆbuoml;m| -1|ouv
-|†u-Ѵ-rb|-Ѵu;rou|bv]bˆ;momr-];vѶƓ|oѶƖĺ Complied
ŐƐƑƑő ĺƐĺƒ "o1b-Ѵ -1|ouv
"o1b-Ѵ-m7!;Ѵ-ঞomv_br-rb|-Ѵu;rou|bv]bˆ;momr-];vƕƓ|oѶƒĺ Complied
ŐƐƑƒő ĺƐĺƓ oˆ;um-m1;
ourou-|;oˆ;um-m1;!;rou|bv]bˆ;momr-];vƐƑƒ|oƐƕƔĺ Complied
ŐƐƑƓő ĺƐĺƔ o-u7ĽvuoѴ;om" -1|ouv
$_;o-u7bvu;vromvb0Ѵ;|ou;ˆb;‰|_;"=-1|ouv-m7ruoˆb7;1oˆ;ubm]-rruoˆ-Ѵv=ou Complied
v|;rv|-h;m|o;m_-m1;|_;"u;Ѵ-|;7-u;-vĺ

SAMPATH SIMPLIFIED 155

CORPORATE GOVERNANCE

GRIƐƏƑŊƐѵ

The Banking Act Direction No. 11 of 2007 and Subsequent Amendments thereto on Corporate Governance for Licensed
Commercial Banks in Sri Lanka issued by the Central Bank of Sri Lanka (CBSL)
" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v
";1ঞom

ƒŐƐő !;vromvb0bѴbঞ;vo=|_;o-u7
$_;o-u7_-vv|u;m]|_;m;7|_;v-=;|‹-m7|_;vo†m7m;vvo=|_;-mhbm|_;=oѴѴo‰bm]l-mm;uĺ
ŐƐő ƒŐƐőŐbőŐ-ő ";মm]v|u-|;]b1o0f;1ঞˆ;v-m71ourou-|;ˆ-Ѵ†;v
$_;-mhĽvv|u-|;]b1o0f;1ঞˆ;v-m71ourou-|;ˆ-Ѵ†;v-u;7;|;ulbm;70‹|_;o-u7-m7-u;]bˆ;m Complied
omr-];ƐƑbm|_;mm†-Ѵ!;rou|ĺ$_;v;-u;1oll†mb1-|;7|o-ѴѴѴ;ˆ;Ѵvo=v|-@|_uo†]_u;]†Ѵ-u
0ub;Cm]v;vvbomv-m7u;bm=ou1;70‹|_;ourou-|;-m-];l;m|$;-lĺ77bঞom-ѴѴ‹ķ|‰ov;vvbomv
‰;u;_;Ѵ77;ˆo|;7=ou7bvv;lbm-ঞomo=|_;"|u-|;]b10f;1ঞˆ;v-m7|_;Ѵ-m=ou‹;-u
ƑƏƐѶŊƑƏƑƏ=ou|_;;mঞu;v|-@ĺ
ŐƑő ƒŐƐőŐbőŐ0ő ˆ;u-ѴѴ0†vbm;vvv|u-|;]‹bm1Ѵ†7bm]ubvhroѴb1‹-m7l-m-];l;m|
$_;-mhĽvv|u-|;]‹bvv;|0‹|_;o-u7bm1omv†Ѵ|-ঞom‰b|_|_;ourou-|;-m-];l;m|-m7|_; Complied
!;ˆoѴˆbm]"|u-|;]b1Ѵ-m=ou|_;r;ubo7ƑƏƐѶŊƑƏƑƏ-rruoˆ;70‹|_;o-u7_-v0;;mv†11;vv=†ѴѴ‹
blrѴ;l;m|;7‰b|_u;]†Ѵ-uu;ˆb;‰vĺ$_;!;ˆoѴˆbm]"|u-|;]b1Ѵ-m=ou|_;r;ubo7ƑƏƐƖŊƑƏƑƐ
|oo_-v0;;m7†Ѵ‹-rruoˆ;70‹|_;o-u7ĺm-77bঞomķ!bvh-m-];l;m|=u-l;‰ouh-m7
l;1_-mbvlv_-ˆ;-Ѵvo0;;m-rruoˆ;70‹|_;o-u7bmѴbm;‰b|_|_;"|u-|;]b1Ѵ-mĺ;-v†u-0Ѵ;
]o-Ѵv=ou|_;-mh-v-‰_oѴ;_-ˆ;0;;mv;|-m7r;u=oul-m1;bvl;-v†u;7bmѴbm;‰b|_|_;v;
]o-Ѵvom-lom|_Ѵ‹-m7t†-u|;uѴ‹0-vbvĺ
Őƒő ƒŐƐőŐbőŐ1ő !bvh-m-];l;m|
$_;o-u7_-v-rrobm|;7-o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;|-vh;7‰b|_ Complied
u;1oll;m7bm]|_;-mhĽv!bvhoѴb1b;vķ7;Cmbm]|_;ubvh-rr;ঞ|;ķb7;mঞ=‹bm]rubm1br-Ѵubvhvķ
v;মm]]oˆ;um-m1;v|u†1|†u;v-m7blrѴ;l;mঞm]v‹v|;lv|ol;-v†u;ķlomb|ou-m7l-m-];|_;
rubm1br-Ѵubvhvĺ$_;=oѴѴo‰bm]u;rou|vruoˆb7;=†u|_;ubmvb]_|vbm|_bvu;]-u7ĺ

y!bvh-m-];l;m|!;rou|omr-];vƐƐѵ|oƐƑƐĺ

yo-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;!;rou|omr-];vƐѶƑ|oƐѶƒĺ

l;1_-mbvlņruo1;vv|ob7;mঞ=‹-m7lbঞ]-|;|_;ubvhv-ubvbm]o†|o=m;‰v|u-|;]b;vbvbmrѴ-1;
-|o-u7Ѵ;ˆ;Ѵĺ

156 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƑƐķƒƒ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƓő ƒŐƐőŐbőŐ7ő oll†mb1-ঞom‰b|_-ѴѴv|-h;_oѴ7;uv

o-u7-rruoˆ;7oll†mb1-ঞomoѴb1‹bvbmrѴ-1;ruoˆb7bm]=ou1oll†mb1-ঞom‰b|_-ѴѴ Complied
v|-h;_oѴ7;uvķbm1Ѵ†7bm]7;rovb|ouvķ1u;7b|ouvķv_-u;_oѴ7;uv-m70ouuo‰;uvĺ

$_;o-u7_-v-rruoˆ;7-m7blrѴ;l;m|;7|_;=oѴѴo‰bm]1oll†mb1-ঞom1_-mm;ѴvĹ

y "
 _-u;_oѴ7;uvŊ$_;o-u7_-v-rrobm|;7-"†0ollb‚;;om"_-u;_oѴ7;u!;Ѵ-ঞomv|-vh;7
‰b|_b7;mঞ=‹bm]-m7-77u;vvbm]|_;v_-u;_oѴ7;uvĽ1om1;umvĺ|bv|_;Cuv|Ѵbv|;71olr-m‹
bm"ub-mh-|o_-ˆ;v†1_-ollb‚;;ĺ$_bvollb‚;;1om7†1|v-m-mm†-Ѵ"_-u;_oѴ7;u
!;Ѵ-ঞomv ou†l|ob7;mঞ=‹v_-u;_oѴ7;u1om1;umvĺ77bঞom-ѴѴ‹ķ|_;bv-Ѵvo-h;‹=ou†l
|o1om|-1|v_-u;_oѴ7;uv-m7|_;-mh_-v-ruo†7_bv|ou‹o=‰;ѴѴ-‚;m7;7v‰_;u;
v_-u;_oѴ7;uv|-h;-m-1ঞˆ;uoѴ;bm;Š;u1bvbm]|_;buub]_|vĺ$_;mm†-Ѵ!;rou|bv|u-mvѴ-|;7
bm|o"bm_-Ѵ--m7|_;_-bul-mĽv-m7 Ľvl;vv-];v-u;|u-mvѴ-|;7bm|o"bm_-Ѵ--m7$-lbѴ-v
‰;ѴѴ|o=-1bѴb|-|;;Š|;m7;71oll†mb1-ঞom‰b|_v_-u;_oѴ7;uvĺ

y †v|ol;uvŊ†v|ol;uvbm1Ѵ†7;7;rovb|ouvķ1u;7b|ouv-m70ouuo‰;uvĺo-u7-rruoˆ;7
†v|ol;uolrѴ-bm|v-m7Ѵbm]oѴb1‹_-v0;;mblrѴ;l;m|;7ĺ$_;†v|ol;uolrѴ-bm|
-m7Ѵbm]uo1;7†u;_-v0;;mrubm|;7bm-ѴѴ|_u;;Ѵ-m]†-];v-m77bvv;lbm-|;7|o-ѴѴ
1†v|ol;u1om|-1|robm|vo=|_;-mhĺ$_bv7o1†l;m|o†|Ѵbm;v|_;†v|ol;uolrѴ-bm|v
-m7Ѵbm]ruo1;7†u;o=|_;-mhķruoˆb7;vu;Ѵ;ˆ-m|bm=oul-ঞomom1om|-1|7;|-bѴvo=|_;
-mh=ou|_bvr†urov;-m7-Ѵvoo=|_; bm-m1b-Ѵl0†7vl-mķ-ƑƓŊ_o†u|ubѴbm]†-Ѵ1†v|ol;u
_o|Ѵbm;|ov†rrou|1†v|ol;ut†;ub;v_-v0;;m;v|-0Ѵbv_;7-m7u;rou|vo=1olrѴ-bm|v-u;
u;ˆb;‰;70‹|_;u;Ѵ;ˆ-m|o-u7"†0ollb‚;;vĺ

y "
 |-@ŋ"|-@l;l0;uv-u;]bˆ;m-11;vv|o|_;l-m-];l;m||oˆob1;|_;bu1om1;umv|_uo†]_
|_;)_bv|Ѵ;Ѵo‰bm]oѴb1‹-m7|_;ub;ˆ-m1;-m7Ѵbm]uo1;7†u;ĺ
ŐƔ-ő ƒŐƐőŐbőŐ;ő m|;um-Ѵom|uoѴ"‹v|;l
$_;o-u7bv|-vh;7‰b|_u;ˆb;‰bm]|_;-7;t†-1‹-m7|_;bm|;]ub|‹o=|_;-mhĽvbm|;um-Ѵ1om|uoѴ Complied
v‹v|;lv-m7l-m-];l;m|bm=oul-ঞomv‹v|;lvĺ11ou7bm]Ѵ‹ķ|_;o-u7†7b|ollb‚;;u;ˆb;‰v
m|;um-Ѵ†7b|u;rou|vv†0lb‚;70‹|_;m|;um-Ѵ†7b| ;r-u|l;m|-m7lomb|ouv=oѴѴo‰†r-1ঞom
=†u|_;u0-v;7om|_;-vv;vvl;m|o=m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]Ő !őĺ bu;1|ouv
1om1Ѵ†7;7|_-||_;-mhĽvm|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]bv;@;1ঞˆ;ĺ

ŐƔ0ő ƒŐƐőŐbőŐ;ő -m-];l;m|m=oul-ঞom"‹v|;lv

$_;-mh_-v;v|-0Ѵbv_;7-ˆ-Ѵb7ruo1;vv|ou;ˆb;‰|_;-7;t†-1‹ķbm|;]ub|‹-m7-11†u-1‹o=-ѴѴ Complied
Cm-m1b-Ѵ-m7momŊCm-m1b-Ѵbm=oul-ঞomĺ$_bvruo1;vvbv1omঞm†o†vѴ‹0;bm]blruoˆ;7ĺ
Őѵő ƒŐƐőŐbőŐ=ő ;‹-m-];l;m|;uvomm;Ѵ
$_;o-u7_-vb7;mঞC;7l;l0;uvo=|_;ourou-|;-m-];l;m|ķ|_;olr-m‹";1u;|-u‹ķ Complied
uo†rolrѴb-m1;L1;u-m7|_;Š1_-m];om|uoѴolrѴb-m1;L1;u-v;‹-m-];l;m|
;uvomm;Ѵ0;bm]ľL1;uv;u=oulbm]Š;1†ঞˆ; †m1ঞomvo=b1;mv;7oll;u1b-Ѵ-mhvŐőĿ
-vu;t†bu;70‹"†b7;Ѵbm;7-|;7Ƒm7 ;1;l0;uƑƏƐƔ-m7|_;Ѵ;‚;u7-|;7Ɛƕ|_†m;ƑƏƐƒ
bvv†;70‹|_;om|uoѴѴ;uo=Š1_-m];Ŋ"u;vr;1ঞˆ;Ѵ‹ĺѴѴ-rrobm|l;m|vo=7;vb]m-|;7;‹
-m-];l;m|;uvomm;ѴŐvő-u;u;1oll;m7;70‹|_;o-u7olbm-ঞomollb‚;;-m7
-rruoˆ;70‹|_;o-u7ĺ

SAMPATH SIMPLIFIED 157

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

Őƕő ƒŐƐőŐbőŐ]ő ;Cm;-u;-vo=-†|_oub|‹-m7h;‹u;vromvb0bѴbঞ;v=ou bu;1|ouv-m7;‹-m-];l;m|;uvomm;Ѵ

u;-vo=-†|_oub|‹-m7h;‹u;vromvb0bѴbঞ;v_-ˆ;0;;m7;Cm;7=ou bu;1|ouv-m7v|_uo†]_ Complied
o7;o=om7†1|-m7oˆ;um-m1;!;t†bu;l;m|=ou bu;1|ouv-m7|_;u;Ѵ;ˆ-m|ovbঞom
;v1ubrঞomo=|_;vu;vr;1ঞˆ;Ѵ‹ĺ
ŐѶő ƒŐƐőŐbőŐ_ő ˆ;uvb]_|o=-@-buvo=|_;-mh0‹;‹-m-];l;m|;uvomm;Ѵ
vl-h;u;]†Ѵ-uru;v;m|-ঞomv|o|_;o-u7oml-‚;uv†m7;u|_;buu;vr;1ঞˆ;r†uˆb;‰v-m7 Complied
-u;u;]†Ѵ-uѴ‹1-ѴѴ;7bm0‹|_;o-u7|o;ŠrѴ-bml-‚;uvu;Ѵ-ঞm]|o|_;bu-u;-v‰_;mm;;7-ubv;vĺ

ŐƖő ƒŐƐőŐbőŐbő vv;vv;v;@;1ঞˆ;m;vvo=o‰m]oˆ;um-m1;ru-1ঞ1;vbm1Ѵ†7bm]v;Ѵ;1ঞom-m7molbm-ঞomo=

bu;1|ouv-m7vķl-m-];l;m|o=1omYb1|o=bm|;u;v|-m77;|;ulbm-ঞomo=‰;-hm;vv;v
";Ѵ;1ঞomķmolbm-ঞom-m7;Ѵ;1ঞomo= bu;1|ouv-u;l-7;0‹|_;o-u7olbm-ঞomollb‚;; Complied
0-v;7om|_;buC;Ѵ7o=;Šr;uঞv;bm-11ou7-m1;‰b|_|_;o-u7-rruoˆ;7uo1;7†u;|_;u;=ou;ĺ
bu;1|ouvĽbm|;u;v|vķb=-m‹ķ-u;7bv1Ѵov;7|o|_;o-u77†ubm]|_;o-u7l;;ঞm]ĺ bu;1|ou‰_o
_-v-r-uঞ1†Ѵ-ubm|;u;v|-0v|-bmv=uolˆoঞm]bmv†1_-vb|†-ঞom-m7_;ņv_;bvmo|1o†m|;7bm
|_;t†ou†lĺ

m-77bঞom bu;1ঞˆ;vņr;u-ঞom-Ѵ†b7;Ѵbm;v_-ˆ;0;;mbvv†;7‰b|_u;]-u7|o7;-Ѵbm]‰b|_
!;Ѵ-|;7-u|‹$u-mv-1ঞomv-m7omѴ;m7bm]|o bu;1|ouvķ|_;bu1Ѵov;u;Ѵ-ঞˆ;v-m7|_;bu1om1;umv
-m7|_;o-u7-rruoˆ;7oѴb1‹om-m-]bm]omYb1|vo=m|;u;v|-rrѴb;v|o|_;o-u7-v‰;ѴѴ-v
|o|_;;lrѴo‹;;vo=|_;-mhĺ
o-u7-rruoˆ;7oѴb1‹om-m-]bm]omYb1|vo=m|;u;v|bvbmrѴ-1;ĺ Complied
$_;o-u7-rru-bv;vb|vo‰mr;u=oul-m1;|_uo†]_;-1_ bu;1|ou1olrѴ;ঞm]|_;";Ѵ=ˆ-Ѵ†-ঞom Complied
oulbmu;Ѵ-ঞom|o0†vbm;vvv|u-|;]‹-m71om|ub0†ঞomvo=|_;l;l0;uv0-v;7om|_;buC;Ѵ7o=
;Šr;uঞv;ĺ$_;u;vromv;v-u;1oѴѴ-|;70‹|_;olr-m‹";1u;|-u‹-m7v†0lb‚;7|o|_;o-u7=ou
u;ˆb;‰ĺ-‚;uvo=1om1;um-u;0uo†]_||o|_;-‚;mঞomo=|_;o-u70‹|_;olr-m‹";1u;|-u‹ĺ
ŐƐƏő ƒŐƐőŐbőŐfő "†11;vvbomrѴ-m=ou;‹-m-];l;m|;uvomm;Ѵ
$_;v|u†1|†u;o=|_;-mh‰_b1_‰-vu;1oll;m7;70‹|_;o-u7olbm-ঞomollb‚;;_-v Complied
0;;m-rruoˆ;70‹|_;o-u7bmrubm1brѴ;ĺ$_;v†11;vvbomrѴ-mbvblrѴ;l;m|;70-v;7om|_;
o-u7-rruoˆ;7uo1;7†u;=ouv-l;ĺ
ŐƐƐő ƒŐƐőŐbőŐhő !;]†Ѵ-ul;;ঞm]v‰b|_;‹-m-];l;m|;uvomm;Ѵ
v-u;1-ѴѴ;7omm;;70-vbv=ou7bv1†vvbomv-||_;l;;ঞm]vo=|_;o-u7-m7b|v"†0 Complied
ollb‚;;v|ou;ˆb;‰roѴb1‹-m7o|_;ul-‚;uvu;Ѵ-ঞm]|o|_;bu-u;-vĺuo]u;vv|o‰-u7v
1ourou-|;o0f;1ঞˆ;vbv-u;]†Ѵ-u-];m7-b|;l-||_;o-u7;;ঞm]v-m7|_;v-u;u;]†Ѵ-uѴ‹
bmˆoѴˆ;7bmo-u7Ѵ;ˆ;Ѵ7bv1†vvbomvom|_;v-l;ĺ
ŐƐƑő ƒŐƐőŐbőŐѴő !;]†Ѵ-|ou‹;mˆbuoml;m|-m7l-bm|-bmbm]-m;@;1ঞˆ;u;Ѵ-ঞomv_br‰b|_u;]†Ѵ-|ou
bu;1|ouv-u;0ub;=;7-0o†|7;ˆ;Ѵorl;m|vbm|_;u;]†Ѵ-|ou‹;mˆbuoml;m|-|o-u7;;ঞm]v|o Complied
;mv†u;|_-||_;buhmo‰Ѵ;7];bv†r7-|;7u;]†Ѵ-uѴ‹|o=-1bѴb|-|;|_;;@;1ঞˆ;7bv1_-u];o=|_;bu
u;vromvb0bѴbঞ;vĺ
olrѴb-m1;!;rou|vv†0lb‚;7|o|_;"‰_b1_bm1Ѵ†7;-ѴѴu;|†umv|ou;]†Ѵ-|ouv-u;ru;v;m|;7 Complied
|o|_;o-u7t†-u|;uѴ‹-m7lomb|ou;71Ѵov;Ѵ‹0‹|_;o-u7ĺ
$_; -‚;m7;7-ѴѴņ =ou†lvomoˆ;um-m1;ou]-mbv;70‹"-m70ub;=;7|_;o-u7 Complied
7†ubm]ƑƏƐѶĺ

158 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƐƒő ƒŐƐőŐbőŐlő bubm]Š|;um-Ѵ†7b|ouv

$_;o-u7†7b|ollb‚;;1-uub;vo†|m;1;vv-u‹7†;7bѴb];m1;u;]-u7bm]|_;_bubm]o=|_; Complied
Š|;um-Ѵ†7b|ouv-m7l-h;vu;1oll;m7-ঞomv|o|_;o-u7ĺ$_;-rrobm|l;m|o=|_;Š|;um-Ѵ
†7b|oubvl-7;-||_;ĺˆ;uvb]_|o=|_;Š|;um-Ѵ†7b|ouvbv1-uub;7o†|0‹|_;o-u7
†7b|ollb‚;;Őő-m7|_;o-u7bv0ub;=;7o=-m‹1om1;umvbm|_bvu;]-u7b=-m;1;vvb|‹
-ubv;vĺ$o;mv†u;]u;-|;ubm7;r;m7;m1;o=|_;o-u7†7b|ollb‚;;|_;bm7;r;m7;m|
1omv†Ѵ|-m|-rrobm|;7|o|_;1omঞm†;v|oruoˆb7;_;u-7ˆb1;-m7v;uˆb1;v|o|_bv
ollb‚;;ĺ
ŐƐƓő ƒŐƐőŐbbő rrobm|l;m|o=_-bul-m-m7ņ -m7|_;bu=†m1ঞomv-m7u;vromvb0bѴbঞ;v
$_;o-u7_-v-rrobm|;7|_;_-bul-m-m7|_;_b;=Š;1†ঞˆ;L1;uņ -m7|_;o-u7 Complied
_-v-rruoˆ;7|_;buu;vr;1ঞˆ;=†m1ঞomv-m7u;vromvb0bѴbঞ;vķl-bm|-bmbm]|_;0-Ѵ-m1;o=ro‰;u
0;|‰;;m|_;|‰ouoѴ;vĺ
ŐƐƔő ƒŐƐőŐbbbő o-u7;;ঞm]v
!;]†Ѵ-uo-u7;;ঞm]v-u;_;Ѵ7-m7vr;1b-Ѵl;;ঞm]v-u;v1_;7†Ѵ;7b=|_;m;;7-ubv;vĺ$_; Complied
o-u7l;|Ɛѵঞl;v7†ubm]ƑƏƐѶĺ$_;-mh_-vlbmblbv;7o0|-bmbm]-rruoˆ-Ѵˆb-1bu1†Ѵ-u
u;voѴ†ঞomv-m7b|bv7om;omѴ‹om-m;Š1;rঞom-Ѵ0-vbv-m7v†1_u;voѴ†ঞomv-u;u-ঞC;70‹|_;
o-u7-||_;v†0v;t†;m|l;;ঞm]ĺ
ŐƐѵő ƒŐƐőŐbˆő uu-m];l;m|v=ou bu;1|ouv|obm1Ѵ†7;ruorov-Ѵvbm|_;-];m7-
o-u7-rruoˆ;7ruo1;7†u;bvbmrѴ-1;|o;m-0Ѵ;-ѴѴ bu;1|ouv|obm1Ѵ†7;l-‚;uv-m7ruorov-Ѵv Complied
bm|_;-];m7-ĺ
om|_Ѵ‹l;;ঞm]v-u;v1_;7†Ѵ;7-m7bm=oul;7|o|_;o-u7-||_;0;]bmmbm]o=;-1_1-Ѵ;m7-u Complied
‹;-u|o;m-0Ѵ;v†0lbvvbomo=ruorov-Ѵvbm|_;-];m7-=ouu;]†Ѵ-ul;;ঞm]v‰_;u;v†1_l-‚;uv
-m7ruorov-Ѵvu;Ѵ-|;|o|_;ruoloঞomo=0†vbm;vv-m7|_;l-m-];l;m|o=ubvho=|_;-mhĺ
ŐƐƕő ƒŐƐőՈő oঞ1;o=;;ঞm]v
oঞ1;o=;;ঞm]v-m7|_;-];m7-=ou|_;o-u7;;ঞm]v-u;1bu1†Ѵ-|;7-lom]|_; bu;1|ouv Complied
];m;u-ѴѴ‹v;ˆ;m7-‹vrubou|o|_;l;;ঞm]ķ]bˆbm] bu;1|ouv-7;t†-|;ঞl;|o-‚;m7-m7v†0lb|
-m‹†u];m|ruorov-Ѵvĺ
77bঞom-ѴѴ‹ķoঞ1;vķ];m7--m7-ѴѴu;Ѵ-|;7o-u7r-r;uv-u;†rѴo-7;7|_uo†]_-v;1†u;Ѵbmh Complied
om|ob-7v=ou bu;1|ouv|o-11;vvĺ
ŐƐѶő ƒŐƐőՈbő bu;1|ouvĽ-‚;m7-m1;
$_; bu;1|ouv-u;-rrubv;7o=|_;bu-‚;m7-m1;bm-11ou7-m1;‰b|_|_;-mhbm]1| bu;1ঞomoĺ Complied
ƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvĺ ;|-bѴvo=|_; bu;1|ouvĽ
-‚;m7-m1;bvv;|o†|omr-];ƐƑѵĺ
ѴѴ bu;1|ouv_-ˆ;-‚;m7;7-|Ѵ;-v||‰oŊ|_bu7vo=|_;|o|-Ѵm†l0;uo=o-u7l;;ঞm]v7†ubm]|_; Complied
‹;-u†m7;uu;ˆb;‰ĺ
ŐƐƖő ƒŐƐőՈbbő olr-m‹";1u;|-u‹
$_;o-u7_-v-rrobm|;7|_;olr-m‹";1u;|-u‹o=|_;-mhķ‰_obv-m‚oum;‹Ŋ-|Ŋ-‰o= Complied
|_;"†ru;l;o†u|o="ub-mh-ķ‰_ov-ঞvC;v|_;ruoˆbvbomvo=";1ঞomƓƒo=|_;-mhbm]1|
oĺƒƏo=ƐƖѶѶĺ$_;olr-m‹";1u;|-u‹Ľvrubl-u‹u;vromvb0bѴbঞ;v-u;|o_-m7Ѵ;|_;v;1u;|-ub-Ѵ
v;uˆb1;v|o|_;o-u7-m7"_-u;_oѴ7;uv-m71-uu‹o†|o|_;u=†m1ঞomvvr;1bC;7bm|_;v|-|†|;v
-m7o|_;uu;]†Ѵ-ঞomvĺ

SAMPATH SIMPLIFIED 159

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƑƏő ƒŐƐőՈbbbő bu;1|ouvĽ-11;vv|o-7ˆb1;-m7v;uˆb1;vo=olr-m‹";1u;|-u‹

ѴѴl;l0;uvo=|_;o-u7_-ˆ;|_;orrou|†mb|‹|oo0|-bm|_;-7ˆb1;-m7v;uˆb1;vo=|_; Complied
olr-m‹";1u;|-u‹‰_obv-m‚oum;‹Ŋ-|Ŋ-‰|o-m7‰_obvu;vromvb0Ѵ;|o|_;o-u7=ou
=oѴѴo‰†ro=o-u7uo1;7†u;vķolrѴb-m1;‰b|_u;Ѵ;ˆ-m|!†Ѵ;v-m7!;]†Ѵ-ঞomvķ bu;1ঞomv-m7
"|-|†|;v-m7h;;rbm]-m7l-bm|-bmbm]bm†|;v-m7u;Ѵ;ˆ-m|u;1ou7vo=|_;-mhĺ

o-u7-rruoˆ;7ruo1;7†u;|oruoˆb7;=ou|_bvbvbmrѴ-1;ĺ
ŐƑƐő ƒŐƐőŐbŠő -bm|;m-m1;o=o-u7bm†|;v
$_;olr-m‹";1u;|-u‹l-bm|-bmv|_;bm†|;vo=|_;o-u7;;ঞm]v-m71bu1†Ѵ-|;v|_;v-l; Complied
-lom]v|-ѴѴo-u7;l0;uvĺ77bঞom-ѴѴ‹ķ|_; bu;1|ouv_-ˆ;-11;vv|o|_;r-v|o-u7r-r;uv
-m7bm†|;v|_uo†]_|_;v;1†u;;Ѵ;1|uomb1Ѵbmhˆb-b-7vĺ
ŐƑƑő ƒŐƐőՊő bm†|;v|o0;bmv†L1b;m|7;|-bѴ-m7v;uˆ;-v-u;=;u;m1;=ouu;]†Ѵ-|ouv-m7v†r;uˆbvou‹
-†|_oubঞ;v
$_;7;|-bѴ;7lbm†|;vo=|_;l;;ঞm]vbm1Ѵ†7;Ĺ Complied

yv†ll-u‹o=7-|--m7bm=oul-ঞom†v;70‹|_;o-u7bmb|v7;Ѵb0;u-ঞomv

y$_;l-‚;uv1omvb7;u;70‹|_;o-u7;l0;uv

y$_;=-1|ŊCm7bm]7bv1†vvbomv-m7|_;bvv†;vo=1omv;m|ou7bvv;m|

y$_;|;vঞlomb;v-m71omCul-ঞomvo=u;Ѵ;ˆ-m|;Š;1†ঞˆ;v‰b|_u;]-u7|o|_;o-u7Ľv
v|u-|;]b;v-m7roѴb1b;v-m7-7_;u;m1;|ou;Ѵ;ˆ-m|Ѵ-‰v-m7u;]†Ѵ-ঞomv

y-‚;uvu;]-u7bm]|_;ubvhv|o‰_b1_|_;-mhbv;Šrov;7-m7-moˆ;uˆb;‰o=|_;ubvh
l-m-];l;m|l;-v†u;vbm1Ѵ†7bm]u;rou|vo=|_;o-u7m|;]u-|;7!bvh-m-];l;m|
ollb‚;;

y$_;7;1bvbomv-m7o-u7u;voѴ†ঞomvbm1Ѵ†7bm]u;rou|vo=-ѴѴo-u7"†0ollb‚;;vĺ
ŐƑƒő ƒŐƐőՊbő bu;1|ouvĽ-0bѴb|‹|ov;;hbm7;r;m7;m|ruo=;vvbom-Ѵ-7ˆb1;
$_;-mh_-v-7or|;7-o-u7-rruoˆ;7oѴb1‹=ouľ bu;1|ouvĽ11;vv|om7;r;m7;m| Complied
uo=;vvbom-Ѵ7ˆb1;Ŀ-m7|_;o-u7u;vou|v|ov†1_-7ˆb1;‰_;m7;;l;7m;1;vv-u‹ĺ$_;
olr-m‹";1u;|-u‹ruoˆb7;7-7ˆb1;|o|_;o-u7ĺ

$_;o-u7"†0ollb‚;;v-m7ˆ-ubo†vruo=;vvbom-Ѵvbmourou-|;-m7";mbou-m-];l;m| Complied
v_-u;|_;buhmo‰Ѵ;7];‰b|_|_;o-u7omˆ-ubo†vl-‚;uvu;Ѵ;ˆ-m||o|_;lĺm-77bঞomķ bu;1|ouv
-u;-0Ѵ;|oo0|-bmbm7;r;m7;m|ruo=;vvbom-Ѵ-7ˆb1;ķ-v-m7‰_;mm;1;vv-u‹ķbm7bv1_-u]bm]|_;bu
u;vromvb0bѴbঞ;vĺ$_;v;l;;ঞm]v-u;1oou7bm-|;70‹|_;olr-m‹";1u;|-u‹ĺ †ubm]|_;‹;-u
†m7;uu;ˆb;‰ķ|_;o-u7vo†]_|bm7;r;m7;m|ruo=;vvbom-Ѵ-7ˆb1;omv;ˆ;u-Ѵl-‚;uvbm1Ѵ†7bm]om
m7†v|ub-Ѵ!;Ѵ-ঞomvĺ
ŐƑƓő ƒŐƐőՊbbő ;-Ѵbm]‰b|_omYb1|vo=m|;u;v|
$_; bu;1|ouv-u;1omv1bo†vo=|_;buo0Ѵb]-ঞom|o7;-Ѵ‰b|_vb|†-ঞomv‰_;u;|_;u;bv-1omYb1| Complied
o=bm|;u;v|bm-11ou7-m1;‰b|_|_;uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhķ|_;-mhĽvoѴb1‹om
-m-]bm]omYb1|vo=m|;u;v|-m7|_;-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕĺ$_;-mh
l-bm|-bmvu;]bv|;uvo= bu;1|ouvĽ-m7vŝm|;u;v|v‰_b1_-u;u;]†Ѵ-uѴ‹†r7-|;7‰_b1_bm1Ѵ†7;v
bm|;u;v|vo=|_;vro†v;vķ7;r;m7;m|1_bѴ7u;m†m7;uƐѶ‹;-uvo=-];-m7|_;bu0†vbm;vv1om1;umvĺ
bu;1|ouv-0v|-bm=uolr-uঞ1br-ঞm]bm|_;7bv1†vvbomvķˆob1bm]|_;buorbmbomou-rruoˆbm]bm
vb|†-ঞomv‰_;u;|_;u;bv-1omYb1|o=bm|;u;v|ĺ77bঞom-ѴѴ‹ bu;1|ou1om1;um;7bvmo|1o†m|;7bm
|_;t†ou†lbmv†1_bmv|-m1;vĺ

160 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƑƔő ƒŐƐőՊbbbő "1_;7†Ѵ;o=l-‚;uvu;v;uˆ;7=ouo-u7ŝv7;1bvbom

$_;o-u7_-v-m-rruoˆ;7v1_;7†Ѵ;o=l-‚;uvvr;1bC1-ѴѴ‹u;v;uˆ;7=oub|v7;1bvbom|o;mv†u; Complied
|_-||_;7bu;1ঞom-m71om|uoѴo=|_;-mhbv‰b|_bmb|v-†|_oub|‹bmѴbm;‰b|_u;]†Ѵ-|ou‹1o7;vķ
]†b7;Ѵbm;v-m7bm|;um-ঞom-Ѵ0;v|ru-1ঞ1;vĺ

ŐƑѵő ƒŐƐőՊbˆő m=oul;m|u-Ѵ-mhb=|_;u;-u;voѴˆ;m1‹bvv†;v

$_;o-u7bv-‰-u;o=|_;m;;7|obm=oul|_; bu;1|ouo=-mh"†r;uˆbvbomrubou|o|-hbm]-m‹ Complied
7;1bvbomou-1ঞomb=|_;-mhbv-0o†||o0;1ol;bmvoѴˆ;m|ou-0o†||ov†vr;m7r-‹l;m|v|ob|v
7;rovb|ouv-m7o|_;u1u;7b|ouvĺ=v†1_-vb|†-ঞom-ubv;vķ|_;-mh‰bѴѴ7†Ѵ‹bm=oul|_; bu;1|ou
o=-mh"†r;uˆbvbom-m7v†1_-vb|†-ঞom7b7mo|-ubv;7†ubm]|_;‹;-uƑƏƐѶĺ

$_uo†]_|_;o7;o=om7†1|-m7oˆ;um-m1;!;t†bu;l;m|v=ou bu;1|ouvķ|_; bu;1|ouv

_-ˆ;0;;m1olr;ѴѴ;7‰b|_|_;u;vromvb0bѴb|‹o=bm=oulbm]|_; bu;1|ouo=-mh"†r;uˆbvbom-m7
l-hbm]m;1;vv-u‹r†0Ѵb1-m7o|_;u7bv1Ѵov†u;v†rom|_;o11†uu;m1;o=v†1_-m;ˆ;m|ĺ
ŐƑƕő ƒŐƐőՊˆő olrѴb-m1;‰b|_-rb|-Ѵ7;t†-1‹
$_;o-u7lomb|ouv1-rb|-Ѵ-7;t†-1‹-m7o|_;uru†7;mঞ-Ѵl;-v†u;vˆbvŊ-Ŋˆbvu;]†Ѵ-|ou‹ Complied
u;t†bu;l;m|ķ|_;-mh_-v7;Cm;7ubvh-rr;ঞ|;-m7bm7†v|u‹0;m1_l-uhvom-t†-u|;uѴ‹0-vbvĺ
v-|ƒƐĺƐƑĺƑƏƐѶ|_;-mh‰-vbm1olrѴb-m1;‰b|_|_;lbmbl†l1-rb|-Ѵu;t†bu;l;m|vĺ
ŐƑѶő ƒŐƐőՊˆbő †0Ѵbv_ourou-|;oˆ;um-m1;!;rou|bmmm†-Ѵ!;rou|
$_;o-u7r†0Ѵbv_;v|_;ourou-|;oˆ;um-m1;!;rou|bm|_;-mhĽvmm†-Ѵ!;rou|ĺ$_bvu;rou| Complied
bv]bˆ;momr-];vƐƑƒ|oƐƕƔĺ
ŐƑƖő ƒŐƐőՊˆbbő ";Ѵ=Ŋ-vv;vvl;m|o= bu;1|ouv
$_;o-u7_-v-7or|;7-v1_;l;o=v;Ѵ=Ŋ-vv;vvl;m||o0;†m7;u|-h;m0‹;-1_ bu;1|ou Complied
-mm†-ѴѴ‹ķ|_;u;1ou7vo=‰_b1_-u;l-bm|-bm;7‰b|_|_;olr-m‹";1u;|-u‹ĺ$_;-vv;vvl;m|v-u;
1olrbѴ;70‹|_;olr-m‹";1u;|-u‹-m7v†0lb‚;7|o|_;o-u7o= bu;1|ouv=ou7bv1†vvbomĺ
ƒŐƑő o-u7olrovbঞom
ŐƒƏő ƒŐƑőŐbő †l0;uo= bu;1|ouv
vr;u" bu;1ঞomomourou-|;oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvķ|_;m†l0;u Complied
o= bu;1|ouvv_o†Ѵ7mo|0;Ѵ;vv|_-mv;ˆ;moulou;|_-mƐƒĺ$_;-mhĽvo-u71olrubv;7ƐƏ
bu;1|ouv†r|oƐƑĺƐƐĺƑƏƐѶķ-m7ƐƐ bu;1|ouv=uolƐƒĺƐƐĺƑƏƐѶķ1olrѴ‹bm]‰b|_|_bvruoˆbvbomĺ
ŐƒƐő ƒŐƑőŐbbő ;ubo7o=v;uˆb1;o=- bu;1|ou
$_;r;ubo7o=v;uˆb1;o=- bu;1|ou;Š1Ѵ†7bm]|_;Š;1†ঞˆ; bu;1|ouvbvѴblb|;7|oƖ‹;-uvou Complied
†mঞѴ|_;v;ˆ;mঞ;|_0bu|_7-‹ķ‰_b1_;ˆ;ubv;-uѴb;u-vr;u|_;-mhbm]1| bu;1ঞomoĺƐƐo=
ƑƏƏƕomourou-|;oˆ;um-m1;ĺ$_;u;-u;mo bu;1|ouvķ‰_ov;|;m†u;o=v;uˆb1;_-v;Š1;;7;7
Ɩ‹;-uvom|_;o-u7-m7mo bu;1|ouv‰_ou;-1_;7";ˆ;m|‹‹;-uvo=-];7†ubm]|_;‹;-u†m7;u
u;ˆb;‰ĺ ;|-bѴvo=|_;buu;vr;1ঞˆ;|;m†u;o=v;uˆb1;-u;]bˆ;momr-];vƐѵ|oƑƐĺ
ŐƒƑő ƒŐƑőŐbbbő o-u70-Ѵ-m1;
$_;u;-u;|;momŊŠ;1†ঞˆ; bu;1|ouv-m7om;Š;1†ঞˆ; bu;1|ouķ0;bm]‰;ѴѴ‰b|_bm|_; Complied
u;t†bu;l;m|o=|_;ru;v1ub0;7u-ঞoo=Š;1†ঞˆ; bu;1|ouv|oomŊŠ;1†ঞˆ; bu;1|ouv0;bm]
om;Ŋ|_bu7o=|_;|o|-Ѵĺ

Őƒƒő ƒŐƑőŐbˆő m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv

$_;o-u7ķ†mঞѴƐƑĺƐƐĺƑƏƐѶ1olrubv;7vbŠm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv-m7‰ĺ;ĺ=ĺ Complied
ƐƒĺƐƐĺƑƏƐѶķCˆ;m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv‰_b1_1olrѴb;v‰b|_|_;ru;v1ub0;7
u;t†bu;l;m|ĺ

SAMPATH SIMPLIFIED 161

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƒƓő ƒŐƑőՈő Ѵ|;um-|; bu;1|ouv

$_;u;‰;u;mo-Ѵ|;um-|; bu;1|ouv-rrobm|;77†ubm]|_;‹;-uƑƏƐѶķ=oѴѴo‰bm]|_;-mhĽv1†uu;m| Complied
roѴb1‹o=mo|-rrobmঞm]-m‹Ѵ|;um-|; bu;1|ouv|o|_;o-u7ĺ
ŐƒƔő ƒŐƑőՈbő ub|;ub-=ouomŊŠ;1†ঞˆ; bu;1|ouv
omŊŠ;1†ঞˆ; bu;1|ouv-u;r;uvomv‰b|_1u;7b0Ѵ;|u-1hu;1ou7‰_o_-ˆ;m;1;vv-u‹vhbѴѴv-m7 Complied
;Šr;ub;m1;|o0ubm]-mbm7;r;m7;m|f†7]l;m||o0;-uombvv†;vo=v|u-|;]‹ķr;u=oul-m1;-m7
u;vo†u1;vĺ$_;ruoCѴ;vo=|_;omŊŠ;1†ঞˆ; bu;1|ouv-u;7;|-bѴ;7omr-];vƐѵ|oƑƐĺ

$_;o-u7_-v-rruoˆ;7-ruo1;7†u;|o-rrobm| bu;1|ouvruoˆb7bm]=ou-rrobm|l;m|o= Complied

m7;r;m7;m| bu;1|ouv-v‰;ѴѴĺ

Őƒѵő ƒŐƑőՈbbő †ou†l=ou|_;o-u7;;ঞm]bvlou;|_-mƔƏѷo= bu;1|ouv-m7lou;|_-m_-Ѵ=|_;t†ou†l

|o1olrubv;omŊŠ;1†ঞˆ; bu;1|ouv
$_bvu;t†bu;l;m|bvv|ub1|Ѵ‹o0v;uˆ;7-m7|_;-‚;m7-m1;o=|_;o-u7l;l0;uv-||_;l;;ঞm]v Complied
=ou|_;‹;-uƑƏƐѶ;ˆb7;m1bm]1olrѴb-m1;‰b|_|_;u;t†bu;l;m|ĺ
Őƒƕő ƒŐƑőՈbbbő 7;mঞ=‹m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouvbm1oll†mb1-ঞomv-m77bv1Ѵov;|_;1-|;]oub;v
o= bu;1|ouvbmmm†-Ѵ!;rou|
$_;m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv-u;;Šru;vvѴ‹b7;mঞC;7-vv†1_bm-ѴѴ1ourou-|; Complied
1oll†mb1-ঞomv|_-|7bv1Ѵov;|_;m-l;vo= bu;1|ouvo=|_;-mhĺ$_;1olrovbঞomo=|_;
o-u7ķ0‹1-|;]ou‹o= bu;1|ouvķbm1Ѵ†7bm]|_;m-l;vo=|_;_-bul-mķŠ;1†ঞˆ; bu;1|ouvķomŊ
Š;1†ঞˆ; bu;1|ouv-m7m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv-u;]bˆ;momr-];ƐƑѵo=|_;
ourou-|;oˆ;um-m1;!;rou|ĺ
ŐƒѶő ƒŐƑőŐbŠő "†11;vvbomrѴ-mmbm]-m7-rrobm|l;m|v|o|_;o-u7
$_;o-u7_-v;v|-0Ѵbv_;7-o-u7olbm-ঞomollb‚;;ķ‰_ov;$;ulvo=!;=;u;m1;1olrѴ‹ Complied
‰b|_|_;o7;o=;v|u-1ঞ1;omourou-|;oˆ;um-m1;ƑƏƐƕ-m7|_;-mhbm]1| bu;1ঞom
oĺƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1;=oub1;mv;7oll;u1b-Ѵ-mhvbvv†;70‹|_;
"Ő$_;" bu;1ঞomőĺ11ou7bm]Ѵ‹ķm;‰ bu;1|ouvbm1Ѵ†7bm]|_;Š;1†ঞˆ; bu;1|ouv-u;
-rrobm|;70‹|_;o-u7†rom1omvb7;u-ঞomo=u;1oll;m7-ঞomv0‹|_;o-u7olbm-ঞom
ollb‚;;ĺ
ŐƒƖő ƒŐƑőՊő Ѵ;1ঞomo= bu;1|ouvCѴѴbm]1-v†-Ѵˆ-1-m1b;v
m-11ou7-m1;‰b|_|_;ruoˆbvbomvbm|_;uঞ1Ѵ;vo=vvo1b-ঞom-m7|_;" bu;1ঞomķ Complied
bu;1|ouv-rrobm|;7|o|_;o-u7-[;u|_;Ѵ-v|‰bѴѴv|-m7=ou;Ѵ;1ঞom0‹|_;v_-u;_oѴ7;uv
-||_;ˆ;u‹m;Š|ĺ

u bѴbr7;")bf;‹;u-|m;ķ‰_o‰-v-rrobm|;7|o|_;o-u7‰ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶ‰bѴѴv|-m7=ou
;Ѵ;1ঞom0‹v_-u;_oѴ7;uv-||_;|o0;_;Ѵ7omƑƖ|_-u1_ƑƏƐƖĺ
ŐƓƏő ƒŐƑőՊbő oll†mb1-ঞomo=u;-vomv=ouu;loˆ-Ѵouu;vb]m-ঞomo= bu;1|ou
!;vb]m-ঞomvo= bu;1|ouv-m7|_;u;-vomv=ouv-l;-u;bm=oul;7|o|_;u;]†Ѵ-|ou‹-†|_oubঞ;v Complied
-m7v_-u;_oѴ7;uv-vr;u"u;t†bu;l;m|v-m7|_;u;t†bu;l;m|vo=|_;olr-mb;v1|oĺƏƕ
o=ƑƏƏƕ|o];|_;u‰b|_-v|-|;l;m|1omCulbm]‰_;|_;uoumo||_;u;-u;-m‹l-‚;uv|_-|m;;7
|o0;0uo†]_||o|_;-‚;mঞomo=v_-u;_oѴ7;uvĺ

ou;vb]m-ঞomvouu;ঞu;l;m|vo= bu;1|ouvo11†uu;77†ubm]|_;‹;-uƑƏƐѶĺ
ŐƓƐő ƒŐƑőՊbbő uo_b0bঞomo= bu;1|ouvou;lrѴo‹;;vo=-0-mh0;1olbm]- bu;1|ou-|-mo|_;u0-mh
$_;o-u7-m7|_;o-u7olbm-ঞomollb‚;;|-h;bm|o-11o†m||_bvu;t†bu;l;m|bm|_;bu Complied
7;Ѵb0;u-ঞomv‰_;m1omvb7;ubm]-rrobm|l;m|vo= bu;1|ouvĺ$_;lrѴo‹;;o7;o=om7†1|
ruo_b0b|v;lrѴo‹;;v|o0;;Ѵ;1|;7ņmolbm-|;7-v- bu;1|ouo=-mo|_;u0-mhĺ

162 SAMPATH BANK PLC Annual Report 2018

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" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ƒŐƒő ub|;ub-|ovv;vv b|m;vv-m7uorub;|‹o= bu;1|ouv

ŐƓƑő ƒŐƒőŐbő ];o= bu;1|ouv_o†Ѵ7mo|;Š1;;7ƕƏ‹;-uv
om;o=|_; bu;1|ouvu;-1_;7|_;-];o=v;ˆ;m|‹‹;-uv7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺ Complied
ŐƓƒő ƒŐƒőŐbbő bu;1|ouvv_o†Ѵ7mo|_oѴ7 bu;1|ouv_brvo=lou;|_-mƑƏolr-mb;v
om;o=|_; bu;1|ouv_;Ѵ7oL1;-v-7bu;1|oubmlou;|_-mƑƏ1olr-mb;v7†ubm]ƑƏƐѶĺ Complied
ƒŐƓő -m-];l;m| †m1ঞomv ;Ѵ;]-|;70‹|_;o-u7
ŐƓƓő ƒŐƓőŐbő &m7;uv|-m7-m7v|†7‹7;Ѵ;]-ঞom-uu-m];l;m|v Complied

$_;o-u71omv1bo†vѴ‹7;Ѵ;]-|;v-†|_oub|‹|or;u=oul7b@;u;m|=†m1ঞomv-vb|7;;lvC||o
-rruorub-|;oL1;uvĺ
ŐƓƔő ƒŐƓőŐbbő Š|;m|o=7;Ѵ;]-ঞomv_o†Ѵ7mo|_bm7;uo-u7Ľv-0bѴb|‹|o7bv1_-u];b|v=†m1ঞomv
$_;o-u77;Ѵ;]-|;v-†|_oub|‹|o-m-];l;m||o1-uu‹o†|1;u|-bm7†ঞ;v=uolঞl;|oঞl; Complied
‰b|_bm|_;ruoˆbvbomvo=|_;-mhĽv;lou-m7†l-m7uঞ1Ѵ;vo=vvo1b-ঞomĺ$_;l-m-];l;m|ķ
‰_o1-uu‹o†|7†ঞ;vom0;_-Ѵ=o=|_;o-u7†m7;u|_;-†|_oubঞ;v7;Ѵ;]-|;7|o|_;lķu;rou||o
|_;o-u7u;]†Ѵ-uѴ‹oml-‚;uv-‚;m7;7|o0‹|_;lĺ
ŐƓѵő ƒŐƓőŐbbbő !;ˆb;‰7;Ѵ;]-ঞom-uu-m];l;m|vr;ubo7b1-ѴѴ‹|o;mv†u;u;Ѵ;ˆ-m1;|oor;u-ঞomvo=|_;-mh
$_;o-u7r;ubo7b1-ѴѴ‹u;ˆb;‰v-m7-rruoˆ;v|_;7;Ѵ;]-ঞom-uu-m];l;m|vbmrѴ-1;-m7;mv†u;v Complied
|_-||_;;Š|;m|o=7;Ѵ;]-ঞom-77u;vv;v|_;m;;7vo=|_;-mh‰_bѴv|;m-0Ѵbm]|_;o-u7|o
7bv1_-u];|_;bu=†m1ঞomv;@;1ঞˆ;Ѵ‹ĺ
ƒŐƔő $_;_-bul-m-m7_b;=Š;1†ঞˆ;L1;uņ-m-]bm] bu;1|ou
ŐƓƕő ƒŐƔőŐbő ";r-u-ঞomo=uoѴ;v
$_;uoѴ;vo=|_;_-bul-m-m7ņ -u;v;r-u-|;-m7|_;buu;vr;1ঞˆ;7†ঞ;v-u; Complied
7o1†l;m|;7ķ-m7-rruoˆ;70‹|_;o-u7ĺ
ŐƓѶő ƒŐƔőŐbbő omŊŠ;1†ঞˆ;_-bul-m-m7-rrobm|l;m|o=-";mboum7;r;m7;m| bu;1|ou
$_;_-bul-mbv-omŊŠ;1†ঞˆ; bu;1|ou0†|mo|-mm7;r;m7;m| bu;1|ou-v_;bv-Ѵvo- Complied
bu;1|ouo=-=†ѴѴ‹Ŋo‰m;7v†0vb7b-u‹o=|_;-mh-v‰;ѴѴ-v0;bm]- bu;1|ouo=-mo|_;uolr-m‹
bm‰_b1_-mo|_;u bu;1|ouŐu!†v_-mh-"bѴˆ-őbv-Ѵvo-l;l0;uĺ$_;o-u7_-v-rrobm|;7u
"-mfbˆ-";m-m-‹-h;-v";mboum7;r;m7;m| bu;1|ou‰b|_-rruorub-|;$;ulvo=!;=;u;m1;|o
;mv†u;|_;bm7;r;m7;m|;Ѵ;l;m|bm7;1bvboml-hbm]‰_b1__-v0;;m7bv1Ѵov;7bm|_;mm†-Ѵ
!;rou|ĺ
ŐƓƖő ƒŐƔőŐbbbő bv1Ѵov†u;o=|_;b7;mঞ|‹o=|_;_-bul-m-m7ņ -m7-m‹u;Ѵ-ঞomv_brv‰b|_|_;o-u7
;l0;uv
$_;b7;mঞ|‹o=|_;_-bul-m-m7ņ -u;7bv1Ѵov;7bm|_;mm†-Ѵ!;rou|omr-];vƐѵ|o Complied
ƑƐ-m7|_;u;-u;l-m‹u;=;u;m1;v|o|_;v;uoѴ;v|_uo†]_o†|ĺ

$_;_-bul-m-m7om;omŊŠ;1†ঞˆ;ķomŊm7;r;m7;m| bu;1|ou-u;ollom bu;1|ouvom

|_;0o-u7o=-mo|_;uolr-m‹ĺ

$‰oo=|_;o|_;uomŊŠ;1†ঞˆ;omŊm7;r;m7;m| bu;1|ouv-u;-Ѵvo1ollom bu;1|ouvom|_;

o-u7o=-mo|_;uolr-m‹ĺ

"-l;-m7;Š1;r|=ou|_;bu0†vbm;vvu;Ѵ-ঞomv_br-0oˆ;ķ|_;u;bvmol-|;ub-ѴCm-m1b-Ѵķ0†vbm;vv Complied
ou=-lbѴ‹u;Ѵ-ঞomv_brv0;|‰;;m|_;_-bul-mķņ -m7o|_;ul;l0;uvo=|_;o-u7o|_;u
|_-m|_ov;7bv1Ѵov;7omr-];vƐѵ|oƑƐ-m7bmo|;oĺƓƕ|o|_; bm-m1b-Ѵ"|-|;l;m|v]bˆ;m
omr-];vƒƏѶ|oƒƐƑ-vr;u-mm†-Ѵ7;1Ѵ-u-ঞomv-m7|_;u;]bv|;uo= bu;1|ouvŝm|;u;v|v‰_b1_bv
†r7-|;7u;]†Ѵ-uѴ‹ĺ

SAMPATH SIMPLIFIED 163

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƔƏő ƒŐƔőŐbˆő _-bul-m|oĹŐ-őuoˆb7;Ѵ;-7;uv_br|o|_;o-u7ĸŐ0őmv†u;|_-||_;o-u7‰ouhv;@;1ঞˆ;Ѵ‹

-m77bv1_-u];vb|vu;vromvb0bѴbঞ;vĸŐ1őmv†u;|_-|-ѴѴh;‹-m7-rruorub-|;bvv†;v-u;7bv1†vv;7
0‹|_;o-u7bm-ঞl;Ѵ‹l-mm;uĺ
$_;o-u7-rruoˆ;7|_;h;‹u;vromvb0bѴbঞ;vo=|_;_-bul-m-m7|_bv7o1†l;m|bm1Ѵ†7;v|_; Complied
l-‚;uvb7;mঞC;7bmu;Ѵ;ˆ-m|]†b7;Ѵbm;v-m71o7;vĺ$_;v;Ѵ=Ŋ;ˆ-Ѵ†-ঞomruo1;vv;ˆb7;m1;v|_-|
|_;_-bul-mruoˆb7;vѴ;-7;uv_br|o|_;o-u7ķ|_;o-u7‰ouhv;@;1ঞˆ;Ѵ‹-m77bv1_-u];vb|v
u;vromvb0bѴbঞ;v-m7-ѴѴh;‹-m7-rruorub-|;bvv†;v-u;7bv1†vv;70‹|_;o-u7bm-ঞl;Ѵ‹l-mm;uĺ
ŐƔƐő ƒŐƔőՈő !;vromvb0bѴb|‹=ou];m7-Ѵb;v‰b|__-bul-m0†|l-‹0;7;Ѵ;]-|;7|o|_;olr-m‹";1u;|-u‹
$_;olr-m‹";1u;|-u‹7u-‰v†r|_;-];m7-=ou|_;l;;ঞm]vbm1omv†Ѵ|-ঞom‰b|_|_; Complied
_-bul-mĺ
ŐƔƑő ƒŐƔőՈbő mv†u;|_-| bu;1|ouv-u;ruor;uѴ‹0ub;=;7-m7ruoˆb7;7‰b|_-7;t†-|;bm=oul-ঞom
$_;_-bul-m;mv†u;v|_-||_;o-u7bv-7;t†-|;Ѵ‹0ub;=;7-m7bm=oul;7u;]-u7bm]|_;l-‚;uv Complied
-ubvbm]-|o-u7l;;ঞm]vĺ$_;=oѴѴo‰bm]ruo1;7†u;v-u;bmrѴ-1;|o;mv†u;|_bvĹ

y];m7--m7o-u7r-r;uv-u;1bu1†Ѵ-|;7ƕ7-‹vrubou|oo-u7;;ঞm]vķ];m;u-ѴѴ‹ĺ

y!;Ѵ;ˆ-m|l;l0;uvo=|_;-m-];l;m||;-l-u;-ˆ-bѴ-0Ѵ;=ou;ŠrѴ-m-ঞomv-m71Ѵ-ubC1-ঞomvb=
u;t†bu;7ĺ

y-m-];l;m|bm=oul-ঞombvruoˆb7;7bm-]u;;7=oul-|vom-u;]†Ѵ-u0-vbv|o;m-0Ѵ; bu;1|ouv
|o-vv;vv|_;r;u=oul-m1;-m7v|-0bѴb|‹o=|_;-mhĺ
ŐƔƒő ƒŐƔőՈbbő m1o†u-];-1ঞˆ;r-uঞ1br-ঞom0‹-ѴѴ bu;1|ouv-m7Ѵ;-7bm-1ঞm]bm|_;bm|;u;v|vo=|_;-mhĺ
$_;o-u7;m1o†u-];v-ѴѴ bu;1|ouv|ol-h;-=†ѴѴ-m7-1ঞˆ;1om|ub0†ঞomĺ$_bvbv;ˆb7;m|=uol Complied
|_;u;vromv;vbm|_;v;Ѵ=Ŋ;ˆ-Ѵ†-ঞom=oulvv†0lb‚;70‹;-1_ bu;1|ou-||_;‹;-u;m7ĺ
ŐƔƓő ƒŐƔőՈbbbő m1o†u-];r-uঞ1br-ঞomo=omŊŠ;1†ঞˆ; bu;1|ouv-m7u;Ѵ-ঞomv_brv0;|‰;;momŊŠ;1†ঞˆ;
-m7Š;1†ঞˆ; bu;1|ouv
ƐƏo†|o=|_;ƐƐl;l0;uvo=|_;o-u7-u;omŊŠ;1†ঞˆ; bu;1|ouvķ1u;-ঞm]-1om7†1bˆ; Complied
;mˆbuoml;m|=ou-1ঞˆ;r-uঞ1br-ঞom0‹|_;omŊŠ;1†ঞˆ; bu;1|ouvĺѴѴomŊŠ;1†ঞˆ;
bu;1|ouvr-uঞ1br-|;bm"†0ollb‚;;vo=|_;o-u7ķ;mv†ubm]=†u|_;uorrou|†mb|‹=ou-1ঞˆ;
r-uঞ1br-ঞomĺ$_;-mh_-v-Ѵvo-rrobm|;7-";mboum7;r;m7;m| bu;1|ou‰_b1_=†u|_;u
v†rrou|v|_;r-uঞ1br-ঞom-m7v|u;m]|_;mvˆb;‰vo=|_;omŊŠ;1†ঞˆ; bu;1|ouvĺ$_;Š;1†ঞˆ;
-m7omŊŠ;1†ঞˆ; bu;1|ouv-1ঞˆ;Ѵ‹r-uঞ1br-|;-|o-u7;;ঞm]vĺ
ŐƔƔő ƒŐƔőŐbŠő !;=u-bm=uol7bu;1|v†r;uˆbvbomo=;‹-m-];l;m|;uvomm;Ѵ-m7;Š;1†ঞˆ;7†ঞ;v
$_;_-bul-m7o;vmo|];|bmˆoѴˆ;7bm|_;v†r;uˆbvbomo=vou-m‹o|_;u;Š;1†ঞˆ;7†ঞ;vĺ Complied
ŐƔѵő ƒŐƔőՊő mv†u;;@;1ঞˆ;1oll†mb1-ঞom‰b|_"_-u;_oѴ7;uv
$_;-mh_bv|oub1-ѴѴ‹_-v-1ঞˆ;v_-u;_oѴ7;ur-uঞ1br-ঞom-|b|v;m;u-Ѵ;;ঞm]v-m7-||_; Complied
"_-u;_oѴ7;u!;Ѵ-ঞomv ou†l‰_b1_bv_;Ѵ7bll;7b-|;Ѵ‹=oѴѴo‰bm]|_;‰_;u;v_-u;_oѴ7;u
bvv†;v-u;7bv1†vv;7ĺo-u7"†0ollb‚;;_-v0;;m-rrobm|;7|o;mv†u;|_-||_;u;bv
;@;1ঞˆ;1oll†mb1-ঞom‰b|_v_-u;_oѴ7;uvĺ
ŐƔƕő ƒŐƔőՊbő ņ =†m1ঞomv-v|_;-r;Š;Š;1†ঞˆ;bm1_-u];o=|_;7-‹Ŋ|oŊ7-‹or;u-ঞomv
$_;u;vromvb0bѴb|‹o=7-‹Ŋ|oŊ7-‹or;u-ঞomvo=|_;-mh_-ˆ;0;;m7;Ѵ;]-|;7|o|_;ņ ĺ Complied

164 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ƒŐѵő o-u7rrobm|;7ollb‚;;vŐ|_;ollb‚;;ő
ŐƔѶő ƒŐѵőŐbő v|-0Ѵbv_bm]o-u7"†0ollb‚;;vķ|_;bu=†m1ঞomv-m7u;rouঞm]
ƐƑo-u7"†0ollb‚;;v_-ˆ;0;;m;v|-0Ѵbv_;70‹|_;o-u7‰b|_oˆ;uvb]_|0‹|_;u;vr;1ঞˆ; Complied
_-bur;uvomv-m7‰ub‚;m$;ulvo=!;=;u;m1;=ou;-1_ĺ$_;olr-m‹";1u;|-u‹v;uˆ;v-v
|_;";1u;|-u‹|o-ѴѴ"†0ollb‚;;v-m7l-bm|-bmvbm†|;v-m7u;1ou7vĺ$_;u;rou|vo=|_;
=oѴѴo‰bm]-m7-|ou‹"†0ollb‚;;v-u;bm1Ѵ†7;7bm|_;mm†-Ѵ!;rou|Ĺ

y o-u7†7b|ollb‚;;omr-];vƐƕѵ|oƐƕѶĺ

y o-u7†l-m!;vo†u1;vş!;l†m;u-ঞomollb‚;;omr-];vƐƕƖşƐѶƏĺ

y o-u7olbm-ঞomollb‚;;omr-];ƐѶƐĺ

y o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;omr-];vƐѶƑşƐѶƒĺ

y o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;omr-];ƐѶƓĺ

$_;_-bur;uvomvo=|_;"†0ollb‚;;v-u;ru;v;m|-||_;|o1Ѵ-ub=‹-m‹l-‚;uv|_-|
l-‹0;u;=;uu;7|o|_;l0‹|_;_-bul-mĺ

ƒŐѵőŐbbő o-u7†7b|ollb‚;;Őő
ŐƔƖő ƒŐѵőŐbbőŐ-ő _-bul-m|o0;-mm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ou‰b|_t†-ѴbC1-ঞomv-m7;Šr;ub;m1;bm
-11o†m|-m1‹-m7ņou-†7b|
$_;_-bul-mo=|_;o-u7†7b|ollb‚;;bv-mm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ou‰_obv Complied
- ;ѴѴo‰l;l0;uo=|_;_-u|;u;7mvঞ|†|;o=-m-];l;m|11o†m|-m|vķ&ĺ
ŐѵƏő ƒŐѵőŐbbőŐ0ő ollb‚;;|o1olrubv;voѴ;Ѵ‹o=omŊŠ;1†ঞˆ; bu;1|ouv
ѴѴl;l0;uvo=|_;o-u7†7b|ollb‚;;‰;u;omŊŠ;1†ঞˆ;m7;r;m7;m| bu;1|ouv†mঞѴ Complied
ƐƑĺƐƐĺƑƏƐѶĺ)ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶķl-foub|‹o=l;l0;uvo=|_;o-u7†7b|ollb‚;;-u;omŊ
Š;1†ঞˆ;m7;r;m7;m| bu;1|ouvĺ
ŐѵƐő ƒŐѵőŐbbőŐ1ő †m1ঞomvo=|_;o-u7†7b|ollb‚;;
m-11ou7-m1;‰b|_|_;$;ulvo=!;=;u;m1;ķ|_;o-u7†7b|ollb‚;;_-vl-7;|_;=oѴѴo‰bm] Complied
u;1oll;m7-ঞomvoml-‚;uvbm1omm;1ঞom‰b|_Ĺ

y$_;-rrobm|l;m|o=|_;Š|;um-Ѵ†7b|ou=ou-†7b|v;uˆb1;v|o0;ruoˆb7;7bm1olrѴb-m1;‰b|_
|_;u;Ѵ;ˆ-m|v|-|†|;vĸ

y$_;blrѴ;l;m|-ঞomo=|_;;m|u-Ѵ-mh]†b7;Ѵbm;vbvv†;7|o†7b|ouv=uolঞl;|oঞl;ĸ

y$_;-rrѴb1-ঞomo=|_;u;Ѵ;ˆ-m|-11o†mঞm]v|-m7-u7vķbm1Ѵ†7bm]" !"Ɩ-m7" !"ƐƔĸ-m7

y$_;v;uˆb1;r;ubo7ķ-†7b|=;;-m7-m‹u;vb]m-ঞomou7bvlbvv-Ѵo=|_;†7b|ouvĺ

$_;o-u7†7b|ollb‚;;;mv†u;v|_-||_;v;uˆb1;r;ubo7o=|_;;m]-];l;m|o=|_;Š|;um-Ѵ
†7b|r-u|m;uv_-ѴѴmo|;Š1;;7Cˆ;‹;-uvķ-m7|_-||_;r-uঞ1†Ѵ-u†7b|r-u|m;ubvmo|u;Ŋ;m]-];7
=ou|_;-†7b|0;=ou;|_;;Šrbu‹o=|_u;;‹;-uv=uol|_;7-|;o=|_;1olrѴ;ঞomo=|_;ru;ˆbo†v
|;ulĺ
ŐѵƑő ƒŐѵőŐbbőŐ7ő !;ˆb;‰-m7lomb|ouŠ|;um-Ѵ†7b|ouvĽbm7;r;m7;m1;-m7o0f;1ঞˆb|‹-m7|_;;@;1ঞˆ;m;vvo=
|_;-†7b|ruo1;vv;v
$_;o-u7†7b|ollb‚;;Őőo0|-bmvu;ru;v;m|-ঞomv=uol|_;Š|;um-Ѵ†7b|ouvom|_;bu Complied
bm7;r;m7;m1;-m7|_-||_;-†7b|bv1-uub;7o†|bm-11ou7-m1;‰b|_|_;-rrѴb1-0Ѵ;v|-m7-u7v-m7
0;v|ru-1ঞ1;vĺ

SAMPATH SIMPLIFIED 165

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

Őѵƒő ƒŐѵőŐbbőŐ;ő uoˆbvbomo=momŊ-†7b|v;uˆb1;v0‹Š|;um-Ѵ†7b|ouv

o-u7-rruoˆ;7roѴb1‹bvbmrѴ-1;-rruoˆ;70‹|_;o-u7bm|_bvu;]-u7ĺ)_;mv†1_v;uˆb1;v Complied
-u;bm|;m7;7|o0;o0|-bm;7=uolŠ|;um-Ѵ†7b|ouvķrubou-rruoˆ-Ѵbvo0|-bm;7=uol|_;o-u7
†7b|ollb‚;;bm-11ou7-m1;‰b|_u;]†Ѵ-ঞomvĺ
ŐѵƓő ƒŐѵőŐbbőŐ=ő ;|;ulbm;vv1or;o=-†7b|
$_;o-u7†7b|ollb‚;;7bv1†vv;7-m7Cm-Ѵbv;7‰b|_|_;Š|;um-Ѵ†7b|ouvķ|_;m-|†u;-m7 Complied
v1or;o=|_;-†7b||o;mv†u;|_-|b|bm1Ѵ†7;vĹ
ym-vv;vvl;m|o=|_;-mhĽv1olrѴb-m1;‰b|_|_;u;Ѵ;ˆ-m| bu;1ঞomvbmu;Ѵ-ঞom|oourou-|;
oˆ;um-m1;-m7m|;um-Ѵom|uoѴvˆ;u bm-m1b-Ѵ!;rouঞm]ĸ

y$_;ru;r-u-ঞomo=Cm-m1b-Ѵv|-|;l;m|v=ou;Š|;um-Ѵr†urov;vbm-11ou7-m1;‰b|_u;Ѵ;ˆ-m|
-11o†mঞm]rubm1brѴ;v-m7u;rouঞm]o0Ѵb]-ঞomvĸ

v-ѴѴ-†7b|v‰b|_bm|_;]uo†r-u;1-uub;7o†|0‹|_;v-l;Š|;um-Ѵ†7b|ouķ|_;u;‰-vmo
u;t†bu;l;m||o7bv1†vv-uu-m];l;m|v=ou1oou7bm-ঞm]-1ঞˆbঞ;v‰b|_o|_;u-†7b|ouvĺ

ŐѵƔő ƒŐѵőŐbbőŐ]ő !;ˆb;‰Cm-m1b-Ѵbm=oul-ঞomo=|_;-mh

$_;o-u7†7b|ollb‚;;u;ˆb;‰v|_;Cm-m1b-Ѵbm=oul-ঞomo=|_;-mhķbmou7;u|olomb|ou Complied
|_;bm|;]ub|‹o=b|v bm-m1b-Ѵ"|-|;l;m|vķmm†-Ѵ!;rou|ķ11o†m|v-m7 †-u|;uѴ‹!;rou|v
ru;r-u;7=ou7bv1Ѵov†u;ķ-m7|_;vb]mbC1-m|Cm-m1b-Ѵu;rouঞm]f†7]l;m|v1om|-bm;7|_;u;bmĺ$_;
u;ˆb;‰=o1†v;vom|_;=oѴѴo‰bm]Ĺ

y-fouf†7];l;m|-Ѵ-u;-v

ym‹1_-m];vbm-11o†mঞm]roѴb1b;v-m7ru-1ঞ1;v

y"b]mbC1-m|-7f†v|l;m|v-ubvbm]=uol|_;-†7b|

y$_;]obm]1om1;um-vv†lrঞom

y$_;1olrѴb-m1;‰b|_u;Ѵ;ˆ-m|-11o†mঞm]v|-m7-u7v-m7o|_;uѴ;]-Ѵu;t†bu;l;m|vĺ

$_;o-u7†7b|ollb‚;;l-h;vu;1oll;m7-ঞomv|o|_;o-u7om|_;-0oˆ;om-t†-u|;uѴ‹
0-vbvĺ
Őѵѵő ƒŐѵőŐbbőŐ_ő bv1†vvbomv‰b|_Š|;um-Ѵ†7b|ou‰b|_o†||_;Š;1†ঞˆ;-m-];l;m|ombm|;ubl-m7Cm-Ѵ
-†7b|v
$_;o-u7†7b|ollb‚;;7bv1†vv;vbvv†;vķruo0Ѵ;lv-m7u;v;uˆ-ঞomvŐb=-m‹ő-ubvbm]=uol|_; Complied
bm|;ubl-m7Cm-Ѵ-†7b|v‰b|_|_;Š|;um-Ѵ†7b|ouvĺ$_bvollb‚;;l;||_;Š|;um-Ѵ†7b|ouvbm
|_;-0v;m1;o=;Š;1†ঞˆ;l-m-];l;m|o=|_;-mhomƏƑo11-vbomv7†ubm]|_;‹;-uƑƏƐѶĺ
Őѵƕő ƒŐѵőŐbbőŐbő !;ˆb;‰o=l-m-];l;m|Ѵ;‚;u-m7-mhĽvu;vromv;
$_;o-u7†7b|ollb‚;;_-vu;ˆb;‰;7|_;Š|;um-Ѵ†7b|ouvŝ-m-];l;m|;‚;u-m7|_; Complied
-m-];l;m|ŝvu;vromv;v|_;u;|oĺ

166 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐѵѶő ƒŐѵőŐbbőŐfő !;ˆb;‰o=m|;um-Ѵ†7b|=†m1ঞom

$_;o-u7†7b|ollb‚;;_-voˆ;uvb]_|o=|_;m|;um-Ѵ†7b|=†m1ঞom-m7_-v|_;=oѴѴo‰bm] Complied
u;vromvb0bѴbঞ;v‰b|_u;]-u7|o|_;v-l;Ĺ

y!;ˆb;‰o=|_;-7;t†-1‹o=|_;v1or;ķ=†m1ঞomv-m7u;vo†u1;vo=|_;m|;um-Ѵ†7b|
;r-u|l;m|ķ-m7;mv†u;v|_-||_; ;r-u|l;m|_-v|_;m;1;vv-u‹-†|_oub|‹|o1-uu‹o†|b|v
‰ouhĸ

y!;ˆb;‰bm]|_;m|;um-Ѵ†7b|ruo]u-ll;-m7u;v†Ѵ|vo=|_;-†7b|v-m7;mv†u;v|_-|
-rruorub-|;-1ঞomv-u;|-h;mom|_;u;1oll;m7-ঞomvo=|_;m|;um-Ѵ†7b| ;r-u|l;m|ĸ

y!;ˆb;‰bm]-rru-bv-Ѵvo=|_;r;u=oul-m1;o=|_;;-7-m7v;mbouv|-@l;l0;uvo=|_;
m|;um-Ѵ†7b| ;r-u|l;m|ĸ

y!;1oll;m7bm]-m‹-rrobm|l;m|ou|;ulbm-ঞomo=|_;;-7-m7v;mbouv|-@l;l0;uvo=|_;
m|;um-Ѵ†7b| ;r-u|l;m|ĸ

ymv†ubm]|_-||_;o-u7†7b|ollb‚;;bv-rrubv;7o=u;vb]m-ঞomvo=v;mbouv|-@l;l0;uv
o=|_;m|;um-Ѵ†7b| ;r-u|l;m|bm1Ѵ†7bm]|_;_b;=m|;um-Ѵ†7b|ouķ-m7ruoˆb7;v-m
orrou|†mb|‹|o|_;u;vb]mbm]v;mbouv|-@l;l0;uv|ov†0lb|u;-vomv=ouu;vb]mbm]ĸ

ymv†ubm]|_-||_;m|;um-Ѵ†7b|=†m1ঞombvbm7;r;m7;m|o=o|_;u-1ঞˆbঞ;vb|-†7b|v-m7|_-|
b|bvr;u=oul;7‰b|_blr-uঞ-Ѵb|‹ķruoC1b;m1‹-m77†;ruo=;vvbom-Ѵ1-u;ĺ
ŐѵƖő ƒŐѵőŐbbőŐhő m|;um-Ѵbmˆ;vঞ]-ঞomv
$_;o-u7†7b|ollb‚;;_-vu;ˆb;‰;7|_;l-fouCm7bm]vo=bm|;um-Ѵbmˆ;vঞ]-ঞomv7†ubm] Complied
|_;‹;-u-m7l-m-];l;m|Ľvu;vromv;v|_;u;|oĺ|_-v-Ѵvo;mv†u;7|_-||_;u;1oll;m7-ঞomvo=
v†1_bmˆ;vঞ]-ঞomv-u;blrѴ;l;m|;7ĺ

ŐƕƏő ƒŐѵőŐbbőŐѴő ‚;m7;;v-|l;;ঞm]vo=|_;o-u7†7b|ollb‚;;

$_;omv†Ѵ|-m||o|_;o-u7†7b|ollb‚;;ķņ ķuo†r_b;= bm-m1b-ѴL1;uķ_b;= Complied
m|;um-Ѵ†7b|ouķ_b;=-m-];uŊ"‹v|;lv†7b|-m7u;ru;v;m|-ঞˆ;vo=|_;Š|;um-Ѵ†7b|ouv
†v†-ѴѴ‹-‚;m7l;;ঞm]vĺ|_;uo-u7l;l0;uvl-‹-Ѵvo-‚;m7l;;ঞm]v†rom|_;bmˆb|-ঞomo=
|_;o-u7†7b|ollb‚;;ĺ$_;o-u7†7b|ollb‚;;l;||_;Š|;um-Ѵ†7b|ouv‰b|_o†||_;
Š;1†ঞˆ; bu;1|ouv0;bm]ru;v;m|bm|;ulvo=|_;ourou-|;oˆ;um-m1;o7;ĺ
ŐƕƐő ƒŐѵőŐbbőŐlő ŠrѴb1b|-†|_oub|‹ķu;vo†u1;v-m7-11;vv|obm=oul-ঞom
$_;o-u7†7b|ollb‚;;_-vĹ Complied

y;ŠrѴb1b|-†|_oub|‹|obmˆ;vঞ]-|;bm|o-m‹l-‚;u‰b|_bmb|v|;ulvo=u;=;u;m1;ĸ

y|_;u;vo†u1;v‰_b1_b|m;;7v|o7ovoĸ

y=†ѴѴ-11;vv|obm=oul-ঞomĸ-m7

y-†|_oub|‹|oo0|-bm;Š|;um-Ѵruo=;vvbom-Ѵ-7ˆb1;-m7|obmˆb|;o†|vb7;uv‰b|_u;Ѵ;ˆ-m|
;Šr;ub;m1;|o-‚;m7ķb=m;1;vv-u‹ĺ

SAMPATH SIMPLIFIED 167

CORPORATE GOVERNANCE

GRIƐƏƑŊƒƒ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƕƑő ƒŐѵőŐbbőŐmő !;]†Ѵ-ul;;ঞm]v

$_;o-u7†7b|ollb‚;;_-vv1_;7†Ѵ;7u;]†Ѵ-ut†-u|;uѴ‹l;;ঞm]vĺ77bঞom-Ѵl;;ঞm]v Complied
-u;v1_;7†Ѵ;7‰_;mu;t†bu;7ĺ11ou7bm]Ѵ‹ķ|_;o-u7†7b|ollb‚;;l;|ƐƏঞl;v7†ubm]
|_;‹;-uĺ$_bv;Š1Ѵ†7;v|_;l;;ঞm]vo=|_;o-u7†7b|ollb‚;;‰b|_|_;Š|;um-Ѵ†7b|ouv
-m7|_;l;;ঞm]vo=|_;ollb‚;;‰b|_|_;m|;um-Ѵ†7b|ouvĺ;l0;uvo=|_;o-u7
†7b|ollb‚;;-u;v;uˆ;7‰b|_7†;moঞ1;o=bvv†;v|o0;7bv1†vv;7-m7|_;1om1Ѵ†vbomv
bm7bv1_-u]bm]b|v7†ঞ;v-m7u;vromvb0bѴbঞ;v-u;u;1ou7;7bm|_;bm†|;vo=|_;l;;ঞm]v
l-bm|-bm;70‹|_;olr-m‹";1u;|-u‹ĺ
Őƕƒő ƒŐѵőŐbbőŐoő bv1Ѵov†u;bmmm†-Ѵ!;rou|
$_;!;rou|o=|_;o-u7†7b|ollb‚;;bv]bˆ;momr-];vƐƕѵ|oƐƕѶĺ$_;u;rou|bm1Ѵ†7;v|_; Complied
=oѴѴo‰bm]Ĺ

y ;|-bѴvo=|_;-1ঞˆbঞ;vo=|_;o-u7†7b|ollb‚;;ĸ

y$_;m†l0;uo=o-u7†7b|ollb‚;;l;;ঞm]v_;Ѵ7bm|_;‹;-uĸ-m7

;|-bѴvo=-‚;m7-m1;o=;-1_bm7bˆb7†-Ѵ bu;1|ou-|v†1_l;;ঞm]vbv]bˆ;momr-];ƐƑѵĺ
ŐƕƓő ƒŐѵőŐbbőŐrő -bm|-bmlbm†|;vo=l;;ঞm]v
$_;olr-m‹";1u;|-u‹-m7ķbm_bv-0v;m1;ķ|_;_b;=m|;um-Ѵ†7b|ouv;uˆ;v-v|_;";1u;|-u‹ Complied
|o|_;o-u7†7b|ollb‚;;-m7l-bm|-bmvlbm†|;vo=|_;l;;ঞm]vo=|_;o-u7†7b|
ollb‚;;l;;ঞm]vĺ
ŐƕƔő ƒŐѵőŐbbőŐtő )_bv|Ѵ;Ѵo‰bm]oѴb1‹-m7u;Ѵ-ঞomv_br‰b|_Š|;um-Ѵ†7b|ou
$_;-mh_-v-o-u7-rruoˆ;7)_bv|Ѵ;Ѵo‰bm]oѴb1‹‰_;u;Ŋ†m7;u-m;lrѴo‹;;o=|_;-mh Complied
l-‹ķbm1omC7;m1;ķu-bv;1om1;umv-0o†|rovvb0Ѵ;blruorub;ঞ;vbmCm-m1b-Ѵu;rouঞm]ķbm|;um-Ѵ
1om|uoѴouo|_;ul-‚;uvĺ$_;olr-m‹";1u;|-u‹=ou‰-u7v-ѴѴ1oll†mb1-ঞomvu;1;bˆ;7bm_bvņ
_;uoL1;bm|_bvu;]-u7ķbm1Ѵ†7bm]-mom‹lo†v1oll†mb1-ঞomvķ|o|_;_-bul-mo=|_;o-u7
†7b|ollb‚;;‰_o-77u;vv;v|_;bvv†;bm-m-rruorub-|;l-mm;uĺ$_bvoѴb1‹bv-mm†-ѴѴ‹
u;ˆb;‰;70‹|_;o-u7†7b|ollb‚;;-m7-rruoˆ;70‹|_;o-u7ĺ
$_;o-u7†7b|ollb‚;;bv|_;h;‹u;ru;v;m|-ঞˆ;0o7‹=ouoˆ;uv;;bm]|_;-mhĽvu;Ѵ-ঞomv Complied
‰b|_|_;Š|;um-Ѵ†7b|ouv-m7l;;|v|_;Š|;um-Ѵ†7b|ouvom-u;]†Ѵ-u0-vbv|o7bv1_-u];|_bv
=†m1ঞomĺ
ƒŐѵőŐbbbő o-u7†l-m!;vo†u1;v-m7!;l†m;u-ঞomollb‚;;Ő!ş!ő
Őƕѵ-ő ƒŐѵőŐbbbőŐ-ő oѴb1‹|o7;|;ulbm;|_;u;l†m;u-ঞomo= bu;1|ouvĺ
o-u7-rruoˆ;7oѴb1‹|o7;|;ulbm;|_; bu;1|ouvŝu;l†m;u-ঞombvbmrѴ-1;ĺ Complied

Őƕѵ0ő ƒŐѵőŐbbbőŐ-ő oѴb1‹|o7;|;ulbm;|_;u;l†m;u-ঞom=ouņ -m7v

o-u7-rruoˆ;7oѴb1‹om!;‰-u7-m-];l;m|=ouvbvbmrѴ-1;ĺ$_;|;ulŞ!;‰-u7 Complied
-m-];l;m|Şbm1Ѵ†7;vv-Ѵ-ub;v-m7o|_;uv|-@0;m;C|vo@;u;70‹|_;-mh-m7|_;bv
1omvb7;u;7-ĺ
Őƕƕő ƒŐѵőŐbbbőŐ0ő o-Ѵv-m7|-u];|v=ou|_; bu;1|ouvķ Ő|_;ő-m7v
o-Ѵv-m7|-u];|v=ou|_;ņ -m7|_;v=ou|_;‹;-uƑƏƐѶ-u;7o1†l;m|;7†m7;u|_; Complied
0f;1ঞˆ;";মm]=ou|_;‹;-u-rruoˆ;70‹|_;ollb‚;;ĺ$_; †ঞ;v-m7u;vromvb0bѴbঞ;vo=
|_;omŊŠ;1†ঞˆ; bu;1|ouv-u;1om|-bm;7bm|_;-mhĽvo7;o=om7†1|-m7|_;oˆ;um-m1;
!;t†bu;l;m|v=ou bu;1|ouv-m7|_;$;ulvo=!;=;u;m1;o=;-1_o-u7"†0ollb‚;;-rruoˆ;7
0‹|_;o-u7o= bu;1|ouvĺ

168 SAMPATH BANK PLC Annual Report 2018

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" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƕѶő ƒŐѵőŐbbbőŐ1ő ˆ-Ѵ†-ঞomo=|_;r;u=oul-m1;o=|_;ņ -m7v-]-bmv||_;v;||-u];|v-m7]o-Ѵvĺ

;u=oul-m1;;ˆ-Ѵ†-ঞomvo=|_;ņ -m7v=ou|_;‹;-u;m7;7ƒƐv| ;1;l0;uƑƏƐѶ Complied
‰bѴѴ0;u;ˆb;‰;70‹|_;ollb‚;;7†ubm]|_;Cuv|t†-u|;uo=ƑƏƐƖĺ
$_;r;u=oul-m1;;ˆ-Ѵ†-ঞomvo=|_;ņ -m7v=ou|_;‹;-u;m7;7ƑƏƐƕ‰;u;1-uub;7 Complied
o†|7†ubm]|_;Cuv|t†-u|;uo=ƑƏƐѶĺ

ŐƕƖő ƒŐѵőŐbbbőŐ7ő ľ$;ulvo=!;=;u;m1;Ŀruoˆb7;v|_-||_; bvmo|ru;v;m|-|l;;ঞm]v‰_;ml-‚;uvu;Ѵ-ঞm]|o

|_; -u;0;bm]7bv1†vv;7
$;ulvo=!;=;u;m1;o=|_;ollb‚;;ruoˆb7;v|_-||_;ņ v_o†Ѵ7mo|0;-l;l0;uo= Complied
|_;ollb‚;;ĺņ -‚;m7vl;;ঞm]vo=|_;ollb‚;;ombmˆb|-ঞom-m7‰_;ml-‚;uv
u;Ѵ-ঞm]|o_bl-u;7bv1†vv;7ķ_;bvmo|ru;v;m|ĺņ ‰-vmo|ru;v;m|‰_;ml-‚;uvu;Ѵ-ঞm]
|o_bl‰;u;7bv1†vv;77†ubm]|_;‹;-uĺ
ƒŐѵőŐbˆő o-u7olbm-ঞomollb‚;;Őő
ŐѶƏ-ő ƒŐѵőŐbˆőŐ-ő uo1;7†u;|o-rrobm| bu;1|ouv
$_;_-v7;ˆ;Ѵor;7-m7blrѴ;l;m|;7-o-u7-rruoˆ;7ruo1;7†u;|o-rrobm|m;‰ Complied
bu;1|ouvĺ
ŐѶƏ0ő ƒŐѵőŐbˆőŐ-ő uo1;7†u;|o-rrobm|-m7;‹-m-];l;m|;uvomm;Ѵ
o-u7-rruoˆ;7roѴb1‹|ov;Ѵ;1|ķmolbm-|;-m7-rrobm|ņ -m7vbvbmrѴ-1;ķ‰_b1_ Complied
bv0;bm]=oѴѴo‰;7ĺ
ŐѶƐő ƒŐѵőŐbˆőŐ0ő !;Ŋ;Ѵ;1ঞomo= bu;1|ouv
$_;l-h;vu;1oll;m7-ঞomvu;]-u7bm]|_;u;Ŋ;Ѵ;1ঞomo=1†uu;m| bu;1|ouv‰_ou;ঞu;0‹ Complied
uo|-ঞombm|;ulvo=uঞ1Ѵ;Ѷƕo=|_;-mhĽvuঞ1Ѵ;vo=vvo1b-ঞom|-hbm]bm|o-11o†m|ķinter-
-Ѳb-Ķ|_;r;u=oul-m1;-m71om|ub0†ঞoml-7;0‹|_; bu;1|ou1om1;um;7|o‰-u7v|_;oˆ;u-ѴѴ
7bv1_-u];o=|_;o-u7Ľvu;vromvb0bѴbঞ;v-m7|_;$;ulo=v;uˆb1;;-1_ bu;1|ou_-vruoˆb7;7|o
|_;-mhvbm1;_bvņ_;u-rrobm|l;m|ņu;Ŋ;Ѵ;1ঞomĺ
ŐѶƑő ƒŐѵőŐbˆőŐ1ő Ѵb]b0bѴb|‹1ub|;ub-=ou-rrobm|l;m|v|oh;‹l-m-];ub-Ѵrovbঞomvbm1Ѵ†7bm]|_;
$_;v;|v|_;;Ѵb]b0bѴb|‹1ub|;ub-|o0;1omvb7;u;7ķbm1Ѵ†7bm]t†-ѴbC1-ঞomvķ;Šr;ub;m1;-m7 Complied
h;‹-‚ub0†|;vķ=ou-rrobm|l;m|ouruoloঞom|oh;‹l-m-];ub-Ѵrovbঞomv-v‰;ѴѴ-v|_;rovbঞom
o=ņ ĺ$_;1omvb7;uv|_;-rrѴb1-0Ѵ;v|-|†|;v-m7]†b7;Ѵbm;vbmv;মm]|_;u;Ѵ;ˆ-m|
1ub|;ub-ĺ

$_;v;_-ˆ;0;;m7o1†l;m|;7-m7bm1Ѵ†7;7bm|_;o0 ;v1ubrঞomv1olrѴ;|;7=ou|_;ņ 

-m7vĺ
Ő83ő ƒŐѵőŐbˆőŐ7ő b|-m7ruor;u1ub|;ub-=ou bu;1|ouvķ-m7v
-mho0|-bmv7;1Ѵ-u-ঞomv-m7-L7-ˆb|v=uol bu;1|ouvķņ -m7v‰_b1_-u; Complied
v†0lb‚;7|o|_;"|oo0|-bm1om1†uu;m1;o="|_-||_;‹-u;C|-m7ruor;ur;uvomv|o
_oѴ7oL1;-vvr;1bC;7bm|_;1ub|;ub-]bˆ;mbm-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕ-m7-vv;|
o†|bm|_;v|-|†|;vĺ
ŐѶƓő ƒŐѵőŐbˆőŐ;ő "†11;vvbomrѴ-m=ouu;ঞubm] bu;1|ouvķņ -m7v
o-u7-rruoˆ;7ruo1;7†u;v1oˆ;ubm]"†11;vvbomѴ-mmbm]=ouu;ঞubm] bu;1|ouvķņ -m7 Complied
v-u;bmrѴ-1;-m7|_;=oѴѴo‰v|_;v-b7ruo1;7†u;bmrѴ-mmbm]v†11;vvbomo=u;ঞubm]
bu;1|ouvŐbm1Ѵ†7bm]|_; őĺ

SAMPATH SIMPLIFIED 169

CORPORATE GOVERNANCE

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐѶƔő ƒŐѵőŐbˆőŐ=ő ollb‚;;_-bur;uvom-m7o|_;ul;l0;uv

$_;bv1_-bu;70‹-mm7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouĺlom]v||_;o|_;ul;l0;uvķ Complied
|‰ol;l0;uv-u;m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouv‰_bѴv||_;o|_;uƑl;l0;uv-u;omŊ
m7;r;m7;m|omŊŠ;1†ঞˆ; bu;1|ouvĺ$_; -‚;m7vl;;ঞm]v0‹bmˆb|-ঞomĺ
ƒŐѵőՈő o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;Ő!ő
Ő86ő ƒŐѵőՈőŐ-ő olrovbঞomo=!
!1olrubv;vƏƓomŊŠ;1†ঞˆ; bu;1|ouvķƏƐŠ;1†ঞˆ; bu;1|ouķuo†r_b;=!bvhL1;u Complied
-m7uo†rolrѴb-m1;L1;uĺ$_;!‰ouhv1Ѵov;Ѵ‹‰b|_v‰b|_bm|_;=u-l;‰ouho=
-†|_oub|‹-m7u;vromvb0bѴb|‹-vvb]m;7|o|_;!ĺ
ŐѶƕő ƒŐѵőՈőŐ0ő !bvh-vv;vvl;m|o=|_;-mhķ"†0vb7b-u‹olr-mb;v-m7vvo1b-|;olr-mb;v
u;7b|!bvhķ-uh;|!bvhķbt†b7b|‹!bvhķolrѴb-m1;!bvh-m7|_;r;u-ঞom-Ѵ!bvh-u;-vv;vv;7 Complied
-m7|_;u;rou|v-u;v†0lb‚;7|o|_;!|_uo†]_|_;uo†r_b;=!bvhL1;uĺ!bvhv-u;
-vv;vv;7-||_;!-m7|_;u;Ѵ;ˆ-m|u;rou|v-u;v†0lb‚;70‹|_;!bvh-m-];l;m|&mb||o
|_;!ĺ

$_;o-u7_-v-rruoˆ;7omu;1oll;m7-ঞomo=!ķ|_;roѴb1b;vomu;7b|!bvh
-m-];l;m|ķ-uh;|!bvh-m-];l;m|-m7r;u-ঞom-Ѵ!bvh-m-];l;m|‰_b1_ruoˆb7;-
=u-l;‰ouh=oul-m-];l;m|-m7-vv;vvl;m|o=ubvhvĺ11ou7bm]Ѵ‹ķt†-u|;uѴ‹bm=oul-ঞomomru;Ŋ
;v|-0Ѵbv_;7ubvhbm7b1-|ouv-u;u;ˆb;‰;70‹|_;!ĺ

$_;!_-v-ruo1;vv|o-vv;vv-m7;ˆ-Ѵ†-|;-ѴѴubvhvo=|_;-mh-m7|_;Cm7bm]v-m7
bvv†;v-u;v†0lb‚;7|o|_;o-u7ŝvu;ˆb;‰-m7-1ঞomķb=-m‹ĺ!;ˆ-Ѵ†-|;v|_;ubvh
l-m-];l;m|o="†0vb7b-u‹1olr-mb;v0o|_-||_;-mhѴ;ˆ;Ѵ-m7uo†rѴ;ˆ;Ѵĺ
ŐѶѶő ƒŐѵőՈőŐ1ő !;ˆb;‰|_;-7;t†-1‹-m7;@;1ঞˆ;m;vvo=l-m-];l;m|Ѵ;ˆ;Ѵ1ollb‚;;v
!u;ˆb;‰v|_;-7;t†-1‹-m7|_;;@;1ঞˆ;m;vvo=-ѴѴl-m-];l;m|Ѵ;ˆ;Ѵ1ollb‚;;v Complied
bm1Ѵ†7bm]|_;u;7b|oѴb1‹!bvh-m7ouoѴbo!;ˆb;‰ollb‚;;-m7|_;|o-77u;vv
vr;1bC1ubvhv-m7|ol-m-];|_ov;ubvhv‰b|_bm|_;Ѵ-b77o‰mѴblb|vvr;1bC;70‹|_;!-v
u;t†bu;70‹|_; bu;1ঞomĺ
ŐѶƖő ƒŐѵőՈőŐ7ő ouu;1ঞˆ;-1ঞom|olbঞ]-|;ubvhv;Š1;;7bm]ru†7;mঞ-ѴѴ;ˆ;Ѵv
!|-h;vruolr|1ouu;1ঞˆ;-1ঞom|olbঞ]-|;|_;;@;1|vo=vr;1bC1ubvhvbm1-v;v†1_ubvhv Complied
-u;-|Ѵ;ˆ;Ѵv0;‹om7|_;ru†7;m|ubvhѴ;ˆ;Ѵv7;1b7;70‹!0-v;7om|_;-mhĽvroѴb1b;v-m7
u;]†Ѵ-|ou‹-m7v†r;uˆbvou‹u;t†bu;l;m|vĺ$_;;‹!bvhm7b1-|ouvo=|_;-mh-u;-rruoˆ;70‹
|_;!-m7|_;o-u7om-u;]†Ѵ-u0-vbvĺ
ŐƖƏő ƒŐѵőՈőŐ;ő u;t†;m1‹o=l;;ঞm]v
$_;!_-vu;]†Ѵ-ul;;ঞm]vbm1olrѴb-m1;‰b|_b|v$;ulvo=!;=;u;m1;-m7v1_;7†Ѵ;v Complied
-77bঞom-Ѵl;;ঞm]v‰_;mu;t†bu;7ĺ$_;-];m7-1oˆ;uvl-‚;uv-vv;vvbm]-ѴѴ-vr;1|vo=ubvh
l-m-];l;m|bm1Ѵ†7bm]†r7-|;7†vbm;vvomঞm†b|‹Ѵ-mvĺ$_;!l;|Əѵঞl;v7†ubm]|_;
‹;-uĺ
ŐƖƐő ƒŐѵőՈőŐ=ő L1;uvu;vromvb0Ѵ;=ou=-bѴ†u;|ob7;mঞ=‹vr;1bC1ubvhvoublrѴ;l;m|1ouu;1ঞˆ;-1ঞom
$;ulvo=!;=;u;m1;o=|_;!ruoˆb7;v=ou|_;!|ou;1oll;m7|oo-u7|o|-h; Complied
1ouu;1ঞˆ;-1ঞom-v7bu;1|;70‹ bu;1|ouo=-mh"†r;uˆbvbombmu;vr;1|o=oL1;uvb7;mঞC;7|o
0;u;vromvb0Ѵ;=ou=-bѴ†u;|ob7;mঞ=‹vr;1bC1ubvhvķ†rom0;bm]bm=oul;7o=v†1_0‹|_;ņ
 ĺ
ŐƖƑő ƒŐѵőՈőŐ]ő !bvh-vv;vvl;m|u;rou||oo-u7
!bvhu;rou|vv†ll-ubvbm]vb]mbC1-m|ubvhvķb=-m‹ķ_b]_Ѵb]_|;7-|!l;;ঞm]v-u;v†0lb‚;7 Complied
|o|_;o-u7-[;u;-1_l;;ঞm]0‹|_;";1u;|-u‹|o|_;1ollb‚;;‰b|_bm-‰;;hĺm-77bঞomķ
-ѴѴv;ubo†v-m7ņou†u];m|ubvh1om1;umv-u;bll;7b-|;Ѵ‹1omˆ;‹;70‹|_;!_-bul-m|o-ѴѴ
|_;o-u7 bu;1|ouvĺ

170 SAMPATH BANK PLC Annual Report 2018

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GRIƐƏƑŊƑƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƖƒő ƒŐѵőՈőŐ_ő olrѴb-m1;=†m1ঞom

$_;m7;r;m7;m|olrѴb-m1; ;r-u|l;m|;v|-0Ѵbv_;7ķ-vv;vv;v|_;-mhĽv1olrѴb-m1;‰b|_ Complied
Ѵ-‰vķu;]†Ѵ-ঞomvķ-m7u;]†Ѵ-|ou‹]†b7;Ѵbm;vĺm-77bঞomķ|_;olrѴb-m1; ;r-u|l;m|-vv;vv;v
|_;-mhĽv1olrѴb-m1;‰b|_bm|;um-Ѵ1om|uoѴv-m7-rruoˆ;7roѴb1b;vom-ѴѴ-u;-vo=0†vbm;vv
or;u-ঞomvĺ$_bv=†m1ঞombv_;-7;70‹-7;7b1-|;7uo†rolrѴb-m1;L1;u‰_ou;rou|v|o
|_;o-u7m|;]u-|;7!bvh-m-];l;m|ollb‚;;Ő!ő-m7bvu;vromvb0Ѵ;=ouruoˆb7bm]|_;
=oѴѴo‰bm]Ĺ

y7;|-bѴ;7t†-u|;uѴ‹u;rou|omv|-|†|ou‹-m7l-m7-|ou‹u;rouঞm]u;t†bu;l;m|vbm7b1-ঞm]|_;
v|-|†vo=1olrѴb-m1;|o|_;o-u7ĸ

ylom|_Ѵ‹1olrѴb-m1;u;rou|bv|-0Ѵ;7-||_;!=oubm=oul-ঞom-m7m;1;vv-u‹-1ঞomĺ
ƒŐƕő !;Ѵ-|;7-u|‹$u-mv-1ঞomv
ŐƖƓő ƒŐƕőŐbő -|;]oub;vo=!;Ѵ-|;7-uঞ;v-m7-ˆob7-m1;o=omYb1|o=m|;u;v|
7†Ѵ‹-rruoˆ;77o1†l;m|;7ruo1;vvbvbmrѴ-1;omb7;mঞC1-ঞomo=-m77;-Ѵbm]‰b|_1-|;]oub;v Complied
o=!;Ѵ-|;7-uঞ;v-m7|_;bu|u-mv-1ঞomvbmou7;u=ou|_;-mh|o-ˆob7-m‹1omYb1|vo=bm|;u;v|
|_-|l-‹-ubv;=uol-m‹|u-mv-1ঞom‰b|_|_;u;Ѵ;ˆ-m|r-uঞ;vĺ

†u|_;uķ bu;1|ouv-m7|_;v-u;bm7bˆb7†-ѴѴ‹u;t†;v|;7|o7;1Ѵ-u;|_;bu|u-mv-1ঞomv‰b|_|_;
-mhom-t†-u|;uѴ‹-m7-mm†-Ѵ0-vbvĺ$_;-ˆob7-m1;o=omYb1|o=m|;u;v|bv=†u|_;uv†rrou|;7
0‹|_;o-u7-rruoˆ;7roѴb1‹om-m-]bm]omYb1|o=m|;u;v|ĺ
ŐƖƔő ƒŐƕőŐbbő !;Ѵ-|;7-u|‹$u-mv-1ঞomv1oˆ;u;70‹ bu;1ঞom
!;Ѵ-|;7-u|‹$u-mv-1ঞomv1oˆ;u;7=ou|_;r†urov;o=|_;-0oˆ;ruo1;vv‰b|_ bu;1|ouv-m7;‹ Complied
-m-];l;m|;uvomm;Ѵbm1Ѵ†7;Ĺ

y$_;]u-m|o=-m‹|‹r;o=-11ollo7-ঞomķ-v7;Cm;7bm|_;om;|-u‹o-u7Ľv bu;1ঞomvom
l-Šbl†l-lo†m|o=-11ollo7-ঞomr†uv†-m||o";1ঞomƓƕo=|_;-mhbm]1|oĺƒƏo=
ƐƖѶѶĺ

y$_;1u;-ঞomo=-m‹Ѵb-0bѴbঞ;vo=|_;-mhbm|_;=oulo=7;rovb|vķ0ouuo‰bm]v-m7
bmˆ;v|l;m|vĺ

y$_;ruoˆbvbomo=-m‹v;uˆb1;vo=-Cm-m1b-ѴoumomŊCm-m1b-Ѵm-|†u;ruoˆb7;7|o|_;-mhou
u;1;bˆ;7=uol|_;-mhĺ

y$_;1u;-ঞomoul-bm|;m-m1;o=u;rouঞm]Ѵbm;v-m7bm=oul-ঞomYo‰v0;|‰;;m|_;-mh-m7
-m‹!;Ѵ-|;7-uঞ;v‰_b1_l-‹Ѵ;-7|o|_;v_-ubm]o=ro|;mঞ-ѴѴ‹ruorub;|-u‹ķ1omC7;mঞ-Ѵou
o|_;u‰bv;v;mvbঞˆ;bm=oul-ঞom|_-|l-‹]bˆ;0;m;C|v|ov†1_!;Ѵ-|;7-uঞ;v
ŐƖѵő ƒŐƕőŐbbbő omb|oubm]o=!;Ѵ-|;7-u|‹$u-mv-1ঞomv ;Cm;7-vlou;=-ˆo†u-0Ѵ;|u;-|l;m|
$_;-mh_-vblrѴ;l;m|;7-ru;ˆ;mঞˆ;v‹v|;l|o;mv†u;|_-|mo=-ˆo†u-0Ѵ;|u;-|l;m|bv Complied
o@;u;7|o!;Ѵ-|;7-uঞ;vbm1Ѵ†7bm]|_ov;mo|;7bmƒŐƕőŐbő-0oˆ;ĺ77bঞom-ѴѴ‹ķ-||_;u;ˆb;‰
o=;ˆ;u‹!;Ѵ-|;7-u|‹$u-mv-1ঞom0‹|_;!;Ѵ-|;7-u|‹$u-mv-1ঞomv!;ˆb;‰ollb‚;;ķ-
7;|;1ঞˆ;l;1_-mbvl0-v;7om1olr-u-0Ѵ;v|oo|-h;vrѴ-1;ĺ
ŐƖƕő ƒŐƕőŐbˆő u-mঞm]-11ollo7-ঞom|o- bu;1|ouou1Ѵov;u;Ѵ-ঞomo=- bu;1|ou
ruo1;7†u;bvbmrѴ-1;‰b|_u;]-u7|o]u-mঞm]-11ollo7-ঞom|o bu;1|ouvou|o1Ѵov; Complied
u;Ѵ-ঞomvo= bu;1|ouvou|o1om1;umbm‰_b1_- bu;1|ou_-v-v†0v|-mঞ-Ѵbm|;u;v|ĺ"†1_
-11ollo7-ঞomu;t†bu;v-rruoˆ-Ѵ-|-l;;ঞm]o=|_;o-u7o= bu;1|ouvķ0‹mo|Ѵ;vv|_-m|‰oŊ
|_bu7vo=|_;m†l0;uo= bu;1|ouvo|_;u|_-m|_; bu;1|ou1om1;um;7ķˆoঞm]bm=-ˆo†uo=v†1_
-11ollo7-ঞomĺ$_;|;ulv-m71om7bঞomvo=-=-1bѴb|‹o@;u;7‰o†Ѵ7bm1Ѵ†7;-ruoˆbvbom|_-|
b|‰bѴѴ0;v;1†u;70‹v†1_v;1†ub|‹-vl-‹=uolঞl;|oঞl;0;7;|;ulbm;70‹|_;om;|-u‹
o-u7-v‰;ѴѴĺ

SAMPATH SIMPLIFIED 171

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƖѶő ƒŐƕőՈő 11ollo7-ঞom]u-m|;7|or;uvomvķou1om1;umvo=r;uvomvķou1Ѵov;u;Ѵ-ঞomvo=r;uvomvķ‰_o

v†0v;t†;m|Ѵ‹-u;-rrobm|;7-v bu;1|ouvo=|_;-mh
 bu;1ঞˆ;omlomb|oubm]]u-m|o=v†1_-11ollo7-ঞom|o bu;1|ouv-m7|_;buu;Ѵ-|;7r-uঞ;v Complied
bvbmrѴ-1;ĺ$_;v-b7r;u-ঞom-Ѵruo1;7†u;v;|vo†||_;7b@;u;m|vb|†-ঞomv|_-|l-‹-ubv;
‰_;m]u-mঞm]-11ollo7-ঞom|o bu;1|ouvou|o|_;bu1Ѵov;u;Ѵ-ঞˆ;vou1om1;umvbm‰_b1_|_;
bu;1|ouvl-‹_-ˆ;v†0v|-mঞ-Ѵm|;u;v|-m7|_;v|;rv|o0;|-h;m‰_;m-mbm7bˆb7†-Ѵ-Ѵu;-7‹
_-ˆ;0;;m]u-m|;7-11ollo7-ঞomv†0v;t†;m|Ѵ‹0;1ol;v- bu;1|ouĺ
$_;olr-m‹";1u;|-u‹o0|-bmv!;Ѵ-|;7-u|‹ bv1Ѵov†u;v=uol-ѴѴ bu;1|ouvom-t†-u|;uѴ‹ Complied
0-vbvĺ$_;r;u-ঞom-Ѵbmv|u†1ঞomvbvv†;7-m7|_; bu;1ঞˆ;om ;-Ѵbm]‰b|_!;Ѵ-|;7-u|‹
$u-mv-1ঞomv|oou;t†bu;-m‹|;-ll;l0;u;m]-];7bmu;Ѵ;ˆ-m|-u;-vo=0†vbm;vv|o-1|bm
1olrѴb-m1;‰b|_|_;u;]†Ѵ-|ou‹=u-l;‰ouhv;|o†|bm|_;v-b7 bu;1ঞˆ;v-m7"|-|†|;vĺ
lrѴo‹;;vo=|_;-mh-u;-‰-u;o=|_;u;t†bu;l;m||oo0|-bmm;1;vv-u‹v;1†ub|‹-v7;Cm;70‹ Complied
|_;om;|-u‹o-u7bm|_;u;Ѵ;ˆ-m|1bu1†lv|-m1;vĺ
ruo1;vv|olomb|ou1olrѴb-m1;‰b|_|_bvu;]†Ѵ-ঞom_-v0;;m;v|-0Ѵbv_;7ĺ Complied
ŐƖƖő ƒŐƕőՈbő -ˆo†u-0Ѵ;|u;-|l;m|ou-11ollo7-ঞom|o-mh;lrѴo‹;;vou|_;bu1Ѵov;u;Ѵ-ঞomv
o=-ˆo†u-0Ѵ;|u;-|l;m|ņ-11ollo7-ঞom-u;ruoˆb7;7|o-mh;lrѴo‹;;vo|_;u|_-m|_ov; Complied
ruoˆb7;7†m7;u|_;v1_;l;o=v|-@0;m;C|vbm|;ulvo=|_;or;u-ঞm]bmv|u†1ঞomvbvv†;70‹
|_;-mh=uolঞl;|oঞl;]oˆ;umbm]v-l;-m7|_;-mhĽvo-u7-rruoˆ;7oѴb1‹om!;‰-u7
-m-];l;m|=ou;‹-m-];l;m|;uvomm;ѴĺlrѴo‹;;vo=|_;-mh-u;bm=oul;7|_uo†]_
or;u-ঞom-Ѵ1bu1†Ѵ-uv|ou;=u-bm=uol]u-mঞm]=-ˆo†u-0Ѵ;|u;-|l;m||o;lrѴo‹;;vou|_;bu1Ѵov;
u;Ѵ-ঞomvou|o-m‹1om1;umbm‰_b1_-m;lrѴo‹;;ou1Ѵov;u;Ѵ-ঞom_-v-v†0v|-mঞ-Ѵbm|;u;v|
;Š1;r|-vruoˆb7;7bm|_;-mhĽvr;u-ঞom-Ѵ†b7;Ѵbm;v-m7 bu;1ঞˆ;vĺ
ŐƐƏƏő ƒŐƕőՈbbő !;lbvvbomo=-11ollo7-ঞom]u-m|;7|o bu;1|ouvv†0f;1||oom;|-u‹o-u7-rruoˆ-Ѵ
r;u-ঞom-Ѵbmv|u†1ঞomv_-ˆ;0;;mbvv†;7vr;1b=‹bm]v|ub1|bmv|u†1ঞomv|ou;=u-bm=uol Complied
u;lbvvbomvo=-11ollo7-ঞom]u-m|;7|o bu;1|ouvķ|_;bu1Ѵov;u;Ѵ-ঞomvou|o1om1;umvbm‰_b1_
|_;‹_-ˆ;-v†0v|-mঞ-Ѵbm|;u;v|-u;0;bm];@;1|;7‰b|_o†|-rruoˆ-Ѵo=|_;om;|-u‹o-u7ĺ

$_;vb|†-ঞom_-vmo|-ubv;mbm|_;-mh|o7-|;-m7or;u-ঞm]bmv|u†1ঞomv-vv|-|;7-0oˆ;_-ˆ;
0;;mbvv†;7|oru;ˆ;m|momŊ1olrѴb-m1;‰b|_|_bvu;t†bu;l;m|ĺ
ƒŐѶő bv1Ѵov†u;v
ŐƐƏƐő ƒŐѶőŐbő †0Ѵbv_mm†-Ѵ-m7 †-u|;uѴ‹ bm-m1b-Ѵ"|-|;l;m|v
mm†-Ѵ-†7b|;7 bm-m1b-Ѵ"|-|;l;m|v-m7t†-u|;uѴ‹ bm-m1b-Ѵ"|-|;l;m|v-u;ru;r-u;7-m7 Complied
r†0Ѵbv_;7bm-11ou7-m1;‰b|_|_;=oul-|vru;v1ub0;70‹|_;v†r;uˆbvou‹-m7u;]†Ѵ-|ou‹
-†|_oubঞ;v-m7-rrѴb1-0Ѵ;11o†mঞm]"|-m7-u7vĺ
ƒŐѶőŐbbő bv1Ѵov†u;vbmmm†-Ѵ!;rou|
ŐƐƏƑő ƒŐѶőŐbbőŐ-ő v|-|;l;m||o|_;;@;1||_-||_;mm†-Ѵ†7b|;7 bm-m1b-Ѵ"|-|;l;m|v_-ˆ;0;;mru;r-u;7
bmѴbm;‰b|_-rrѴb1-0Ѵ;-11o†mঞm]v|-m7-u7v-m7u;]†Ѵ-|ou‹u;t†bu;l;m|vķbm1Ѵ†vbˆ;o=vr;1bC1
7bv1Ѵov†u;v
v|-|;l;m||o|_bv;@;1|bvbm1Ѵ†7;7bm|_;=oѴѴo‰bm]Ĺ Complied
ymm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo=|_;olr-m‹]bˆ;momr-];vƐѶƕ
|oƐƖѵĺ

172 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

GRIƐƏƑŊƒƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƐƏƒő ƒŐѶőŐbbőŐ0ő !;rou|0‹|_;o-u7om|_;-mhĽvbm|;um-Ѵ1om|uoѴl;1_-mbvl

$_;mm†-Ѵ!;rou|bm1Ѵ†7;v|_;=oѴѴo‰bm]u;rou|v‰_;u;|_;o-u71omCulv|_-||_;Cm-m1b-Ѵ Complied
u;rouঞm]v‹v|;l_-v0;;m7;vb]m;7|oruoˆb7;u;-vom-0Ѵ;-vv†u-m1;u;]-u7bm]|_;u;Ѵb-0bѴb|‹o=
Cm-m1b-Ѵu;rouঞm]ķ-m7|_-||_;ru;r-u-ঞomo=Cm-m1b-Ѵv|-|;l;m|v=ou;Š|;um-Ѵr†urov;v_-v
0;;m7om;bm-11ou7-m1;‰b|_u;Ѵ;ˆ-m|-11o†mঞm]rubm1brѴ;v-m7u;]†Ѵ-|ou‹u;t†bu;l;m|vĹ

y bu;1|ouvĽ"|-|;l;m|omm|;um-Ѵom|uoѴoˆ;u bm-m1b-Ѵ!;rouঞm]]bˆ;momr-];vƐƖƕşƐƖѶĺ

ŐƐƏƓő ƒŐѶőŐbbőŐ1ő vv†u-m1;!;rou|bvv†;70‹|_;†7b|ouv†m7;uļ"ub-mh-"|-m7-u7omvv†u-m1;m]-];l;m|v

""ƒƏƔƏĽ
$_;o-u7_-vo0|-bm;7-m-vv†u-m1;u;rou|om|_;;@;1ঞˆ;m;vvo=m|;um-Ѵom|uoѴvˆ;u Complied
bm-m1b-Ѵ!;rouঞm]‰_b1_bvr†0Ѵbv_;7omr-];ƐƖƖĺ
ŐƐƏƔő ƒŐѶőŐbbőŐ7ő ;|-bѴvo= bu;1|ouv
;|-bѴvo= bu;1|ouv-u;]bˆ;momr-];vƐѵ|oƑƐĺ Complied

bu;1|ouvĽbm|;u;v|vbm1om|u-1|v‰b|_|_;olr-m‹-u;]bˆ;m0;Ѵo‰ĸŐbm1Ѵ†7bm]Š;1†ঞˆ;
bu;1|ouvő
-|;]ou‹ lo†m|
!vƏƏƏ
o-mv Ŋ
;rovb|v ƑƕƖķƔƐƔ
u;7b|1-u7v ƐķƒƐƓ
m|;u;v|bm1ol; Ƒķƒƒƒ
m|;u;v|;Šr;mv; ƑƔķƖƓƏ
"_-u;0-v;7r-‹l;m|v
 -v_7bˆb7;m7 Ŋ
 "1ubr7bˆb7;m7Ő†l0;uo=v_-u;vő ƑķƔƏƐ

]]u;]-|;ˆ-Ѵ†;o=u;l†m;u-ঞomņ=;;r-b70‹|_;-mh ƐƐƒķƔƐѶ
ov|;lrѴo‹l;m|0;m;C|vr-b7 ƒķƒƔѵ
$;ulbm-ঞom0;m;C|v Ŋ

SAMPATH SIMPLIFIED 173

CORPORATE GOVERNANCE

GRIƐƏƑŊƑƔķƒƔ

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƐƏѵő ƒŐѶőŐbbőŐ;ő $o|-Ѵ-11ollo7-ঞom]u-m|;7|o;-1_1-|;]ou‹o=u;Ѵ-|;7r-uঞ;v-m7-v-r;u1;m|-];o=|_;

-mhĽvu;]†Ѵ-|ou‹1-rb|-Ѵ
!;Ѵ-|;7-u|‹$u-mv-1ঞomv-u;]bˆ;mbmo|;oĺƓƕ|o|_; bm-m1b-Ѵ"|-|;l;m|omr-];vƒƏѶ|o Complied
ƒƐƑĺ

;|-11ollo7-ঞom]u-m|;7|o!;Ѵ-|;7-uঞ;v-u;]bˆ;m0;Ѵo‰ĸ
-|;]ou‹o=u;Ѵ-|;7r-u|‹|u-mv-1ঞom v-ѷo= lo†m|
u;]†Ѵ-|ou‹ !vƏƏƏ
1-rb|-Ѵo=|_;
-mh
bu;1|ou-m71Ѵov;=-lbѴ‹l;l0;uv ƏĺƏƐ ѵķƑƓƕ
vş1Ѵov;=-lbѴ‹l;l0;uv ƏĺƐƕ ƐƕƖķƖѵƐ
"†0vb7b-ub;v ѶĺƑƖ ѶķƔƔƏķƕƒƔ
"_-u;_oѴ7;uvo‰mbm]l-|;ub-Ѵbm|;u;v|bm|_;-mh Ŋ Ŋ
om1;umvbm‰_b1_-m‹o=|_;-mhĽv bu;1|ouvou-
1Ѵov;u;Ѵ-ঞomo=-m‹o=|_;-mhĽv bu;1|ouvou-m‹o=b|v
l-|;ub-Ѵv_-u;_oѴ7;uv_-v-v†0v|-mঞ-Ѵbm|;u;v| ƔĺѶƓ ѵķƏƑƒķƒѶƒ

ŐƐƏƕő ƒŐѶőŐbbőŐ=ő ]]u;]-|;ˆ-Ѵ†;vo=u;l†m;u-ঞomr-b7|oķ-m7|u-mv-1ঞomv‰b|_;‹-m-];l;m|;uvomm;Ѵ

-|†u;o=|u-mv-1ঞom lo†m| Complied

!vƏƏƏ
"_ou|Ŋ|;ul;lrѴo‹l;m|0;m;C|v ƓƕѵķƔƒƏ
ov|Ŋ;lrѴo‹l;m|0;m;C|v ƑѵķƔƔƖ
o-mvş-7ˆ-m1;vbm1Ѵ†7bm]1u;7b|1-u7v ƐѶƑķƐƒƐ
;rovb|şbmˆ;v|l;m|v ƑƕƕķƒƑƒ
m|;u;v|bm1ol; ƐѶķƕƓƐ
m|;u;v|;Šr;mv;v ƑƔķѶѶƏ
-v_7bˆb7;m7r-b7 Ŋ

"1ubr7bˆb7;m7r-b7Ő†l0;uo=v_-u;vő ƑƐķƑƖƐ

$_;u;l†m;u-ঞomr-b7|oķ-m7|u-mv-1ঞomv‰b|_Š;1†ঞˆ; bu;1|ouv-u;bm1Ѵ†7;7bmƒŐѶőŐbbőŐ7ő

-0oˆ;ĺ

174 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
"&$!+ !$

" ubm1brѴ;ķolrѴb-m1;-m7lrѴ;l;m|-ঞom "|-|†v

";1ঞom

ŐƐƏѶő ƒŐѶőŐbbőŐ]ő omCul-ঞom0‹|_;o-u7om|_;mm†-Ѵourou-|;oˆ;um-m1;!;rou|

o-u7_-v1omCul;7bm|_;mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo= Complied
|_;olr-m‹ķ|_-|-ѴѴ|_;Cm7bm]vo=|_; -1|†-Ѵ bm7bm]v!;rou|o=†7b|ouv_-ˆ;0;;m
bm1ourou-|;7bm|_;-mhĽvmm†-Ѵourou-|;oˆ;um-m1;!;rou|ĺ
ŐƐƏƖő ƒŐѶőŐbbőŐ_ő !;rou|1omCulbm]1olrѴb-m1;‰b|_ru†7;mঞ-Ѵu;t†bu;l;m|vķu;]†Ѵ-ঞomvķѴ-‰v-m7bm|;um-Ѵ
1om|uoѴv
$_;"|-|;l;m|o= bu;1|ouvĽ!;vromvb0bѴb|‹om bm-m1b-Ѵ!;rouঞm]]bˆ;momr-];vƑƏƐşƑƏƑ Complied
1Ѵ;-uѴ‹v;|vo†|7;|-bѴvu;]-u7bm]1olrѴb-m1;‰b|_ru†7;mঞ-Ѵu;t†bu;l;m|vķu;]†Ѵ-ঞomvķѴ-‰v-m7
bm|;um-Ѵ1om|uoѴvĺ$_;u;‰;u;mobmv|-m1;vo=l-|;ub-ѴmomŊ1olrѴb-m1;|ou;rou|om1ouu;1ঞˆ;
-1ঞom|-h;m7†ubm]|_;‹;-uĺ
ŐƐƐƏő ƒŐѶőŐbbőŐbő ;-v†u;v|-h;m|ou;1ঞ=‹momŊ1olrѴb-m|bvv†;v
$_;u;‰;u;moѴ-rv;vbmˆbঞm]v†r;uˆbvou‹1om1;umvbm|_;-mhĽv!bvh-m-];l;m|"‹v|;l Complied
oumomŊ1olrѴb-m1;‰b|_|_;v;7bu;1ঞomv|_-|_-ˆ;0;;mrobm|;7o†|0‹|_; bu;1|ouo=-mh
"†r;uˆbvbomu;t†bu;7|o0;7bv1Ѵov;70‹|_;-mh7†ubm]|_;‹;-uĺ

"&!+   ! 

_-bul-m -m-]bm] bu;1|ou

ƐƓ|_ ;0u†-u‹ƑƏƐƖ

SAMPATH SIMPLIFIED 175

BOARD AUDIT COMMITTEE REPORT

$_;o-u7†7b|ollb‚;;Ő|_; -‚;m7;7|_;v;l;;ঞm]v0‹bmˆb|-ঞomĺƏƓ ѵĺ !;ˆb;‰bm]m|;um-Ѵ†7b|u;rou|v-m7

ollb‚;;őķ‰_b1_‰-v;v|-0Ѵbv_;7om o=|_;v;l;;ঞm]v‰;u;_;Ѵ7|o1omvb7;u Ѵb-bvbm]‰b|_|_;-mhĽvourou-|;
ƐƏ|_rubѴƐƖƖƕķbv-rrobm|;70‹-m7 -m7u;1oll;m7|o|_;o-u7o= bu;1|ouvķ -m-];l;m||o;mv†u;|_-|
u;vromvb0Ѵ;|o|_;o-u7o= bu;1|ouvŐ|_; |_;-mhĽvt†-u|;uѴ‹-m7mm†-Ѵ bm-m1b-Ѵ ru;1-†ঞom-u‹l;-v†u;v-u;|-h;m|o
o-u7őĺ$_;ollb‚;;1olrubv;vƏƓomŊ "|-|;l;m|vĺ lbmblbv;-m71om|uoѴ‰;-hm;vv;vķ
Š;1†ঞˆ; bu;1|ouvķƏƒo=‰_ol‰;u; ruo1;7†u;ˆboѴ-ঞomvķ=u-†7v-m7
m7;r;m7;m|-v-|ƒƐv| ;1;l0;uƑƏƐѶķ TERMS OF REFERENCE ;uuouvĺ
‰_o1om7†1|ollb‚;;ruo1;;7bm]vbm $_;;v|-0Ѵbv_l;m|ķuoѴ;-m7=†m1ঞomvo=
-11ou7-m1;‰b|_|_;ollb‚;;ŝv$;ulv |_;o-u7†7b|ollb‚;;-u;u;]†Ѵ-|;7 ƕĺ vv;vvbm]|_;bm7;r;m7;m1;-m7
o=!;=;u;m1;-rruoˆ;70‹|_;o-u7ĺ 0‹|_;-mhbm]1| bu;1ঞomoĺƐƐ u;ˆb;‰bm]|_;-7;t†-1‹o=|_;v1or;ķ
$_;ollb‚;;Ľv1olrovbঞom-v-|ƒƐv| o=ƑƏƏƕķomourou-|;oˆ;um-m1;=ou =†m1ঞomv-m7u;vo†u1;vo=|_;
;1;l0;uƑƏƐѶ‰-vĹ b1;mv;7oll;u1b-Ѵ-mhvbvv†;70‹|_; m|;um-Ѵ†7b| ;r-u|l;m|ķbm1Ѵ†7bm]
;m|u-Ѵ-mho="ub-mh-ķ|_;!†Ѵ;vom |_;-rrobm|l;m|o=|_;_b;=m|;um-Ѵ
u!-mbѴ-|_bu-m- ourou-|;oˆ;um-m1;-vr;u";1ঞomƕĺƐƏ †7b|ou-m7|_;r;u=oul-m1;o=|_;
Ő_-bul-mőŐ ņ ő o=bvঞm]!†Ѵ;vbvv†;70‹|_;oѴol0o ;-7-m7v;mbouv|-@l;l0;uvo=|_;
"|o1hŠ1_-m];-m7|_;o7;o=;v| m|;um-Ѵ†7b| ;r-u|l;m|
uo=-Ѵbh!-m-vbm]_;
Ő ņ ő u-1ঞ1;omourou-|;oˆ;um-m1;ƑƏƐƕ
bvv†;70‹|_;mvঞ|†|;o=_-u|;u;7 Ѷĺ ˆ;uv;;bm]|_;-rrobm|l;m|ķ
u ;;r-Ѵ"ooub‹--u-1_1_b 11o†m|-m|vo="ub-mh-Ő"ub-mh-őĺ 1olr;mv-ঞomķu;vb]m-ঞom-m7
Ő ņ ő $_;ollb‚;;v†0lb|vb|vlbm†|;v-m7 7bvlbvv-Ѵo=|_;Š|;um-Ѵ†7b|ouvķ
u;rou|vomb|v-1ঞˆbঞ;v|o|_;o-u7 bm1Ѵ†7bm]u;ˆb;‰o=|_;Š|;um-Ѵ†7b|
uv _-u-)bf-‹-ঞѴ-h;
u;]†Ѵ-uѴ‹-m7-Ѵvo-vvbv|v|_;o-u7bmb|v =†m1ঞomķb|v1ov|-m7;@;1ঞˆ;m;vv
Ő ņ ő
];m;u-Ѵoˆ;uvb]_|o=Cm-m1b-Ѵu;rouঞm]ķ -m7lomb|oubm]o=|_;Š|;um-Ѵ
Ő Ŋm7;r;m7;m| bu;1|ouķ ŋ bm|;um-Ѵ1om|uoѴv-m7=†m1ঞomvu;Ѵ-ঞm]|o †7b|ouvĽbm7;r;m7;m1;-m7|o;mv†u;
omŊm7;r;m7;m| bu;1|ouķ ŋom bm|;um-Ѵ-m7;Š|;um-Ѵ-†7b|vĺ |_-||_;;m]-];l;m|o=|_;†7b|
Š;1†ঞˆ; bu;1|ouő r-u|m;uv_-ѴѴmo|;Š1;;7Cˆ;‹;-uv-m7
ROLE AND RESPONSIBILITIES |_-||_;r-uঞ1†Ѵ-u†7b|r-u|m;ubvmo|
uv!-mf-mbov;r_ķ-v;mbouru-1ঞ1bm] u;Ŋ;m]-];7=ou|_;-†7b|0;=ou;|_;
$_;ollb‚;;bvu;vromvb0Ѵ;=ouĹ
_-u|;u;711o†m|-m|ķv;uˆ;v|_; ;Šrbu‹o=|_u;;‹;-uv=uol|_;7-|;o=
ollb‚;;bm|_;1-r-1b|‹o=-omv†Ѵ|-m| Ɛĺ !;ˆb;‰bm]Cm-m1b-Ѵbm=oul-ঞomķbm |_;1olrѴ;ঞomo=|_;ru;ˆbo†v|;ulĺ
-m7bvbmˆb|;7|o-‚;m7|_;l;;ঞm]vĺ ou7;u|olomb|ou|_;bm|;]ub|‹o=|_;
bm-m1b-Ѵ"|-|;l;m|vo=|_;-mhķb|v Ɩĺ !;ˆb;‰bm]|_;;@;1ঞˆ;m;vvo=|_;
ub;=ruoCѴ;vo=|_;l;l0;uvo=|_; mm†-Ѵ!;rou|ķ-11o†m|v-m7t†-u|;uѴ‹ -mhĽvv‹v|;lo=m|;um-Ѵom|uoѴ
ollb‚;;-u;]bˆ;momr-];vƐѵ|o u;rou|vru;r-u;7=ou7bv1Ѵov†u;ĺ ˆ;u bm-m1b-Ѵ!;rouঞm]|oruoˆb7;
ƑƐo=|_;mm†-Ѵ!;rou|ĺ$_;olr-m‹ u;-vom-0Ѵ;-vv†u-m1;u;]-u7bm]|_;
";1u;|-u‹ķ-m7bm_bv-0v;m1;ķ|_;_b;= Ƒĺ !;rouঞm]|o|_;o-u7om|_;t†-Ѵb|‹ķ u;Ѵb-0bѴb|‹o=Cm-m1b-Ѵu;rouঞm]-m7|_;
m|;um-Ѵ†7b|ou=†m1ঞomv-v|_;";1u;|-u‹ -rruorub-|;m;vv-m7-11;r|-0bѴb|‹o= ru;r-u-ঞomo= bm-m1b-Ѵ"|-|;l;m|v
|o|_;ollb‚;;ĺ |_;-mhĽv-11o†mঞm]roѴb1b;v-m7 =ou;Š|;um-Ѵr†urov;v_-ˆ;0;;m
ru-1ঞ1;vĺ 7om;bm-11ou7-m1;‰b|_-rrѴb1-0Ѵ;
$_;_-bul-mo=|_;ollb‚;;ķ -11o†mঞm]v|-m7-u7v-m7u;]†Ѵ-|ou‹
u!-mbѴ-|_bu-m-ķ-mm7;r;m7;m|omŊ ƒĺ vv;vvbm]|_;u;-vom-0Ѵ;m;vvo=|_; u;t†bu;l;m|vĺ
Š;1†ঞˆ; bu;1|ouķbv- ;ѴѴo‰;l0;uo= †m7;uѴ‹bm]-vv†lrঞomv=ou;vঞl-|;v
|_;_-u|;u;7mvঞ|†|;o=-m-];l;m| -m7f†7]l;m|vl-7;bmru;r-ubm]|_; ƐƏĺ m]-]bm]m7;r;m7;m|7ˆbvouv=ou
11o†m|-m|vķ&-m71o†m|vl-m‹‹;-uv bm-m1b-Ѵ"|-|;l;m|vĺ vr;1b-Ѵbv;7=†m1ঞomv‰_;u;b|7;;lv
o=;Šr;ub;m1;bm|_; bm-m1b-Ѵ";uˆb1;v m;1;vv-u‹ĺ
bm7†v|u‹ĺ Ɠĺ !;ˆb;‰bm]-11o†mঞm]-m7Cm-m1b-Ѵ
u;rouঞm]ķubvhl-m-];l;m|ruo1;vv;v ACTIVITIES IN 2018
MEETINGS -m7u;]†Ѵ-|ou‹1olrѴb-m1;ĺ
bm-m1b-Ѵ!;rouঞm]
$_;ollb‚;;l;|omƐƓo11-vbomv $_;ollb‚;;ķ-vr-u|o=b|vu;vromvb0bѴb|‹
Ɣĺ !;ˆb;‰bm]|_; bm-m1b-Ѵ"|-|;l;m|v
7†ubm]|_;‹;-uƑƏƐѶĺ‚;m7-m1;0‹|_; |ooˆ;uv;;|_;-mhĽvCm-m1b-Ѵu;rouঞm]
Őbm1Ѵ†7bm]t†-u|;uѴ‹bm|;ubl
ollb‚;;l;l0;uv-||_;v;l;;ঞm]v ruo1;vvom0;_-Ѵ=o=|_;o-u7o=
v|-|;l;m|vőrubou|or†0Ѵb1-ঞom|o
bv]bˆ;mbm|_;|-0Ѵ;omr-];ƐƑѵo=|_; bu;1|ouvķ_-vu;ˆb;‰;7-m77bv1†vv;7
;mv†u;1omv|-m|-m71omঞm†o†v
mm†-Ѵ!;rou|ĺ$_;-m-]bm] bu;1|ouķ ‰b|_|_;-m-];l;m|-m7|_;Š|;um-Ѵ
1olrѴb-m1;‰b|_v|-|†|ou‹ruoˆbvbomvķ
uo†r_b;= bm-m1b-ѴL1;uķ_b;= †7b|ouvķ|_;t†-u|;uѴ‹-m7|_;mm†-Ѵ
-11o†mঞm]v|-m7-u7v-m7-11o†mঞm]
m|;um-Ѵ†7b|ouķ_b;=-m-];uŊ"‹v|;lv bm-m1b-Ѵ"|-|;l;m|vrubou|o|_;bu
roѴb1b;vĺ
†7b|ķ|_;omv†Ѵ|-m||o|_;o-u7†7b| u;Ѵ;-v;ĺ$_;u;ˆb;‰bm1Ѵ†7;7|_;t†-Ѵb|‹ķ
ollb‚;;-m7|_;Š|;um-Ѵ†7b|ouv-Ѵvo -rruorub-|;m;vv-m7-11;r|-0bѴb|‹o=

176 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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-11o†mঞm]roѴb1b;v-m7ru-1ঞ1;vķ|_; m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm] †7b|ouvĽ!;rou|om|_;-mhĽvm|;um-Ѵ

1Ѵ-ub|‹o=|_;7bv1Ѵov†u;v-m7|_;;Š|;m| Ő !ő om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]bv
o=1olrѴb-m1;‰b|_Cm-m1b-Ѵu;rouঞm] $_;-mhbvu;t†bu;7|o1olrѴ‹‰b|_ ruoˆb7;7omr-];ƐƖƖĺ
v|-m7-u7vķbm|;ulvo=olr-mb;v1| ";1ঞomƒŐѶőŐbbőŐ0őo=|_;-mhbm]1|
oĺƕo=ƑƏƏƕķ-mhbm]1|oĺƒƏo= bu;1ঞomoĺƐƐo=ƑƏƏƕ-m7-vv;vv|_; mm†-Ѵourou-|;oˆ;um-m1;!;rou|
ƐƖѶѶ-m7o|_;uu;Ѵ;ˆ-m|Cm-m1b-Ѵ-m7 ;@;1ঞˆ;m;vvo=m|;um-Ѵom|uoѴˆ;u vu;t†bu;70‹";1ঞomƒŐѶőŐbbőŐ]őo=|_;
]oˆ;um-m1;u;rouঞm]u;t†bu;l;m|vĺ bm-m1b-Ѵ!;rouঞm]-vo=ƒƐv| ;1;l0;u -mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕķ
$o=-1bѴb|-|;|_;u;ˆb;‰ķ|_;ollb‚;; ƑƏƐѶĺ omourou-|;oˆ;um-m1;=oub1;mv;7
1omvb7;u;7u;rou|v=uol|_;uo†r_b;= oll;u1b-Ѵ-mhvbvv†;70‹|_;;m|u-Ѵ
bm-m1b-ѴL1;u-m7u;rou|v=uol|_; $_;-mh-vv;vv;7|_;;@;1ঞˆ;m;vvo=b|v -mho="ub-mh-ķ|_;mm†-Ѵourou-|;
Š|;um-Ѵ†7b|ouvom|_;o†|1ol;o=|_; m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm] oˆ;um-m1;!;rou|=ouƑƏƐѶbvruoˆb7;7
_-Ѵ=Ŋ‹;-uu;ˆb;‰-m7mm†-Ѵ†7b|ĺ -vo=ƒƐv| ;1;l0;uƑƏƐѶ0-v;7om omr-];vƐƔѵ|oƐƕƔĺ$_;Š|;um-Ѵ
|_;1ub|;ub-v;|o†|bm|_;†b7-m1;=ou †7b|ouvo=|_;-mh_-ˆ;r;u=oul;7
$_;ollb‚;;1Ѵov;Ѵ‹lomb|ou;7 bu;1|ouvo=-mhvomľ$_; bu;1|ouvĽ ruo1;7†u;vv;|o†|bm"ub-mh-!;Ѵ-|;7
|_;blrѴ;l;m|-ঞomo=|_;"ub-mh- "|-|;l;m|o=m|;um-Ѵom|uoѴĿķbvv†;70‹ ";uˆb1;vu-1ঞ1;"|-|;l;m|ƓƕƔƏbvv†;7
11o†mঞm]"|-m7-u7Ŋ" !"ƖŐ bm-m1b-Ѵ |_;"ub-mh-bmƑƏƐƏĺ 0‹|_;"ub-mh-Ő"!""ƓƕƔƏőķ|o
mv|u†l;m|vőķbvv†;70‹"ub-mh-‰_b1_ l;;||_;1olrѴb-m1;u;t†bu;l;m|o=|_;
0;1-l;;@;1ঞˆ;=uolƐv|-m†-u‹ƑƏƐѶĺ $_;-mhĽv-vv;vvl;m|‰-v0-v;7om v-b7ourou-|;oˆ;um-m1;7bu;1ঞˆ;ĺ
$_;-mh1oll;m1;7‰ouhbm]|o‰-u7v ruo1;vv;v7o1†l;m|;70‹|_;u;vr;1ঞˆ; $_;buCm7bm]vru;v;m|;7bm|_;buu;rou|
|_bv]o-Ѵ7†ubm]|_;‹;-uƑƏƐѵ‰b|_|_; ruo1;vvo‰m;uvĺ ou|_;v†11;vv=†Ѵ 7-|;7ƐƓ|_ ;0u†-u‹ƑƏƐƖ-77u;vv;7|o
-vvbv|-m1;o=-m;Š|;um-Ѵ1omv†Ѵ|-m|ĺ blrѴ;l;m|-ঞomo=|_bv|-vhķ-v|;;ubm] |_;o-u7-u;1omvbv|;m|‰b|_|_;l-‚;uv
$_;ollb‚;;1Ѵov;Ѵ‹lomb|ou;7|_; 1ollb‚;;Őm|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ 7bv1Ѵov;7-0oˆ;-m7-m‹bm1omvbv|;m1b;v|o
blrѴ;l;m|-ঞomo=|_;m;‰11o†mঞm] !;rouঞm]"|;;ubm]ollb‚;;ő_;-7;7 |_ov;u;rou|;70‹|_;o-u7omr-];vƐƔѵ
"|-m7-u7ub]_||_uo†]_o†||_bvr;ubo7ĺ$_; 0‹|_;uo†r_b;= bm-m1b-ѴL1;u-m7 |oƐƕƔ_-ˆ;mo|0;;mb7;mঞC;7ĺ
ollb‚;;-Ѵvo]†b7;7|_;l-m-];l;m| 1olrubvbm]o=u;Ѵ;ˆ-m|l;l0;uvo=|_;
‰b|_|_;v;Ѵ;1ঞomo=|_;m;‰-11o†mঞm] ourou-|;-m-];l;m|-m7o|_;uu;Ѵ;ˆ-m| m|;um-Ѵ†7b|
roѴb1b;v-m7u-ঞC;7|_;-vv†lrঞomvl-7; ;r-u|l;m|;-7v‰-v=oul†Ѵ-|;7bm †ubm]|_;‹;-uķ|_;o-u7†7b|
0‹|_;l-m-];l;m|7†ubm]|_;|u-mvbঞom ƑƏƐƏ‰b|_|_;]†b7-m1;o=|_;-mhĽv ollb‚;;1omঞm†;7|o=†ѴCѴb|vl-m7-|;
ruo1;vvĺŠ|;um-Ѵ-†7b|ouvbm7;r;m7;m|Ѵ‹ Š|;um-Ѵ†7b|ouvŐumv|ş+o†m]őĺ| |olomb|ou-m7u;ˆb;‰|_;v1or;ķ;Š|;m|
ˆ-Ѵb7-|;7|_;|u-mvbঞom|o" !"ƏƖ ru;v;m|ķ|_;uo†r_b;= bm-m1b-ѴL1;uķ -m7;@;1ঞˆ;m;vvo=|_;-1ঞˆbঞ;vo=
-m7b|vblr-1|om|_;-mhĽv bm-m1b-Ѵ _b;=m|;um-Ѵ†7b|ouķuo†r_b;=!bvh |_;-mhĽvm|;um-Ѵ†7b| ;r-u|l;m|ķ
"|-|;l;m|vķ7†ubm]|_;‹;-uŊ;m7-†7b|ĺ L1;uķuo†r_b;=olrѴb-m1;L1;u bm1Ѵ†7bm]u;ˆb;‰o=|_;ruo]u;vvl-7;om
-m7|_;olr-m‹";1u;|-u‹v;uˆ;bm|_; †7b|-1ঞˆbঞ;v-m7-1_b;ˆ;l;m|v-]-bmv|
"ub-mh-11o†mঞm]"|-m7-u7Ŋ" !"ƐƔ m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm] |_;-mhĽv†7b|Ѵ-mĺ$_;ollb‚;;
Ő!;ˆ;m†;=uolom|u-1|v‰b|_†v|ol;uvő "|;;ubm]ollb‚;;ĺ$_;m|;um-Ѵ†7b| u;ˆb;‰;7|_;m|;um-Ѵ†7b|Ѵ-m-m7
-Ѵvo0;1-l;;@;1ঞˆ;=uolƐv|-m†-u‹ ;r-u|l;m|1-uub;7o†|-v;ub;vo= lomb|ou;7b|vblrѴ;l;m|-ঞom|_uo†]_
ƑƏƐѶĺ$_;-mhķ‰b|_|_;-vvbv|-m1;o= ‰-Ѵh|_uo†]_|;v|v|o;v|-0Ѵbv_|_;bu u;]†Ѵ-u1oll†mb1-ঞomv‰b|_|_;_b;=
-m;Š|;um-Ѵ1omv†Ѵ|-m|ķ1-uub;7o†|-m -7;t†-1‹o=7o1†l;m|;7ruo1;vv;v-m7 m|;um-Ѵ†7b|ouĺ
l-h;-rruorub-|;u;1oll;m7-ঞomv‰_;u;
blr-1|-vv;vvl;m|bmƑƏƐƕķ;vv;mঞ-ѴѴ‹
m;1;vv-u‹ĺ mr-u-ѴѴ;Ѵķu;ˆb;‰v‰;u;-Ѵvo1om7†1|;7|o
=o1†vbm]om|_;l-|;ub-Ѵb|‹om=;;-m7
1ollbvvbombm1ol;1-|;]oub;vĺ[;u -vv;vv|_;;L1b;m1‹o=|_;m|;um-Ѵ†7b|
-v;7omm|;um-Ѵ†7b|ouvĽ-m7Š|;um-Ѵ †m1ঞombmb|v1-r-1b|‹-v|_;ľ$_bu7ŊѴbm;Ŋ
-m-Ѵ‹vbm]|_;1†uu;m|-11o†mঞm]|u;-|l;m|
†7b|ouvĽ-vv;vvl;m|vķ|_;o-u7_-v o=Ŋ7;=;mv;Ŀĺmb|vuoѴ;-v|_;ľ$_bu7ŊѴbm;Ŋ
-]-bmv||_;u;t†bu;l;m|vo=" !"ƐƔķb|
1om1Ѵ†7;7|_-|ķ-vo=ƒƐv| ;1;l0;u o=Ŋ7;=;mv;Ŀķ|_;m|;um-Ѵ†7b| ;r-u|l;m|
‰-v;v|-0Ѵbv_;7|_-||_;-7orঞomo=|_bv
ƑƏƐѶķ|_;-mhĽvm|;um-Ѵom|uoѴˆ;u bvu;t†bu;7|o1om7†1|v‹v|;l-†7b|vķ
11o†mঞm]"|-m7-u77o;vmo|_-ˆ;-
bm-m1b-Ѵ!;rouঞm]bv;@;1ঞˆ;ĺ bu;1|ouvĽ u-m1_ķ,om-ѴL1;-m7;-7L1;
l-|;ub-Ѵblr-1|om|_;-mhĺ
"|-|;l;m|om|_;-mhĽvm|;um-Ѵom|uoѴ ;r-u|l;m|vĽ-†7b|v-v‰;ѴѴ-v ou;mvb1ņ
ˆ;u bm-m1b-Ѵ!;rouঞm]bvruoˆb7;7om u-†7mˆ;vঞ]-ঞomvbmou7;u|oruoˆb7;
$_;o-u7_-v|-h;mbm|o1omvb7;u-ঞom
r-];vƐƖƕşƐƖѶĺ$_;-mhĽvŠ|;um-Ѵ -mbm7;r;m7;m|ķo0f;1ঞˆ;-vv†u-m1;
|_;u;t†bu;l;m|vo=|_;" !"ƐѵŊ;-v;v
†7b|ouv_-ˆ;-†7b|;7|_;;@;1ঞˆ;m;vv -m71omv†Ѵঞm]v;uˆb1;v-77bm]ˆ-Ѵ†;-m7
‰_b1_bv;@;1ঞˆ;=uolƐv|-m†-u‹ƑƏƐƖ
o=|_;-mhĽvm|;um-Ѵom|uoѴˆ;u blruoˆbm]|_;or;u-ঞomv0‹0ubm]bm]-
-m7m;1;vv-u‹v|;rv-u;0;bm]|-h;m|o
bm-m1b-Ѵ!;rouঞm]-m7_-ˆ;u;rou|;7|o v‹v|;l-ঞ1-m77bv1brѴbm;7-rruo-1_|o
-vv;vvb|vblr-1|omCm-m1b-Ѵv|-|;l;m|v
|_;o-u7|_-|mo|_bm]_-v1ol;|o|_;bu ;ˆ-Ѵ†-|;-m7blruoˆ;|_;;@;1ঞˆ;m;vvo=
-m7|o7;vb]mv†b|-0Ѵ;bm|;um-Ѵ1om|uoѴvĺ -‚;mঞom|_-|1-†v;v|_;l|o0;Ѵb;ˆ;|_-| |_;uo†rĽv]oˆ;um-m1;ķubvhl-m-];l;m|
|_;Cm-m1b-Ѵu;rouঞm]‰-vbm1omvbv|;m| -m7bm|;um-Ѵ1om|uoѴvĺ11ou7bm]Ѵ‹ķbmƑƏƐѶ
‰b|_|_;bu†m7;uv|-m7bm]o=|_;ruo1;vv;v |_;m|;um-Ѵ†7b| ;r-u|l;m|1-uub;7o†|
-7or|;70‹|_;o-u7bm|_;u;ˆb;‰o=|_; 1olru;_;mvbˆ;-†7b|v1oˆ;ubm]-ѴѴ-vr;1|v
7;vb]m-m7;@;1ঞˆ;m;vvo=|_;bm|;um-Ѵ o=|_;0†vbm;vvĺ$_;-u;-v1oˆ;u;7-m7|_;
1om|uoѴv‹v|;lo=|_;-mhĺ$_;Š|;um-Ѵ u;]†Ѵ-ub|‹o=-†7b|v‰;u;7;r;m7;m|om|_;

SAMPATH SIMPLIFIED 177

BOARD AUDIT COMMITTEE REPORT

ubvh0o†m7-u‹=ou;-1_v;1ঞomķ‰b|__b]_;u Ɠĺ !;ˆb;‰;7|_;-m-];l;m|;‚;u $_;ollb‚;;_-vu;1oll;m7;7|o

ubvh-u;-vv†0f;1||olou;=u;t†;m|-†7b|vĺ bvv†;70‹|_;Š|;um-Ѵ†7b|ouv |_;o-u7ķ|_-|;vvuvumv|-m7+o†m]ķ
m|_;‹;-u†m7;uu;ˆb;‰ķ|_;m|;um-Ѵ†7b| |o];|_;u‰b|_l-m-];l;m|u;vromv;v _-u|;u;711o†m|-m|vķ0;u;-rrobm|;7
;r-u|l;m|1omঞm†;7b|vľ!oo|-†v; |_;u;|oĺ =ou|_;Cm-m1b-Ѵ‹;-u;m7bm]ƒƐv|
m-Ѵ‹vbvĿruo1;vv‰_b1_‰-vbm|uo7†1;7bm ;1;l0;uƑƏƐƖķv†0f;1||o|_;-rruoˆ-Ѵ
Ɣĺ ;||_;Š|;um-Ѵ†7b|ouvom|‰o
ƑƏƐƕķ-v-|;1_mbt†;|o;Š-lbm;Cm7bm]v o=v_-u;_oѴ7;uv-||_;m;Š|mm†-Ѵ;m;u-Ѵ
o11-vbomv7†ubm]|_;‹;-u‰b|_o†|
o=u-m1_ņ ;r-u|l;m|-†7b|v-m7bvoѴ-|; ;;ঞm]ĺ
|_;Š;1†ঞˆ; bu;1|ouv-m7|_;
rovvb0Ѵ;v‹v|;lb1bvv†;v|o0;;v1-Ѵ-|;7|o
-m-];l;m|0;bm]ru;v;m||o;mv†u;
|_;-m-];l;m|=ou1ouu;1ঞˆ;-1ঞomo= )_bv|Ѵ;Ѵo‰bm]
|_-||_;u;‰-vmoѴblb|-ঞomo=v1or;
|_;m|;um-Ѵ†7b|u;rou|vru;r-u;7om|_bv $_;-mhĽv)_bv|Ѵ;Ѵo‰bm]oѴb1‹
bmu;Ѵ-ঞom|o|_;†7b|-m7|o-ѴѴo‰
0-vbvķƖƐѵu-m1_u;rou|vķƒƖ ;r-u|l;m| 1omঞm†;7|o0;blrѴ;l;m|;7-v-
=ou=†ѴѴ7bv1Ѵov†u;o=-m‹bm1b7;m|vķ
u;rou|v-m7Ɩu;rou|vom"†0vb7b-ub;vķ‰;u; 1olrom;m|o=|_;ourou-|; u-†7!bvh
‰_b1_1o†Ѵ7_-ˆ;_-7-m;]-ঞˆ;
u;ˆb;‰;70‹|_;ollb‚;;7†ubm]ƑƏƐѶķ -m-];l;m| u-l;‰ouhĺ$_;oѴb1‹-ѴѴo‰v
blr-1|om|_;;@;1ঞˆ;m;vvo=|_;
‰b|_u;1oll;m7-ঞomvl-7;|oourou-|; -m‹|;-ll;l0;u‰_o_-v-Ѵ;]bঞl-|;
Š|;um-Ѵ†7b|ĺ|‰-v1om1Ѵ†7;7|_-|
-m-];l;m|-Ѵom]‰b|_=oѴѴo‰†r-1ঞom 1om1;umom-m;Šbvঞm]ouro|;mঞ-Ѵ
|_;u;‰-vmo1-†v;=ou1om1;umĺ
|o;mv†u;|_-|v†]];vঞomv‰;u;-rrѴb;7bm ľ‰uom]7obm]Ŀķ0‹-m‹r;uvom‰b|_bm|_;
ru-1ঞ1;ĺ ѵĺ !;ˆb;‰;7|_;omŊ†7b|";uˆb1;v -mhķ|o1ol;=ou‰-u7ˆoѴ†m|-ubѴ‹ķ-m7
ruoˆb7;70‹|_;Š|;um-Ѵ†7b|ouv-m7 0ubm]v†1_1om1;um|o|_;moঞ1;o=|_;
$_;ollb‚;;-Ѵvou;ˆb;‰;7|_;l-fou ‰-vo=|_;ˆb;‰|_-|v†1_v;uˆb1;v _-bul-mo=|_;o-u7†7b|ollb‚;;
Cm7bm]vo=m|;um-Ѵmˆ;vঞ]-ঞomv1-uub;7 ‰;u;mo|‰b|_bm|_;1-|;]ou‹o= |_uo†]_|_;olr-m‹";1u;|-u‹ĺom1;umv
o†|7†ubm]|_;‹;-uĺ v;uˆb1;vb7;mঞC;7-vruo_b0b|;7 u-bv;7-u;bmˆ;vঞ]-|;7-m7|_;b7;mঞ|‹
†m7;uĹ o=|_;r;uvomu-bvbm]|_;1om1;umbvh;r|
ѴѴm|;um-Ѵ†7b|u;rou|v‰;u;l-7; 1omC7;mঞ-Ѵķˆ;m-mom‹lo†v1olrѴ-bm|v
y $_;]†b7;Ѵbm;vbvv†;70‹|_;
-ˆ-bѴ-0Ѵ;|oŠ|;um-Ѵ†7b|ouv-v‰;ѴѴĺ -u;bmˆ;vঞ]-|;7†m7;u|_;v-b7oѴb1‹ĺ
;m|u-Ѵ-mho="ub-mh-=ou
Š|;um-Ѵ†7b|ouvu;Ѵ-ঞm]|o $_bvruo1;7†u;1omঞm†;v|o0;v|ub1|Ѵ‹
$_;ollb‚;;u;ˆb;‰;7|_;u;vo†u1; lomb|ou;70‹|_;ollb‚;;ĺ
|_;buv|-|†|ou‹7†ঞ;vbm|;ulvo=
u;t†bu;l;m|vo=|_;m|;um-Ѵ†7b|
";1ঞomƒƖo=|_;-mhbm]1|
;r-u|l;m|-m71om7†1|;7r;u=oul-m1; REPORTING TO THE BOARD
oĺƒƏo=ƐƖѶѶĺ
-rru-bv-Ѵvo=ƑƏƐƕ=ou|_;;-7-m7
$_;bm†|;vo=|_;ollb‚;;l;;ঞm]v
v;mbouv|-@l;l0;uvo=|_;m|;um-Ѵ†7b| y $_;†b7;Ѵbm;=oubv|;7
-u;|-0Ѵ;7-||_;o-u7l;;ঞm]v;m-0Ѵbm]
;r-u|l;m|ĺ$_;r;u=oul-m1;;ˆ-Ѵ†-ঞom olr-mb;vom†7b|-m7
-ѴѴo-u7l;l0;uv|o_-ˆ;-11;vv|o|_;lĺ
o=|_;;-7-m7|_;";mbouv|-@l;l0;uv †7b|ollb‚;;vbvv†;70‹
o=|_;m|;um-Ѵ†7b| ;r-u|l;m|=ou |_;";1†ubঞ;v-m7Š1_-m];
PROFESSIONAL ADVICE
|_;‹;-uƑƏƐѶ‰bѴѴ0;1-uub;7o†|0‹|_; ollbvvbomo="ub-mh-ĺ
ollb‚;;7†ubm]|_;Cuv|t†-u|;uo= $_;ollb‚;;_-v|_;-†|_oub|‹|ov;;h
ƕĺ !;ˆb;‰;7|_;;‚;uo=!;ru;v;m|-ঞom ;Š|;um-Ѵruo=;vvbom-Ѵ-7ˆb1;=uolঞl;|o
ƑƏƐƖĺ
bvv†;7|o|_;Š|;um-Ѵ†7b|ouv0‹|_; ঞl;oml-‚;uv‰b|_bmb|vr†uˆb;‰ĺ †ubm]
o-u7ĺ |_;‹;-uķ1omv†Ѵ|-ঞomv‰;u;_;Ѵ7‰b|_
Š|;um-Ѵ†7b|ouv
ˆ-ubo†vruo=;vvbom-Ѵvķoml-‚;uv†m7;u|_;
)b|_u;]-u7|o|_;Š|;um-Ѵ†7b| †m1ঞom Ѷĺ !;ˆb;‰;7|_;;‚;uo=m7;r;m7;m1; ollb‚;;Ľvr†uˆb;‰ĺ
o=|_;-mhķ|_;uoѴ;rѴ-‹;70‹|_; omCul-ঞombvv†;70‹|_;
ollb‚;;‰-v-v=oѴѴo‰vĹ Š|;um-Ѵ†7b|ouv-vu;t†bu;70‹ BOARD AUDIT COMMITTEE
|_;olr-mb;v1|oĺƕo=ƑƏƏƕķ EVALUATION
Ɛĺ &m7;u|ooh|_;-mm†-Ѵ;ˆ-Ѵ†-ঞomo= 1omCulbm]|_-||_;‹7omo|_-ˆ;
|_;m7;r;m7;m1;-m70f;1ঞˆb|‹ $_;-mm†-Ѵ;ˆ-Ѵ†-ঞomo=|_;ollb‚;;
-m‹u;Ѵ-ঞomv_broubm|;u;v|bm|_;
o=|_;Š|;um-Ѵ†7b|ou-m7|_; ‰-v1om7†1|;70‹|_;l;l0;uvo=|_;
1olr-m‹ķ‰_b1_l-‹_-ˆ;-0;-ubm]
;@;1ঞˆ;m;vvo=|_;-†7b|ruo1;vvĺ o-u7†7b|ollb‚;;7†ubm]|_;‹;-u
om|_;bubm7;r;m7;m1;‰b|_bm|_;
-m71om1Ѵ†7;7|_-|b|vr;u=oul-m1;‰-v
Ƒĺ ;|‰b|_|_;Š|;um-Ѵ†7b|ouv l;-mbm]o=|_;o7;o=om7†1|-m7
;@;1ঞˆ;ĺ
|o7bv1†vv|_;bu-†7b|-rruo-1_ |_b1vo=|_;"ub-mh-ĺ
-m7ruo1;7†u;ķbm1Ѵ†7bm]l-‚;uv m0;_-Ѵ=o=|_;o-u7†7b|ollb‚;;
u;Ѵ-ঞm]|o|_;v1or;o=|_;-†7b|-m7 Ɩĺ !;ˆb;‰;7|_;v;uˆb1;r;ubo7o=|_;
†7b|ouvĽm7;r;m7;m1;ĺ ;m]-];l;m|o=|_;Š|;um-Ѵ†7b|
r-u|m;u|o;mv†u;|_-|b|_-vmo|
ƒĺ !;ˆb;‰;7|_;-†7b|;7 bm-m1b-Ѵ ;Š1;;7;7Cˆ;‹;-uvĺ
"|-|;l;m|v‰b|_|_;Š|;um-Ѵ†7b|ouv
!$!
‰_o-u;u;vromvb0Ѵ;=ou;Šru;vvbm]-m
_-bul-mŊo-u7†7b|ollb‚;;
orbmbomomb|v1om=oulb|‹‰b|_|_;"ub
-mh-11o†mঞm]"|-m7-u7vĺ
oѴol0oķ"ub-mh-
ƐƓ|_ ;0u†-u‹ƑƏƐƖ

178 SAMPATH BANK PLC Annual Report 2018

BOARD HUMAN RESOURCES
$! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!

AND REMUNERATION
 !$
"&$!+ !$

COMMITTEE REPORT
$_;o-u7†l-m!;vo†u1;v-m7 ub;=ruoCѴ;vo=|_;l;l0;uv-u;]bˆ;mom SCOPE
!;l†m;u-ঞomollb‚;;Ő|_;ollb‚;;ő r-];vƐѵ|oƑƐo=|_;mm†-Ѵ!;rou|ĺ$_; Ɛĺ $_;ollb‚;;v_-ѴѴ7;|;ulbm;
‰-v;v|-0Ѵbv_;7omƐѶ|_-‹ƐƖѶѶĺ olr-m‹";1u;|-u‹o=|_;-mh=†m1ঞomv |_;u;l†m;u-ঞomroѴb1b;vŐv-Ѵ-ub;vķ
u ;;r-Ѵ"ooub‹--u-1_1_b=†m1ঞom;7 -v|_;";1u;|-u‹|o|_;ollb‚;;ĺ -ѴѴo‰-m1;v-m7o|_;uCm-m1b-Ѵ
-v|_;_-bul-mo=|_;ollb‚;;†r r-‹l;m|vőu;Ѵ-ঞm]|o bu;1|ouvķ_b;=
|o|_;r;ubo7;m7;7ƐƑ|_oˆ;l0;u MEETINGS
Š;1†ঞˆ;L1;uŐņ ő-m7;‹
ƑƏƐѶ-m7‰-vv†11;;7;70‹uv _-u- †ubm]|_;Cm-m1b-Ѵ‹;-u;m7;7ƒƐv| -m-];l;m|;uvomm;ѴŐvőo=
)bf-‹-ঞѴ-h;=uolƐƒ|_oˆ;l0;uƑƏƐѶĺ ;1;l0;uƑƏƐѶķƏƔl;;ঞm]v‰;u; |_;-mhĺ
$_;ollb‚;;Ľv1olrovbঞom7†ubm]|_; _;Ѵ7ĺ$_;-‚;m7-m1;o=|_;l;l0;uv
r;ubo7;m7;7ƒƐv| ;1;l0;uƑƏƐѶbvĹ o=|_;v;l;;ঞm]vbv]bˆ;momr-];ƐƑѵ Ƒĺ $_;ollb‚;;v_-ѴѴv;|]o-Ѵv-m7
o=|_;mm†-Ѵ!;rou|ĺ$_;-m-]bm] |-u];|v=ouņ -m7v
Upto 12th November 2018 bu;1|ouŐ ő-m7|_;uo†r_b;=
u ;;r-Ѵ"ooub‹--u-1_1_b †l-m!;vo†u1;L1;u-v‰;ѴѴ-v ƒĺ $_;ollb‚;;v_-ѴѴ;ˆ-Ѵ†-|;
_-bul-mŐ ņ ő o|_;u;Š;1†ঞˆ;v|-@-‚;m7l;;ঞm]v0‹ |_;r;u=oul-m1;o=|_;-m7
bmˆb|-ঞomom-m;;70-vbv-m7-vvbv|bm|_; v-]-bmv|v;||-u];|v-m7]o-Ѵv
u_-mm--Ѵ-mv†ub‹-
ollb‚;;Ľv7;Ѵb0;u-ঞomv0‹ruoˆb7bm] r;ubo7b1-ѴѴ‹-m77;|;ulbm;|_;0-vbv
Ő ņ ő
u;Ѵ;ˆ-m|bm=oul-ঞom-m7r-uঞ1br-ঞm] =ouu;ˆbvbm]u;l†m;u-ঞomķ0;m;C|v
uv _-u-)bf-‹-ঞѴ-h; bm|_;-m-Ѵ‹vbvo=bm=oul-ঞomķ;Š1;r| -m7o|_;ur-‹l;m|vo=r;u=oul-m1;
Ő ņ ő ‰_;m|_;buo‰m1olr;mv-ঞomr-1h-];v 0-v;7bm1;mঞˆ;vĺ
ouo|_;ul-‚;uvu;Ѵ-ঞm]|o|_;l-u;
vmmbh-";m-m-‹-h;
u;ˆb;‰;7ĺ Ɠĺ $_;ollb‚;;u;ˆb;‰v
Ő ņ ő
u;1oll;m7-ঞomv0‹|_;
uv"-†l‹-l-u-v;h;u- TERMS OF REFERENCE -m-];l;m|‰b|_u;]-u7|o
Ő ņ ő $_;uoѴ;-m7=†m1ঞomvo=|_;ollb‚;; u;l†m;u-ঞom-m7o|_;u0;m;C|v
-u;u;]†Ѵ-|;70‹|_;-mhbm]1| -@ou7;7|o|_;v|-@-m7ru;v;m|
From 13th November 2018 bu;1ঞomoĺƐƐo=ƑƏƏƕķ|_;-m7-|ou‹ v-l;=ou-rruoˆ-Ѵo=|_;o-u7-v
uv _-u-)bf-‹-ঞѴ-h; o7;o=ourou-|;oˆ;um-m1;=ou ‰;ѴѴ-vruoˆb7bm]]†b7-m1;|o|_;
_-bur;uvomŐ ņ ő b1;mv;7oll;u1b-Ѵ-mhvbvv†;70‹|_; -m-];l;m|omu;t†bu;71_-m];v|o
;m|u-Ѵ-mho="ub-mh-ķ‰_bѴv|v;1ঞom v-Ѵ-ub;v-m7o|_;u0;m;C|vķ_-ˆbm]
u_-mm--Ѵ-mv†ub‹-
ĺƐĺƐo=|_;o7;o=;v|u-1ঞ1;om 1omvb7;u;7|_;v|u-|;]b1ruboubঞ;v
Ő ņ ő
ourou-|;oˆ;um-m1;ƑƏƐƕbvv†;70‹ -m77bu;1ঞomo=|_;-mhĺ
uo=-Ѵbh!-m-vbm]_; |_;mvঞ|†|;o=_-u|;u;711o†m|-m|v
Ő ņ ő o="ub-mh-|ou;1oll;m7=ou|_;o-u7 Ɣĺ $_;ollb‚;;v_-ѴѴ|-h;om-m‹
u"-mfbˆ-";m-m-‹-h; o= bu;1|ouv|ov;|Ŋ†r-o-u7"†0 o|_;u-u;-v-m7;mѴ-u];b|vv1or;
Ő ņ ő ollb‚;;om†l-m!;vo†u1;v-m7 bm1-v;v‰_;u;ķbmb|vˆb;‰oubm
!;l†m;u-ঞomĺ |_;o-u7Ľvˆb;‰b|bv-rruorub-|;
u ;;r-Ѵ"ooub‹--u-1_1_b b=b|‰;u;|o0;_-m7Ѵ;70‹|_;
Ő ņ ő ROLE AND RESPONSIBILITIES ollb‚;;ĺ
vmmbh-";m-m-m-‹-h; $_;oˆ;u-ѴѴv1or;o=|_;ollb‚;;bv
Ő ņ ő |oruoˆb7;v|u-|;]b17bu;1ঞom|o0†bѴ7-m PERFORMANCE
;@;1ঞˆ;-m7;L1b;m|†l-m!;vo†u1; u]-mbv-ঞom"|u†1|†u;
uv"-†l‹-l-u-v;h;u-
0-1h]uo†m7=ou|_;-mhĺ-v;7om "|u†1|†u-Ѵ1_-m];v‰;u;bm|uo7†1;70‹
Ő ņ ő
|_;v-b7 bu;1ঞomoĺƐƐo=ƑƏƏƕķ|_; v|u;m]|_;mbm]|_;†vbm;vv"†rrou|
Ő Ŋomm7;r;m7;m| bu;1|ouķ  ollb‚;;-|b|vl;;ঞm]_;Ѵ7omƖ|_ ;m|u;ķ!bvh-m-];l;m|&mb|ķ
Ŋm7;r;m7;m| bu;1|ouķ ŋom †]†v|ƑƏƐƐ-7or|;7|_;=oѴѴo‰bm]v1or; olrѴb-m1;ķ$ķ-u7;m|u;ķ!;1oˆ;ub;v
Š;1†ঞˆ; bu;1|ouőĺ -m7u;vromvb0bѴbঞ;vĸ -u;-v-m7v;মm]†ro= -|-oˆ;um-m1;
-m7"-Ѵ;v&mb|vķbmou7;u|ov|u;-lѴbm;
|_;0†vbm;vvruo1;vv;v|_†v;m_-m1bm]
ruo7†1ঞˆb|‹-m71†v|ol;uv;uˆb1;
v|-m7-u7vĺ

SAMPATH SIMPLIFIED 179

BOARD HUMAN RESOURCES AND
REMUNERATION COMMITTEE REPORT

-u;;u-m7"†11;vvbomѴ-mmbm] 1_b;ˆ;uvĽb|;‰-v_;Ѵ7bm-‹ƑƏƐѶbm PROFESSIONAL ADVICE

omঞm†;7|_;Š;1†ঞˆ;$-Ѵ;m| u;1o]mbঞomo=o†|v|-m7bm]r;u=oul-m1; $_;ollb‚;;_-v|_;-†|_oub|‹|ov;;h
;ˆ;Ѵorl;m|uo]u-ll;-Ѵom]‰b|_ o=bm7bˆb7†-Ѵv-m7|;-lvĺ ;Š|;um-Ѵruo=;vvbom-Ѵ-7ˆb1;oml-‚;uv
olr;|;m1‹-rrbm]|o;mv†u;|_-|-| ‰b|_bmb|vr†uˆb;‰ĺ
m]-];l;m|"†uˆ;‹
Ѵ;-v|ƐĹƐ0-1h†ru-ঞobvl-bm|-bm;7=ou
|_;;‹-m-];l;m|ovbঞomvo=|_; m;m]-];l;m|v†uˆ;‹‰-v1om7†1|;7 BOARD HUMAN RESOURCES AND
-mhĺ |o‰-u7v|_;;m7o=|_;v;1om7t†-u|;uo= REMUNERATION COMMITTEE
|_;‹;-u†m7;uu;ˆb;‰‰b|_oˆ;uƕѶѷo= EVALUATION
m_-m1;7olr;|;m1‹ ;ˆ;Ѵorl;m| |_;;lrѴo‹;;vr-uঞ1br-ঞm]ˆoѴ†m|-ubѴ‹ĺ $_;-mm†-Ѵ;ˆ-Ѵ†-ঞomo=|_;ollb‚;;
$_;-mhĽv1olr;|;m1‹7;ˆ;Ѵorl;m| $_;Cm7bm]v‰;u;;Š|;mvbˆ;Ѵ‹u;ˆb;‰;7 ‰-v1om7†1|;70‹|_;l;l0;uvo=
bmbঞ-ঞˆ;v‰;u;l-bmѴ‹=o1†v;7om 0‹|_;ollb‚;;-m7|_;-u;-v=ou |_;o-u7†l-m!;vo†u1;v-m7
7;ˆ;Ѵorbm]ļ;-7;uv-|-ѴѴѴ;ˆ;ѴvĽ-m7 blruoˆ;l;m|‰;u;bm1ourou-|;7bm|o|_; !;l†m;u-ঞomollb‚;;7†ubm]|_;‹;-u
|obm1†Ѵ1-|;-v-Ѵ;voub;m|;71†Ѵ|†u;ĺ v|u-|;]b;vo=|_;=oѴѴo‰bm]‹;-uĺ -m71om1Ѵ†7;7|_-|b|vr;u=oul-m1;‰-v
-†m1_;7ľ$u-bmbm]$u-1hĿŋ-|_‰-‹|o ;@;1ঞˆ;ĺ
;u=oul-m1;-m-];l;m|"‹v|;l
0;-uo=;vvbom-Ѵ-mh;uķ;uঞC1-ঞom
"†11;vv=†ѴblrѴ;l;m|-ঞomo= APPRECIATION
uo]u-ll;=ou0u-m1_m;|‰ouhĺ
"|u†1|†u;7-m7v‹v|;l-ঞ1-rruo-1_;v ;u=oul-m1;-v;7$;-lom†v"1_;l; $_;ollb‚;;;Š|;m7vb|v]u-ঞ|†7;
‰;u;l-7;|o7;ˆ;Ѵoru;7b|L1;uv u;‰-u7bm]ѶƏѷo=|;-ll;l0;uv‰b|_ |ou ;;r-Ѵ"ooub‹--u-1_1_b=ou
-m7|o;m_-m1;1†v|ol;uv;uˆb1;-m7 l-Šbl†l0om†v;mঞ|Ѵ;l;m|ĺ _bv]†b7-m1;-m71om|ub0†ঞom-v|_;
v;ѴѴbm]vhbѴѴvĺmv†rrou|o=|_;-mhĽv _-bul-mo=|_;ollb‚;;†mঞѴƐƑ|_
"r;1b-Ѵ!;1o]mbঞomvņ1_b;ˆ;l;m|v oˆ;l0;uƑƏƐѶĺ
7b]b|-Ѵu;-7bm;vv-m7|;-ll;l0;uvĽ
1omˆ;mb;m1;ķƔƏѷo=|_;1olr;|;m1‹ $_;-mhu;1;bˆ;7‰-u7v=ou$-Ѵ;m|
7;ˆ;Ѵorl;m|bmbঞ-ঞˆ;v‰;u;1_-mm;ѴѴ;7 -m-];l;m|-m7;v|lrѴo‹;uu-m7 m0;_-Ѵ=o=|_;o-u7†l-m!;vo†u1;v
|_uo†]_omѴbm;ņ7bv|-m1;Ѵ;-umbm]ĺ -|vb-Ľv;v|lrѴo‹;uu-m7‰-u7vŋ -m7!;l†m;u-ঞomollb‚;;
2018
!;‰-u7v=oummoˆ-ঞom-m7;u=oul-m1;
REPORTING TO THE BOARD
Šbvঞm]!;‰-u7v-m7!;1o]mbঞom
"1_;l;v‰;u;;m_-m1;7bmou7;u|o $_;bm†|;vo=|_;ollb‚;;l;;ঞm]v
!)+$
u;1o]mbv;0;v|0†vbm;vv†mb|ņv-m7 -u;|-0Ѵ;7-|o-u7l;;ঞm]v;m-0Ѵbm]-ѴѴ
_-bur;uvomŋo-u7†l-m!;vo†u1;v
bm7bˆb7†-Ѵr;u=oul-m1;v0-v;7omru;Ŋ o-u7l;l0;uv|o_-ˆ;-11;vv|o|_;lĺ
-m7!;l†m;u-ঞomollb‚;;
7;Cm;71ub|;ub-ĺ$_bvbvbm-77bঞom|o
|_;;Šbvঞm]1ub|;ub-‰_;u;bm7bˆb7†-Ѵv oѴol0oķ"ub-mh-
-m7|;-lv-u;u;1o]mbv;7=ou|_;bu ƐƓ|_ ;0u†-u‹ƑƏƐƖ
o†|v|-m7bm]r;u=oul-m1;ĺ buv|;ˆ;u

180 SAMPATH BANK PLC Annual Report 2018

BOARD NOMINATION
$! &$!+ !$
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COMMITTEE REPORT
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$_;o-u7olbm-ঞomollb‚;;Ő|_; ƒĺ -h;vu;1oll;m7-ঞomv|o|_; ƐƓĺ$ol-h;u;1oll;m7-ঞomvom-m‹

ollb‚;;ő‰-v=oul;7omƐƏ|_-m†-u‹ o-u7‰b|_u;]-u7|o-m‹1_-m];vb| o|_;ul-‚;u7;Ѵ;]-|;70‹|_;o-u7
ƑƏƏƑ‰_b1_1olrubv;vƏƔomŊŠ;1†ঞˆ; 1omvb7;uv-rruorub-|;=ou|_;ruo]u;vv o= bu;1|ouvĺ
bu;1|ouvĺ$_;1olrovbঞomo=|_; -m7v†11;vvo=|_;-mhĺ
ollb‚;;-v-|ƒƐv| ;1;l0;uƑƏƐѶbvĹ PERFORMANCE
Ɠĺ !;1oll;m7vv†b|-0Ѵ;r;uvomv-[;u
1-u;=†Ѵ1omvb7;u-ঞom0-v;7om|_; $_;l;l0;uvo=|_;ollb‚;;‰ouh
bvvmmbh-";m-m-‹-h; 1Ѵov;Ѵ‹‰b|_|_;o-u7ķbmu;ˆb;‰bm]|_;
1olr;|;m1b;vu;t†bu;7=ou-r-uঞ1†Ѵ-u
Ő_-bur;uvomőŐ ņ ő v|u†1|†u;-m7vhbѴѴvm;;7;7=ou-v|;-7=-v|ķ
fo0-m7|_;-mhĽv0†vbm;vvm;;7ĺ
u_-mm--Ѵ-mv†ub‹- v|uom]-m7v†11;vv=†Ѵou]-mbv-ঞomĺ
Ɣĺ omvb7;uv-m7u;1oll;m7v|_; †u|_;uķ|_;ollb‚;;-Ѵvou;ˆb;‰vb|v
Ő ņ ő
u;t†bu;l;m|vo=-77bঞom-Ѵņm;‰ o‰mr;u=oul-m1;ķ1omvঞ|†ঞom-m7$;ulv
u"-mfbˆ-";m-m-‹-h; ;Šr;uঞv;o=1†uu;m| bu;1|ouv-m7 o=!;=;u;m1;|o;mv†u;|_-|b|bvor;u-ঞm]
Ő ņ ő u;1oll;m7vv†11;vvbomrѴ-mmbm] ;@;1ঞˆ;Ѵ‹ķ-m7b=u;t†bu;7u;1oll;m7v
=ou bu;1|ouvu;vb]mbm]=uolou m;1;vv-u‹1_-m];vĺ
uv _-u-)bf-‹-ঞѴ-h;
u;Ѵbmt†bv_bm]|_;burovbঞomvouu;ঞubm]ĺ
Ő ņ ő
†ubm]|_;‹;-u†m7;uu;ˆb;‰ķ|_;
ѵĺ -u;=†ѴѴ‹u;ˆb;‰vl-m-];l;m|
uv"-†l‹-l-u-v;h;u- ollb‚;;_-v1omঞm†;7|o=o1†v
ruo]u;vvbom-m7v†11;vvbomrѴ-mmbm]
Ő ņ ő om-ruo]u;vvbˆ;ou]-mbv-ঞom-ѴrѴ-m
=ou|_;;‹-m-];l;m|;uvomm;Ѵ
bmh;;rbm]‰b|_|_;=ou‰-u7-m7
Ővőĺ
Ő Ŋomm7;r;m7;m| bu;1|ouķ  ;ˆoѴ†ঞom-u‹lol;m|†lo=|_;"ub
Ŋm7;r;m7;m| bu;1|ou-m7 Ŋom ƕĺ mv†u;v|_-|l-m-];l;m|r;uvomm;Ѵ -mh-m0-mhbm]bm7†v|u‹ĺ$_;ollb‚;;ķ
Š;1†ঞˆ; bu;1|ouő o=_b]_1-Ѵb0u;-u;-rrobm|;7|o]†b7; _-ˆbm]1omvb7;u;7|_;vhbѴѴvķhmo‰Ѵ;7];ķ
|_;-mh|o-1_b;ˆ;]u;-|;u_;b]_|vĺ ;Šr;uঞv;-m7;Šr;ub;m1;ķl-7;|_;
$_;-m-]bm] bu;1|ouŐ ő-‚;m7v u;1oll;m7-ঞomv|o|_;o-u7|o-rrobm|
Ѷĺ ";|v1ub|;ub-bm1Ѵ†7bm]t†-ѴbC1-ঞomvķ
l;;ঞm]v0‹bmˆb|-ঞomĺ u bѴbr7;")bf;‹;u-|m;-v-omŊ
;Šr;ub;m1;-m7h;‹-‚ub0†|;vu;t†bu;7
Š;1†ঞˆ; bu;1|ouo=|_;-mhĺ
ub;=ruoCѴ;vo=|_;l;l0;uv-u;]bˆ;mom =ou;Ѵb]b0bѴb|‹|o0;1omvb7;u;7=ou
r-];vƐѵ|oƑƐo=|_;mm†-Ѵ!;rou|ĺ$_; -rrobm|l;m|ouruoloঞom|o|_;rov| REPORTING TO THE BOARD
olr-m‹";1u;|-u‹o=|_;-mh=†m1ঞomv o= -m7o|_;uvĺ
$_;bm†|;vo=|_;o-u7olbm-ঞom
-v|_;";1u;|-u‹|o|_;ollb‚;;ĺ Ɩĺ -h;vu;1oll;m7-ঞomv|o|_; ollb‚;;l;;ঞm]v-u;|-0Ѵ;7-|o-u7
o-u7o= bu;1|ouvķ‰b|_u;]-u7|o l;;ঞm]vruoˆb7bm]-ѴѴo-u7l;l0;uv
MEETINGS -11;vv|ov-l;
|_;rovbঞomvo= -m7v-v
†ubm]ƑƏƐѶ|_;ollb‚;;_;Ѵ7ƐƐ -m7‰_;mˆ-1-m1b;vo11†uķ;ˆ-Ѵ†-ঞm]
l;;ঞm]vĺ‚;m7-m1;0‹|_;ollb‚;; |_;0-Ѵ-m1;o=vhbѴѴvķhmo‰Ѵ;7];-m7 PROFESSIONAL ADVICE
l;l0;uv-|;-1_o=|_;v;l;;ঞm]vbv ;Šr;ub;m1;o=|_;o-u70;=ou;v†1_ $_;ollb‚;;_-v|_;-†|_oub|‹|ov;;h
]bˆ;mbm|_;|-0Ѵ;omr-];ƐƑѵo=|_; -rrobm|l;m|ĺ ;Š|;um-Ѵruo=;vvbom-Ѵ-7ˆb1;oml-‚;uv
mm†-Ѵ!;rou|ĺ †m7;ub|vr†uˆb;‰ĺ
ƐƏĺ ouru;r-ubm]-7;v1ubrঞomo=|_;
TERMS OF REFERENCE uoѴ;ņrovbঞom|_-|bvˆ-1-|;7ķ1Ѵ;-uѴ‹ BOARD NOMINATION COMMITTEE
-m-Ѵ‹vbm]|_;1-r-0bѴbঞ;v-m7vhbѴѴv EVALUATION
$_;uoѴ;-m7=†m1ঞomvo=|_;ollb‚;;
u;t†bu;7=ou-r-uঞ1†Ѵ-u-rrobm|l;m|ĺ
-u;u;]†Ѵ-|;70‹|_;-mhbm]1| bu;1ঞom $_;-mm†-Ѵ;ˆ-Ѵ†-ঞomo=|_;ollb‚;;
oĺƐƐo=ƑƏƏƕķ|_;-m7-|ou‹o7; ƐƐĺ oul-hbm]u;1oll;m7-ঞomv-[;u ‰-v1om7†1|;70‹|_;l;l0;uvo=|_;
o=ourou-|;oˆ;um-m1;=oub1;mv;7 u;ˆb;‰|ou;Ŋ-rrobm|omŊŠ;1†ঞˆ; o-u7olbm-ঞomollb‚;;7†ubm]|_;
oll;u1b-Ѵ-mhvbvv†;70‹|_;;m|u-Ѵ bu;1|ouv-mm†-ѴѴ‹-vu;1oll;m7;7 ‹;-u-m71om1Ѵ†7;7|_-|b|vr;u=oul-m1;
-mho="ub-mh-Ő"ő-m7bv1olrѴb-m| 0‹"]†b7;Ѵbm;v-m7‰_;m|_;‹ ‰-v;@;1ঞˆ;ĺ
‰b|_|_;u;t†bu;l;m|vv;|o†|bm|_;o7; -u;7†;=ouu;Ŋ-rrobm|l;m|-vr;u|_;
o=;v|u-1ঞ1;omourou-|;oˆ;um-m1; uঞ1Ѵ;vo=vvo1b-ঞomo=|_;-mhĺ m0;_-Ѵ=o=|_;o-u7olbm-ঞom
ƑƏƐƕbvv†;70‹|_;mvঞ|†|;o=_-u|;u;7 ollb‚;;
11o†m|-m|vķ"ub-mh-ĺ ƐƑĺ ou;mv†ubm]|_-| bu;1|ouvķ -m7
v-u;C|-m7ruor;ur;uvomv|o
ROLE AND RESPONSIBILITIES _oѴ7oL1;bm1olrѴb-m1;‰b|_|_;
u;]†Ѵ-|ou‹-m7v|-|†|ou‹ruoˆbvbomvĺ
Ɛĺ omঞm†o†vѴ‹u;ˆb;‰v|_;v|u†1|†u;
-m71olrovbঞomo=|_;o-u7o= Ɛƒĺ ou;mv†ubm]|_-|b|bv1_-bu;70‹ "+
bu;1|ouvŐ|_;o-u7őĺ -mm7;r;m7;m| bu;1|ou-m7bv _-bur;uvomŊo-u7olbm-ঞom
1omvঞ|†|;7‰b|_-l-foub|‹o= ollb‚;;
Ƒĺ !;ˆb;‰v|_;vhbѴѴvķhmo‰Ѵ;7];ķ
m7;r;m7;m| bu;1|ouvĺ oѴol0oķ"ub-mh-
;Šr;uঞv;-m7;Šr;ub;m1;o=|_;o-u7
u;t†bu;7bm1olr-ubvom|o|_;1†uu;m| ƐƓ|_ ;0u†-u‹ƑƏƐƖ
0-mhbm];mˆbuoml;m|ĺ

SAMPATH SIMPLIFIED 181

BOARD INTEGRATED RISK
MANAGEMENT COMMITTEE REPORT
GRIƐƏƑŊƒƏ

$_;o-u7m|;]u-|;7!bvh-m-];l;m| ub;=ruoCѴ;vo=|_; bu;1|ouv ѵĺ mv†ubm];@;1ঞˆ;7;vb]m

ollb‚;;Ő|_;ollb‚;;ő‰-v u;ru;v;mঞm]|_;ollb‚;;-u;]bˆ;m -m7blrѴ;l;m|-ঞomo=-!bvh
;v|-0Ѵbv_;7omƑƕ|_-u1_ƑƏƏѶ-v- omr-];vƐѵ|oƑƐo=|_;mm†-Ѵ!;rou|ĺ -m-];l;m| u-l;‰ouh‰b|_u;vr;1|
"†0Ŋollb‚;;o=|_;o-u7o= bu;1|ouv $_;olr-m‹";1u;|-u‹=†m1ঞomv-v|_; |om|;]u-|;7!bvh-m-];l;m|ķ!bvh
Ő|_;o-u7őbm1olrѴb-m1;‰b|_|_; ";1u;|-u‹|o|_;ollb‚;;ĺ rr;ঞ|;ķm|;um-Ѵ-rb|-Ѵ7;t†-1‹
-mhbm]1| bu;1ঞomoĺƐƐo=ƑƏƏƕ vv;vvl;m|uo1;vvŐő-m7
omourou-|;oˆ;um-m1;=oub1;mv;7 MEETINGS "|u;vv$;vঞm]ĺ
oll;u1b-Ѵ-mhvbm"ub-mh-ĺu;ˆb;‰ $_;ollb‚;;_;Ѵ7Əѵl;;ঞm]v7†ubm]
ƕĺ m1o†u-]bm]-ruo-1ঞˆ;ķ=ou‰-u7
o=|_;m|;]u-|;7!bvh-m-];l;m| |_;‹;-uƑƏƐѶĺ$_;-‚;m7-m1;o=|_;
Ѵoohbm]ubvh-‰-u;m;vv1†Ѵ|†u;‰b|_bm
ruo1;vvo=|_;-mh_-v0;;m7;|-bѴ;7bm ollb‚;;l;l0;uv-|;-1_o=|_;v;
|_;-mh
r-];vƐƐѵ|oƐƑƐo=|_;mm†-Ѵ!;rou|ĺ l;;ঞm]vbv]bˆ;mbm|_;|-0Ѵ;omr-];
ƐƑѵo=|_;mm†-Ѵ!;rou|ĺ GOVERNANCE
MEMBERS:
TERMS OF REFERENCE $_;]oˆ;um-m1;v|u†1|†u;=ou|_;
$_;ollb‚;;1olrubv;v=o†uomŊ
l-m-];l;m|o=!bvh-||_;-mhbvv;|o†|
Š;1†ঞˆ; bu;1|ouvķom;Š;1†ঞˆ; $_;u;vromvb0bѴbঞ;vo=|_;ollb‚;;-v
bm|_;!bvh-m-];l;m|!;rou|]bˆ;mom
bu;1|ou-m7|‰ol;l0;uv=uol|_; l-m7-|;70‹|_;o-u7bm1Ѵ†7;Ĺ
r-];vƐƐѵ|oƐƑƐo=|_;mm†-Ѵ!;rou|ĺ
-m-];l;m|-v]bˆ;m0;Ѵo‰ĺ
Ɛĺ vv;vvbm]-ѴѴubvhvbm1Ѵ†7bm]1u;7b|ķ ROLE AND RESPONSIBILITIES
Board representatives: l-uh;|ķѴbt†b7b|‹ķor;u-ঞom-Ѵ-m7
$_;ollb‚;;u;1;bˆ;vr;ubo7b1u;rou|v
u"-mfbˆ-";m-m-‹-h; v|u-|;]b1ubvhv|o|_;-mhom-
om|_;-mhĽvr;u=oul-m1;-]-bmv|;‹
Ő ņ őŐ_-bul-mő lom|_Ѵ‹0-vbv|_uo†]_-rruorub-|;
!bvhm7b1-|ouv=uol|_;!bvh-m-];l;m|
ubvhbm7b1-|ouv-m7l-m-];l;m|
u ;;r-Ѵ"ooub‹--u-1_1_b &mb|-m7;‹;u=oul-m1;m7b1-|ouv
bm=oul-ঞom-m7bm|_;bmv|-m1;o=
Ő ņ ő =uololrѴb-m1; ;r-u|l;m|ĺ$_;
v†0vb7b-u‹1olr-mb;vķom-mh-m7
bvvmmbh-";m-m-‹-h; u;rou|v-m7|_;u;Ѵ;ˆ-m|0-1h]uo†m7
uo†r0-vbvĺ
Ő ņ ő bm=oul-ঞom_-ˆ;0;;mu;ˆb;‰;7bm7;r|_
Ƒĺ !;ˆb;‰bm]|_;-7;t†-1‹-m7 -m7m;1;vv-u‹!bvhbঞ]-ঞoml;-v†u;v
uv"-†l‹-l-u-v;h;u- ;@;1ঞˆ;m;vvo=-ѴѴl-m-];l;m| _-ˆ;0;;mbmbঞ-|;7‰_;u;m;1;vv-u‹ķbm
Ő ņ ő Ѵ;ˆ;Ѵ1ollb‚;;vv†1_-vu;7b| ou7;u|ol-bm|-bm|_;-mhĽv;Šrov†u;
u-m7- ;um-m7o oѴb1‹ķ!bvh-m7ouoѴbo!;ˆb;‰ |o!bvh‰b|_bmb|v!bvhrr;ঞ|;Ѵblb|v-m7
Ő ő ollb‚;;ķ|o-77u;vvvr;1bC1 |o=-1bѴb|-|;1olrѴb-m1;‰b|_u;]†Ѵ-|ou‹
ubvhv-m7l-m-];|_ov;ubvhv‰b|_bm u;t†bu;l;m|vķ‰_bѴ;=-1bѴb|-ঞm]|_;
Ő Ŋomm7;r;m7;m| bu;1|ouķ  t†-mঞ|-ঞˆ;-m7t†-Ѵb|-ঞˆ;ubvhѴblb|v -1_b;ˆ;l;m|o=vo†m70†vbm;vvu;v†Ѵ|vĺ
Ŋm7;r;m7;m| bu;1|ouķ ŋom vr;1bC;70‹|_;ollb‚;;ĺ
Š;1†ঞˆ; bu;1|ou-m7 ŊŠ;1†ঞˆ; $_;ollb‚;;bvv†rrou|;70‹|_;
ƒĺ mv†ubm]|_-|ruo1;vv;v-u;bm
bu;1|ouő !bvh-m-];l;m|&mb|-m7olrѴb-m1;
rѴ-1;|ol-bm|-bmubvhv‰b|_bm
;r-u|l;m|o=|_;-mhķ_;-7;70‹|_;
r-u-l;|;uvv;|0‹|_;-mhĽvroѴb1b;v
Management representatives: uo†r_b;=!bvhL1;u-m7|_;uo†r
bm1olrѴb-m1;‰b|_u;]†Ѵ-|ou‹ķ
uv1_-Ѵ-)b1hu;l-u-|m; olrѴb-m1;L1;uu;vr;1ঞˆ;Ѵ‹ķbm
v†r;uˆbvou‹-m7ourou-|;
Őuo†r_b;=!bvhL1;uő 7bv1_-u]bm]b|vu;vromvb0bѴbঞ;vĺ
oˆ;um-m1;u;t†bu;l;m|v
u-v-m|_-";m-u-|m; Ɠĺ vv;vvbm]-ѴѴ-vr;1|vo=!bvh !"$$
Őuo†rolrѴb-m1;L1;uő -m-];l;m|-m7olrѴb-m1;-u; $_;!bvhrr;ঞ|;o=|_;-mhbm-ѴѴh;‹
Ő&r|oƒƐv| ;1;l0;uƑƏƐѶő -77u;vv;7bm-1olru;_;mvbˆ; ubvh-u;-vķm-l;Ѵ‹ķu;7b|!bvhķ-uh;|
u"bvbu- -0-u; †vbm;vvomঞm†b|‹Ѵ-mĺ !bvh-m7r;u-ঞom-Ѵ!bvhķ_-ˆ;0;;m
Őrrobm|;7-v|_;uo†r_b;= 7;Cm;7-m7-rruoˆ;70‹|_;o-u7om
Ɣĺ omb|oubm]-7_;u;m1;|o!bvh
olrѴb-m1;L1;u‰ĺ;ĺ=ĺƐv|-m†-u‹ |_;u;1oll;m7-ঞomo=|_;ollb‚;;ĺ
-m-];l;m|roѴb1b;vo=|_;-mh
ƑƏƐƖĺő !;]†Ѵ-uu;rou|v_-ˆ;0;;mruoˆb7;7|o
r;u|-bmbm]|ou;7b|ķ-uh;|ķbt†b7b|‹
|_;ollb‚;;om|_;-1|†-Ѵr;u=oul-m1;
;‹-m-];l;m|;uvomm;ѴŐvő r;u-ঞom-Ѵķ!;r†|-ঞom-Ѵķ"|u-|;]b1
o=b7;mঞC;7ubvh-u;-vĺ
v†r;uˆbvbm]u;7b|ķ-uh;|ķbt†b7b|‹ķ -m7olrѴb-m1;!bvhvķ†vbm;vv
r;u-ঞom-Ѵ-m7"|u-|;]b1!bvhv-Ѵvo omঞm†b|‹Ѵ-m-m7 bv-v|;u
-‚;m7;7l;;ঞm]vo=|_;ollb‚;;ķ0‹ !;1oˆ;u‹Ѵ-m-m7u;1oll;m7|o|_;
bmˆb|-ঞomĺ o-u7-v-m7‰_;mu;t†bu;7ĺ

182 SAMPATH BANK PLC Annual Report 2018

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-1ঞˆbঞ;vbm7bv1_-u]bm]b|vu;vromvb0bѴbঞ;v !;]†Ѵ-|oubmƑƏƐѶķ‰;ѴѴ0;=ou;|_; -u;|-0Ѵ;7-|o-u7l;;ঞm]vķruoˆb7bm]
7†ubm]|_;‹;-uĹ u;]†Ѵ-|ou‹ঞl;Ѵbm;ĺ -11;vv=ouv-l;|o-ѴѴl;l0;uvĺ
Ɛĺ !bvhrr;ঞ|;Ĺ ƕĺ olrѴb-m1;Ĺ
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u;ˆb;‰;7-m7-rruoˆ;70‹|_;

SAMPATH SIMPLIFIED 183

BOARD RELATED PARTY TRANSACTIONS
REVIEW COMMITTEE REPORT

$_;o-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv $_;olr-m‹";1u;|-u‹=†m1ঞomv-v|_; REVIEW FUNCTION OF THE

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uo=-Ѵbh!-m-vbm]_; mm†-Ѵ!;rou|ĺ "|-|;l;m|vĺ
Ő ņ ő
TERMS OF REFERENCE REPORTING TO THE BOARD
u"-mfbˆ-";m-m-‹-h; $_;$;ulvo=!;=;u;m1;o=|_;ollb‚;; $_;bm†|;vo=|_;l;;ঞm]vo=|_;
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ollb‚;;=ouu;ˆb;‰ĺ

184 SAMPATH BANK PLC Annual Report 2018

 5
FINANCIAL
INFORMATION

bm-m1b-Ѵ-Ѵ;m7-u186
mm†-Ѵ!;rou|o=|_;o-u7o= bu;1|ouvom|_;@-buvo=|_;olr-m‹187
bu;1|ouvĽm|;u;v|bmom|u-1|v‰b|_|_;-mh196
bu;1|ouvĽ"|-|;l;m|omm|;um-Ѵom|uoѴoˆ;u bm-m1b-Ѵ!;rouঞm]197
m7;r;m7;m|vv†u-m1;!;rou||o|_;o-u7o= bu;1|ouvo="-lr-|_-mh199
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"|-|;l;m|o= bu;1|ouvĽ!;vromvb0bѴb|‹=ou bm-m1b-Ѵ!;rouঞm]201
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SAMPATH SIMPLIFIED 185

FINANCIAL CALENDAR

bm-m1b-Ѵ-Ѵ;m7-uŊƑƏƐѶ

2017 Annual Report and Audited Financial Statements signed on 15th February 2018
32nd Annual General Meeting held on 29th March 2018
Rs 17.20 per share Scrip Dividend for 2017 distributed on 26th April 2018
2018 Annual Report and Audited Financial Statements signed on 14th February 2019
33rd Annual General Meeting to be held on 29th March 2019
Rs 5.00 per share Final Cash Dividend for 2018 distributable on 09th April 2019*
Rs 11.25 per share Final Scrip Dividend for 2018 distributable on 09th April 2019*

Interim Financial Statements published in terms of Rule 7.4 of the Colombo Stock Exchange (CSE) and as per the requirements
of the Central Bank of Sri Lanka:

oѴol0o"|o1h ;‰vr-r;uvŐ-vu;t†bu;70‹"ő
Š1_-m]; m]Ѵbv_ "bm_-Ѵ- $-lbѴ

2017 4th Quarter interim results released on 16th February 2018 26th February 2018 27th February 2018 27th February 2018
2018 1st Quarter interim results released on 04th May 2018 14th May 2018 16th May 2018 16th May 2018
2018 2nd Quarter interim results released on 03rd August 2018 10th August 2018 13th August 2018 13th August 2018
2018 3rd Quarter interim results released on 13th November 2018 19th November 2018 21st November 2018 21st November 2018

uorov;7 bm-m1b-Ѵ-Ѵ;m7-uŊƑƏƐƖ

2019 Annual Report and Audited Financial Statements to be signed in February 2020
34th Annual General Meeting to be held in March 2020
Dividend for 2019 to be payable in April 2020**

Interim Financial Statements to be published in terms of Rule 7.4 of the Colombo Stock Exchange and as per the requirements
of the Central Bank of Sri Lanka:

oѴol0o"|o1h ;‰vr-r;uvŐ-vu;t†bu;70‹"ő
Š1_-m]; m]Ѵbv_ "bm_-Ѵ- $-lbѴ

2018 4th Quarter interim results to be 15th February 2019 31st March 2019 31st March 2019 31st March 2019
released on or before
2019 1st Quarter interim results to be 15th May 2019 31st May 2019 31st May 2019 31st May 2019
released on or before
2019 2nd Quarter interim results to be 15th August 2019 31st August 2019 31st August 2019 31st August 2019
released on or before
2019 3rd Quarter interim results to be 15th November 2019 30th November 2019 30th November 2019 30th November 2019
released on or before
2019 4th Quarter interim results to be 28th February 2020 31st March 2020 31st March 2020 31st March 2020
released on or before

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186 SAMPATH BANK PLC Annual Report 2018

ANNUAL REPORT OF THE
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BOARD OF DIRECTORS
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ON THE AFFAIRS OF THE

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-Lul;7-mhĽv-ঞom-Ѵom]$;ul r-‹l;m|]-|;‰-‹ķlom;‹u;lb‚-m1;
"|o1hŠ1_-m];-m7bv-Ѵvo]†b7;70‹
!-ঞm]o=ƳŐѴh-ő‰b|_v|-0Ѵ;o†|Ѵooh =-1bѴbঞ;vķr-‰mbm]ķѴ;-vbm]ķ=-1|oubm]ķ
|_;u;1oll;m7;70;v|ru-1ঞ1;vom
and subordinated debentures at _bu;r†u1_-v;ķ|u-ˆ;Ѵu;Ѵ-|;7v;uˆb1;v
ourou-|;oˆ;um-m1;ĺ
ļŐѴh-őĽĺoo7‹Ľvmˆ;v|ouv";uˆb1; -m77;-Ѵbm]bmoˆ;uml;m|";1†ubঞ;v
Őľoo7‹ĽvĿő_-v-vvb]m;7-mvv†;u ;|1ĺ
 $_bv!;rou|‰-v-rruoˆ;70‹|_;
o-u7o= bu;1|ouvomƐƓ|_ ;0u†-u‹ -m7om]$;ulo1-Ѵ†uu;m1‹
;rovb|!-ঞm]o=Ƒ‰b|_v|-0Ѵ; 3.2 Subsidiaries
ƑƏƐƖĺ$_;-rruorub-|;m†l0;uo=
1orb;vo=|_;mm†-Ѵ!;rou|‰bѴѴ0; o†|Ѵoohĺ  $_;-mho‰mv=o†uv†0vb7b-ub;v-v
v†0lb‚;7|o|_;oѴol0o"|o1h -|ƒƐv| ;1;l0;uƑƏƐѶĺ-l;vo=
Š1_-m];ķ!;]bv|u-uo=olr-mb;v  $_;!;]bv|;u;7L1;-v‰;ѴѴ-v|_; |_;v†0vb7b-ub;v-m7|_;burubm1br-Ѵ
-m7|o|_;"ub-mh-11o†mঞm]-m7 ;-7L1;o=|_;-mhbvѴo1-|;7-| 0†vbm;vv-1ঞˆbঞ;v-u;-v|-0†Ѵ-|;7
†7bঞm]"|-m7-u7omb|oubm]o-u7 oĺƐƐƏķ"bu-l;v;bubv-‰-|_-ķ 0;Ѵo‰Ĺ
‰b|_bm|_;v|-|†|ou‹7;-7Ѵbm;vĺ oѴol0oƏƑķ"ub-mh-ĺ

mঞ|‹ ubm1br-Ѵ†vbm;vv1ঞˆbঞ;v

"b‹-r-|_- bm-m1; u-mঞm]Ѵ;-vbm]ķ_bu;r†u1_-v;ķ=-1|oubm]şo|_;uѴo-m=-1bѴbঞ;vş-11;rঞm]7;rovb|v

"-lr-|_;m|u;blb|;7 !;mঞm]o=1oll;u1b-Ѵruor;u|‹
"";1†ubঞ;vŐˆ|őblb|;7 "|o1h0uohbm]
"-lr-|_m=oul-ঞom$;1_moѴo]‹ "o[‰-u;7;ˆ;Ѵorl;m|ķu;mঞm]o=$;t†brl;m|ķ$v;uˆb1;vo†|vo†u1bm]-m77o1†l;m|
"oѴ†ঞomvblb|;7 l-m-];l;m|v;uˆb1;vĺ

SAMPATH SIMPLIFIED 187

ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE
AFFAIRS OF THE COMPANY

4 CHANGES TO THE GROUP ƒƒőķ|_;-m-]bm] bu;1|ouĽv!;ˆb;‰ bm|;]u-Ѵr-u|o=|_;mm†-Ѵ!;rou|o=

STRUCTURE Őr-];vƒƓ|oƒƕőķ-m7-m-];l;m| |_;o-u7o= bu;1|ouvĺ
 $_;-mhbmˆ;v|;7-m-77bঞom-Ѵ bv1†vvbom-m7m-Ѵ‹vbvŐr-];vƓƖ|o
!vƑƔƏmbm"-lr-|_m=oul-ঞom ƐƐƓőĺ$_;v;u;rou|v=oul-mbm|;]u-Ѵ 9 AUDITORS’ REPORT
$;1_moѴo]‹"oѴ†ঞomvblb|;7om r-u|o=|_;mm†-Ѵ!;rou|o=|_;  $_;†7b|ouvo=|_;-mh-u;
Ƒm7-m†-u‹ƑƏƐѶĺ$_;-mh-Ѵvo o-u7o= bu;1|ouvĺ ;vvuvumv|ş+o†m]ķ_-u|;u;7
bm1u;-v;7b|vbmˆ;v|l;m|bm"b‹-r-|_- 11o†m|-m|vĺ;vvuvumv|ş+o†m]
bm-m1;0‹!v ѵƔƏ m7†ubm] 7 FINANCIAL STATEMENTS 1-uub;7o†||_;-†7b|om|_; bm-m1b-Ѵ
ƑƏƐѶŐ!vƑƔƏmomƐƑ|_-m†-u‹  $_; bm-m1b-Ѵ"|-|;l;m|vo=|_; "|-|;l;m|vo=|_;uo†r-m7|_;
ƑƏƐѶ-m7!vƓƏƏmomƑƖ|_ uo†r-m7|_;-mh_-ˆ;0;;m -mh=ou|_;‹;-u;m7;7ƒƐv|
oˆ;l0;uƑƏƐѶő-v"b‹-r-|_- ru;r-u;7bm-11ou7-m1;‰b|_|_; ;1;l0;uƑƏƐѶ-m7|_;buu;rou|
u;t†bu;7-77bঞom-Ѵ1-rb|-Ѵ|o "ub-mh-11o†mঞm]"|-m7-u7v om|_ov; bm-m1b-Ѵ"|-|;l;m|vķ-v
l;;|-v;Ѵ1-rb|-Ѵ-7;t†-1‹ Ő" !"vş"vőѴ-b77o‰m0‹|_; u;t†bu;70‹";1ঞomƐѵѶŐƐőŐ1őo=|_;
u;t†bu;l;m|vĺ$_;u;‰;u;moo|_;u mvঞ|†|;o=_-u|;u;711o†m|-m|v olr-mb;v1|bv]bˆ;momr-];vƑƏƒ
1_-m];vl-7;|o|_;uo†rv|u†1|†u; o="ub-mh-ķ-m71olrѴ‹‰b|_|_; |oƑƏƔĺ
7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺ u;t†bu;l;m|vo=|_;olr-mb;v
1|oĺƕo=ƑƏƏƕķ|_;-mhbm] 10 SIGNIFICANT ACCOUNTING
5 REVIEW OF OPERATIONS 1|oĺƒƏo=ƐƖѶѶ-m7u;]†Ѵ-|ou‹ POLICIES
 u;ˆb;‰o=|_;Cm-m1b-Ѵ-m7 u;t†bu;l;m|vbm1Ѵ†vbˆ;o=vr;1bC1  $_;vb]mbC1-m|-11o†mঞm]roѴb1b;v
or;u-ঞom-Ѵr;u=oul-m1;o=|_; 7bv1Ѵov†u;vĺ$_;-=ou;l;mঞom;7 -7or|;7bm|_;ru;r-u-ঞomo=|_;
-mh-m7|_;uo†r|o];|_;u‰b|_ bm-m1b-Ѵ"|-|;l;m|v=ou|_;‹;-u bm-m1b-Ѵ"|-|;l;m|v-u;]bˆ;mom
blrou|-m|;ˆ;m|v|_-||oohrѴ-1; ;m7;7ƒƐv| ;1;l0;uƑƏƐѶ7†Ѵ‹ r-];vƑƐƓ|oƒƔѵ-vu;t†bu;70‹
7†ubm]|_;‹;-uƑƏƐѶ-vu;t†bu;7 vb]m;70‹|_;uo†r_b;= bm-m1b-Ѵ ";1ঞomƐѵѶŐƐőŐ7őo=|_;olr-mb;v
0‹|_;";1ঞomƐѵѶŐƐőŐ-őo=|_; L1;uķ|_u;; bu;1|ouvo=|_;-mh 1|ĺ
olr-mb;v1|-u;1om|-bm;7bm|_; -m7|_;olr-m‹";1u;|-u‹-u;]bˆ;m
_-bul-mĽv;vv-];Őr-];vƒƏ|o omr-];vƑƏѵ|oƒƔѵ‰_b1_=oul-m 11 FINANCIAL RESULTS AND
ƒƒőķ|_;-m-]bm] bu;1|ouĽv!;ˆb;‰ bm|;]u-Ѵr-u|o=|_bvmm†-Ѵ!;rou| APPROPRIATIONS
Őr-];vƒƓ|oƒƕőķ-m7-m-];l;m| o=|_;o-u7o= bu;1|ouvŐ-vr;u|_;
11.1 Income
bv1†vvbom-m7m-Ѵ‹vbvŐr-];vƓƖ|o ";1ঞomƐѵѶŐƐőŐ0őo=|_;olr-mb;v
1|őĺ  $_;]uovvbm1ol;o=|_;uo†r=ou
ƐƐƓőĺ$_;v;u;rou|v=oul-mbm|;]u-Ѵ
ƑƏƐѶ‰-v!vƐƑƐķѶѶƒķѶƒƔķƏƏƏņŊ
r-u|o=|_;mm†-Ѵ!;rou|o=|_;
8 DIRECTORS’ RESPONSIBILITY ŐƑƏƐƕĹ!vƖƕķƓƓƏķƑƑƏķƏƏƏņŊő‰_bѴv|
o-u7o= bu;1|ouvĺ
FOR FINANCIAL REPORTING |_;-mhĽv]uovvbm1ol;‰-v!v
ƐƐƔķƒƐƏķƑƔƐķƏƏƏņŊŐƑƏƐƕĹ!v
6 FUTURE DEVELOPMENTS  $_; bu;1|ouv-u;u;vromvb0Ѵ;
ƖƑķƔѶƖķƕѶƔķƏƏƏņŊőĺm-m-Ѵ‹vbvo=|_;
 $_;-mh=o1†v;vom-0†vbm;vv =ou|_;ru;r-u-ঞomo= bm-m1b-Ѵ
]uovvbm1ol;bv]bˆ;mbmo|;ƕ|o
;Šr-mvbom7ubˆ;|_uo†]_|_;;Šbvঞm] "|-|;l;m|vo=|_;uo†r-m7|_;
|_; bm-m1b-Ѵ"|-|;l;m|v
u-m1_;|‰ouhķ1om1;m|u-ঞm] -mh|ou;Y;1|-|u†;-m7=-buˆb;‰
l-bmѴ‹omb|v1ou;0-mhbm]or;u-ঞomv o=b|vv|-|;o=-@-buvĺ$_; bu;1|ouv
ƐƐĺƑuoC|-m7rruorub-ঞomv
|obm1u;-v;b|vl-uh;|v_-u;-m7 -u;o=|_;ˆb;‰|_-||_;v; bm-m1b-Ѵ
"|-|;l;m|v-rr;-ubm]omr-];v  $_;uo†r_-vu;1ou7;7-ruoC|
ruoC|-0bѴb|‹ĺ$_bv‰bѴѴ0;=†u|_;u
ƑƏѵ|oƒƔѵ_-ˆ;0;;mru;r-u;7bm 0;=ou;|-Š]uo‰|_o=ƖĺƑѷbmƑƏƐѶ
v†rrѴ;l;m|;70‹-lou;ˆb]ouo†v
1om=oulb|‹‰b|_|_;u;t†bu;l;m|v ‰_bѴv|b|vruoC|-[;u|-Š_-vu;7†1;7
7ubˆ;ombmmoˆ-ঞˆ;ruo7†1|
o=|_;"ub-mh-11o†mঞm] 0‹Əĺѵѷ1olr-u;7|oƑƏƐƕĺ$_;
7;ˆ;Ѵorl;m|ķruo1;vvblruoˆ;l;m|v
"|-m7-u7vķolr-mb;v1|ķ"ub-mh- -mhĽvruoC|0;=ou;|-Š-m7ruoC|
-m7v|-@7;ˆ;Ѵorl;m|ķ-bl;7
11o†mঞm]-m7†7bঞm]"|-m7-u7v -[;u|-Š=ou|_;‹;-u|oou;1ou7;7
-|=†ѴCѴѴbm]|_;u-rb7Ѵ‹1_-m]bm]
1|oĺƐƔo=ƐƖƖƔķ|_;-mhbm] -]uo‰|_o=ƐƏĺƔѷ-m7Əĺƒѷ
1†v|ol;um;;7vbm|_;1_-ѴѴ;m]bm]
1|-m7-l;m7l;m|v|_;u;|oķ u;vr;1ঞˆ;Ѵ‹oˆ;uƑƏƐƕĺuo†rĽv$o|-Ѵ
l-uh;|1om7bঞomv-m7l-Šblbvbm]
|_;bvঞm]!†Ѵ;vo=|_;oѴol0o olru;_;mvbˆ;m1ol;Őm;|o=|-Šő
|_;ˆ-Ѵ†;‰;1u;-|;=ou-ѴѴ|_;
"|o1hŠ1_-m];-m7|_;-mhbm] =ou|_;‹;-ubv!vƐƐķƓƒƐķƖѶƖķƏƏƏņŊ
v|-h;_oѴ7;uvĺom;‰0u-m1_;v
1| bu;1ঞomoĺƐƐo=ƑƏƏƕom ŐƑƏƐƕĹ!vƐƑķѵѶƔķƑƏƏķƏƏƏņŊő
‰;u;or;m;77†ubm]|_;‹;-uĺv
ourou-|;oˆ;um-m1;=oub1;mv;7 ‰_bѴv||_;-mh_-vu;1ou7;7-
u;t†bu;7†m7;u";1ঞomƐѵѶŐƐőŐ-ő
oll;u1b-Ѵ-mhvbvv†;70‹|_; $o|-Ѵolru;_;mvbˆ;m1ol;Őm;|
o=|_;olr-mb;v1|ķ-moˆ;uˆb;‰
;m|u-Ѵ-mho="ub-mh-Ő"őĺ$_; o=|-Šőo=!vƐƏķƖѵѵķѶƑƔķƏƏƏņŊ
o=|_;=†|†u;7;ˆ;Ѵorl;m|o=|_;
"|-|;l;m|o= bu;1|ouvĽ!;vromvb0bѴb|‹ ŐƑƏƐƕĹ!vƐƑķѵƕƖķƖƐƏķƏƏƏņŊőĺ
-mh-m7|_;uo†rbv]bˆ;mbm|_;
=ou bm-m1b-Ѵ!;rouঞm]bv]bˆ;mom 7;|-bѴ;70u;-h†ro=|_;ruoC|vş
_-bul-mĽv;vv-];Őr-];vƒƏ|o
r-];vƑƏƐşƑƏƑ-m7=oulv-m -rruorub-ঞomvo=|_;-mhbv]bˆ;m
0;Ѵo‰Ĺ

188 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
FINANCIAL INFORMATION
"&$!+ !$

ou|_;‹;-u;m7;7ƒƐv| ;1;l0;u 2018 2017

Rs 000 Rs 000

uoC|=ou|_;‹;-u-[;ur-‹l;m|o=-ѴѴor;u-ঞm];Šr;mv;v-m7
ruoˆbvbom=ou7;ru;1b-ঞom-m71omঞm];m1b;v ƐѶķƒƓƖķƖƖƖ ƐѵķѵƏƔķƖƑƔ
;vvĹm1ol;|-Š;Šr;mv; ѵķƑƏƕķƐѶƑ ƓķƔƏƐķѶƏƔ
;|ruoC|-[;u|-Š-ঞom ƐƑķƐƓƑķѶƐƕ ƐƑķƐƏƓķƐƑƏ

Other comprehensive income (OCI)

1|†-ub-ѴŐѴovv;vőņ]-bmvom7;Cm;70;m;C|rѴ-mv ŐƔƐķƓƒƖő ŐѵƒƓķƕѵѵő
;=;uu;7|-Š;@;1|om-0oˆ; ƐƓķƓƏƒ ƐƕƕķƕƒƔ
ƐƑķƐƏƔķƕѶƐ ƐƐķѵƓƕķƏѶƖ
&m-rruorub-|;70-Ѵ-m1;0uo†]_|=ou‰-u7=uolru;ˆbo†v‹;-u ѵķƏƕƑķƒƖƖ ƓķƒƖƕķƓƓƖ
ƐѶķƐƕѶķƐѶƏ ƐѵķƏƓƓķƔƒѶ
lr-1|o=-7orঞm]" !"Ɩ ŐƑķƐƑѵķƐƐƐő mņ-
!;v|-|;70-Ѵ-m1;†m7;u" !"Ɩ-v-|Ɛv|-m†-u‹ƑƏƐѶ ƐѵķƏƔƑķƏѵƖ ƐѵķƏƓƓķƔƒѶ

Appropriations
$u-mv=;u|o"|-|†|ou‹!;v;uˆ; †m7 ŐѵƐƏķƏƏƏő ŐѵƐƏķƏƏƏő
$u-mv=;u|o;m;u-Ѵ!;v;uˆ; ŐƔķƑƏƏķƏƏƏő ŐѵķƏƏƏķƏƏƏő

Dividend
m|;ublv1ubr7bˆb7;m7ŊƑƏƐѵŐ!vƐƓĺƏƏr;uv_-u;ő - ŐƑķƓƕƕķƕƒƓő
bm-Ѵ1-v_7bˆb7;m7ŊƑƏƐѵŐ!vƓĺƕƔr;uv_-u;ő - ŐѶѶƓķƓƏƔő
bm-Ѵv1ubr7bˆb7;m7ŊƑƏƐƕŐ!vƐƕĺƑƏr;uv_-u;ő ŐƓķƔƖѶķƓƑƕő -
&m-rruorub-|;70-Ѵ-m1;1-uub;7=ou‰-u7 ƔķѵƓƒķѵƓƑ ѵķƏƕƑķƒƖƖ

Proposed dividend
bm-Ѵv1ubr7bˆb7;m7ŊƑƏƐƕŐ!vƐƕĺƑƏr;uv_-u;ő - ƓķƔƖѶķƓƑƕ
bm-Ѵ1-v_7bˆb7;m7ŊƑƏƐѶŐ!vƔĺƏƏr;uv_-u;ő ƐķƓƏƓķƔƐƐ -
bm-Ѵv1ubr7bˆb7;m7ŊƑƏƐѶŐ!vƐƐĺƑƔr;uv_-u;ő ƒķƐѵƏķƐƔƐ -

12 TAXATION 13 DIVIDEND  $_;o-u7o= bu;1|ouv‰-vv-ঞvC;7

 m1ol;|-Šu-|;-rrѴb1-0Ѵ;om|_;  $_; bu;1|ouvu;1oll;m7;7|_-|- |_-||_;-mh‰o†Ѵ7l;;||_;
-mhĽv7ol;vঞ1or;u-ঞomv-m7 Cm-Ѵ7bˆb7;m7o=!vƐѵĺƑƔr;uv_-u; voѴˆ;m1‹|;v|bll;7b-|;Ѵ‹-[;u|_;
omŊv_ou;-m7o@Ŋv_ou;or;u-ঞomvo= ŐƑƏƐƕĹ!vƐƕĺƑƏr;uv_-u;ő0;r-b7 r-‹l;m|o=Cm-Ѵ7bˆb7;m7ruorov;7ķ
|_;o@Ŋv_ou;-mhbm];m|u;bvƑѶѷ =ou|_;Cm-m1b-Ѵ‹;-u;m7;7ƒƐv| bm|;ulvo=|_;";1ঞomƒƐŐƒőo=|_;
ŐƑƏƐƕĹƑѶѷőĺ$_;-mhbvѴb-0Ѵ;=ou ;1;l0;uƑƏƐѶĺ$_bv‰bѴѴ0;r-b70‹ olr-mb;v1|ĺ$_;o-u7ruoˆb7;7
($-m7$omCm-m1b-Ѵv;uˆb1;v-| !vƔĺƏƏbm|_;=oulo=1-v_7bˆb7;m7 |_;"|-|;l;m|o="oѴˆ;m1‹|o|_;
ƐƔѷŐƑƏƐƕĹƐƔѷő-m7ƑѷŐƑƏƐƕĹƑѷő -m70-Ѵ-m1;!vƐƐĺƑƔbm|_;=oulo= †7b|ouv-m7o0|-bm;7;uঞC1-|;o=
u;vr;1ঞˆ;Ѵ‹ĺ-mhbv-ѴvoѴb-0Ѵ;=ou v1ubr7bˆb7;m7ŐƑƏƐƕĹ!vƐƕĺƑƏbm|_; "oѴˆ;m1‹=uol|_;†7b|ouvbmu;vr;1|
;0|!;r-‹l;m|;ˆ‹Ő !ő-|ƕѷ =oulo=v1ubr7bˆb7;m7őĺ †u|_;uķbm o=|_;7bˆb7;m7r-‹l;m|1om=oulbm]
‰b|_;@;1|=uolƏƐĺƐƏĺƑƏƐѶĺ 1olrѴb-m1;‰b|_|_;-mhĽvuঞ1Ѵ;v |o|_;v|-|†|ou‹ruoˆbvbomĺ †u|_;u
o=vvo1b-ঞom|_bv7bˆb7;m7bv|o0; 7;|-bѴv-u;]bˆ;mbmo|;ƐƖ|o|_;
 $_;uo†r_-v-Ѵvoruoˆb7;7 -rruoˆ;70‹|_;v_-u;_oѴ7;uv-||_; bm-m1b-Ѵ"|-|;l;m|vĺ
7;=;uu;7|-Š-ঞomom-ѴѴhmo‰m mm†-Ѵ;m;u-Ѵ;;ঞm]|o0;_;Ѵ7
|;lrou-u‹7b@;u;m1;v†m7;u|_; omƑƖ|_-u1_ƑƏƐƖĺ
Ѵb-0bѴb|‹l;|_o7ķ-vr;ulb‚;70‹
|_;"ub-mh-11o†mঞm]"|-m7-u7Ŋ
"ƐƑŐm1ol;$-Š;vőĺ

SAMPATH SIMPLIFIED 189

ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE
AFFAIRS OF THE COMPANY

14 RESERVES ƐƖĺƑ ;0|-rb|-ѴŊ-mh

 v†ll-u‹o=|_;uo†rĽvu;v;uˆ;vbv]bˆ;m0;Ѵo‰ĺ  $_;-mh_-vbvv†;7u-|;7ķ
†mv;1†u;7ķv†0ou7bm-|;7ķ
v-|ƒƐv| ;1;l0;u 2018 2017
u;7;;l-0Ѵ;7;0;m|†u;v|o|_;
Rs 000 Rs 000 ˆ-Ѵ†;o=!vƒƒķƔƏƏķƏƏƏķƏƏƏņŊ-v
-|ƒƐv| ;1;l0;uƑƏƐѶŐƑƏƐƕĹ!v
"|-|†|ou‹!;v;uˆ; †m7 ƒķѵƏƖķƏƏƏ ƑķƖƕƒķƏƏƏ ƒƐķƏƏƏķƏƏƏķƏƏƏņŊőķ‰_b1_-u;Ѵbv|;7
!;ˆ-Ѵ†-ঞom!;v;uˆ; ƔķƏƖƒķƐƔƓ ƔķƏƖƒķƐƔƓ om|_;oѴol0o"|o1hŠ1_-m];ĺ†|
ˆ-bѴ-0Ѵ;=ou"-Ѵ;!;v;uˆ; mņ- ƑķƑƖƖķƕƑƐ o=|_;-0oˆ;ķ|_;7;0;m|†u;vbvv†;7
(!;v;uˆ; ƐķƐѵƏķƕѵƔ mņ- bmƑƏƐƕ-m7ƑƏƐѶ|o|_;ˆ-Ѵ†;o=!v
;m;u-Ѵ!;v;uˆ; ƒѶķƖƏƖķƖƏƑ ƒƒķƕƏƐķƏƑѵ ƐƒķƔƏƏķƏƏƏķƏƏƏņŊ_-v-morঞom=ou
!;|-bm;7uoC| ѶķƓѶƐķѶѶƐ ѶķƔƒƒķѶƑƕ 1omˆ;uvbom|oou7bm-u‹ˆoঞm]v_-u;v
omŊ1om|uoѴѴbm]m|;u;v| - - 0‹|_;-mhķvoѴ;Ѵ‹b=bmv|u†1|;70‹
Total ƔƕķƑƔƓķƕƏƑ ƔƑķѵƏƏķƕƑѶ |_;;m|u-Ѵ-mho="ub-mh-|o
7ovobm1olrѴb-m1;‰b|_-v;Ѵ
u;t†bu;l;m|vĺ
15 CAPITAL EXPENDITURE l-uh;|rub1;vĺ11ou7bm]Ѵ‹ķl-|;ub-Ѵ
 $_;|o|-Ѵ1-rb|-Ѵ;Šr;m7b|†u;om l-uh;|ˆ-Ѵ†;1_-m];v‰;u;b7;mঞC;7
 $_;7;|-bѴvo=|_;7;0;m|†u;v
-1t†bvbঞomo=ruor;u|‹ķrѴ-m|-m7 r;u|-bmbm]|ov;ˆ;mruor;uঞ;v-m7
outstandin]-v-|ƒƐv| ;1;l0;u
;t†brl;m|-m7bm|-m]b0Ѵ;-vv;|vo= |_;buˆ-Ѵ†;v‰;u;-7f†v|;7|o0ubm]
ƑƏƐѶ-u;]bˆ;mbmo|;ƒѶĺƐ|o
|_;uo†r-m7|_;-mh-lo†m|;7 |_;1†uu;m|l-uh;|rub1;vbm|o|_;
|_; bm-m1b-Ѵ"|-|;l;m|vĺ$_;v;
|o!vƑķƕƑѶķƑƖƕķƏƏƏņŊ-m7!v bm-m1b-Ѵ"|-|;l;m|v-v-|ƒƐv|
7;0;m|†u;v-u;;Ѵb]b0Ѵ;=ou|_;$b;u
ƐķƖƔƏķѶƐƕķƏƏƏņŊu;vr;1ঞˆ;Ѵ‹ŐƑƏƐƕ ;1;l0;uƑƏƐƕĺ$_;u;‰;u;mo
-rb|-Ѵo=|_;-mhĺ
uo†rĹ!vƑķƓѶƕķƔƏѵķƏƏƏņŊ-m7 vb]mbC1-m|1_-m];vb7;mঞC;70‹|_;
-mhĹ!vƑķƏƏƖķƒƏƏķƏƏƏņŊőĺ ;|-bѴv ˆ-Ѵ†;uvu;Ѵ-ঞm]|o|_;l-uh;|ˆ-Ѵ†;v
o=o|_;uruor;uঞ;vbm|_;v-l;1Ѵ-vv  $_;-mh_-vbvv†;7-7;;r
-u;]bˆ;mbmo|;vƒƑ-m7ƒƒ|o|_;
o=-vv;|vbm ;1;l0;uƑƏƐƕĺ$_; 7bv1o†m|;7Œ;uo1o†rom0om7
bm-m1b-Ѵ"|-|;l;m|vĺ
bu;1|ouv-u;o=|_;orbmbom|_-||_; ‰b|_-l-|†ub|‹ˆ-Ѵ†;o=!v
u;ˆ-Ѵ†;7-lo†m|v-u;mo|bm;Š1;vv ƒķƓƔѶķƐƏѶķƖѵѶņŊ=ouƑƏ‹;-uvĺ$_;
16 CAPITAL COMMITMENTS
o=|_;1†uu;m|l-uh;|ˆ-Ѵ†;vo=v†1_ ru;v;m|r-b7†rˆ-Ѵ†;o=|_bv0om7
 $_;1-rb|-Ѵ;Šr;m7b|†u;-rruoˆ;7 bv!vƑķƒƐƓķѶѶƏķƏƏƏņŊŐƑƏƐƕĹ!v
ruor;uঞ;v-v-|ƒƐv| ;1;l0;u
-m71om|u-1|;7=ouķ-v-||_; ƑķƐƑƏķƕѵƕķƏƏƏņŊő-m7|_bv=oulv
ƑƏƐѶĺ$_;7;|-bѴvo==u;;_oѴ7
u;rouঞm]7-|;bv]bˆ;mbmo|;Ɠѵĺƒ r-u|o=|_;$b;u-rb|-Ѵĺ$_;-0oˆ;
ruor;uঞ;vo‰m;70‹|_;-mh-u;
|o|_; bm-m1b-Ѵ"|-|;l;m|vĺ om7‰-vbvv†;7bm†]†v|ƑƏƏƒ
]bˆ;mbmo|;ƒƑĺƓ|o|_; bm-m1b-Ѵ
"|-|;l;m|vĺ -m7‰bѴѴl-|†u;bm†]†v|ƑƏƑƒĺ$_;
17 PROPERTY, PLANT AND 7;|-bѴv-u;]bˆ;mbmo|;ƒѶĺƑ|o|_;
 &$Ґґ bm-m1b-Ѵ"|-|;l;m|vĺ
19 STATED CAPITAL, DEBENTURES
 ;|-bѴvo=ruor;u|‹ķrѴ-m|-m7 AND BONDS
;t†brl;m|-u;]bˆ;momo|;ƒƑ|o ƐƖĺƒvv†;o="_-u;v-m7 ;0|-rb|-Ѵŋ
ƐƖĺƐ"|-|;7-rb|-ѴŊ-mh
|_; bm-m1b-Ѵ"|-|;l;m|vĺ Subsidiaries
T_;"|-|;7-rb|-Ѵo=|_;-mh-v
 $_;"†0vb7b-ub;vo=|_;-mh7b7mo|
18 MARKET VALUE OF FREEHOLD -|ƒƐv| ;1;l0;uƑƏƐѶ-lo†m|;7
l-h;-m‹v_-u;ou7;0;m|†u;bvv†;v
PROPERTIES |o!vƒƑķƕƖƔķƖƔƑķƏƔƏĺѵƏ1omvbvঞm]
duubm]|_;‹;-uo|_;u|_-m|_ov;
o=ƑѶƏķƖƏƑķƑƓѶou7bm-u‹ˆoঞm]
 ѴѴ=u;;_oѴ7Ѵ-m7v-m70†bѴ7bm]v l;mঞom;70;Ѵo‰ĺ"b‹-r-|_- bm-m1;
v_-u;vŐƑƏƐƕĹ!vƐѵķƒƏƕķƕƑƐķƖƏѶĺѶѶ
o=|_;uo†r-m7|_;-mh‰;u; bm1u;-v;7b|vv|-|;71-rb|-Ѵ0‹
1omvbvঞm]o=ƑƐƕķƑƑƑķƑƒѵou7bm-u‹
u;ˆ-Ѵ†;7bmoˆ;l0;uņ ;1;l0;u !vѵƔƏķƏƏƏķƏƏƏņŊ0‹|‰o!b]_|v
v_-u;vőĺ$_;m†l0;uo=v_-u;vbm
ƑƏƐѵ0‹ruo=;vvbom-ѴѴ‹t†-ѴbC;7 vv†;v7†ubm]|_;‹;-uĺ"b‹-r-|_-
bvv†;o=|_;-mhbm1u;-v;7=uol
bm7;r;m7;m|ˆ-Ѵ†;uv-m70uo†]_|bm|o bm-m1;-Ѵvobvv†;7ƐķƔѵƖķƑƓƑ
ƑƐƕķƑƑƑķƑƒѵou7bm-u‹ˆoঞm]v_-u;v
|_; bm-m1b-Ѵ"|-|;l;m|vbm|_-|‹;-uĺ ou7bm-u‹ˆoঞm]v_-u;v0‹‰-‹o=-
|oƑѶƏķƖƏƑķƑƓѶou7bm-u‹ˆoঞm]
$_;uo†ru;-vv;vv;7|_;l-uh;| v1ubr7bˆb7;m77†ubm]|_;‹;-uŐƑƏƐƕĹ
v_-u;v-v-u;v†Ѵ|o=|_;r-‹l;m|o=
ˆ-Ѵ†;vo=|_;;mঞu;1Ѵ-vvo==u;;_oѴ7 ƐķѵƔƑķƓƑƏőĺv-u;v†Ѵ|ķb|vv|-|;7
bm-Ѵ"1ubr bˆb7;m7=ouƑƏƐƕ-m7
Ѵ-m7v-m70†bѴ7bm]vbm ;1;l0;u 1-rb|-Ѵbm1u;-v;70‹!vѵƑķƕƓƖķƑѶƖņŊ
|_;ƒĹƐƒ!b]_|vvv†;bmƑƏƐѶĺ
ƑƏƐƕ|_uo†]_ruo=;vvbom-ѴѴ‹t†-ѴbC;7 ŐƑƏƐƕĹ!vƔѶķƖƓƐķѶƑƕņŊő=uol!v
bm7;r;m7;m|ˆ-Ѵ†;uvķ|o;mv†u; ѵƒƔķƖƐѵķѶƑƕņŊ-v-|ƒƐv| ;1;l0;u
The7;|-bѴvo=|_;v_-u;vbvv†;7-u;
|_-||_;1-uu‹bm]-lo†m|o=v†1_ ƑƏƐƕ|o!vƐķƒƓѶķѵѵѵķƐƐѵņŊ-v-|
]bˆ;mbmo|;ƓƑĺƐ|o|_; bm-m1b-Ѵ
ruor;uঞ;vu;Y;1|v|_;1†uu;m| ƒƐv| ;1;l0;uƑƏƐѶĺ
"|-|;l;m|vĺ

190 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
FINANCIAL INFORMATION
"&$!+ !$

 "-lr-|_m=oul-ঞom$;1_moѴo]‹ 22 EQUITABLE TREATMENT TO -rrobm|;7|o_oѴ7oL1;-v bu;1|ouv

"oѴ†ঞomv|7bm1u;-v;7b|vstated SHAREHOLDERS o=|_;-mh7†ubm]|_;-11o†mঞm]
1-rb|-Ѵ0‹!vƑƔƏķƏƏƏķƏƏƏ The-mh_-v-|-ѴѴঞl;v;mv†u;7 r;ubo7bm|;ulvo=";1ঞomƐѵѶŐƐőŐ_ő
ŐѵķƕƔѵķƕƔѵou7bm-u‹ˆoঞm]v_-u;vő that all shareholders are treated o=|_;olr-mb;v1|ĺu bѴbr7;
=uol!vƑƖķƏƏƏķƏƏƏņŊ-v-|ƒƐv| ;t†b|-0Ѵ‹ĺ ")bf;‹;u-|m;‰-v-rrobm|;7|o|_;
;1;l0;uƑƏƐƕ|o!vƑƕƖķƏƏƏķƏƏƏņŊ o-u7‰ĺ;ĺ=ĺƐƒ|_oˆ;l0;uƑƏƐѶĺ
-v-|ƒƐv| ;1;l0;uƑƏƐѶĺ 23 THE BOARD OF DIRECTORS $_;u;‰;u;mor;uvomv‰_o1;-v;7
|o_oѴ7oL1;-v bu;1|ouvo=|_;
 $_;o-u7o= bu;1|ouvo=|_;-mh
20 SHARE INFORMATION -mh7†ubm]|_;-11o†mঞm]r;ubo7ĺ
1olrubv;v;Ѵ;ˆ;mŐƑƏƐƕĹ|;mő‰b|_
m=oul-ঞomu;Ѵ-ঞm]|o;-umbm]vķ ‰b7;Cm-m1b-Ѵ-m71oll;u1b-Ѵ
7bˆb7;m7vķm;|-vv;|v-m7l-uh;| ƑƔ !$!$ !҃$
hmo‰Ѵ;7];-m7;Šr;ub;m1;ĺ$_;
ˆ-Ѵ†;r;uv_-u;bv]bˆ;mbm|_; ņ!҃$$ 
m-l;vo=|_; bu;1|ouvo=|_;-mh
bm-m1b-Ѵb]_Ѵb]_|vomr-];ѵĺ DIRECTORS
7†ubm]|_;r;ubo7Ɛv|-m†-u‹ƑƏƐѶ
m=oul-ঞomom|_;|u-7bm]o=|_; |oƒƐv| ;1;l0;uƑƏƐѶ-u;]bˆ;m  m|;ulvo=uঞ1Ѵ;voĺѶѵ-m7Ѷƕ
v_-u;v-m7loˆ;l;m|bm|_;m†l0;u 0;Ѵo‰-vr;u";1ঞomƐѵѶŐƐőŐ_őo= o=|_;uঞ1Ѵ;vo=vvo1b-ঞomo=
o=v_-u;vo=|_;-mhbv]bˆ;mbm |_;olr-mb;v1|ĺ$_;buruoCѴ;vbm |_;olr-m‹ķu!-mbѴ-|_bu-m-ķ
|_;mˆ;v|oum=oul-ঞomv;1ঞomom 0ub;=-u;]bˆ;momr-];vƐѵ|oƑƐo= u ;;r-Ѵ"ooub‹--u-1_1_bķuo=
r-];vƐƏƔ|oƐƐƓĺ |_;mm†-Ѵ!;rou|ĺ$_;1Ѵ-vvbC1-ঞom -Ѵbh!-m-vbm]_;-m7uv _-u-
o= bu;1|ouvbm|oŠ;1†ঞˆ; )bf-‹-ঞѴ-h;u;ঞu;0‹uo|-ঞom-m7
21 SHAREHOLDING Ő őķomŊŠ;1†ঞˆ;Ő ő-m7 0;bm];Ѵb]b0Ѵ;ķo@;u|_;lv;Ѵˆ;v
Theu;‰;u;ƐƖķƑƏƑu;]bv|;u;7 m7;r;m7;m|Ő őķomŊm7;r;m7;m| =ouu;Ŋ;Ѵ;1ঞomom|_;†m-mblo†v
ou7bm-u‹v_-u;_oѴ7;uv-v-|ƒƐv| Ő őbv]bˆ;m-]-bmv||_;m-l;v u;1oll;m7-ঞomo=|_;o-u7
;1;l0;uƑƏƐѶŐƑƏƐƕĹƐƕķƓƓƏőĺ -vr;ubvঞm]!†Ѵ;v-m7ourou-|; olbm-ঞomollb‚;;-m7-rruoˆ-Ѵ
m=oul-ঞomom|_;7bv|ub0†ঞomo= oˆ;um-m1;!†Ѵ;vo=oѴol0o"|o1h o=|_;o-u7o= bu;1|ouvĺ
v_-u;_oѴ7bm]-m7|_;u;vr;1ঞˆ; Š1_-m];-m7-mhbm]1| bu;1ঞom
r;u1;m|-];v-u;]bˆ;momr-];v oĺƐƐo=ƑƏƏƕbvv†;70‹|_;;m|u-Ѵ  u bѴbr7;")bf;‹;u-|m;_-ˆbm]
ƐƏѵ-m7ƐƏѶo=|_;mm†-Ѵ!;rou|ĺ -mho="ub-mh-Ő"őĺ 0;;m-rrobm|;7|o|_;o-u7‰b|_
;|-bѴvo=|or|‰;m|‹v_-u;_oѴ7;uvķ ;@;1|=uolƐƒ|_oˆ;l0;uƑƏƐѶ
r;u1;m|-];vo=|_;bu_oѴ7bm]v-m7 24 CHANGES IN DIRECTORATE |oCѴѴŊ†r-1-v†-Ѵˆ-1-m1‹bm|_;
r;u1;m|-];_oѴ7bm]o=|_;r†0Ѵb1|oo o-u7ķo@;uv_blv;Ѵ==ou;Ѵ;1ঞom0‹
The-mh_-v7bv1Ѵov;7|_;m-l;v
|_;v_-u;_oѴ7;uvbm|;ulvo=uঞ1Ѵ;
-u;]bˆ;mbm|_;mˆ;v|oum=oul-ঞom o=|_;r;uvomv_oѴ7bm]oL1;-v
Ɩƒo=|_;uঞ1Ѵ;vo=vvo1b-ঞom
v;1ঞomomr-];ƐƏƖĺ bu;1|ouvo=|_;-mh-v-||_;;m7
o=|_;-mh‰b|_|_;†m-mblo†v
o=|_;-11o†mঞm]r;ubo7-m7|_;
u;1oll;m7-ঞomo=|_;o-u7
m-l;vo=-m‹r;uvomv‰_o‰;u;
olbm-ঞomollb‚;;-m7-rruoˆ-Ѵ
o=|_;o-u7ĺ

-l;o=|_; bu;1|ou Ѵ-vvbC1-ঞom !;l-uhv

u_-mm--Ѵ-mv†ub‹-  ņ bu;1|ou=uolƏƐĺƏƐĺƑƏƐƑķ ;r†|‹_-bul-m=uolƑѵĺƏƐĺƑƏƐƑ†r|oƐƑĺƐƐĺƑƏƐƔķ

;-v;7|o0;- bu;1|ouomƐƑĺƐƐĺƑƏƐƔ-m7‰-vu;Ŋ-rrobm|;7-v- bu;1|ouom
ƑѶĺƏƓĺƑƏƐѵ-m7_-bul-mvbm1;ƏƐĺƏѶĺƑƏƐѵ
uo=-Ѵbh!-m-vbm]_;  ņ bu;1|ouvbm1;ƒƏĺƏѶĺƑƏƐƐķ ;r†|‹_-bul-mvbm1;ƏƐĺƏѶĺƑƏƐѵ
u"-mfbˆ-";m-m-‹-h;  ņ bu;1|ouvbm1;ƏƐĺƏƐĺƑƏƐƑķ";mbou bu;1|ouvbm1;ƑѵĺƏƐĺƑƏƐƑ
u ;;r-Ѵ"ooub‹--u-1_1_b  ņ bu;1|ouvbm1;ƏƔĺƏѶĺƑƏƐƏķm7;r;m7;m| bu;1|ou†mঞѴƐƑĺƐƐĺƑƏƐѶĺ
uv _-u-)bf-‹-ঞѴ-h;  ņ bu;1|ouvbm1;ƒƏĺƏѶĺƑƏƐƐ
bvvmmbh-";m-m-‹-h;  ņ bu;1|ouvbm1;ƏƐĺƏƐĺƑƏƐƑ
u!-mbѴ-|_bu-m-  ņ bu;1|ouvbm1;ƏƐĺƏƐĺƑƏƐƑķm7;r;m7;m| bu;1|ouvbm1;ƒƐĺƏƐĺƑƏƐƔ
uv"-†l‹-l-u-v;h;u-  ņ bu;1|ouvbm1;ƏƐĺƏѵĺƑƏƐƑ
u!†v_-mh-"bѴˆ-  ņ bu;1|ouvbm1;ƏƐĺƏƖĺƑƏƐƕ
u bѴbr7;")bf;‹;u-|m;  ņ bu;1|ouvbm1;ƐƒĺƐƐĺƑƏƐѶ
Mr Nanda Fernando  -m-]bm] bu;1|ouvbm1;ƐƒĺƏƖĺƑƏƐѵ

SAMPATH SIMPLIFIED 191

ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE
AFFAIRS OF THE COMPANY

 ";1ঞomvƑƐƏ-m7ƑƐƐo=|_; ƑѵĺƓ"-lr-|_m=oul-ঞom$;1_moѴo]‹ 28.2 Board Human Resources and

olr-mb;v1|7omo|-rrѴ‹|o|_; "oѴ†ঞomv|7 !;l†m;u-ঞomollb‚;;
-mhķbmˆb;‰o=|_;lou;v|ubm];m|  u!"-l-u-m-‹-h;Ő_-bul-mő  uv _-u-)bf-‹-ঞѴ-h;
ruoˆbvbom1om|-bm;7bm";1ঞomƒŐƒő
 u;ম-u-|1_b  Ő_-bur;uvom‰ĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶő
Őbőo=-mhbm]1| bu;1ঞomoĺƐƐ
Őu;vb]m;7‰ĺ;ĺ=ĺƒƐĺƐƑĺƑƏƐѶő  u ;;r-Ѵ"ooub‹--u-1_1_b
o=ƑƏƏƕomourou-|;oˆ;um-m1;
=oub1;mv;7oll;u1b-Ѵ-mhķ‰_b1_  u †m-u-|m; Ő_-bul-m†mঞѴƐƑĺƐƐĺƑƏƐѶő
u;v|ub1|v|_;-];o=- bu;1|ouo=- Őu;vb]m;7‰ĺ;ĺ=ĺƏƐĺƏƖĺƑƏƐѶő  u_-mm--Ѵ-mv†ub‹-
b1;mv;7oll;u1b-Ѵ-mh|oƕƏ  u(m7u-vol-  uo=-Ѵbh!-m-vbm]_;
‹;-uvĺ  v-m-‹-hh-u- Չĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶő
Չĺ;ĺ=ĺƏƐĺƐƑĺƑƏƐѶő
 u"-mfbˆ-";m-m-‹-h;
26 LIST OF DIRECTORS OF THE  u)";u;u- Չĺ;ĺ=ĺƐƒĺƐƐĺƑƏƐѶő
SUBSIDIARIES OF THE BANK Չĺ;ĺ=ĺƏƐĺƐƑĺƑƏƐѶő
 vmmbh-";m-m-m-‹-h;
 -l;vo=|_; bu;1|ouvo="†0vb7b-u‹  ufb|_"-Ѵ]-7o
1olr-mb;v-u;-v=oѴѴo‰vĹ  uv"-†l‹-l-u-v;h;u-
27 REGISTER OF DIRECTORS AND
ƑѶĺƒo-u7olbm-ঞomollb‚;;
ƑѵĺƐ"b‹-r-|_- bm-m1; SECRETARIES
 bvvmmbh-";m-m-‹-h; Ő_-bur;uvomő
 u_-mm--Ѵ-mv†ub‹-Ő_-bul-mő  vu;t†bu;7†m7;u";1ঞomƑƑƒŐƐő
 u_-mm--Ѵ-mv†ub‹-
 u) ;Ѵ‰bv o=|_;olr-mb;v1|ķ|_;-mh
Ő ;r†|‹_-bul-mő l-bm|-bmv-!;]bv|;uo= bu;1|ouv  u"-mfbˆ-";m-m-‹-h;
-m7";1u;|-ub;v‰_b1_1om|-bmv|_;  uv _-u-)bf-‹-ঞѴ-h;
 u" "o‹v-
m-l;ķv†um-l;ķ=oul;um-l;Őb=
Ő";mbou bu;1|ouő  uv"-†l‹-l-u-v;h;u-
-m‹őķu;vb7;mঞ-Ѵ-77u;vvķ0†vbm;vvķ
 u";u-|_ o11†r-ঞomķ7-|;vo=-rrobm|l;m| ƑѶĺƓo-u7m|;]u-|;7!bvh-m-];l;m|
Ő-m-]bm] bu;1|ouő -m77-|;vo=u;vb]m-ঞomŐb=-rrѴb1-0Ѵ;ő ollb‚;;
 u"bubl-m; o=;-1_ bu;1|ou-m7|_;";1u;|-u‹ĺ
 u"-mfbˆ-";m-m-‹-h;Ő_-bul-mő
ՆmঞѴƐƔĺƐƏĺƑƏƐѶő
28 BOARD SUB COMMITTEES  u ;;r-Ѵ"ooub‹--u-1_1_b
 u$_-u-h-!-m‰-Ѵ-
 $_;o-u7ķ‰_bѴ;-vv†lbm]|_;oˆ;u-ѴѴ  bvvmmbh-";m-m-‹-h;
 u"†l-u-m-|†m]-
u;vromvb0bѴb|‹-m7-11o†m|-0bѴb|‹  uv"-†l‹-l-u-v;h;u-
 v-m-‹-hh-u- =ou|_;l-m-];l;m|oˆ;uvb]_|o=
Mr Nanda Fernando
 u!†v_-mh-"bѴˆ- |_;-mhķ_-v-Ѵvo-rrobm|;7o-u7
 u-m-h-m";Ѵˆ-u-|m-l "†0ollb‚;;v|o;mv†u;|_-||_;
ƑѶĺƔo-u7!;Ѵ-|;7-u|‹$u-mv-1ঞomv
Չĺ;ĺ=ĺƐѶĺƐƑĺƑƏƐѶő -1ঞˆbঞ;vo=|_;-mh-|-ѴѴঞl;v-u;
!;ˆb;‰ollb‚;;
1om7†1|;7‰b|_|_;_b]_;v|;|_b1-Ѵ
 u†m-‰-u7;m-  uv _-u-)bf-‹-ঞѴ-h;Ő_-bur;uvomő
standards and the best interests
 Չĺ;ĺ=ĺƑƖĺƏƐĺƑƏƐƖő o=-ѴѴb|vv|-h;_oѴ7;uvĺ$_;o-u7  uo=-Ѵbh!-m-vbm]_;
_-v=oul;7|‰;Ѵˆ;o-u7"†0  u"-mfbˆ-";m-m-‹-h;
ƑѵĺƑ"-lr-|_;m|u;|7 ollb‚;;vbm1Ѵ†7bm]=o†ul-m7-|ou‹
 u ;;r-Ѵ"ooub‹--u-1_1_b
 u)";m-m-‹-h;Ő_-bul-mő o-u7"†0ollb‚;;v-vu;t†bu;70‹
 u")bf;vbm_- |_;-mhbm]1| bu;1ঞomoĺƐƐo=  r-u|=uol|_;-0oˆ;Cˆ;l-m7-|ou‹
ƑƏƏƕ-m7om;l-m7-|ou‹o-u7"†0 o-u7"†0ollb‚;;vķ|_;o-u7
 u!"-l-u-m-‹-h;
ollb‚;;-vu;t†bu;70‹";1ঞomƖ
_-v-Ѵvo-rrobm|;7|_;=oѴѴo‰bm]
 u!†v_-mh-"bѴˆ- o=|_;bvঞm]!†Ѵ;vo=|_;oѴol0o
v;ˆ;mmomŊl-m7-|ou‹o-u7"†0
 u (_-Ѵ-Ѵ-m7- "|o1hŠ1_-m];ĺ$_;1olrovbঞom
ollb‚;;v
 u"-mm-m]-u- o=|_;v;Cˆ;o-u7"†0ollb‚;;v
-v-|ƒƐv| ;1;l0;uƑƏƐѶ‰;u;-v ƑѶĺѵo-u7u;7b|ollb‚;;
=oѴѴo‰vĹ
Ƒѵĺƒ"";1†ubঞ;vŐˆ|ő|7  uo=-Ѵbh!-m-vbm]_;Ő_-bul-mő
 u")bf;vbm_-Ő_-bul-mő ƑѶĺƐo-u7†7b|ollb‚;;  uv _-u-)bf-‹-ঞѴ-h;
 u) ;Ѵ‰bv  u!-mbѴ-|_bu-m-Ő_-bul-mő  u_-mm--Ѵ-mv†ub‹-
 u!"-l-u-m-‹-h;  uo=-Ѵbh!-m-vbm]_;  u!†v_-mh-"bѴˆ-
 u"ĺĺ†Ѵ-ঞѴ-h;  u ;;r-Ѵ"ooub‹--u-1_1_b Mr Nanda Fernando
Չĺ;ĺ=ĺƐƑĺƏƐĺƑƏƐѶő  uv _-u-)bf-‹-ঞѴ-h;  u-m-h-m";Ѵˆ-u-|m-l
 uv!-mf-mbov;r_ Őomv†Ѵ|-m|ő
Őomv†Ѵ|-m||o|_;ollb‚;;ő

192 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
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ƑѶĺƕo-u7"|u-|;]b1Ѵ-mmbm]ollb‚;; 29 DIRECTORS’ MEETINGS bm|;u;v|bm1om|u-1|vouproposed

 u_-mm--Ѵ-mv†ub‹-Ő_-bul-mő  $_;7;|-bѴvo= bu;1|ouvl;;ঞm]v 1om|u-1|v‰b|_|_;-mho|_;u|_-m
‰_b1_1olrubv;o-u7l;;ঞm]v-m7 |_ov;7bv1Ѵov;7ĺ
 uo=-Ѵbh!-m-vbm]_;
|_;o-u7"†0ollb‚;;l;;ঞm]v
 u!-mbѴ-|_bu-m-
-m7|_;-‚;m7-m1;o= bu;1|ouv 31 RELATED PARTY TRANSACTIONS
 uv _-u-)bf-‹-ঞѴ-h; -||_;v;l;;ঞm]v-u;]bˆ;mbm|_;  bu;1|ouv_-ˆ;-Ѵvo7bv1Ѵov;7
 bvvmmbh-";m-m-‹-h; ourou-|;oˆ;um-m1;!;rou|om |u-mv-1ঞomvb=-m‹ķ|_-|1o†Ѵ7
 u!†v_-mh-"bѴˆ- r-];ƐƑѵo=|_;mm†-Ѵ!;rou|ĺ 0;1Ѵ-vvbC;7-v!;Ѵ-|;7-u|‹
Mr Nanda Fernando $u-mv-1ঞomvbm|;ulvo="ub-mh-
30 DIRECTORS’ INTEREST REGISTER 11o†mঞm]"|-m7-u7vŊ"ƑƓ
AND DIRECTORS’ INTEREST IN Ő!;Ѵ-|;7-u|‹ bv1Ѵov†u;ő‰_b1_
2ѶĺѶo-u7"_-u;_oѴ7;u!;Ѵ-ঞomv
CONTRACTS OR PROPOSED bv-7or|;7bmru;r-u-ঞomo=|_;
ollb‚;;
CONTRACTS bm-m1b-Ѵ"|-|;l;m|vĺ$_ov;
 uo=-Ѵbh!-m-vbm]_;Ő_-bul-mő |u-mv-1ঞomv7bv1Ѵov;70‹|_;
 $_;-mhl-bm|-bmv|_; bu;1|ouvĽ
 u ;;r-Ѵ"ooub‹--u-1_1_b bu;1|ouv-u;]bˆ;mbmo|;Ɠƕ|o|_;
m|;u;v|!;]bv|;u-vu;t†bu;7†m7;u
 u!†v_-mh-"bѴˆ- bm-m1b-Ѵ"|-|;l;m|v‰_b1_=oul-m
|_;ruoˆbvbomvo=";1ঞomƐѵѶŐƐő
bm|;]u-Ѵr-u|o=|he Annual Report o=
Mr Nanda Fernando Ő;őo=|_;olr-mb;v1|ĺ bu;1|ouv
|_;o-u7o= bu;1|ouvĺ
o=|_;-mh_-ˆ;l-7;m;1;vv-u‹
ƑѶĺƖo-u7$u;-v†u‹ollb‚;; 7;1Ѵ-u-ঞomvo=|_;buu;vr;1ঞˆ;
 -mh_-v1olrѴb;7‰b|_|_;
 u"-mfbˆ-";m-m-‹-h;Ő_-bul-mő bm|;u;v|vbm1om|u-1|vouruorov;7
u;t†bu;l;m|o=|_;o7;o=;v|
1om|u-1|vķbm|;ulvo=|_;";1ঞomv
 uo=-Ѵbh!-m-vbm]_; u-1ঞ1;ƑƏƐƕbvv†;70‹|_;mvঞ|†|;
ƐƖƑŐƐő-m7ƐƖƑŐƑőo=|_;olr-mb;v
 bvvmmbh-";m-m-‹-h; o=_-u|;u;711o†m|-m|vo="ub
1|ĺ$_;v;bm|;u;v|v_-ˆ;0;;m
-mh-ķbvঞm]!†Ѵ;vo=oѴol0o
 u!†v_-mh-"bѴˆ- u;1ou7;7bm|_;m|;u;v|!;]bv|;u
"|o1hŠ1_-m];Ő"ő-m7‰b|_-ѴѴ
Չĺ;ĺ=ƏƐĺƏƐĺƑƏƐѶő ‰_b1_bv-ˆ-bѴ-0Ѵ;=oubmvr;1ঞombm
7bv1Ѵov†u;u;t†bu;l;m|vvঞr†Ѵ-|;7
Mr Nanda Fernando |;ulvo=|_;olr-mb;v1|ĺ$_;
thereundeuĺ
r-uঞ1†Ѵ-uvo=|_; bu;1|ouvĽm|;u;v|
ƑѶĺƐƏo-u7-uh;ঞm]ollb‚;; bmom|u-1|v-u;]bˆ;momr-];ƐƖѵ
o=|_;mm†-Ѵ!;rou|-m7=oul-m 32 DIRECTORS’ INTEREST IN
 u ;;r-Ѵ"ooub‹--u-1_1_b ORDINARY SHARES AND
bm|;]u-Ѵr-u|o=|_;mm†-Ѵ!;rou|
Ő_-bul-mő DEBENTURES
o=|_;o-u7o= bu;1|ouvĺv-
 bvvmmbh-";m-m-‹-h; ru-1ঞ1;-m7bm|;ulvo=ourou-|; T_;v_-u;_oѴ7bm]vo= bu;1|ouv-v-|
 uv"-†l‹-l-u-v;h;u- oˆ;um-m1;ķ bu;1|ouv_-ˆ;u;=u-bm;7 ƒƐv| ;1;l0;uƑƏƐѶ-u;-v=oѴѴo‰vĹ
 u_-mm--Ѵ-mv†ub‹- =uolˆoঞm]oml-‚;uvbm‰_b1_
|_;‹‰;u;l-|;ub-ѴѴ‹bm|;u;v|;7ĺ$_;  om;o=|_; bu;1|ouv_oѴ7-m‹
 u!†v_-mh-"bѴˆ-
bu;1|ouv_-ˆ;mo7bu;1|oubm7bu;1| ;0;m|†u;vbvv†;70‹|_;-mhĺ
Mr Nanda Fernando

ƑѶĺƐƐo-u7$ollb‚;; -l;o=|_; bu;1|ou oĺo="_-u;v-v-|ƒƐv| oĺo="_-u;v-v-|ƒƐv|

 uo=-Ѵbh!-m-vbm]_;Ő_-bul-mő ;1;l0;uƑƏƐѶ ;1;l0;uƑƏƐƕ
 u"-mfbˆ-";m-m-‹-h;
u_-mm--Ѵ-mv†ub‹- - -
 u ;;r-Ѵ"ooub‹--u-1_1_b
uo=-Ѵbh!-m-vbm]_; ƐƏƏ -
 bvvmmbh-";m-m-‹-h; u"-mfbˆ-";m-m-‹-h; - -
 u!†v_-mh-"bѴˆ- u ;;r-Ѵ"ooub‹--u-1_1_b - -
Mr Nanda Fernando uv _-u-)bf-‹-ঞѴ-h; - -
bvvmmbh-";m-m-‹-h; - -
ƑѶĺƐƑo-u7-rb|-ѴѴ-mmbm]ollb‚;; u!-mbѴ-|_bu-m- ƐѶķƏƐƏ ƐƑķƐѶƔ
 uo=-Ѵbh!-m-vbm]_;Ő_-bul-mő uv"-†l‹-l-u-v;h;u- - -
 u"-mfbˆ-";m-m-‹-h; u!†v_-mh-"bѴˆ- - -
 u!-mbѴ-|_bu-m- u bѴbr7;")bf;‹;u-|m;
Őrrobm|;7|o|_;o-u7‰ĺ;ĺ=ĺ
Mr Nanda Fernando
ƐƒĺƐƐĺƑƏƐѶő - mņ-
Mr Nanda Fernando ƐѵķƖƒѵ ƐƏķѶѶƐ

SAMPATH SIMPLIFIED 193

ANNUAL REPORT OF THE BOARD OF DIRECTORS ON THE
AFFAIRS OF THE COMPANY

33 DIRECTORS’ INTEREST IN 39 OUTSTANDING LITIGATION -=ou;l;mঞom;7v†lķ|_;7om-ঞomv

SHARES AND DEBENTURES OF  m|_;orbmbomo=|_; bu;1|ouv-m7bm l-7;0‹|_;-mh|ooˆ;uml;m|
SUBSIDIARIES 1omv†Ѵ|-ঞom‰b|_|_;-mhĽvѴ-‰‹;uvķ -rruoˆ;71_-ubঞ;v-lo†m|;7|o!v
bѴŐƑƏƐƕĹ!vbѴőĺ$_;-mh7o;v
 u_-mm--Ѵ-mv†ub‹-bv- bu;1|ou Ѵbঞ]-ঞom1†uu;m|Ѵ‹r;m7bm]-]-bmv|
mo|l-h;7om-ঞomv=ouroѴbঞ1-Ѵ
o="b‹-r-|_- bm-m1;-m7_oѴ7v |_;-mh‰bѴѴmo|_-ˆ;-l-|;ub-Ѵ
blr-1|om|_;u;rou|;7Cm-m1b-Ѵ purposevĺ
om;v_-u;bm|_;v-l;ĺ$_;v_-u;bv
_;Ѵ7bm|u†v|=ou|_;-mhĺ u;v†Ѵ|vou|_;=†|†u;or;u-ঞomvo=
|_;-mhĺ ;|-bѴvo=Ѵbঞ]-ঞomr;m7bm] 43 SIGNIFICANT SHAREHOLDINGS
34 DIRECTORS’ REMUNERATION -]-bmv||_;-mh-u;]bˆ;mbmo|; IN OTHER ORGANISATIONS

 vu;t†bu;7†m7;u|_;";1ঞomƐѵѶ ƓѵĺƔ|o|_; bm-m1b-Ѵ"|-|;l;m|vĺ  $_;-mh1omঞm†;v|o_oѴ7ƖĺƓƕѷ

ŐƐőŐ=őo=|_;olr-mb;v1|ķ7;|-bѴv v_-u;_oѴ7bm]bm-mh--m]Ѵ- bm-m1;
o= bu;1|ouvĽ;loѴ†l;m|v-m7o|_;u 40 EVENTS AFTER THE REPORTING blb|;7bm-m]Ѵ-7;v_ĺ ;|-bѴv-u;
0;m;C|vr-b7bmu;vr;1|o=|_;uo†r PERIOD ]bˆ;mbmo|;ƑƖĺƑ|o|_; bm-m1b-Ѵ
-m7|_;-mh7†ubm]|_;Cm-m1b-Ѵ "|-|;l;m|vĺ
 o1bu1†lv|-m1;v_-ˆ;-ubv;m
‹;-u†m7;uu;ˆb;‰-u;]bˆ;mbmo|; vbm1;|_;"|-|;l;m|o= bm-m1b-Ѵ
ƓƕĺƒĺƐ|o|_; bm-m1b-Ѵ"|-|;l;m|vĺ ovbঞom7-|;‰_b1_‰o†Ѵ7u;t†bu; 44 RISK MANAGEMENT AND
-7f†v|l;m|v|oķou7bv1Ѵov†u;bmķ|_; INTERNAL CONTROL
35 OUR TEAM MEMBERS -11o†m|vķ;Š1;r||_ov;7bv1Ѵov;7bm ƓƓĺƐ-|;ub-Ѵ ou;v;;-0Ѵ;!bvh -1|ouv
$_;-mh0;Ѵb;ˆ;v|_-|b|vu;-Ѵ o|;ƓƖ|o|_; bm-m1b-Ѵ"|-|;l;m|vĺ  $_;-mh_-v-mom]obm]ruo1;vv
ro|;mঞ-Ѵu;v|vom|_;v|u;m]|_-m7 bmrѴ-1;|ob7;mঞ=‹ķ;ˆ-Ѵ†-|;-m7
1-r-0bѴbঞ;vo=b|v|;-ll;l0;uv 41 GOING CONCERN l-m-];|_;ubvhv|_-|-u;=-1;70‹
bm-u-rb7Ѵ‹1_-m]bm];mˆbuoml;m|ĺ  $_; bu;1|ouvķ-[;ul-hbm]m;1;vv-u‹ |_;-mhĺ$_bvruo1;vvbv7;|-bѴ;7
ѴѴ;@ou|v-u;7bu;1|;7-|_-ˆbm]- bmt†bub;v-m7u;ˆb;‰vbm1Ѵ†7bm] bm|_;!bvh-m-];l;m|!;rou|om
loঞˆ-|;7-m71olr;|;m||;-lbm u;ˆb;‰vo=|_;0†7];|=ou|_; r-];vƐƐѵ|oƐƑƐĺ$_; bu;1|ouvķom
ou7;u|o]uo‰-m7-1_b;ˆ;u;v†Ѵ|v-v ;mv†bm]‹;-uķ1-rb|-Ѵ;Šr;m7b|†u; -u;]†Ѵ-u0-vbvu;ˆb;‰|_;-0oˆ;Ŋ
ruof;1|;7bm|_;"|u-|;]b1Ѵ-m-m7 u;t†bu;l;m|vķ=†|†u;ruovr;1|v-m7 l;mঞom;7ruo1;vv|_uo†]_|_;
|_;†7];|ĺv-|ƒƐv| ;1;l0;u ubvhvķ1-v_Yo‰v-m7v†1_o|_;u o-u7m|;]u-|;7!bvh-m-];l;m|
ƑƏƐѶķ|_;m†l0;uo=;lrѴo‹;;vom l-‚;uvu;t†bu;7|o0;-77u;vv;7 ollb‚;;ĺ
|_;r-‹uoѴѴo=|_;-mh‰-vƓķƐѶƖ bm|_;o7;o=;v|u-1ঞ1;om
ŐƑƏƐƕĹƓķƏƐƐőĺ ourou-|;oˆ;um-m1;bvv†;70‹|_; ƓƓĺƑm|;um-Ѵom|uoѴv
mvঞ|†|;o=_-u|;u;711o†m|-m|v T_; bu;1|ouvo=|_;-mh_-ˆ;|-h;m
36 ESOPs o="ub-mh--m7|_;-mhbm]1| u;-vom-0Ѵ;v|;rv|ov-=;]†-u7|_;
 $_;-mh7b7mo|bmbঞ-|;ou;v|-0Ѵbv_ bu;1ঞomoĺƐƐo=ƑƏƏƕom -vv;|vo=|_;uo†r-m7|_;-mh-m7
-m‹lrѴo‹;;"_-u;‰m;uv_brņ ourou-|;oˆ;um-m1;=oub1;mv;7 |oru;ˆ;m|-m77;|;1|=u-†7v-m7-m‹
rঞomѴ-mv7†ubm]|_;‹;-uĺ oll;u1b-Ѵ-mhvbvv†;70‹|_; o|_;ubuu;]†Ѵ-ubঞ;vĺ ou|_bvr†urov;ķ
"ķ-u;v-ঞvC;7|_-||_;-mh |_; bu;1|ouv_-ˆ;bmvঞ|†|;7
37 ENVIRONMENTAL PROTECTION _-v-7;t†-|;u;vo†u1;v|o1omঞm†; ;@;1ঞˆ;-m71olru;_;mvbˆ;v‹v|;lv
or;u-ঞomvbm|o|_;=ou;v;;-0Ѵ; o=bm|;um-Ѵ1om|uoѴv=oub7;mঞ=‹bm]ķ
To th;0;v|hmo‰Ѵ;7];o=|_;o-u7ķ
=†|†u;ĺ11ou7bm]Ѵ‹ķ|_;‹1omঞm†; u;1ou7bm]ķ;ˆ-Ѵ†-ঞm]-m7l-m-]bm]
|_;-mh_-vmo|;m]-];7bm-m‹
to a7or||_;]obm]1om1;um0-vbvbm |_;vb]mbC1-m|ubvhv=-1;70‹|_;-mh
-1ঞˆb|‹|_-|bv_-ul=†Ѵou_-Œ-u7o†v
ru;r-ubm]|_; bm-m1b-Ѵ"|-|;l;m|vĺ ņuo†r|_uo†]_o†||_;‹;-u-m7b|
|o|_;;mˆbuoml;m|ĺ$_; bu;1|ouv
-Ѵvo1omCul|_-||o|_;0;v|o= bv0;bm]u;]†Ѵ-uѴ‹u;ˆb;‰;70‹|_;
|_;buhmo‰Ѵ;7];-m70;Ѵb;=|_;-mh
42 DONATIONS o-u7o= bu;1|ouvĺ
_-v1olrѴb;7‰b|_|_;u;Ѵ;ˆ-m| As ret†bu;70‹|_;";1ঞom
;mˆbuoml;m|-ѴѴ-‰v-m7u;]†Ѵ-ঞomvĺ ƐѵѶŐƐőŐ]őo=|_;olr-mb;v1|ķ  $_bv1olrubv;vbm|;um-Ѵu;ˆb;‰vķ
bm=oul-ঞomr;u|-bmbm]|o7om-ঞomv internaѴ-†7b|-m7|_;‰_oѴ;v‹v|;l
38 STATUTORY PAYMENTS l-7;0‹|_;-mh7†ubm]|_;‹;-u o=Cm-m1b-Ѵ-m7o|_;u1om|uoѴv
bv]bˆ;m0;Ѵo‰ĺ †ubm]|_;‹;-u u;t†bu;7|o1-uu‹om|_;or;u-ঞomv
 $_; bu;1|ouvķ|o|_;0;v|o=|_;bu
|_;-mhl-7;7om-ঞomv|o|_; bm-mou7;uѴ‹l-mm;uķv-=;]†-u7|_;
hmo‰Ѵ;7];-m70;Ѵb;=ķ-u;v-ঞvC;7
ˆ-Ѵ†;o=!vƒķѶƒѶķƏƏƏņŊŐƑƏƐƕĹ -vv;|vķru;ˆ;m|-m77;|;1|=u-†7v
|_-|-ѴѴv|-|†|ou‹r-‹l;m|v7†;|o
!vƑķƓƐƕķƏƏƏņŊőbm|;ulvo=|_; -m7o|_;ubuu;]†Ѵ-ubঞ;v-m7v;1†u;ķ-v
|_;oˆ;uml;m|ķo|_;uu;]†Ѵ-|ou‹
u;voѴ†ঞomr-vv;7-||_;Ѵ-v|mm†-Ѵ =-u-vru-1ঞ1-0Ѵ;ķ|_;-11†u-1‹-m7
0o7b;v-m7u;Ѵ-|;7|o|_;;lrѴo‹;;v
;m;u-Ѵ;;ঞm]ĺ†|o=|_; u;Ѵb-0bѴb|‹o=|_;u;1ou7vĺ
_-ˆ;0;;mr-b7om-ঞl;Ѵ‹0-vbvĺ

194 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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$ "&""ş+""
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FINANCIAL INFORMATION
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45 CORPORATE GOVERNANCE 46 AUDITORS |_;buf†7]l;m|vķl-‹u;-vom-0Ѵ‹0;

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+o†m]-v-†7b|u;Ѵ-|;7=;;v-m7 47 NOTICE OF MEETING
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PROF MALIK RANASINGHE SANJIVA SENANAYAKE NANDA FERNANDO LASANTHA SENARATNE

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SAMPATH SIMPLIFIED 195

DIRECTORS’ INTEREST IN CONTRACTS
WITH THE BANK
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Company Relationship Nature of the Facility Current Balance Balance

Limit Outstanding Outstanding
as at 31st as at 31st
December December
2018 2017
Rs 000 Rs 000 Rs 000

Mr Nanda Fernando
Institute of Bankers of Sri Lanka Director Deposits 301 2,623
Repo 6,200 29,983
Prof Malik Ranasinghe
Access Engineering PLC Independent Non Executive Director Deposits 19,634 47,800
Investment in debentures 303,707 303,707
Debentures issued by the Bank 100,000 100,000
Indirect facilities 3,100,000 217,052 529,589
United Motors Lanka PLC Independent Non Executive Director Deposits 178 319
Resus Energy PLC Independent Non Executive Director Loan & receivables 11,455 11,455 964
Deposits 9,065 4,566
Indirect facilities 51,192 51,192 12,344
Mr Deepal Sooriyaarachchi
AIA Insurance Lanka PLC Independent Non Executive Director Deposits 20,836 7,694
Debentures issued by the Bank 25,000 1,100,310
Singer Sri Lanka PLC* Independent Non Executive Director Loan & receivables 3,800,000 3,197,534 260,775
Investment in debentures 103,074 617,378
Indirect facilities 300,000 169,830 165,320
Panasian Power PLC Independent Non Executive Director Loan & receivables 183,305 183,305 693,203
Deposits 32,385 254
Indirect facilities - - 50,000
Mrs Dhara Wijayatilake
Ceylon Chamber of Commerce &KLHI([HFXWLYH2ɝFHU Debentures issued by the Bank 767,000 767,000
Deposits 38,300 37,512
Ingame Entertainment (Pvt) Ltd Director Loan & receivables 2,000 676 -
Mr Ranil Pathirana
Windforce (Pvt) Ltd Non Executive Director Deposits 24,087 21,170
Repo - 168,000
Indirect facilities - - 105,000
Renewgen (Pvt) Ltd Non Executive Director Loan & receivables 7,357 7,357 5,459
Deposits 53,890 29,735
Star Packaging (Pvt) Ltd Non Executive Director Loan & receivables 465,800 27,824 109,258
Deposits 53 34
Indirect facilities 200,000 84,751 153,012
ODEL PLC Non Executive Director Loan & receivables 150,000 65,756 105,546
Deposits 6,309 10,060
Indirect facilities 75,000 17,400 7,294
Hirdaramani Industries (Pvt) Ltd Director Deposits 476 485
Ceylon Knit Trend (Pvt) Ltd Director Deposits 487,215 252,537
Rosewood (Pvt) Ltd Director Deposits 3,990 217
Repo - 75,000
Alumex PLC Non Executive Director Loan & receivables 600,000 234,203 256,412
Deposits 2,990 5,114
Indirect facilities 270,000 270,314 185,275
H I Fashion Holdings (Pvt) Ltd Director Deposits 3,660 -
Loan & receivables 20,900 900 -
Indirect facilities 57,614 - -
Mr Dilip de S Wijeyeratne*
Regnis (Lanka) PLC Non Executive Director Deposits 7,285 -
Loan & receivables 35,000 - -
Indirect facilities 60,439 60,439 -

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196 SAMPATH BANK PLC Annual Report 2018

DIRECTORS’ STATEMENT ON
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INTERNAL CONTROL OVER

FINANCIAL INFORMATION
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Ѵ;ˆ;Ѵo=ubvh-vv;vv;7ĺ †ubm]|_;‹;-u
|_;u;Ѵb-0bѴb|‹o=Cm-m1b-Ѵu;rouঞm]ķ ollb‚;;Ş0;=ou;v†0lbমm]|_;bu
ƑƏƐѶķ|_;m|;um-Ѵ†7b| ;r-u|l;m|

SAMPATH SIMPLIFIED 197

DIRECTORS’ STATEMENT ON INTERNAL
CONTROL OVER FINANCIAL REPORTING

Cm-Ѵu;rou|omm|;um-Ѵom|uoѴ y $_;o-u7|oohm;1;vv-u‹v|;rv CONFIRMATION

ˆ;u bm-m1b-Ѵ!;rouঞm]|o|_; |oblrѴ;l;m||_;u;t†bu;l;m|vo= -v;7om|_;-0oˆ;ruo1;vv;vķ|_;o-u7
o-u7†7b|ollb‚;;-m7|_; |_;"ub-mh-11o†mঞm]"|-m7-u7 1omCulv|_-||_;Cm-m1b-Ѵu;rouঞm]
Š|;um-Ѵ†7b|ouvĺ$_;-mh-7or|;7 ŋ" !"ƖŐ bm-m1b-Ѵmv|u†l;m|vőĺ v‹v|;lo=|_;-mh_-v0;;m7;vb]m;7|o
|_;m;‰"ub-mh-11o†mঞm] $_;u;t†bu;7lo7;Ѵv_-ˆ;0;;m ruoˆb7;-u;-vom-0Ѵ;-vv†u-m1;u;]-u7bm]
"|-m7-u7v1olrubvbm]"-m7 blrѴ;l;m|;7-m7ruo1;vv;v-m7 |_;u;Ѵb-0bѴb|‹o=Cm-m1b-Ѵu;rouঞm]-m7
" !"bmƑƏƐƑĺ$_;ruo1;vv;v-m7 1om|uoѴv_-ˆ;0;;m7;vb]m;7ĺѴvo |_;ru;r-u-ঞomo=Cm-m1b-Ѵv|-|;l;m|v=ou
ruo1;7†u;vbmbঞ-ѴѴ‹-rrѴb;7|o-7or| -7;t†-|;|u-bmbm]-m7-‰-u;m;vv ;Š|;um-Ѵr†urov;v-m7bvbm-11ou7-m1;
|_;-=ou;l;mঞom;711o†mঞm] v;vvbomv_-ˆ;0;;m1om7†1|;7 ‰b|_u;Ѵ;ˆ-m|-11o†mঞm]rubm1brѴ;v-m7
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7†ubm]|_;‹;-uvƑƏƐƒ|oƑƏƐѶ o-u7-m7";mbou-m-];l;m|ĺ$_; -mho="ub-mh-ĺ
0-v;7om|_;=;;70-1hu;1;bˆ;7 o-u7‰bѴѴ1omঞm†o†vѴ‹v|u;m]|_;m
=uol|_;Š|;um-Ѵ†7b|ouvķm|;um-Ѵ |_;ruo1;vv;v-m71om|uoѴv-uo†m7 REVIEW OF THE STATEMENT BY
†7b| ;r-u|l;m|ķ!;]†Ѵ-|ouv-m7 l-m-];l;m|bm=oul-ঞomv‹v|;lv EXTERNAL AUDITORS
|_;o-u7†7b|ollb‚;;ĺ$_; -m7u;rou|vu;t†bu;7=ouˆ-Ѵb7-ঞom
$_;Š|;um-Ѵ†7b|ouvķ;vvuvumv|
-mh_-v7o1†l;m|;7ruo1;7†u;v -m71olrѴb-m1;bmѴbm;‰b|_" !"Ɩ
ş+o†m]ķ_-ˆ;u;ˆb;‰;7|_;-0oˆ;
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ˆ;u bm-m1b-Ѵ!;rouঞm]bm1Ѵ†7;7bm|_;
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;m7;7ƒƐv| ;1;l0;uƑƏƐѶ-m7u;rou|;7
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|o|_;o-u7|_-|mo|_bm]_-v1ol;
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‰b|_|_;u;t†bu;l;m|vo=u;1o]mbঞomķ =uolƐv|-m†-u‹ƑƏƐƖ-m7m;1;vv-u‹
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-m77bv1Ѵov†u;o=|_;Cm-m1b-Ѵ blr-1|omCm-m1b-Ѵv|-|;l;m|v-m7|o
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7;vb]m-m7;@;1ঞˆ;m;vvo=|_;m|;um-Ѵ
;L1b;m|Ѵ‹ĺo‰;ˆ;uķ|_;-†|ol-ঞom
y $_;1oll;m|vl-7;0‹|_; om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]o=|_;
ruo1;vv‰-v|;lrou-ubѴ‹7;Ѵ-‹;7
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†mঞѴ|_;blrѴ;l;m|-ঞomo="ub-mh-
‰b|_bm|;um-Ѵ1om|uoѴv‹v|;loˆ;u m|;um-Ѵom|uoѴoˆ;u bm-m1b-Ѵ!;rouঞm]
11o†mঞm]"|-m7-u7Ŋ" !"Ɩ
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Ő bm-m1b-Ѵmv|u†l;m|vőbmƑƏƐѶbm
‰;u;u;ˆb;‰;77†ubm]|_;‹;-u !;rou|ĺ
ou7;u|o1-r|†u;|_;l-|;ub-Ѵ1_-m];v
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|_;Cm-m1b-Ѵu;rouঞm]ruo1;vvĺ |_;Š|;um-Ѵ†7b|ouvbmƑƏƐѶbm
$_;-vv;vvl;m|7o;vmo|bm1Ѵ†7; 1omm;1ঞom‰b|_|_;bm|;um-Ѵ1om|uoѴ
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0;7;-Ѵ|‰b|_bm|_;=†|†u;ĺ

‹ou7;uo=|_;o-u7ķ

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ƐƓ|_ ;0u†-u‹ƑƏƐƖ

198 SAMPATH BANK PLC Annual Report 2018

INDEPENDENT ASSURANCE
$! &$!+ !$
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REPORT TO THE BOARD OF

FINANCIAL INFORMATION
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DIRECTORS OF
SAMPATH BANK PLC

REPORT ON THE DIRECTOR’S OUR RESPONSIBILITIES AND v-lrѴ;0-vbv|_-|v†rrou|;7|_;ruo1;vv

STATEMENT ON INTERNAL COMPLIANCE WITH SLSAE 3050 -7or|;70‹|_;o-u7o= bu;1|ouvĺ
CONTROL Ґ!(" ґ
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);‰;u;;m]-];70‹|_;o-u7o= †uu;vromvb0bѴb|‹bv|o-vv;vv‰_;|_;u
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OUR INDEPENDENCE AND QUALITY _-vru;r-u;7ķbm-ѴѴl-|;ub-Ѵu;vr;1|vķ|_;
ruoˆb7;-0-vbv=ouo†u1om1Ѵ†vbomĺ
CONTROL "|-|;l;m|omm|;um-Ѵom|uoѴĺ
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-m7|_;;Šbv|;m1;o=7o1†l;m|-ঞomom-
oѴol0o

SAMPATH SIMPLIFIED 199

MANAGING DIRECTOR’S AND
GROUP CHIEF FINANCIAL OFFICER’S
RESPONSIBILITY STATEMENT
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y olr-mb;v1|oĺƕo=ƑƏƏƕ
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y $_;o7;o=;v|u-1ঞ1;om
bmv|-ѴѴbm]-v‹v|;lo=bm|;um-Ѵ1om|uoѴv ;mv†u;|_-||_;ruoˆbvbomo=v†1_v;uˆb1;v
ourou-|;oˆ;um-m1;ƑƏƐƕ
-m7ruo1;7†u;v=ouv-=;]†-u7bm]-vv;|vķ 7o;vmo|blr-bu;vvuvumv|ş+o†m]Ľv
bvv†;70‹|_;mvঞ|†|;o=_-u|;u;7
ru;ˆ;mঞm]-m77;|;1ঞm]=u-†7v-m7ņou bm7;r;m7;m1;ĺ
11o†m|-m|vo="ub-mh-ĸ-m7";1ঞom
;uuouv-v‰;ѴѴ-vo|_;ubuu;]†Ѵ-ubঞ;v‰_b1_
ƒŐѶőŐbbőŐ0őo=|_;-mhbm]1| bu;1ঞom
-u;u;ˆb;‰;7ķ;ˆ-Ѵ†-|;7-m7†r7-|;7om );1omCul|_-||o|_;0;v|o=o†u
oĺƐƐo=ƑƏƏƕomourou-|;
-mom]obm]0-vbvĺ†um|;um-Ѵ†7b|ouv hmo‰Ѵ;7];Ĺ
oˆ;um-m1;bvv†;70‹|_;"ĺ
_-ˆ;1om7†1|;7r;ubo7b1-†7b|v|oruoˆb7;
y $_;uo†r_-v1olrѴb;7‰b|_-ѴѴ
u;-vom-0Ѵ;-vv†u-m1;|_-||_;;v|-0Ѵbv_;7
$_;=oul-|v†v;7bm|_;ru;r-u-ঞomo= -rrѴb1-0Ѵ;Ѵ-‰vķu;]†Ѵ-ঞomv-m7
roѴb1b;v-m7ruo1;7†u;v‰;u;1omvbv|;m|Ѵ‹
|_; bm-m1b-Ѵ"|-|;l;m|v-m77bv1Ѵov†u;v ru†7;mঞ-Ѵu;t†bu;l;m|vĸ
=oѴѴo‰;7ĺo‰;ˆ;uķ|_;u;-u;bm_;u;m|
l-7;1olrѴ‹‰b|_|_;=oul-|vru;v1ub0;7
Ѵblb|-ঞomv|_-|v_o†Ѵ70;u;1o]mbv;7bm y $_;u;-u;mol-|;ub-Ѵmom
0‹|_;;m|u-Ѵ-mho="ub-mh-ķ‰_b1_
‰;b]_bm]|_;-vv†u-m1;vruoˆb7;70‹-m‹ 1olrѴb-m1;vĸ-m7
-u;-Ѵvobm1olrѴb-m1;‰b|_|_;7bv1Ѵov†u;
v‹v|;lo=bm|;um-Ѵ1om|uoѴv-m7-11o†mঞm]ĺ
u;t†bu;l;m|vo=|_;"ub-mh-11o†mঞm] y $_;u;-u;mol-|;ub-ѴѴbঞ]-ঞom|_-|
"|-m7-u7Ŋ"ƐŐu;v;m|-ঞomo= -u;r;m7bm]-]-bmv||_;uo†ro|_;u
);1omCul1olrѴb-m1;‰b|_v;1ঞomƒŐѶőŐbbő
bm-m1b-Ѵ"|-|;l;m|vőĺ |_-m|_ov;7bv1Ѵov;7bmo|;ƓѵĺƔ|o
Ő0őo=|_;-mhbm]1| bu;1ঞomoĺƐƐo=
|_; bm-m1b-Ѵ"|-|;l;m|vbm|_;mm†-Ѵ
ƑƏƏƕomourou-|;oˆ;um-m1;Őm|;um-Ѵ
$_;11o†mঞm]oѴb1b;v†v;7bm|_; !;rou|ĺ
om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]Ŋ !ő
ru;r-u-ঞomo=|_; bm-m1b-Ѵ"|-|;l;m|v-u;
bvv†;70‹|_;;m|u-Ѵ-mho="ub-mh-
-rruorub-|;-m7-u;1omvbv|;m|Ѵ‹-rrѴb;7
-vo=ƒƐv| ;1;l0;uƑƏƐѶ-m7|_-||_;
0‹|_;uo†rĺ$_;vb]mbC1-m|-11o†mঞm]
-mhĽvm|;um-Ѵom|uoѴvˆ;u bm-m1b-Ѵ
roѴb1b;v-m7;vঞl-|;v|_-|bmˆoѴˆ;-_b]_
!;rouঞm]bv-7;t†-|;-m7;@;1ঞˆ;ĺ$_;
7;]u;;o=f†7]l;m|-m71olrѴ;Šb|‹‰;u;   ! 
mm†-Ѵ!;rou|o=|_; bu;1|ouvomr-];v
7bv1†vv;7‰b|_|_;o-u7†7b|ollb‚;; -m-]bm] bu;1|ou
ƐѶƕ|oƐƖѵ_-v0ub;Y‹1oˆ;u;7|_;uo†rĽv
-m7Š|;um-Ѵ†7b|ouvĺolr-u-ঞˆ;
m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]ĺ
bm=oul-ঞom_-v0;;mu;v|-|;7‰_;u;ˆ;u
m-77bঞomķ bu;1|ouvĽ"|-|;l;m|om
m;1;vv-u‹|o1olrѴ‹‰b|_|_;1†uu;m|
m|;um-Ѵom|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]
ru;v;m|-ঞomĺo‰;ˆ;uķ|_;-mh7b7
bvruoˆb7;7omr-];vƐƖƕşƐƖѶĺ$_; $ ("&"!
mo|u;v|-|;1olr-u-ঞˆ;bm=oul-ঞom=ou
-mhĽvŠ|;um-Ѵ†7b|ouvķ;vvuvumv|ş uo†r_b;= bm-m1b-ѴL1;u
ƑƏƐƕ‰b|_u;]-u7|oCm-m1b-Ѵbmv|u†l;m|v
+o†m]ķ_-ˆ;-†7b|;7|_;;@;1ঞˆ;m;vvo=
‰b|_bm|_;v1or;o=" !"ƏƖĺ$_;u;=ou;
|_;-mhĽvm|;um-Ѵom|uoѴvˆ;u bm-m1b-Ѵ oѴol0oķ"ub-mh-
|_;1olr-u-ঞˆ;bm=oul-ঞom=ouƑƏƐƕ
!;rouঞm]-m7_-ˆ;]bˆ;m-m†mt†-ѴbC;7 ƐƓ|_ ;0u†-u‹ƑƏƐƖ
bvu;rou|;7†m7;u"ƒƖ-m7bvmo|
orbmbomomr-];ƐƖƖo=|_bvmm†-Ѵ!;rou|ĺ

200 SAMPATH BANK PLC Annual Report 2018

STATEMENT OF DIRECTORS’
$! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!

RESPONSIBILITY FOR
FINANCIAL INFORMATION
"&$!+ !$

FINANCIAL REPORTING
$_;u;vromvb0bѴbঞ;vo=|_; bu;1|ouvbm o-u7†7b|ollb‚;;-m7o-u7 1||o];|_;u‰b|_b|v-l;m7l;m|vķ|_;
u;Ѵ-ঞom|o|_; bm-m1b-Ѵ"|-|;l;m|vo= o= bu;1|ouvĺ †u|_;uķ|_; bm-m1b-Ѵ omঞm†bm]bvঞm]!†Ѵ;vo=|_;oѴol0o
"-lr-|_-mhŐľ|_;-mhĿő-m7|_; "|-|;l;m|vo=|_;-mh-m7|_; "|o1hŠ1_-m];Ő"ő-m7|_;o7;o=
omvoѴb7-|;7 bm-m1b-Ѵ"|-|;l;m|vo=|_; uo†r_-ˆ;0;;mvb]m;70‹|_u;; ;v|u-1ঞ1;omourou-|;oˆ;um-m1;
-mh-m7b|v"†0vb7b-ub;vŐľ|_;uo†rĿő-u; bu;1|ouv-m7|_;olr-m‹";1u;|-u‹ ƑƏƐƕbvv†;70‹|_;mvঞ|†|;o=_-u|;u;7
v;|o†|bm|_;=oѴѴo‰bm]"|-|;l;m|ĺ$_; bm1om=oulb|‹‰b|_|_;u;t†bu;l;m|v 11o†m|-m|vo="ub-mh-Ő"ub-mh-őĺ
u;vromvb0bѴb|‹o=|_;†7b|ouvbmu;Ѵ-ঞom o=|_;olr-mb;v1|ĺ †u|_;uķ|_;v; bm-m1b-Ѵ"|-|;l;m|v
|o|_; bm-m1b-Ѵ"|-|;l;m|vbvv;|o†|bm 1olrѴ‹‰b|_|_;ru;v1ub0;7=oul-|bvv†;7
 mru;r-ubm]|_;v; bm-m1b-Ѵ
|_;!;rou|o=|_;†7b|ouv]bˆ;momr-];v 0‹|_;;m|u-Ѵ-mho="ub-mh-Ő"ő
"|-|;l;m|vķ|_; bu;1|ouv;mv†u;
ƑƏƒ|oƑƏƔĺ =ou|_;ru;r-u-ঞomo=-mm†-Ѵ bm-m1b-Ѵ
|_-|Ĺ
"|-|;l;m|vo=b1;mv;7oll;u1b-Ѵ
vr;u|_;ruoˆbvbomvo=|_;olr-mb;v y $_;-rruorub-|;-11o†mঞm]roѴb1b;v -mhvĺ bu;1|ouv1omCul|_-||_;Cm-m1b-Ѵ
1|oĺƕo=ƑƏƏƕŐolr-mb;v1|őķ|_; _-ˆ;0;;mv;Ѵ;1|;7-m7-rrѴb;7bm u;rouঞm]v‹v|;l_-v0;;m7;vb]m;7|o
bu;1|ouvo=|_;-mh-u;u;vromvb0Ѵ;=ou -1omvbv|;m|l-mm;u-m7l-|;ub-Ѵ ruoˆb7;u;-vom-0Ѵ;-vv†u-m1;u;]-u7bm]
;mv†ubm]|_-||_;-mh-m7|_;uo†r 7;r-u|†u;vķb=-m‹ķ_-ˆ;0;;m |_;u;Ѵb-0bѴb|‹o=Cm-m1b-Ѵu;rouঞm]
h;;rruor;u0oohvo=-11o†m|o=-ѴѴ|_; 7bv1Ѵov;7-m7;ŠrѴ-bm;7ĸ -m7|_; bu;1|ouv-11;r|u;vromvb0bѴb|‹
|u-mv-1ঞomv-m7|_;‹-u;u;t†bu;7|o =ou|_;bm|;]ub|‹-m7o0f;1ঞˆb|‹o=|_;
y $_; bm-m1b-Ѵ"|-|;l;m|v-u;
ru;r-u; bm-m1b-Ѵ"|-|;l;m|v|_-|]bˆ;- bm-m1b-Ѵ"|-|;l;m|vr†0Ѵbv_;7bm|_bv
ru;v;m|;7bm-11ou7-m1;‰b|_"ub
|u†;-m7=-buˆb;‰o=|_;Cm-m1b-Ѵrovbঞom mm†-Ѵ!;rou|ĺ$_; bu;1|ouv1omCul
-mh-11o†mঞm]"|-m7-u7vŐ" !"ņ
o=|_;-mh-m7|_;uo†r-v-|;m7 |_-|bmru;r-ubm]|_; bm-m1b-Ѵ"|-|;l;m|v
"ő-m7-u;1omvbv|;m|‰b|_|_;
o=;-1_Cm-m1b-Ѵ‹;-u-m7rѴ-1;|_;l ]bˆ;momr-];vƑƏѵ|oƒƔѵķ-rruorub-|;
†m7;uѴ‹bm]0oohvo=-11o†m|ĸ
0;=ou;-];m;u-Ѵl;;ঞm]ĺ$_; bm-m1b-Ѵ -11o†mঞm]roѴb1b;v_-ˆ;0;;mv;Ѵ;1|;7
"|-|;l;m|v1olrubv;o=|_;"|-|;l;m| y !;-vom-0Ѵ;-m7ru†7;m|f†7]l;m|v -m7-rrѴb;70-v;7om|_;m;‰Cm-m1b-Ѵ
o= bm-m1b-Ѵovbঞom-v-|;m7o=|_; -m7;vঞl-|;v_-ˆ;0;;ml-7;vo u;rouঞm]=u-l;‰ouhom-1omvbv|;m|
Cm-m1b-Ѵ‹;-uķ|_;"|-|;l;m|o=uoC| |_-||_;=oul-m7v†0v|-m1;o= 0-vbvķ‰_bѴ;u;-vom-0Ѵ;-m7ru†7;m|
ouovvķ"|-|;l;m|o=olru;_;mvbˆ; |u-mv-1ঞomv-u;ruor;uѴ‹u;Y;1|;7ĸ f†7]l;m|v_-ˆ;0;;ml-7;vo|_-||_;
m1ol;ķ"|-|;l;m|o=-v_ Ѵo‰vķ =oul-m7v†0v|-m1;o=|u-mv-1ঞomv-u;
y $_; bm-m1b-Ѵ"|-|;l;m|vruoˆb7;
"|-|;l;m|o=_-m];vbmt†b|‹=ou|_; ruor;uѴ‹u;Y;1|;7ĺ
|_;bm=oul-ঞomu;t†bu;70‹|_;
Cm-m1b-Ѵ‹;-u;m7;7-m7mo|;v|_;u;|oĺ
olr-mb;v1|ķ-mhbm]1|oĺ
$_; bu;1|ouv_-ˆ;|-h;m-rruorub-|;
ƒƏo=ƐƖѶѶŐ-mhbm]1|ő-m7|_;
$_; bm-m1b-Ѵ"|-|;l;m|v-u;ru;r-u;7 v|;rv|o;mv†u;|_-||_;-mh-m7|_;
omঞm†bm]bvঞm]!†Ѵ;vo=|_;
†m7;u|_;v†r;uˆbvbomo=|_;uo†r_b;= uo†rl-bm|-bmruor;u0oohvo=-11o†m|
oѴol0o"|o1hŠ1_-m];ĺ
bm-m1b-ѴL1;u‰_obv-l;l0;uo=|_; -m7u;ˆb;‰|_;Cm-m1b-Ѵu;rouঞm]v‹v|;l
ourou-|;-m-];l;m|o=|_;-mhĺ y $_;1olr-mb;v‰b|_bm|_;uo†r 7bu;1|Ѵ‹-||_;buu;]†Ѵ-ul;;ঞm]v-m7-Ѵvo
$_; bu;1|ouv1omCul|_-||_; bm-m1b-Ѵ l-bm|-bmv†L1b;m|-11o†mঞm]u;1ou7v |_uo†]_|_;o-u7†7b|ollb‚;;ĺ$_;
"|-|;l;m|vo=|_;-mh-m7|_;uo†r |o7bv1Ѵov;|_;Cm-m1b-Ѵrovbঞomo= !;rou|o=|_;o-u7†7b|ollb‚;;bv
]bˆ;-|u†;-m7=-buˆb;‰o=Ĺ |_;uo†r‰b|_u;-vom-0Ѵ;-11†u-1‹ĺ ]bˆ;momr-];vƐƕѵ|oƐƕѶĺ$_;o-u7
o= bu;1|ouv-Ѵvo-rruoˆ;v|_;m|;ubl
y $_;v|-|;o=-@-buvo=|_;-mh-m7 $_; bu;1|ouv;mv†u;|_-||_;-mh-m7 bm-m1b-Ѵ"|-|;l;m|vrubou|o|_;buu;Ѵ;-v;ķ
|_;uo†r-v-|ƒƐv| ;1;l0;u |_;uo†r_-ˆ;-7;t†-|;u;vo†u1;v =oѴѴo‰bm]-u;ˆb;‰-m7u;1oll;m7-ঞom
ƑƏƐѶĹ-m7 |o1omঞm†;bmor;u-ঞom-m7|of†vঞ=‹ 0‹|_;o-u7†7b|ollb‚;;ĺ
-rrѴ‹bm]|_;obm]om1;um0-vbvbm
y $_;Cm-m1b-Ѵr;u=oul-m1;o=|_;
ru;r-ubm]|_;v; bm-m1b-Ѵ"|-|;l;m|vĺ $_; bu;1|ouv_-ˆ;|-h;m-ѴѴu;-vom-0Ѵ;
-mh-m7|_;uo†r=ou|_;Cm-m1b-Ѵ
v|;rvor;m|o|_;l|ov-=;]†-u7|_;
‹;-u;m7;7ƒƐv| ;1;l0;uƑƏƐѶĺ
bm-m1b-Ѵ"|-|;l;m|v=ou|_;‹;-u -vv;|vo=|_;-mh-m7|_;uo†r-m7
 $_; bm-m1b-Ѵ"|-|;l;m|vo=|_; ƑƏƐѶķru;r-u;7-m7ru;v;m|;7bm|_bv |oru;ˆ;m|-m77;|;1|=u-†7v-m7-m‹
-mh-m7|_;uo†r_-ˆ;0;;m mm†-Ѵ!;rou|-u;1omvbv|;m|‰b|_|_; o|_;ubuu;]†Ѵ-ubঞ;vĺ ou|_bvr†urov;ķ
1;uঞC;70‹uo†r_b;= bm-m1b-Ѵ †m7;uѴ‹bm]0oohvo=-11o†m|-m7-u;bm |_; bu;1|ouv_-ˆ;bmvঞ|†|;7;@;1ঞˆ;
L1;uķ|_;oL1;uu;vromvb0Ѵ;=ou 1om=oulb|‹‰b|_|_;u;t†bu;l;m|vo="ub -m71olru;_;mvbˆ;v‹v|;lvo=bm|;um-Ѵ
|_;buru;r-u-ঞomķ-vu;t†bu;70‹|_; -mh-11o†mঞm]"|-m7-u7vķolr-mb;v 1om|uoѴv=oub7;mঞ=‹bm]ķu;1ou7bm]ķ
olr-mb;v1|ĺ$_;-11o†m|v_-ˆ; 1|ķ"ub-mh-11o†mঞm]-m7†7bঞm] ;ˆ-Ѵ†-ঞm]-m7l-m-]bm]|_;vb]mbC1-m|
0;;m1bu1†Ѵ-|;7-m7u;ˆb;‰;70‹|_; "|-m7-u7v1|oĺƐƔo=ƐƖƖƔķ-mhbm]

SAMPATH SIMPLIFIED 201

STATEMENT OF DIRECTORS’ RESPONSIBILITY
FOR FINANCIAL REPORTING

ubvhv=-1;70‹|_;-mh|_uo†]_o†| vu;t†bu;70‹";1ঞomƔѵŐƑőo=|_; ;lrѴo‹;;vo=|_;-mh-m7|_;uo†r

|_;‹;-u-m7bv†m7;uu;]†Ѵ-uu;ˆb;‰o= olr-mb;v1|ķ|_; bu;1|ouv_-ˆ;l-7; -m7-ѴѴo|_;uhmo‰mv|-|†|ou‹7†;v-v
|_;o-u7o= bu;1|ouvĺ$_bv1olrubv;v -m-vv;vvl;m|o=|_;"oѴˆ;m1‹o=|_; ‰;u;7†;-m7r-‹-0Ѵ;0‹|_;-mh-m7
bm|;um-Ѵu;ˆb;‰vķm|;um-Ѵ†7b|-m7 -mhķbll;7b-|;Ѵ‹-[;u|_;r-‹l;m|o= |_;uo†r-v-|u;rouঞm]7-|;_-ˆ;
|_;‰_oѴ;v‹v|;lo=Cm-m1b-Ѵ-m7 |_;ruorov;7Cm-Ѵ7bˆb7;m7-m71omCul 0;;mr-b7ouķ‰_;u;u;Ѵ;ˆ-m|ķruoˆb7;7
o|_;u1om|uoѴvu;t†bu;7|o1-uu‹om |_-||_;-mhv-ঞvC;v|_;"oѴˆ;m1‹ =ouķ;Š1;r|-vvr;1bC;7bmo|;oĺƓѵ
|_;or;u-ঞomvbm-mou7;uѴ‹l-mm;uķ $;v|-vu;t†bu;70‹";1ঞomƔƕo=|_; |o|_; bm-m1b-Ѵ"|-|;l;m|v1oˆ;ubm]
v-=;]†-u7|_;-vv;|vķru;ˆ;m|-m77;|;1| olr-mb;v1|ĺ$_; bu;1|ouv_-ˆ;-Ѵvo 1omঞm];m|Ѵb-0bѴbঞ;vĺ$_; bu;1|ouv
=u-†7v-m7o|_;ubuu;]†Ѵ-ubঞ;v-m7v;1†u; o0|-bm;7|_;;uঞC1-|;vo="oѴˆ;m1‹ 1omCul|_-|0-v;7om|_;bu-vv;vvl;m|ķ
-v=-u-vru-1ঞ1-0Ѵ;ķ|_;-11†u-1‹-m7 =uol|_;Š|;um-Ѵ†7b|ouvo=|_;-mhķ |_;-11o†mঞm]1om|uoѴv-u;-7;t†-|;-m7
u;Ѵb-0bѴb|‹o=|_;u;1ou7vĺ ;vvuvumv|ş+o†m]ĺ mo|_bm]_-v1ol;|o|_;bu-‚;mঞom|o
bm7b1-|;-m‹0u;-h7o‰mbm|_;=†m1ঞombm]
-v;7om|_;bu-vv;vvl;m|o=m|;um-Ѵ ;vvuvumv|ş+o†m]ķ_-u|;u;7 o=|_;v;1om|uoѴvķu;v†Ѵঞm]bml-|;ub-Ѵ
om|uoѴˆ;u bm-m1b-Ѵ!;rouঞm]Ő !őķ 11o†m|-m|vķ|_;Š|;um-Ѵ†7b|ouvo= Ѵovv|o|_;-mhĺ$_; bu;1|ouv-Ѵvo
bm1olrѴb-m1;‰b|_ bu;1ঞom |_;-mh‰;u;ruoˆb7;7‰b|_;ˆ;u‹ 1omCul|_-||_;-mh‰bѴѴ_-ˆ;-7;t†-|;
ƒŐѶőŐbbőŐ0őo=|_;-mhbm]1| bu;1ঞom orrou|†mb|‹|o†m7;u|-h;|_;bmvr;1ঞomv u;vo†u1;v|o1omঞm†;bmor;u-ঞom-Ѵ
oĺƐƐo=ƑƏƏƕomourou-|;oˆ;um-m1; |_;‹1omvb7;u;7-rruorub-|;ĺ$_;‹_-ˆ; ;Šbv|;m1;-m7-v-obm]om1;um=ou|_;
=ou|_;b1;mv;7oll;u1b-Ѵ-mhvķ|_; ;Š-lbm;7|_; bm-m1b-Ѵ"|-|;l;m|v =ou;v;;-0Ѵ;=†|†u;ĺ
bu;1|ouv_-ˆ;1om1Ѵ†7;7|_-|ķ-vo=ƒƐv| l-7;-ˆ-bѴ-0Ѵ;|o|_;l0‹|_; bu;1|ouv
;1;l0;uƑƏƐѶķ|_;uo†rĽvm|;um-Ѵ |o];|_;u‰b|_-ѴѴCm-m1b-Ѵu;1ou7vķu;Ѵ-|;7 $_; bu;1|ouv-u;o=|_;ˆb;‰|_-||_;‹
om|uoѴvˆ;u bm-m1b-Ѵ!;rouঞm]-u; 7-|-ķlbm†|;vo=|_;"_-u;_oѴ7;uvĽ _-ˆ;7bv1_-u];7|_;buu;vromvb0bѴbঞ;v-v
;@;1ঞˆ;ĺ$_; bu;1|ouvĽ"|-|;l;m|om ;;ঞm]vķ bu;1|ouvĽ;;ঞm]vķo-u7 v;|o†|bm|_;-0oˆ;v|-|;l;m|ĺ
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202 SAMPATH BANK PLC Annual Report 2018

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Key audit matter How our audit addressed the key audit matter

Impairment allowance for loans to To assess the reasonableness of the impairment allowance, our audit procedures (among
& receivables from other customers RWKHUVZHUHGHVLJQHGWRREWDLQVXɝFLHQWDQGDSSURSULDWHDXGLWHYLGHQFHVLQFOXGHGWKH
including Group’s transition to SLFRS 9: following:
Our audit considered impairment allowance y :HHYDOXDWHGGHVLJQLPSOHPHQWDWLRQDQGRSHUDWLQJH΍HFWLYHQHVVRIFRQWUROVRYHU
for loans to & receivables from other estimation of impairment of loans to and receivables from other customers, which
customers as a key audit matter. The included assessing the level of oversight, review and approval of impairment policies by
materiality of the reported amounts for the Board Audit Committees and management.
loans to & receivables from other customers
y We test-checked the underlying calculations and data.
(and impairment allowance thereof), the
subjectivity associated with management’s y In addition to the above, following focused procedures were performed:
impairment estimation and transition to
For loans to and receivables from other customers individually assessed for impairment:
Sri Lanka Financial Reporting Standard 9 :
Financial Instruments (SLFRS 9) underpinned y We assessed the main criteria used by the management for determining whether
our basis for considering it as a Key Audit an impairment event had occurred, including the management estimation of
Matter impairment of loans to and receivables from other customers in industries with
elevated risk of credit loss;

SAMPATH SIMPLIFIED 203

INDEPENDENT AUDITOR’S REPORT TO THE
SHAREHOLDERS OF SAMPATH BANK PLC

Key audit matter How our audit addressed the key audit matter

As at 31 December 2018, 71% of its total y Where impairment indicators existed, we assessed the reasonableness of
assets of the Group consisted of loans PDQDJHPHQWȇVHVWLPDWHGIXWXUHUHFRYHULHVLQFOXGLQJWKHH[SHFWHGIXWXUHFDVKȵRZV
to and receivables from other customers discount rates and the valuation of collateral held. We also compared the actual
amounting to LKR 675,894 Million (Note recoveries against previously estimated amounts of future recoveries.
27), net of impairment allowance of LKR
For loans to and receivables from other customers collectively assessed for impairment:
21,878 Million (Note 27.3). The impact
on transition to SLFRS 9 on the Group’s y We assessed the completeness of the underlying information in loans and advances
)LQDQFLDO6WDWHPHQWVKDVEHHQTXDQWLȴHG used in the impairment calculations by agreeing details to the Group’s source
and presented in Note 6 of the Financial documents and information in IT systems as well as re-performing the calculation of
statements. impairment allowance.

y We also considered reasonableness of macro-economic and other factors used by

The estimation of impairment allowance for
management in their judgmental overlays for various types of loan portfolios, by
loans to & receivables from other customers
comparing them with publicly available data and information sources.
involved complex manual calculations.
6LJQLȴFDQWHVWLPDWHVDQGDVVXPSWLRQVXVHG y :HDVVHVVHGWKHDGHTXDF\RIWKHUHODWHGȴQDQFLDOVWDWHPHQWGLVFORVXUHVDVVHWRXWLQ
by the management in such calculations, its note 27.
sensitivities and the basis for impairment
allowance are disclosed in Note 4.4.6 and y We also assessed the adequacy of the Group’s disclosure on the impact of the initial
51.2.1(c) and 51.2.1(d). adoption of SLFRS 9 as set out in note 06. This included testing of the quantitative impact
of the transition.
%DQNȇVȴQDQFLDOUHSRUWLQJSURFHVVDQG Our audit procedures included the following, amongst others
related IT systems and Controls y We involved our internal specialised resources to understand and evaluate design and
Bank uses multiple and complex IT systems RSHUDWLQJH΍HFWLYHQHVVRIVHOHFWHGDXWRPDWHGΖ7GHSHQGHQWDQGPDQXDOFRQWUROVDV
in its operations. As a result, preparation LPSOHPHQWHGE\PDQDJHPHQWRYHUWKHSURFHVVRIJHQHUDWLQJȴQDQFLDOVWDWHPHQWVDQG
RIȴQDQFLDOVWDWHPHQWVLQFOXVLYHRINH\ VLJQLȴFDQWGLVFORVXUHV
disclosures are heavily dependent on
y Test-checking of the system report generation functionalities that were deemed key
various information system outputs. In
WRȴQDQFLDOVWDWHPHQWGLVFORVXUHVVRXUFHGDWDZLWKWKRVHRIWKHUHODWHGV\VWHPVDQG
order to rely on the output of such system
calculations and categorisations performed by management to ensure accuracy and
for the purpose of the audit, ensuring
reasonability of functions and procedures respectively.
the appropriate design and operating
H΍HFWLYHQHVVRIȴQDQFLDOUHSRUWLQJUHODWHGΖ7 y Where we considered necessary, performing additional substantive audit procedures on
controls is critical. VSHFLȴFDFFRXQWUHFRQFLOLDWLRQVWKDWVXSSRUWVVLJQLȴFDQWȴQDQFLDOVWDWHPHQWVGLVFORVXUHV

y We also performed other procedures which included understanding and evaluation

The preparation and presentation of
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function that supported management’s assertion of integrity of systems.
on manual or IT dependent controls over
the said process was considered by us as an
DUHDRIVLJQLȴFDQWDWWHQWLRQΖQDGGLWLRQDV
our approach was based on a high degree
RIUHOLDQFHRQȴQDQFLDOUHSRUWLQJUHODWHG
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audit involved procedures in this area, and
accordingly we considered this to be a key
audit matter.

OTHER INFORMATION INCLUDED IN THE m1omm;1ঞom‰b|_o†u-†7b|o=|_;Cm-m1b-Ѵ =-1|ĺ);_-ˆ;mo|_bm]|ou;rou|bm|_bv

2018 ANNUAL REPORT v|-|;l;m|vķo†uu;vromvb0bѴb|‹bv|ou;-7 u;]-u7ĺ
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bm=oul-ঞombm1Ѵ†7;7bm|_;mm†-Ѵ!;rou|ķ 1omvb7;u‰_;|_;u|_;o|_;ubm=oul-ঞombv RESPONSIBILITIES OF MANAGEMENT
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204 SAMPATH BANK PLC Annual Report 2018

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|_;v;Cm-m1b-Ѵv|-|;l;m|vĺ Ŏ ˆ-Ѵ†-|;|_;oˆ;u-ѴѴru;v;m|-ঞomķ olr-mb;v1|oĺƏƕo=ƑƏƏƕķ‰;
v|u†1|†u;-m71om|;m|o=|_;Cm-m1b-Ѵ _-ˆ;o0|-bm;7-ѴѴ|_;bm=oul-ঞom-m7
vr-u|o=-m-†7b|bm-11ou7-m1;‰b|_ v|-|;l;m|vķbm1Ѵ†7bm]|_;7bv1Ѵov†u;vķ ;ŠrѴ-m-ঞomv|_-|‰;u;u;t†bu;7=ou|_;-†7b|
"†"vķ‰;;Š;u1bv;ruo=;vvbom-Ѵf†7]l;m| -m7‰_;|_;u|_;Cm-m1b-Ѵv|-|;l;m|v -m7ķ-v=-u-v-rr;-uv=uolo†u;Š-lbm-ঞomķ
-m7l-bm|-bmruo=;vvbom-Ѵvh;rঞ1bvl u;ru;v;m||_;†m7;uѴ‹bm]|u-mv-1ঞomv ruor;u-11o†mঞm]u;1ou7v_-ˆ;0;;mh;r|
|_uo†]_o†||_;-†7b|ĺ);-ѴvoĹ -m7;ˆ;m|vbm-l-mm;u|_-|-1_b;ˆ;v=-bu 0‹|_;-mhĺ
ru;v;m|-ঞomĺ
Ŏ 7;mঞ=‹-m7-vv;vv|_;ubvhvo=l-|;ub-Ѵ Ŏ 0|-bmv†L1b;m|-rruorub-|;-†7b| "ub-mh-l;l0;uv_brm†l0;uo=|_;
lbvv|-|;l;m|o=|_;Cm-m1b-Ѵv|-|;l;m|vķ ;ˆb7;m1;u;]-u7bm]|_;Cm-m1b-Ѵ ;m]-];l;m|r-u|m;uu;vromvb0Ѵ;=ouvb]mbm]
‰_;|_;u7†;|o=u-†7ou;uuouķ7;vb]m-m7 bm=oul-ঞomo=|_;;mঞঞ;vou0†vbm;vv |_bvbm7;r;m7;m|-†7b|ouĽvu;rou|bvƑƐƖƖĺ
r;u=oul-†7b|ruo1;7†u;vu;vromvbˆ;|o -1ঞˆbঞ;v‰b|_bm|_;uo†r|o;Šru;vv
|_ov;ubvhvķ-m7o0|-bm-†7b|;ˆb7;m1; -morbmbomom|_;1omvoѴb7-|;7Cm-m1b-Ѵ
|_-|bvv†L1b;m|-m7-rruorub-|;|o v|-|;l;m|vĺ);-u;u;vromvb0Ѵ;=ou|_;
ruoˆb7;-0-vbv=ouo†uorbmbomĺ$_;ubvh 7bu;1ঞomķv†r;uˆbvbom-m7r;u=oul-m1;
o=mo|7;|;1ঞm]-l-|;ub-Ѵlbvv|-|;l;m| o=|_;]uo†r-†7b|ĺ);u;l-bmvoѴ;Ѵ‹ ƐƓ ;0u†-u‹ƑƏƐƖ
u;v†Ѵঞm]=uol=u-†7bv_b]_;u|_-m=ou u;vromvb0Ѵ;=ouo†u-†7b|orbmbomĺ oѴol0o
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SAMPATH SIMPLIFIED 205

STATEMENT OF
PROFIT OR LOSS
Bank Group
For the year ended 31st December Note 2018* 2017 Change 2018* 2017 Change
Rs 000 Rs 000 % Rs 000 Rs 000 %

Gross income 7 115,310,251 92,589,785 24.5 121,883,835 97,440,220 25.1

Interest income 97,934,195 79,624,760 23.0 103,832,591 83,909,371 23.7

Less: Interest expense 59,880,491 51,261,317 16.8 62,960,387 53,612,130 17.4
Net interest income 8 38,053,704 28,363,443 34.2 40,872,204 30,297,241 34.9

Fee & commission income 11,605,802 9,504,988 22.1 11,918,205 9,776,971 21.9
Less: Fee & commission expense 1,686,995 1,349,362 25.0 1,690,598 1,355,353 24.7
Net fee & commission income 9 9,918,807 8,155,626 21.6 10,227,607 8,421,618 21.4

Net trading (loss) / gain 10 (2,268,614) 339,962 (767.3) (2,268,614) 339,962 (767.3)
1HWJDLQRQȴQDQFLDODVVHWV 11 160,526 145,012 10.7 160,766 145,192 10.7
Other operating income 12 7,878,342 2,975,063 164.8 8,240,887 3,268,724 152.1
Total operating income 53,742,765 39,979,106 34.4 57,232,850 42,472,737 34.8

Less: Impairment charge 13 11,222,809 2,375,793 372.4 12,138,710 2,633,673 360.9

Net operating income 42,519,956 37,603,313 13.1 45,094,140 39,839,064 13.2

Less: Operating expenses

Personnel expenses 14 8,836,372 8,036,008 10.0 9,674,521 8,701,904 11.2
Other operating expenses 15 10,470,544 8,882,479 17.9 11,149,448 9,317,543 19.7
Total operating expenses 19,306,916 16,918,487 14.1 20,823,969 18,019,447 15.6

2SHUDWLQJSURȴWEHIRUHWD[HVRQȴQDQFLDO
services 23,213,040 20,684,826 12.2 24,270,171 21,819,617 11.2

/HVV7D[HVRQȴQDQFLDOVHUYLFHV 16 4,863,041 4,078,901 19.2 5,148,806 4,309,389 19.5

3URȴWEHIRUHLQFRPHWD[ 18,349,999 16,605,925 10.5 19,121,365 17,510,228 9.2

Less: Income tax expense 17 6,207,182 4,501,805 37.9 6,515,496 4,827,728 35.0
3URȴWIRUWKH\HDU 12,142,817 12,104,120 0.3 12,605,869 12,682,500 (0.6)

Attributable to:
Equity holders of the Bank 12,142,817 12,104,120 0.3 12,605,869 12,682,500 (0.6)
Non controlling interest - - -
12,142,817 12,104,120 0.3 12,605,869 12,682,500 (0.6)

Earnings per share : Basic / Diluted (Rs) 18 45.13 56.06 (19.5) 46.85 58.74 (20.2)

Dividend per share 19

Dividend per share: Gross (Rs) 16.25** 17.20
Dividend per share: Net (Rs) 13.99** 14.80

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

** Calculated based on proposed dividend, which is to be approved at the Annual General Meeting.

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.

206 SAMPATH BANK PLC Annual Report 2018

STATEMENT OF
$! &$!+ !$
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COMPREHENSIVE INCOME
FINANCIAL INFORMATION
"&$!+ !$

Bank Group
For the year ended 31st December 2018* 2017 Change 2018* 2017 Change
Rs 000 Rs 000 % Rs 000 Rs 000 %

3URȴWIRUWKH\HDU 12,142,817 12,104,120 0.3 12,605,869 12,682,500 (0.6)

Other comprehensive income

ΖWHPVWKDWZLOOEHUHFODVVLȴHGWRSURȴWRUORVV
Financial assets - available for sale:
Gain arising on re-measurement - 1,017,636 (100.0) - 1,017,636 (100.0)
([FKDQJHGL΍HUHQFHLQWUDQVODWLRQ - 10,766 (100.0) - 10,766 (100.0)
- 1,028,402 (100.0) - 1,028,402 (100.0)

Debt instruments at fair value through other

comprehensive income:
Loss arising on re-measurement (109,826) - (100.0) (109,826) - (100.0)
5HFODVVLȴFDWLRQWRSURȴWRUORVV (6,773) - (100.0) (6,773) - (100.0)
'HIHUUHGWD[H΍HFWRQWKHDERYH 11,358 - 100.0 11,358 - 100.0
(105,241) - (100.0) (105,241) - (100.0)
Net other comprehensive income that will be
UHFODVVLȴHGWRSURȴWRUORVV (105,241) 1,028,402 (110.2) (105,241) 1,028,402 (110.2)

ΖWHPVWKDWZLOOQRWEHUHFODVVLȴHGWRSURȴWRUORVV
Equity instruments at fair value through other
comprehensive income:
Loss arising on re-measurement (733,606) - (100.0) (733,606) - (100.0)
([FKDQJHGL΍HUHQFHLQWUDQVODWLRQ 162,656 - 100.0 162,656 - 100.0
'HIHUUHGWD[H΍HFWRQWKHDERYH (462,765) - (100.0) (462,765) - (100.0)
(1,033,715) - (100.0) (1,033,715) - (100.0)

$FWXDULDOORVVRQGHȴQHGEHQHȴWSODQV (51,439) (634,766) 91.9 (48,506) (646,194) 92.5

'HIHUUHGWD[H΍HFWRQWKHDERYH 14,403 177,735 (91.9) 13,582 180,809 (92.5)
(37,036) (457,031) 91.9 (34,924) (465,385) 92.5

Surplus from revaluation of property, plant &

equipment - 822,641 (100.0) - 1,330,746 (100.0)
'HIHUUHGWD[H΍HFWRQUHYDOXDWLRQVXUSOXV - (818,222) 100.0 - (1,891,063) 100.0
- 4,419 (100.0) - (560,317) 100.0

Net other comprehensive income that will not be

UHFODVVLȴHGWRSURȴWRUORVV (1,070,751) (452,612) (136.6) (1,068,639) (1,025,702) (4.2)

Other comprehensive income net of tax (1,175,992) 575,790 (304.2) (1,173,880) 2,700 (43,577.0)
Total comprehensive income for the year net of
tax 10,966,825 12,679,910 (13.5) 11,431,989 12,685,200 (9.9)

Attributable to:
Equity holders of the Bank 10,966,825 12,679,910 (13.5) 11,431,989 12,685,200 (9.9)
Non-controlling interest - - -
10,966,825 12,679,910 (13.5) 11,431,989 12,685,200 (9.9)

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.

SAMPATH SIMPLIFIED 207

STATEMENT OF
FINANCIAL POSITION
Bank Group
As at 31st December Note 2018* 2017 Change 2018* 2017 Change
Rs 000 Rs 000 % Rs 000 Rs 000 %

ASSETS
Cash & cash equivalents 21 19,051,955 22,334,315 (14.7) 19,218,254 22,612,939 (15.0)
Balances with Central Bank of Sri Lanka 22 36,557,776 41,100,364 (11.1) 36,557,776 41,100,364 (11.1)
Placements with banks 23 8,746,926 3,159,326 176.9 8,746,926 3,225,025 171.2
Reverse repurchase agreements 500,124 1,200,762 (58.3) 2,258,852 2,392,852 (5.6)
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 1,171,037 496,918 135.7 1,171,037 496,918 135.7
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 25 27,720,246 20,502,507 35.2 27,720,246 20,502,507 35.2
Financial assets at amortised cost
Loans to & receivables from banks 26 1,644,405 2,084,507 (21.1) 1,644,405 2,084,507 (21.1)
Loans to & receivables from other
customers 27 648,369,233 560,798,940 15.6 675,894,019 586,370,704 15.3
Debt & other instruments 28 121,105,392 49,352,443 145.4 121,109,711 49,352,443 145.4
Financial assets - fair value through other
comprehensive income 29 27,517,305 - 100.0 27,517,361 - 100.0
Financial assets - available for sale 29 - 77,095,719 (100.0) - 77,095,775 (100.0)
Financial assets - held to maturity 30 - - - - 12,428 (100.0)
Investment in subsidiaries 31 2,320,429 1,356,075 71.1 - - -
Property, plant & equipment 32 7,917,993 7,269,942 8.9 13,601,798 12,631,442 7.7
Intangible assets 33 1,137,422 946,845 20.1 1,225,519 996,703 23.0
Current tax receivables 39 - - - 23,360 6,425 263.6
Deferred tax assets 34 989,343 - 100.0 989,416 401 246,637.2
Other assets 35 9,475,345 7,403,463 28.0 10,106,537 7,835,236 29.0
Total Assets 914,224,931 795,102,126 15.0 947,785,217 826,716,669 14.6

LIABILITIES
Due to banks 36 8,901,463 4,743,748 87.6 8,964,857 4,820,287 86.0
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 2,952,319 103,947 2,740.2 2,952,319 103,947 2,740.2
Securities sold under repurchase agreements 13,732,205 4,386,335 213.1 13,709,472 4,231,946 224.0
Due to other customers 37 690,378,552 625,814,313 10.3 699,661,040 634,641,381 10.2
Debt issued & other borrowed funds 38 89,948,406 76,098,240 18.2 106,373,545 91,257,152 16.6
Dividend payable 97,462 99,259 (1.8) 97,462 99,259 (1.8)
Current tax liabilities 39 9,540,868 5,527,323 72.6 9,682,482 5,630,670 72.0
Deferred tax liabilities 34 - 1,353,339 (100.0) 1,536,772 2,776,681 (44.7)
Other liabilities 40 12,398,522 11,742,147 5.6 12,812,534 12,612,529 1.6
Other provisions 41 1,885,824 1,583,558 19.1 1,944,080 1,634,367 19.0
Total Liabilities 829,835,621 731,452,209 13.5 857,734,563 757,808,219 13.2

208 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

Bank Group
As at 31st December Note 2018* 2017 Change 2018* 2017 Change
Rs 000 Rs 000 % Rs 000 Rs 000 %

EQUITY
Stated capital 42 32,795,952 16,307,722 101.1 32,795,952 16,307,722 101.1
Reserves
Statutory reserve 43 3,470,000 2,860,000 21.3 3,609,000 2,973,000 21.4
Other reserves 44 42,479,716 38,409,796 10.6 45,163,821 41,093,901 9.9
Retained earnings 45 5,643,642 6,072,399 (7.1) 8,481,881 8,533,827 (0.6)
Total equity attributable to equity holders of
the Bank 84,389,310 63,649,917 32.6 90,050,654 68,908,450 30.7
Non-controlling interest - - -
Total Equity 84,389,310 63,649,917 32.6 90,050,654 68,908,450 30.7

Total Liabilities & Equity 914,224,931 795,102,126 15.0 947,785,217 826,716,669 14.6

Commitments & contingencies 46 394,293,261 383,506,087 2.8 390,900,220 384,063,090 1.8

Net asset value per share (Rs) 300.42 293.02 2.5 320.58 317.23 1.1

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.

I certify that these Financial Statements are presented in compliance with the requirements of the Companies Act No. 07 of 2007.

AJANTHA DE VAS GUNASEKARA

*URXS&KLHI)LQDQFLDO2ɝFHU       

The Board of Directors is responsible for these Financial Statements.

Approved and signed for and on behalf of the Board,

PROF MALIK RANASINGHE NANDA FERNANDO SANJIVA SENANAYAKE LASANTHA SENARATNE

Deputy Chairman Managing Director ";mboum7;r;m7;m| bu;1|ou Company Secretary

14th February, 2019

Colombo, Sri Lanka

SAMPATH SIMPLIFIED 209

STATEMENT OF
CASH FLOWS
Bank Group
For the year ended 31st December Note 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

&DVKȵRZVIURPRSHUDWLQJDFWLYLWLHV
Interest receipts 94,333,041 77,912,746 100,134,619 82,159,492
Net commission receipts 9,960,781 8,399,739 10,269,581 8,665,731
Interest payments (58,238,335) (45,140,391) (61,411,866) (47,368,065)
Receipts from other operating activities 7,785,830 2,751,304 8,249,233 3,134,241
Cash payments to employees (8,361,984) (7,225,299) (9,182,598) (7,878,011)
Cash payments to other operating activities (9,146,817) (8,059,690) (9,675,962) (7,803,256)
7D[HVRQȴQDQFLDOVHUYLFHV (4,208,283) (4,012,679) (4,471,580) (4,243,167)
2SHUDWLQJSURȴWEHIRUHFKDQJHVLQRSHUDWLQJDVVHWV OLDELOLWLHV1RWHD 32,124,233 24,625,730 33,911,427 26,666,965

(Increase)/decrease in operating assets

Balance with Central Bank of Sri Lanka 4,542,588 (7,375,508) 4,542,588 (7,375,508)
Loans to & receivables from banks 426,436 556,851 426,436 556,851
Loans to & receivables from other customers (91,409,142) (105,885,580) (94,205,196) (115,099,374)
Other assets (1,408,371) (558,772) (1,612,193) (555,561)
(87,848,489) (113,263,009) (90,848,365) (122,473,592)

Increase/(decrease) in operating liabilities

Due to banks 3,189,074 (2,036,206) 3,189,074 (2,036,206)
Re-purchase agreements 9,347,548 (5,731,639) 9,479,204 (5,821,920)
Due to other customers 63,790,564 110,113,834 64,193,794 115,854,015
Other liabilities (1,791,473) 1,642,950 (1,825,522) 1,600,415
74,535,713 103,988,939 75,036,550 109,596,304

Net cash generated from operating activities before income tax 18,811,457 15,351,660 18,099,612 13,789,677
Income tax paid 39.1 (4,146,502) (3,450,721) (4,296,298) (3,590,160)
Net cash generated from operating activities 14,664,955 11,900,939 13,803,314 10,199,517

&DVKȵRZVIURPLQYHVWLQJDFWLYLWLHV
1HWFDVKȵRZIURPSODFHPHQWVZLWKEDQNV0DWXULW\PRUHWKDQWKUHHPRQWKV - 976,185 - 976,185
1HWFDVKȵRZIURPUHYHUVHUHSXUFKDVHDJUHHPHQWV 700,000 32,637,001 133,362 32,214,250
1HWFDVKȵRZIURPȴQDQFLDODVVHWV)93/ (7,316,413) 17,974,208 (7,316,413) 17,974,208
1HWFDVKȵRZIURPȴQDQFLDODVVHWVKHOGWRPDWXULW\ - - - 4,480
1HWFDVKȵRZIURPGHEW RWKHULQVWUXPHQWV (71,941,671) (10,572,524) (71,933,587) (10,572,524)
1HWFDVKȵRZIURPȴQDQFLDODVVHWV)92&Ζ$)6 48,939,843 (61,171,398) 48,939,843 (61,171,398)
'LYLGHQGUHFHLYHGIURPȴQDQFLDODVVHWV 80,407 77,294 80,647 77,474
Dividend received from subsidiaries 29,241 - - -
Investment in subsidiaries (900,000) (100,000) - -
Purchase of property, plant & equipment (1,322,678) (742,213) (2,119,108) (1,640,617)
Purchase of intangible assets (516,985) (782,912) (609,189) (789,884)
Proceeds from disposal of property plant & equipment 12,813 7,657 46,668 12,897
Net cash used in investing activities (32,235,443) (21,696,702) (32,777,777) (22,914,929)

&DVKȵRZVIURPȴQDQFLQJDFWLYLWLHV
Net increase in debentures 53 2,500,000 4,500,000 2,500,000 5,500,000
Increase/(decrease) in other borrowed funds 53 4,427,774 (318,808) 5,666,873 1,758,093
Rights issue 42 12,532,052 7,602,778 12,532,052 7,602,778
Dividend paid (642,249) (1,128,395) (642,249) (1,128,395)
1HWFDVKJHQHUDWHGIURPȴQDQFLQJDFWLYLWLHV 18,817,577 10,655,575 20,056,676 13,732,476

Net cash generated during the year 1,247,089 859,812 1,082,213 1,017,064
Cash & cash equivalents at the beginning of the year 25,377,229 24,517,417 25,645,013 24,627,949
Cash & cash equivalents at the end of the year (Note b) 26,624,318 25,377,229 26,727,226 25,645,013

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.

210 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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FINANCIAL INFORMATION
"&$!+ !$

$Ґaґ!$ !$! $ !"!$""$" $"

Bank Group
For the year ended 31st December Note 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

3URȴWEHIRUHLQFRPHWD[ 18,349,999 16,605,925 19,121,365 17,510,228

Net interest income accrued on impaired loans & receivables 8.1 (1,325,572) (467,827) (1,335,335) (469,245)
Net trading loss / (gain) 10
Forward exchange contract revaluation loss / (gain) 2,174,253 (346,710) 2,174,253 (346,710)
Net gain on derecognition (63,910) (24,118) (63,910) (24,118)
Dividend income (4,314) (5,943) (4,314) (5,943)
Net mark to market loss-government & equity securities 162,585 36,809 162,585 36,809
1HWJDLQRQȴQDQFLDODVVHWV 11
'LYLGHQGLQFRPHIURPȴQDQFLDODVVHWV)92&Ζ$)6 (150,058) (145,012) (150,298) (145,192)
1HWJDLQRQGHUHFRJQLWLRQȴQDQFLDODVVHWV)92&Ζ (9,682) - (9,682) -
Net gain on derecognition-debt & other instruments (786) - (786) -
Other operating income 12
Dividend income from subsidiaries (91,990) (90,977) - -
3URȴWORVVRQGLVSRVDORISURSHUW\SODQW HTXLSPHQW (522) 9,829 (1,287) 8,128
Net impairment charge 13 11,222,809 2,375,793 12.138,710 2,633,673
Personnel expenses
Provision for gratuity & pension 14 480,246 337,199 497,781 350,383
Other non - cash personnel expenses 291,009 268,061 291,009 268,061
Other operating expenses 15
Depreciation of property, plant & equipment 777,000 719,548 1,106,881 1,014,533
Amortisation of intangible assets 322,898 173,415 343,492 182,317
Accrual for interest & commission income (2,233,608) (1,000,074) (2,320,663) (1,036,521)
Accrual for interest expense 1,642,156 6,120,926 1,548,521 6,244,065
Other accruals & non-cash income/expenses 581,720 58,886 413,105 446,497
2SHUDWLQJSURȴWEHIRUHFKDQJHVLQRSHUDWLQJDVVHWVOLDELOLWLHV 32,124,233 24,625,730 33,911,427 26,666,965

$Ґbґ!$ "ş" &($"

Bank Group
As at 31st December Note 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Local currency in hand 21 11,815,990 11,664,978 11,975,847 11,937,788

Foreign currency in hand 21 3,195,258 2,967,552 3,195,258 2,967,552
Balances with local banks 21 135,845 319,606 142,290 325,420
Balances with foreign banks 21 3,798,032 5,329,492 3,798,032 5,329,492
Money at call & short notice 21 125,030 2,052,687 125,030 2,052,687
Placements less than three months 23 8,749,121 3,159,326 8,749,121 3,225,025
Unfavourable balances with local & foreign banks 36 (1,194,958) (116,412) (1,258,352) (192,951)
Cash & cash equivalents at the end of the year 26,624,318 25,377,229 26,727,226 25,645,013

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.

SAMPATH SIMPLIFIED 211

 Bank Stated Statutory Other Reserves Retained Total Equity

212
Capital Reserve Revaluation Available for FVOCI General Earnings
Fund Reserve Sale Reserve Reserve Reserve
(Note 42) (Note 43) (Note 44.1) (Note 44.2) (Note 44.3) (Note 44.4) (Note 45)
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 6,471,200 2,250,000 2,404,631 1,271,319 n/a 27,694,235 4,397,449 44,488,834
Total comprehensive income for the year 2017
3URȴWIRUWKH\HDU - - - - n/a - 12,104,120 12,104,120

SAMPATH BANK PLC

Other comprehensive income - - 4,419 1,028,402 n/a - (457,031) 575,790
Total comprehensive income for the year 2017 - - 4,419 1,028,402 n/a - 11,647,089 12,679,910
Transactions with equity holders, recognised directly in equity,
contributions by and distributions to equity holders
Rights issue 7,602,778 - - - n/a - - 7,602,778
Interim dividend for 2016: scrip 2,233,744 - - - n/a - (2,477,734) (243,990)
Final dividend for 2016 : cash - - - - n/a - (884,405) (884,405)
Unclaimed dividend adjustments - - - - n/a 6,790 - 6,790
STATEMENT OF

Total contributions by and distributions to equity holders 9,836,522 - - - n/a 6,790 (3,362,139) 6,481,173

Annual Report 2018

Transfer to reserves during the year - 610,000 - - n/a 6,000,000 (6,610,000) -
Balance as at 31st December 2017 16,307,722 2,860,000 2,409,050 2,299,721 n/a 33,701,025 6,072,399 63,649,917

Balance as at 31st December 2017 16,307,722 2,860,000 2,409,050 2,299,721 n/a 33,701,025 6,072,399 63,649,917
Impact of adopting SLFRS 9 (Note 6) - - - (2,299,721) 2,299,721 - (2,126,111) (2,126,111)
CHANGES IN EQUITY

Restated balance under SLFRS 9 as at 1st January 2018 16,307,722 2,860,000 2,409,050 n/a 2,299,721 33,701,025 3,946,288 61,523,806
Total comprehensive income for the year 2018
3URȴWIRUWKH\HDU - - - n/a - - 12,142,817 12,142,817
Other comprehensive income - - - n/a (1,138,956) - (37,036) (1,175,992)
Total comprehensive income for the year 2018 - - - n/a (1,138,956) - 12,105,781 10,966,825
Transactions with equity holders, recognised directly in equity,
contributions by and distributions to equity holders
Rights issue 12,532,052 - - n/a - - - 12,532,052
Final dividend for 2017 : scrip 3,956,178 - - n/a - - (4,598,427) (642,249)
Unclaimed dividend adjustments - - - n/a - 8,876 - 8,876
Total contributions by and distributions to equity holders 16,488,230 - - n/a - 8,876 (4,598,427) 11,898,679
Transfer to reserves during the year - 610,000 - n/a - 5,200,000 (5,810,000) -
Balance as at 31st December 2018 32,795,952 3,470,000 2,409,050 n/a 1,160,765 38,909,901 5,643,642 84,389,310

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements
 Group Stated Statutory Other Reserves Retained Shareholders' Non Total Equity
Capital Reserve Revaluation Available for FVOCI General Earnings Fund Controlling
Fund Reserve Sale Reserve Reserve Reserve Interest
(Note 42) (Note 43) (Note 44.1) (Note 44.2) (Note 44.3) (Note 44.4) (Note 45)
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 6,471,200 2,336,422 5,653,471 1,271,319 n/a 27,694,236 6,315,429 49,742,077 - 49,742,077
Total comprehensive income for the year 2017
3URȴWIRUWKH\HDU - - - - n/a - 12,682,500 12,682,500 - 12,682,500
Other comprehensive income - - (560,317) 1,028,402 n/a - (465,385) 2,700 - 2,700
Total comprehensive income for the year 2017 - - (560,317) 1,028,402 n/a - 12,217,115 12,685,200 - 12,685,200
Transactions with equity holders, recognised directly in
equity, contributions by and distributions to equity
holders
Rights issue 7,602,778 - - - n/a - - 7,602,778 - 7,602,778
Interim dividend for 2016 : scrip 2,233,744 - - - n/a - (2,477,734) (243,990) - (243,990)
Final dividend for 2016 : cash - - - - n/a - (884,405) (884,405) - (884,405)
Unclaimed dividend adjustments - - - - n/a 6,790 - 6,790 - 6,790
Total contributions by and distributions to equity holders 9,836,522 - - - n/a 6,790 (3,362,139) 6,481,173 - 6,481,173
Transfer to reserves during the year - 636,578 - - n/a 6,000,000 (6,636,578) - - -
Balance as at 31st December 2017 16,307,722 2,973,000 5,093,154 2,299,721 n/a 33,701,026 8,533,827 68,908,450 - 68,908,450

Balance as at 31st December 2017 16,307,722 2,973,000 5,093,154 2,299,721 n/a 33,701,026 8,533,827 68,908,450 - 68,908,450
Impact of adopting SLFRS 9 (Note 6) - - - (2,299,721) 2,299,721 - (2,188,464) (2,188,464) - (2,188,464)
Restated balance under SLFRS 9 as at 1st January 2018 16,307,722 2,973,000 5,093,154 n/a 2,299,721 33,701,026 6,345,363 66,719,986 - 66,719,986
Total comprehensive income for the year 2018
3URȴWIRUWKH\HDU - - - n/a - - 12,605,869 12,605,869 - 12,605,869
Other comprehensive income - - - n/a (1,138,956) - (34,924) (1,173,880) - (1,173,880)
Total comprehensive income for the year 2018 - - - n/a (1,138,956) - 12,570,945 11,431,989 - 11,431,989
Transactions with equity holders, recognised directly in
equity, contributions by and distributions to equity
holders
Rights issue 12,532,052 - - n/a - - - 12,532,052 - 12,532,052
Final dividend for 2017 : scrip 3,956,178 - - n/a - - (4,598,427) (642,249) - (642,249)
Unclaimed dividend adjustments - - - n/a - 8,876 - 8,876 - 8,876
Total contributions by and distributions to equity holders 16,488,230 - - n/a - 8,876 (4,598,427) 11,898,679 - 11,898,679
Transfer to reserves during the year - 636,000 - n/a - 5,200,000 (5,836,000) - - -
Balance as at 31st December 2018 32,795,952 3,609,000 5,093,154 n/a 1,160,765 38,909,902 8,481,881 90,050,654 - 90,050,654

The Notes to the Financial Statements from pages 214 to 356 form an integral part of these Financial Statements.
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FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
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213
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NOTES TO THE FINANCIAL
STATEMENTS
1. REPORTING ENTITY Ɛĺƒ ubm1br-Ѵ1ঞˆbঞ;v-m7-|†u;o= the Banking Act No. 30 of 1988 and
ƐĺƐ ;m;u-Ѵ r;u-ঞomv amendments thereto.

Sampath Bank PLC (‘The Bank’), is ƐĺƒĺƐ -mh

ƑĺƑ !;vromvb0bѴb|‹=ou bm-m1b-Ѵ
a domiciled, public limited liability The Bank provides a comprehensive "|-|;l;m|v
company incorporated in Sri Lanka UDQJHRIȴQDQFLDOVHUYLFHV
The Board of Directors is
on 10th March 1986 under the encompassing accepting deposits,
responsible for the preparation and
Companies Act No. 17 of 1982. corporate and retail banking,
presentation of Financial Statements
It is a Licensed Commercial Bank SURMHFWȴQDQFLQJWUDGHȴQDQFH
of the Group and the Bank as per Sri
registered under the Banking Act treasury and investment services,
Lanka Accounting Standards and the
No. 30 of 1988 (Banking Act) and issuing of credit cards and debit
provisions of the Companies Act No.
amendments thereto. The Bank FDUGVR΍VKRUHEDQNLQJUHVLGHQW
7 of 2007.
was re-registered with the Registrar and non-resident foreign currency
General of Companies as per the operations, electronic banking Ƒĺƒ rruoˆ-Ѵo= bm-m1b-Ѵ"|-|;l;m|v0‹
requirements of the Companies Act services such as: telephone banking, bu;1|ouv
No.7 of 2007 (Companies Act) on internet banking, mobile banking
The Financial Statements of the
28th April 2008 under the name of and money remittance facilities,
Group as at and for the year
Sampath Bank PLC. The registered pawning, leasing, factoring, hire
ended 31st December 2018 were
RɝFHRIWKH%DQNLVORFDWHGDW1R purchase, travel related services and
authorised for issue by the Board
110, Sir James Peiris Mawatha, dealing in government securities etc.
of Directors in accordance with the
Colombo 02.
resolution of the Directors on 14th
ƐĺƒĺƑ "†0vb7b-ub;v
February 2019.
The shares of the Bank have a Ownership of subsidiaries as of 31st
primary listing on the Colombo Stock December 2018 and 31st December ƑĺƓ -vbvo=;-v†u;l;m|
([FKDQJH7KHVWD΍VWUHQJWKRIWKH 2017 is given in Note 31.1 to the The Financial Statements of the
Bank as at 31st December 2018 was Financial Statements. There were no Group have been prepared on the
4,189 (2017: 4,011). VLJQLȴFDQWFKDQJHVLQWKHQDWXUHRI historical cost basis, except for
the principal activities of the Group the following material items in the
ƐĺƑ omvoѴb7-|;7 bm-m1b-Ѵ"|-|;l;m|v GXULQJWKHȴQDQFLDO\HDUXQGHU Statement of Financial Position:
The Consolidated Financial review.
Statements of the Bank as at and y 'HULYDWLYHȴQDQFLDOLQVWUXPHQWV
for the year ended 31st December 2. BASIS OF PREPARATION are measured at fair value
2018 comprise the Bank (Parent (Note 24)
ƑĺƐ "|-|;l;m|o=olrѴb-m1;
Company) and its Subsidiaries
The Consolidated Financial y Financial assets held at fair value
(together referred to as the “Group”
Statements of the Group and the through other comprehensive
and individually as “Group entities”).
Separate Financial Statements LQFRPH)92&Ζ$YDLODEOH
The Subsidiaries of the Bank as at
of the Bank, which comprise the IRUVDOHȴQDQFLDODVVHWVDUH
31st December 2018 were Sampath
Statement of Financial Position, measured at fair value (Note 29)
Centre Ltd, SC Securities (Pvt) Ltd,
6WDWHPHQWRI3URȴWRU/RVV
Siyapatha Finance PLC and Sampath y Financial assets recognised
Statement of Comprehensive
Information Technology Solutions WKURXJKSURȴWRUORVV)93/DUH
Income, Statement of Changes in
Ltd. measured at fair value (Note 25)
Equity, Statement of Cash Flows and
Notes to the Financial Statements y Land and buildings which are
Sampath Bank PLC is the ultimate
have been prepared and presented measured at cost at the time
parent of the Group.
in accordance with Sri Lanka of acquisition subsequently
Accounting Standards (SLFRSs and measured at revalued amounts,
The Financial Statements of all
LKASs) laid down by the Institute which are the fair values at the
companies in the Group have a
of Chartered Accountants of Sri date of revaluation (Note 32)
FRPPRQȴQDQFLDO\HDUZKLFKHQGV
on 31st December. Lanka and in compliance with the
y /LDELOLWLHVIRUGHȴQHGEHQHȴW
requirements of the Companies Act
obligations are recognised at
No. 7 of 2007. The presentation of
WKHSUHVHQWYDOXHRIWKHGHȴQHG
the Financial Statements is also in
EHQHȴWREOLJDWLRQOHVVWKHIDLU
compliance with the requirements of
value of the plan assets
(Note 41)

214 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
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ƑĺƔ †m1ঞom-Ѵ-m7u;v;m|-ঞom settle the liability simultaneously. DQGDVVXPSWLRQVWKDWD΍HFWWKH

†uu;m1‹ ΖQFRPHDQGH[SHQVHVDUHQRWR΍VHW application of accounting policies
The Financial Statements of LQWKH6WDWHPHQWRI3URȴWRU/RVV and the reported amounts of assets,
the Group are presented in Sri unless required or permitted by an liabilities, income and expenses.
Lankan Rupees (Rs), which is the Accounting Standard. $FWXDOUHVXOWVPD\GL΍HUIURPWKHVH
currency of the primary economic estimates.
environment in which Sampath ƑĺѶ olr-u-ঞˆ;m=oul-ঞom
The comparative information is Estimates and underlying
Bank PLC operates. Financial
UHFODVVLȴHGZKHUHYHUQHFHVVDU\ assumptions are reviewed on
information presented in Sri Lankan
to conform to the current year’s an ongoing basis. Revisions to
Rupees has been rounded to the
presentation. However, the Group accounting estimates are recognised
nearest thousand unless indicated
has not restated comparative in the period in which the estimate
otherwise. There was no change
LQIRUPDWLRQIRUIRUȴQDQFLDO is revised and in any future periods
in the Group’s presentation and
instruments within the scope D΍HFWHG
functional currency during the year
under review. of SLFRS 9. Therefore, the
 7KHPRVWVLJQLȴFDQWDUHDVRI
comparative information for 2017
estimation, uncertainty and critical
Ƒĺѵ u;v;m|-ঞomo= bm-m1b-Ѵ"|-|;l;m|v is reported under LKAS 39 and is
judgments in applying accounting
The assets and liabilities of the not comparable to the information
SROLFLHVWKDWKDYHPRVWVLJQLȴFDQW
Group presented in the Statement SUHVHQWHGIRU'L΍HUHQFHV
H΍HFWRQWKHDPRXQWVUHFRJQLVHG
of Financial Position are grouped by arising from the adoption of SLFRS 9
in the Financial Statements of the
nature and listed in an order that have been disclosed in Note 6.
Group are as follows:
UHȵHFWVWKHLUUHODWLYHOLTXLGLW\DQG
maturity pattern. No adjustments ƑĺƖ "|-|;l;m|o=-v_ Ѵo‰
ƑĺƐƏĺƐ obm]om1;um
KDYHEHHQPDGHIRULQȵDWLRQDU\  7KHFDVKȵRZVWDWHPHQWKDVEHHQ
The Directors have made an
IDFWRUVD΍HFWLQJWKH)LQDQFLDO prepared by using the direct method
assessment of the Group’s ability
Statements. in accordance with the Sri Lanka
to continue as a going concern
Accounting Standard - LKAS 7
DQGDUHVDWLVȴHGWKDWLWKDVWKH
An analysis on recovery or (Statement of Cash Flows), whereby
resources to continue in business
settlement within 12 months after gross cash receipts and gross cash
for the foreseeable future.
the reporting date (current) and payments of operating activities,
Furthermore, Board is not aware
more than 12 months after the ȴQDQFHDFWLYLWLHVDQGLQYHVWLQJ
of any material uncertainties that
reporting date (non-current) is activities have been recognised.
PD\FDVWVLJQLȴFDQWGRXEWXSRQ
presented in the Note 52. Cash and cash equivalents comprise
the Group’s ability to continue as
short term, highly liquid investments
a going concern and they do not
Ƒĺƕ -|;ub-Ѵb|‹-m7]]u;]-ঞom that are readily convertible to known
intend either to liquidate or to cease
In compliance with Sri Lanka amounts of cash and are subject to
operations of the Group. Therefore,
Accounting Standard - LKAS 1 DQLQVLJQLȴFDQWULVNRIFKDQJHVLQ
the Financial Statements continue to
(Presentation of Financial value.
be prepared on the going concern
Statements), each material class of
Cash and cash equivalents include basis.
similar items is presented separately
in the Financial Statements. Items cash in hand, balances with banks,
placements with banks (less than ƑĺƐƏĺƑ lr-bul;m|ovv;vomo-mv-m7
of dissimilar nature or functions too
3 months), money at call and short 7ˆ-m1;v
are presented separately unless
they are immaterial. Financial notice, net of unfavourable local & The measurement of impairment
DVVHWVDQGȴQDQFLDOOLDELOLWLHVDUH foreign bank balances. losses both under SLFRS 9 and LKAS
R΍VHWDQGWKHQHWDPRXQWUHSRUWHG DFURVVDOOFDWHJRULHVRIȴQDQFLDO
in the Statement of Financial ƑĺƐƏ "b]mbC1-m|11o†mঞm]†7]l;m|vķ assets requires judgement. These
Position only when there is a legally vঞl-|;v-m7vv†lrঞomv estimates are driven by a number of
HQIRUFHDEOHULJKWWRR΍VHWWKH The preparation of Financial factors, changes in which can result
recognised amounts and there Statements of the Group in LQGL΍HUHQWOHYHOVRIDOORZDQFHV
is an intention to settle on a net conformity with Sri Lanka Accounting
The Group reviews its individually
basis, or to realise the assets and Standards requires the management
VLJQLȴFDQWORDQVDQGDGYDQFHV
to make judgments, estimates

SAMPATH SIMPLIFIED 215

NOTES TO THE
FINANCIAL STATEMENTS

at each reporting date to assess are discussed in detail under Note ƑĺƐƏĺѵ $-Š-ঞom
whether an impairment loss should 4.4.6 to the Financial Statements. The Group is subject to income
be recorded in the Statement tax and judgment is required to
RI3URȴWRU/RVVΖQSDUWLFXODU ƑĺƐƏĺƒ lr-bul;m|o=|_;u bm-m1b-Ѵ determine the total provision for
management’s judgment is required vv;|v current, deferred and other taxes
in the estimation of the amount The Group reviews its debt securities due to the uncertainties that exist
DQGWLPLQJRIIXWXUHFDVKȵRZV FODVVLȴHGDV)92&ΖDPRUWLVHGFRVW with respect to the interpretation of
when determining the impairment at each reporting date to assess the applicable tax laws, at the time
loss. Loans and advances that whether they are impaired. Objective of preparation of these Financial
have been assessed individually evidence that a debt security held at Statements.
and found to be not impaired and )92&ΖDPRUWLVHGFRVWLVLPSDLUHG
DOOLQGLYLGXDOO\LQVLJQLȴFDQWORDQV includes among other things The details of deferred tax
and advances are then assessed VLJQLȴFDQWȴQDQFLDOGLɝFXOW\RIWKH computation is given in Note 34 to
collectively, by categorising them issuer, a breach of contract such as the Financial Statements.
into groups of assets with similar a default or delinquency in interest
risk characteristics, to determine the or principal payments etc. ƑĺƐƏĺƕ ;Cm;7;m;C|Ѵ-mv
expected credit loss on such loans
 7KHFRVWRIWKHGHȴQHGEHQHȴW
and advances. From 1st January 2018, with plans and the present value of
the adoption of SLFRS 9 equity their obligations are determined
The collective assessment under LQVWUXPHQWVFODVVLȴHGDV)92&Ζ using actuarial valuations. The
LKAS 39 takes account of data from are not subjective for impairment actuarial valuation involves making
the loan portfolio such as credit assessment. assumptions about discount rates,
quality, portfolio size, concentration
future salary increases, mortality
etc. as well as judgments based ƑĺƐƏĺƓ -bu(-Ѵ†;o= bm-m1b-Ѵmv|u†l;m|v rates and possible future pension
on current and future economic
The determination of fair values increases if any. Due to the long
conditions. In addition to the above,
RIȴQDQFLDODVVHWVDQGȴQDQFLDO term nature of these plans, such
from 1st January 2018, the expected
liabilities recorded on the Statement HVWLPDWHVDUHVXEMHFWWRVLJQLȴFDQW
credit loss calculation under SLFRS
of Financial Position for which uncertainty. All assumptions are
9 requires management to make
there is no observable market price reviewed at each reporting date.
additional judgements and estimates
are determined using a variety of
with regard to the following.
valuation techniques that include In determining the appropriate
the use of mathematical models. The discount rate, management
y The Group’s criteria for
YDOXDWLRQRIȴQDQFLDOLQVWUXPHQWV considers the interest rates of Sri
assessing if there has been a
is described in more detail in Note Lanka government bonds with
VLJQLȴFDQWLQFUHDVHLQFUHGLWULVN
4.4.10. maturities corresponding to the
DQGVRLPSDLUPHQWIRUȴQDQFLDO
H[SHFWHGGXUDWLRQRIWKHGHȴQHG
assets should be measured on a
The Group measures fair value using EHQHȴWREOLJDWLRQ7KHPRUWDOLW\
LTECL basis
WKHIDLUYDOXHKLHUDUFK\WKDWUHȵHFWV rate is based on publicly available
y Development of ECL models, WKHVLJQLȴFDQFHRILQSXWXVHGLQ mortality tables. Future salary
including various formulas and making measurements. The fair increases and pension increases are
the choice of inputs value hierarchy is given in Note 50.4 EDVHGRQH[SHFWHGIXWXUHLQȵDWLRQ
and 50.6. rate and expected future salary
y Selection of forward-looking
increase rates of the Group.
macroeconomic scenarios and
ƑĺƐƏĺƔ bm-m1b-Ѵvv;|v-m7b-0bѴbঞ;v
their probability weightings, to
Ѵ-vvbC1-ঞom ƑĺƐƏĺѶ -bu(-Ѵ†;o=uor;u|‹ķѴ-m|-m7
derive the economic inputs into
The Group’s accounting policies t†brl;m|
the ECL model
provide scope for assets and The freehold land and buildings
It has been the Group’s policy to OLDELOLWLHVWREHFODVVLȴHGDWLQFHSWLRQ RIWKH*URXSDUHUHȵHFWHGDWIDLU
regularly review its models in the LQWRGL΍HUHQWDFFRXQWLQJFDWHJRULHV value at the date of revaluation
context of actual loss experience 7KHFODVVLȴFDWLRQRIȴQDQFLDO less any accumulated depreciation
and adjust when necessary. The instruments is given in Note 20, and impairment losses. The Group
above assumptions and judgments ‘Analysis of Financial Instruments by engages independent valuation
Measurement Basis’.

216 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
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specialists to determine fair value for as investment properties. On ƒĺƐĺƐ _-m];v|oѴ-vvbC1-ঞom-m7

of freehold lands and buildings in the other hand, a property that ;-v†u;l;m|
terms of the Sri Lanka Accounting is used for operations or in the  7RGHWHUPLQHWKHLUFODVVLȴFDWLRQDQG
6WDQGDUGȂ6/)56)DLU9DOXH process of providing services or measurement category, SLFRS 9
Measurement). The details of for administrative purposes and UHTXLUHVDOOȴQDQFLDODVVHWVH[FHSW
freehold land and buildings, which do not directly generate cash equity instruments and derivatives,
including methods of valuation are ȵRZVDVDVWDQGDORQHDVVHWDUH to be assessed based on a
given in Note 32.3 and 32.4 to the accounted for as property, plant and combination of the entity’s business
Financial Statements. equipment. The Group assesses model for managing the assets and
on an annual basis, the accounting the instruments’ contractual cash
ƑĺƐƏĺƖ &v;=†Ѵb=;Ŋঞl;o=|_;uor;u|‹ķ FODVVLȴFDWLRQRILWVSURSHUWLHVWDNLQJ ȵRZFKDUDFWHULVWLFV
Ѵ-m|-m7t†brl;m| into consideration the current use
The Group reviews the residual of such properties. Currently the The LKAS 39 measurement
values, useful lives and methods of Group does not have any investment FDWHJRULHVRIȴQDQFLDODVVHWV>IDLU
depreciation of property, plant and property. YDOXHWKURXJKSURȴWRUORVV)93/
equipment at each reporting date. available for sale (AFS), held-to-
Judgment of the management is 3. NEW / AMENDMENTS TO maturity and loans and receivables
exercised in the estimation of these ACCOUNTING STANDARDS (L&R) ] have been replaced by:
values, rates, methods and hence EFFECTIVE FROM 1ST JANUARY
they are subject to uncertainty. 2018 y Debt and other instruments at
The Group applied SLFRS 9, SLFRS amortised cost
ƑĺƐƏĺƐƏollb|l;m|v-m7omঞm];m1b;v 5DQG6/)56ZKLFKDUHH΍HFWLYH
for annual periods beginning y Debt instruments at fair value
All discernible risks are accounted
on or after 1st January 2018, for through other comprehensive
for in determining the amount of
WKHȴUVWWLPH7KH*URXSKDVQRW LQFRPH)92&ΖZLWKJDLQVRU
all known liabilities. Contingent
adopted early any other standard, ORVVHVUHF\FOHGWRSURȴWRUORVV
liabilities are possible obligations
interpretation or amendment that on derecognition
ZKRVHH[LVWHQFHZLOOEHFRQȴUPHG
only by uncertain future events has been issued but is not yet y (TXLW\LQVWUXPHQWVDW)92&Ζ
or present obligations where the H΍HFWLYH with no recycling of gains or
WUDQVIHURIHFRQRPLFEHQHȴWLV ORVVHVWRSURȴWRUORVVRQ
not probable or cannot be reliably ƒĺƐ " !"ƖĹ bm-m1b-Ѵmv|u†l;m|v derecognition
measured. Contingent liabilities are SLFRS 9 replaces LKAS 39 for annual
y )LQDQFLDODVVHWVDW)93/
not recognised in the Statement of periods on or after 1st January 2018.
Financial Position but are disclosed SLFRS 9 requires an entity to restate
 7KHDFFRXQWLQJIRUȴQDQFLDOOLDELOLWLHV
unless they are remote. Details of prior periods if and only if the
remains largely the same as it was
commitments and contingencies are restatement is possible without the
under LKAS 39, except for the
given in Note 46. use of hindsight. The Group has not
treatment of gains or losses arising
restated comparative information for
from an entity’s own credit risk
ƑĺƐƏĺƐƐѴ-vvbC1-ঞomo=mˆ;v|l;m| IRUȴQDQFLDOLQVWUXPHQWVZLWKLQ
relating to liabilities designated
uor;uঞ;v the scope of SLFRS 9. Therefore, the
DW)93/6XFKPRYHPHQWV
Management requires using its comparative information for 2017
are presented in OCI with no
judgment to determine whether a is reported under LKAS 39 and is
VXEVHTXHQWUHFODVVLȴFDWLRQWRWKH
SURSHUW\TXDOLȴHVDVDQLQYHVWPHQW not comparable to the information
VWDWHPHQWRISURȴWRUORVV
property. The Group has developed SUHVHQWHGIRU'L΍HUHQFHV
criteria so it can exercise its arising from the adoption of
Under SLFRS 9, embedded
judgment consistently. A property SLFRS 9 have been recognised
derivatives are no longer separated
that is held to earn rentals or for directly in retained earnings as of
IURPDKRVWȴQDQFLDODVVHWΖQVWHDG
capital appreciation or both and 1st January 2018 and are disclosed
ȴQDQFLDODVVHWVDUHFODVVLȴHGEDVHG
ZKLFKJHQHUDWHVFDVKȵRZVODUJHO\ in Note 6.
on the business model and their
independently of the other assets contractual terms, as explained
held by the Group are accounted in Note 4.4.3. The accounting for

SAMPATH SIMPLIFIED 217

NOTES TO THE
FINANCIAL STATEMENTS

GHULYDWLYHVHPEHGGHGLQȴQDQFLDO was updated and the Group has 4. GENERAL ACCOUNTING POLICIES
OLDELOLWLHVDQGLQQRQȴQDQFLDOKRVW adopted it, together with SLFRS 9, ƓĺƐ -vbvo=omvoѴb7-ঞom
contracts has not been changed. for the year beginning 1st January
The Group’s Financial Statements
The Group’s accounting policies for 2018. Changes including transition
comprise consolidation of the
embedded derivatives are set out in disclosures, detailed qualitative
Financial Statements of the Bank
Note 4.4.3.2 (a). and quantitative information about
and its subsidiaries in terms
the ECL calculations such as the
of the Sri Lanka Accounting
 7KH*URXSȇVFODVVLȴFDWLRQRILWV assumptions and inputs used are
Standard - SLFRS 10 (Consolidated
ȴQDQFLDODVVHWVDQGOLDELOLWLHVLV set out in Notes 6, 4.4.6 and 51.2
Financial Statements). The Bank’s
explained in Note 4.4.3. The Group respectively.
Financial Statements comprise
did not have any quantitative impact
the amalgamation of the Financial
IURPWKHDGRSWLRQRIFODVVLȴFDWLRQ ƒĺƒ " !"ƐƔŊ!;ˆ;m†;=uolom|u-1|v
Statements of the Domestic Banking
principles of SLFRS 9 as at ‰b|_†v|ol;uv
8QLWDQGWKH2΍6KRUH%DQNLQJ8QLW
1st January 2018.  6/)56EHFDPHH΍HFWLYHIRU
ȴQDQFLDOSHULRGVEHJLQQLQJRQRU ƓĺƑ †vbm;vvol0bm-ঞomv-m7oo7‰bѴѴ
ƒĺƐĺƑ _-m];v|o|_;lr-bul;m| after 1st January 2018. The core
-Ѵ1†Ѵ-ঞom Business combinations are
principle of SLFRS 15 is that an entity
accounted for using the acquisition
The adoption of SLFRS 9 has have to recognise revenue to depict
method as per the requirements
fundamentally changed the Group’s the transfer of promised goods or
of Sri Lanka Accounting Standard -
accounting for loan loss impairment services to customers.
SLFRS 3 (Business Combinations).
by replacing LKAS 39’s incurred loss This core principle is delivered in
approach with a forward-looking DȴYHVWHSPRGHOIUDPHZRUNDV
The Group measures goodwill as
expected credit loss (ECL) approach. disclosed below.
the fair value of the consideration
SLFRS 9 requires the Group to
transferred including the recognised
record an impairment for ECLs for y Identify the contract(s) with a
amount of any non-controlling
DOOORDQVDQGGHEW RWKHUȴQDQFLDO customer
interest in the acquiree, less the
LQVWUXPHQWVQRWKHOGDW)93/
y Identify the performance net recognised amount (generally
together with loan commitments
obligations in the contract IDLUYDOXHRIWKHLGHQWLȴDEOHDVVHWV
DQGȴQDQFLDOJXDUDQWHHFRQWUDFWV
acquired and liabilities assumed,
The impairment is based on the y Determine the transaction price
all measured as of the acquisition
ECLs associated with the probability
y Allocate the transaction price to date. The consideration transferred
of default in the next twelve
the performance obligations in does not include amounts related
months unless there has been a
the contract to the settlement of pre-existing
VLJQLȴFDQWLQFUHDVHLQFUHGLWULVN
relationships. Such amounts are
since origination in which case the y Recognise revenue when
JHQHUDOO\UHFRJQLVHGLQSURȴWRU
impairment will be based on the RUDVWKHHQWLW\VDWLVȴHVD
loss. When the excess is negative, a
ECLs associated with the probability performance obligation.
bargain purchase gain is recognised
of default over the entire lifetime of
LPPHGLDWHO\LQSURȴWRUORVVLI
the loan. Application of this guidance
controlling power is acquired.
will depend on the facts and
Details of the Group’s impairment circumstances present in a contract
The changes in parent’s ownership
method are disclosed in Note 4.4.6. with a customer and will require the
interest in a subsidiary that do
The quantitative impact of applying exercise of judgment.
not result in the parent losing
expected credit loss approach in
control of the subsidiary are equity
SLFRS 9 as at 1st January 2018 is The Group did not have any material
transactions. The Group elects
disclosed in Note 6. impact on its fee and commission
on a transaction-by-transaction
income with the adoption of SLFRS
basis whether to measure non-
ƒĺƑ " !"ƕ!Ĺ bm-m1b-Ѵmv|u†l;m|vŊ 15 for the year beginning 1st January
controlling interest at its fair value,
bv1Ѵov†u;v 2018.
or at its proportionate share of
 7RUHȵHFWWKHGL΍HUHQFHVEHWZHHQ the recognised amount of the
SLFRS 9 and LKAS 39, SLFRS 7 LGHQWLȴDEOHQHWDVVHWVDWWKH
Financial Instruments: Disclosures acquisition date.

218 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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Transaction costs, other than those IRUHLJQFXUUHQF\GL΍HUHQFHV ([FHSWLQWKHFDVHRIȴQDQFLDODVVHWV

associated with the issue of debt arising on equity instruments DQGȴQDQFLDOOLDELOLWLHVUHFRUGHGDW
or equity securities, that the Group FODVVLȴHGDVIDLUYDOXHWKURXJKRWKHU )93/WUDQVDFWLRQFRVWVDUHDGGHG
incurs in connection with a business FRPSUHKHQVLYHLQFRPHȴQDQFLDO to, or subtracted from, this amount.
combination are expensed as liabilities designated as a hedge Trade receivables are measured
incurred. of a net investment in a foreign at the transaction price. When the
RSHUDWLRQRUTXDOLI\LQJFDVKȵRZ IDLUYDOXHRIȴQDQFLDOLQVWUXPHQWV
Ɠĺƒ ou;b]m†uu;m1‹$u-mv-1ঞomv-m7 hedges are recognised in other DWLQLWLDOUHFRJQLWLRQGL΍HUVIURP
-Ѵ-m1;v comprehensive income. the transaction price, the Group
All foreign currency transactions DFFRXQWVIRUWKH'D\SURȴWRUORVV
are translated into the functional Forward exchange contracts are as described below.
currency, which is Sri Lankan valued at the forward market
Rupees, using the exchange rates rates ruling on the reporting date. ƑĸƑĸƏĸƎ ĺ -‹ƎĻuoC|ouovv
prevailing at the dates of the Resulting net unrealised gains or When the transaction price
WUDQVDFWLRQVZHUHD΍HFWHG losses are dealt within the Statement GL΍HUVIURPWKHIDLUYDOXHRI
RI3URȴWRU/RVVXQGHUȆ1HWWUDGLQJ other observable current market
Monetary assets and liabilities gain / loss’. transactions in the same instrument,
denominated in foreign currencies or based on a valuation technique
at the reporting date are translated ƓĺƓ bm-m1b-Ѵmv|u†l;m|vŊmbঞ-Ѵ whose variables include only data
to Sri Lankan Rupees using the !;1o]mbঞomķѴ-vvbC1-ঞom-m7 from observable markets, the
spot foreign exchange rate ruling at "†0v;t†;m|;-v†u;l;m| *URXSUHFRJQLVHVWKHGL΍HUHQFH
WKDWGDWHDQGDOOGL΍HUHQFHVDULVLQJ ƓĺƓĺƐ -|;o=!;1o]mbঞom between the transaction price and
on non-trading activities are taken Financial assets and liabilities, with IDLUYDOXHDȆ'D\ȇSURȴWRUORVVLQ
to ‘Other operating income’ in the the exception of loans and advances WKH6WDWHPHQWRI3URȴWRU/RVVRYHU
6WDWHPHQWRI3URȴWRU/RVV7KH to customers and balances due to WKHWHQRURIWKHȴQDQFLDOLQVWUXPHQW
foreign currency gain or loss on customers, are initially recognised XVLQJWKHH΍HFWLYHLQWHUHVWUDWH
PRQHWDU\LWHPVLVWKHGL΍HUHQFH on the trade date, i.e., the date method. In cases where fair value
between amortised cost in the that the Group becomes a party to is determined using data which
functional currency at the beginning the contractual provisions of the LVQRWREVHUYDEOHWKHGL΍HUHQFH
RIWKHSHULRGDGMXVWHGIRUH΍HFWLYH instrument. This includes regular between the transaction price and
interest and payments during the way trades: purchases or sales of model value is only recognised in the
period, and the amortised cost in ȴQDQFLDODVVHWVWKDWUHTXLUHGHOLYHU\ 6WDWHPHQWRI3URȴWRU/RVVZKHQWKH
foreign currency translated at the of assets within the time frame inputs become observable, or when
rates of exchange prevailing at the generally established by regulation the instrument is derecognised.
end of the reporting period. or convention in the market place.
Loans and advances to customers ƓĺƓĺƒ ;-v†u;l;m|-|;]oub;vo=
Non-monetary items in a foreign bm-m1b-Ѵvv;|v-m7b-0bѴbঞ;v
are recognised when funds are
currency that are measured in terms From 1st January 2018, the Group
transferred to the customers’
of historical cost are translated using FODVVLȴHVDOORILWVȴQDQFLDODVVHWV
accounts. The Group recognises
the exchange rates as at the dates based on the business model for
balances due to customers when
of the initial transactions. Non- managing the assets and the asset’s
funds are transferred to the Group.
monetary items in foreign currency contractual terms, measured at
measured at fair value are translated either:
ƓĺƓĺƑ mbঞ-Ѵ;-v†u;l;m|o= bm-m1b-Ѵ
using the exchange rates at the date
mv|u†l;m|v
when the fair value was determined. y Amortised cost, as explained in
 7KHFODVVLȴFDWLRQRIȴQDQFLDO
Note 4.4.3.1
 )RUHLJQH[FKDQJHGL΍HUHQFHVDULVLQJ instruments at initial recognition
on the settlement or reporting of depends on their contractual y )92&ΖDVH[SODLQHGLQ1RWH
PRQHWDU\LWHPVDWUDWHVGL΍HUHQW terms and the business model 4.4.3.4 and 4.4.3.5
from those which were initially for managing the instruments, as
y )93/
recorded are dealt with in the described in Notes 4.4.3.1(a) and
6WDWHPHQWRI3URȴWRU/RVV+RZHYHU 4.4.3.1(b). Financial instruments are
initially measured at their fair value.

SAMPATH SIMPLIFIED 219

NOTES TO THE
FINANCIAL STATEMENTS

 7KH*URXSFODVVLȴHVDQGPHDVXUHV banks, loans and advances the assets managed or on the

its derivative and trading portfolio to customers and debt & FRQWUDFWXDOFDVKȵRZVFROOHFWHG
DW)93/DVH[SODLQHGLQ1RWHV RWKHUȴQDQFLDOLQVWUXPHQWVDW
y The expected frequency, value
4.4.3.2 and 4.4.3.3. The Group may amortised cost if both of the
and timing of sales are also
GHVLJQDWHȴQDQFLDOLQVWUXPHQWV following conditions are met:
important aspects of the Group’s
DW)93/LIVRGRLQJHOLPLQDWHVRU
y 7KHȴQDQFLDODVVHWLVKHOG assessment
VLJQLȴFDQWO\UHGXFHVPHDVXUHPHQW
within a business model with
or recognition inconsistencies, as The business model assessment
the objective of collecting
explained in Note 4.4.3.7. is based on reasonably expected
FRQWUDFWXDOFDVKȵRZV
scenarios without taking 'worst
Before 1st January 2018, the Group y The contractual terms of the case' or 'stress case’ scenarios
FODVVLȴHGLWVȴQDQFLDODVVHWVDV ȴQDQFLDODVVHWJLYHULVHRQ LQWRDFFRXQWΖIFDVKȵRZV
loans and receivables (amortised VSHFLȴHGGDWHVWRFDVKȵRZV after initial recognition are
FRVW)93/DYDLODEOHIRUVDOHRU that are solely payments of UHDOLVHGLQDZD\WKDWLVGL΍HUHQW
held-to-maturity (amortised cost), principal and interest (SPPI) from the Group's original
as explained in Notes 4.4.3.9 on the principal amount expectations, the Group does
and 4.4.3.10. Financial liabilities, outstanding. QRWFKDQJHWKHFODVVLȴFDWLRQRI
other than loan commitments and WKHUHPDLQLQJȴQDQFLDODVVHWV
ȴQDQFLDOJXDUDQWHHVDUHPHDVXUHG The details of these conditions are held in that business model, but
DWDPRUWLVHGFRVWRUDW)93/ZKHQ outlined below. incorporates such information
they are held for trading and when assessing newly originated
derivative instruments or the fair ƑĸƑĸƐĸƎŎ-ŏ†vbm;vvlo7;Ѳ-vv;vvl;m| RUQHZO\SXUFKDVHGȴQDQFLDO
value designation is applied, as The Group determines its business assets going forward.
explained in Note 4.4.3.7. PRGHODWWKHOHYHOWKDWEHVWUHȵHFWV
KRZLWPDQDJHVJURXSVRIȴQDQFLDO ƑĸƑĸƐĸƎŎ0ŏ$_;"|;v|
ƑĸƑĸƐĸƎ †;=uol0-mhvĶѲo-mv-m7-7ˆ-m1;v assets to achieve its business  $VDVHFRQGVWHSRILWVFODVVLȴFDWLRQ
|o1†v|ol;uvĶo|_;uѲo-mv-m7 objective. process the Group assesses the
u;1;bˆ-0Ѳ;v FRQWUDFWXDOWHUPVRIȴQDQFLDO
Before 1st January 2018, Due The Group's business model is not instruments to identify whether they
from bank, loans and advances to assessed on an instrument-by- meet the SPPI test. ‘Principal’ for the
customers and other loans and instrument basis, but at a higher SXUSRVHRIWKLVWHVWLVGHȴQHGDVWKH
receivables included non–derivative level of aggregated portfolios and is IDLUYDOXHRIWKHȴQDQFLDODVVHWDW
ȴQDQFLDODVVHWVZLWKȴ[HGRU based on observable factors such initial recognition and may change
determinable payments that were as: RYHUWKHOLIHRIWKHȴQDQFLDODVVHWIRU
not quoted in an active market, example, if there are repayments
other than those: y How the performance of of principal or amortisation of the
the business model and the premium/discount).
y That the Group intended to sell ȴQDQFLDODVVHWVKHOGZLWKLQWKDW
immediately or in the near term business model are evaluated  7KHPRVWVLJQLȴFDQWHOHPHQWV
and reported to the entity's key of interest within a lending
y That the Group, upon initial
management personnel arrangement are typically the
UHFRJQLWLRQGHVLJQDWHGDV)93/
consideration for the time value of
or as available-for-sale y 7KHULVNVWKDWD΍HFWWKH
money and credit risk. To make the
performance of the business
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PRGHODQGWKHȴQDQFLDODVVHWV
recover substantially all of its judgement and considers relevant
held within that business model)
initial investment, other than factors such as the currency in which
and, in particular, the way those
because of credit deterioration, WKHȴQDQFLDODVVHWLVGHQRPLQDWHG
risks are managed
which were designated as and the period for which the interest
available-for-sale. y How managers of the business rate is set. In contrast, contractual
are compensated (for example, terms that introduce a more than
From 1st January 2018, the
whether the compensation de minimis exposure to risks or
Group only measures due from
is based on the fair value of

220 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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volatility in the contractual cash for any of its derivatives during the assets are no longer separated.
ȵRZVWKDWDUHXQUHODWHGWRDEDVLF years ended 31st December 2018 ΖQVWHDGWKH\DUHFODVVLȴHGEDVHG
lending arrangement, do not give and 2017. on the business model and SPPI
ULVHWRFRQWUDFWXDOFDVKȵRZVWKDW assessments as outlined in
are solely payments of principal and ƑĸƑĸƐĸƏŎ-ŏl0;77;77;ubˆ-ࢼˆ;v Note 4.4.3.1.
interest on the amount outstanding. An embedded derivative is a
ΖQVXFKFDVHVWKHȴQDQFLDODVVHWLV component of a hybrid instrument ƑĸƑĸƐĸƐ bm-m1b-Ѳ-vv;|vouCm-m1b-ѲѲb-0bѲbࢼ;v
UHTXLUHGWREHPHDVXUHGDW)93/ that also includes a non-derivative _;Ѳ7=ou|u-7bm]
KRVWFRQWUDFWZLWKWKHH΍HFWWKDW  7KH*URXSFODVVLȴHVȴQDQFLDO
ƑĸƑĸƐĸƏ ;ubˆ-ࢼˆ;vu;1ou7;7-|=-buˆ-Ѳ†; VRPHRIWKHFDVKȵRZVRIWKH DVVHWVRUȴQDQFLDOOLDELOLWLHVDVKHOG
|_uo†]_ruoC|ouѲovv combined instrument vary in a way for trading when they have been
 $GHULYDWLYHLVDȴQDQFLDOLQVWUXPHQW similar to a stand-alone derivative. purchased or issued primarily for
or other contract with all three of An embedded derivative causes VKRUWWHUPSURȴWPDNLQJWKURXJK
the following characteristics: VRPHRUDOORIWKHFDVKȵRZVWKDW trading activities or form part of a
otherwise would be required by the SRUWIROLRRIȴQDQFLDOLQVWUXPHQWV
y Its value changes in response to FRQWUDFWWREHPRGLȴHGDFFRUGLQJ that are managed together, for
WKHFKDQJHLQDVSHFLȴHGLQWHUHVW WRDVSHFLȴHGLQWHUHVWUDWHȴQDQFLDO which there is evidence of a recent
UDWHȴQDQFLDOLQVWUXPHQW instrument price, commodity price, SDWWHUQRIVKRUWWHUPSURȴWWDNLQJ
price, commodity price, foreign foreign exchange rate, index of Held-for-trading assets and liabilities
exchange rate, index of prices prices or rates, credit rating or credit are recorded and measured in the
or rates, credit rating or credit index, or other variable, provided VWDWHPHQWRIȴQDQFLDOSRVLWLRQDW
index or other variable, provided WKDWLQWKHFDVHRIDQRQȴQDQFLDO fair value. Changes in fair value are
that, in the case of a non- YDULDEOHLWLVQRWVSHFLȴFWRDSDUW\ recognised in net trading income.
ȴQDQFLDOYDULDEOHLWLVQRWVSHFLȴF to the contract. A derivative that is ΖQWHUHVWLQFRPHIURPȴQDQFLDODVVHWV
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independently of that instrument, income is recorded in net trading
y It requires no initial net
RUKDVDGL΍HUHQWFRXQWHUSDUW\ income when the right to payment
investment or an initial net
from that instrument, is not an has been established. Included in
investment that is smaller than
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would be required for other
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types of contracts expected
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to have a similar response to
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changes in market factors.
host contacts, were treated as in the near term. The Group does
y It is settled at a future date. separate derivatives and recorded QRWKDYHDQ\ȴQDQFLDOOLDELOLWLHV
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transactions with various their economic characteristics and
counterparties. These include risks were not closely related to ƑĸƑĸƐĸƑ ;0|bmv|u†l;m|v-| (ŎoѲb1‹
interest rate swaps, cross-currency those of the host contract, and the -rrѲb1-0Ѳ;=uolƎv|-m†-u‹ƏƍƎѴŏ
swaps, forward foreign exchange host contract was not itself held for The Group applies this new category
contracts etc. Derivatives are WUDGLQJRUGHVLJQDWHGDW)93/7KH under SLFRS 9 for debt instruments
recorded at fair value and carried embedded derivatives separated when both of the following
as assets when their fair value is from the host were carried at fair conditions are met:
positive and as liabilities when their value in the trading portfolio with
fair value is negative. The notional changes in fair value recognised in y The instrument is held within a
amount and fair value of such the income statement. business model, the objective
derivatives are disclosed separately
of which is achieved by both
in Note 24. Changes in the fair From 1st January 2018, with the FROOHFWLQJFRQWUDFWXDOFDVKȵRZV
value of derivatives are included in introduction of SLFRS 9, the Group DQGVHOOLQJȴQDQFLDODVVHWV
net trading income unless hedge accounts in this way for derivatives
accounting is applied. The Group HPEHGGHGLQȴQDQFLDOOLDELOLWLHV y The contractual terms of the
has not applied hedge accounting DQGQRQȴQDQFLDOKRVWFRQWUDFWV ȴQDQFLDODVVHWPHHWWKH633ΖWHVW
'HULYDWLYHVHPEHGGHGLQȴQDQFLDO

SAMPATH SIMPLIFIED 221

NOTES TO THE
FINANCIAL STATEMENTS

These instruments largely comprise ƑĸƑĸƐĸѳ ;0|bvv†;7-m7o|_;u0ouuo‰;7=†m7v y The liabilities (and assets
government securities that had After initial measurement, debt until 1st January 2018 under
SUHYLRXVO\EHHQFODVVLȴHGDV issued and other borrowed funds LKAS 39) containing one or
available for-sale under LKAS 39. are subsequently measured at more embedded derivatives,
amortised cost. Amortised cost is XQOHVVWKH\GRQRWVLJQLȴFDQWO\
 )92&ΖGHEWLQVWUXPHQWVDUH calculated by taking into account PRGLI\WKHFDVKȵRZVWKDW
subsequently measured at fair value any discount or premium on issue would otherwise be required
with gains and losses arising due of funds and costs that are an by the contract, or it is clear
to changes in fair value recognised integral part of the EIR. The Group with little or no analysis when
in OCI. Interest income and foreign GRHVQRWKDYHFRPSRXQGȴQDQFLDO DVLPLODULQVWUXPHQWLVȴUVW
exchange gains and losses are instruments which contains both considered that separation of
UHFRJQLVHGLQSURȴWRUORVVLQWKH liability and equity components and the embedded derivative(s) is
VDPHPDQQHUDVIRUȴQDQFLDODVVHWV require separation as at the date of prohibited
measured at amortised cost. the issue.
 )LQDQFLDODVVHWVDQGȴQDQFLDO
The ECL calculation for Debt OLDELOLWLHVDW)93/DUHUHFRUGHGLQ
ƑĸƑĸƐĸƓ bm-m1b-Ѳ-vv;|v-m7Cm-m1b-ѲѲb-0bѲbࢼ;v
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in Note 4.4.6.5. Where the Group at fair value. Changes in fair value
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holds more than one investment in DUHUHFRUGHGLQSURȴWRUORVVZLWK
liabilities in this category are those
the same security, they are deemed the exception of movements in fair
that are not held for trading and
WREHGLVSRVHGRIRQDȴUVWȂLQ YDOXHRIOLDELOLWLHVGHVLJQDWHGDW)93/
have been either designated by
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management upon initial recognition
cumulative gains or losses previously credit risk. Such changes in fair value
or are mandatorily required to be
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measured at fair value under SLFRS
IURP2&ΖWRSURȴWRUORVV reserve” through OCI and do not get
9. Management only designates
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ƑĸƑĸƐĸƒ t†b|‹bmv|u†l;m|v-| (ŎoѲb1‹ earned or incurred on instruments
recognition when one of the
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following criteria are met. Such
Upon initial recognition, the Group in interest income or interest
designation is determined on an
occasionally elects to classify expense, respectively, using the EIR,
instrument-by-instrument basis:
irrevocably some of its equity taking into account any discount/
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y The designation eliminates,
PHHWWKHGHȴQLWLRQRIHTXLW\XQGHU costs being integral parts of the
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LKAS 32 Financial Instruments: instrument.
inconsistent treatment that
Presentation and are not held would otherwise arise from
IRUWUDGLQJ6XFKFODVVLȴFDWLRQLV ƑĸƑĸƐĸѴ bm-m1b-Ѳ]†-u-m|;;vĶѲ;‚;uvo=1u;7b|
measuring the assets or
determined on an instrument-by -m7†m7u-‰mѲo-m1ollb|l;m|v
liabilities or recognising gains or
instrument basis. ORVVHVRQWKHPRQDGL΍HUHQW  7KH*URXSLVVXHVȴQDQFLDO
basis guarantees, letters of credit and
Gains and losses on these equity loan commitments. Financial
instruments are never recycled to Or guarantees are initially recognised
SURȴW'LYLGHQGVDUHUHFRJQLVHG LQWKHȴQDQFLDOVWDWHPHQWVDWIDLU
LQSURȴWRUORVVDVRWKHURSHUDWLQJ y The liabilities (and assets until value, being the premium received.
income when the right of the 1st January 2018 under LKAS 39) Subsequent to initial recognition,
payment has been established, DUHSDUWRIDJURXSRIȴQDQFLDO the Group’s liability under each
H[FHSWZKHQWKH*URXSEHQHȴWV OLDELOLWLHVRUȴQDQFLDODVVHWVRU guarantee is measured at the higher
from such proceeds as a recovery of both under LKAS 39), which are of the amount initially recognised
part of the cost of the instrument, in managed and their performance less cumulative amortisation
which case, such gains are recorded evaluated on a fair value basis, in recognised in the income statement,
LQ2&Ζ(TXLW\LQVWUXPHQWVDW)92&Ζ accordance with a documented and – under LKAS 39 – the best
are not subject to an impairment risk management or investment estimate of expenditure required to
assessment. strategy VHWWOHDQ\ȴQDQFLDOREOLJDWLRQDULVLQJ
Or

222 SAMPATH BANK PLC Annual Report 2018

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as a result of the guarantee, or – After initial measurement, available amortisation is included in ‘Interest
under SLFRS 9 – the ECL provision. IRUVDOHȴQDQFLDOLQYHVWPHQWVDUH LQFRPHȇLQWKH6WDWHPHQWRI3URȴW
subsequently measured at fair value. or Loss. The losses arising from
The premium received is recognised Unrealised gains and losses are impairment of such investments are
in the income statement under Net recognised directly in equity through UHFRJQLVHGLQWKH6WDWHPHQWRI3URȴW
fees and commission income on a ‘Other comprehensive income / or Loss.
straight line basis over the life of the expense’ in the ‘Available for sale
guarantee. reserve’. When the investment is Details of ‘Financial investments -
disposed of, the cumulative gain or held to maturity’ are given in
Undrawn loan commitments and loss previously recognised in equity Note 30 to the Financial Statements.
letters of credits are commitments is recognised in the Statement of
under which, over the duration 3URȴWRU/RVVXQGHUȆ1HWJDLQRQ ƓĺƓĺƓ !;1Ѵ-vvbC1-ঞomo=Cm-m1b-Ѵ-vv;|v
of the commitment, the Group ȴQDQFLDODVVHWV:KHUHWKH*URXS -m7Ѵb-0bѴbঞ;v
is required to provide a loan holds more than one investment in From 1st January 2018, the Group
ZLWKSUHVSHFLȴHGWHUPVWRWKH the same security, they are deemed GRHVQRWUHFODVVLI\LWVȴQDQFLDO
FXVWRPHU6LPLODUWRȴQDQFLDO WREHGLVSRVHGRIRQDȴUVWLQ assets subsequent to their initial
guarantee contracts, under LKAS ȴUVWRXWEDVLVΖQWHUHVWHDUQHG recognition, apart from the
39, a provision was made if they whilst holding ‘Available for sale exceptional circumstances in which
were an onerous contract but, from ȴQDQFLDOLQYHVWPHQWVȇLVUHSRUWHGDV the Group may acquire, dispose
1st January 2018, these contracts ȆΖQWHUHVWLQFRPHȇXVLQJWKHH΍HFWLYH of, or terminates a business
are within the scope of the ECL interest rate. Dividend earned whilst line (change in business model).
requirements. KROGLQJȆ$YDLODEOHIRUVDOHȴQDQFLDO :KHQWKH*URXSUHFODVVLȴHVLWV
investments’ are recognised in ȴQDQFLDODVVHWVLWDSSOLHVWKH
The nominal contractual value of WKH6WDWHPHQWRI3URȴWRU/RVVDV UHFODVVLȴFDWLRQSURVSHFWLYHO\IURP
ȴQDQFLDOJXDUDQWHHVOHWWHUVRIFUHGLW Ȇ1HWJDLQRQȴQDQFLDODVVHWVȇZKHQ WKHUHFODVVLȴFDWLRQGDWHZLWKRXW
and undrawn loan commitments, the right to receive the payment restating any previously recognised
where the loan agreed to be has been established. The losses gains, losses (including impairment
provided is on market terms, are arising from impairment of such gains or losses) or interest. Financial
not recorded in the statement of investments are recognised in the OLDELOLWLHVDUHQHYHUUHFODVVLȴHG
ȴQDQFLDOSRVLWLRQ7KHQRPLQDO 6WDWHPHQWRI3URȴWRU/RVVXQGHU
values of these instruments together ‘Impairment charge for loans and  :KHQDȴQDQFLDODVVHWLVUHFODVVLȴHG
with the corresponding ECLs are other losses’ and removed from the out of the amortised cost
disclosed in Note 46. ‘Available for sale reserve’. measurement category and into
WKHIDLUYDOXHWKURXJKSURȴWRUORVV
ƑĸƑĸƐĸƔ ˆ-bѲ-0Ѳ;ň=ouňv-Ѳ;Cm-m1b-Ѳ Details of ‘Financial assets - available measurement category, its fair value
bmˆ;v|l;m|vŎoѲb1‹-rrѲb1-0Ѳ;0;=ou; for sale’ are given in Note 29 to the LVPHDVXUHGDWWKHUHFODVVLȴFDWLRQ
Ǝv|-m†-u‹ƏƍƎѴŏ Financial Statements. date. Any gain or loss arising from
 $YDLODEOHIRUVDOHȴQDQFLDODVVHWV DGL΍HUHQFHEHWZHHQWKHSUHYLRXV
include equity and debt securities. ƑĸƑĸƐĸƎƍ;Ѳ7ň|oňl-|†ub|‹Cm-m1b-Ѳ DPRUWLVHGFRVWRIWKHȴQDQFLDODVVHW
(TXLW\LQYHVWPHQWVFODVVLȴHGDV bmˆ;v|l;m|vŎoѲb1‹-rrѲb1-0Ѳ;0;=ou; DQGIDLUYDOXHLVUHFRJQLVHGLQSURȴW
‘Available for sale’ are those which Ǝv|-m†-u‹ƏƍƎѴŏ or loss.
DUHQHLWKHUFODVVLȴHGDVȆ+HOGIRU  +HOGWRPDWXULW\ȴQDQFLDODVVHWV
trading’ nor ‘designated at fair value DUHQRQGHULYDWLYHȴQDQFLDO  :KHQDȴQDQFLDODVVHWLVUHFODVVLȴHG
WKURXJKSURȴWRUORVVȇXQGHUWKH DVVHWVZLWKȴ[HGRUGHWHUPLQDEOH RXWRIWKHIDLUYDOXHWKURXJKSURȴWRU
FODVVLȴFDWLRQSULQFLSOHVVHWRXWLQ SD\PHQWVDQGȴ[HGPDWXULWLHV loss measurement category and into
LKAS 39. Debt securities in this which the Group has the intention the amortised cost measurement
category are intended to be held for and ability to hold to maturity. category, its fair value at the
DQLQGHȴQLWHSHULRGRIWLPHDQGPD\ After the initial recognition, held UHFODVVLȴFDWLRQGDWHEHFRPHVLWV
be sold in response to needs for WRPDWXULW\ȴQDQFLDOLQYHVWPHQWV new gross carrying amount.
liquidity or in response to changes in are subsequently measured at
the market conditions. DPRUWLVHGFRVWXVLQJWKHH΍HFWLYH  :KHQDȴQDQFLDODVVHWLV
interest rate, less impairment. The UHFODVVLȴHGRXWRIWKHDPRUWLVHG
cost measurement category

SAMPATH SIMPLIFIED 223

NOTES TO THE
FINANCIAL STATEMENTS

and into the fair value through at fair value. The cumulative gain ƑĸƑĸƒĸƏ ;u;1o]mbࢼomo|_;u|_-m=ou
other comprehensive income or loss previously recognised in v†0v|-mࢼ-Ѳlo7bC1-ࢼom
measurement category, its fair value other comprehensive income is
ƑĸƑĸƒĸƏŎ-ŏ bm-m1b-Ѳ-vv;|v
LVPHDVXUHGDWWKHUHFODVVLȴFDWLRQ UHFODVVLȴHGIURPHTXLW\WRSURȴWRU
 $ȴQDQFLDODVVHWRUZKHUH
date. Any gain or loss arising from ORVVDVDUHFODVVLȴFDWLRQDGMXVWPHQW
DSSOLFDEOHDSDUWRIDȴQDQFLDO
DGL΍HUHQFHEHWZHHQWKHSUHYLRXV DWWKHUHFODVVLȴFDWLRQGDWH
asset or part of a group of similar
DPRUWLVHGFRVWRIWKHȴQDQFLDO
ȴQDQFLDODVVHWVLVGHUHFRJQLVHG
asset and fair value is recognised The Group did not reclassify any of
when the rights to receive cash
in other comprehensive income. LWVȴQDQFLDODVVHWVRUOLDELOLWLHVLQ
ȵRZVIURPWKHȴQDQFLDODVVHW
7KHH΍HFWLYHLQWHUHVWUDWHDQGWKH 2018.
have expired. The Group also
measurement of expected credit
GHUHFRJQLVHVWKHȴQDQFLDODVVHWLI
losses are not adjusted as a result of ƓĺƓĺƔ ;u;1o]mbঞomo=Cm-m1b-Ѵ-vv;|v-m7
LWKDVERWKWUDQVIHUUHGWKHȴQDQFLDO
WKHUHFODVVLȴFDWLRQ Ѵb-0bѴbঞ;v
DVVHWDQGWKHWUDQVIHUTXDOLȴHVIRU
ƑĸƑĸƒĸƎ ;u;1o]mbࢼom7†;|ov†0v|-mࢼ-Ѳ derecognition.
 :KHQDȴQDQFLDODVVHWLVUHFODVVLȴHG
lo7bC1-ࢼomo=|;ulv-m71om7bࢼomv
out of the fair value through
 7KH*URXSGHUHFRJQLVHVDȴQDQFLDO The Group has transferred the
other comprehensive income
asset, such as a loan to a customer, ȴQDQFLDODVVHWLIDQGRQO\LIHLWKHU
measurement category and into
when the terms and conditions have
the amortised cost measurement
been renegotiated to the extent y The Group has transferred its
FDWHJRU\WKHȴQDQFLDODVVHWLV
that, substantially, it becomes a new contractual rights to receive
UHFODVVLȴHGDWLWVIDLUYDOXHDWWKH
ORDQZLWKWKHGL΍HUHQFHUHFRJQLVHG FDVKȵRZVIURPWKHȴQDQFLDO
UHFODVVLȴFDWLRQGDWH+RZHYHUWKH
as a derecognition gain or loss, to asset
cumulative gain or loss previously
the extent that an impairment loss
recognised in other comprehensive Or
has not already been recorded. The
income is removed from equity
QHZO\UHFRJQLVHGORDQVDUHFODVVLȴHG y It retains the rights to the cash
and adjusted against the fair
as Stage 1 for ECL measurement ȵRZVEXWKDVDVVXPHGDQ
YDOXHRIWKHȴQDQFLDODVVHWDWWKH
purposes, unless the new loan is obligation to pay the received
UHFODVVLȴFDWLRQGDWH$VDUHVXOW
deemed to be credit impaired at the FDVKȵRZVLQIXOOZLWKRXW
WKHȴQDQFLDODVVHWLVPHDVXUHGDW
date of inception. material delay to a third
WKHUHFODVVLȴFDWLRQGDWHDVLILWKDG
party under a ‘pass–through’
always been measured at amortised
When assessing whether or not to arrangement
FRVW7KHH΍HFWLYHLQWHUHVWUDWHDQG
derecognise a loan to a customer,
the measurement of expected credit
amongst others, the Group Pass-through arrangements are
losses are not adjusted as a result of
considers the following factors: transactions whereby the Group
WKHUHFODVVLȴFDWLRQ
retains the contractual rights to
y Change in currency of the loan UHFHLYHWKHFDVKȵRZVRIDȴQDQFLDO
 :KHQDȴQDQFLDODVVHWLVUHFODVVLȴHG
asset (the 'original asset'), but
RXWRIWKHIDLUYDOXHWKURXJKSURȴW y Introduction of an equity feature
assumes a contractual obligation to
or loss measurement category
y Change in counterparty SD\WKRVHFDVKȵRZVWRRQHRUPRUH
and into the fair value through
entities (the 'eventual recipients'),
other comprehensive income y ΖIWKHPRGLȴFDWLRQLVVXFKWKDW
when all of the following three
PHDVXUHPHQWFDWHJRU\WKHȴQDQFLDO the instrument would no longer
conditions are met:
asset continues to be measured at meet the SPPI criterion
fair value.
y The Group has no obligation to
 ΖIWKHPRGLȴFDWLRQGRHVQRWUHVXOW
pay amounts to the eventual
 :KHQDȴQDQFLDODVVHWLVUHFODVVLȴHG LQFDVKȵRZVWKDWDUHVXEVWDQWLDOO\
recipients unless it has collected
out of the fair value through GL΍HUHQWWKHPRGLȴFDWLRQGRHVQRW
equivalent amounts from the
other comprehensive income result in derecognition. Based on the
original asset, excluding short-
measurement category and into FKDQJHLQFDVKȵRZVGLVFRXQWHGDW
term advances with the right to
WKHIDLUYDOXHWKURXJKSURȴWRUORVV the original EIR, the Group records
full recovery of the amount lent
PHDVXUHPHQWFDWHJRU\WKHȴQDQFLDO DPRGLȴFDWLRQJDLQRUORVVWRWKH
plus accrued interest at market
asset continues to be measured extent that an impairment loss has
rates
not already been recorded.

224 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
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y The Group cannot sell or pledge and obligations that the Group has lifetime expected credit loss or
the original asset other than retained. (LTECL)], unless there has been no
as security to the eventual VLJQLȴFDQWLQFUHDVHLQFUHGLWULVN
recipients Continuing involvement that takes since origination, in which case,
the form of a guarantee over the the impairment is based on the
y The Group has to remit any cash transferred asset is measured at the 12 months’ expected credit loss
ȵRZVLWFROOHFWVRQEHKDOIRI lower of the original carrying amount (12mECL). The Group’s policies for
the eventual recipients without of the asset and the maximum determining if there has been a
material delay. In addition, the amount of consideration the Group VLJQLȴFDQWLQFUHDVHLQFUHGLWULVNDUH
Group is not entitled to reinvest could be required to pay. set out in Note 4.4.6.1 (b).
VXFKFDVKȵRZVH[FHSWIRU
investments in cash or cash ƑĸƑĸƒĸƏŎ0ŏ bm-m1b-ѲѲb-0bѲbࢼ;v The 12mECL is the portion of LTECLs
equivalents including interest  $ȴQDQFLDOOLDELOLW\LVGHUHFRJQLVHG that represent the ECLs that result
earned, during the period when the obligation under the IURPGHIDXOWHYHQWVRQDȴQDQFLDO
between the collection date and liability is discharged, cancelled or instrument that are possible within
the date of required remittance H[SLUHG:KHUHDQH[LVWLQJȴQDQFLDO the 12 months after the reporting
to the eventual recipients. liability is replaced by another from date.
the same lender on substantially
 $WUDQVIHURQO\TXDOLȴHVIRU GL΍HUHQWWHUPVRUWKHWHUPVRIDQ Both LTECLs and 12mECLs are
derecognition if either: existing liability are substantially calculated on either an individual
PRGLȴHGVXFKDQH[FKDQJH basis or a collective basis, depending
y The Group has transferred RUPRGLȴFDWLRQLVWUHDWHGDVD on the nature of the underlying
substantially all the risks and derecognition of the original liability SRUWIROLRRIȴQDQFLDOLQVWUXPHQWV
rewards of the asset and the recognition of a new liability. 7KHSROLF\IRUJURXSLQJȴQDQFLDO
7KHGL΍HUHQFHEHWZHHQWKHFDUU\LQJ assets measured on a collective
Or
YDOXHRIWKHRULJLQDOȴQDQFLDOOLDELOLW\ basis is explained in Note 4.4.6.4.
y The Group has neither The details of individual assessment
and the consideration paid is
transferred nor retained of ECLs are given in Note 4.4.6.3.
UHFRJQLVHGLQSURȴWRUORVV
substantially all the risks and
rewards of the asset, but has The Group has established a policy
ƓĺƓĺѵ lr-bul;m|-ѴѴo‰-m1;=ouCm-m1b-Ѵ
transferred control of the asset to perform an assessment, at the
-vv;|v
end of each reporting period, of
The Group considers control to ƑĸƑĸѳĸƎ ˆ;uˆb;‰o=|_;rubm1brѲ;v
ZKHWKHUDȴQDQFLDOLQVWUXPHQWȇV
be transferred if and only if, the As described in Note 3.1.2, FUHGLWULVNKDVLQFUHDVHGVLJQLȴFDQWO\
transferee has the practical ability the adoption of SLFRS 9 has since initial recognition, by
to sell the asset in its entirety to an fundamentally changed the Group’s considering the change in the risk of
unrelated third party and is able loan loss impairment method default occurring over the remaining
to exercise that ability unilaterally by replacing LKAS 39’s incurred OLIHRIWKHȴQDQFLDOLQVWUXPHQW
and without imposing additional loss approach with a forward- This is further explained in Note
restrictions on the transfer. looking ECL approach. From 1st 4.4.6.1(b). Based on the above
January 2018, the Group has process, the Group categorise its
When the Group has neither been recording the impairment loans into ‘Stage 1’, ‘Stage 2’, ‘Stage
transferred nor retained for expected credit losses for all 3’ and ‘originated credit impaired’, as
substantially all the risks and ORDQVDQGGHEW RWKHUȴQDQFLDO described below:
rewards and has retained control LQVWUXPHQWVQRWKHOGDW)93/
of the asset, the asset continues to together with loan commitments y Stage 1: When loans are
be recognised only to the extent of DQGȴQDQFLDOJXDUDQWHHFRQWUDFWV ȴUVWUHFRJQLVHGWKH*URXS
the Group’s continuing involvement, Equity instruments are not subject recognises an impairment based
in which case, the Group also to impairment under SLFRS 9. on 12mECLs. Stage 1 loans also
recognises an associated liability. include facilities where the credit
The transferred asset and the The ECL impairment is based risk has improved and the loan
associated liability are measured on the credit losses expected to KDVEHHQUHFODVVLȴHGIURP
RQDEDVLVWKDWUHȵHFWVWKHULJKWV DULVHRYHUWKHOLIHRIWKHDVVHW>WKH Stage 2.

SAMPATH SIMPLIFIED 225

NOTES TO THE
FINANCIAL STATEMENTS

y Stage 2: When a loan has pay. When such events occur, the past due, at the time of the cure.
VKRZQDVLJQLȴFDQWLQFUHDVHLQ Group carefully considers whether The Group’s criterion for ‘cure’ for
credit risk since origination, the the event should result in treating rescheduled / restructured loans is
Group records an impairment the customer as defaulted and more stringent than ordinary loans
for the LTECLs. Stage 2 loans therefore assessed as Stage 3 for and is explained in Note 4.4.6.11.
also include facilities, where the ECL calculations or whether Stage 2
credit risk has improved and the is appropriate. ƑĸƑĸѳĸƎŎ0ŏ"b]mbC1-m|bm1u;-v;bm1u;7b|ubvh
ORDQKDVEHHQUHFODVVLȴHGIURP The Group continuously monitors all
Stage 3. Such events include: assets subject to ECLs. In order to
y Internal rating of the borrower determine whether an instrument or
y Stage 3: Loans considered indicating default or near-default a portfolio of instruments is subject
FUHGLWLPSDLUHG>DVRXWOLQHG to 12mECL or LTECL, the Group
in Note 4.4.6.1(a)]. The Group y The borrower requesting
assesses whether there has been
records an impairment for the emergency funding
DVLJQLȴFDQWLQFUHDVHLQFUHGLWULVN
LTECLs. y The borrower having past due since initial recognition. The Group
liabilities to public creditors or considers an exposure to have a
y Originated credit impaired: employees VLJQLȴFDQWO\LQFUHDVHGFUHGLWULVN
Originated credit impaired when it is past due for more than 30
DVVHWVDUHȴQDQFLDODVVHWV y The borrower is deceased
days.
that are credit impaired on y A material decrease in the
initial recognition. They are underlying collateral value The Group also applies a secondary
recorded at fair value at original where the recovery of the loan qualitative method for triggering
recognition and interest income is expected from the sale of the DVLJQLȴFDQWLQFUHDVHLQFUHGLW
is subsequently recognised collateral risk, such as restructuring or
based on a credit-adjusted EIR. rescheduling of an assets while the
y A material decrease in the
ECLs are only recognised or asset is less than 30 days past due.
borrower’s turnover or the loss
released to the extent that there In certain cases, the Group may
of a major customer
is a subsequent change in the also consider that events explained
expected credit losses. y A covenant breach not waived LQ1RWHDDUHDVLJQLȴFDQW
by the Group increase in credit risk as opposed
 )RUȴQDQFLDODVVHWVIRUZKLFK to a default, for customers who are
y The debtor (or any legal entity
the Group has no reasonable FRQVLGHUHGDVLQGLYLGXDOO\VLJQLȴFDQW
ZLWKLQWKHGHEWRUȇVJURXSȴOLQJ
expectations of recovering either
for bankruptcy application/
the entire outstanding amount, ƑĸƑĸѳĸƏ $_;1-Ѳ1†Ѳ-ࢼomo=
protection
or a proportion thereof, the gross
The Group calculates ECL based on
FDUU\LQJDPRXQWRIWKHȴQDQFLDO y Debtor’s listed debt or equity
three probability-weighted scenarios
asset is reduced. This is considered suspended at the primary
to measure the expected cash
a (partial) derecognition of the exchange because of rumours
shortfall (the base case, best case
ȴQDQFLDODVVHW RUIDFWVDERXWȴQDQFLDO
and the worst case), discounted at
GLɝFXOWLHV
an approximation to the EIR. Each
ƑĸƑĸѳĸƎŎ-ŏ ;Cmbࢼomo=7;=-†Ѳ|-m71†u;
It is the Group’s policy to consider RIWKHVHLVDVVRFLDWHGZLWKGL΍HUHQW
 7KH*URXSFRQVLGHUVDȴQDQFLDO loss rates. The assessment of
DȴQDQFLDOLQVWUXPHQWDVȆFXUHGȇ
instrument as defaulted and multiple scenarios incorporates how
DQGWKHUHIRUHUHFODVVLȴHGRXWRI
therefore Stage 3 (credit-impaired) defaulted loans are expected to be
Stage 3 when none of the default
for ECL calculations in all cases when recovered, including the probability
criteria have been present and the
the borrower becomes 90 days past that the loans will cure and the value
borrower is no longer considered as
due on its contractual payments. of collateral or the amount that
non performing in accordance with
the Directives of the Central Bank. might be received for selling the
As a part of a qualitative assessment
asset.
RIZKHWKHUDQLQGLYLGXDOO\VLJQLȴFDQW
Once cured, the decision whether
customer is in default, the Group
to classify an asset as Stage 2 or
also considers a variety of instances
Stage 1 largely depends on the days
that may indicate unlikeliness to

226 SAMPATH BANK PLC Annual Report 2018

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Key elements of the ECL calculations ƑĸƑĸѳĸƐ -Ѳ1†Ѳ-ࢼomo=v=oubm7bˆb7†-ѲѲ‹ y Aggregate exposure to the
are outlined below: vb]mbC1-m|Ѳo-mv customer including any undrawn
 7KH*URXSȴUVWDVVHVVHV(&/V exposures;
y PD - The Probability of Default
LQGLYLGXDOO\IRUȴQDQFLDODVVHWV y The viability of the customer’s
is an estimate of the likelihood
WKDWDUHLQGLYLGXDOO\VLJQLȴFDQWWR business model and their
of default over a given time
the Group. In the event the Group capacity to trade successfully
horizon. A default may only
determines that such assets are RXWRIȴQDQFLDOGLɝFXOWLHVDQG
happen at a certain time over
not impaired (Not in stage 3), it JHQHUDWHVXɝFLHQWFDVKȵRZVWR
the assessed period, if the
includes the asset in a group of service debt obligations;
facility has not been previously
ȴQDQFLDODVVHWVZLWKVLPLODUFUHGLW
derecognised and is still in the y The amount and timing
risk characteristics and collectively
portfolio. The concept of PDs is of expected receipts and
assesses them for impairment.
further explained in recoveries;
However, assets that are individually
Note 4.4.6.4 (a).
assessed for impairment and for y The extent of other creditors’
which an impairment loss is or commitments ranking ahead of,
y EAD – The Exposure at Default is
continues to be recognised are not or pari-passu with the Bank and
an estimate of the exposure at
included in a collective assessment the likelihood of other creditors
a future default date, taking into
of impairment. The criteria used continuing to support the
account expected changes in
to determine whether individually company;
the exposure after the reporting
VLJQLȴFDQWFXVWRPHULVLQGHIDXOWLV
date, including repayments of y The complexity of determining
discussed in Note 4.4.6.1 (a).
principal and interest, whether the aggregate amount and
scheduled by contract or ranking of all creditor claims
If the asset is impaired, the
otherwise, expected drawdowns and the extent to which legal
amount of the loss is measured
on committed facilities, and and insurance uncertainties are
by discounting the expected
accrued interest from missed evident;
IXWXUHFDVKȵRZVRIDȴQDQFLDO
payments. The EAD is further
DVVHWDWLWVRULJLQDOH΍HFWLYH
explained in Note 4.4.6.4 (b). y The realisable value of security
interest rate and comparing the
(or other credit mitigants)
resultant present value with the
y LGD – The Loss Given Default is and likelihood of successful
ȴQDQFLDODVVHWȇVFXUUHQWFDUU\LQJ
an estimate of the loss arising in repossession;
amount. The impairment on
the case where a default occurs
LQGLYLGXDOO\VLJQLȴFDQWDFFRXQWV
at a given time. It is based on y The likely deduction of any costs
are reviewed more regularly when
WKHGL΍HUHQFHEHWZHHQWKH involved in recovery of amounts
circumstances require. This normally
FRQWUDFWXDOFDVKȵRZVGXHDQG outstanding;
encompasses re-assessment of
those that the lender would
the enforceability of any collateral
expect to receive, including from y The ability of the borrower to
held and the timing and amount
the realisation of any collateral. obtain and make payments in
of actual and anticipated receipts.
It is usually expressed as a the currency of the loan if not
Individually assessed impairment
percentage of the EAD. The LGD denominated in local currency;
is only released when there is
is further explained in and
reasonable and objective evidence
Note 4.4.6.4 (c).
of a reduction in the established
y The likely dividend available on
loss estimate. Interest on impaired
With the exception of credit cards liquidation or bankruptcy
assets continues to be recognised
and other revolving facilities, for
through the unwinding of the
which the treatment is separately set ƑĸƑĸѳĸƑ uo†rbm]Cm-m1b-Ѳ-vv;|vl;-v†u;7om
discount.
out in Note 4.4.6.6, the maximum -1oѲѲ;1ࢼˆ;0-vbv
period for which the credit losses The Group calculates ECLs either on
When ECLs are determined for
are determined is the contractual a collective or an individual basis.
LQGLYLGXDOO\VLJQLȴFDQWȴQDQFLDO
OLIHRIDȴQDQFLDOLQVWUXPHQWXQOHVV Asset classes where the Group
assets, following factors are
the Group has the legal right to call calculates ECL on an individual basis
considered:
it earlier. include:

SAMPATH SIMPLIFIED 227

NOTES TO THE
FINANCIAL STATEMENTS

y All customers whose exposure PD estimation for loans and months. However, if a Stage 1 loan
is more than or equal to the advances to other customers under that is expected to default within
internal threshold for classifying SLFRS 9 is largely based on the Days the 12 months from the balance
WKHPDVLQGLYLGXDOO\VLJQLȴFDQW Past Due (DPD) of the customers sheet date is also expected to cure
However, if the customer is which is common for most Banks in and subsequently default again,
determined to be in stage I or the country at present. then all linked default events are
stage II such customers are taken into account. For Stage 2
moved back to collective ECL Accordingly, exposures are DQG6WDJHȴQDQFLDODVVHWVDQG
calculation. categorised among 5 groups based FUHGLWLPSDLUHGȴQDQFLDODVVHWVDW
on the DPD as follows. origination, events over the lifetime
y The treasury, trading and of the instruments are considered.
interbank relationships (such y Zero days past due The Group determines EADs by
as Due from banks, debt modelling the range of possible
y 1 – 30 days past due
instruments at amortised cost/ exposure outcomes at various
)92&Ζ y 31 - 60 days past due points in time, corresponding the
y 61 – 90 days past due multiple scenarios. The SLFRS 9 PDs
For all other asset classes, are then assigned to each economic
the Group calculates ECL on y Above 90 days past due scenario based on the outcome of
a collective basis. The Group Group’s models.
categorises these exposures The Bank is in the process of
into smaller homogeneous developing its internal risk rating ƑĸƑĸѳĸƑŎ1ŏovv]bˆ;m7;=-†Ѳ|
portfolios, based on a system to suit the requirements of
LGD values are assessed at least
combination of internal and SLFRS 9 with the help of an external
annually for each material collateral
external characteristics of the consultant.
type. The Group segregates its
loans, as described below: customer loan book based on
The movement of the customers in
following major types of collaterals
y Product type to bad DPD categories are tracked at
when calculating the LGD.
each account level over the periods
y Type of collateral
and it is used to estimate the
y Secured against cash / deposits
y Industry of the borrower amount of loans that will eventually
held within the bank
EHZULWWHQR΍
y Whether the loan is restructured y Secured against immovable
/ rescheduled property
However, for loans to and
receivables from to banks and y Secured against motor vehicles
ƑĸƑĸѳĸƑŎ-ŏ$_;bm|;um-Ѳu-ࢼm]-m7 
GHEW RWKHUȴQDQFLDOLQVWUXPHQWV and other movable properties
;vࢼl-ࢼomruo1;vv FODVVLȴHGDVDPRUWLVHGFRVW y Secured against gold
The Bank’s Credit Risk Department )92&ΖWKH*URXSUHOLHVRQH[WHUQDO
operates its internal rating models. credit ratings in determining their y Secured against listed shares
The Bank runs separate models respective PDs.
for its key portfolios in which its y Secured against lease
customers are rated from A+ to D ƑĸƑĸѳĸƑŎ0ŏŠrov†u;-|7;=-†Ѳ| receivables
using internal grades. The models The exposure at default (EAD)
incorporate both qualitative and These LGD rates take into account
represents the gross carrying
quantitative information and, in the expected EAD in comparison
DPRXQWRIWKHȴQDQFLDOLQVWUXPHQWV
DGGLWLRQWRLQIRUPDWLRQVSHFLȴFWR to the amount expected to
subject to the impairment
the borrower, utilise supplemental be recovered or realised from
calculation, addressing both
external information that could any collateral held. Historically
the client’s ability to increase its
D΍HFWWKHERUURZHUȇVEHKDYLRXU collected loss data is used for LGD
exposure while approaching default
Although these PDs are used for calculation and involves a wider set
and potential early repayments too.
regulatory purposes, the same is not of transaction characteristics (e.g.,
used for PD estimation under product type, collateral type) as well
To calculate the EAD for a Stage
SLFRS 9. as borrower characteristics. Further
1 loan, the Group assesses the
recent data and forward-looking
possible default events within 12

228 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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economic scenarios are used in ƑĸƑĸѳĸƓ ou‰-u7Ѳoohbm]bm=oul-ࢼom position. However, the fair value of
order to determine the LGD for each In its ECL models, the Bank relies FROODWHUDOD΍HFWVWKHFDOFXODWLRQRI
collateral type. The LGD rates, where on a broad range of forward looking ECLs. It is generally assessed, at a
possible, are calibrated through back information as economic inputs, minimum, at inception and to fall in
testing against recent recoveries. such as: line with the CBSL directives.

 )RUȴQDQFLDOLQYHVWPHQWVRWKHUWKDQ y GDP growth To the extent possible, the Group

loans and receivables, the Group uses active market data for valuing
y Unemployment rates
XVHVWKH/*'UDWHVVSHFLȴHGE\WKH ȴQDQFLDODVVHWVKHOGDVFROODWHUDO
regulator in the Basel III guidelines y Interest rates 2WKHUȴQDQFLDODVVHWVZKLFKGRQRW
when calculating the ECL as per y Exchange rate have readily determinable market
SLFRS 9. y ΖQȵDWLRQUDWH values are valued using models.
1RQȴQDQFLDOFROODWHUDOVXFKDV
y World GDP growth
ƑĸƑĸѳĸƒ ;0|bmv|u†l;m|vl;-v†u;7-| ( real estate, is valued based on data
The ECLs for debt instruments provided by third parties such as
The inputs and models used for
PHDVXUHGDW)92&ΖGRQRWUHGXFH independent valuation specialists.
calculating ECLs may not always
the carrying amount of these capture all characteristics of the
ȴQDQFLDODVVHWVLQWKHVWDWHPHQWRI ƑĸƑĸѳĸƔ oѲѲ-|;u-Ѳu;rovv;vv;7
PDUNHWDWWKHGDWHRIWKHȴQDQFLDO
ȴQDQFLDOSRVLWLRQZKLFKUHPDLQV VWDWHPHQWV7RUHȵHFWWKLV The Group’s accounting policy under
at fair value. Instead, an amount qualitative adjustments or overlays SLFRS 9 remains the same as it
equal to the impairment that would are occasionally made as temporary was under LKAS 39. The Group’s
arise if the assets were measured DGMXVWPHQWVZKHQVXFKGL΍HUHQFHV policy is to determine whether a
at amortised cost is recognised in DUHVLJQLȴFDQWO\PDWHULDO7RHQVXUH repossessed asset can be best used
OCI as an accumulated impairment completeness and accuracy, the for its internal operations or should
amount, with a corresponding Group obtains the above data be sold. Assets determined to be
FKDUJHWRSURȴWRUORVV7KH from third party sources (Central useful for the internal operations
accumulated loss recognised in OCI Bank, World Bank and International are transferred to the relevant
LVUHF\FOHGWRWKHSURȴWDQGORVV Monetary Fund etc). The Bank’s asset category at the lower of the
upon derecognition of the assets. internal Research Unit reviews repossessed value or the carrying
the inputs used and the weights value of the original secured asset.
ƑĸƑĸѳĸѳ u;7b|1-u7v-m7o|_;uu;ˆoѲˆbm] attributed to multiple scenarios.
=-1bѲbࢼ;v ƑĸƑĸѳĸƎƍ)ub|;ňo@v
 7KH%DQNȇVSURGXFWR΍HULQJLQFOXGHV ƑĸƑĸѳĸѴ oѲѲ-|;u-Ѳˆ-Ѳ†-ࢼom The Group’s accounting policy under
a variety of corporate and retail To mitigate its credit risks on SLFRS 9 remains the same as it was
overdrafts and credit cards facilities, ȴQDQFLDODVVHWVWKH*URXSVHHNV under LKAS 39. Financial assets are
in which the Bank has the right to to use collateral, where possible. ZULWWHQR΍HLWKHUSDUWLDOO\RULQWKHLU
cancel and/or reduce the facilities The collateral comes in various entirety only when the Group has
with a very short notice. The Bank forms, such as cash, securities, stopped pursuing the recovery. If the
does not limit its exposure to credit letters of credit/guarantees, real DPRXQWWREHZULWWHQR΍LVJUHDWHU
losses to the contractual notice estate, receivables, inventories, than the accumulated impairment,
period, but, instead calculates ECL RWKHUQRQȴQDQFLDODVVHWVDQGFUHGLW WKHGL΍HUHQFHLVȴUVWWUHDWHGDVDQ
RYHUDSHULRGRIPRQWKVWRUHȵHFW enhancements such as netting addition to the impairment that
the Bank’s expectations of the agreements. The Group’s accounting is then applied against the gross
customer behaviour, its likelihood policy for collateral assigned to it carrying amount. Any subsequent
of default and the Bank’s future risk through its lending arrangements recoveries are credited to the
mitigation procedures, which could under SLFRS 9 is the same as it was VWDWHPHQWRISURȴWRUORVV
include reducing or cancelling the under LKAS 39. Collateral, unless
facilities. repossessed, is not recorded on
WKH*URXSȇVVWDWHPHQWRIȴQDQFLDO

SAMPATH SIMPLIFIED 229

NOTES TO THE
FINANCIAL STATEMENTS

ƑĸƑĸѳĸƎƎ!;v1_;7†Ѳ;7-m7u;v|u†1|†u;7Ѳo-mv ƑĸƑĸѳĸƎƏlr-bul;m|o= bm-m1b-Ѳvv;|v ƑĸƑĸѳĸƎƏŎ0ŏoѲѲ;1ࢼˆ;Ѳ‹vv;vv;7 bm-m1b-Ѳ

The Bank sometimes makes 1-uub;7-|louࢼv;7ov|ŎroѲb1‹ vv;|v
FRQFHVVLRQVRUPRGLȴFDWLRQV -rrѲb1-0Ѳ;rubou|oƎv|-m†-u‹ƏƍƎѴŏ The collective impairment is
to the original terms of loans  )RUȴQDQFLDODVVHWVFDUULHGDW determined after taking into
in response to the borrower’s amortised cost, such as amounts account:
ȴQDQFLDOGLɝFXOWLHVUDWKHUWKDQ due from banks, loans and advances
taking possession of the collateral. taken by customers, held to maturity y Historical loss experience in
The Bank considers a loan as LQYHVWPHQWVHWFWKH*URXSȴUVW portfolios of similar credit risk;
rescheduled / restructured, when assesses individually whether and
VXFKFRQFHVVLRQVRUPRGLȴFDWLRQV incurred credit losses exists for
are provided as a result of the ȴQDQFLDODVVHWVWKDWDUHLQGLYLGXDOO\ y Management’s experienced
borrower’s present or expected VLJQLȴFDQWRUFROOHFWLYHO\IRUȴQDQFLDO judgment as to whether current
ȴQDQFLDOGLɝFXOWLHVDQGWKH assets that are not individually economic and credit conditions
Bank would not have agreed to VLJQLȴFDQW are such that the actual level of
them if the borrower had been inherent losses at the reporting
ȴQDQFLDOO\KHDOWK\ΖQGLFDWRUV In the event the Group determines date is like to be greater or less
RIȴQDQFLDOGLɝFXOWLHVLQFOXGH that no incurred credit loss exists than that suggested by historical
GHIDXOWVRQFRYHQDQWVRUVLJQLȴFDQW IRUDQLQGLYLGXDOO\DVVHVVHGȴQDQFLDO experience.
concerns raised by the Credit Risk asset, it includes the asset in a group
Department. Reschedulement / RIȴQDQFLDODVVHWVZLWKVLPLODUFUHGLW Statistical methods are used to
restructure may involve extending risk characteristics and collectively determine the amount of incurred
the payment arrangements assesses them for impairment. losses on a collective basis for
and the agreement of new loan However, assets that are individually KRPRJHQHRXVJURXSVRIȴQDQFLDO
conditions. Once the terms have assessed for impairment and for assets. Losses in these groups of
been renegotiated, any impairment which an impairment loss is or ȴQDQFLDODVVHWVDUHUHFRUGHGRQ
is measured using the original EIR as continues to be recognised are not an individual basis when individual
FDOFXODWHGEHIRUHWKHPRGLȴFDWLRQ included in a collective assessment ȴQDQFLDODVVHWVDUHZULWWHQR΍DW
of terms. It is the Bank’s policy to of impairment. which point they are removed from
monitor rescheduled / restructured the group.
loans to ensure that future ƑĸƑĸѳĸƎƏŎ-ŏm7bˆb7†-ѲѲ‹vv;vv;7 bm-m1b-Ѳ
payments are likely to occur. vv;|v Two alternative methods are used to
calculate historical loss experience
The criteria used to determine
From 1st January 2018, rescheduled on a collective basis:
whether there is objective evidence
/restructured loans are at a
of impairment is similar to those
PLQLPXPFODVVLȴHGDVVWDJHDWWKH  :KHQWKHJURXSRIȴQDQFLDODVVHWV
explained under Note 4.4.6.1 (a).
GDWHRIWKHPRGLȴFDWLRQRIWKHORDQ by nature long term, the Group uses
The Bank also consider whether migration analysis method. Under
If there is objective evidence of
VXFKDVVHWVVKRXOGEHFODVVLȴHGDV this methodology the movements
impairment, the amount of the
Stage 3. Once an asset has been in number of customers into bad
loss is measured by discounting
FODVVLȴHGDVVWDJHLWZLOOUHPDLQLQ categories over the periods are used
WKHH[SHFWHGIXWXUHFDVKȵRZV
stage 3 until it becomes performing WRHVWLPDWHWKHDPRXQWRIȴQDQFLDO
E\WKHRULJLQDOH΍HFWLYHLQWHUHVW
(less than 30 days past due) but still assets that will eventually be
rate and comparing the resultant
be subjective for LTECL. Details of ZULWWHQR΍DVDUHVXOWRIWKHHYHQWV
present value with the loan's current
restructured / rescheduled loans are occurring before the reporting
carrying amount. The incurred
disclosed in Note 51.2.1(f). date which the Group is not able
loss impairment on individually
WRLGHQWLI\RQDQLQGLYLGXDOȴQDQFLDO
VLJQLȴFDQWDFFRXQWVDUHUHYLHZHG
 ΖIPRGLȴFDWLRQVDUHVXEVWDQWLDOWKH asset basis and that can be reliably
more regularly when circumstances
loan is derecognised, as explained in estimated.
require. Interest on impaired assets
Note 4.4.5.1.
continues to be recognised through
 :KHQWKHJURXSRIȴQDQFLDODVVHWV
the unwinding of the discount.
by nature short term, the Group
XVHVQHWȵRZUDWHPHWKRG8QGHU

230 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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this methodology the movement of measuring the impairment loss. ƓĺƓĺѶ ;7];11o†mঞm]
in the outstanding balance of If, in a subsequent period, the fair The Group designates certain
customers into bad categories over value of a debt instrument increases derivatives as either:
the periods are used to estimate the and the increase can be objectively
DPRXQWRIȴQDQFLDODVVHWVWKDWZLOO related to a credit event occurring y Hedges of fair value of
HYHQWXDOO\EHZULWWHQR΍DVDUHVXOW after the impairment loss was recognised assets, liabilities or
of the events occurring before the recognised, the impairment loss is ȴUPFRPPLWPHQWVIDLUYDOXH
reporting date which the Group is reversed through the Statement of hedge);
not able to identify on an individual 3URȴWRU/RVV
loan basis and that can be reliably y Hedges of highly probable future
estimated. In the case of equity investments FDVKȵRZVDWWULEXWDEOHWRD
FODVVLȴHGDVDYDLODEOHIRUVDOH recognised asset or liability, or a
Under both methodologies, loans objective evidence would also IRUHFDVWWUDQVDFWLRQFDVKȵRZ
are grouped into ranges according LQFOXGHDȆVLJQLȴFDQWȇRUȆSURORQJHGȇ hedge); or
to the number of days in arrears decline in the fair value of the
and statistical analysis is used to investment below its cost. Where y Hedges of net investments
estimate the likelihood that loans there is evidence of impairment, the in foreign operations (net
in each range will progress through cumulative loss measured as the investment hedges)
the various stages of delinquency GL΍HUHQFHEHWZHHQWKHDFTXLVLWLRQ
and ultimately prove irrecoverable. cost and the current fair value, Hedge accounting is used for
Current economic conditions less any impairment loss on that derivatives designated in this
and portfolio risk factors are also investment previously recognised in way provided certain criteria are
evaluated when calculating the SURȴWRUORVVLVUHPRYHGIURPHTXLW\ met. The Group documents, at
appropriate level of impairment and recognised in the Statement the inception of the transaction,
required to cover inherent loss. RI3URȴWRU/RVV+RZHYHUDQ\ the relationship between hedging
subsequent increase in the fair value instruments and hedged items, as
ƑĸƑĸѳĸƎƐlr-bul;m|o= bm-m1b-Ѳvv;|vň of an impaired available for sale well as its risk management objective
ˆ-bѲ-0Ѳ;=ou"-Ѳ;ŎoѲb1‹-rrѲb1-0Ѳ; equity security is recognised in other and strategy for undertaking various
rubou|oƎv|-m†-u‹ƏƍƎѴŏ comprehensive income. hedge transactions. The Group also
 )RUDYDLODEOHIRUVDOHȴQDQFLDO documents its assessment, both at
 7KH*URXSZULWHVR΍FHUWDLQ hedge inception and on an ongoing
assets, the Group assesses at each
DYDLODEOHIRUVDOHȴQDQFLDO basis, of whether the derivatives that
reporting date whether there is
investments when they are are used in hedging transactions are
objective evidence that an asset
determined to be uncollectible. KLJKO\H΍HFWLYHLQR΍VHWWLQJFKDQJHV
is impaired. In the case of debt
LQVWUXPHQWVFODVVLȴHGDVDYDLODEOH LQIDLUYDOXHVRUFDVKȵRZVRIKHGJHG
ƓĺƓĺƕ @v;মm]o= bm-m1b-Ѵmv|u†l;m|v items.
for sale, the Group assesses
individually whether there is  )LQDQFLDODVVHWVDQGȴQDQFLDO
objective evidence of impairment OLDELOLWLHVDUHR΍VHWDQGWKHQHW The Group did not designate any
based on the same criteria as amount presented in the Statement derivative as a hedging instrument
ȴQDQFLDODVVHWVFDUULHGDWDPRUWLVHG of Financial Position only when the during the years ended 31st
cost. However, the amount recorded *URXSKDVDOHJDOULJKWWRVHWR΍WKH December 2017 and 2018.
for impairment is the cumulative loss recognised amounts and it intends
PHDVXUHGDVWKHGL΍HUHQFHEHWZHHQ either to settle on a net basis or ƓĺƓĺƖ louঞv;7ov|;-v†u;l;m|
the amortised cost and the current to realise the asset and settle the  7KHDPRUWLVHGFRVWRIDȴQDQFLDO
fair value, less any impairment liability simultaneously. Income and asset or liability is the amount at
loss on that investment previously expenses are presented on a net ZKLFKWKHȴQDQFLDODVVHWRUOLDELOLW\
UHFRJQLVHGLQWKH6WDWHPHQWRI3URȴW basis only when permitted under is measured at initial recognition,
or Loss. Future interest income LKASs / SLFRSs or for gains and minus principal repayments, plus or
is based on the reduced carrying losses arising from a group of similar minus the cumulative amortisation
amount and is accrued using the transactions such as in the Group’s XVLQJWKHH΍HFWLYHLQWHUHVWPHWKRG
rate of interest used to discount the trading activity.
IXWXUHFDVKȵRZVIRUWKHSXUSRVH

SAMPATH SIMPLIFIED 231

NOTES TO THE
FINANCIAL STATEMENTS

RIDQ\GL΍HUHQFHEHWZHHQWKHLQLWLDO WKHȴQDQFLDOLQVWUXPHQWLVLQLWLDOO\ IXOȴOPHQWRIWKHDUUDQJHPHQWLV

amount recognised and the maturity measured at fair value, adjusted to GHSHQGHQWRQWKHXVHRIDVSHFLȴF
amount, minus any reduction for GHIHUWKHGL΍HUHQFHEHWZHHQWKH asset or assets and the arrangement
impairment. fair value at initial recognition and conveys a right to use the asset.
the transaction price. Subsequently,
ƓĺƓĺƐƏ -bu(-Ѵ†;;-v†u;l;m| WKDWGL΍HUHQFHLVUHFRJQLVHGLQSURȴW ƓĺƔĺƐ bm-m1;;-v;
‘Fair value’ is the price that would or loss on an appropriate basis Agreements which transfer to
be received to sell an asset or over the life of the instrument but counterparties substantially all the
paid to transfer a liability (exit not later than when the valuation risks and rewards incidental to
price) in an orderly transaction is wholly supported by observable the ownership of assets, but not
between market participants at market data or the transaction is QHFHVVDULO\OHJDOWLWOHDUHFODVVLȴHG
the measurement date in the closed out. DVȴQDQFHOHDVHV:KHQWKH*URXS
principal or, in its absence, the most LVWKHOHVVRUXQGHUȴQDQFHOHDVHV
advantageous market to which  )DLUYDOXHVUHȵHFWWKHFUHGLWULVN the amounts due under the leases,
the Group has access at that date. of the instrument and include after deduction of unearned interest
7KHIDLUYDOXHRIDOLDELOLW\UHȵHFWV adjustments to take account of the income, are included in
its non-performance risk. When credit risk of the Group entity and Note 26, ‘Loans to & receivables
available, the Group measures the the counterparty where appropriate. from banks and Note 27, ‘Loans to &
fair value of an instrument using the Fair value estimates obtained from receivables from other customers’,
quoted price in an active market for models are adjusted for any other as appropriate. Interest income
that instrument (Level 01 valuation). factors, such as liquidity risk or receivable is recognised in ‘Net
A market is regarded as active if model uncertainties; to the extent interest income’ over the periods of
transactions for the asset or liability that the Group believes a third-party the leases so as to give a constant
WDNHSODFHZLWKVXɝFLHQWIUHTXHQF\ market participant would take them rate of return on the net investment
and volume to provide pricing into account in pricing a transaction. in the leases.
information on an ongoing basis.
The fair value of a demand deposit is When the Group is a lessee under
If there is no quoted price in an not less than the amount payable on ȴQDQFHOHDVHVWKHOHDVHGDVVHWVDUH
active market, then the Group uses GHPDQGGLVFRXQWHGIURPWKHȴUVW capitalised and included in ‘Property,
valuation techniques that maximise date on which the amount could be plant and equipment’ and the
the use of relevant observable required to be paid. corresponding liability to the lessor
inputs and minimise the use of is included in ‘Other liabilities’. A
A fair value measurement of a non-
unobservable inputs. The chosen ȴQDQFHOHDVHDQGLWVFRUUHVSRQGLQJ
ȴQDQFLDODVVHWWDNHVLQWRDFFRXQW liability are recognised initially at the
valuation technique incorporates
a market participant’s ability to fair value of the asset or if lower, the
all of the factors that market
JHQHUDWHHFRQRPLFEHQHȴWVE\XVLQJ present value of the minimum lease
participants would take into account
the asset in its highest and best use payments. Finance charges payable
in pricing a transaction.
or by selling it to another market are recognised in ‘Interest expenses’
The best evidence of the fair participant that would use the asset over the period of the lease based
YDOXHRIDȴQDQFLDOLQVWUXPHQW in its highest and best use. on the interest rate implicit in the
at initial recognition is normally lease so as to give a constant rate of
The Group recognises transfers
the transaction price - i.e. the interest on the remaining balance of
between levels of the fair value
fair value of the consideration the liability.
hierarchy as of the end of the
given or received. If the Group
reporting period during which the
determines that the fair value at ƓĺƔĺƑ r;u-ঞm];-v;
change has occurred.
LQLWLDOUHFRJQLWLRQGL΍HUVIURPWKH  $OORWKHUOHDVHVDUHFODVVLȴHGDV
transaction price and the fair value is operating leases. When acting as
ƓĺƔ bm-m1;-m7r;u-ঞm];-v;v
evidenced neither by a quoted price lessor, the Group includes the
in an active market for an identical The determination of whether an
assets subject to operating leases
asset or liability (Level 01 valuation) arrangement is a lease, or it contains
in ‘Property, plant and equipment’
nor based on a valuation technique a lease, is based on the substance
and accounts for them accordingly.
that uses only data from observable of the arrangement and requires
Impairment losses are recognised
markets (Level 02 valuation), then an assessment of whether the

232 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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to the extent that residual values its obligations under the contract. QRWDYDLODEOHWRVHWR΍DJDLQVW
are not fully recoverable and the The provision is measured as the the tax liability of the Bank. Thus,
carrying value of the assets is present value of the lower of the the WHT deducted at source, on
thereby impaired. expected cost of terminating the the dividends distributed by the
contract and the expected net cost subsidiaries is charged to the
When the Group is the lessee, of continuing with the contract. &RQVROLGDWHG6WDWHPHQWRI3URȴWRU
leased assets are not recognised on Loss as a consolidation adjustment.
the Statement of Financial Position. Before a provision is established, the
Group recognises any impairment WHT that arise from the distribution
Rentals payable and receivable loss on the assets associated with of dividend by the Bank are
under operating leases are that contract. The expense relating recognised at the same time as the
accounted for on a straight-line to any provision is presented in the liability to pay the related dividend is
basis over the periods of the leases 6WDWHPHQWRI3URȴWRU/RVVQHWRI recognised.
and are included in ‘Other operating any reimbursement.
expenses’ and ‘Other operating ƓĺƐƏĺƑ 1omolb1";uˆb1;_-u];Ő"ő
income’, respectively. ƓĺѶ r;u-ঞom-Ѵ!bvhˆ;m|v As per provisions of the Economic
Provisions for operational risk Service Charge (ESC) Act No. 13 of
Ɠĺѵ b7†1b-u‹vv;|v events are recognised for losses 2006 and subsequent amendments
 7KH*URXSSURYLGHVȴGXFLDU\ incurred by the Group which do not thereto, ESC is payable on liable
services that result in the holding of relate directly to the amounts of gross turnover of the Bank at 0.5%
assets on behalf of its customers. principal outstanding for loans and and is deductible from income tax
$VVHWVKHOGLQȴGXFLDU\FDSDFLW\ advances. The amount recognised payable.
are not reported in the Financial as a provision is the best estimate
Statements, as they are not assets of of the expenditure required to ƓĺƐƐ !;]†Ѵ-|ou‹uoˆbvbomv
the Group. settle the present obligation as ƓĺƐƐĺƐ ;rovb|mv†u-m1;-m7bt†b7b|‹
at the reporting date, taking into "†rrou|"1_;l;
Ɠĺƕ uoˆbvbomv account the risks and uncertainties
In terms of the Banking Act Direction
A provision is recognised if, as a that surround the events and
No. 5 of 2010 “Insurance of
result of a past event, the Group FLUFXPVWDQFHVWKDWD΍HFWWKH
Deposit Liabilities” issued on 27th
has a present legal or constructive provision.
September 2010 and subsequent
obligation that can be estimated
amendments there to, all Licensed
reliably, and it is probable that an ƓĺƖ !;1o]mbঞomo=m1ol;
Commercial Banks are required
RXWȵRZRIHFRQRPLFEHQHȴWVZLOOEH Revenue is recognised to the extent to insure their deposit liabilities
required to settle the obligation. that it is probable that the economic in the Deposit Insurance Scheme
EHQHȴWVZLOOȵRZWRWKH*URXS operated by the Monetary Board in
The amount recognised is the and the revenue can be reliably terms of Sri Lanka Deposit Insurance
best estimate of the consideration PHDVXUHG6SHFLȴFUHFRJQLWLRQ Scheme Regulations No. 1 of 2010
required to settle the present criteria that must be met before issued under Sections 32A to
obligation at the reporting date, revenue is recognised is discussed 32E of the Monetary Law Act with
taking in to account the risks and under Note 8 -Net Interest Income, H΍HFWIURPVW2FWREHU7KH
uncertainties surrounding the Note 9 - Net Fee and Commission said scheme was renamed as the
obligation at that date. Where a Income, Note 10 - Net Trading Gain “Sri Lanka Deposit Insurance and
provision is measured using the / Loss and Note 11 – Net Gain on Liquidity Support Scheme” as per
FDVKȵRZVHVWLPDWHGWRVHWWOHWKH Financial Assets. the Sri Lanka Deposit Insurance and
present obligation, its carrying
Liquidity Support Scheme Regulation
amount is determined based on the ƓĺƐƏ |_;u$-Š;v No. 1 of 2013.
SUHVHQWYDOXHRIWKRVHFDVKȵRZV
ƓĺƐƏĺƐ )b|__oѴ7bm]$-ŠŐ)$őom bˆb7;m7
A provision for onerous contracts
Dividend distributed out of taxable Deposits to be insured include
is recognised when the expected
SURȴWRIWKHORFDOVXEVLGLDULHV demand, time and savings deposit
EHQHȴWVWREHGHULYHGE\WKH*URXS
attracts WHT at source and is liabilities and exclude the following;
from a contract are lower than
the unavoidable cost of meeting

SAMPATH SIMPLIFIED 233

NOTES TO THE
FINANCIAL STATEMENTS

y deposit liabilities to member 5. STANDARDS ISSUED BUT NOT YET SLFRS – 16 substantially carries
institutions EFFECTIVE AS AT 31ST DECEMBER forward the lessor accounting
2018 requirement in LKAS – 17.
y deposit liabilities to government Accordingly, a lessor continues to
The following Sri Lanka Accounting
of Sri Lanka classify its leases as operating lease
Standard has been issued by the
RUȴQDQFHOHDVHDQGWRDFFRXQWIRU
Institute of Chartered Accountants
y deposit liabilities to Directors, WKRVHWZRW\SHVRIOHDVHVGL΍HUHQWO\
of Sri Lanka which is not yet
key management personnel
H΍HFWLYHDVDWVW'HFHPEHU
and other related parties as  6/)56ZLOOEHFRPHH΍HFWLYH
2018. Accordingly, this accounting
GHȴQHGLQ%DQNLQJ$FW'LUHFWLRQ on 1st January 2019. The Group
standard has not been applied in
No. 11 of 2007 on Corporate has no material impact on the
the preparation of the Financial
Governance of Licensed implementation of the above
Statements for the year ended 31st
Commercial Banks Standard.
December 2018.

y deposit liabilities held

ƔĺƐ " !"Ɛѵŋ;-v;v
as collateral against any
accommodation granted SLFRS 16 sets out the principles
for the recognition, measurement,
y deposit liabilities falling within presentation and disclosure of
the meaning of abandoned leases for both parties to a contract,
property in terms of the Banking i.e. the customer (‘Lessee’] and
Act and dormant deposits in the supplier (‘Lessor’]. SLFRS 16
terms of the Finance Business will replace Sri Lanka Accounting
Act, funds of which have been Standard – LKAS 17 (Leases) and
transferred to Central Bank of related interpretations. SLFRS 16
Sri Lanka. introduces a single accounting
model for the lessee, eliminating the
The Bank’s total capital ratio as at SUHVHQWFODVVLȴFDWLRQRIOHDVHVLQ
31st December 2017 exceeded 14% LKAS 17 as either operating leases
and accordingly the Bank paid a RUȴQDQFHOHDVHV
premium of 0.10% during the year
The new Standard requires a lessee
ended 31st December 2018.
to:

ƓĺƐƐĺƑ uormv†u-m1;;ˆ‹ y recognise assets and liabilities

In terms of the Finance Act No. 12 for all leases with a term of more
of 2013, all institutions under the than 12 months, unless the
purview of Banking Act No. 30 of underlying asset is of low value
1988, Finance Business Act No. 42
y present depreciation of lease
of 2011 and Regulation of Insurance
assets separately, from interest
Industry Act No. 43 of 2000 are
on lease liabilities in the
UHTXLUHGWRSD\RIWKHSURȴW
VWDWHPHQWRISURȴWRUORVV
after tax as Crop Insurance Levy to
the National Insurance Trust Fund
H΍HFWLYHIURPVW$SULO

234 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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6 TRANSITION DISCLOSURES
The following notes set out the impact of adopting Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments) at transition date,
VW-DQXDU\RQWKH6WDWHPHQWRI)LQDQFLDO3RVLWLRQDQGUHWDLQHGHDUQLQJVLQFOXGLQJWKHH΍HFWRIUHSODFLQJLQFXUUHGFUHGLWORVV
calculations under Sri Lanka Accounting Standard - LKAS 39 (Financial Instruments - recognition and measurement) with expected
credit loss (ECL) calculations under SLFRS 9.

 5HFODVVLȴFDWLRQ
 7KHVHDGMXVWPHQWVUHȵHFWWKHPRYHPHQWRIEDODQFHVEHWZHHQFDWHJRULHVRQWKH6WDWHPHQWRI)LQDQFLDO3RVLWLRQZLWKQRLPSDFWWR
VKDUHKROGHUVȇHTXLW\7KHUHLVQRFKDQJHWRWKHFDUU\LQJYDOXHRIWKHEDODQFHVDVDUHVXOWRIWKHUHFODVVLȴFDWLRQ

Re-measurement:
These adjustments, which include expected credit loss, result in a change to the carrying value of the item on the Statement of
Financial Position with an impact to shareholders’ equity net of tax.
Bank
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount Category
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial assets
Cash & cash equivalents 21.2 L&R 22,334,315 - (7,848) - 22,326,467 AC
Balances with Central Bank of Sri Lanka L&R 41,100,364 - - - 41,100,364 AC
Placements with banks 23.2 L&R 3,159,326 - (15,353) - 3,143,973 AC
Reverse repurchase agreements L&R 1,200,762 - - - 1,200,762 AC
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV HFT 496,918 - - - 496,918 )93/
Financial assets recognised through
SURȴWRUORVVPHDVXUHGDWIDLUYDOXH HFT 20,502,507 - - - 20,502,507 )93/
Loans to & receivables from banks 26.2 L&R 2,084,507 - (13,702) - 2,070,805 AC
Loans to & receivables from other
customers 27.3 L&R 560,798,940 - (1,852,928) - 558,946,012 AC
Other loans & receivables L&R 49,352,443 (49,352,443) - - n/a
To: Debt & other instruments A (49,352,443)
Debt & other instruments 28.4 n/a 49,352,443 (274,016) 49,078,427 AC
From: Other loans & receivables A 49,352,443
From: Financial assets - held to
maturity B - - - -
Financial assets - available for sale AFS 77,095,719 (77,095,719) - - n/a
7R)LQDQFLDODVVHWV)92&Ζ C (77,095,719) -
)LQDQFLDODVVHWV)92&Ζ n/a 77,095,719 - - 77,095,719 )92&Ζ
From: Financial asset - AFS C 77,095,719
Financial assets - held to maturity HTM - - n/a
To: Debt & other instruments B -
2WKHUȴQDQFLDODVVHWV L&R 4,123,185 - - - 4,123,185 AC
782,248,986 - (2,163,847) - 780,085,139

1RQȴQDQFLDODVVHWV
Investment in subsidiaries n/a 1,356,075 - - - 1,356,075 n/a
PPE & intangible assets n/a 8,216,787 - - - 8,216,787 n/a
2WKHUQRQȴQDQFLDODVVHWV n/a 3,280,278 - - - 3,280,278 n/a
12,853,140 - - - 12,853,140

Total Assets 795,102,126 - (2,163,847) - 792,938,279

SAMPATH SIMPLIFIED 235

NOTES TO THE
FINANCIAL STATEMENTS

6 TRANSITION DISCLOSURES CONTD.

Bank
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount Category
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial liabilities
Due to banks AC 4,743,748 - - - 4,743,748 AC
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV HFT 103,947 - - - 103,947 )93/
Securities sold under repurchase
agreements AC 4,386,335 - - - 4,386,335 AC
Due to other customers AC 625,814,313 - - - 625,814,313 AC
Debt issued & other borrowed funds AC 76,098,240 - - - 76,098,240 AC
Dividend payable AC 99,259 - - - 99,259 AC
2WKHUȴQDQFLDOOLDELOLWLHV D AC 8,262,267 - 789,085 - 9,051,352 AC
719,508,109 - 789,085 - 720,297,194

1RQȴQDQFLDOOLDELOLWLHV
Current tax liabilities n/a 5,527,323 - - - 5,527,323 n/a
Deferred tax liabilities E n/a 1,353,339 - - (826,821) 526,518 n/a
Other provisions n/a 1,583,558 - - - 1,583,558 n/a
2WKHUQRQȴQDQFLDOOLDELOLWLHV n/a 3,479,880 - - - 3,479,880 n/a
11,944,100 - - (826,821) 11,117,279

Total Liabilities 731,452,209 - 789,085 (826,821) 731,414,473

Bank
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Equity
Stated capital n/a 16,307,722 - - - 16,307,722
Reserves
Statutory reserve n/a 2,860,000 - - - 2,860,000
Other reserves n/a 38,409,796 - - - 38,409,796
Retained earnings F n/a 6,072,399 - - (2,126,111) 3,946,288
Total Equity 63,649,917 - - (2,126,111) 61,523,806

236 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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Group
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount Category
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial assets
Cash & cash equivalents 21.2 L&R 22,612,939 - (7,856) - 22,605,083 AC
Balances with Central Bank of Sri
Lanka L&R 41,100,364 - - - 41,100,364 AC
Placements with banks 23.2 L&R 3,225,025 - (15,373) - 3,209,652 AC
Reverse repurchase agreements L&R 2,392,852 - - - 2,392,852 AC
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV HFT 496,918 - - - 496,918 )93/
Financial assets recognised through
SURȴWRUORVVPHDVXUHGDWIDLU
value HFT 20,502,507 - - - 20,502,507 )93/
Loans to & receivables from banks 26.2 L&R 2,084,507 - (13,702) - 2,070,805 AC
Loans to & receivables from other
customers 27.3 L&R 586,370,704 - (1,931,577) - 584,439,127 AC
Other loans & receivables L&R 49,352,443 (49,352,443) - - n/a
To: Debt & other instruments A (49,352,443)
Debt & other instruments 28.4 n/a 49,364,871 (274,016) 49,090,855 AC
From: Other loans & receivables A 49,352,443
From: Financial assets - held to
maturity B 12,428
Financial assets - available for sale AFS 77,095,775 (77,095,775) - - n/a
7R)LQDQFLDODVVHWV)92&Ζ C (77,095,775)
)LQDQFLDODVVHWV)92&Ζ n/a 77,095,775 - - 77,095,775 )92&Ζ
From: Financial asset - AFS C 77,095,775
Financial assets - held to maturity HTM 12,428 (12,428) - - n/a
To: Debt & other instruments B (12,428)
2WKHUȴQDQFLDODVVHWV L&R 4,285,587 - (7,925) - 4,277,662 AC
809,532,049 - (2,250,449) - 807,281,600

1RQȴQDQFLDODVVHWV
Investment in subsidiaries n/a - - - - - n/a
PPE & intangible assets n/a 13,628,145 - - - 13,628,145 n/a
2WKHUQRQȴQDQFLDODVVHWV n/a 3,556,475 - - - 3,556,475 n/a
17,184,620 - - - 17,184,620

Total Assets 826,716,669 - (2,250,449) - 824,466,220

SAMPATH SIMPLIFIED 237

NOTES TO THE
FINANCIAL STATEMENTS

6 TRANSITION DISCLOSURES CONTD.

Group
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount Category

Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial liabilities
Due to banks AC 4,820,287 - - - 4,820,287 AC
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV HFT 103,947 - - - 103,947 )93/
Securities sold under repurchase
agreements AC 4,231,946 - - - 4,231,946 AC
Due to other customers AC 634,641,381 - - - 634,641,381 AC
Debt issued & other borrowed
funds AC 91,257,152 - - - 91,257,152 AC
Dividend payable AC 99,259 - - - 99,259 AC
2WKHUȴQDQFLDOOLDELOLWLHV D AC 8,780,888 - 789,085 - 9,569,973 AC
743,934,860 - 789,085 - 744,723,945

1RQȴQDQFLDOOLDELOLWLHV
Current tax liabilities n/a 5,630,670 - - - 5,630,670 n/a
Deferred tax liabilities E n/a 2,776,681 - - (851,070) 1,925,611 n/a
Other provisions n/a 1,634,367 - - - 1,634,367 n/a
2WKHUQRQȴQDQFLDOOLDELOLWLHV n/a 3,831,641 - - - 3,831,641 n/a
13,873,359 - - (851,070) 13,022,289

Total Liabilities 757,808,219 - 789,085 (851,070) 757,746,234

Group
As at 1st January 2018

Note LKAS 39 Measurement 5HFODVVLȴFDWLRQ Re-Measurement SLFRS 9

Category Amount ECL Other Amount

Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Equity
Stated capital n/a 16,307,722 - - - 16,307,722
Reserves
Statutory reserve n/a 2,973,000 - - - 2,973,000
Other reserves n/a 41,093,901 - - - 41,093,901
Retained earnings F n/a 8,533,827 - - (2,188,464) 6,345,363
Total Equity 68,908,450 - - (2,188,464) 66,719,986

 / 5/RDQV 5HFHLYDEOHV+)7+HOGIRU7UDGLQJ$)6$YDLODEOHIRU6DOH+70+HOGWR0DWXULW\)93/)DLU9DOXHWKURXJK3 /

)92&Ζ)DLU9DOXHWKURXJK2WKHU&RPSUHKHQVLYHΖQFRPHQD1RW$SSOLFDEOH

A. $VDW-DQXDU\ȴQDQFLDODVVHWVSUHYLRXVO\FODVVLȴHGDVRWKHUORDQVDQGUHFHLYDEOHVKDYHEHHQUHFODVVLȴHGDVGHEW RWKHU
instruments at amortised cost. These assets met the "Solely Payments of Principal and Interest" (SPPI) criterion. They were not
DFWLYHO\WUDGHGDQGKHOGZLWKWKHLQWHQWLRQWRFROOHFWFDVKȵRZVDQGZLWKRXWWKHLQWHQWLRQWRVHOO

B. As at 1 January 2018, the Group elected to classify its previous held to maturity portfolios as debt & other instruments measured
at amortised cost since these assets met the "Solely Payments of Principal and Interest" (SPPI) criterion.

C. )LQDQFLDODVVHWVSUHYLRXVO\FODVVLȴHGXQGHUDYDLODEOHIRUVDOHFDWHJRU\KDYHEHHQUHFODVVLȴHGDVȴQDQFLDODVVHWVIDLUYDOXHWKURXJK
RWKHUFRPSUHKHQVLYHLQFRPH)92&ΖXSRQDGRSWLRQRI6/)56

D. 7KHFDUU\LQJYDOXHRIRWKHUȴQDQFLDOOLDELOLWLHVFKDQJHGXQGHU6/)56GXHWRUHFRJQLWLRQRI(&/SURYLVLRQVIRUȴQDQFLDOJXDUDQWHHV
letter of credits, acceptances and other undrawn loan commitments (Note 46.2).

E. The impact of SLFRS 9 remeasurements on deferred tax is set out below under note F.

238 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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F. The Impact on Retained Earnings by Transition to SLFRS 9 is as follows,

Bank Group
Rs 000 Rs 000

Closing balance under LKAS 39 as at 31st December 2017 6,072,399 8,533,827

Re-measurement adjustments on adoption of SLFRS 9
Recognition of SLFRS 9 ECLs for loans and investments (2,952,932) (3,039,534)
Deferred tax on above 826,821 851,070
Total change in equity due to adoption of SLFRS 9 (2,126,111) (2,188,464)
Opening balance under SLFRS 9 as at 1st January 2018 3,946,288 6,345,363

The following table reconciles the aggregate opening credit loss provision under LKAS 39 to the impairment on ECL under SLFRS 9.

Bank

Note Loan Loss Re-measurement ECL Impairment

Provision under under
LKAS 39 as at SLFRS 9 as at
31st December 1st January 2018
2017
Rs 000 Rs 000 Rs 000

Cash & cash equivalents 21.2 - 7,848 7,848

Placements with banks 23.2 - 15,353 15,353
Financial assets at amortised cost
Loans to & receivables from banks 26.2 - 13,702 13,702
Loans to & receivables from other customers 27.3 8,643,307 1,852,928 10,496,235
Debt & other instruments 28.4 - 274,016 274,016
Credit related commitments & contingencies 46.2 - 789,085 789,085
8,643,307 2,952,932 11,596,239

Group

Note Loan Loss Re-measurement ECL Impairment

Provision under under
LKAS 39 as at SLFRS 9 as at
31st December 1st January 2018
2017
Rs 000 Rs 000 Rs 000

Cash & cash equivalents 21.2 - 7,856 7,856

Placements with banks 23.2 - 15,373 15,373
Financial assets at amortised cost
Loans to & receivables from banks 26.2 - 13,702 13,702
Loans to & receivables from other customers 27.3 9,316,243 1,931,577 11,247,820
Debt & other instruments 28.4 - 274,016 274,016
2WKHUȴQDQFLDODVVHWV - 7,925 7,925
Credit related commitments & contingencies 46.2 - 789,085 789,085
9,316,243 3,039,534 12,355,777

Impact on Capital Adequacy Ratio

As per the Directive No. 4 of 2018 issued by Central Bank of Sri Lanka on ‘Adoption of Sri Lanka Accounting Standard – SLFRS 9:
Financial Instruments’, for the purpose of calculating capital adequacy ratio, Banks shall stagger additional credit loss provision arising
IURP6/)56DWWKHWUDQVLWLRQGDWHVW-DQXDU\7KH%DQNKDVFKDUJHGRQO\RIWKHȴUVWGD\LPSDFW5V0QDJDLQVW
the Retained Earnings of the Bank for the purpose of calculating Capital Adequacy Ratio as at 31st December 2018. Due to this
adjustment, the total Tier I capital ratio and total Capital Ratio were decreased by 0.08%.

SAMPATH SIMPLIFIED 239

NOTES TO THE
FINANCIAL STATEMENTS

7 GROSS INCOME

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Interest income (Note 8.1) 97,934,195 79,624,760 103,832,591 83,909,371

Fee & commission income (Note 9.1) 11,605,802 9,504,988 11,918,205 9,776,971
Net trading (loss) / gain (Note 10) (2,268,614) 339,962 (2,268,614) 339,962
1HWJDLQIURPȴQDQFLDODVVHWV1RWH 160,526 145,012 160,766 145,192
Other operating income (Note 12) 7,878,342 2,975,063 8,240,887 3,268,724
115,310,251 92,589,785 121,883,835 97,440,220

8 NET INTEREST INCOME

ACCOUNTING POLICY

Recognition of Interest Income

8QGHUERWK6/)56DQG/.$6LQWHUHVWLQFRPHLVUHFRUGHGXVLQJWKHH΍HFWLYHLQWHUHVWUDWH(Ζ5PHWKRGIRUDOOȴQDQFLDO
LQVWUXPHQWVPHDVXUHGDWDPRUWLVHGFRVWDQGȴQDQFLDOLQVWUXPHQWVGHVLJQDWHGDW)93/ΖQWHUHVWLQFRPHRQLQWHUHVWEHDULQJ
ȴQDQFLDODVVHWVPHDVXUHGDW)92&ΖXQGHU6/)56VLPLODUO\WRLQWHUHVWEHDULQJȴQDQFLDODVVHWVFODVVLȴHGDVDYDLODEOHIRUVDOHRU
held to maturity under LKAS 39 is also recorded by using the EIR method. EIR is the rate that exactly discounts estimated future
FDVKUHFHLSWVWKURXJKWKHH[SHFWHGOLIHRIWKHȴQDQFLDOLQVWUXPHQWRUZKHQDSSURSULDWHDVKRUWHUSHULRGWRWKHQHWFDUU\LQJ
DPRXQWRIWKHȴQDQFLDODVVHW

EIR (and therefore, the amortised cost of the asset) is calculated by taking into account any discount or premium on acquisition,
fees and costs that are an integral part of the EIR. The Group recognises interest income using a rate of return that represents the
EHVWHVWLPDWHRIDFRQVWDQWUDWHRIUHWXUQRYHUWKHH[SHFWHGOLIHRIWKHORDQ+HQFHLWUHFRJQLVHVWKHH΍HFWRISRWHQWLDOO\GL΍HUHQW
interest rates charged at various stages, and other characteristics of the product life cycle (including prepayments, penalty interest
and charges).

ΖIH[SHFWDWLRQVUHJDUGLQJWKHFDVKȵRZVRQWKHȴQDQFLDODVVHWDUHUHYLVHGIRUUHDVRQVRWKHUWKDQFUHGLWULVNWKHDGMXVWPHQWLV
ERRNHGDVDSRVLWLYHRUQHJDWLYHDGMXVWPHQWWRWKHFDUU\LQJDPRXQWRIWKHDVVHWLQWKHVWDWHPHQWRIȴQDQFLDOSRVLWLRQZLWKDQ
increase or reduction in interest income. The adjustment is subsequently amortised through Interest and similar income in the
income statement.

:KHQDȴQDQFLDODVVHWEHFRPHVFUHGLWLPSDLUHG>DVVHWRXWLQ1RWHD@DQGLVWKHUHIRUHUHJDUGHGDVȆ6WDJHȇWKH*URXS
FDOFXODWHVLQWHUHVWLQFRPHE\DSSO\LQJWKHH΍HFWLYHLQWHUHVWUDWHWRWKHQHWDPRUWLVHGFRVWRIWKHȴQDQFLDODVVHWΖIWKHȴQDQFLDO
asset cures and is no longer credit-impaired, the Group reverts to calculating interest income on a gross basis.

ΖQWHUHVWLQFRPHRQDOOWUDGLQJDVVHWVDQGȴQDQFLDODVVHWVPDQGDWRULO\UHTXLUHGWREHPHDVXUHGDW)93/LVUHFRJQLVHGXVLQJWKH
contractual interest rate under net interest income.

240 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ѶĺƐ m|;u;v|m1ol;

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Placements with banks 201,789 272,610 202,772 274,346

)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHGDWIDLUYDOXH 2,193,623 5,250,735 2,193,623 5,250,735
Reverse repurchase agreements 61,413 311,833 194,788 437,791
Financial assets at amortised cost
Loans to & receivables from banks & other customers 83,493,724 67,895,051 89,247,316 72,048,822
Debt & other instruments 8,024,919 2,868,552 8,025,602 2,868,552
Interest income accrued on impaired loans & receivables (Note 27.3) 1,325,572 467,827 1,335,335 469,245
Financial assets - fair value through other comprehensive income 2,633,155 n/a 2,633,155 n/a
Financial assets - held to maturity n/a - n/a 1,728
Financial assets - available for sale n/a 2,558,152 n/a 2,558,152
97,934,195 79,624,760 103,832,591 83,909,371

ѶĺƑ m|;u;v|Šr;mv;

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Securities sold under repurchase agreements (Note 8.3) 599,736 764,116 572,252 751,216
Due to other customers 52,339,233 45,290,985 53,401,944 45,947,475
Term borrowings 2,110,358 1,757,441 3,779,296 3,138,385
5HȴQDQFHERUURZLQJV 526,745 415,810 526,745 415,810
Redeemable debentures (Note 38.1) 4,131,467 2,905,372 4,679,757 3,359,244
Finance leases 172,952 127,593 393 -
59,880,491 51,261,317 62,960,387 53,612,130
Net interest income 38,053,704 28,363,443 40,872,204 30,297,241

Ѷĺƒ ;|m|;u;v|m1ol;=uol"ub-mh-oˆ;uml;m|";1†ubঞ;v

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Interest income 12,009,537 10,072,260 12,143,595 10,199,946

Interest expense (Note 8.2) (599,736) (764,116) (572,252) (751,216)
Net interest income 11,409,801 9,308,144 11,571,343 9,448,730

ѶĺƓ oঞom-Ѵ$-Šu;7b|=ou)b|__oѴ7bm]$-Šomoˆ;uml;m|";1†ubঞ;vom";1om7-u‹-uh;|$u-mv-1ঞomv
Section 137 of the Inland Revenue Act No. 10 of 2006 provided that a company which derives interest income from the secondary
market transactions in government securities be entitled to a notional tax credit (being one ninth of the net interest income) provided
such interest income forms part of the statutory income of the company for that year of assessment.

Accordingly, net interest income earned from secondary market transactions in government securities up to 31st March 2018 by the
Bank & it’s subsidiaries has been grossed up in the Financial Statements and the resulting notional tax credit amounted to
Rs 43.38 Mn (for the year 2017: Rs 233.18 Mn) and Rs 47.90 Mn (for the year 2017: Rs 247.24 Mn) for the Bank and the Group
respectively. The Bank discontinued this practice after 31st March 2018, since similar provision is not available under the new Inland
Revenue Act No. 24 of 2017.

SAMPATH SIMPLIFIED 241

NOTES TO THE
FINANCIAL STATEMENTS

9 NET FEE AND COMMISSION INCOME

ACCOUNTING POLICY

Fee Income Earned from Services that are Provided over a Certain Period of Time
Fees earned for the provision of services over a period of time are accrued over that period. These fees include professional fees,
trade service fees, commission income and asset management fees etc. Loan commitment fees for loans that are likely to be
drawn down and other credit related fees are deferred (together with any incremental costs) and recognised as an adjustment to
WKHH΍HFWLYHLQWHUHVWUDWHRIWKHORDQ:KHQLWLVXQOLNHO\WKDWDORDQZLOOEHGUDZQGRZQWKHORDQFRPPLWPHQWIHHVDUHUHFRJQLVHG
over the commitment period on a straight line basis.

Fee Income from Providing Transaction Services

Fees arising from negotiating or participating in the negotiation of a transaction for a third party, such as the arrangement of an
acquisition of shares or other securities or the purchase or sale of businesses, are recognised on completion of the underlying
transaction. Fees or components of fees that are linked to a certain performance are recognised as the related services are
performed.

Expenses on Account of Customer Loyalty Programmes

$ZDUGFUHGLWVXQGHUFXVWRPHUOR\DOW\SURJUDPPHVDUHDFFRXQWHGIRUDVDVHSDUDWHO\LGHQWLȴDEOHFRPSRQHQWRIWKHWUDQVDFWLRQ
in which they are granted. The fair value of the consideration received in respect of the initial sale is allocated between the award
credits and the other components of the sale. Expense incurred for customer loyalty programmes is accounted under ‘Fee and
commission expense’.

Other Fee and Commission Expense

Other fee and commission expense relates mainly to transactions and services fees which are expensed as the services are
received. Fee and commission expenses are recognised on an accrual basis.

ƖĺƐ ;;-m7ollbvvbomm1ol;

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Trade related services 1,720,792 1,616,459 1,720,792 1,616,459

Foreign remittance related services 296,268 256,307 296,268 256,307
Credit & debit card services 4,516,289 3,344,987 4,516,289 3,344,987
2WKHUEDQNLQJ ȴQDQFLDOVHUYLFHV 5,072,453 4,287,235 5,384,856 4,559,218
11,605,802 9,504,988 11,918,205 9,776,971

ƖĺƑ ;;-m7ollbvvbomŠr;mv;

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Credit & debit card services 1,485,266 1,192,598 1,485,266 1,192,598

2WKHUEDQNLQJ ȴQDQFLDOVHUYLFHV 201,729 156,764 205,332 162,755
1,686,995 1,349,362 1,690,598 1,355,353
Net fee & commission income 9,918,807 8,155,626 10,227,607 8,421,618

242 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƐƏ $$! Ґ""ґņ

ACCOUNTING POLICY

Net trading loss / gain includes all gains and losses from changes in fair value, related derecognition gains / losses and dividend
IURPȴQDQFLDODVVHWVPHDVXUHGDWIDLUYDOXHWKURXJKSURȴWRUORVV'LYLGHQGLQFRPHLVUHFRJQLVHGZKHQWKH*URXSȇVULJKWWRUHFHLYH
WKHSD\PHQWLVHVWDEOLVKHG7KLVFDWHJRU\DOVRLQFOXGHVIRUHLJQH[FKDQJHGL΍HUHQFHVDULVLQJIURPGHULYDWLYHFRQWUDFWVZKLFKDUHQRW
designated as hedging instruments.

Bank & Group

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Forward exchange contract revaluation (loss)/gain

Inter bank (2,048,985) 313,411
Others (125,268) 33,299
Net mark to market loss-government securities & equity securities (162,585) (36,809)
Net gain on derecognition 63,910 24,118
Dividend income 4,314 5,943
(2,268,614) 339,962

11 NET GAIN ON FINANCIAL ASSETS

ACCOUNTING POLICY

1HWJDLQRQȴQDQFLDODVVHWVLQFOXGHGHUHFRJQLWLRQJDLQORVVDQGGLYLGHQGLQFRPHIURPȴQDQFLDODVVHWVWKURXJKRWKHU
FRPSUHKHQVLYHLQFRPHIURPDYDLODEOHIRUVDOHȴQDQFLDODVVHWVDQGȴQDQFLDODVVHWVPHDVXUHGDWDPRUWLVHGFRVW'LYLGHQG
income is recognised when the Group’s right to receive the payment is established.

Bank Group
For the year ended 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

'LYLGHQGLQFRPHIURPȴQDQFLDODVVHWV)92&Ζ 150,058 n/a 150,298 n/a

1HWJDLQRQGHUHFRJQLWLRQȴQDQFLDODVVHWV)92&Ζ 9,682 n/a 9,682 n/a
Net gain on derecognition-debt & other instruments 786 - 786 -
'LYLGHQGLQFRPHIURPȴQDQFLDODVVHWV$)6 n/a 145,012 n/a 145,192
160,526 145,012 160,766 145,192

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

SAMPATH SIMPLIFIED 243

NOTES TO THE
FINANCIAL STATEMENTS

12 OTHER OPERATING INCOME

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Exchange income
Inter bank (499,228) 902,571 (499,228) 902,571
Others 8,164,328 1,883,095 8,166,274 1,878,231
Dividend income from subsidiaries 91,990 90,977 - -
3URȴWORVVRQGLVSRVDORISURSHUW\SODQW HTXLSPHQW 522 (9,829) 1,287 (8,128)
Rental & other income 120,730 108,249 572,554 496,050
7,878,342 2,975,063 8,240,887 3,268,724

12.1 Exchange income represents both revaluation gain / (loss) on the Bank's net open position and realised exchange gain / (loss) on
foreign exchange contracts including the Bank's currency notes operation. Loss on forward exchange contracts amounting to
Rs 2,174.2 Mn (2017 : gain of Rs 346.7 Mn) is reported under Note 10, 'Net trading (loss)/gain' as required by the Sri Lanka Accounting
Standard SLFRS 9 (Financial Instruments). Accordingly total exchange income of the Bank / Group for the year ended 31st December
2018 amounted to Rs 5,490.8 Mn and Rs 5,492.8 Mn respectively (2017 : Bank Rs 3,132.4 Mn and Group Rs 3,127.5 Mn).

Ɛƒ !$!ņҐ!(!"ґ

Bank Group
For the year ended 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Cash & cash equivalents (Note 21.2) 10,352 n/a 10,347 n/a
Placements with banks (Note 23.2) (13,158) n/a (13,178) n/a
Financial assets at amortised cost
Loans to & receivables from banks (Note 26.2) (4,414) n/a (4,414) n/a
Loans to & receivables from other customers (Note 27.3) 10,559,504 2,312,833 11,410,250 2,551,876
Debt & other instruments (Note 28.4) 277,128 n/a 277,128 n/a
Investment in subsidiaries (Note 31.1) (1,605) 62,799 - -
Property plant & equipment (Note 32.3) - 161 - 161
Others - - 63,575 81,636
Credit related commitments & contingencies (Note 46.2) 395,002 n/a 395,002 n/a
11,222,809 2,375,793 12,138,710 2,633,673

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

244 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

14 PERSONNEL EXPENSES

ACCOUNTING POLICY

6KRUW7HUP(PSOR\HH%HQHȴWV
6KRUWWHUPHPSOR\HHEHQHȴWREOLJDWLRQVDUHPHDVXUHGRQDQXQGLVFRXQWHGEDVLVDQGDUHH[SHQVHGDVWKHUHODWHGVHUYLFHLV
SURYLGHG$OLDELOLW\LVUHFRJQLVHGIRUWKHDPRXQWH[SHFWHGWREHSDLGXQGHUVKRUWWHUPFDVKERQXVRUSURȴWVKDULQJSODQVLIWKH
Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and
the obligation can be estimated reliably.

'HȴQHG&RQWULEXWLRQ3ODQV
$GHȴQHGFRQWULEXWLRQSODQLVDSRVWHPSOR\PHQWEHQHȴWSODQXQGHUZKLFKDQHQWLW\SD\Vȴ[HGFRQWULEXWLRQVLQWRDVHSDUDWHHQWLW\
DIXQGDQGZLOOKDYHQROHJDORUFRQVWUXFWLYHREOLJDWLRQWRSD\IXUWKHUFRQWULEXWLRQVLIWKHIXQGGRHVQRWKROGVXɝFLHQWDVVHWVWR
SD\DOOHPSOR\HHEHQHȴWVUHODWLQJWRHPSOR\HHVHUYLFHVLQWKHFXUUHQWDQGSULRUSHULRGVDVGHȴQHGLQWKH6UL/DQND$FFRXQWLQJ
6WDQGDUG/.$6(PSOR\HH%HQHȴWV

7KHFRQWULEXWLRQSD\DEOHE\WKHHPSOR\HUWRDGHȴQHGFRQWULEXWLRQSODQLVLQSURSRUWLRQWRWKHVHUYLFHVUHQGHUHGWRWKH*URXSE\
the employees and is recorded as an expense under ‘Personnel expenses’ as and when they become due. Unpaid contributions
are recorded as a liability under ‘Other liabilities’ in Note 40.

The Group contributes 3% of the salary of each employee to the Employees’ Trust Fund. Further, the Subsidiary companies
FRQWULEXWHRQWKHVDODU\RIHDFKHPSOR\HHWRWKH(PSOR\HHVȇ3URYLGHQW)XQG7KHDERYHH[SHQVHVDUHLGHQWLȴHGDV
FRQWULEXWLRQVWRȊ'HȴQHG&RQWULEXWLRQ3ODQVȋDVGHȴQHGLQWKH6UL/DQND$FFRXQWLQJ6WDQGDUG/.$6(PSOR\HH%HQHȴWV

'HȴQHG%HQHȴW3ODQV
$GHȴQHGEHQHȴWSODQLVDSRVWHPSOR\PHQWEHQHȴWSODQRWKHUWKDQDGHȴQHGFRQWULEXWLRQSODQ$FFRUGLQJO\WKHSHQVLRQIXQG
VWD΍JUDWXLW\DQGWKH(PSOR\HHVȇ3URYLGHQW)XQGRIWKH%DQNZHUHFRQVLGHUHGDVGHȴQHGEHQHȴWSODQVDVSHU6UL/DQND$FFRXQWLQJ
6WDQGDUG/.$6(PSOR\HH%HQHȴWV

Pension Fund
The Bank has a pension fund for all members who joined the Bank for permanent employment before 1st June 2003. A member
is eligible for a monthly pension after attainment of 55 years of age and completion of 10 years uninterrupted service. The
%DQNPHDVXUHVWKHSUHVHQWYDOXHRIWKHSHQVLRQREOLJDWLRQZKLFKLVDGHȴQHGEHQHȴWSODQZLWKWKHDGYLFHRIDQLQGHSHQGHQW
professional actuary using the Projected Unit Credit (PUC) method as required by Sri Lanka Accounting Standard - LKAS 19
(PSOR\HH%HQHȴWV$QDFWXDULDOYDOXDWLRQLVFDUULHGRXWDWHYHU\\HDUHQGWRDVFHUWDLQWKHIXOOOLDELOLW\XQGHUWKH)XQG

7KH%DQNȇVREOLJDWLRQLQUHVSHFWRIGHȴQHGEHQHȴWSHQVLRQSODQLVFDOFXODWHGE\HVWLPDWLQJWKHDPRXQWRIIXWXUHEHQHȴWWKDW
HPSOR\HHVKDYHHDUQHGLQUHWXUQIRUWKHLUVHUYLFHLQWKHFXUUHQWDQGSULRUSHULRGVDQGGLVFRXQWLQJWKDWEHQHȴWWRGHWHUPLQHLWV
present value, then deducting the fair value of any plan assets to determine the net amount to be shown in the Statement of
)LQDQFLDO3RVLWLRQ7KHYDOXHRIDQ\GHȴQHGEHQHȴWDVVHWLVUHVWULFWHGWRWKHSUHVHQWYDOXHRIDQ\HFRQRPLFEHQHȴWVDYDLODEOHLQ
the form of refunds from the plan or reductions in the future contributions to the plan. In order to calculate the present value of
HFRQRPLFEHQHȴWVFRQVLGHUDWLRQLVJLYHQWRDQ\PLQLPXPIXQGLQJUHTXLUHPHQWVWKDWDSSO\WRDQ\SODQLQWKH%DQN$QHFRQRPLF
EHQHȴWLVDYDLODEOHWRWKH%DQNLILWLVUHDOLVDEOHGXULQJWKHOLIHRIWKHSODQRURQVHWWOHPHQWRIWKHSODQOLDELOLWLHV

7KH%DQNGHWHUPLQHVWKHQHWLQWHUHVWH[SHQVHLQFRPHRQWKHQHWGHȴQHGEHQHȴWOLDELOLW\DVVHWE\DSSO\LQJWKHGLVFRXQWUDWH

XVHGWRPHDVXUHWKHGHȴQHGEHQHȴWREOLJDWLRQDWWKHEHJLQQLQJRIWKHDQQXDOSHULRGWRWKHQHWGHȴQHGEHQHȴWOLDELOLW\DVVHWDW
the beginning of the annual period. The discount rate is the yield at the reporting date on government bonds (30 years) that have
maturity dates approximating to the terms of the Bank’s obligations.

The increase in the pension fund liabilities attributable to the services provided by employees, who are members of the Fund,
GXULQJWKH\HDUHQGHGVW'HFHPEHUFXUUHQWVHUYLFHFRVWKDVEHHQUHFRJQLVHGLQWKH6WDWHPHQWRI3URȴWRU/RVVXQGHU
‘Personnel expenses’ together with the net interest income / expense.

SAMPATH SIMPLIFIED 245

NOTES TO THE
FINANCIAL STATEMENTS

14 PERSONNEL EXPENSES CONTD.

The Bank recognises the total actuarial gain / loss that arise in calculating the Bank’s obligation in respect of a plan in other
comprehensive income during the period in which it occurs.

The demographic assumptions underlying the valuation are retirement age (55 yrs), early withdrawals from service and retirement
on medical grounds, death before and after retirement etc.

The assets of the fund are held separately from those of the Bank’s assets and are administered independently.

The Subsidiaries do not operate pension funds.

Gratuity
ΖQFRPSOLDQFHZLWKWKH*UDWXLW\$FW1RRISURYLVLRQLVPDGHLQWKHDFFRXQWVIURPWKHȴUVW\HDURIVHUYLFHIRUJUDWXLW\
payable to employees who joined the Bank on or after 1st June 2003, as they are not in pensionable service of the Bank.

3URYLVLRQLVQRWPDGHLQWKHDFFRXQWVIRUJUDWXLW\SD\DEOHWRHPSOR\HHVZKRMRLQHGSULRUWRVW-XQHDQGFRPSOHWHGȴYHRU
more years of continuous service, as the Bank has its own non-contributory pension scheme in force. However, if employees who
are eligible for pension resign before retirement age, the Bank is liable to pay gratuity to such employees.

An actuarial valuation is carried out at every year end to ascertain the full liability under gratuity.

The gratuity liability is not externally funded. All Subsidiary companies too carry out actuarial valuations to ascertain their respective
gratuity liabilities.

7KH*URXSGHWHUPLQHVWKHLQWHUHVWH[SHQVHRQWKLVGHȴQHGEHQHȴWOLDELOLW\E\DSSO\LQJWKHGLVFRXQWUDWHXVHGWRPHDVXUHWKH
GHȴQHGEHQHȴWOLDELOLW\DWWKHEHJLQQLQJRIWKHDQQXDOSHULRGWRWKHGHȴQHGEHQHȴWOLDELOLW\DWWKHEHJLQQLQJRIWKHDQQXDOSHULRG
The discount rate is the yield at the reporting date on government bonds (10 years) that have maturity dates approximating to the
terms of the Group’s obligations.

The increase in gratuity liabilities attributable to the services provided by employees during the year ended 31st December 2018
FXUUHQWVHUYLFHFRVWKDVEHHQUHFRJQLVHGLQWKH6WDWHPHQWRI3URȴWRU/RVVXQGHUȆ3HUVRQQHOH[SHQVHVȇWRJHWKHUZLWKWKHQHW
interest expense. The Group recognises the total actuarial gain / loss that arise in calculating the Group’s obligation in respect of
gratuity in other comprehensive income during the period in which it occurs.

The demographic assumptions underlying the valuation are retirement age (55 yrs), early withdrawals from service and retirement
on medical grounds etc.

Employees’ Provident Fund - Bank

Employees’ Provident Fund is an approved private provident fund which has been set up to meet the provident fund liabilities of
the Bank to which the Bank and employees contribute 12% and 8% respectively on the salary of each employee. Employees who
DUHPHPEHUVRIWKHIXQGHQWLWOHWRUHFHLYHLQWHUHVWDWDJXDUDQWHHGUDWHRI1DWLRQDO6DYLQJV%DQNRQH\HDUȴ[HGGHSRVLWUDWHQHW
RILQFRPHWD[RQWKHLUEDODQFHHYHQLIWKHIXQGHDUQVDORZHUUHWXUQIURPLWVLQYHVWPHQWLQDJLYHQȴQDQFLDO\HDU$FFRUGLQJO\WKLV
REOLJDWLRQZDVWUHDWHGDVDGHȴQHGEHQHȴWOLDELOLW\DQGDQDFWXDULDOYDOXDWLRQZDVFRQGXFWHGWRYDOXHWKH%DQNȇVREOLJDWLRQRQWKH
same.

Unutilised Accumulated Leave

The Bank’s liability towards the accumulated leave which is expected to be utilised beyond one year from the end of the reporting
SHULRGLVWUHDWHGDVRWKHUORQJWHUPHPSOR\HHEHQHȴWV7KH%DQNȇVQHWREOLJDWLRQWRZDUGVXQXWLOLVHGDFFXPXODWHGOHDYHLV
FDOFXODWHGE\GLVFRXQWLQJWKHDPRXQWRIIXWXUHEHQHȴWWKDWHPSOR\HHVKDYHHDUQHGLQUHWXUQIRUWKHLUVHUYLFHLQWKHFXUUHQWDQG
SULRUSHULRGVWRGHWHUPLQHWKHSUHVHQWYDOXHRIVXFKEHQHȴWV7KHGLVFRXQWUDWHLVWKH\LHOGDWWKHUHSRUWLQJGDWHRQJRYHUQPHQW
bonds that have maturity dates approximating to the terms of the Bank’s obligation. The calculation is performed using the
Projected Unit Credit method. Net change in liability for unutilised accumulated leave including any actuarial gain / (loss) is
UHFRJQLVHGLQWKH6WDWHPHQWRI3URȴWRU/RVVXQGHUȆ3HUVRQQHOH[SHQVHVȇLQWKHSHULRGLQZKLFKWKH\DULVH

The Group’s net obligation to pension fund, gratuity, EPF interest guarantee and unutilised accumulated annual leave is disclosed
under Note 41 to the Financial Statements.

Share Based Payment Transactions

The Group does not have any share based payment transactions in force as at 31st December 2018.

246 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Salaries & bonus 6,988,145 6,443,339 7,665,514 6,988,135

Contributions to EPF & ETF 689,771 607,797 750,677 661,565
Provision for gratuity & pension 480,246 337,199 497,781 350,383
Others 678,210 647,673 760,549 701,821
8,836,372 8,036,008 9,674,521 8,701,904

15 OTHER OPERATING EXPENSES

ACCOUNTING POLICY

Depreciation of Property, Plant and Equipment

The Group provides depreciation from the date the assets are available for use up to the date of disposal, at the following rates,
on a straight line basis, over the periods appropriate to the estimated useful lives, based on the pattern in which the asset’s future
HFRQRPLFEHQHȴWVDUHH[SHFWHGWREHFRQVXPHGE\WKH*URXS

Leased assets are depreciated over the shorter of the lease term and their useful lives unless it is reasonably certain that the
Group will obtain ownership by the end of the lease term.

Freehold lands are not depreciated.

'HSUHFLDWLRQRIDQDVVHWFHDVHVDWWKHHDUOLHURIWKHGDWHWKDWWKHDVVHWLVFODVVLȴHGDVKHOGIRUVDOHRUWKHGDWHWKDWWKHDVVHWLV
derecognised. Depreciation does not cease when the asset becomes idle or is retired from active use unless the asset is fully
depreciated.

Depreciation Rate per

Annum (%)
Asset Category 2018 2017

Freehold buildings 2.00 - 6.67 2.00 - 6.67

Improvements to leasehold properties 20.00 20.00 - 25.00
Computer equipment - Freehold 15.00 - 25.00 15.00 - 25.00
Computer equipment - Leasehold 16.67 - 33.33 25.00
Motor vehicles 12.50 - 20.00 12.50 - 20.00
2ɝFHHTXLSPHQW 2.50 - 25.00 2.50 - 25.00
)L[WXUHV ȴWWLQJV 12.50 - 20.00 12.50 - 20.00

Amortisation of Intangible Assets

ΖQWDQJLEOHDVVHWVH[FHSWIRUJRRGZLOODUHDPRUWLVHGRQDVWUDLJKWOLQHEDVLVLQWKH6WDWHPHQWRI3URȴWRU/RVVIURPWKHGDWHZKHQ
the asset is available for use, over the best estimate of its useful economic life, based on a pattern in which the asset’s economic
EHQHȴWVDUHFRQVXPHGE\WKH*URXS7KH*URXSDVVXPHVWKDWWKHUHLVQRUHVLGXDOYDOXHIRULWVLQWDQJLEOHDVVHWV

Amortisation Rate per

Annum (%)
Asset Category 2018 2017

Computer software 10.00 - 25.00 10.00 - 25.00

Licenses 5.00 - 20.00 5.00 - 20.00

Changes in Estimates
Depreciation / amortisation methods, useful lives and residual values are reassessed at each reporting date and adjusted if
DSSURSULDWH'XULQJWKH\HDUHQGHGVW'HFHPEHUWKH*URXSFRQGXFWHGDQRSHUDWLRQDOHɝFLHQF\UHYLHZDQGHVWLPDWHV
were revised accordingly.

SAMPATH SIMPLIFIED 247

NOTES TO THE
FINANCIAL STATEMENTS

15 OTHER OPERATING EXPENSES CONTD.

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Directors' fees & expenses 64,398 59,696 110,008 90,667

Auditors' remuneration (Note 15.1) 30,788 29,434 37,493 36,044
Professional & legal expenses 120,395 111,965 150,436 130,925
Depreciation of property, plant & equipment (Note 32) 777,000 719,548 1,106,881 1,014,533
Amortisation of intangible assets (Note 33) 322,898 173,415 343,492 182,317
Deposit insurance premium 606,197 661,192 618,190 669,227
Donations 3,838 2,417 4,838 2,417
Operating lease expenses 1,198,933 1,093,430 962,122 916,459
2ɝFHDGPLQLVWUDWLRQ HVWDEOLVKPHQWH[SHQVHV 3,448,844 3,132,404 3,675,612 3,228,713
Others expenses (Note 15.2) 3,897,253 2,898,978 4,140,376 3,046,241
10,470,544 8,882,479 11,149,448 9,317,543

ƐƔĺƐ †7b|ouvŝ!;l†m;u-ঞom

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Audit fees 10,843 10,843 13,733 13,874

Audit related fees & expenses 9,355 8,464 10,799 9,925
Non-audit expenses 10,590 10,127 12,961 12,245
30,788 29,434 37,493 36,044

15.2 Other expenses include advertising and business promotion expenses, credit card related expenses and other overhead expenses
incurred on day to day operations of the Bank / Group.

16 TAXES ON FINANCIAL SERVICES

ACCOUNTING POLICY

Value Added Tax (VAT)

9$7RQȴQDQFLDOVHUYLFHVLVFDOFXODWHGLQDFFRUGDQFHZLWK9DOXH$GGHG7D[9$7$FW1RRIDQGVXEVHTXHQWDPHQGPHQWV
WKHUHWR7KHEDVHIRUWKHFRPSXWDWLRQRIYDOXHDGGHGWD[RQȴQDQFLDOVHUYLFHVLVWKHDFFRXQWLQJSURȴWEHIRUH9$7DQGLQFRPH
WD[DGMXVWHGIRUWKHHFRQRPLFGHSUHFLDWLRQDQGHPROXPHQWVSD\DEOHWRHPSOR\HHVLQFOXGLQJFDVKEHQHȴWVQRQFDVKEHQHȴWV 
SURYLVLRQVUHODWLQJWRWHUPLQDOEHQHȴWV

Nation Building Tax (NBT)

1%7RQȴQDQFLDOVHUYLFHVLVFDOFXODWHGLQDFFRUGDQFHZLWK1DWLRQ%XLOGLQJ7D[1%7$FW1RRIDQGVXEVHTXHQW
DPHQGPHQWVWKHUHWRZLWKH΍HFWIURPVW-DQXDU\1%7RQȴQDQFLDOVHUYLFHVLVFDOFXODWHGEDVHGRQWKHYDOXHDGGLWLRQXVHGIRU
WKHSXUSRVHRI9$7RQȴQDQFLDOVHUYLFHV

Debt Repayment Levy (DRL)

$FFRUGLQJWRWKH)LQDQFH$FW1RRIHYHU\ȴQDQFLDOLQVWLWXWLRQVKDOOSD\RQWKHYDOXHDGGLWLRQDWWULEXWDEOHWRWKHVXSSO\
RIȴQDQFLDOVHUYLFHVE\VXFKLQVWLWXWLRQDV'5/ZLWKH΍HFWIURPVW2FWREHU'5/LVFDOFXODWHGEDVHGRQWKHYDOXHDGGLWLRQ
XVHGIRUWKHSXUSRVHRI9$7RQȴQDQFLDOVHUYLFHV

248 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

9DOXHDGGHGWD[ 3,811,809 3,599,030 4,037,464 3,800,159

Nation building tax 527,251 479,871 559,264 509,230
Debt repayment levy 523,981 - 552,078 -
4,863,041 4,078,901 5,148,806 4,309,389

17 INCOME TAX EXPENSE

ACCOUNTING POLICY

As per Sri Lanka Accounting Standard - LKAS 12 (Income Taxes), tax expense is the aggregate amount included in determination
RISURȴWRUORVVIRUWKHSHULRGLQUHVSHFWRIFXUUHQWDQGGHIHUUHGWD[DWLRQΖQFRPHWD[H[SHQVHLVUHFRJQLVHGLQWKH6WDWHPHQWRI
3URȴWRU/RVVH[FHSWWRWKHH[WHQWLWUHODWHVWRLWHPVUHFRJQLVHGGLUHFWO\LQHTXLW\RURWKHUFRPSUHKHQVLYHLQFRPHLQZKLFKFDVHLW
is recognised in equity or in other comprehensive income.

Current Taxation
Current tax assets and liabilities consist of amounts expected to be recovered from or paid to the Commissioner General of Inland
Revenue in respect of the current year, using the tax rates and tax laws enacted or substantively enacted on the reporting date and
any adjustment to tax payable in respect of prior years.

$FFRUGLQJO\SURYLVLRQIRUWD[DWLRQLVEDVHGRQWKHSURȴWIRUWKH\HDUDGMXVWHGIRUWD[DWLRQSXUSRVHVLQDFFRUGDQFHZLWKWKH
provisions of the Inland Revenue Act No. 10 of 2006 (prior to 31st March 2018) and the Inland Revenue Act No. 24 of 2017 (after
VW$SULODQGWKHDPHQGPHQWVWKHUHWRDWWKHUDWHVVSHFLȴHGLQ1RWH WRWKH)LQDQFLDO6WDWHPHQWV

Deferred Taxation
'HIHUUHGWD[LVSURYLGHGRQWHPSRUDU\GL΍HUHQFHVDWWKHUHSRUWLQJGDWHEHWZHHQWKHWD[EDVHVRIDVVHWVDQGOLDELOLWLHVDQGWKHLU
FDUU\LQJDPRXQWVIRUȴQDQFLDOUHSRUWLQJSXUSRVHVIRUDOO*URXSHQWLWLHV'HIHUUHGWD[OLDELOLWLHVDUHUHFRJQLVHGIRUDOOWD[DEOH
WHPSRUDU\GL΍HUHQFHVH[FHSW

y Where the deferred tax liability arises from the initial recognition of goodwill or of an asset or liability in a transaction that is
QRWDEXVLQHVVFRPELQDWLRQDQGDWWKHWLPHRIWKHWUDQVDFWLRQD΍HFWVQHLWKHUWKHDFFRXQWLQJSURȴWQRUWD[DEOHSURȴWRUORVV

y ΖQUHVSHFWRIWD[DEOHWHPSRUDU\GL΍HUHQFHVDVVRFLDWHGZLWKLQYHVWPHQWVLQ6XEVLGLDULHVZKHUHWKHWLPLQJRIWKHUHYHUVDORIWKH
WHPSRUDU\GL΍HUHQFHVFDQEHFRQWUROOHGDQGLWLVSUREDEOHWKDWWKHWHPSRUDU\GL΍HUHQFHVZLOOQRWUHYHUVHLQWKHIRUHVHHDEOH
future.

'HIHUUHGWD[DVVHWVDUHUHFRJQLVHGIRUDOOGHGXFWLEOHWHPSRUDU\GL΍HUHQFHVFDUULHGIRUZDUGXQXVHGWD[FUHGLWVDQGXQXVHG
WD[ORVVHVLIDQ\WRWKHH[WHQWWKDWLWLVSUREDEOHWKDWWD[DEOHSURȴWZLOOEHDYDLODEOHDJDLQVWZKLFKWKHGHGXFWLEOHWHPSRUDU\
GL΍HUHQFHVFDUULHGIRUZDUGXQXVHGWD[FUHGLWVDQGXQXVHGWD[ORVVHVFDQEHXWLOLVHGH[FHSW

y :KHUHWKHGHIHUUHGWD[DVVHWUHODWLQJWRWKHGHGXFWLEOHWHPSRUDU\GL΍HUHQFHVDULVLQJIURPWKHLQLWLDOUHFRJQLWLRQRIDQDVVHW
RUOLDELOLW\LQDWUDQVDFWLRQWKDWLVQRWDEXVLQHVVFRPELQDWLRQDQGDWWKHWLPHRIWKHWUDQVDFWLRQD΍HFWVQHLWKHUWKHDFFRXQWLQJ
SURȴWQRUWD[DEOHSURȴWRUORVV

y ΖQUHVSHFWRIGHGXFWLEOHWHPSRUDU\GL΍HUHQFHVDVVRFLDWHGZLWKLQYHVWPHQWVLQVXEVLGLDULHVGHIHUUHGWD[DVVHWVDUHUHFRJQLVHG
RQO\WRWKHH[WHQWWKDWLWLVSUREDEOHWKDWWKHWHPSRUDU\GL΍HUHQFHVZLOOUHYHUVHLQWKHIRUHVHHDEOHIXWXUHDQGWD[DEOHSURȴWZLOO
EHDYDLODEOHDJDLQVWZKLFKWKHWHPSRUDU\GL΍HUHQFHVFDQEHXWLOLVHG

SAMPATH SIMPLIFIED 249

NOTES TO THE
FINANCIAL STATEMENTS

17 INCOME TAX EXPENSE CONTD.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is probable
WKDWVXɝFLHQWWD[DEOHSURȴWZLOOEHDYDLODEOHWRDOORZWKHGHIHUUHGWD[DVVHWWREHXWLOLVHG8QUHFRJQLVHGGHIHUUHGWD[DVVHWVDUH
UHDVVHVVHGDWHDFKUHSRUWLQJGDWHDQGDUHUHFRJQLVHGWRWKHH[WHQWWKDWLWKDVEHFRPHSUREDEOHWKDWIXWXUHWD[DEOHSURȴWZLOODOORZ
the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or
the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

&XUUHQWDQGGHIHUUHGWD[DVVHWVDQGOLDELOLWLHVDUHR΍VHWRQO\WRWKHH[WHQWWKDWWKH\UHODWHWRLQFRPHWD[HVLPSRVHGE\WKHVDPH
taxation authority, there is a legal right and intentions to settle on a net basis and it is allowed under the tax law of the relevant
jurisdiction. Details of current tax liabilities / (receivables) and deferred tax liabilities / (assets) are given in Note 39 and 34 to the
Financial Statements respectively.

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Current tax expense

&XUUHQWWD[EDVHGRQSURȴWIRUWKH\HDU 8,425,713 5,596,868 8,600,997 5,775,580
Over provision in respect of previous years (Note 39.1) (265,666) (935,121) (269,822) (937,061)
Current tax expense (Note 17.1) 8,160,047 4,661,747 8,331,175 4,838,519
Deferred tax expense
Deferred tax (reversal) / charge (Note 34.1) (1,952,865) (159,942) (1,815,679) (10,791)
Income tax expense 6,207,182 4,501,805 6,515,496 4,827,728

(΍HFWLYHWD[UDWH 33.8% 27.1% 34.1% 27.6%

ƐƕĺƐ !;1om1bѴb-ঞomo=|_;11o†mঞm]uoC||o†uu;m|$-ŠŠr;mv;

Bank Group
For the year ended 31st December 2018 2017 2018 2017
% Rs 000 % Rs 000 % Rs 000 % Rs 000

3URȴWEHIRUHWD[ 18,349,999 16,605,925 19,121,365 17,510,228

7D[H΍HFWRQDFFRXQWLQJSURȴW
before tax 28.0 5,138,000 28.0 4,649,659 28.0 5,353,982 28.0 4,902,864
7D[H΍HFWRQWXUQRYHUOLDEOHIRU
income tax - - - - - 6,652 - 5,608

7D[H΍HFWRQ
Disallowable expenses 22.2 4,088,920 17.0 2,826,602 22.3 4,257,619 17.0 2,979,576
Tax deductible expenses (2.8) (519,026) (6.2) (1,033,391) (2.9) (566,502) (7.1) (1,236,274)
Exempt income (1.5) (282,181) (5.1) (846,002) (1.5) (282,181) (4.8) (846,002)
Income from other sources - - - - - 1,302 - 2,058
(OLPLQDWLRQRISURȴWOLDEOHIRU
turnover based tax - - - - (0.2) (41,217) (0.2) (31,530)
Tax losses - - - - (0.7) (128,658) - (720)
&XUUHQWWD[EDVHGRQSURȴWIRUWKH
year 45.9 8,425,713 33.7 5,596,868 45.0 8,600,997 33.0 5,775,580
Over provision in respect of previous
years (Note 39.1) (1.4) (265,666) (5.6) (935,121) (1.4) (269,822) (5.4) (937,061)
44.5 8,160,047 28.1 4,661,747 43.6 8,331,175 27.6 4,838,519

250 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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ƐƕĺƐĺƐ rrѴb1-0Ѵ;m1ol;$-Š!-|;v

Company 2018 2017

Sampath Bank PLC 28% 28%

Siyapatha Finance PLC 28% 28%
S C Securities (Pvt) Ltd 28% 28%
Sampath Information Technology Solutions Ltd 28% 28%

ƐƕĺƐĺƑm1ol;$-Šom"-lr-|_;m|u;|7    
Sampath Centre Ltd is a company approved under BOI Law and the company was exempted from income tax for a period of seven
\HDUVFRPPHQFLQJIURPWKHȴUVW\HDURIDVVHVVPHQW7KHȴUVW\HDURIDVVHVVPHQWLVWKH\HDULQZKLFKWKHFRPSDQ\FRPPHQFHG
PDNLQJSURȴWVLQUHODWLRQWRLWVWUDQVDFWLRQVLQWKDW\HDURUDQ\\HDURIDVVHVVPHQWQRWODWHUWKDQȴYH\HDUVIURPWKHGDWHRILWVȴUVW
commercial operations, whichever is earlier. Accordingly, Sampath Centre Ltd is liable for income tax at the rate of 2.0% of the rental
income commencing from the year of assessment 2006 / 2007. Income other than rental income is liable for tax of 28%.

18 EARNINGS PER SHARE

ACCOUNTING POLICY

The Group presents basic and diluted Earnings per Share (EPS) data for its ordinary shares. Basic EPS is calculated by dividing
WKHSURȴWRUORVVDWWULEXWDEOHWRRUGLQDU\HTXLW\VKDUHKROGHUVRIWKH%DQNE\WKHZHLJKWHGDYHUDJHQXPEHURIRUGLQDU\VKDUHV
RXWVWDQGLQJGXULQJWKHSHULRG'LOXWHG(36LVGHWHUPLQHGE\DGMXVWLQJERWKWKHSURȴWDWWULEXWDEOHWRWKHRUGLQDU\HTXLW\VKDUH
KROGHUVDQGWKHZHLJKWHGDYHUDJHQXPEHURIRUGLQDU\VKDUHVRXWVWDQGLQJIRUWKHH΍HFWVRIDOOGLOXWLYHSRWHQWLDORUGLQDU\VKDUHVLI
any.

ƐѶĺƐ -umbm]vr;u"_-u;Ĺ-vb1ņ bѴ†|;7

Bank Group
2018 2017 2018 2017

Amount used as the numerator

3URȴWDIWHUWD[IRUWKH\HDUDWWULEXWDEOHWRHTXLW\KROGHUV5V 12,142,817,150 12,104,120,350 12,605,868,595 12,682,500,228

No. of ordinary shares used as the denominator

Weighted average number of ordinary shares (Note 18.1.1) 269,072,907 215,896,655 269,072,907 215,896,655
Basic / diluted earnings per ordinary share (Rs) 45.13 56.06 46.85 58.74

SAMPATH SIMPLIFIED 251

NOTES TO THE
FINANCIAL STATEMENTS

18 EARNINGS PER SHARE CONTD.

ƐѶĺƐĺƐ );b]_|;7ˆ;u-];†l0;uo=u7bm-u‹"_-u;v=ou-vb1ņ bѴ†|;7"
Bank & Group

Outstanding No. of Shares Weighted Average No. of

Shares
2018 2017 2018 2017

Number of shares in issue as at 1st January 217,222,236 176,981,069 217,222,236 176,981,069

Add:
1XPEHURIVKDUHVLVVXHGGXHWRȴQDOVFULSGLYLGHQG - 9,209,419 - 9,209,419
Number of shares issued under rights issue 2017 - 31,031,748 - 9,203,251
1XPEHURIVKDUHVLVVXHGGXHWRȴQDOVFULSGLYLGHQG 13,551,804 - 13,551,804 13,551,804
Number of shares issued under rights issue 2018 50,128,208 - 38,298,867 6,951,112
Number of shares in issue / weighted average number of shares
as at 31st December 280,902,248 217,222,236 269,072,907 215,896,655

There have been no transactions involving ordinary shares or potential ordinary shares between the reporting date and the date of
WKHVHȴQDQFLDOVWDWHPHQWVDXWKRULVHGIRULVVXHZKLFKZRXOGUHTXLUHWKHUHVWDWHPHQWRI(36

252 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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19 DIVIDEND PAID AND PROPOSED

ACCOUNTING POLICY

3URYLVLRQIRUȴQDOGLYLGHQGDQGLQWHULPGLYLGHQGVFULSDUHUHFRJQLVHGDWWKHWLPHWKHGLYLGHQGLVUHFRPPHQGHGDQGGHFODUHGE\

the Board of Directors, and approved by the shareholders. However, interim cash dividend is recognised when the Board approves
such dividend in accordance with the Companies Act No. 7 of 2007.

2018 2017
Gross Dividend Net Gross Dividend Net
Dividend Tax Dividend Dividend Tax Dividend
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Final dividend paid for the years 2017 & 2016

respectively
Out of dividend received - free of tax 10,933 - 10,933 - - -
2XWRIQRUPDOSURȴW 4,587,494 642,249 3,945,245 884,405 88,441 795,964
Scrip / cash dividend paid 4,598,427 642,249 3,956,178 884,405 88,441 795,964
Dividend per Ordinary Share (Rs) 17.20 14.80 4.75 4.28

Interim dividend paid for the year 2016

Out of dividend received - free of tax - - - 37,832 - 37,832
2XWRIQRUPDOSURȴW - - - 2,439,902 243,990 2,195,912
Scrip dividend paid - - - 2,477,734 243,990 2,233,744
Dividend per Ordinary Share (Rs) - - - 14.00 12.62

Final dividend proposed for the years 2018 &

2017 (Note 19.1) respectively
Out of dividend received - free of tax 40,016 - 40,016 10,933 - 10,933
2XWRIQRUPDOSURȴW 4,524,646 633,450 3,891,196 4,587,494 642,249 3,945,245
Scrip / cash dividend payable 4,564,662 633,450 3,931,212 4,598,427 642,249 3,956,178
Dividend per Ordinary Share (Rs) 16.25 13.99 17.20 14.80

 o|;ƐƖĺƐ
 7KH%RDUGRI'LUHFWRUVRIWKH%DQNKDVUHFRPPHQGHGWKHSD\PHQWRIDȴQDOGLYLGHQGRI5VSHUVKDUHIRUWKH\HDUHQGHGVW
December 2018, a distribution of approximately Rs 4,564.7 Mn. This will be paid Rs 5.00 in the form of cash dividend and the balance
Rs 11.25 in the form of scrip dividend.

 o|;ƐƖĺƑ
 ΖQDFFRUGDQFHZLWK6UL/DQND$FFRXQWLQJ6WDQGDUG/.$6(YHQWVDIWHUWKH5HSRUWLQJ3HULRGDERYHSURSRVHGȴQDOGLYLGHQGKDVQRW
been recognised as a liability as at the year end. Necessary disclosures have been made under Note 49 to the Financial Statements,
"Events after the reporting period" as required by the said standard.

SAMPATH SIMPLIFIED 253

NOTES TO THE
FINANCIAL STATEMENTS

20 ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS

Financial instruments are measured on an ongoing basis either at fair value or at amortised cost. The Accounting Policies describe
KRZHDFKFDWHJRU\RIȴQDQFLDOLQVWUXPHQWLVPHDVXUHGDQGKRZLQFRPHDQGH[SHQVHVLQFOXGLQJIDLUYDOXHJDLQVDQGORVVHVDUH
UHFRJQLVHG7KHIROORZLQJWDEOHDQDO\VHVWKHFDUU\LQJDPRXQWVRIWKHȴQDQFLDOLQVWUXPHQWVE\FDWHJRU\DVGHȴQHGLQ6UL/DQND
$FFRXQWLQJ6WDQGDUG6/)56)LQDQFLDOΖQVWUXPHQWV>DVSHU6UL/DQND$FFRXQWLQJ6WDQGDUG/.$6)LQDQFLDOΖQVWUXPHQWV
Recognition and Measurement)] under the headings of the Statement of Financial Position.

ƑƏĺƐ m-Ѵ‹vbvo= bm-m1b-Ѵmv|u†l;m|v0‹;-v†u;l;m|-vbvŊ-mh

As at 31st December 2018

Note Fair value Amortised Cost Fair value Total
WKURXJK3URȴW through Other
or Loss Comprehensive
Income
Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 - 19,051,955 - 19,051,955
Balances with Central Bank of Sri Lanka 22 - 36,557,776 - 36,557,776
Placements with banks 23 - 8,746,926 - 8,746,926
Reverse repurchase agreements - 500,124 - 500,124
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 1,171,037 - - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 25 27,720,246 - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 26 - 1,644,405 - 1,644,405
Loans to & receivables from other customers 27 - 648,369,233 - 648,369,233
Debt & other instruments 28 - 121,105,392 - 121,105,392
Financial assets - fair value through other
comprehensive income 29 - - 27,517,305 27,517,305
Other assets - 5,434,982 - 5,434,982
Total Financial Assets 28,891,283 841,410,793 27,517,305 897,819,381

Financial Liabilities
Due to banks 36 - 8,901,463 8,901,463
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 2,952,319 - 2,952,319
Securities sold under repurchase agreements - 13,732,205 13,732,205
Due to other customers 37 - 690,378,552 690,378,552
Debt issued & other borrowed funds 38 - 89,948,406 89,948,406
Dividend payable - 97,462 97,462
Other liabilities - 8,390,901 8,390,901
Total Financial Liabilities 2,952,319 811,448,989 814,401,308

254 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƑƏĺƑ m-Ѵ‹vbvo= bm-m1b-Ѵmv|u†l;m|v0‹;-v†u;l;m|-vbvŊ-mh

As at 31st December 2017

Note Held for Amortised Held to Available for Total
Trading Cost Maturity Sale
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 - 22,334,315 - - 22,334,315
Balances with Central Bank of Sri Lanka 22 - 41,100,364 - - 41,100,364
Placements with banks 23 - 3,159,326 - - 3,159,326
Reverse repurchase agreements - 1,200,762 - - 1,200,762
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 496,918 - - - 496,918
Financial assets - held for trading 25 20,502,507 - - - 20,502,507
Loans to & receivables from banks 26 - 2,084,507 - - 2,084,507
Loans to & receivables from other customers 27 - 560,798,940 - - 560,798,940
Other loans & receivables 28 - 49,352,443 - - 49,352,443
Financial assets - available for sale 29 - - - 77,095,719 77,095,719
Financial assets - held to maturity 30 - - - - -
Other assets - 4,123,185 - - 4,123,185
Total Financial Assets 20,999,425 684,153,842 - 77,095,719 782,248,986

Financial Liabilities
Due to banks 36 - 4,743,748 4,743,748
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 103,947 - 103,947
Securities sold under repurchase agreements - 4,386,335 4,386,335
Due to other customers 37 - 625,814,313 625,814,313
Debt issued & other borrowed funds 38 - 76,098,240 76,098,240
Dividend payable - 99,259 99,259
Other liabilities - 8,262,267 8,262,267
Total Financial Liabilities 103,947 719,404,162 719,508,109

SAMPATH SIMPLIFIED 255

NOTES TO THE
FINANCIAL STATEMENTS

20 ANALYSIS OF FINANCIAL INSTRUMENTS BY MEASUREMENT BASIS CONTD.

ƑƏĺƒ m-Ѵ‹vbvo= bm-m1b-Ѵmv|u†l;m|v0‹;-v†u;l;m|-vbvŊuo†r

As at 31st December 2018

Note Fair value Amortised Cost Fair value Total
WKURXJK3URȴW through Other
or Loss Comprehensive
Income
Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 - 19,218,254 - 19,218,254
Balances with Central Bank of Sri Lanka 22 - 36,557,776 - 36,557,776
Placements with banks 23 - 8,746,926 - 8,746,926
Reverse repurchase agreements - 2,258,852 - 2,258,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 1,171,037 - - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 25 27,720,246 - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 26 - 1,644,405 - 1,644,405
Loans to & receivables from other customers 27 - 675,894,019 - 675,894,019
Debt & other instruments 28 - 121,109,711 - 121,109,711
Financial assets - fair value through other
comprehensive income 29 - - 27,517,361 27,517,361
Other assets - 5,845,058 - 5,845,058
Total Financial Assets 28,891,283 871,275,001 27,517,361 927,683,645

Financial Liabilities
Due to banks 36 - 8,964,857 8,964,857
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 2,952,319 - 2,952,319
Securities sold under repurchase agreements - 13,709,472 13,709,472
Due to other customers 37 - 699,661,040 699,661,040
Debt issued & other borrowed funds 38 - 106,373,545 106,373,545
Dividend payable - 97,462 97,462
Other liabilities - 8,523,975 8,523,975
Total Financial Liabilities 2,952,319 837,330,351 840,282,670

256 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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!"ş(!
FINANCIAL INFORMATION
"&$!+ !$

ƑƏĺƓ m-Ѵ‹vbvo= bm-m1b-Ѵmv|u†l;m|v0‹;-v†u;l;m|-vbvŊuo†r

As at 31st December 2017

Note Held for Amortised Held to Available for Total
Trading Cost Maturity Sale
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 - 22,612,939 - - 22,612,939
Balances with Central Bank of Sri Lanka 22 - 41,100,364 - - 41,100,364
Placements with banks 23 - 3,225,025 - - 3,225,025
Reverse repurchase agreements - 2,392,852 - - 2,392,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 496,918 - - - 496,918
Financial assets - held for trading 25 20,502,507 - - - 20,502,507
Loans to & receivables from banks 26 - 2,084,507 - - 2,084,507
Loans to & receivables from other customers 27 - 586,370,704 - - 586,370,704
Other loans & receivables 28 - 49,352,443 - - 49,352,443
Financial assets - available for sale 29 - - - 77,095,775 77,095,775
Financial assets - held to maturity 30 - - 12,428 - 12,428
Other assets - 4,285,587 - - 4,285,587
Total Financial Assets 20,999,425 711,424,421 12,428 77,095,775 809,532,049

Financial Liabilities
Due to banks 36 - 4,820,287 4,820,287
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 103,947 - 103,947
Securities sold under repurchase agreements - 4,231,946 4,231,946
Due to other customers 37 - 634,641,381 634,641,381
Debt issued & other borrowed funds 38 - 91,257,152 91,257,152
Dividend payable - 99,259 99,259
Other liabilities - 8,780,888 8,780,888
Total Financial Liabilities 103,947 743,830,913 743,934,860

SAMPATH SIMPLIFIED 257

NOTES TO THE
FINANCIAL STATEMENTS

21 CASH AND CASH EQUIVALENTS

ACCOUNTING POLICY

Cash and cash equivalents comprise cash in hand, balances with banks, money at call and short notice that are subject to an
LQVLJQLȴFDQWULVNRIFKDQJHVLQWKHLUYDOXH&DVKDQGFDVKHTXLYDOHQWVDUHFDUULHGDWDPRUWLVHGFRVWLQWKH6WDWHPHQWRI)LQDQFLDO
Position.

)RUWKHSXUSRVHRIWKH6WDWHPHQWRI&DVK)ORZVFDVKDQGFDVKHTXLYDOHQWVFRQVLVWRIFDVKDQGVKRUWWHUPGHSRVLWVDVGHȴQHG
DERYHSODFHPHQWVZLWKEDQNV>OHVVWKDQPRQWKV@1RWHQHWRIXQIDYRXUDEOHEDODQFHVZLWKORFDO IRUHLJQEDQNV1RWH

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Local currency in hand 11,815,990 11,664,978 11,975,847 11,937,788

Foreign currency in hand 3,195,258 2,967,552 3,195,258 2,967,552
Balances with local banks 135,845 319,606 142,290 325,420
Balances with foreign banks 3,798,032 5,329,492 3,798,032 5,329,492
Money at call & short notice 125,030 2,052,687 125,030 2,052,687
Gross cash & cash equivalents 19,070,155 22,334,315 19,236,457 22,612,939
Impairment for expected credit losses (Note 21.2) (18,200) n/a (18,203) n/a
Net cash & cash equivalents 19,051,955 22,334,315 19,218,254 22,612,939

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

ƑƐĺƐ m-Ѵ‹vbvo=-v_-m7-v_t†bˆ-Ѵ;m|v0-v;7omŠrov†u;|ou;7b|!bvh

Bank
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Balances with local banks 135,845 - - 135,845

Balances with foreign banks 3,559,136 238,896 - 3,798,032
Money at call & short notice - 125,030 - 125,030
3,694,981 363,926 - 4,058,907
Impairment for expected credit losses (1,015) (17,185) - (18,200)
3,693,966 346,741 - 4,040,707

Group
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Balances with local banks 142,290 - - 142,290

Balances with foreign banks 3,559,136 238,896 - 3,798,032
Money at call & short notice - 125,030 - 125,030
3,701,426 363,926 - 4,065,352
Impairment for expected credit losses (1,018) (17,185) - (18,203)
3,700,408 346,741 - 4,047,149

258 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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Bank Group
2018 2018
Rs 000 Rs 000

Balance as at 1st January 7,848 7,856

Net charge for the year (Note 13) 10,352 10,347
$PRXQWVZULWWHQR΍GXULQJWKH\HDU - -
2WKHUDGMXVWPHQWVLQFOXGLQJH[FKDQJHUDWHGL΍HUHQFHV - -
Balance as at 31st December 18,200 18,203

22 BALANCES WITH CENTRAL BANK OF SRI LANKA

ACCOUNTING POLICY

As required by the provisions of Section 93 of the Monetary Law Act, a cash balance is maintained with the Central Bank of Sri
Lanka. As at 31st December 2018, the minimum cash reserve requirement was 6% (2017: 7.5%) of the rupee deposit liabilities.
There is no reserve requirement for foreign currency deposit liabilities of the Domestic Banking Unit (DBU) and the deposit
liabilities of the Foreign Currency Banking Unit (FCBU).

Balance with Central Bank of Sri Lanka are carried at amortised cost in the Statement of Financial Position.

Bank & Group

As at 31st December 2018 2017

Rs 000 Rs 000

Statutory reserve requirement 36,557,776 41,100,364

36,557,776 41,100,364

23 PLACEMENTS WITH BANKS

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Maturity less than three months

Placements - in Sri Lanka 1,831,347 76,750 1,831,347 142,449
Placements - out side Sri Lanka 6,917,774 3,082,576 6,917,774 3,082,576
Gross placements with banks 8,749,121 3,159,326 8,749,121 3,225,025
Impairment for expected credit losses (Note 23.2) (2,195) n/a (2,195) n/a
Net placements with banks 8,746,926 3,159,326 8,746,926 3,225,025

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

SAMPATH SIMPLIFIED 259

NOTES TO THE
FINANCIAL STATEMENTS

23 PLACEMENTS WITH BANKS CONTD.

ƑƒĺƐ m-Ѵ‹vbvo=Ѵ-1;l;m|v‰b|_-mhv0-v;7omŠrov†u;|ou;7b|!bvh
Bank & Group
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Placements - in Sri Lanka 1,831,347 - - 1,831,347

Placements - out side Sri Lanka 6,917,774 - - 6,917,774
8,749,121 - - 8,749,121
Impairment for expected credit losses (2,195) - - (2,195)
8,746,926 - - 8,746,926

ƑƒĺƑ lr-bul;m|=ouŠr;1|;7u;7b|ovv;vŊѴ-1;l;m|v‰b|_-mhv

Bank Group
2018 2018
Rs 000 Rs 000

Balance as at 1st January 15,353 15,373

Net reversal for the year (Note 13) (13,158) (13,178)
$PRXQWVZULWWHQR΍GXULQJWKH\HDU - -
2WKHUDGMXVWPHQWVLQFOXGLQJH[FKDQJHUDWHGL΍HUHQFHV - -
Balance as at 31st December 2,195 2,195

24 DERIVATIVE FINANCIAL INSTRUMENTS

ACCOUNTING POLICY

'HULYDWLYHVDUHȴQDQFLDOLQVWUXPHQWVWKDWGHULYHWKHLUYDOXHLQUHVSRQVHWRFKDQJHVLQLQWHUHVWUDWHVȴQDQFLDOLQVWUXPHQWSULFHV
commodity prices, foreign exchange rates etc. Derivatives are categorised as trading unless they are designated as hedging
instruments.

7KHWDEOHEHORZVKRZVWKHIDLUYDOXHVRIGHULYDWLYHȴQDQFLDOLQVWUXPHQWVRIWKH%DQN*URXSUHFRUGHGDVDVVHWVRUOLDELOLWLHV
together with their notional amounts. The notional amounts indicate the volume of transactions outstanding at the year end and
are indicative of neither the market risk nor the credit risk.

Bank & Group

As at 31st December 2018 2017

Assets Liabilities Notional Assets Liabilities Notional
Amount Amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Forward exchange contracts

Sales 5,627 441,476 14,930,010 68,278 35,093 10,552,488
Purchases 41,469 6,601 5,810,937 24,973 13,318 4,869,342
Currency SWAPS
Sales 1,465 2,496,753 38,015,333 367,245 6,708 29,964,055
Purchases 1,122,476 7,489 30,077,067 36,422 48,828 15,822,929
1,171,037 2,952,319 88,833,347 496,918 103,947 61,208,814

260 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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FINANCIAL INFORMATION
"&$!+ !$

ƑƔ ""$"!" $!&! $!""҃"&! $ !(&

Bank & Group

As at 31st December 2018 2017

Rs 000 Rs 000

Government securities - treasury bills (Note 25.1) 27,647,228 20,413,198

Quoted equity securities (Note 25.2) 73,018 89,309
27,720,246 20,502,507

ƑƔĺƐ oˆ;uml;m|";1†ubঞ;vŊ$u;-v†u‹bѴѴv
Bank & Group

As at 31st December 2018 2017

Rs 000 Rs 000

Amortised cost 27,760,459 20,383,081

Gain from mark to market valuation as at 1st January 30,117 54,572

Movement during the year (143,348) (24,455)
(Loss) / gain from mark to market valuation as at 31st December (113,231) 30,117
Market value 27,647,228 20,413,198

ƑƔĺƑ †o|;7t†b|‹";1†ubঞ;v

Bank & Group

As at 31st December 2018 2017

No. of Cost of Market No. of Cost of Market
Ordinary Investment Value Ordinary Investment Value
Shares Rs 000 Rs 000 Shares Rs 000 Rs 000

Name of the Company

Banks, Finance & Insurance
National Development Bank PLC 644,595 114,383 68,843 622,884 111,437 84,961
114,383 68,843 111,437 84,961

'LYHUVLȴHG+ROGLQJV
9DOOLEHO2QH3/& 245,600 6,140 4,175 245,600 6,140 4,348
6,140 4,175 6,140 4,348
Total 120,523 73,018 117,577 89,309

Loss from mark to market valuation as at

1st January (28,268) (15,914)
Movement during the year (19,237) (12,354)
Loss from mark to market valuation as at
31st December (47,505) (28,268)
Market value 73,018 89,309

The Bank pledges assets that are in its Statement of Financial Position in day to day transaction which are conducted under the usual
terms and conditions applying such agreements. The Bank has pledged the investments in government securities held for trading
purposes against securities sold under repurchase agreements. Market value of the pledged and unencumbered securities are
separately given in Note 25.3.

SAMPATH SIMPLIFIED 261

NOTES TO THE
FINANCIAL STATEMENTS

ƑƔ ""$"!" $!&! $!""҃"&! $ !(&$ ĺ
ƑƔĺƒ m-Ѵ‹vbvo= bm-m1b-Ѵvv;|v!;1o]mbv;7|_uo†]_uoC|ouovvŊ;-v†u;7-| -bu(-Ѵ†;

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

By collateralisation
Pledged as collateral 1,341,243 591,886 1,326,371 524,850
Unencumbered 26,379,003 19,910,621 26,393,875 19,977,657
Gross Total 27,720,246 20,502,507 27,720,246 20,502,507

By currency
Sri Lankan Rupee 27,720,246 20,502,507 27,720,246 20,502,507
Other currency - - - -
Gross Total 27,720,246 20,502,507 27,720,246 20,502,507

26 LOANS TO AND RECEIVABLES FROM BANKS

Bank & Group

As at 31st December 2018* 2017

Rs 000 Rs 000

Gross loans to & receivables from banks 1,653,693 2,084,507

Impairment for expected credit losses (Note 26.2) (9,288) n/a
Net loans to & receivables from banks 1,644,405 2,084,507

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

ƑѵĺƐ m-Ѵ‹vbvo=o-mv|o-m7!;1;bˆ-0Ѵ;v=uol-mhv0-v;7omŠrov†u;|ou;7b|!bvh

Bank & Group
 v-|ƒƐv| ;1;l0;uƑƏƐѶ

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Leasing 7,827 - - 7,827

Term loans 488,304 935,374 - 1,423,678
Overdrafts 222,188 - - 222,188
Gross loans to & receivables from banks 718,319 935,374 - 1,653,693
Impairment for expected credit losses (1,275) (8,013) - (9,288)
Net loans to & receivables from banks 717,044 927,361 1,644,405

ƑѵĺƑ lr-bul;m|=ouŠr;1|;7u;7b|ovv;vŊo-mv|o-m7!;1;bˆ-0Ѵ;v=uol-mhv

Bank & Group

2018
Rs 000

Balance as at 1st January 13,702

Net reversal for the year (Note 13) (4,414)
$PRXQWVZULWWHQR΍GXULQJWKH\HDU -
2WKHUDGMXVWPHQWVLQFOXGLQJH[FKDQJHUDWHGL΍HUHQFHV -
Balance as at 31st December 9,288

262 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

Ƒƕ "$ş!(" !$!&"$!"

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Gross loans & receivables (Note 27.1) 668,654,790 569,442,247 697,771,969 595,686,947
Impairment for expected credit losses (Note 27.3) (20,285,557) (8,643,307) (21,877,950) (9,316,243)
Net loans & receivables 648,369,233 560,798,940 675,894,019 586,370,704

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

ƑƕĺƐ uovvo-mv|oş!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uv0‹uo7†1|Ĺ

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 % Rs 000 % Rs 000 % Rs 000 %

Bills of exchange 4,501,884 0.67 3,240,461 0.57 4,501,884 0.64 3,240,461 0.55
Leasing (Note 27.5) 23,761,162 3.55 20,890,560 3.67 50,117,010 7.18 41,141,068 6.91
Housing loans 38,000,952 5.68 32,275,877 5.67 38,000,952 5.45 32,275,877 5.42
Export loans 24,087,418 3.60 24,237,483 4.26 24,087,418 3.45 24,237,483 4.07
Import loans 79,986,170 11.97 59,859,744 10.51 78,657,321 11.27 59,830,438 10.05
5HȴQDQFHORDQV 11,823,708 1.77 8,162,888 1.43 11,823,708 1.69 8,162,888 1.37
Term loans 321,312,357 48.06 265,959,814 46.70 323,077,184 46.31 269,431,823 45.21
Hire purchase (Note 27.6) 65,187 0.01 208,596 0.04 177,932 0.03 530,795 0.09
Loans against investment fund
account (IFA) 203,496 0.03 400,026 0.07 203,496 0.03 400,417 0.07
Overdraft 100,250,702 14.99 103,118,503 18.10 100,173,686 14.36 103,047,002 17.30
6WD΍ORDQV 7,222,389 1.08 6,094,953 1.07 7,370,093 1.06 6,189,519 1.04
Pawning 24,933,516 3.73 19,665,969 3.45 24,933,516 3.57 19,665,969 3.30
Credit cards 14,403,079 2.15 11,050,973 1.94 14,403,079 2.06 11,050,973 1.86
Money market loans 13,348,788 2.00 10,186,376 1.79 13,348,788 1.91 10,186,376 1.71
Factoring 4,546,580 0.68 3,911,169 0.69 6,497,089 0.93 5,970,574 1.00
Others 207,402 0.03 178,855 0.04 398,813 0.06 325,284 0.05
Gross loans & receivables 668,654,790 100.00 569,442,247 100.00 697,771,969 100.00 595,686,947 100.00

SAMPATH SIMPLIFIED 263

NOTES TO THE
FINANCIAL STATEMENTS

Ƒƕ "$ş!(" !$!&"$!"$ ĺ

ƑƕĺƑ m-Ѵ‹vbvo=o-mv|o-m7!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uv-v;7om|_;Šrov†u;|ou;7b|!bvh
Bank
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Individually impaired loans - - 26,774,679 26,774,679

Loans subjected to collective impairment
Term loans 250,792,267 40,905,683 9,294,555 300,992,505
Overdrafts 86,094,718 12,444,188 3,034,961 101,573,867
Import loans 72,403,269 4,662,834 875,639 77,941,742
Others 148,300,958 9,829,577 3,241,462 161,371,997
Gross loans to & receivables from other customers 557,591,212 67,842,282 43,221,296 668,654,790
Impairment for expected credit losses (2,901,724) (2,097,246) (15,286,587) (20,285,557)
Net loans to & receivables from other customers 554,689,488 65,745,036 27,934,709 648,369,233

Group
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Individually impaired loans - - 29,024,300 29,024,300

Loans subjected to collective impairment
Term loans 250,509,439 42,188,098 10,002,182 302,699,719
Overdrafts 86,017,702 12,444,188 3,034,961 101,496,851
Import loans 71,074,419 4,662,834 875,639 76,612,892
Others 164,998,689 16,669,085 6,270,433 187,938,207
Gross loans to & receivables from other customers 572,600,249 75,964,205 49,207,515 697,771,969
Impairment for expected credit losses (2,967,544) (2,206,593) (16,703,813) (21,877,950)
Net loans to & receivables from other customers 569,632,705 73,757,612 32,503,702 675,894,019

264 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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FINANCIAL INFORMATION
"&$!+ !$

Ƒƕĺƒ lr-bul;m|=ouu;7b|ovv;vŊo-mv|o-m7!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uv

Bank Group
Individual Collective Total Individual Collective Total
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 3,385,046 4,341,320 7,726,366 3,473,520 4,688,157 8,161,677
1HWFKDUJHWRSURȴWRUORVV1RWH 1,357,566 955,267 2,312,833 1,429,271 1,122,605 2,551,876
:ULWHR΍GXULQJWKH\HDU (1,047,867) (67,809) (1,115,676) (1,047,867) (67,809) (1,115,676)
Interest income accrued on impaired loans
& receivables (Note 8.1) (467,827) - (467,827) (469,245) - (469,245)
Other movements 194,156 (6,545) 187,611 194,156 (6,545) 187,611
Balance as at 31st December 2017 3,421,074 5,222,233 8,643,307 3,579,835 5,736,408 9,316,243
Impact on adoption of SLFRS 9 as at
1st January 2018 (Note 6) - 1,852,928 1,852,928 - 1,931,577 1,931,577
Balance as at 1st January 2018 (SLFRS 9) 3,421,074 7,075,161 10,496,235 3,579,835 7,667,985 11,247,820
1HWFKDUJHWRSURȴWRUORVV1RWH 6,154,919 4,404,585 10,559,504 6,594,247 4,816,003 11,410,250
:ULWHR΍GXULQJWKH\HDU (123,521) (155,494) (279,015) (123,696) (155,494) (279,190)
Interest income accrued on impaired loans
& receivables (Note 8.1) (1,325,572) - (1,325,572) (1,335,335) - (1,335,335)
Other movements 798,368 36,037 834,405 798,368 36,037 834,405
Balance as at 31st December 2018 8,925,268 11,360,289 20,285,557 9,513,419 12,364,531 21,877,950

ƑƕĺƓ oˆ;l;m|bmlr-bul;m|=ouŠr;1|;7u;7b|ovv;v-v;7omŠrov†u;|ou;7b|!bvh

A further analysis of the impairment for expected credit losses, based on the staging of the underlying loans is given below.
Bank

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2018 2,393,760 1,459,207 6,643,268 10,496,235

1HWFKDUJHWRSURȴWRUORVV1RWH 507,964 638,039 9,413,501 10,559,504
:ULWHR΍GXULQJWKH\HDU - - (279,015) (279,015)
Interest income accrued on impaired loans &
receivables (Note 8.1) - - (1,325,572) (1,325,572)
Other movements - - 834,405 834,405
Balance as at 31st December 2018 2,901,724 2,097,246 15,286,587 20,285,557

Group

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2018 2,479,203 1,542,646 7,225,971 11,247,820

1HWFKDUJHWRSURȴWRUORVV1RWH 488,341 663,947 10,257,962 11,410,250
:ULWHR΍GXULQJWKH\HDU - - (279,190) (279,190)
Interest income accrued on impaired loans &
receivables (Note 8.1) - - (1,335,335) (1,335,335)
Other movements - - 834,405 834,405
Balance as at 31st December 2018 2,967,544 2,206,593 16,703,813 21,877,950

SAMPATH SIMPLIFIED 265

NOTES TO THE
FINANCIAL STATEMENTS

Ƒƕ "$ş!(" !$!&"$!"$ ĺ

ƑƕĺƔ ;-vbm]

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total lease rentals receivable 29,173,062 25,336,431 64,363,446 52,474,737

Unearned lease interest income (5,411,900) (4,445,871) (14,246,436) (11,333,669)
Gross lease receivable 23,761,162 20,890,560 50,117,010 41,141,068
Impairment for expected credit losses (315,688) (372,386) (1,065,259) (749,558)
Net lease receivable 23,445,474 20,518,174 49,051,751 40,391,510

Gross lease receivable within one year (Note 27.5.1) 9,116,778 7,614,872 18,296,126 14,078,786
Gross lease receivable after one year (Note 27.5.2) 14,644,384 13,275,688 31,820,884 27,062,282
23,761,162 20,890,560 50,117,010 41,141,068

ƑƕĺƔĺƐ ;-v;!;1;bˆ-0Ѵ;‰b|_bmm;+;-u

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total lease rentals receivable within one year

from reporting date 11,799,069 9,827,350 24,936,944 19,388,045
Unearned lease interest income (2,682,291) (2,212,478) (6,640,818) (5,309,259)
Gross lease receivable within one year (Note 27.5) 9,116,778 7,614,872 18,296,126 14,078,786
Impairment for expected credit losses (121,124) (139,053) (470,661) (331,080)
Net lease receivable within one year 8,995,654 7,475,819 17,825,465 13,747,706

ƑƕĺƔĺƑ ;-v;!;1;bˆ-0Ѵ;-[;um;+;-u

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total lease rentals receivable after one year

from reporting date 17,373,993 15,509,081 39,426,502 33,086,692
Unearned lease interest income (2,729,609) (2,233,393) (7,605,618) (6,024,410)
Gross lease receivable after one year (Note 27.5) 14,644,384 13,275,688 31,820,884 27,062,282
Impairment for expected credit losses (194,564) (233,333) (594,598) (418,478)
Net lease receivable after one year 14,449,820 13,042,355 31,226,286 26,643,804

266 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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FINANCIAL INFORMATION
"&$!+ !$

Ƒƕĺѵ bu;†u1_-v;

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total hire purchase rentals receivable 71,147 233,933 186,898 583,697

Unearned hire purchase interest income (5,960) (25,337) (8,966) (52,902)
Gross hire purchase receivable 65,187 208,596 177,932 530,795
Impairment for expected credit losses (866) (12,294) (65,306) (82,750)
Net hire purchase receivable 64,321 196,302 112,626 448,045

Gross hire purchase receivable within one year (Note 27.6.1) 54,951 125,696 162,964 386,000
Gross hire purchase receivable after one year (Note 27.6.2) 10,236 82,900 14,968 144,795
65,187 208,596 177,932 530,795

ƑƕĺѵĺƐ bu;†u1_-v;!;1;bˆ-0Ѵ;‰b|_bmm;+;-u

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total hire purchase rentals receivable within

one year from reporting date 60,275 144,319 170,657 428,685
Unearned hire purchase interest income (5,324) (18,623) (7,693) (42,685)
Gross hire purchase receivable within one year (Note 27.6) 54,951 125,696 162,964 386,000
Impairment for expected credit losses (730) (7,408) (63,022) (69,800)
Net hire purchase receivable within one year 54,221 118,288 99,942 316,200

ƑƕĺѵĺƑ bu;†u1_-v;!;1;bˆ-0Ѵ;-[;um;+;-u

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Total hire purchase rentals receivable after

one year from reporting date 10,872 89,614 16,241 155,012
Unearned hire purchase interest income (636) (6,714) (1,273) (10,217)
Gross hire purchase receivable after one year (Note 27.6) 10,236 82,900 14,968 144,795
Impairment for expected credit losses (136) (4,886) (2,284) (12,950)
Net hire purchase receivable after one year 10,100 78,014 12,684 131,845

Ƒƕĺƕ o-mv|o-m7!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uvŊ0‹†uu;m1‹

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Sri Lankan Rupee 579,364,125 497,566,860 608,481,304 523,811,560

United States Dollar 84,106,682 67,740,371 84,106,682 67,740,371
Euro 3,717,801 2,747,877 3,717,801 2,747,877
Great Britain Pounds 1,354,721 947,625 1,354,721 947,625
Australian Dollar 99,756 439,514 99,756 439,514
Japanese Yen 6,332 - 6,332 -
Singapore Dollar 5,373 - 5,373 -
Gross loans to & receivables from other customers 668,654,790 569,442,247 697,771,969 595,686,947

SAMPATH SIMPLIFIED 267

NOTES TO THE
FINANCIAL STATEMENTS

Ƒƕ "$ş!(" !$!&"$!"$ ĺ

ƑƕĺѶ o-mv|o-m7!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uvŊ0‹uo7†1|-m7†uu;m1‹

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 % Rs 000 % Rs 000 % Rs 000 %

By Product - LKR
Bills of exchange 1,542,158 0.23 583,061 0.10 1,542,158 0.22 583,061 0.10
Leasing 23,761,162 3.55 20,890,560 3.67 50,117,010 7.18 41,141,068 6.91
Housing loans 36,971,911 5.53 31,665,910 5.56 36,971,911 5.30 31,665,910 5.32
Export loans 2,499,757 0.37 970,206 0.17 2,499,757 0.36 970,206 0.16
Import loans 74,195,127 11.10 55,112,266 9.68 72,866,278 10.44 55,082,960 9.25
5HȴQDQFHORDQV 11,823,708 1.77 8,162,888 1.43 11,823,708 1.69 8,162,888 1.37
Term loans 267,611,030 40.03 228,209,145 40.07 269,375,857 38.61 231,681,154 38.87
Hire purchase 65,187 0.01 208,596 0.04 177,932 0.03 530,795 0.09
Loans against investment fund
account (IFA) 203,496 0.03 400,026 0.07 203,496 0.03 400,417 0.07
Overdraft 96,155,118 14.38 100,361,862 17.62 96,078,102 13.77 100,290,361 16.84
6WD΍ORDQV 7,222,389 1.08 6,094,953 1.07 7,370,093 1.06 6,189,519 1.04
Pawning 24,933,516 3.73 19,665,969 3.45 24,933,516 3.57 19,665,969 3.30
Credit cards 14,403,079 2.15 11,050,973 1.94 14,403,079 2.06 11,050,973 1.86
Money market loans 13,348,788 2.00 10,186,376 1.79 13,348,788 1.91 10,186,376 1.71
Factoring 4,546,580 0.68 3,911,169 0.69 6,497,089 0.93 5,970,574 1.00
Others 81,119 0.01 92,900 0.02 272,530 0.04 239,329 0.04
Sub total 579,364,125 86.65 497,566,860 87.37 608,481,304 87.20 523,811,560 87.93

By Product - Foreign
Currency
Bills of exchange 2,959,726 0.44 2,657,400 0.47 2,959,726 0.42 2,657,400 0.45
Housing loans 1,029,041 0.15 609,967 0.11 1,029,041 0.15 609,967 0.10
Export loans 21,587,661 3.23 23,267,277 4.09 21,587,661 3.09 23,267,277 3.91
Import loans 5,791,043 0.87 4,747,478 0.83 5,791,043 0.83 4,747,478 0.80
Term loans 53,701,327 8.03 37,750,669 6.63 53,701,327 7.70 37,750,669 6.34
Overdraft 4,095,584 0.61 2,756,641 0.48 4,095,584 0.59 2,756,641 0.46
Others 126,283 0.02 85,955 0.02 126,283 0.02 85,955 0.01
Sub total 89,290,665 13.35 71,875,387 12.63 89,290,665 12.80 71,875,387 12.07
Gross loans & receivables 668,654,790 100.00 569,442,247 100.00 697,771,969 100.00 595,686,947 100.00

268 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƑƕĺƖ o-mv|o-m7!;1;bˆ-0Ѵ;v=uol|_;u†v|ol;uvŊ‹m7†v|u‹

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 % Rs 000 % Rs 000 % Rs 000 %

Agriculture & related

(Note 27.9.1) 44,282,265 6.62 45,989,887 8.08 46,763,491 6.70 47,743,634 8.01
Manufacturing 107,841,045 16.13 92,609,937 16.26 111,154,219 15.93 94,763,251 15.91
Tourism 62,383,331 9.33 43,942,733 7.72 63,752,766 9.14 44,566,727 7.48
Transport 12,799,959 1.91 8,515,303 1.50 14,858,306 2.13 8,612,594 1.45
Construction & infrastructure 130,015,902 19.44 115,054,951 20.20 132,193,611 18.95 116,172,024 19.50
Traders 143,810,273 21.51 138,835,049 24.38 149,802,963 21.47 144,031,352 24.18
Financial & business services 48,997,820 7.33 31,529,987 5.54 43,773,236 6.27 30,527,001 5.12
Government 15,701,425 2.35 9,778,500 1.72 15,701,425 2.25 9,778,500 1.64
Other services 21,672,844 3.24 20,627,760 3.62 32,772,705 4.70 34,350,664 5.77
Consumers 81,149,926 12.14 62,558,140 10.98 86,999,247 12.46 65,141,200 10.94
Gross loans & receivables 668,654,790 100.00 569,442,247 100.00 697,771,969 100.00 595,686,947 100.00

27.9.1 As per the requirement of Central Bank of Sri Lanka (CBSL), a minimum of 10% of the loans and receivables shall be granted to
the agriculture sector. The Bank has complied with the said requirement as at 31st December 2018 and 31st December 2017. The
FRPSXWDWLRQPHWKRGXVHGWRGHULYHWKHLQGXVWU\ZLVHH[SRVXUHLQ1RWHDERYHLVGL΍HUHQWIURPWKHPHWKRGXVHGIRU&%6/
minimum lending requirement calculation to agriculture sector.

28 DEBT AND OTHER INSTRUMENTS

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Debentures - quoted (Note 28.1) 4,809,322 6,397,209 4,809,322 6,397,209

Sri Lanka Development Bonds 54,850,893 40,888,766 54,850,893 40,888,766
/HDVHGEDFNHGWUXVWFHUWLȴFDWHV1RWH 4,729,122 2,066,468 4,729,122 2,066,468
Government debt securities - treasury bills & bonds 57,267,199 n/a 57,271,518 n/a
Gross debt & other instruments 121,656,536 49,352,443 121,660,855 49,352,443
Impairment for expected credit losses (Note 28.4) (551,144) n/a (551,144) n/a
Net debt & other instruments 121,105,392 49,352,443 121,109,711 49,352,443

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

SAMPATH SIMPLIFIED 269

NOTES TO THE
FINANCIAL STATEMENTS

28 DEBT AND OTHER INSTRUMENTS CONTD.

ƑѶĺƐ ;0;m|†u;vŊ †o|;7
Bank & Group

As at 31st December 2018 2017

Amortised Amortised
Cost Cost
Rs 000 Rs 000

Name of the Company

Banks, Finance & Insurance
Alliance Finance PLC 83,876 146,633
Central Finance Company PLC 217,923 291,148
Commercial Leasing & Finance PLC 495,159 495,159
DFCC Bank PLC 224,916 224,916
Housing Development Finance Corporation Bank of Sri Lanka 203,095 318,485
Lanka Orix Leasing Company PLC 511,342 511,342
Orient Finance PLC 400,595 418,745
Pan Asia Banking Corporation PLC - 50,067
People's Leasing & Finance PLC 140,791 447,302
Singer Finance PLC 247,387 247,387
Softlogic Finance PLC 426,218 426,464
2,951,302 3,577,648

Construction & Engineering

Access Engineering PLC 303,707 303,707
MTD Walkers PLC 262,165 512,421
565,872 816,128

'LYHUVLȴHG+ROGLQJV
Abans PLC 100,148 277,669
Hayleys PLC 507,691 507,685
Hemas Holdings PLC 12,698 12,662
Singer Sri Lanka PLC 103,074 617,378
723,611 1,415,394

Others
Kotagala Plantations PLC 58,644 78,146
Lion Brewery Ceylon PLC 509,893 509,893
568,537 588,039
4,809,322 6,397,209

ƑѶĺƑ ;-v;-1h;7$u†v|;uঞC1-|;v
Bank & Group

As at 31st December 2018 2017

Amortised Amortised
Cost Cost
Rs 000 Rs 000

People's Leasing & Finance PLC 238,058 997,723

Associated Motor Finance Company PLC - 19,239
Commercial Credit & Finance PLC - 24,341
Senkadagala Finance PLC 827,463 1,025,165
LB Finance Company Ltd 3,138,959 -
Trade Finance & Investment PLC 524,642 -
4,729,122 2,066,468

270 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

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Bank
 v-|ƒƐv| ;1;l0;uƑƏƐѶ

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Debentures - quoted 3,661,701 1,147,621 - 4,809,322

Sri Lanka development bonds 54,850,893 - 54,850,893
/HDVHGEDFNHGWUXVWFHUWLȴFDWHV 4,729,122 - - 4,729,122
Government treasury bills & bonds 57,267,199 - - 57,267,199
120,508,915 1,147,621 - 121,656,536
Impairment for expected credit losses (501,273) (49,871) - (551,144)
120,007,642 1,097,750 - 121,105,392

Group
 v-|ƒƐv| ;1;l0;uƑƏƐѶ

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Debentures - quoted 3,661,701 1,147,621 - 4,809,322

Sri Lanka development bonds 54,850,893 - 54,850,893
/HDVHGEDFNHGWUXVWFHUWLȴFDWHV 4,729,122 - - 4,729,122
Government treasury bills & bonds 57,271,518 - - 57,271,518
120,513,234 1,147,621 - 121,660,855
Impairment for expected credit losses (501,273) (49,871) - (551,144)
120,011,961 1,097,750 - 121,109,711

ƑѶĺƓ lr-bul;m|=ouŠr;1|;7u;7b|ovv;vŊ ;0|-m7|_;umv|u†l;m|v

Bank & Group

2018
Rs 000

Balance as at 1st January 274,016

Net charge for the year (Note 13) 277,128
$PRXQWVZULWWHQR΍GXULQJWKH\HDU -
2WKHUDGMXVWPHQWVLQFOXGLQJH[FKDQJHUDWHGL΍HUHQFHV -
Balance as at 31st December 551,144

ƑѶĺƔ m-Ѵ‹vbvo= ;0|-m7|_;umv|u†l;m|v

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

By collateralisation
Pledged as collateral 11,080,527 - 11,070,856 -
Unencumbered 110,024,865 49,352,443 110,038,855 49,352,443
Gross Total 121,105,392 49,352,443 121,109,711 49,352,443

By currency
Sri Lankan Rupee 66,254,499 8,463,677 66,258,818 8,463,677
Other currency 54,850,893 40,888,766 54,850,893 40,888,766
Gross Total 121,105,392 49,352,443 121,109,711 49,352,443

SAMPATH SIMPLIFIED 271

NOTES TO THE
FINANCIAL STATEMENTS

ƑƖ ""$"҃ !(&$!&$!!"(ņ( !"

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Financial assets - fair value through other comprehensive

income
Government securities - treasury bills & bonds (Note 29.1) 25,047,854 n/a 25,047,854 n/a
Quoted equity security (Note 29.2) 2,432,869 n/a 2,432,869 n/a
Unquoted equity securities (Note 29.3) 36,582 n/a 36,638 n/a
27,517,305 n/a 27,517,361 n/a

Financial assets - available for sale

Government securities - treasury bills & bonds (Note 29.1) n/a 74,405,289 n/a 74,405,289
Quoted equity security (Note 29.2) n/a 2,659,822 n/a 2,659,822
Unquoted equity securities (Note 29.3) n/a 30,608 n/a 30,664
n/a 77,095,719 n/a 77,095,775

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

ƑƖĺƐ oˆ;uml;m|";1†ubঞ;vŊ$u;-v†u‹bѴѴv
Bank & Group

As at 31st December 2018

Rs 000

Fair value through other comprehensive income

Amortised cost 25,088,416

Gain from mark to market valuation as at 1st January 76,037

Movement during the year (109,826)
5HFODVVLȴHGWRSURȴWRUORVV (6,773)
Loss from mark to market valuation as at 31st December (40,562)
Market value 25,047,854

As at 31st December 2017

Rs 000

Available for sale investments

Amortised cost 74,329,252

Loss from mark to market valuation as at 1st January (94,675)

Movement during the year 170,712
Gain from mark to market valuation as at 31st December 76,037
Market value 74,405,289

272 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƑƖĺƑ †o|;7t†b|‹";1†ub|‹

Quoted equity security represents the investment in ordinary shares of LankaBangla Finance Ltd in Bangladesh.

Bank & Group

2018
No. of
Ordinary
Shares Rs 000

Fair value through other comprehensive income

Cost of the investment as at 1st January 30,143,437 518,153
Exchange gain 162,656
Scrip dividend received during the year 3,391,136 62,963
Rights shares 15,071,718 281,034
Cost of the investment as at 31st December 48,606,291 1,024,806

Gain from mark to market valuation as at 1st January 2,141,669

Movement during the year (733,606)
Gain from mark to market valuation as at 31st December 1,408,063
Market value 2,432,869

2017
No. of
Ordinary
Shares Rs 000

Available for sale investments

Cost of the investment as at 1st January 26,211,685 434,815
Exchange gain 10,766
Scrip dividend received during the year 3,931,752 72,572
Cost of the investment as at 31st December 30,143,437 518,153

Gain from mark to market valuation as at 1st January 1,294,745

Movement during the year 846,924
Gain from mark to market valuation as at 31st December 2,141,669
Market value 2,659,822

SAMPATH SIMPLIFIED 273

NOTES TO THE
FINANCIAL STATEMENTS

ƑƖ ""$"҃ !(&$!&$!!"(ņ( !"$ ĺ
ƑƖĺƒ &mt†o|;7t†b|‹";1†ubঞ;v
As at 31st December 2018

Bank Group
No. of Carrying Market No. of Carrying Market
Ordinary Value Value Ordinary Value Value
Shares Shares
Rs 000 Rs 000 Rs 000 Rs 000

Fair value through other

comprehensive income
Name of the Company
LankaBangla Securities Ltd 293,485 1,199 1,199 293,485 1,199 1,199
Credit Information Bureau 1,700 170 170 1,800 226 226
SWIFT 33 12,963 12,963 33 12,963 12,963
Lanka Clear (Pvt) Ltd 2,000,000 20,000 20,000 2,000,000 20,000 20,000
Lanka Financial Services Bureau Ltd 225,000 2,250 2,250 225,000 2,250 2,250
Lanka Rating Agency Ltd 1,241,263 - - 1,241,263 - -
Total 36,582 36,582 36,638 36,638

Directors of the Bank assessed the fair values of the unquoted share investments held by the Bank as at 31st December 2018 and
concluded that the carrying values as at that date is a reasonable approximation of the fair value.

As at 31st December 2017

Bank Group
No. of Cost of Market No. of Cost of Market
Ordinary Investment Value Ordinary Investment Value
Shares Shares
Rs 000 Rs 000 Rs 000 Rs 000

Available for sale investments

Name of the Company
LankaBangla Securities Ltd 293,485 45,641 1,007 293,485 45,641 1,007
Credit Information Bureau 1,700 170 170 1,800 226 226
SWIFT 26 6,556 6,556 26 6,556 6,556
Fitch Rating Lanka Ltd 62,500 625 625 62,500 625 625
Lanka Clear (Pvt) Ltd 2,000,000 20,000 20,000 2,000,000 20,000 20,000
Lanka Financial Services Bureau Ltd 225,000 2,250 2,250 225,000 2,250 2,250
Lanka Rating Agency Ltd 1,241,263 15,516 - 1,241,263 15,516 -
Total 90,758 30,608 90,814 30,664

Impairment provision as at 1st January 2017 (59,009) (59,009)

1HWFKDUJHWRSURȴWRUORVV - -
Other movements during the year (1,141) (1,141)
Impairment provision as at
31st December 2017 (60,150) (60,150)
Market value 30,608 30,664

274 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
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FINANCIAL INFORMATION
"&$!+ !$

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As at 31st December 2018

Bank Group
Rs 000 Rs 000

Fair value through other comprehensive income

By collateralisation
Pledged as collateral 2,265,768 2,265,768
Unencumbered 25,251,537 25,251,593
Gross total 27,517,305 27,517,361

By currency
Sri Lankan Rupee 25,083,237 25,083,293
Other currency 2,434,068 2,434,068
Gross total 27,517,305 27,517,361

As at 31st December 2017

Bank Group
Rs 000 Rs 000

Available for sale investments

By collateralisation
Pledged as collateral 4,184,272 4,082,703
Unencumbered 72,911,447 73,013,072
Gross total 77,095,719 77,095,775

By currency
Sri Lankan Rupee 74,434,890 74,434,946
Other currency 2,660,829 2,660,829
Gross total 77,095,719 77,095,775

30 FINANCIAL ASSETS HELD TO MATURITY

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Government debt securities - treasury bills & bonds n/a - n/a 12,428
n/a - n/a 12,428

SAMPATH SIMPLIFIED 275

NOTES TO THE
FINANCIAL STATEMENTS

31 INVESTMENT IN SUBSIDIARIES

ACCOUNTING POLICY

Subsidiaries are entities that are controlled by the Bank. The Bank is presumed to control an investee when it is exposed or has
ULJKWVWRYDULDEOHUHWXUQVIURPLWVLQYROYHPHQWZLWKWKHLQYHVWHHDQGKDVWKHDELOLW\WRD΍HFWWKRVHUHWXUQVWKURXJKLWVSRZHURYHU
the investee. At each reporting date, the Bank reassesses whether it controls an investee, if facts and circumstances indicate that
there are changes to one or more elements of control mentioned above.

The Financial Statements of subsidiaries are fully consolidated from the date on which control is transferred to the Bank and
continue to be consolidated until the date when such control ceases. The Financial Statements of the Bank’s subsidiaries are
prepared for the same reporting year as per the Bank, using consistent accounting policies.

The cost of acquisition of a subsidiary is measured as the fair value of the consideration, including contingent consideration, given
RQWKHGDWHRIWUDQVIHURIWLWOH7KHDFTXLUHGLGHQWLȴDEOHDVVHWVOLDELOLWLHVDQGFRQWLQJHQWOLDELOLWLHVDUHPHDVXUHGDWWKHLUIDLUYDOXHV
at the date of acquisition. Subsequent to the initial measurement, the Bank continues to recognise the investments in subsidiaries
at cost.

The total assets and liabilities of the subsidiaries as at the reporting date are included in the Consolidated Statement of Financial
3RVLWLRQ7KHWRWDOSURȴWRUORVVIRUWKH\HDURIWKHVXEVLGLDULHVLVLQFOXGHGLQWKH&RQVROLGDWHG6WDWHPHQWRI3URȴWRU/RVV7KH
non-controlling interest is presented in the Consolidated Statement of Financial Position within equity, separately from the
HTXLW\DWWULEXWDEOHWRWKHHTXLW\KROGHUVRIWKH%DQN1RQFRQWUROOLQJLQWHUHVWLQWKHSURȴWRUORVVRIWKH*URXSLVGLVFORVHGLQWKH
Consolidated Statement of Comprehensive Income. Total comprehensive income is allocated to the owners of the parent and to
WKHQRQFRQWUROOLQJLQWHUHVWHYHQLIWKLVUHVXOWVLQQRQFRQWUROOLQJLQWHUHVWKDYLQJDGHȴFLWEDODQFH

Intra-group balances and any income and expenses arising from intra-group transactions are eliminated when preparing the
Consolidated Financial Statements. Unrealised losses are eliminated in the same way as unrealised gains, except that they are only
eliminated to the extent that there is no evidence of impairment.

When a subsidiary is acquired or sold during the year, operating results of such subsidiary is included from the date of acquisition
or to the date of disposal. Upon the loss of control, the Group derecognises the assets and liabilities of the subsidiary, any non-
FRQWUROOLQJLQWHUHVWVDQGWKHRWKHUFRPSRQHQWVRIHTXLW\UHODWHGWRWKHVXEVLGLDU\$Q\VXUSOXVRUGHȴFLWDULVLQJRQWKHORVVRI
control is recognised in the Statement of Changes in Equity.

If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date the control is
lost. Subsequently, it is accounted for as an equity-accounted investee or in accordance with the Group’s accounting policy for
ȴQDQFLDOLQVWUXPHQWVGHSHQGLQJRQWKHOHYHORILQȵXHQFHUHWDLQHG

The Group did not acquire / dispose any subsidiaries during the year ended 31st December 2018.

7KHUHDUHQRVLJQLȴFDQWUHVWULFWLRQVRQWKHDELOLW\RIWKHVXEVLGLDULHVWRWUDQVIHUIXQGVWRWKH%DQNLQWKHIRUPRIFDVKGLYLGHQGVRU
repayment of loans and advances.

All subsidiaries of the Bank have been incorporated in Sri Lanka.

276 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

31.1 Bank

As at 31st December 2018 2017

Subsidiary Principal Activities Ownership Cost Directors' Ownership Cost Directors'
Valuation Valuation
Rs 000 Rs 000 Rs 000 Rs 000

Siyapatha Finance PLC Granting leasing,

hire purchase,
factoring & other
loans facilities &
accepting deposits 100% 1,348,666 3,619,120 100% 635,917 2,490,561
Sampath Centre Ltd Renting of
commercial
property 100% 579,036 4,611,026 100% 579,036 3,880,909
S C Securities (Pvt) Ltd Stock broking 100% 178,921 113,727 100% 178,921 112,947
Sampath Information Software
Technology Solutions development,
Ltd renting of IT
equipments,
IT services
outsourcing
and documents
management
services 100% 279,000 290,317 100% 29,000 120,670
2,385,623 1,422,874

Impairment provision as at
1st January (66,799) (4,000)
Movement during the year
(Note 13) 1,605 (62,799)
Impairment provision as at
31st December (65,194) (66,799)
Net investment in
subsidiaries 2,320,429 1,356,075

Subsidiaries are not quoted in the Colombo Stock Exchange except Siyapatha Finance PLC.

The Directors' valuation of investments in subsidiaries has been carried out on net asset basis as at 31st December 2018 and
accordingly the Bank has recognised an impairment reversal of Rs 1.6 Mn (2017 : charge of Rs 62.8 Mn) against the investment in
SC Securities (Pvt) Ltd.

SAMPATH SIMPLIFIED 277

NOTES TO THE
FINANCIAL STATEMENTS

32 PROPERTY, PLANT AND EQUIPMENT

ACCOUNTING POLICY

Recognition
Property, plant and equipment are tangible items that are held for use in the production or supply of services, for rental to others
or for administrative purposes and are expected to be used during more than one period. The Group applies the requirements of
the Sri Lanka Accounting Standard - LKAS 16 (Property, Plant and Equipment) in accounting for these assets. Property, plant and
HTXLSPHQWDUHUHFRJQLVHGLILWLVSUREDEOHWKDWIXWXUHHFRQRPLFEHQHȴWVDVVRFLDWHGZLWKWKHDVVHWZLOOȵRZWRWKH*URXSDQGWKH
cost of the asset can be reliably measured.

Measurement
$QLWHPRISURSHUW\SODQWDQGHTXLSPHQWWKDWTXDOLȴHVIRUUHFRJQLWLRQDVDQDVVHWLVLQLWLDOO\PHDVXUHGDWLWVFRVW&RVWLQFOXGHV
expenditure that is directly attributable to the acquisition of the asset and cost incurred subsequently to add to, replace part of
an item of property, plant & equipment. The cost of self-constructed assets includes the cost of materials and direct labour, any
other costs directly attributable to bringing the asset to a working condition for its intended use and the costs of dismantling and
removing the items and restoring the site on which they are located. Purchased software that is integral to the functionality of the
UHODWHGHTXLSPHQWLVFDSLWDOLVHGDVSDUWRIFRPSXWHUHTXLSPHQW:KHQSDUWVRIDQLWHPRISURSHUW\RUHTXLSPHQWKDYHGL΍HUHQW
useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

Cost Model
The Group applies cost model to property, plant and equipment except for freehold land and buildings and records at cost of
purchase or construction together with any incidental expenses thereon less accumulated depreciation and any accumulated
impairment losses.

Revaluation Model
The Group applies the revaluation model to the entire class of freehold land and buildings. Such properties are carried at a
revalued amount, being their fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent
accumulated impairment losses. Freehold land and buildings of the Group are revalued by independent professional valuers
HYHU\WKUHH\HDUVRUPRUHIUHTXHQWO\LIWKHIDLUYDOXHVDUHVXEVWDQWLDOO\GL΍HUHQWIURPFDUU\LQJDPRXQWVWRHQVXUHWKDWWKHFDUU\LQJ
DPRXQWVGRQRWGL΍HUIURPWKHIDLUYDOXHVDVDWWKHUHSRUWLQJGDWH7KH*URXSUHYDOXHGLWVIUHHKROGODQGVDQGEXLOGLQJVDVDWVW
December 2017, the details of which are given in Note 32.3.

On revaluation of an asset, any increase in the carrying amount is recognised in ‘Other comprehensive income’ and accumulated in
equity, under revaluation reserve or used to reverse a previous revaluation decrease relating to the same asset, which was charged
WRWKH6WDWHPHQWRI3URȴWRU/RVVΖQWKLVFLUFXPVWDQFHWKHLQFUHDVHLVUHFRJQLVHGDVLQFRPHWRWKHH[WHQWRIWKHSUHYLRXVZULWH
GRZQ$Q\GHFUHDVHLQWKHFDUU\LQJDPRXQWLVUHFRJQLVHGDVDQH[SHQVHLQWKH6WDWHPHQWRI3URȴWRU/RVVRUGHELWHGWRWKHRWKHU
comprehensive income to the extent of any credit balance existing in the revaluation reserve in respect of that asset.

The decrease recognised in other comprehensive income reduces the amount accumulated in equity under revaluation reserves.
Any balance remaining in the revaluation reserve in respect of an asset is transferred directly to retained earnings on retirement or
disposal of the asset.

Subsequent Cost
The subsequent cost of replacing a component of an item of property, plant and equipment is recognised in the carrying amount
RIWKHLWHPLILWLVSUREDEOHWKDWWKHIXWXUHHFRQRPLFEHQHȴWVHPERGLHGZLWKLQWKDWSDUWZLOOȵRZWRWKH*URXSDQGLWVFRVWFDQEH
UHOLDEO\PHDVXUHG7KHFRVWVRIGD\WRGD\VHUYLFLQJRISURSHUW\SODQWDQGHTXLSPHQWDUHFKDUJHGWRWKH6WDWHPHQWRI3URȴWRU
Loss as incurred.

278 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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Derecognition
The carrying amount of an item of property, plant and equipment is derecognised on disposal or when no future economic
EHQHȴWVDUHH[SHFWHGIURPLWVXVH7KHJDLQRUORVVDULVLQJIURPGHUHFRJQLWLRQRIDQLWHPRISURSHUW\SODQWDQGHTXLSPHQWLV
LQFOXGHGLQWKH6WDWHPHQWRI3URȴWRU/RVVZKHQWKHLWHPLVGHUHFRJQLVHG:KHQUHSODFHPHQWFRVWVDUHUHFRJQLVHGLQWKHFDUU\LQJ
amount of an item of property, plant and equipment, the remaining carrying amount of the replaced part is derecognised. Major
inspection costs are capitalised. At each such capitalisation, the remaining carrying amount of the previous cost of inspection is
derecognised.

Capital Work in Progress

These are expenses of capital nature directly incurred in the construction of buildings, major plant, machinery and system
development, awaiting capitalisation. Capital work-in-progress would be transferred to the relevant asset when it is available for
use, i.e. when it is in the location and condition necessary for it to be capable of operating in the manner intended by management.
Capital work-in-progress is stated at cost less any accumulated impairment losses.

Borrowing Costs
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset have been
capitalised as part of the cost of the asset in accordance with Sri Lanka Accounting Standard - LKAS 23 (Borrowing Costs). A
qualifying asset is an asset which takes substantial period of time to get ready for its intended use or sale. Capitalisation of
borrowing costs ceases when substantially all the activities necessary to prepare the qualifying asset for its intended use are
FRPSOHWHG2WKHUERUURZLQJFRVWVDUHUHFRJQLVHGLQSURȴWRUORVVLQWKHSHULRGLQZKLFKWKH\DUHLQFXUUHG

There were no capitalised borrowing costs related to the acquisition of property, plant & equipment during the year.

Rates of depreciation for each category of property, plant and equipment is given in Note 15, ‘Other operating expenses’.

32.1 -mh

Freehold Improvements Computer 2ɝFH Fixtures & Motor Leased Capital 2018 2017
Land to Lease Hold Equipment Equipment Fittings Vehicles Assets Work-in Total Total
& Buildings Properties Progress
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Cost / Valuation
Balance as at 1st January 4,929,456 1,167,583 2,890,097 2,093,417 256,852 220,897 484,175 66,999 12,109,476 10,277,241
Additions & improvements 16,520 34,100 1,024,556 132,506 57,221 14 111,154 57,761 1,433,832 1,226,388
Disposals during the year - (12,318) (90,035) (20,999) (3,575) (118) - - (127,045) (154,293)
:ULWWHQR΍GXULQJWKH\HDU - - (78,822) (31,119) (4,814) (238) - - (114,993) (51,425)
Revaluation adjustment on
accumulated depreciation - - - - - - - - - (10,915)
Revaluation surplus - - - - - - - - - 822,480
Transfers / adjustments 124,760 - - - - - - (124,760) - -
Cost / valuation as at 31st
December 5,070,736 1,189,365 3,745,796 2,173,805 305,684 220,555 595,329 - 13,301,270 12,109,476

Accumulated Depreciation
Balance as at 1st January 27,778 988,752 1,939,560 1,473,167 163,139 129,840 117,298 - 4,839,534 4,305,724
Charge for the year 37,061 75,267 300,825 178,130 35,789 19,456 130,472 - 777,000 719,548
Disposals during the year - (12,289) (89,192) (20,210) (3,448) (11) - - (125,150) (136,810)
:ULWWHQR΍GXULQJWKH\HDU - - (76,918) (26,555) (4,396) (238) - - (108,107) (38,013)
Revaluation adjustment on
accumulated depreciation - - - - - - - - - (10,915)
Accumulated depreciation
as at 31st December 64,839 1,051,730 2,074,275 1,604,532 191,084 149,047 247,770 - 5,383,277 4,839,534
Net book value as at 31st
December 2018 5,005,897 137,635 1,671,521 569,273 114,600 71,508 347,559 - 7,917,993
Net book value as at 31st
December 2017 4,901,678 178,831 950,537 620,250 93,713 91,057 366,877 66,999 7,269,942

SAMPATH SIMPLIFIED 279

NOTES TO THE
FINANCIAL STATEMENTS

32 PROPERTY, PLANT AND EQUIPMENT CONTD.

ƒƑĺƐŐ-őThe carrying amount of Bank's revalued freehold land and buildings, if they were carried at cost less accumulated depreciation, would
be as follows:

As at 31st December 2018 2017

Cost Accumulated Cost Less Cost Accumulated Cost Less
Depreciation Accumulated Depreciation Accumulated
Depreciation Depreciation
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Freehold lands 855,934 - 855,934 855,934 - 855,934

Freehold buildings 1,153,073 223,034 930,039 1,011,792 197,575 814,217
Total 2,009,007 223,034 1,785,973 1,867,726 197,575 1,670,151

32.2 uo†r

Freehold Improvements Computer 2ɝFH Fixtures & Motor Capital 2018 2017
Land to Lease Hold Equipment Equipment Fittings Vehicles Work-in Total Total
& Buildings Properties Progress
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Cost / Valuation
Balance as at 1st January 9,313,566 1,167,583 4,282,816 2,269,849 401,906 233,792 391,939 18,061,451 15,412,501
Additions & improvements 16,625 34,100 1,242,435 156,128 85,171 994 583,655 2,119,108 1,640,617
Disposals during the year - (12,318) (119,211) (21,010) (3,575) (4,040) - (160,154) (177,794)
:ULWWHQR΍GXULQJWKH\HDU - - (121,533) (38,509) (9,809) (238) - (170,089) (51,425)
Revaluation adjustment on
accumulated depreciation - - - - - - - - (93,033)
Revaluation surplus - - - - - - - - 1,330,585
Transfers / adjustments 124,760 - (98) (34) 41 - (124,760) (91) -
Cost / valuation as at 31st
December 9,454,951 1,189,365 5,284,409 2,366,424 473,734 230,508 850,834 19,850,225 18,061,451

Accumulated Depreciation
Balance as at 1st January 37,688 988,752 2,486,193 1,542,515 233,399 141,462 - 5,430,009 4,703,294
Charge for the year 122,329 75,267 628,294 196,410 64,171 20,410 - 1,106,881 1,014,533
Disposals during the year - (12,289) (116,294) (20,213) (3,448) (3,916) - (156,160) (156,772)
:ULWWHQR΍GXULQJWKH\HDU - - (94,834) (30,771) (6,369) (238) - (132,212) (38,013)
Revaluation adjustment on
accumulated depreciation - - - - - - - - (93,033)
Transfers / adjustments - - (3) (81) (7) - - (91) -
Accumulated depreciation
as at 31st December 160,017 1,051,730 2,903,356 1,687,860 287,746 157,718 - 6,248,427 5,430,009
Net book value as at 31st
December 2018 9,294,934 137,635 2,381,053 678,564 185,988 72,790 850,834 13,601,798 -
Net book value as at 31st
December 2017 9,275,878 178,831 1,795,170 732,145 162,435 95,044 391,939 12,631,442

ƒƑĺƑŐ-őThe carrying amount of Group's revalued freehold land and buildings, if they were carried at cost less accumulated depreciation,
would be as follows:

As at 31st December 2018 2017

Cost Accumulated Cost Less Cost Accumulated Cost Less
Depreciation Accumulated Depreciation Accumulated
Depreciation Depreciation
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Freehold lands 1,195,013 - 1,195,013 1,195,013 - 1,195,013

Freehold buildings 1,893,980 429,488 1,464,492 1,752,596 385,507 1,367,089
Total 3,088,993 429,488 2,659,505 2,947,609 385,507 2,562,102

280 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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ƒƑĺƒ ;|-bѴvo=-mhŝvşuo†rŝv-m7-m7†bѴ7bm]v"|-|;7-|(-Ѵ†-ঞom
Freehold land and buildings of the Group are revalued by independent professional valuers once in every three years or more
IUHTXHQWO\WRHQVXUHWKDWWKHFDUU\LQJDPRXQWGRHVQRWGL΍HUPDWHULDOO\IURPWKDWZKLFKZRXOGEHGHWHUPLQHGXVLQJWKHIDLUYDOXH
at the end of the reporting period. The Group revalued its entire class of freehold land and buildings as of 31st December 2017, the
details of which are given below .

Location Date of Method of Net Book Revaluation Revaluation Revaluation

Valuation Valuation Value before Amount Gain / (Loss) Gain / (Loss)
Revaluation Recognised in
Land Building Land Building Land Building Total 3URȴWRU OCI
Loss
Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn

Bank
Valuer - M/S Prathap Chartered
Valuation & Consultancy (Pvt) Ltd
No. 1022, Maradana Road, Borella 28.12.2017 Market Comparable Method 255.00 97.01 246.80 95.26 (8.20) (1.75) (9.95) - (9.95)
"Nuwarawewakele", Maithreepala
Senanayake Mw, Anuradhapura 29.12.2017 Market Comparable Method 164.97 67.13 171.70 66.97 6.73 (0.16) 6.57 (0.16) 6.73
No. 29, Cross Street, Kandy 29.12.2017 Market Comparable Method 240.00 94.48 257.00 98.68 17.00 4.20 21.20 - 21.20
No. 05, Hakmana Road, Matara 27.12.2017 Market Comparable Method 166.91 36.76 173.74 40.66 6.83 3.90 10.73 - 10.73

Valuer - G W G Abeygunawaradana
No. 103, Dharmapala Mawatha,
Hunupitiya, Colombo 7 28.12.2017 Market Comparable Method 700.00 67.55 1,492.50 68.98 792.50 1.43 793.93 - 793.93
Total - Bank 1,526.88 362.93 2,341.74 370.55 814.86 7.62 822.48 (0.16) 822.64

Subsidiaries
Valuer - P B Kalugalagedara
Sampath Centre - No. 110, Sir James
Peiris Mawatha, Colombo 2 31.12.2017 Income Basis 1,972.00 1,642.31 2,367.00 1,676.50 395.00 34.19 429.19 - 429.19

Valuer - C Wellappili
Siyapatha Finance PLC - No. 534,
Bauddhaloka Mawatha,
Colombo 08 31.12.2017 Market Comparable Method 204.08 - 283.00 - 78.92 - 78.92 - 78.92
Total - Group 3,702.96 2,005.24 4,991.74 2,047.05 1,288.78 41.81 1,330.59 (0.16) 1,330.75

 ([FHSWIRUWKHSURSHUWLHVJLYHQLQWKHDERYHWDEOHFDUU\LQJYDOXHRIWKHRWKHUSURSHUWLHVZHUHQRWPDWHULDOO\GL΍HUHQWIURPWKHIDLU
value as at that date.

SAMPATH SIMPLIFIED 281

NOTES TO THE
FINANCIAL STATEMENTS

32 PROPERTY, PLANT AND EQUIPMENT CONTD.

ƒƑĺƓ m-Ѵ‹vbvo= u;;_oѴ7-m7-m7†bѴ7bm]v0‹o1-ঞom

Land Buildings Cost / Cost / Total Accumulated 2018 As a % 2017

Location Extent Revaluation Revaluation Value Depreciation Net Book of Total Net Book
of Land of Building Value NBV Value
Perches Sq.ft Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Bank
1 Pettah - 5,124 - 69,891 69,891 5,821 64,070 0.7% 66,858
No.180 (part), Bodiraja
Mawatha, Pettah
2 Borella 24.7 15,876 246,800 95,256 342,056 2,878 339,178 3.6% 342,056
No.1022, Maradana Road,
Borella
3 Kurunegala 37.4 16,202 130,500 97,687 228,187 5,817 222,370 2.4% 224,559
No.31 & 33, Negombo Road,
Kurunegala
4 Wattala 42.5 5,314 89,000 41,000 130,000 2,134 127,866 1.4% 128,888
No.256/1, Negombo Road,
Wattala
5 Matara 47.6 11,431 173,740 40,660 214,400 1,350 213,050 2.3% 214,400
No.05, Hakmana Road, Matara
6 Maharagama 13.5 6,310 67,300 36,081 103,381 2,144 101,237 1.1% 102,266
No.81 & 81 A, High Level Road,
Maharagama
7 Deniyaya 17.5 5,325 21,900 25,780 47,680 1,342 46,338 0.5% 46,981
No.69, Main Street, Deniyaya
8 Deniyaya 40.0 BareLand 600 - 600 - 600 0.0% 600
No.117, Hapugahawalawatta,
Ihalagama Road, Deniyaya
9 Ratmalana 10.9 5,520 30,000 23,000 53,000 1,260 51,740 0.6% 52,343
No.261, Galle Road, Ratmalana
10 Piliyandala 37.5 8,138 65,000 35,361 100,361 2,065 98,296 1.1% 97,943
No.61A, Moratuwa Road,
Piliyandala
11 Anuradhapura 40.4 8,929 171,700 69,677 241,377 2,041 239,336 2.6% 238,668
"Nuwarawewakele",
Maithreepala Senanayake Mw,
Anuradhapura
12 Panadura 27.3 6,020 61,500 52,500 114,000 3,125 110,875 1.2% 112,373
No.373 A, Galle Road, Panadura
13 Old Moor Street 24.0 10,180 132,000 28,000 160,000 3,909 156,091 1.7% 157,975
No.371, Old Moor St,
Masangasweediya, Colombo 12
14 Tissamaharama 22.2 10,815 17,760 33,683 51,443 1,748 49,695 0.5% 50,337
No. 25-27, Main Street,
Tissamaharama
15 Katugastota 23.2 7,811 69,600 66,700 136,300 3,472 132,828 1.4% 134,491
No.187, Madawala Road,
Katugastota
16 Galle 17.5 5,400 104,880 34,156 139,036 1,815 137,221 1.5% 133,790
No.05, Wakwella Road, Galle

282 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

Land Buildings Cost / Cost / Total Accumulated 2018 As a % 2017

Location Extent Revaluation Revaluation Value Depreciation Net Book of Total Net Book
of Land of Building Value NBV Value
Perches Sq.ft Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

17 Wellawatte 21.5 7,776 118,000 60,000 178,000 3,287 174,713 1.9% 176,287
No.591, Galle Road, Wellawatta
18 Narahenpita 18.9 9,600 94,000 65,423 159,423 3,477 155,946 1.7% 155,201
No.475, Elvitigala Mawatha,
Narahenpita
19 Kalutara 30.0 8,715 75,000 68,781 143,781 3,753 140,028 1.5% 141,833
No.312/A, Galle Road, Kalutara
20 Alawwa 20.7 8,190 20,500 26,500 47,000 2,759 44,241 0.5% 45,562
No.7/5, Giriulla Road, Alawwa
21 Horana 20.8 BareLand 41,500 - 41,500 - 41,500 0.4% 41,500
No.42, Anguruwatota Road,
Horana
22 Kandy Metro 25.7 17,398 257,000 98,681 355,681 3,286 352,395 3.8% 355,679
No.29, Cross Street, Kandy
23 Dharmapala Mawatha 119.4 7,300 1,492,500 69,441 1,561,941 1,811 1,560,130 16.8% 1,561,470
No.103, Dharmapala Mawatha,
Hunupitya, Colombo 7
24 Gampaha 25.0 5,680 62,000 41,000 103,000 2,134 100,866 1.1% 101,888
No.150, Colombo Road,
Gampaha
25 Victoria Range 20.1 2,320 7,000 10,800 17,800 648 17,152 0.2% 17,465
1R9LFWRULD5DQJH
Digana, Kandy
26 Panchikawatta 9.8 7,020 66,000 36,388 102,388 2,729 99,659 1.1% 96,513
No. 85/87, Panchikawatta Road,
Colombo 10
27 Negombo 41.5 12,686 103,750 124,760 228,510 34 228,476 2.5% 103,750
No. 408, Main Street, Negombo

Total - Bank 779.4 215,080 3,719,530 1,351,206 5,070,736 64,839 5,005,897 53.9% 4,901,678

Subsidiaries
Sampath Centre
28 Slave island 157.8 220,301 2,367,000 1,734,215 4,101,215 95,178 4,006,037 43.1% 4,091,200
No. 110, Sir James Peiris
Mawatha, Colombo 2

Siyapatha Finance PLC

29 Borella 29.1 WIP 283,000 - 283,000 - 283,000 3.0% 283,000
No. 534, Bauddhaloka
Mawatha, Colombo-08

Total - Group 966.3 435,381 6,369,530 3,085,421 9,454,951 160,017 9,294,934 100.0% 9,275,878

SAMPATH SIMPLIFIED 283

NOTES TO THE
FINANCIAL STATEMENTS

32 PROPERTY, PLANT AND EQUIPMENT CONTD.

ƒƑĺƔ Ő-őlruoˆ;l;m||o;-v;_oѴ7uor;uঞ;v
Bank & Group

As at 31st December 2018 2017

Cost of Accumulated Net Book Net Book
Buildings Depreciation Value Value
Rs 000 Rs 000 Rs 000 Rs 000

01 - 05 years 192,562 178,860 13,702 22,742

06 - 10 years 669,441 596,987 72,453 78,935
Above 10 years 327,362 275,883 51,480 77,154
Total 1,189,365 1,051,730 137,635 178,831

ƒƑĺƔ Ő0ő †ѴѴ‹ ;ru;1b-|;7uor;u|‹ķѴ-m|-m7t†brl;m|

A class-wise analysis of the initial cost of fully depreciated property, plant and equipment of the Bank/Group which are still in use as at
reporting date is as follows.

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Asset class
Improvements to leasehold properties 839,885 767,465 839,885 767,465
Computer equipment & software 2,226,354 2,079,202 2,752,726 2,249,309
2ɝFHHTXLSPHQW 965,230 764,423 1,147,156 782,071
)L[WXUHV ȴWWLQJV 109,070 102,071 450,807 111,185
Motor vehicles 68,107 60,518 75,488 66,657
Total 4,208,646 3,773,679 5,266,062 3,976,687

ƒƑĺƔ Ő1ő$;lrou-ubѴ‹7Ѵ;uor;u|‹ķѴ-m|-m7t†brl;m|Ŋ-mhşuo†r

The Bank holds Horana land worth of Rs 41.5 Mn with the intention of constructing a branch in the near future. The Bank does not
intend to construct a branch in Deniyaya land as it was severely earth slipped. Any future construction on this land is subjected to
1%521DWLRQDO%XLOGLQJ5HVHDUFK2UJDQLVDWLRQFHUWLȴFDWLRQ

ƒƑĺƔ Ő7őuor;u|‹ķѴ-m|-m7t†brl;m|!;ঞu;7=uol1ঞˆ;&v;Ŋ-mhşuo†r    

There were no property, plant and equipment retired from active use as at the reporting date (2017: Nil)

ƒƑĺƔ Ő;ő$b|Ѵ;!;v|ub1ঞomomuor;u|‹ķѴ-m|-m7t†brl;m|Ŋ-mhşuo†r

There were no restriction on the title of property, plant and equipment as at 31st December 2018 (2017: Nil).

ƒƑĺƔ Ő=őuor;u|‹ķѴ-m|-m7t†brl;m|Ѵ;7];7-v";1†ub|‹=oub-0bѴbঞ;vŊ-mhşuo†r    

There were no items of property, plant and equipment pledged as securities for liabilities.

ƒƑĺƔ Ő]őolr;mv-ঞom=uol$_bu7-uঞ;v=ou|;lvo=uor;u|‹ķѴ-m|-m7t†brl;m|Ŋ-mhşuo†r

There were no compensation received during the year from third parties for items of property, plant and equipment that were
impaired, lost or given up (2017: Nil).

284 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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33 INTANGIBLE ASSETS

ACCOUNTING POLICY

Recognition
$QLQWDQJLEOHDVVHWLVDQLGHQWLȴDEOHQRQPRQHWDU\DVVHWZLWKRXWSK\VLFDOVXEVWDQFHKHOGIRUXVHLQWKHSURGXFWLRQRUVXSSO\RI
goods or services, for rental to others or for administrative purposes. An intangible asset is recognised if it is probable that the
IXWXUHHFRQRPLFEHQHȴWVWKDWDUHDWWULEXWDEOHWRWKHDVVHWZLOOȵRZWRWKHHQWLW\DQGWKHFRVWRIWKHDVVHWFDQEHPHDVXUHGUHOLDEO\
An intangible asset is initially measured at cost. Expenditure incurred on an intangible item that was initially recognised as an
expense by the Group in previous annual Financial Statements or interim Financial Statements are not recognised as part of the
cost of an intangible asset at a later date.

Computer Software
Cost of purchased licenses and all computer software costs incurred, licensed for use by the Group, which are not integrally
UHODWHGWRDVVRFLDWHGKDUGZDUHZKLFKFDQEHFOHDUO\LGHQWLȴHGUHOLDEO\PHDVXUHGDQGLWȇVSUREDEOHWKDWWKH\ZLOOOHDGWRIXWXUH
HFRQRPLFEHQHȴWVDUHLQFOXGHGLQWKH6WDWHPHQWRI)LQDQFLDO3RVLWLRQXQGHUWKHFDWHJRU\ȆΖQWDQJLEOHDVVHWVȇDQGFDUULHGDWFRVWOHVV
accumulated amortisation and any accumulated impairment losses.

Goodwill
Goodwill, if any, that arises upon the acquisition of subsidiaries is included in intangible assets. Goodwill is measured at initial
recognition in accordance with Note 4.2.

Subsequent Expenditure
Expenditure incurred on software is capitalised only when it is probable that this expenditure will enable the asset to generate
IXWXUHHFRQRPLFEHQHȴWVLQH[FHVVRILWVRULJLQDOO\DVVHVVHGVWDQGDUGRISHUIRUPDQFHDQGWKLVH[SHQGLWXUHFDQEHPHDVXUHGDQG
attributed to the asset reliably. All other expenditure is expensed as incurred.

Goodwill is measured at cost less accumulated impairment losses.

Derecognition of Intangible Assets

7KHFDUU\LQJDPRXQWRIDQLWHPRILQWDQJLEOHDVVHWLVGHUHFRJQLVHGRQGLVSRVDORUZKHQQRIXWXUHHFRQRPLFEHQHȴWVDUHH[SHFWHG
IURPLWVXVH7KHJDLQRUORVVDULVLQJIURPGHUHFRJQLWLRQRIDQLWHPRILQWDQJLEOHDVVHWLVLQFOXGHGLQWKH6WDWHPHQWRI3URȴWRU/RVV
when the item is derecognised.

There were no restrictions on the title of the intangible assets as at the reporting date. Further, there were no items pledged as
securities for liabilities.

Intangible assets of the Bank as at 31st December 2018 only include computer software and cost of licenses. Rates of amortisation
for computer software and licenses are given in Note 15, ‘Other operating expenses’.

SAMPATH SIMPLIFIED 285

NOTES TO THE
FINANCIAL STATEMENTS

33 INTANGIBLE ASSETS CONTD.

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Cost
Balance as at 1st January 2,077,871 1,294,959 2,206,151 1,359,300
Additions & improvements 516,985 782,912 609,189 846,889
'LVSRVDOZULWHR΍GXULQJWKH\HDU (8,582) - (8,582) (38)
Cost as at 31st December 2,586,274 2,077,871 2,806,758 2,206,151

Accumulated Amortisation
Balance as at 1st January 1,131,026 957,611 1,209,448 1,003,169
Charge for the year (Note 15) 322,898 173,415 343,492 182,317
Impairment for the year - - 33,371 24,000
'LVSRVDOZULWHR΍GXULQJWKH\HDU (5,072) - (5,072) (38)
Accumulated amortisation as at 31st December 1,448,852 1,131,026 1,581,239 1,209,448
Net book value as at 31st December 1,137,422 946,845 1,225,519 996,703

ƒƓ  !! $*Ґ""$"ґņ$"

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Recognised under assets (989,343) - (989,416) (401)

Recognised under liabilities - 1,353,339 1,536,772 2,776,681
(989,343) 1,353,339 547,356 2,776,280

1HWGHIHUUHGWD[DVVHWVOLDELOLWLHVRIRQHHQWLW\FDQQRWEHVHWR΍DJDLQVWDQRWKHUHQWLW\

VDVVHWVOLDELOLWLHVVLQFHWKHUHLVQROHJDOO\
HQIRUFHDEOHULJKWWRVHWR΍7KHUHIRUHQHWGHIHUUHGWD[DVVHWVDQGOLDELOLWLHVRIGL΍HUHQWHQWLWLHVDUHVHSDUDWHO\UHFRJQLVHGLQWKH
Statement of Financial Position.

286 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
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ƒƓĺƐ oˆ;l;m|bm ;=;uu;7$-Šb-0bѴbঞ;vņŐvv;|vő

Bank

Accelerated Depreciation Provision Revaluation Retirement Tax Losses Gain / Other Total
for Tax Purposes for loan on Land & %HQHȴW on Leasing (Loss) on
Property, Leased losses Buildings Obligation Operation FVOCI/AFS
Plant & Assets Assets
Equipment
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 340,798 907,434 - 118,633 (170,780) (308,019) - (15,272) 872,794
3URȴWRUORVV1RWH 65,503 112,277 (391,189) - (94,881) 164,673 - (16,325) (159,942)
Other comprehensive income - - - 818,222 (177,735) - - - 640,487
Balance as at 31st December
2017 406,301 1,019,711 (391,189) 936,855 (443,396) (143,346) - (31,597) 1,353,339

Impact on adoption of SLFRS 9 - - (826,821) - - - - - (826,821)

Adjusted balance as at
1st January 2018 406,301 1,019,711 (1,218,010) 936,855 (443,396) (143,346) - (31,597) 526,518
3URȴWRUORVV1RWH 64,385 (180,775) (1,861,348) - (70,232) 143,346 - (48,241) (1,952,865)
Other comprehensive income - - - - (14,403) - 451,407 - 437,004
Balance as at 31st December
2018 470,686 838,936 (3,079,358) 936,855 (528,031) - 451,407 (79,838) (989,343)

Group

Accelerated Depreciation Provision Revaluation Retirement Tax Losses Gain / Other Total
for Tax Purposes for loan on Land & %HQHȴW on Leasing (Loss) on
Property, Leased losses Buildings Obligation Operation FVOCI/AFS
Plant & Assets Assets
Equipment
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 377,098 1,569,712 - 118,633 (179,589) (755,823) - (53,214) 1,076,817
3URȴWRUORVV1RWH 66,147 531,224 (391,189) - (96,322) (104,780) - (15,871) (10,791)
Other comprehensive income - - - 1,891,063 (180,809) - - - 1,710,254
Balance as at 31st December
2017 443,245 2,100,936 (391,189) 2,009,696 (456,720) (860,603) - (69,085) 2,776,280

Impact on adoption of SLFRS 9 - - (851,070) - - - - - (851,070)

Adjusted balance as at
1st January 2018 443,245 2,100,936 (1,242,259) 2,009,696 (456,720) (860,603) - (69,085) 1,925,210
3URȴWRUORVV1RWH 3,619 (662,426) (1,839,319) - (72,839) 833,265 - (77,979) (1,815,679)
Other comprehensive income - - - - (13,582) - 451,407 - 437,825
Balance as at 31st December
2018 446,864 1,438,510 (3,081,578) 2,009,696 (543,141) (27,338) 451,407 (147,064) 547,356

SAMPATH SIMPLIFIED 287

NOTES TO THE
FINANCIAL STATEMENTS

35 OTHER ASSETS

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Pre-paid expenses 674,810 403,130 746,404 459,403

Reimbursement under special
senior citizen deposit scheme 3,263,769 1,991,372 3,263,769 1,991,372
Other debtors 2,378,672 2,389,176 2,967,072 2,806,912
3UHSDLGVWD΍FRVW1RWH 2,968,127 2,433,049 2,991,843 2,446,286
Refundable deposits 96,955 81,685 44,437 26,212
&RPPLVVLRQUHFHLYDEOHRQȴQDQFLDOJXDUDQWHHV1RWH 93,012 105,051 93,012 105,051
9,475,345 7,403,463 10,106,537 7,835,236

ƒƔĺƐ $_;oˆ;l;m|bm|_;u;Ŋ-b7"|-@ov|

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2,433,049 1,960,290 2,446,286 1,966,756

Add : Adjustment for new grants (net of settlements) 807,883 724,642 827,518 732,297
Charge to personnel expenses (272,805) (251,883) (281,961) (252,767)
Balance as at 31st December 2,968,127 2,433,049 2,991,843 2,446,286

ƒƔĺƑ ollbvvbom!;1;bˆ-0Ѵ;om bm-m1b-Ѵ†-u-m|;;v

Bank & Group

2018 2017
Rs 000 Rs 000

Balance as at 1st January 105,051 115,370

Interest income 8,458 9,390
Commission received (20,497) (19,709)
Balance as at 31st December 93,012 105,051

36 DUE TO BANKS

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Local Currency Deposits

Demand deposits 30,906 50,832 30,906 50,832
Savings deposits 550 532 550 532
Term deposits 6,630,968 3,745,272 6,630,968 3,745,272
Total local currency deposits 6,662,424 3,796,636 6,662,424 3,796,636

Foreign Currency Deposits

Demand deposits 1,044,081 830,700 1,044,081 830,700
Total foreign currency deposits 1,044,081 830,700 1,044,081 830,700
Total deposits 7,706,505 4,627,336 7,706,505 4,627,336

Unfavourable balances with local & foreign banks 1,194,958 116,412 1,258,352 192,951
8,901,463 4,743,748 8,964,857 4,820,287

288 SAMPATH BANK PLC Annual Report 2018

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37 DUE TO OTHER CUSTOMERS

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Local Currency Deposits

Demand deposits 29,654,671 32,128,199 29,647,570 32,124,527
Saving deposits 174,415,928 165,844,789 174,199,790 165,648,008
Call deposits 138,441 126,358 138,441 126,358
Term deposits 395,594,414 354,757,444 405,100,141 363,798,498
&HUWLȴFDWHVRIGHSRVLWV 15,860,591 15,500,048 15,860,591 15,500,048
Margin deposits 2,730,520 1,558,972 2,730,520 1,545,480
Total local currency deposits 618,394,565 569,915,810 627,677,053 578,742,919

Foreign Currency Deposits

Demand deposits 4,688,043 2,639,248 4,688,043 2,639,248
Saving deposits 23,004,614 18,548,653 23,004,614 18,548,612
Call deposits - 660,943 - 660,943
Term deposits 44,168,021 34,017,317 44,168,021 34,017,317
Margin deposits 123,309 32,342 123,309 32,342
Total foreign currency deposits 71,983,987 55,898,503 71,983,987 55,898,462

Total deposits 690,378,552 625,814,313 699,661,040 634,641,381

ƒƕĺƐ †uu;m|11o†m|v-m7"-ˆbm]v11o†m|vŐ"ő

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

CASA
Local currency deposits 204,102,055 198,024,352 203,878,816 197,823,899
Foreign currency deposits 28,736,738 22,018,601 28,736,738 22,018,560
232,838,793 220,042,953 232,615,554 219,842,459

Total Deposits
Due to other customers 690,378,552 625,814,313 699,661,040 634,641,381
Due to banks - Demand, savings & term deposits (Note 36) 7,706,505 4,627,336 7,706,505 4,627,336
698,085,057 630,441,649 707,367,545 639,268,717

CASA as a percentage (%) of total deposits 33.4 34.9 32.9 34.4

SAMPATH SIMPLIFIED 289

NOTES TO THE
FINANCIAL STATEMENTS

ƒѶ $""& ş$!!!)  & "

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Redeemable debentures (Note 38.1) 34,297,696 31,532,803 38,957,631 36,192,070

Long term bond (Note 38.2) 2,314,880 2,120,767 2,314,880 2,120,767
Call borrowings 1,154,953 2,264,332 1,154,953 2,264,332
Term borrowings 5,101,507 - 16,866,711 10,499,645
Foreign currency borrowings 42,450,919 35,756,777 42,450,919 35,756,777
5HȴQDQFHERUURZLQJV 4,628,451 4,423,561 4,628,451 4,423,561
89,948,406 76,098,240 106,373,545 91,257,152

The Bank/Group has not had any default of principal, interest or other breaches with regard to any liability during 2017 and 2018.

ƒѶĺƐ !;7;;l-0Ѵ; ;0;m|†u;v

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 31,532,803 27,009,027 36,192,070 30,624,287

Debentures issued 7,500,000 6,000,000 7,500,000 7,000,000
Debentures redeemed (5,000,000) (1,500,000) (5,000,000) (1,500,000)
34,032,803 31,509,027 38,692,070 36,124,287
Interest accrued during the year (Note 8.2) 4,131,467 2,905,372 4,679,757 3,359,244
Interest paid (3,866,574) (2,881,596) (4,414,196) (3,291,461)
Balance as at 31st December 34,297,696 31,532,803 38,957,631 36,192,070

Amortised Cost
Details of Debentures Issued Note No. of Face Value 2018 2017
Debentures
Rs 000 Rs 000 Rs 000

Debentures issued by the Bank

Debentures issued in 2013 38.1.1 50,000,000 5,000,000 - 5,000,000
Debentures issued in 2014 38.1.2 70,000,000 7,000,000 7,000,000 7,000,000
Debentures issued in 2015 38.1.3 70,000,000 7,000,000 7,083,957 7,083,627
Debentures issued in 2016 38.1.4 60,000,000 6,000,000 6,426,581 6,426,573
Debentures issued in 2017 38.1.5 60,000,000 6,000,000 6,022,603 6,022,603
Debentures issued in 2018 38.1.6 75,000,000 7,500,000 7,764,555 -
Total debentures issued by the Bank 38,500,000 34,297,696 31,532,803

Debentures issued by the Subsidiary,

Siyapatha Finance PLC

Debentures issued in 2014 38.1.7 10,000,000 1,000,000 1,036,223 1,035,555

Debentures issued in 2016 38.1.8 25,000,000 2,500,000 2,593,233 2,593,233
Debentures issued in 2017 38.1.9 10,000,000 1,000,000 1,030,479 1,030,479
Total debentures issued by the subsidiary 4,500,000 4,659,935 4,659,267

Total debentures issued by the Group 43,000,000 38,957,631 36,192,070

290 SAMPATH BANK PLC Annual Report 2018

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Debentures Issued by the Bank :

ƒѶĺƐĺƐ ;0;m|†u;vvv†;7bmƑƏƐƒ
Rated unsecured subordinated redeemable 5-year debentures of Rs 100/- each issued in 2013. The debentures are quoted on the
Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

15,541,900 1,554,190 - 1,554,190 04-Dec-13 04-Dec-18 Fixed - 13.00 % per annum

payable semi-annually
34,458,100 3,445,810 - 3,445,810 04-Dec-13 04-Dec-18 Fixed - 13.40 % per annum
payable annually
50,000,000 5,000,000 - 5,000,000

The Bank has redeemed the above debentures on 04th December 2018.

ƒѶĺƐĺƑ ;0;m|†u;vvv†;7bmƑƏƐƓ
Rated unsecured subordinated redeemable 5-year debentures of Rs 100/- each issued in 2014. The debentures are quoted on the
Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

31,765,500 3,176,550 3,176,550 3,176,550 15-Dec-14 14-Dec-19 Fixed - 8.25% per annum
payable annually
38,234,500 3,823,450 3,823,450 3,823,450 15-Dec-14 14-Dec-19 Fixed - 8.10% per annum
payable semi annually
70,000,000 7,000,000 7,000,000 7,000,000

ƒѶĺƐĺƒ ;0;m|†u;vvv†;7bmƑƏƐƔ
Rated unsecured subordinated redeemable 5-year debentures of Rs 100/- each issued in 2015. The debentures are quoted on the
Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

67,412,700 6,741,270 6,821,722 6,821,722 18-Nov-15 18-Nov-20 Fixed - 9.90% per annum
payable semi annually
2,587,300 258,730 262,235 261,905 18-Nov-15 18-Nov-20 Floating rate is equivalent
to the six months treasury
bill rate (net) plus 1.25 %
per annum payable semi-
annually
70,000,000 7,000,000 7,083,957 7,083,627

SAMPATH SIMPLIFIED 291

NOTES TO THE
FINANCIAL STATEMENTS

ƒѶ $""& ş$!!!)  & "$ ĺ

ƒѶĺƐĺƓ ;0;m|†u;vvv†;7bmƑƏƐѵ
Rated unsecured subordinated redeemable 5-year debentures of Rs 100/- each issued in 2016. The debentures are quoted on the
Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

59,526,500 5,952,650 6,378,917 6,378,917 10-Jun-16 10-Jun-21 Fixed - 12.75% per annum
payable annually
473,500 47,350 47,664 47,656 10-Jun-16 10-Jun-21 Floating rate is equivalent to
the six months treasury bill rate
(gross) plus 1 % per annum
payable semi-annually
60,000,000 6,000,000 6,426,581 6,426,573

ƒѶĺƐĺƔ ;0;m|†u;vvv†;7bmƑƏƐƕ
Basel III Compliant - Tier II listed rated unsecured subordinated redeemable 5 year debentures with a non - viability conversion, at a
par value of Rs 100/- each issued in 2017. The debentures are quoted on the Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

60,000,000 6,000,000 6,022,603 6,022,603 21-Dec-17 21-Dec-22 Fixed - 12.50% per annum
payable semi - annually
60,000,000 6,000,000 6,022,603 6,022,603

ƒѶĺƐĺѵ ;0;m|†u;vvv†;7bmƑƏƐѶ
Basel III Compliant - Tier II listed rated unsecured subordinated redeemable 5 year debentures with a non - viability conversion, at a
par value of Rs 100/- each issued in 2018. The debentures are quoted on the Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

75,000,000 7,500,000 7,764,555 - 20-Mar-18 20-Mar-23 Fixed - 12.50% per annum

payable semi - annually
75,000,000 7,500,000 7,764,555 -

292 SAMPATH BANK PLC Annual Report 2018

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Debentures Issued by the Subsidiary, Siyapatha Finance PLC:

ƒѶĺƐĺƕ ;0;m|†u;vvv†;7bmƑƏƐƓ
Rated unsecured subordinated redeemable 5-year debentures of Rs 100/- each issued in 2014. The debentures are quoted on the
Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

10,000,000 1,000,000 1,036,223 1,035,555 24-Dec-14 24-Dec-19 Fixed - 8.90% per annum
payable annually
10,000,000 1,000,000 1,036,223 1,035,555

ƒѶĺƐĺѶ ;0;m|†u;vvv†;7bmƑƏƐѵ
Rated unsecured senior transferable fully paid redeemable 5 year & 3 year debentures of Rs 100/- each issued in 2016. The
debentures are quoted on the Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

14,219,900 1,421,990 1,474,156 1,474,156 20-Sep-16 20-Sep-19 Fixed - 13.00% per annum
payable annually
10,780,100 1,078,010 1,119,077 1,119,077 20-Sep-16 20-Sep-21 Fixed - 13.50% per annum
payable annually
25,000,000 2,500,000 2,593,233 2,593,233

ƒѶĺƐĺƖ ;0;m|†u;vvv†;7bmƑƏƐƕ
Rated unsecured subordinated transferable fully paid redeemable 5 year debentures of Rs 100/- each issued in 2017. The debentures
are quoted on the Colombo Stock Exchange.

Amortised Cost
No. of Face Value 2018 2017 Allotment Maturity Rate of Interest
Debentures Date Date
Rs 000 Rs 000 Rs 000

10,000,000 1,000,000 1,030,479 1,030,479 04-Oct-17 04-Oct-22 Fixed - 12.50% per annum
payable annually
10,000,000 1,000,000 1,030,479 1,030,479

SAMPATH SIMPLIFIED 293

NOTES TO THE
FINANCIAL STATEMENTS

ƒѶ $""& ş$!!!)  & "$ ĺ

ƒѶĺƑ om]$;ulom7
Bank & Group
The Bank has issued a redeemable zero coupon bond in 2003 with a redemption value of Rs 3,458 Mn which will be matured on 1st
August 2023.

2018 2017
Rs 000 Rs 000

Balance as at 1st January 2,120,767 1,942,931

Interest accrued 194,113 177,836
Balance as at 31st December 2,314,880 2,120,767

ƒƖ &!!$$*$"ņҐ!("ґ

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Current tax liabilities 9,540,868 5,527,323 9,682,482 5,630,670

Current tax receivables - - (23,360) (6,425)
Net current tax liability (Note 39.1) 9,540,868 5,527,323 9,659,122 5,624,245

ƒƖĺƐ †uu;m|$-Šb-0bѴbঞ;vņŐ!;1;bˆ-0Ѵ;vő

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 5,527,323 4,316,297 5,624,245 4,375,886

&XUUHQWWD[EDVHGRQSURȴWIRUWKH\HDU1RWH 8,425,713 5,596,868 8,600,997 5,775,580
Over provision in respect of previous years (Note 17) (265,666) (935,121) (269,822) (937,061)
Payment of tax (4,146,502) (3,450,721) (4,296,298) (3,590,160)
Balance as at 31st December 9,540,868 5,527,323 9,659,122 5,624,245

294 SAMPATH BANK PLC Annual Report 2018

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40 OTHER LIABILITIES

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Deposit insurance premium 156,110 176,522 157,160 177,583

Deferred income 610,600 589,123 620,233 589,123
Lease payable 439,988 436,478 - -
Bills payable 1,277,841 2,277,242 1,277,841 2,277,242
Items in transit 950,638 1,289,087 950,638 1,289,087
Accrued expenses 2,780,635 3,060,849 2,951,523 3,231,737
Impairment provision for expected credit loss - credit related
commitments & contingencies (Note 46.2) 1,184,087 n/a 1,184,087 n/a
Other payable 4,998,623 3,912,846 5,671,052 5,047,757
12,398,522 11,742,147 12,812,534 12,612,529

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

41 OTHER PROVISIONS

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Provision for gratuity (Note 41.1) 734,664 618,639 792,920 669,448

Leave accrual plan (Note 41.2) 221,134 196,979 221,134 196,979
EPF interest guarantee plan (Note 41.3) 92,254 101,890 92,254 101,890
Liability for pension fund (Note 41.4) 837,772 666,050 837,772 666,050
1,885,824 1,583,558 1,944,080 1,634,367

ƓƐĺƐ uoˆbvbom=ouu-|†b|‹
Net Liability Recognised in the Statement of Financial Position

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 618,639 497,993 669,448 531,628

Provision made during the year (Note 41.1.1) 169,410 164,636 184,012 189,248
788,049 662,629 853,460 720,876
%HQHȴWVSDLGE\WKHSODQ (53,385) (43,990) (60,540) (51,428)
Balance as at 31st December (Note 41.1.2) 734,664 618,639 792,920 669,448

SAMPATH SIMPLIFIED 295

NOTES TO THE
FINANCIAL STATEMENTS

41 OTHER PROVISIONS CONTD.

ƓƐĺƐĺƐ uoˆbvbom-7; †ubm]|_;+;-u
 $PRXQWV5HFRJQLVHGLQ3URȴWRU/RVV

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Current service cost 68,233 59,546 79,734 68,588

1HWLQWHUHVWRQWKHQHWGHȴQHGEHQHȴWOLDELOLW\ 63,658 59,261 69,692 63,403
7RWDODPRXQWUHFRJQLVHGLQSURȴWRUORVV 131,891 118,807 149,426 131,991

Amounts Recognised in OCI

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Actuarial (gain) / loss due to changes in assumptions*

Financial assumptions (30,535) 10,459 (37,867) 19,776
Demographic assumptions - - 3,331 -
Actuarial experience loss arising during the year 68,054 35,370 69,122 37,481
Total actuarial loss recognised in OCI 37,519 45,829 34,586 57,257

Provision made during the year 169,410 164,636 184,012 189,248

6LJQLȴFDQWDVVXPSWLRQVXVHGIRUWKHDFWXDULDOYDOXDWLRQDUHJLYHQLQ1RWH

ƓƐĺƐĺƑ oˆ;l;m|o= ;Cm;7;m;C|0Ѵb]-ঞom †ubm]|_;+;-u

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 618,639 497,993 669,448 531,628

Current service cost 68,233 59,546 79,734 68,588
Interest cost 63,658 59,261 69,692 63,403
%HQHȴWVSDLGIURPSODQ (53,385) (43,990) (60,540) (51,428)
Actuarial loss / (gain) due to changes in assumptions
Financial assumptions (30,535) 10,459 (37,867) 19,776
Demographic assumptions - - 3,331 -
Actuarial experience loss 68,054 35,370 69,122 37,481
Balance as at 31st December 734,664 618,639 792,920 669,448

An Actuarial valuation of the gratuity fund of the Bank was carried out as at 31st December 2018 by Mr Piyal S Goonetilleke (Fellow of
6RFLHW\RI$FWXDULHV86$RI0HVVUV3L\DO6*RRQHWLOOHNH $VVRFLDWHVDȴUPRISURIHVVLRQDODFWXDULHV7KHYDOXDWLRQPHWKRGXVHG
by the actuary to value the Fund is the "Projected Unit Credit Method", recommended by Sri Lanka Accounting Standard - LKAS 19
(PSOR\HH%HQHȴWV

296 SAMPATH BANK PLC Annual Report 2018

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ƓƐĺƐĺƒ 1|†-ub-Ѵvv†lrঞomvŊ-mh

As at 31st December 2018 2017

Financial assumptions
Discount rate 12.19% 10.29%
Future salary increment rate 11.39% 9.82%
Demographic assumptions
RP 2000 RP 2000
Mortality Mortality Table Mortality Table
Retirement age 55 years 55 years

Expected average future working life of the active participants is 11.1 years.

ƓƐĺƐĺƓ ";mvbঞˆb|‹o=vv†lrঞomvlrѴo‹;7bmu-|†b|‹(-Ѵ†-ঞomŊ-mh

 5HDVRQDEO\SRVVLEOHFKDQJHVDWWKHUHSRUWLQJGDWHWRRQHRIWKHVLJQLȴFDQWDFWXDULDODVVXPSWLRQVKROGLQJRWKHUDVVXPSWLRQV
FRQVWDQWZRXOGKDYHD΍HFWHGWKHJUDWXLW\OLDELOLW\6WDWHPHQWRI&RPSUHKHQVLYHΖQFRPHE\WKHDPRXQWVVKRZQEHORZ

Increase / Increase / 2018 2017

(Decrease) in (Decrease) in 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW
Discount Rate Salary Increment on Comprehensive on Gratuity on Comprehensive on Gratuity
Rate Income Statement Liability Income Statement Liability
Increase/ Increase/ Increase/ Increase/
(Decrease) in (Decrease) in (Decrease) in (Decrease) in
Comprehensive Liability Comprehensive Liability
Income for the Income for the
Year Year
Rs Mn Rs Mn Rs Mn Rs Mn

1% - 77.9 (77.9) 66.7 (66.7)

(1%) - (92.9) 92.9 (80.2) 80.2
- 1% (91.1) 91.1 (78.4) 78.4
- (1%) 77.9 (77.9) 66.6 (66.6)

All subsidiaries of the Group carry out actuarial valuations to ascertain their respective gratuity liabilities. However assumptions and
the sensitivity of the assumptions have been given only for the gratuity fund of the Bank since subsidiary gratuity liabilities do not have
a material impact on the Group Financial Statements.

ƓƐĺƑ ;-ˆ;11u†-ѴѴ-m
ƓƐĺƑĺƐ ;|b-0bѴb|‹!;1o]mbv;7bm|_;"|-|;l;m|o= bm-m1b-Ѵovbঞom
Bank & Group

2018 2017
Rs 000 Rs 000

Balance as at 1st January 196,979 167,503

Provision made during the year 24,155 29,476
Balance as at 31st December 221,134 196,979

SAMPATH SIMPLIFIED 297

NOTES TO THE
FINANCIAL STATEMENTS

41 OTHER PROVISIONS CONTD.

ƓƐĺƒ  m|;u;v|†-u-m|;;Ѵ-m
Employees’ Provident Fund (EPF) is an approved private provident fund which has been set up to meet the provident fund liabilities of
the Bank to which the Bank and employees contribute 12% and 8% respectively on the salary of each employee. Employees who are
PHPEHUVRIWKHIXQGDUHHQWLWOHGWRUHFHLYHLQWHUHVWDWDJXDUDQWHHGUDWHRI1DWLRQDO6DYLQJV%DQN
VRQH\HDUȴ[HGGHSRVLWUDWHQHWRI
LQFRPHWD[RQWKHLUEDODQFHHYHQLIWKHIXQGHDUQVDORZHUUHWXUQIURPLWVLQYHVWPHQWLQDJLYHQȴQDQFLDO\HDU$VSHU6HFWLRQRIWKH
EPF Constitution, the Bank shall contribute any shortfall in the revenue account of the fund, after payment of interest at the said rate
and other cost of administering the fund. Thus the Bank's obligation to EPF is not limited to only 12% contribution referred to above
DQGDFFRUGLQJO\WKHIXQGZDVWUHDWHGDVDGHȴQHGEHQHȴWOLDELOLW\DVSHU6UL/DQND$FFRXQWLQJ6WDQGDUG/.$6(PSOR\HH%HQHȴWV
An actuarial valuation was carried out by Mr Piyal S Goonetilleke (Fellow of Society of Actuaries - USA) of Messrs Piyal S Goonetilleke &
$VVRFLDWHVDȴUPRISURIHVVLRQDODFWXDULHVWRYDOXHWKH%DQN
VDGGLWLRQDOREOLJDWLRQDULVLQJIURP6HFWLRQRIWKH(3)FRQVWLWXWLRQDVDW
31st December 2018.

ƓƐĺƒĺƐ ;|b-0bѴb|‹!;1o]mbv;7bm|_;"|-|;l;m|o= bm-m1b-Ѵovbঞom

Bank & Group

As at 31st December 2018 2017

Rs 000 Rs 000

Fund obligation as at 31st December 11,695,490 10,337,918

Fair value of plan assets as at 31st December (11,603,236) (10,236,028)
Net liability recognised in the Statement of Financial Position 92,254 101,890

ƓƐĺƒĺƑ lo†m|v!;1o]mbv;7bmuoC|ouovv
Bank & Group

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Current service cost 7,720 6,308

ΖQWHUHVWH[SHQVHRQGHȴQHGEHQHȴWOLDELOLW\ 10,484 9,870
7RWDODPRXQWUHFRJQLVHGLQSURȴWRUORVV 18,204 16,178

ƓƐĺƒĺƒ lo†m|v!;1o]mbv;7bm
Bank & Group

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Actuarial (gain) / loss due to changes in assumptions*

Financial assumptions (23,329) 9,900
Demographic assumptions - -
Actuarial gain due to experience adjustments (4,511) (7,132)
Total amount recognised in OCI (27,840) 2,768

6LJQLȴFDQWDVVXPSWLRQVXVHGIRUWKHDFWXDULDOYDOXDWLRQDUHJLYHQLQ1RWH

ƓƐĺƒĺƓ oˆ;l;m|o=|_;;|b-0bѴb|‹!;1o]mbv;7bm|_;"|-|;l;m|o= bm-m1b-Ѵovbঞom

Bank & Group

2018 2017
Rs 000 Rs 000

Balance as at 1st January 101,890 82,944

Current service cost and interest cost 18,204 16,178
Actuarial (gain) / loss (27,840) 2,768
Balance as at 31st December 92,254 101,890

298 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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"&$!+ !$

ƓƐĺƒĺƔ 1|†-ub-Ѵvv†lrঞomvŊ-mh

2018 2017

Financial assumptions
Discount rate 12.19% 10.29%
Future salary increment rate 11.39% 9.82%
Return from EPF investments 8.78% 9.87%
Long term guaranteed EPF interest rate (net of tax) 9.03% 10.12%
Demographic assumptions
Mortality RP 2000 RP 2000
Mortality Table Mortality Table
Expected average future working life of the active participants is 11.1 years.

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5HDVRQDEO\SRVVLEOHFKDQJHVDWWKHUHSRUWLQJGDWHWRRQHRIWKHVLJQLȴFDQWDFWXDULDODVVXPSWLRQVKROGLQJRWKHUDVVXPSWLRQV
FRQVWDQWZRXOGKDYHD΍HFWHGWKH(3)LQWHUHVWJXDUDQWHHOLDELOLW\6WDWHPHQWRI&RPSUHKHQVLYHΖQFRPHE\WKHDPRXQWVVKRZQEHORZ

Increase / Increase / 2018 2017

(Decrease) in (Decrease) in 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW
Discount Rate Salary Increment on Comprehensive on Employment on Comprehensive on Employment
Rate Income Statement %HQHȴW2EOLJDWLRQ Income Statement %HQHȴW2EOLJDWLRQ
Increase/ Increase/ Increase/ Increase/
(Decrease) in (Decrease) in (Decrease) in (Decrease) in
Comprehensive Liability Comprehensive Liability
Income for the Income for the
Year Year
Rs Mn Rs Mn Rs Mn Rs Mn

1% - 8.7 (8.7) 10.4 (10.4)

(1%) - (10.0) 10.0 (12.2) 12.2
- 1% (1.7) 1.7 (1.9) 1.9
- (1%) 1.6 (1.6) 1.7 (1.7)

ƓƐĺƓ ;mvbom †m7

ƓƐĺƓĺƐ ;|b-0bѴb|‹!;1o]mbv;7bm|_;"|-|;l;m|o= bm-m1b-Ѵovbঞom
Bank & Group

As at 31st December 2018 2017

Rs 000 Rs 000

Present value of funded obligations as at 31st December (Note 41.4.4) 7,467,660 6,986,957
Fair value of plan assets as at 31st December (Note 41.4.5) (6,629,888) (6,320,907)
Funded status 837,772 666,050
3UHVHQWYDOXHRIXQIXQGHGEHQHȴWREOLJDWLRQ - -
Net liability recognised in the Statement of Financial Position 837,772 666,050

SAMPATH SIMPLIFIED 299

NOTES TO THE
FINANCIAL STATEMENTS

41 OTHER PROVISIONS CONTD.

ƓƐĺƓĺƑ lo†m|v!;1o]mbv;7bmuoC|ouovv
Bank & Group

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Current service cost 265,618 225,322

1HWLQWHUHVWH[SHQVHLQFRPHRQWKHQHWGHȴQHGEHQHȴWOLDELOLW\DVVHW 82,737 (6,930)
7RWDODPRXQWUHFRJQLVHGLQSURȴWRUORVV 348,355 218,392

ƓƐĺƓĺƒ lo†m|v!;1o]mbv;7bm
Bank & Group

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Actuarial (gain) / loss due to changes in assumptions*

Financial assumptions (722,018) 585,382
Demographic assumptions - -
Actuarial loss due to experience adjustments 363,161 53,675
Actuarial loss / (gain) from plan assets 400,617 (52,888)
Total amount recognised in OCI 41,760 586,169
6LJQLȴFDQWDVVXPSWLRQVXVHGIRUWKHDFWXDULDOYDOXDWLRQDUHJLYHQLQ1RWH

ƓƐĺƓĺƓ ;Cm;7;m;C|0Ѵb]-ঞom!;1om1bѴb-ঞom
Bank & Group

2018 2017
Rs 000 Rs 000

'HȴQHGEHQHȴWREOLJDWLRQDVDWVW-DQXDU\ 6,986,957 5,587,056

Current service cost 265,618 225,322
Interest cost 755,989 687,208
$FWXDOEHQHȴWVSDLGIURPSODQ (182,047) (151,686)
Actuarial (gain) / loss due to changes in assumptions
Financial assumptions (722,018) 585,382
Demographic assumptions - -
Actuarial loss due to experience adjustments 363,161 53,675
'HȴQHGEHQHȴWREOLJDWLRQDVDWVW'HFHPEHU 7,467,660 6,986,957

ƓƐĺƓĺƔ -bu(-Ѵ†;o=Ѵ-mvv;|v!;1om1bѴb-ঞom
Bank & Group

2018 2017
Rs 000 Rs 000

Fair value of plan assets as at 1st January 6,320,907 5,725,567

Interest income on plan assets 673,252 694,138
Actual employer contributions 218,393 -
$FWXDOEHQHȴWVSDLGIURPSODQ (182,047) (151,686)
Actuarial (loss) / gain from plan assets (400,617) 52,888
Fair value of plan assets as at 31st December 6,629,888 6,320,907

An actuarial valuation of the Pension Fund was carried out as at 31st December 2018 by Mr Piyal S Goonetilleke (Fellow of Society
$FWXDULHV86$RI0HVVUV3L\DO6*RRQHWLOOHNH $VVRFLDWHVDȴUPRISURIHVVLRQDODFWXDULHV7KHYDOXDWLRQPHWKRGXVHGE\WKH
actuary to value the Fund is the "Projected Unit Credit Method", recommended by Sri Lanka Accounting Standard - LKAS 19 (Employee
%HQHȴWV

300 SAMPATH BANK PLC Annual Report 2018

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41.4.5 (a) Fair Value of Plan Assets Consists of the Following

As at 31st December 2018 2017

Rs 000 Rs 000

Equity securities and debentures 1,513,403 1,649,869

Government securities 14,066 226,894
Term deposits 4,862,824 4,184,134
Others 239,595 260,010
Fair value of plan assets 6,629,888 6,320,907

ƓƐĺƓĺѵ 1|†-ub-Ѵvv†lrঞomv
Bank & Group

As at 31st December 2018 2017

Financial assumptions
Discount rate 12.39% 10.82%
Future salary increment rate 11.39% 9.82%
Expected return on assets 12.39% 10.82%
Demographic assumptions
Mortality RP 2000 Mortality RP 2000 Mortality
Table Table
Retirement age Normal retirement age Normal retirement age
or age on valuation or age on valuation
date, if greater date, if greater

y Expected average future life of the active and retired participants is 33.4 years.

ƓƐĺƓĺƕ ";mvbঞˆb|‹o=vv†lrঞomvlrѴo‹;7bm;mvbom †m7(-Ѵ†-ঞom

 5HDVRQDEO\SRVVLEOHFKDQJHVDWWKHUHSRUWLQJGDWHWRRQHRIWKHVLJQLȴFDQWDFWXDULDODVVXPSWLRQVKROGLQJRWKHUDVVXPSWLRQV
FRQVWDQWZRXOGKDYHD΍HFWHGWKHQHWSHQVLRQOLDELOLW\6WDWHPHQWRI&RPSUHKHQVLYHΖQFRPHE\WKHDPRXQWVVKRZQEHORZ

Increase / Increase / 2018 2017

(Decrease) in (Decrease) 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFWRQ 6HQVLWLYLW\(΍HFW 6HQVLWLYLW\(΍HFW
Discount Rate in Salary on Statement of (PSOR\PHQW%HQHȴW on Statement of on Employment
Increment Rate Comprehensive Obligation Comprehensive %HQHȴW2EOLJDWLRQ
Income Increase/(Decrease) Income Increase/(Decrease)
Increase/(Decrease) in Net Pension Increase/(Decrease) in Net Pension
in Comprehensive Liability in Comprehensive Liability
Income for the Year Income for the Year
Rs Mn Rs Mn Rs Mn Rs Mn

1% - 718.0 (718.0) 744.0 (744.0)

(1%) - (832.3) 832.3 (887.0) 887.0
- 1% (365.7) 365.7 (389.2) 389.2
- (1%) 349.4 (349.4) 359.2 (359.2)

SAMPATH SIMPLIFIED 301

NOTES TO THE
FINANCIAL STATEMENTS

42 STATED CAPITAL
Bank & Group

2018 2017
Rs 000 Rs 000

Balance as at 1st January 16,307,722 6,471,200

Rights issue 12,532,052 7,602,778
Scrip dividend 3,956,178 2,233,744
Balance as at 31st December 32,795,952 16,307,722

Rights, preferences and restrictions of classes of capital

The holders of ordinary shares have the right to receive dividend as declared from time to time and are entitled to one vote per share
at the Annual General Meeting of the Bank.

ƓƑĺƐ !;1om1bѴb-ঞomo=†l0;uo="_-u;v
Bank & Group

2018 2017

Ordinary shares as at 1st January 217,222,236 176,981,069

Number of shares issued under rights issue 50,128,208 31,031,748
1XPEHURIVKDUHVLVVXHGGXHWRȴQDOVFULSGLYLGHQG UHVSHFWLYHO\ 13,551,804 9,209,419
Ordinary shares as at 31st December 280,902,248 217,222,236

43 STATUTORY RESERVE FUND

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2,860,000 2,250,000 2,973,000 2,336,422

Transfer during the year 610,000 610,000 636,000 636,578
Balance as at 31st December 3,470,000 2,860,000 3,609,000 2,973,000

The statutory reserve fund is maintained as required by the section 20 (1) of the Banking Act No. 30 of 1988. A sum equivalent to not
OHVVWKDQRIWKHSURȴWDIWHUWD[EHIRUHDQ\GLYLGHQGLVGHFODUHGRUDQ\SURȴWVDUHWUDQVIHUUHGWRHOVHZKHUHVKRXOGEHWUDQVIHUUHG
to above reserve until the reserve is equal to 50% of the Bank's stated capital. Thereafter a further sum equivalent to 2% of such
SURȴWVVKRXOGEHWUDQVIHUUHGWRWKHVWDWXWRU\UHVHUYHIXQGXQWLOWKHDPRXQWRIWKHVDLGUHVHUYHIXQGLVHTXDOWRWKHVWDWHGFDSLWDORI
the Bank.

44 OTHER RESERVES

Bank Group
As at 31st December 2018* 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000

Revaluation reserve (Note 44.1) 2,409,050 2,409,050 5,093,154 5,093,154

Available for sale reserve (Note 44.2) n/a 2,299,721 n/a 2,299,721
Fair value through other comprehensive
income reserve (Note 44.3) 1,160,765 n/a 1,160,765 n/a
General reserve (Note 44.4) 38,909,901 33,701,025 38,909,902 33,701,026
42,479,716 38,409,796 45,163,821 41,093,901

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

302 SAMPATH BANK PLC Annual Report 2018

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ƓƓĺƐ !;ˆ-Ѵ†-ঞom!;v;uˆ;

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2,409,050 2,404,631 5,093,154 5,653,471

Revaluation surplus - 822,641 - 1,330,746
'HIHUUHGWD[H΍HFWRQUHYDOXDWLRQVXUSOXV - (818,222) - (1,891,063)
Balance as at 31st December 2,409,050 2,409,050 5,093,154 5,093,154

ƓƓĺƑ ˆ-bѴ-0Ѵ;=ou"-Ѵ;!;v;uˆ;
Bank & Group

2017
Rs 000

Balance as at 1st January 1,271,319

*DLQDULVLQJRQUHPHDVXULQJDYDLODEOHIRUVDOHȴQDQFLDODVVHWV 1,017,636
([FKDQJHGL΍HUHQFH 10,766
Balance as at 31st December 2,299,721

ƓƓĺƒ -bu(-Ѵ†;|_uo†]_|_;uolru;_;mvbˆ;m1ol;!;v;uˆ;
Bank & Group

2018
Rs 000

Balance as at 1st January 2,299,721

/RVVRQUHPHDVXUHPHQWGHEWLQVWUXPHQWDW)92&Ζ (109,826)
5HFODVVLȴFDWLRQWRSURȴWRUORVVGHEWLQVWUXPHQWVDW)92&Ζ (6,773)
/RVVRQUHPHDVXUHPHQWHTXLW\LQVWUXPHQWVDW)92&Ζ (733,606)
([FKDQJHGL΍HUHQFHVHTXLW\LQVWUXPHQWVDW)92&Ζ 162,656
'HIHUUHGWD[H΍HFWRQFXPXODWLYHJDLQ (451,407)
Balance as at 31st December 1,160,765

ƓƓĺƓ ;m;u-Ѵ!;v;uˆ;   
The Board of Directors decides the amount to be transferred to general reserve from retained earnings after retaining a substantial
amount to pay proposed dividend. The purpose of setting up the general reserve is to meet the potential future unknown
commitments.

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 33,701,025 27,694,235 33,701,026 27,694,236

Unclaimed dividend adjustments 8,876 6,790 8,876 6,790
Transfer during the year 5,200,000 6,000,000 5,200,000 6,000,000
Balance as at 31st December 38,909,901 33,701,025 38,909,902 33,701,026

SAMPATH SIMPLIFIED 303

NOTES TO THE
FINANCIAL STATEMENTS

45 RETAINED EARNINGS

Bank Group
2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 31st December 6,072,399 4,397,449 8,533,827 6,315,429

Impact of adopting SLFRS 9 on opening
retained earnings (Note 6) (2,126,111) n/a (2,188,464) n/a
Restated balance under SLFRS 9 as at 1st January 2018 3,946,288 4,397,449 6,345,363 6,315,429
3URȴWIRUWKH\HDU 12,142,817 12,104,120 12,605,869 12,682,500
$FWXDULDOORVVRQGHȴQHGEHQHȴWSODQV (51,439) (634,766) (48,506) (646,194)
'HIHUUHGWD[H΍HFW 14,403 177,735 13,582 180,809
Interim dividend for 2016 : Scrip - (2,477,734) - (2,477,734)
Final dividend for 2016 : Cash - (884,405) - (884,405)
Final dividend for 2017 : Scrip (4,598,427) - (4,598,427) -
Transfers to reserves during the year (5,810,000) (6,610,000) (5,836,000) (6,636,578)
Balance as at 31st December 5,643,642 6,072,399 8,481,881 8,533,827

46 COMMITMENTS AND CONTINGENCIES

Bank Group
As at 31st December 2018* 2017 2018 * 2017
Rs 000 Rs 000 Rs 000 Rs 000

Credit related commitments & contingencies

Direct credit facilities 168,175,885 161,377,222 164,629,612 161,059,499
Indirect credit facilities 46,523,763 66,325,717 46,523,763 66,325,717
Acceptances 17,473,251 19,182,917 17,473,251 19,182,917
Documentary credit 17,586,545 19,796,716 17,586,545 19,796,716
Guarantees 52,375,427 51,292,097 52,377,627 51,292,697
302,134,871 317,974,669 298,590,798 317,657,546

Other commitments & contingencies

Capital commitments (Note 46.3) 568,383 708,532 1,484,470 2,241,858
Operating lease commitments - as lessee (Note 46.4) 3,940,747 3,614,072 3,175,692 2,954,872
Forward exchange contracts 20,740,947 15,421,830 20,740,947 15,421,830
Currency SWAPs 68,092,400 45,786,984 68,092,400 45,786,984
93,342,477 65,531,418 93,493,509 66,405,544

Total gross commitments & contingencies 395,477,348 383,506,087 392,084,307 384,063,090

Impairment for expected credit losses - credit related
commitments & contingencies (Note 46.2) (1,184,087) n/a (1,184,087) n/a
Commitments & contingencies net of impairment for expected
credit losses 394,293,261 383,506,087 390,900,220 384,063,090

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

304 SAMPATH BANK PLC Annual Report 2018

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ƓѵĺƐ m-Ѵ‹vbvo=u;7b|!;Ѵ-|;7ollb|l;m|v-m7omঞm];m1b;v0-v;7om|_;Šrov†u;|ou;7b|!bvh

Bank
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Direct credit facilities 157,115,225 9,324,695 1,735,965 168,175,885

Indirect credit facilities 41,679,979 4,842,284 1,500 46,523,763
Acceptances 16,049,843 1,423,408 - 17,473,251
Documentary credit 16,205,967 1,015,159 365,419 17,586,545
Guarantees 44,772,135 4,574,650 3,028,642 52,375,427
Gross credit related commitments & contingencies 275,823,149 21,180,196 5,131,526 302,134,871
Impairment for expected credit losses (658,526) (231,217) (294,344) (1,184,087)
Net credit related commitments & contingencies 275,164,623 20,948,979 4,837,182 300,950,784

Group
As at 31st December 2018

Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Direct credit facilities 153,568,952 9,324,695 1,735,965 164,629,612

Indirect credit facilities 41,679,979 4,842,284 1,500 46,523,763
Acceptances 16,049,843 1,423,408 - 17,473,251
Documentary credit 16,205,967 1,015,159 365,419 17,586,545
Guarantees 44,774,335 4,574,650 3,028,642 52,377,627
Gross credit related commitments & contingencies 272,279,076 21,180,196 5,131,526 298,590,798
Impairment for expected credit losses (658,526) (231,217) (294,344) (1,184,087)
Net credit related commitments & contingencies 271,620,550 20,948,979 4,837,182 297,406,711

ƓѵĺƑ lr-bul;m|=ouŠr;1|;7u;7b|ovv;vŊu;7b|!;Ѵ-|;7ollb|l;m|v-m7omঞm];m1b;v

Bank & Group

2018
Rs 000

Balance as at 1st January 789,085

Net charge for the year (Note 13) 395,002
$PRXQWVZULWWHQR΍GXULQJWKH\HDU -
2WKHUDGMXVWPHQWVLQFOXGLQJH[FKDQJHUDWHGL΍HUHQFHV -
Balance as at 31st December 1,184,087

SAMPATH SIMPLIFIED 305

NOTES TO THE
FINANCIAL STATEMENTS

46 COMMITMENTS AND CONTINGENCIES CONTD.

Ɠѵĺƒ -rb|-Ѵollb|l;m|v
Capital expenditure approved by the Board of Directors, for which provisions have not been made in the accounts are detailed below.

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Approved & contracted for 90,255 213,610 1,213,105 1,453,166

Approved but not contracted for 478,128 494,922 271,365 788,692
568,383 708,532 1,484,470 2,241,858

ƓѵĺƓ r;u-ঞm];-v;ollb|l;m|vŊ-v;vv;;

Bank Group
As at 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Less than 1 year 1,047,475 931,717 747,956 704,929

1 - 5 years 2,539,922 2,112,296 1,981,006 1,582,291
More than 5 years 353,350 570,059 446,730 667,652
3,940,747 3,614,072 3,175,692 2,954,872

ƓѵĺƔ |_;uomঞm];m|b-0bѴbঞ;v
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Litigation is a common occurrence in the banking industry due to the nature of the business undertaken. The Bank has formal controls
and policies for managing legal claims. Once professional advice has been obtained and the amount of loss reasonably estimated, the
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had several unresolved legal claims.

i. Commercial High Court Case No. HC (Civil) 11 / 2004 (1) – Claremont Capital
 7KH3ODLQWL΍KDVLQVWLWXWHGDFWLRQDJDLQVWWKH%DQNFODLPLQJDVXPRI5VRQDWUDQVIHURIIXQGVGRQHE\WKH%DQNΖQ
DGGLWLRQWKH3ODLQWL΍LVVHHNLQJDIXUWKHUVXPRI5VDQGDVXPRI5VSHUPRQWKIURPWKHGDWHRIDFWLRQ
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Court under the Case No. SC 06 / 2013 (f).

ii. Following Cases are Filed against the Bank in Order to Recover Damages.
(a) Case No. - DMR 5787 / 10 – E N D Silva
 7KH3ODLQWL΍ȇVDFWLRQDJDLQVWWKH%DQNKDVEHHQGLVPLVVHGE\WKH'LVWULFW&RXUW7KH3ODLQWL΍KDVSUHIHUUHGDQDSSHDODJDLQVWWKH
judgment to the Civil Appellate Courts. Appeal is pending.

(b) Case No. - DMR 1904 / 2012 – A M Wickramasinghe

 7KH3ODLQWL΍KDVDOOHJHGO\LQVWLWXWHGWKLVDFWLRQDJDLQVWWKH%DQNFODLPLQJDVXPRI5V0QDVGDPDJHVRQWKHEDVLVWKDWWKH
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/ 16 / SBL / Kuli, to the spouse and the consent letter given by the spouse is challenged in Courts. The judgement was delivered in
favour of the Bank on 16th February 2018.

(c) Case No. - 7058 / DMR – D J B Basnayake

 7KH3ODLQWL΍KDVLQVWLWXWHGWKLVDFWLRQDJDLQVWWKH%DQNFODLPLQJDVXPRI5V0QRQWKHEDVLVWKDWWKH%DQNKDVLQFUHDVHGWKH
UDWHRILQWHUHVWLQUHVSHFWRIWKHKRXVLQJORDQREWDLQHGE\KLPDQGKHVX΍HUHGGDPDJHVDVDUHVXOWRIWKDW+RZHYHUWKH/HWWHURI
2΍HUFRQȴUPVWKDWWKH%DQNKDVWKHULJKWWRLQFUHDVHWKHUDWHRILQWHUHVW&DVHLVSURFHHGLQJXQGHUWULDOVWDJH  

306 SAMPATH BANK PLC Annual Report 2018

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(d) Case No. - 58032 / MR – J H Ranawaka

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Company namely Jagath Robotics (Pvt) Ltd has been reported to the CRIB, under an irrelevant reference due to negligence of the
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against same judgment to the Civil Appellate Court in Colombo. Up to now the Appeal has not commenced.

(e) Case No. - 11938 / M - Embilipitiya – R B A Maheshika

 3ODLQWL΍KDVLQVWLWXWHGWKLVDFWLRQDJDLQVWWKH%DQNFODLPLQJGDPDJHVRI5V0QIRUWKHSD\PHQWRI5V0QIURPD6DYLQJV
DFFRXQWWRDSHUVRQZKRKDVIRUJHGWKH3ODLQWL΍ȇVVLJQDWXUH&DVHLVSURFHHGLQJXQGHUWULDOVWDJH

(f) DC Colombo Case No. 891 / 13 – J Dedigama

 7KHSODLQWL΍KDVȴOHGDFDVHDJDLQVWWKH%DQNFODLPLQJGDPDJHVRI5V0QRQWKHEDVLVWKDWWKH%DQNKDVXQODZIXOO\DXFWLRQHG
his property under the provisions of Act No. 04 of 1990. Though the claim is large, the basis of the case is not favourable to the
3ODLQWL΍VLQFHWKH%DQNKDVDFWHGDOOWKHWLPHDVSHUWKHSURYLVLRQVRIODZ&DVHLVSURFHHGLQJXQGHUWULDOVWDJH

(g) CHC Colombo Case No. 29 / 13 / MR – R J Technology

 7KHDERYHFDVHZDVȴOHGE\'/'35RVKDQ-D\DVLQJKHWKHSURSULHWRURI5-7HFKQRORJ\6\VWHPVDJDLQVWWKH%DQNE\FODLPLQJ
damages of Rs 40 Mn on the basis that the Bank illegally suspended his credit balance of Rs 299,209.43 and as a result, two
cheques issued by him got returned.

Over Rs 3 Mn is due to the Bank from the said customer on a charge back created through the payment gateway, which was
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Case is proceeding under trial stage.

(h) CHC Colombo Case No. 299 / 13 / MR – R J Technology

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damages of Rs 250 Mn, on the basis that the Bank has illegally suspended operation of his current account and the payment
gateway facility provided to him by the Bank.

Over Rs 3 Mn is due to the Bank from the said customer on a charge back created through the payment gateway, which was
XWLOLVHGE\WKHFXVWRPHUDQGWKH%DQNLVGHIHQGLQJWKLVDFWLRQRQWKHULJKWRIVHWR΍UHFRJQLVHGE\ODZUHODWLQJWREDQNLQJIDFLOLWLHV
Case is proceeding under trial stage.

(i) D C Polonnaruwa case No. 16139 / L / 15 – P A G N R Kularathne

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courts declaring that he is the owner of the land and property acquired by the Bank under Parate Execution. Further he claims
that the Bank has fraudulently acted with one of the customers of the Bank who died recently and got transferred the land owned
E\SODLQWL΍LQWKHQDPHRIWKHGHFHDVHGFXVWRPHUWRJHWKHUZLWKWKHULFHPLOODQGKHQFHKHKDVVX΍HUHGDORVVRI5V0Q

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commence yet.

 LLL7KHIROORZLQJFDVHVDUHȴOHGDJDLQVWWKH%DQNLQRUGHUWRSUHYHQWWKH%DQNIURPHQIRUFLQJWKHPRUWJDJHVWRUHFRYHULWVGXHV
D 6HYHQDFWLRQVKDYHEHHQȴOHGLQ6XSUHPH&RXUW

E )RXUDFWLRQVKDYHEHHQȴOHGLQ&RXUWRI$SSHDO

F 7ZRDFWLRQVKDYHEHHQȴOHGLQ&LYLO$SSHDO&RXUW

G )RUW\VHYHQDFWLRQVKDYHEHHQȴOHGLQ&RPPHUFLDO+LJK&RXUW

H 2QHKXQGUHGDQGIRXUWHHQDFWLRQVKDYHEHHQȴOHGLQ'LVWULFW&RXUWV

ƓѵĺƔĺƑ bঞ]-ঞom-]-bmv||_;uo†r
 2WKHUWKDQWKRVHGLVFORVHGDERYHWKHUHLVQRFDVHȴOHGDJDLQVWWKH*URXSZKLFKZRXOGKDYHPDWHULDOLPSDFWRQWKHȴQDQFLDOSRVLWLRQ
of the Group.

SAMPATH SIMPLIFIED 307

NOTES TO THE
FINANCIAL STATEMENTS

47 RELATED PARTY DISCLOSURES

7KH%DQNDQGWKH*URXSFDUU\RXWWUDQVDFWLRQVLQWKHRUGLQDU\FRXUVHRIEXVLQHVVZLWKWKHSDUWLHVZKRDUHGHȴQHGDVUHODWHGSDUWLHV
in the Sri Lanka Accounting Standards - LKAS 24 (Related Party Disclosures), the details of which are reported below.

ƓƕĺƐ $;ulv-m7om7bঞomv      
The pricing applicable to such transactions is based on the assessment of risk and pricing model of the Bank and is comparable with
what is applied to transactions between the Bank/Group and its unrelated customers with similar credit standing.

ƓƕĺƑ -u;m|-m7&Ѵঞl-|;om|uoѴѴbm]-u|‹       
 7KH%DQNGRHVQRWKDYHDQLGHQWLȴDEOHSDUHQWRILWVRZQ

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As per Sri Lanka Accounting Standard - LKAS 24 (Related Party Disclosures), Key Management Personnel (KMP) are those having
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person can not be considered as a KMP unless such person has both the authority and responsibility to carry out all the three
DFWLYLWLHVPHQWLRQHGLQWKHDERYHGHȴQLWLRQLHSODQQLQJGLUHFWLQJDQGFRQWUROOLQJWKHDFWLYLWLHVRIWKHHQWLW\

Accordingly, the Board of Directors of the Bank are considered as KMP of the Bank and the Group.

ƓƕĺƒĺƐ olr;mv-ঞom|o

Bank Group
For the year ended 31st December 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

6KRUWWHUPHPSOR\PHQWEHQHȴWV
Directors' fees & expenses 64,398 59,696 72,457 64,704
6KRUWWHUPEHQHȴWV 49,120 51,553 49,120 51,553
3RVWHPSOR\PHQWEHQHȴWV 3,356 5,994 3,356 5,994
7HUPLQDWLRQEHQHȴWV - 22,043 - 22,043
Total 116,874 139,286 124,933 144,294

 7HUPLQDWLRQEHQHȴWVIRULQFOXGH([JUDWLDSD\PHQWRI5V0QSDLGWRWKHIRUPHU0DQDJLQJ'LUHFWRURIWKH%DQN5V0Q
SDLGWRWKHIRUPHU*URXS&KLHI)LQDQFLDO2ɝFHU([HFXWLYH'LUHFWRUDQGRIWKHQHWERRNYDOXHVRIWKHYHKLFOHVWUDQVIHUUHGWR
them, as approved by the shareholders at the Annual General Meeting held on 31st March 2017.

308 SAMPATH BANK PLC Annual Report 2018

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with the entity. They may include KMP’s spouse, children, domestic partner, children of the KMP’s spouse / domestic partner and
dependents of the KMP, KMP's spouse / domestic partner. Aggregate value of the transactions with KMP and their CFMs are disclosed
below.

As at 31st December 2018 2017

Limit Closing Average Limit Closing Average
Balance Balance Balance Balance
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Loans & receivables 4,000 - 12,831 56,836 2,986 4,502

Credit cards 7,575 1,314 1,225 12,575 571 863
Deposits 279,515 280,748 275,649 359,661

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Interest & other income 2,333 487

Interest expenses 25,940 23,525
Cash dividend paid - 292

Scrip dividend paid (Number of shares) 2,501 3,039

No losses have been recorded against loan balances outstanding with KMP during the period and no provisions have been made for
impairment losses against such balances as at the reporting date.

ƓƕĺƓ $u-mv-1ঞomv‰b|_"†0vb7b-ub;v     
Details of the subsidiaries are given in Note 31. Aggregate value of transactions with subsidiaries are disclosed below.

2018 2017
Subsidiary Company Nature of Facility / Average 31st December Average 31st December
Transaction Balance Balance Balance Balance
Rs 000 Rs 000 Rs 000 Rs 000

Siyapatha Finance PLC As at

Loans & receivables 3,305,329 5,278,669 2,260,005 1,511,523
Deposits 917 1,660 153,738 681
Other liabilities 223,376 10,586 9,504 9,388
Commitment & contingencies 4,000 - 60,000 10,000
For the year ended
Dividend income (Gross) 69,721 65,491
Income & fees received 422,706 232,211
Expenses & fees paid 23,749 2,298
Sampath Centre Ltd As at
Loans & receivables 60,092 300,460 331 -
Other assets 62,896 63,192 62,754 62,754
Deposits 364,669 349,413 551,847 487,552
Other liabilities 79,762 48,485 121,542 103,806
For the year ended
Dividend income (Gross) 34,001 35,595
Income & fees received - 13
Expenses & fees paid 361,308 336,438

SAMPATH SIMPLIFIED 309

NOTES TO THE
FINANCIAL STATEMENTS

47 RELATED PARTY DISCLOSURES CONTD.

2018 2017
Subsidiary Company Nature of Facility / Average 31st December Average 31st December
Transaction Balance Balance Balance Balance
Rs 000 Rs 000 Rs 000 Rs 000

S C Securities (Pvt) Ltd As at

Loans & receivables 18,683 48,968 24,627 -
Deposits 31,163 38,709 5,422 4,805
Other liabilities 35,400 13,000 92,333 84,000
Other assets 12 62 - -
Commitment & contingencies 1,750 1,750 1,750 1,750
For the year ended
Income & fees received 2,136 1,481
Expenses & fees paid 5,947 4,932

Sampath Information As at
Technology Solutions Loans & receivables 368,214 304,502 526,395 464,439
Ltd Deposits 6,064 4,501 2,732 13,523
Other liabilities 132,020 130,850 74,805 101,058
Finance lease payable
(Note 40) 440,176 439,988 351,456 436,478
Commitment & contingencies 15,088 7,285 252,593 51,341
For the year ended
Income & fees received 51,443 84,206
Expenses & fees paid
excluding reimbursement
of expenses 240,373 239,978
Purchase of computer
hardware &
software 50,305 30,397

The Directors’ valuation of investments in subsidiaries has been carried out on net asset basis as at 31st December 2018. During the
year, the Bank reversed Rs 1.6 Mn from the cumulative provision made as at 31st December 2017 (Rs 67 Mn) against SC Securities
(Pvt) Ltd. Except for SC Securities (Pvt) Ltd, no provisions have been made for impairment losses against balances with subsidiaries as
at the reporting date.

310 SAMPATH BANK PLC Annual Report 2018

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ƓƕĺƔĺƐ $u-mv-1ঞomv‰b|_mঞঞ;vom|uoѴѴ;7-m7ņouobm|Ѵ‹om|uoѴѴ;70‹ou|_;bu v

As at 31st December 2018 2017

Average Closing Average Closing
Balance Balance Balance Balance
Rs 000 Rs 000 Rs 000 Rs 000

Loans & receivables 1,951 - - -

Documentary credits 20,566 - 46,554 16,534
Deposits 329,617 481,820 326,713 111,566

For the year ended 31st December 2018 2017

Rs 000 Rs 000

Interest & other income 797 43

Interest expense 6,550 8,988

Scrip dividend paid ( Number of shares) 15 -

In addition to the above, Siyapatha Finance PLC has paid Rs 9 Mn (2017 - Rs 173 Mn) to entities which are controlled / jointly controlled
by KMP / CFMs of KMP during their ordinary course of business.

No losses have been recorded against loan balances outstanding with the entities controlled / jointly controlled by KMP / CFMs of KMP
during the period and no provisions have been made for impairment losses against such balances as at the reporting date.

SAMPATH SIMPLIFIED 311

NOTES TO THE
FINANCIAL STATEMENTS

47 RELATED PARTY DISCLOSURES CONTD.

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2018 2017
Name of the Post Employment Nature of Transactions Average 31st Average 31st
%HQHȴW3ODQ Balance December Balance December
Balance Balance
Rs 000 Rs 000 Rs 000 Rs 000

Sampath Bank Employees' As at

Provident Fund Deposits 2,807,892 2,911,005 3,242,117 3,257,417
Investment in repo - - 45,871 -
Debentures 670,071 671,582 777,604 668,302
Interest payable 114,525 197,391 109,951 133,875
Other liabilities - - 2,258 -

For the year ended

Interest expenses 385,229 500,308

Sampath Bank Employees' As at

Pension Fund* Deposits 1,912,304 1,547,079 2,043,407 2,118,043
Debentures 589,400 589,400 605,362 589,400
Investment in Sampath Bank
Shares - market value 952,163 823,174 872,053 957,492
Investment in repo 74,869 14,000 898,112 226,078
Interest payable 97,767 109,784 105,747 103,188
Net liability in the Bank's
Financial Statements
(Note 41.4.1) 676,886 837,772 89,012 666,050

For the year ended

Dividend paid - Cash (Gross) - 12,966
Interest expense 265,778 377,567

Scrip dividend (Number of

Shares) 168,991 150,015

* The fund subscribed for the Rights issues of the Bank during the years ended 31st December 2018 & 2017. Accordingly 300,599
(2017: 430,000 ) new shares were acquired by way of Rights in 2018. Total cost of the rights purchased during the year ended 31st
December 2018 amounted to Rs 75.2 Mn (2017:105.35 Mn)

312 SAMPATH BANK PLC Annual Report 2018

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48 SEGMENT INFORMATION

ACCOUNTING POLICY

An operating segment is a component of the Group that engages in business activities from which it may earn revenue and incur
expenses, including revenue and expenses that relate to transactions with any of the Group’s other components, whose operating
results are reviewed regularly by the chief operating decision maker to make decisions about resources allocated to each segment
DQGDVVHVVLWVSHUIRUPDQFHDQGIRUZKLFKGLVFUHWHȴQDQFLDOLQIRUPDWLRQLVDYDLODEOH

)RUPDQDJHPHQWSXUSRVHVWKH*URXSKDVLGHQWLȴHGIRXURSHUDWLQJVHJPHQWVEDVHGRQSURGXFWVDQGVHUYLFHVDVIROORZV

y Banking
y Leasing, hire purchase & factoring
y Dealing / Investment
y Others

/HDVLQJKLUHSXUFKDVH IDFWRULQJUHSUHVHQWVWKHȴQDQFHOHDVLQJKLUHSXUFKDVH IDFWRULQJEXVLQHVVHVRIWKH%DQNDVZHOODVWKH

above activities of its subsidiary, Siyapatha Finance PLC. Dealing / Investment involves activities such as stock broking, securities
dealing, investment banking and foreign currency related services.

Management monitors the operating results of its business units separately for the purpose of making decisions about resource
DOORFDWLRQDQGSHUIRUPDQFHDVVHVVPHQW6HJPHQWSHUIRUPDQFHLVHYDOXDWHGEDVHGRQRSHUDWLQJSURȴWVRUORVVHVZKLFKLQFHUWDLQ
UHVSHFWVDUHPHDVXUHGGL΍HUHQWO\IURPRSHUDWLQJSURȴWVRUORVVHVLQWKH&RQVROLGDWHG)LQDQFLDO6WDWHPHQWVΖQFRPHWD[HVDUH
managed on a group basis and are not allocated to operating segments.

Interest income is reported net as management primarily relies on net interest income as a performance measure, not the gross
income and expense. Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions
with third parties.

Revenue from transactions with a single external customer or counterparty did not exceed 10% or more of the Bank’s total
revenue in 2018 or 2017.

7KHIROORZLQJWDEOHSUHVHQWVLQFRPHSURȴWWRWDODVVHWVWRWDOOLDELOLWLHV FDVKȵRZVRIWKH*URXSȇVRSHUDWLQJVHJPHQWV

SAMPATH SIMPLIFIED 313

 48 SEGMENT INFORMATION CONTD.

314
Banking Leasing, Hire purchase & Dealing / Investment Other (Eliminations)/ Total
Factoring Unallocated
For the year ended 31st December 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Net interest income 31,824,006 23,501,967 3,951,054 2,782,366 5,097,144 4,012,908 - - - - 40,872,204 30,297,241
Dividend income - - - - 154,612 151,135 - - - - 154,612 151,135
Net fee & commission income 9,767,212 8,009,147 429,353 385,061 31,042 27,410 - - - - 10,227,607 8,421,618
)RUHLJQH[FKDQJHSURȴW 2,493,351 694,929 - - 2,997,496 2,437,447 1,946 (4,864) - - 5,492,793 3,127,512
NOTES TO THE

SAMPATH BANK PLC

Other income 120,726 96,871 288,648 222,504 (85,250) (11,260) 161,510 167,116 - - 485,634 475,231
Total revenue from external customers 44,205,295 32,302,914 4,669,055 3,389,931 8,195,044 6,617,640 163,456 162,252 - - 57,232,850 42,472,737
Inter segment revenue 163,167 130,955 - - - - 570,984 519,101 (734,151) (650,056) - -
Total operating income 44,368,462 32,433,869 4,669,055 3,389,931 8,195,044 6,617,640 734,440 681,353 (734,151) (650,056) 57,232,850 42,472,737
Less: Impairment charge 11,040,482 2,321,209 1,034,653 230,828 - - 63,575 81,636 - - 12,138,710 2,633,673
Net operating income 33,327,980 30,112,660 3,634,402 3,159,103 8,195,044 6,617,640 670,865 599,717 (734,151) (650,056) 45,094,140 39,839,064
Less : Total operating expenses 16,383,017 14,006,631 1,792,286 1,602,405 2,696,039 2,623,011 581,450 399,169 (628,823) (611,769) 20,823,969 18,019,447
Segment result 16,944,963 16,106,029 1,842,116 1,556,698 5,499,005 3,994,629 89,415 200,548 (105,328) (38,287) 24,270,171 21,819,617
FINANCIAL STATEMENTS

/HVV7D[HVRQȴQDQFLDOVHUYLFHV 5,148,806 4,309,389

Annual Report 2018

Less: Income tax expenses 6,515,496 4,827,728
3URȴWIRUWKH\HDU 12,605,869 12,682,500
Non-controlling interest - -
3URȴWDWWULEXWDEOHWR
equity holders of the Bank 12,605,869 12,682,500

As at 31st December 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018* 2017
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Segment assets 675,846,736 592,023,659 59,710,978 50,527,973 186,956,649 151,980,498 6,512,334 6,273,320 (9,348,849) (4,639,883) 919,677,848 796,165,567
Unallocated assets - - - - - - - - 28,107,369 30,551,102 28,107,369 30,551,102
Total assets 675,846,736 592,023,659 59,710,978 50,527,973 186,956,649 151,980,498 6,512,334 6,273,320 18,758,520 25,911,219 947,785,217 826,716,669

Segment liabilities 545,258,082 492,960,028 64,830,770 56,420,005 252,461,666 209,440,253 2,212,464 2,271,741 (7,028,419) (3,283,808) 857,734,563 757,808,219
Unallocated liabilities - - - - - - - - - - - -
Total liabilities 545,258,082 492,960,028 64,830,770 56,420,005 252,461,666 209,440,253 2,212,464 2,271,741 (7,028,419) (3,283,808) 857,734,563 757,808,219

For the year ended 31st December 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

&DVKȵRZVIURPRSHUDWLQJDFWLYLWLHV 14,664,955 11,900,939 (4,917,795) (7,142,738) (100,156) 28,785 402,920 340,908 3,753,390 5,071,623 13,803,314 10,199,517
&DVKȵRZVIURPLQYHVWLQJDFWLYLWLHV (900,000) (100,000) (79,202) (1,265,091) (29,530,393) (20,071,079) (720,555) (828,934) (1,547,627) (649,825) (32,777,777) (22,914,929)
&DVKȵRZVIURPȴQDQFLQJDFWLYLWLHV 18,817,577 10,655,575 5,678,399 7,837,191 - 100,000 250,537 164,140 (4,689,837) (5,024,430) 20,056,676 13,732,476
Capital expenditure - - 231,694 74,443 - 323 835,965 830,610 1,660,638 1,525,125 2,728,297 2,430,501

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior period
amounts have not been restated.
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FINANCIAL INFORMATION
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49 EVENTS AFTER THE REPORTING PERIOD

ACCOUNTING POLICY

Events after the reporting period are those events, favourable and unfavourable, that occur between the reporting date and the
date when the Financial Statements are authorised for issue.

1RFLUFXPVWDQFHVKDYHDULVHQVLQFHWKHUHSRUWLQJGDWHZKLFKZRXOGUHTXLUHDGMXVWPHQWVWRRUGLVFORVXUHLQWKHȴQDQFLDO
statements, other than those disclosed below.

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 'LUHFWRUVKDYHUHFRPPHQGHGDȴQDOGLYLGHQGRI5VSHUVKDUHEHSDLGIRUWKHȴQDQFLDO\HDUHQGHGVW'HFHPEHU7KLVZLOO
be paid by Rs 5.00 in the form of cash dividend and Rs 11.25 in the form of scrip dividend. Further this dividend is to be approved by
the shareholders at the Annual General Meeting to be held on 29th March 2019.

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been recognised as a liability as at 31st December 2018. As required by section 56 (2) of the Companies Act No. 7 of 2007, the Board
RI'LUHFWRUVKDVFRQȴUPHGWKDWWKH%DQNKDVVDWLVȴHGWKH
VROYHQF\WHVW
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KDYLQJREWDLQHGDFHUWLȴFDWHIURPWKHDXGLWRUVSULRUWRUHFRPPHQGLQJWKHȴQDOGLYLGHQGIRUWKH\HDU

Under the Inland Revenue Act No. 24 of 2017, a Withholding Tax of 14% has been imposed on dividend declared.

ƓƖĺƐĺƑ ;0;m|†u;vv†;ƑƏƐƖņƑƏƑƓ
The Bank announced a debenture issue on 30th November 2018, of an initial issue of up to 50,000,000 BASEL III compliant - Tier 2,
listed, rated, unsecured, subordinated, redeemable 5 year Debentures with a non-viability conversion, with an option to issue up to a
further 10,000,000 of said Debentures at the discretion of the Bank in the event of an over subscription of the initial issue and with a
further option to issue up to a further 10,000,000 of said Debentures at the discretion of the Bank in the event of an over subscription
of the initial issue and the second tranche, at an issue price of Rs 100 each to raise Rs 7 Bn.

The shareholders of the Bank approved the above debenture issue at the Extraordinary General Meeting held on 25th January 2019.

ƔƏ !(& ""$"ş$"

ƔƏĺƐ vv;|vşb-0bѴbঞ;v!;1ou7;7-| -bu(-Ѵ†;
The following is a description of how fair values are determined for assets and liabilities that are recorded at fair value. These
incorporate the Bank’s estimate of assumptions that a market participant would make when valuing assets and liabilities.

Derivatives - Assets & Liabilities

Derivative products which consist of SWAPs, forward exchange contracts and hedges are valued using a valuation technique with
market-observable inputs. The most frequently applied valuation techniques include forward foreign exchange spot and forward
premiums.

Financial Assets - Fair Value through Other Comprehensive Income/Available for Sale
 )92&Ζ$YDLODEOHIRUVDOHȴQDQFLDODVVHWVSULPDULO\FRQVLVWRITXRWHGXQTXRWHGHTXLW\VHFXULWLHVDQGJRYHUQPHQWVHFXULWLHV
Government securities are valued using the yield curve published by the Central Bank of Sri Lanka. Quoted equity securities are valued
using quoted market prices in the active markets as at the reporting date.

Trading Assets & Other Assets Measured at Fair Value

Trading assets and other assets measured at fair value are the government securities and quoted equity securities. Government
securities are valued using yield curve published by the Central Bank of Sri Lanka. For quoted equity securities, the Bank uses quoted
market prices in the active market as at the reporting date.

SAMPATH SIMPLIFIED 315

NOTES TO THE
FINANCIAL STATEMENTS

ƔƏ !(& ""$"ş$"$ ĺ

Property, Plant & Equipment
Freehold land and buildings are carried at revalued amount, being their fair value at the revaluation date less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.

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 )RUDOOȴQDQFLDOLQVWUXPHQWVZKHUHIDLUYDOXHVDUHGHWHUPLQHGE\UHIHUULQJWRH[WHUQDOO\TXRWHGSULFHVRUREVHUYDEOHSULFLQJLQSXWVWR
models, independent price determination or validation is obtained. In an inactive market, direct observation of a traded price may not
EHSRVVLEOHΖQWKHVHFLUFXPVWDQFHVWKH%DQNXVHVDOWHUQDWLYHPDUNHWLQIRUPDWLRQWRYDOLGDWHWKHȴQDQFLDOLQVWUXPHQWȇVIDLUYDOXHZLWK
greater weight given to information that is considered to be more relevant and reliable.

Fair value of freehold land and buildings was determined by using Market Comparable Method or Income Basis. These valuations
SHUIRUPHGE\WKHYDOXHUVDUHEDVHGRQDFWLYHPDUNHWSULFHVVLJQLȴFDQWO\DGMXVWHGIRUGL΍HUHQFHLQWKHQDWXUHORFDWLRQRUFRQGLWLRQ
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$FFRXQWLQJ6WDQGDUG6/)56)DLU9DOXH0HDVXUHPHQWEDVHGRQWKHQDWXUHFKDUDFWHULVWLFVDQGULVNVRIWKHSURSHUW\

Fair values are determined according to the following hierarchy:

Level 1 – Quoted market price (unadjusted): quoted prices for identical assets and liabilities in active markets.

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IRULGHQWLFDORUVLPLODUDVVHWVDQGOLDELOLWLHVLQLQDFWLYHPDUNHWVDQGDUHYDOXHGXVLQJPRGHOVZKHUHDOOVLJQLȴFDQWLQSXWVDUHREVHUYDEOH

 /HYHOȂ9DOXDWLRQWHFKQLTXHZLWKVLJQLȴFDQWXQREVHUYDEOHLQSXWVDVVHWVDQGOLDELOLWLHVYDOXHGXVLQJYDOXDWLRQWHFKQLTXHVZKHUHRQH
RUPRUHVLJQLȴFDQWLQSXWVDUHXQREVHUYDEOH        

ƔƏĺƒ (-Ѵ†-ঞom u-l;‰ouh

The Bank has an established control framework with respect to the measurement of fair values of trading and investment operations
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y $UHYLHZDQGDSSURYDOSURFHVVLQYROYLQJWKH%RDUG$XGLW&RPPLWWHHIRUVLJQLȴFDQWMXGJPHQWDQGDVVXPSWLRQVQHZPRGHOV
changes to existing judgments, assumptions and models.
y Periodic (at least quarterly) reviewing of fair value measurements against observable market data.
y 3HULRGLFDWOHDVWDQQXDOO\UHYLHZLQJRIIDLUYDOXHPHDVXUHPHQWPRGHOVDJDLQVWFKDQJHVLQPDUNHWFRQGLWLRQVVLJQLȴFDQW
judgments and assumptions.
y Use of sophisticated software for fair value measurements of trading and investment securities and derivatives.
y ΖQGHSHQGHQWDQDO\VLVDQGLQYHVWLJDWLRQRIVLJQLȴFDQWGDLO\YDOXDWLRQPRYHPHQWVLQWUDGLQJDQGLQYHVWPHQWVHFXULWLHVDQG
derivatives.
y $GXDOYHULȴFDWLRQSURFHVVIRUPDUNHWGDWDLQSXWVWRWKHIDLUYDOXHPHDVXUHPHQWVRIWZDUH

ƔƏĺƓ vv;|vşb-0bѴbঞ;v;-v†u;7-| -bu(-Ѵ†;Ŋ -bu(-Ѵ†;b;u-u1_‹

The following table shows an analysis of assets and liabilities recorded at fair value by level of the fair value hierarchy into which the
fair value measurement is categorised. The amounts are based on the value recognised in the Statement of Financial Position.

316 SAMPATH BANK PLC Annual Report 2018

 ƔƏĺƓĺƐ vv;|vşb-0bѴbঞ;v;-v†u;7-| -bu(-Ѵ†;Ŋ -bu(-Ѵ†;b;u-u1_‹
-mh

As at 31st December 2018 2017

Fair Value Measurement Using Fair Value Measurement Using
Date of Quoted Prices 6LJQLȴFDQW 6LJQLȴFDQW Total Quoted Prices 6LJQLȴFDQW 6LJQLȴFDQW Total
Valuation in Active Observable Unobservable in Active Observable Unobservable
Markets Inputs Inputs Markets Inputs Inputs
(Level 1) (Level 2) (Level 3) (Level 1) (Level 2) (Level 3)
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial assets measured at fair value

'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 31st December
Currency SWAPs - 1,123,941 - 1,123,941 - 403,667 - 403,667
Forward exchange contracts - 47,096 - 47,096 - 93,251 - 93,251
Sub Total - 1,171,037 - 1,171,037 - 496,918 - 496,918

Financial assets - recognised

WKURXJKSURȴWRUORVV 31st December
Government securities 27,647,228 - - 27,647,228 20,413,198 - - 20,413,198
Quoted equity securities 73,018 - - 73,018 89,309 - - 89,309
Sub Total 27,720,246 - - 27,720,246 20,502,507 - - 20,502,507

Financial assets - fair value through other

comprehensive income 31st December
Government securities 25,047,854 - - 25,047,854 n/a n/a n/a n/a
Quoted equity security 2,432,869 - - 2,432,869 n/a n/a n/a n/a
Unquoted equity securities - - 36,582 36,582 n/a n/a n/a n/a
Sub Total 27,480,723 - 36,582 27,517,305 n/a n/a n/a n/a

Financial assets - available for sale 31st December

Government securities n/a n/a n/a n/a 74,405,289 - - 74,405,289
Quoted equity security n/a n/a n/a n/a 2,659,822 - - 2,659,822
Unquoted equity securities n/a n/a n/a n/a - - 30,608 30,608
Sub Total n/a n/a n/a n/a 77,065,111 - 30,608 77,095,719

7RWDOȴQDQFLDODVVHWV
measured at fair value 55,200,969 1,171,037 36,582 56,408,588 97,567,618 496,918 30,608 98,095,144
1RQȴQDQFLDODVVHWV
measured at fair value
Freehold land & buildings (included under
property, plant & equipment) * 31st December - - 5,005,897 5,005,897 - - 4,901,678 4,901,678
7RWDOQRQȴQDQFLDODVVHWV
measured at fair value - - 5,005,897 5,005,897 - - 4,901,678 4,901,678

Financial liabilities
measured at fair value
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 31st December
Currency SWAPs - 2,504,242 - 2,504,242 - 55,536 - 55,536
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Forward exchange contracts - 448,077 - 448,077 - 48,411 - 48,411

FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""

7RWDOȴQDQFLDOOLDELOLWLHV
measured at fair value - 2,952,319 - 2,952,319 - 103,947 - 103,947
$! &$!+ !$

"&$!+ !$

There were no material transfers between levels of fair value hierarchy during 2018 and 2017.

317
$ "&""ş+""

* The fair values exist in the most recent valuations less subsequent accumulated depreciation and impairment losses are considered as the fair values
as at the reporting date (31st December 2018).
 ƔƏ !(& ""$"ş$"$ ĺ

318
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uo†r

As at 31st December 2018 2017

Fair Value Measurement Using Fair Value Measurement Using
Date of Quoted Prices 6LJQLȴFDQW 6LJQLȴFDQW Total Quoted Prices 6LJQLȴFDQW 6LJQLȴFDQW Total
Valuation in Active Observable Unobservable in Active Observable Unobservable
Markets Inputs Inputs Markets Inputs Inputs
(Level 1) (Level 2) (Level 3) (Level 1) (Level 2) (Level 3)
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000
NOTES TO THE

SAMPATH BANK PLC

Financial assets measured at fair value
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 31st December
Currency SWAPs - 1,123,941 - 1,123,941 - 403,667 - 403,667
Forward exchange contracts - 47,096 - 47,096 - 93,251 - 93,251
Sub Total - 1,171,037 - 1,171,037 - 496,918 - 496,918

Financial assets - recognised

FINANCIAL STATEMENTS

WKURXJKSURȴWRUORVV 31st December

Annual Report 2018

Government securities 27,647,228 - - 27,647,228 20,413,198 - - 20,413,198
Quoted equity securities 73,018 - - 73,018 89,309 - - 89,309
Sub Total 27,720,246 - - 27,720,246 20,502,507 - - 20,502,507

Financial assets - fair value through other

comprehensive income 31st December
Government securities 25,047,854 - - 25,047,854 n/a n/a n/a n/a
Quoted equity security 2,432,869 - - 2,432,869 n/a n/a n/a n/a
Unquoted equity securities - - 36,638 36,638 n/a n/a n/a n/a
Sub Total 27,480,723 - 36,638 27,517,361 n/a n/a n/a n/a

Financial assets - available for sale 31st December

Government securities n/a n/a n/a n/a 74,405,289 - - 74,405,289
Quoted equity security n/a n/a n/a n/a 2,659,822 - - 2,659,822
Unquoted equity securities n/a n/a n/a n/a - - 30,664 30,664
Sub Total n/a n/a n/a n/a 77,065,111 - 30,664 77,095,775

7RWDOȴQDQFLDODVVHWV
measured at fair value 55,200,969 1,171,037 36,638 56,408,644 97,567,618 496,918 30,664 98,095,200
1RQȴQDQFLDODVVHWV
measured at fair value
Freehold land & buildings (included under
property, plant & equipment) * 31st December - - 9,294,934 9,294,934 - - 9,275,878 9,275,878
7RWDOQRQȴQDQFLDODVVHWV
measured fair value - - 9,294,934 9,294,934 - - 9,275,878 9,275,878

Financial liabilities
measured at fair value
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV
Currency SWAPs 31st December - 2,504,242 - 2,504,242 - 55,536 - 55,536
Forward exchange contracts - 448,077 - 448,077 - 48,411 - 48,411
7RWDOȴQDQFLDOOLDELOLWLHV
measured at fair value - 2,952,319 - 2,952,319 - 103,947 - 103,947

There were no material transfers between levels of fair value hierarchy during 2018 and 2017.
* The fair values exist in the most recent valuations less subsequent accumulated depreciation and impairment losses are considered as the fair values
as at the reporting date (31st December 2018)
 $! &$!+ !$
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FINANCIAL INFORMATION
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ƔƏĺƔ ;ˆ;Ѵƒ -bu(-Ѵ†;;-v†u;l;m|

ƔƏĺƔĺƐ !;1om1bѴb-ঞom
The following table shows a reconciliation from the beginning balances to the ending balances of fair value measurements in Level 3 of
the fair value hierarchy.

Bank Group
Assets Measured at Level 3 Assets Measured at Level 3
Unquoted Freehold Land Unquoted Freehold Land
Equity and Buildings Equity and Buildings
Securities Securities
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 30,708 4,106,220 30,764 8,055,438

Additions 1,041 8,666 1,041 9,101
Revaluation surplus credited to revaluation reserve 822,641 1,330,746
7RWDOJDLQORVVUHFRJQLVHGLQSURȴWRUORVV
Impairment charge for the year (Note 13) - (161) - (161)
Depreciation of buildings - (35,688) - (119,246)
Transfers & other adjustments (Note 29.3) (1,141) - (1,141) -
Balance as at 31st December 2017 30,608 4,901,678 30,664 9,275,878
Additions 6,407 16,520 6,407 16,625
Disposals / deductions (625) - (625) -
7RWDOJDLQORVVUHFRJQLVHGLQSURȴWRUORVV
Depreciation of buildings - (37,061) - (122,329)
Transfers & other adjustments 192 124,760 192 124,760
Balance as at 31st December 2018 36,582 5,005,897 36,638 9,294,934

SAMPATH SIMPLIFIED 319

NOTES TO THE
FINANCIAL STATEMENTS

ƔƏ !(& ""$"ş$"$ ĺ

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 7KHWDEOHEHORZVHWVRXWLQIRUPDWLRQDERXWVLJQLȴFDQWXQREVHUYDEOHLQSXWVXVHGLQPHDVXULQJIDLUYDOXHRIWKHDVVHWVFDWHJRULVHG
under Level 3 of the fair value hierarchy.

Assets Measured at Level 3

Type of Asset Bank Group Valuation 6LJQLȴFDQW Weighted Fair Value
Fair Value as at Fair Value as at Technique Unobservable Average Measurement
31st December 31st December Inputs Range of Sensitivity to
2018 2018 Estimates for Unobservable
Unobservable Inputs
Inputs
Rs 000 Rs 000

Property, plant &

equipment
- Freehold land 3,719,530 6,369,530 Market Estimated price Rs 15,000 - *
comparable per perch 12,500,000
method

- Freehold buildings 1,286,367 2,925,404 Market Estimated price Rs 2,750 - *

comparable per sq.ft 13,640
method
Income basis Estimated rental
value per sq.ft
Bank Rs 100 -175 *
Subsidiary Rs 156 *

Expected market
rental growth
Bank 1% *
Subsidiary 0% - 5% *

Discount rate
Bank 6.50% **
Subsidiary 5.75% **

 6LJQLȴFDQWLQFUHDVHVGHFUHDVHVLQDQ\RIWKHVHLQSXWVLQLVRODWLRQZRXOGUHVXOWLQDVLJQLȴFDQWO\KLJKHUORZHUIDLUYDOXH

 6LJQLȴFDQWLQFUHDVHVGHFUHDVHVLQWKLVLQSXWLQLVRODWLRQZRXOGUHVXOWLQDVLJQLȴFDQWO\ORZHUKLJKHUIDLUYDOXH

320 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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not already recorded at fair value in the Financial Statements.

Assets of which Fair Value Approximates Carrying Value

 )RUȴQDQFLDODVVHWVDQGOLDELOLWLHVWKDWKDYHDVKRUWWHUPPDWXULW\LWLVDVVXPHGWKDWWKHFDUU\LQJDPRXQWVDSSUR[LPDWHWKHLUIDLU
YDOXHV7KLVDVVXPSWLRQLVDOVRDSSOLHGWRGHPDQGGHSRVLWVDQGVDYLQJVGHSRVLWVZKLFKGRQRWKDYHDVSHFLȴFPDWXULW\

Fixed Rate Financial Instruments

 7KHIDLUYDOXHRIȴ[HGUDWHȴQDQFLDODVVHWVDQGOLDELOLWLHVFDUULHGDWDPRUWLVHGFRVWDUHHVWLPDWHGE\FRPSDULQJPDUNHWLQWHUHVWUDWHV
ZKHQWKH\ZHUHȴUVWUHFRJQLVHGZLWKFXUUHQWPDUNHWUDWHVIRUVLPLODUȴQDQFLDOLQVWUXPHQWV7KHHVWLPDWHGIDLUYDOXHRIȴ[HGLQWHUHVW
EHDULQJGHSRVLWVLVEDVHGRQGLVFRXQWHGFDVKȵRZVXVLQJSUHYDLOLQJPDUNHWLQWHUHVWUDWHVIRUGHEWVZLWKVLPLODUFUHGLWULVNDQG
maturity. For quoted debt issued, the fair values are determined based on quoted market prices. For variable rate instruments with a
ȴ[HGFUHGLWVSUHDGDQDGMXVWPHQWLVPDGHWRUHȵHFWWKHFKDQJHLQFUHGLWVSUHDGVLQFHWKHLQVWUXPHQWZDVȴUVWUHFRJQLVHG

Variable Rate Financial Instruments

 9DULDEOHUDWHLVDIDLUPHDVXUHZKLFKUHȵHFWVPDUNHWPRYHPHQWV+HQFHWKHFDUU\LQJYDOXHUHSUHVHQWVWKHIDLUYDOXHRIWKHYDULDEOHUDWH
instruments.

 6HWRXWEHORZLVDFRPSDULVRQRIWKHFDUU\LQJDPRXQWVDQGIDLUYDOXHVRIWKH%DQNȇVȴQDQFLDOLQVWUXPHQWVE\FODVVHVWKDWDUHQRW
FDUULHGDWIDLUYDOXHLQWKH)LQDQFLDO6WDWHPHQWV7KLVWDEOHGRHVQRWLQFOXGHWKHIDLUYDOXHVRIQRQȴQDQFLDODVVHWVDQGQRQȴQDQFLDO
liabilities.

SAMPATH SIMPLIFIED 321

 ƔƏ !(& ""$"ş$"$ ĺ

322
As at 31st December 2018

Bank Group
Fair Value Carrying Fair Value Carrying
Value Value
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
NOTES TO THE

SAMPATH BANK PLC

Loans to & receivables from banks - 1,644,134 - 1,644,134 1,644,405 - 1,644,134 - 1,644,134 1,644,405
Loans to & receivables from other customers - 645,530,393 - 645,530,393 648,369,233 - 674,277,119 - 674,277,119 675,894,019
Debt & other instruments - 121,818,703 - 121,818,703 121,105,392 - 121,823,239 - 121,823,239 121,109,711
- 768,993,230 - 768,993,230 771,119,030 - 797,744,492 - 797,744,492 798,648,135

Financial Liabilities
'XHWRRWKHUFXVWRPHUVȴ[HG FHUWLȴFDWHRI
FINANCIAL STATEMENTS

deposits - 455,670,889 - 455,670,889 455,623,026 - 465,496,559 - 465,496,559 465,128,753

Annual Report 2018

Debt issued & other borrowed funds - 88,948,818 - 88,948,818 89,948,406 - 104,798,203 - 104,798,203 106,373,545
- 544,619,707 - 544,619,707 545,571,432 - 570,294,762 - 570,294,762 571,502,298

 7KHIROORZLQJWDEOHOLVWVWKRVHȴQDQFLDOLQVWUXPHQWVIRUZKLFKWKHLUFDUU\LQJDPRXQWVDUHDUHDVRQDEOHDSSUR[LPDWLRQRIIDLUYDOXHVEHFDXVHIRUH[DPSOHWKH\DUHVKRUWWHUPLQ
nature or re-priced to current market rates frequently.

Assets Liabilities

Cash & cash equivalents Due to banks

Balances with Central Bank of Sri Lanka Securities sold under repurchase agreements
Placements with banks Savings, demand, call & margin deposits in "Due to other customers"
Reverse repurchase agreements Dividend payable
2WKHUȴQDQFLDODVVHWV 2WKHUȴQDQFLDOOLDELOLWLHV
 As at 31st December 2017

Bank Group
Fair Value Carrying Fair Value Carrying
Value Value
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Loans to & receivables from banks - 2,084,079 - 2,084,079 2,084,507 - 2,084,079 - 2,084,079 2,084,507
Loans to & receivables from other customers - 557,046,812 - 557,046,812 560,798,940 - 582,805,470 - 582,805,470 586,370,704
Debt & other instruments - 49,182,374 - 49,182,374 49,352,443 - 49,182,374 - 49,182,374 49,352,443
Financial assets- held to maturity - - - - - 12,336 - - 12,336 12,428
- 608,313,265 - 608,313,265 612,235,890 12,336 634,071,923 - 634,084,259 637,820,082

Financial Liabilities
'XHWRRWKHUFXVWRPHUVȴ[HG FHUWLȴFDWHRI
deposits - 405,005,482 - 405,005,482 404,274,809 - 414,427,236 - 414,427,236 413,315,863
Debt issued & other borrowed funds - 76,160,135 - 76,160,135 76,098,240 - 91,310,595 - 91,310,595 91,257,152
- 481,165,617 - 481,165,617 480,373,049 - 505,737,831 - 505,737,831 504,573,015

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nature or re-priced to current market rates frequently.

Assets Liabilities

Cash & cash equivalents Due to banks

Balances with Central Bank of Sri Lanka Securities sold under repurchase agreements
Placements with banks Savings, demand, call & margin deposits in "Due to other customers"
Reverse repurchase agreements Dividend payable
2WKHUȴQDQFLDODVVHWV 2WKHUȴQDQFLDOOLDELOLWLHV
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FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""
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323
$ "&""ş+""
NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT
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 5LVNLVLQKHUHQWLQWKH%DQNȇVDFWLYLWLHVEXWLVPDQDJHGWKURXJKDSURFHVVRIRQJRLQJLGHQWLȴFDWLRQPHDVXUHPHQWDQGPRQLWRULQJ
VXEMHFWWRULVNOLPLWVDQGRWKHUFRQWUROV7KLVSURFHVVRIULVNPDQDJHPHQWLVFULWLFDOWRWKH%DQNȇVFRQWLQXRXVSURȴWDELOLW\DQGHDFK
individual within the Bank is accountable for the risk exposures relating to his or her responsibilities. The Bank is mainly exposed to
Credit Risk, Liquidity Risk, Market Risk and Operational Risk which have been disclosed in this note as summarised below.

Page No

51.2 Credit Risk 325

51.2.1 Assessment of Expected Credit Losses 325
51.2.2 Credit–related Commitments Risks 327
51.2.3 Collateral and Other Credit Enhancements 328
51.2.4 Analysis of Risk Concentration 331
51.2.4.1 Country Risk - Geographical Analysis 331
51.2.4.2 Industry Analysis 335
51.2.5 Commitments and Contingencies 339

51.3 Liquidity Risk and Funding Management 339

51.3.1 Statutory Liquid Assets Ratio (SLAR) 339
51.3.2 Loans to & receivables from banks and other customers (Advances) to Due to banks and
other customers (Deposits) Ratio 339
51.3.3 Analysis of Financial Assets and Liabilities by Remaining Contractual Maturities 340
51.3.4 Remaining Contractual Maturities of Commitments and Contingencies 344

51.4 Market Risk 347

51.4.1 Interest Rate Risk 347
51.4.2 Currency Risk 352
51.4.3 Equity Price Risk 353

51.5 Operational Risk 353

51.6 Capital Management 353

Risk Management Framework

The Board of Directors has overall responsibility for the establishment and oversight of the Bank’s risk management framework. The
Board has delegated its authority to Board Integrated Risk Management Committee (BIRMC) which is responsible for developing and
monitoring Bank’s risk management policies. The Committee comprises of Executive and Non - Executive Directors. Meetings of BIRMC
are held regularly, and the Board of Directors are duly updated of its activities.

The Bank’s risk management policies are established to identify and analyse the risks faced by the Bank, to set appropriate risk
limits and controls and to monitor adherence to established limits. Risk management policies and systems are reviewed regularly
WRUHȵHFWFKDQJHVLQPDUNHWFRQGLWLRQVSURGXFWVDQGVHUYLFHVR΍HUHG7KH%DQNWKURXJKLWVWUDLQLQJDQGPDQDJHPHQWVWDQGDUGV
and procedures, continuously updates and maintains a disciplined and constructive control environment, in which all employees are
assigned and made to understand their respective roles and responsibilities.

Integrated Risk Management Unit

 7KH%XVLQHVVXQLWVLH&UHGLW'HSDUWPHQWV%UDQFKHV5HJLRQDO2ɝFHV7UHDVXU\HWFKDYHSULPDU\UHVSRQVLELOLW\IRU5LVN
0DQDJHPHQW7KHΖQWHJUDWHG5LVN0DQDJHPHQW8QLWZKLFKKDVQRUHVSRQVLELOLW\IRUSURȴWRUYROXPHWDUJHWVDFWVDVWKHQGOLQHRI
GHIHQFHDQGUHSRUWVWRWKH*URXS&KLHI5LVN2ɝFHU*&52ZKRLQWXUQGLUHFWO\UHSRUWVWRWKH%Ζ50& 

324 SAMPATH BANK PLC Annual Report 2018

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Asset / Liability Management Committee (ALCO)

ALCO is chaired by the Managing Director and has representatives from Treasury Department, Credit Departments, Marketing
Department, Finance Department, Strategic Planning Department and Deposit Mobilisation Department. The Group Chief Financial
2ɝFHUDQGWKH*URXS&KLHI5LVN2ɝFHUDUHDOVRPHPEHUVRIWKH$/&27KH&RPPLWWHHPHHWVUHJXODUO\WRPRQLWRUDQGPDQDJHWKH
assets & liabilities of the Bank and overall liquidity position to keep the Bank’s liquidity at healthy levels, whilst satisfying regulatory
requirements.

Risk Measurement and Reporting

The Bank’s risks are measured using appropriate techniques based on the type of risk and industry best practices. The Bank also
FDUULHVRXW6WUHVV7HVWLQJWRLGHQWLI\WKHH΍HFWRIH[WUHPHHYHQWVZRUVWFDVHVFHQDULRVLQPRVWRIWKHPDMRUW\SHVRIULVNVDQGWKH
results are reported to Board Integrated Risk Management Committee (BIRMC) on a periodic basis.

Monitoring and controlling risks is primarily performed based on policies, limits and thresholds established by the Bank. These limits
UHȵHFWWKHEXVLQHVVVWUDWHJ\DQGPDUNHWHQYLURQPHQWRIWKH%DQNDVZHOODVWKHOHYHORIULVNWKDWWKH%DQNLVZLOOLQJWRDFFHSW
(Risk Appetite).

Risk Mitigation
As part of its overall risk management, the Bank obtains various types of collaterals to mitigate the risk. Details such as nature of the
FROODWHUDOWKDWFRXOGEHDFFHSWHGUHTXLUHGVHFXULW\PDUJLQHWFDUHFOHDUO\GHȴQHGLQWKH&UHGLW3ROLF\RIWKH%DQNDQGDQ\GHYLDWLRQV
WKDWUHTXLUHVSHFLȴFDSSURYDO+RZHYHUUHVSHFWLYHDSSURYLQJDXWKRULWLHVZRXOGWDNHLQWRDFFRXQWWKHDYDLODELOLW\RIVHFXULW\RQO\DVWKH
secondary source of repayment.

ƔƐĺƑ u;7b|!bvh
 &UHGLWULVNLVWKHULVNRIȴQDQFLDOORVVWRWKH%DQNLIDERUURZHURUFRXQWHUSDUW\WRDȴQDQFLDOLQVWUXPHQWIDLOVWRPHHWLWVFRQWUDFWXDO
obligations, and arises principally from the Bank’s loans and advances to customers/other banks and investments in debt securities. In
addition to the credit risk from direct funding exposures, the Bank would also be exposed to indirect liabilities such as letters of credit,
guarantees etc, which would carry credit risk.

The Bank considers and consolidates all elements of credit risk exposure (such as individual obligor default risk, country and sector
concentration risks) to ensure stringent Credit Risk Management.

ƔƐĺƑĺƐ vv;vvl;m|o=Šr;1|;7u;7b|ovv;v

ƔƐĺƑĺƐ Ő-őm-Ѵ‹vbvo=|_;|o|-Ѵblr-bul;m|=ou;Šr;1|;71u;7b|Ѵovv;vbv-v=oѴѴo‰vĺ
Bank
As at 31st December 2018

Note Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Cash & cash equivalents 21.1 1,015 17,185 - 18,200

Placements with banks 23.1 2,195 - - 2,195
Loans to & receivables from banks 26.1 1,275 8,013 - 9,288
Loans to & receivables from other customers 27.2 2,901,724 2,097,246 15,286,587 20,285,557
Debt & other instruments 28.3 501,273 49,871 - 551,144
Credit related commitments & contingencies 46.1 658,526 231,217 294,344 1,184,087
Total impairment for expected credit losses 4,066,008 2,403,532 15,580,931 22,050,471

SAMPATH SIMPLIFIED 325

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

Group
As at 31st December 2018

Note Stage 1 Stage 2 Stage 3 Total

Rs 000 Rs 000 Rs 000 Rs 000

Cash & cash equivalents 21.1 1,018 17,185 - 18,203

Placements with banks 23.1 2,195 - - 2,195
Loans to & receivables from banks 26.1 1,275 8,013 - 9,288
Loans to & receivables from other customers 27.2 2,967,544 2,206,593 16,703,813 21,877,950
Debt & other instruments 28.3 501,273 49,871 - 551,144
Credit related commitments & contingencies 46.1 658,526 231,217 294,344 1,184,087
Total impairment for expected credit losses 4,131,831 2,512,879 16,998,157 23,642,867

ƔƐĺƑĺƐ Ő0őoˆ;l;m|o=|_;|o|-Ѵblr-bul;m|=ou;Šr;1|;71u;7b|Ѵovv;v7†ubm]|_;r;ubo7

Bank Group
Rs 000 Rs 000

Balance as at 1st January 2018 11,596,239 12,347,852

1HWFKDUJHWRSURȴWRUORVV 11,224,414 12,075,135
:ULWHR΍GXULQJWKH\HDU1RWH (279,015) (279,190)
Interest income accrued on impaired loans & receivables (Note 8.1) (1,325,572) (1,335,335)
Other movements (Note 27.3) 834,405 834,405
Balance as at 31st December 2018 22,050,471 23,642,867

 7KHPHWKRGRORJ\XVHGLQWKHGHWHUPLQDWLRQRIH[SHFWHGFUHGLWORVVHVLVH[SODLQHGLQ1RWHWRȴQDQFLDOVWDWHPHQWV

ƔƐĺƑĺƐ Ő1ő";mvbঞˆb|‹m-Ѵ‹vbvĹlr-1|o=;Š|;m7bm]|_;u;1oˆ;u‹1-v_Yo‰v0‹=†u|_;uom;‹;-u=oubm7bˆb7†-ѴѴ‹vb]mbC1-m|blr-bu;7Ѵo-mv
 +DGWKH%DQNIXUWKHUH[WHQGHGWKHUHFRYHU\FDVKȵRZVE\RQH\HDURQO\IRULQVWDQFHVZKHUHFDVKȵRZLVIRUHFDVWHGEDVHGRQ
FROODWHUDOUHDOLVDWLRQWKHFXPXODWLYHLPSDLUPHQWSURYLVLRQIRULQGLYLGXDOO\VLJQLȴFDQWLPSDLUHGORDQVZRXOGKDYHLQFUHDVHGE\
Rs 1,817 Mn.

ƔƐĺƑĺƐ Ő7ő";mvbঞˆb|‹m-Ѵ‹vbvĹlr-1|o=v|-]bm]o=Ѵo-mvom1oѴѴ;1ঞˆ;blr-bul;m|=ou;Šr;1|;71u;7b|Ѵovv;v
As explained in Note 4.4.6.1, the Bank / Group categorises its loans into stage 1, stage 2, stage 3 and originated credit impaired when
determining the collective impairment provision under SLFRS 9. The sensitivity of collective impairment provision to staging of the
loans is given below.

y If all performing loans to other customers currently in stage 2, were moved to stage 1, the ECL provision of the Bank / Group as at
31st December 2018 would have further reduced by approximately 9%. The total loans to & receivables from other customers in
stage 2 as at 31st December 2018 amounts to Rs 67.8 Bn & Rs 76.0 Bn for the Bank & the Group respectively.

y If all performing loans to other customers currently in stage 1, were moved to stage 2, the ECL provision of the Bank / Group
as at 31st December 2018 would have further increased by approximately 45%. The total loans to & receivables from other
customers in stage 1 as at 31st December 2018 amounts to Rs 557.6 Bn & Rs 572.6 Bn for the Bank & the Group respectively. The
management believes that a movement of the entire stage 1 loan portfolio to stage 2 is highly unlikely.

326 SAMPATH BANK PLC Annual Report 2018

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ƔƐĺƑĺƐ Ő;őo-mvr-v|7†;0†|mo|blr-bu;7
A loan is considered past due when a counterparty has not made a payment by the contractual due date. The following table presents
WKHFDUU\LQJYDOXHRIORDQVWKDWDUHFRQWUDFWXDOO\SDVWGXHEXWQRWFODVVLȴHGDVLPSDLUHGEHFDXVHWKH\DUHOHVVWKDQGD\VSDVWGXH
Loans past due 30 days or less are not presented in this analysis as they are not administratively considered past due.
As at 31st December 2018

Bank Group
31 - 60 Days 61 - 90 Days Total 31 - 60 Days 61 - 90 Days Total
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Term loans 40,726,751 178,932 40,905,683 41,823,709 364,389 42,188,098

Overdrafts 11,240,904 1,203,284 12,444,188 11,240,904 1,203,284 12,444,188
Import loans 4,251,171 411,663 4,662,834 4,251,171 411,663 4,662,834
Others 8,742,978 1,086,599 9,829,577 12,779,192 3,889,893 16,669,085
64,961,804 2,880,478 67,842,282 70,094,976 5,869,229 75,964,205

ƔƐĺƑĺƐ Ő=őˆ;uˆb;‰o=u;v1_;7†Ѵ;7ņu;v|u†1|†u;7Ѵo-mvŐ;Š1;r|bm7bˆb7†-ѴѴ‹blr-bu;7Ѵo-mvő
Bank
As at 31st December 2018

Amortised Cost Impairment for ECL Net Carrying

Stage 2 Stage 3 Total Stage 2 Stage 3 Total Value
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Term loans 26,366,926 4,475,227 30,842,153 747,793 1,710,647 2,458,440 28,383,713

Import loans 215,863 42,099 257,962 2,225 22,317 24,542 233,420
Others 1,410,506 100,230 1,510,736 57,368 36,125 93,493 1,417,243
27,993,295 4,617,556 32,610,851 807,386 1,769,089 2,576,475 30,034,376

Group
As at 31st December 2018

Amortised Cost Impairment for ECL Net Carrying

Stage 2 Stage 3 Total Stage 2 Stage 3 Total Value
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Term loans 26,373,809 4,555,039 30,928,848 747,855 1,723,814 2,471,669 28,457,179

Import loans 215,863 42,099 257,962 2,225 22,317 24,542 233,420
Others 1,666,867 528,749 2,195,616 60,602 123,127 183,729 2,011,887
28,256,539 5,125,887 33,382,426 810,682 1,869,258 2,679,940 30,702,486

ƔƐĺƑĺƑ u;7b|ŋu;Ѵ-|;7ollb|l;m|v!bvhv
The Bank makes available to its customers guarantees that may require that the Bank makes payments on their behalf and enters into
commitments to extend credit lines to secure their liquidity needs. Letters of credit and guarantees (including standby letters of credit)
FRPPLWWKH%DQNWRPDNHSD\PHQWVRQEHKDOIRIFXVWRPHUVLQWKHHYHQWRIDVSHFLȴFDFWJHQHUDOO\UHODWHGWRWKHLPSRUWRUH[SRUWRI
goods. Such commitments expose the Bank to risks similar to loans and are mitigated by the same control processes and policies.

SAMPATH SIMPLIFIED 327

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

ƔƐĺƑĺƒ oѴѴ-|;u-Ѵ-m7|_;uu;7b|m_-m1;l;m|v
ƔƐĺƑĺƒ Ő-ő;|;Šrov†u;|o1u;7b|ubvh
The amount and type of collateral required depends on an assessment of the credit risk of the counterparty. Guidelines are in place
covering the acceptability and valuation of each type of collateral. The main types of collateral obtained are as follows:

For commercial lending : charges over real estate properties, inventory and trade receivables

For retail lending : mortgages over residential properties

The Bank also obtains guarantees from parent companies as securities against loans guaranteed to their subsidiaries.

Management monitors the market value of collateral and will request additional collateral in accordance with the underlying
agreement. It is the Bank’s policy to dispose repossessed properties in an orderly manner. The proceeds are used to recover the
outstanding claim.

The following table shows the maximum exposure and net exposure (net of fair value of any collaterals held) to credit risk by class of
ȴQDQFLDODVVHWEHIRUHQHWWLQJR΍LPSDLUPHQWIRUH[SHFWHGFUHGLWORVVHV

Bank

As at 31st December 2018* 2017

Note Maximum Net Exposure Maximum Net Exposure
Exposure to Exposure to
Credit Risk Credit Risk
Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 19,070,155 4,058,907 22,334,315 7,701,785
Placements with banks 23 8,749,121 8,749,121 3,159,326 3,159,326
Reverse repurchase agreements 500,124 - 1,200,762 -
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 1,171,037 1,171,037 496,918 496,918
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVV
measured at fair value 25 27,720,246 27,720,246 20,502,507 20,502,507
Financial assets at amortised cost
Loans to & receivables from banks 26 1,653,693 1,035,403 2,084,507 1,536,253
Loans to & receivables from other customers** 27 668,654,790 286,145,708 569,442,247 247,198,663
Debt & other instruments 28 121,656,536 116,496,094 49,352,443 45,952,577
Financial assets - fair value through other
comprehensive income 29 27,517,305 27,517,305 n/a n/a
Financial assets - available for sale 29 n/a n/a 77,095,719 77,095,719
Other assets 5,434,982 5,434,982 4,123,185 4,123,185
882,127,989 478,328,803 749,791,929 407,766,933

328 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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Group

As at 31st December 2018* 2017

Note Maximum Net Exposure Maximum Net Exposure
Exposure to Exposure to
Credit Risk Credit Risk
Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 21 19,236,457 4,065,352 22,612,939 7,707,599
Placements with banks 23 8,749,121 8,749,121 3,225,025 3,225,025
Reverse repurchase agreements 2,258,852 - 2,392,852 -
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 24 1,171,037 1,171,037 496,918 496,918
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVV
measured at fair value 25 27,720,246 27,720,246 20,502,507 20,502,507
Financial assets at amortised cost
Loans to & receivables from banks 26 1,653,693 1,035,403 2,084,507 1,536,253
Loans to & receivables from other customers** 27 697,771,969 283,152,017 595,686,947 250,264,137
Debt & other instruments 28 121,660,855 116,500,413 49,352,443 45,952,577
Financial assets - fair value through other
comprehensive income 29 27,517,361 27,517,361 n/a n/a
Financial assets - available for sale 29 n/a n/a 77,095,775 77,095,775
Financial assets - held to maturity 30 - - 12,428 12,428
Other assets 5,845,058 5,845,058 4,285,587 4,285,587
913,584,649 475,756,008 777,747,928 411,078,806

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

** Approximately 40% and 8% of the loans and receivables of the Bank/Group are secured against immovable property and cash /
deposits held within the Bank/Group respectively . Further 9% of the loans and receivables are secured against other securities
including movable property, gold, lease receivables etc.

SAMPATH SIMPLIFIED 329

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

ƔƐĺƑĺƒ Ő0ő@v;মm]Cm-m1b-Ѵ-vv;|vşѴb-0bѴbঞ;v
 )LQDQFLDODVVHWVDQGȴQDQFLDOOLDELOLWLHVDUHR΍VHWDQGWKHQHWDPRXQWLVSUHVHQWHGLQWKH6WDWHPHQWRI)LQDQFLDO3RVLWLRQZKHQWKH
*URXSKDVDOHJDOULJKWWRVHWR΍WKHUHFRJQLVHGDPRXQWVDQGLWLQWHQGVHLWKHUWRVHWWOHRQDQHWEDVLVRUWRUHDOLVHWKHDVVHWDQGVHWWOH
the liability simultaneously.

ƔƐĺƑĺƒ Ő1ő bm-m1b-Ѵ-vv;|vşѴb-0bѴbঞ;vmo|v†0f;1||oo@v;মm]

 $PRXQWVWKDWGRQRWTXDOLI\IRUR΍VHWWLQJLQFOXGHQHWWLQJDUUDQJHPHQWVWKDWRQO\SHUPLWRXWVWDQGLQJWUDQVDFWLRQVZLWKWKHVDPH
FRXQWHUSDUW\WREHR΍VHWLQDQHYHQWRIGHIDXOWRURFFXUUHQFHRIRWKHUSUHGHWHUPLQHGHYHQWV6XFKQHWWLQJDUUDQJHPHQWVLQFOXGH
repurchase arrangements and other similar secured lending and borrowing arrangements.

 7KHDPRXQWRIWKHȴQDQFLDOFROODWHUDOUHFHLYHGRUSOHGJHGVXEMHFWWRQHWWLQJDUUDQJHPHQWVEXWQRWTXDOLȴHGIRUR΍VHWWLQJDUHGLVFORVHG
below.

Bank

As at 31st December 2018 2017

Gross Amount Net Amount Gross Amount Net Amount
Amount Subject to Amount Subject to
Netting Netting
but do not but do not
Qualify for Qualify for
2΍VHWWLQJ 2΍VHWWLQJ
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Loans to & receivables from other
customers 58,642,583 42,629,826 16,012,757 61,426,422 39,586,513 21,839,909

Financial Liabilities
Securities sold under repurchase
agreements 13,732,205 13,732,205 - 4,386,335 4,386,335 -

Group

As at 31st December 2018 2017

Gross Amount Net Amount Gross Amount Net Amount
Amount Subject to Amount Subject to
Netting Netting
but do not but do not
Qualify for Qualify for
2΍VHWWLQJ 2΍VHWWLQJ
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Loans to & receivables from other
customers 59,916,005 43,125,497 16,790,508 62,917,895 40,361,767 22,556,128

Financial Liabilities
Securities sold under repurchase
agreements 13,709,472 13,709,472 - 4,231,946 4,231,946 -

330 SAMPATH BANK PLC Annual Report 2018

 ƔƐĺƑĺƓ m-Ѵ‹vbvo=!bvhom1;m|u-ঞom
Risk concentrations: maximum exposure to credit risk without taking account of any collateral and other credit enhancements.

The Concentration risk is monitored/managed through borrower/group, sector, product etc. Maximum exposure of both funded and non funded facilities to a company and
a group as at the reporting date was Rs 16,977 Mn and Rs 19,605 Mn respectively. The following tables show the maximum exposure to credit risk for the components of the
Statement of Financial Position, including geography of counterparty and sector.

ƔƐĺƑĺƓĺƐo†m|u‹!bvhŊ;o]u-r_b1-Ѵm-Ѵ‹vbv
(a) Bank - as at 31st December 2018

Sri Lanka Europe America South Asia $VLD3DFLȴF Middle East & Total
Africa
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 15,271,319 525,600 1,593,880 411,398 899,881 349,877 19,051,955
Balances with Central Bank of Sri Lanka 36,557,776 - - - - - 36,557,776
Placements with banks 1,831,313 1,827,242 2,070,560 - - 3,017,811 8,746,926
Reverse repurchase agreements 500,124 - - - - - 500,124
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,144,244 26,777 - - 16 - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHG
at fair value 27,720,246 - - - - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 1,644,405 - - - - - 1,644,405
Loans to & receivables from other customers ** 635,472,649 527,370 577,183 11,173,135 329,325 289,571 648,369,233
Debt & other instruments 121,105,392 - - - - - 121,105,392
Financial assets - fair value through other comprehensive
income 25,083,237 - - 2,434,068 - - 27,517,305
Other assets 4,702,420 206,979 135,108 95,120 30,212 265,143 5,434,982
871,033,125 3,113,968 4,376,731 14,113,721 1,259,434 3,922,402 897,819,381
** Provincial breakdown for loans to & receivables from other customers within Sri Lanka

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.

Province Rs 000

Central 41,472,090
Eastern 11,941,418
North Central 12,553,301
North Western 30,036,102
Northern 11,326,441
!"ş(!

Sabaragamuwa 13,090,474
FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""

Southern 29,986,943
Uva 12,036,742
$! &$!+ !$

"&$!+ !$

Western 473,029,138
635,472,649

331
$ "&""ş+""
 51 RISK MANAGEMENT CONTD.

332
 Ő0ő-mhŊ-v-|ƒƐv| ;1;l0;uƑƏƐƕ

Sri Lanka Europe America South Asia $VLD3DFLȴF Middle East & Total
Africa
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 17,004,822 418,545 3,820,867 145,915 545,655 398,511 22,334,315
Balances with Central Bank of Sri Lanka 41,100,364 - - - - - 41,100,364
NOTES TO THE

SAMPATH BANK PLC

Placements with banks 76,764 - 779,774 - 2,302,788 - 3,159,326
Reverse repurchase agreements 1,200,762 - - - - - 1,200,762
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 468,599 28,319 - - - - 496,918
Financial assets - held for trading 20,502,507 - - - - - 20,502,507
Loans to & receivables from banks 2,084,507 - - - - - 2,084,507
Loans to & receivables from other customers** 553,132,105 187,137 495,452 5,749,046 1,177,299 57,901 560,798,940
Other loans & receivables 49,352,443 - - - - - 49,352,443
FINANCIAL STATEMENTS

Financial assets - available for sale 74,434,889 - - 2,660,830 - - 77,095,719

Financial assets - held to maturity - - - - - - -

Annual Report 2018

Other assets 3,587,081 165,236 116,268 616 5,933 248,051 4,123,185
762,944,843 799,237 5,212,361 8,556,407 4,031,675 704,463 782,248,986

** Provincial breakdown for loans to & receivables from other customers within Sri Lanka

Province Rs 000

Central 35,618,138
Eastern 11,093,394
North Central 12,843,992
North Western 29,025,034
Northern 9,998,350
Sabaragamuwa 11,859,291
Southern 26,676,226
Uva 11,326,665
Western 404,691,015
553,132,105
  Ő1őuo†rŊ-v-|ƒƐv| ;1;l0;uƑƏƐѶ

Sri Lanka Europe America South Asia $VLD3DFLȴF Middle East & Total
Africa
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 15,437,618 525,600 1,593,880 411,398 899,881 349,877 19,218,254
Balances with Central Bank of Sri Lanka 36,557,776 - - - - - 36,557,776
Placements with banks 1,831,313 1,827,242 2,070,560 - - 3,017,811 8,746,926
Reverse repurchase agreements 2,258,852 - - - - - 2,258,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,144,244 26,777 - - 16 - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHG
at fair value 27,720,246 - - - - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 1,644,405 - - - - - 1,644,405
Loans to & receivables from other customers ** 662,997,435 527,370 577,183 11,173,135 329,325 289,571 675,894,019
Debt & other instruments 121,109,711 - - - - - 121,109,711
Financial assets - fair value through other comprehensive
income 25,083,293 - - 2,434,068 - - 27,517,361
Other assets 5,112,496 206,979 135,108 95,120 30,212 265,143 5,845,058
900,897,389 3,113,968 4,376,731 14,113,721 1,259,434 3,922,402 927,683,645

** Provincial breakdown for loans to & receivables from other customers within Sri Lanka

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.

Province Rs 000

Central 45,370,903
Eastern 14,769,208
North Central 13,799,472
North Western 33,375,553
Northern 11,648,447
Sabaragamuwa 14,929,307
Southern 32,324,661
Uva 12,424,642
Western 484,355,242
662,997,435
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FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""
$! &$!+ !$

"&$!+ !$

333
$ "&""ş+""
 51 RISK MANAGEMENT CONTD.

334
(d) Group - as at 31st December 2017

Sri Lanka Europe America South Asia $VLD3DFLȴF Middle East & Total
Africa
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 17,283,446 418,545 3,820,867 145,915 545,655 398,511 22,612,939
Balances with Central Bank of Sri Lanka 41,100,364 - - - - - 41,100,364
NOTES TO THE

SAMPATH BANK PLC

Placements with banks 142,463 - 779,774 - 2,302,788 - 3,225,025
Reverse repurchase agreements 2,392,852 - - - - - 2,392,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 468,599 28,319 - - - - 496,918
Financial assets - held for trading 20,502,507 - - - - - 20,502,507
Loans to & receivables from banks 2,084,507 - - - - - 2,084,507
Loans to & receivables from other customers** 578,703,872 187,137 495,452 5,749,045 1,177,298 57,900 586,370,704
Other loans & receivables 49,352,443 - - - - - 49,352,443
FINANCIAL STATEMENTS

Financial assets - available for sale 74,434,947 - - 2,660,828 - - 77,095,775

Annual Report 2018

Financial assets - held to maturity 12,428 - - - - - 12,428
Other assets 3,749,482 165,236 116,269 616 5,933 248,051 4,285,587
790,227,910 799,237 5,212,362 8,556,404 4,031,674 704,462 809,532,049

** Provincial breakdown for loans to & receivables from other customers within Sri Lanka

Province Rs 000

Central 38,768,934
Eastern 13,501,722
North Central 13,823,369
North Western 31,804,101
Northern 10,238,855
Sabaragamuwa 13,244,867
Southern 28,350,723
Uva 11,630,423
Western 417,340,878
578,703,872
 ƔƐĺƑĺƓĺƑm7†v|u‹m-Ѵ‹vbv
The following tables show the risk concentration by industry for the components of the Statement of Financial Position.

(a) Bank - as at 31st December 2018

Agriculture Manufacturing Tourism Transport Construction Traders Banks, Government Other Consumers Total
and Related & Financial Services
Infrastructure and
Business
Services
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents - - - - - - 19,051,955 - - - 19,051,955
Balances with Central Bank of Sri Lanka - - - - - - - 36,557,776 - - 36,557,776
Placements with banks - - - - - - 8,746,926 - - - 8,746,926
Reverse repurchase agreements - - - - - - 500,124 - - - 500,124
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 3,173 - - - - 2,904 1,164,960 - - - 1,171,037
Financial assets recognised through
SURȴWRUORVVPHDVXUHGDWIDLUYDOXH
Government debt securities - - - - - - - 27,647,228 - - 27,647,228
Quoted equities - - - - - 4,175 68,843 - - - 73,018
Financial assets at amortised cost
Loans to & receivables from banks - - - - - - 1,644,405 - - - 1,644,405
Loans to & receivables from other
customers 42,003,403 104,065,649 60,543,023 12,486,850 124,843,741 140,016,521 48,443,812 15,535,474 21,077,173 79,353,587 648,369,233
Debt & other instruments 32,709 509,847 - - 547,047 723,486 7,671,829 111,620,474 - - 121,105,392
Financial assets - fair value through other
comprehensive income
Government debt securities - - - - - - - 25,047,854 - - 25,047,854
Other equity securities - - - - - - 2,432,869 - 36,582 - 2,469,451
Other assets - - - - - - 1,111,608 3,263,769 1,059,605 - 5,434,982
42,039,285 104,575,496 60,543,023 12,486,850 125,390,788 140,747,086 90,837,331 219,672,575 22,173,360 79,353,587 897,819,381

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.
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FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""
$! &$!+ !$

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335
$ "&""ş+""
 51 RISK MANAGEMENT CONTD.

336
(b) Bank - as at 31st December 2017

Agriculture Manufacturing Tourism Transport Construction Traders Banks, Government Other Consumers Total
and Related & Financial Services
Infrastructure and
Business
Services
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
NOTES TO THE

SAMPATH BANK PLC

Cash & cash equivalents - - - - - - 22,334,315 - - - 22,334,315
Balances with Central Bank of Sri Lanka - - - - - - - 41,100,364 - - 41,100,364
Placements with banks - - - - - - 3,159,326 - - - 3,159,326
Reverse repurchase agreements - - - - - - 1,200,762 - - - 1,200,762
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 34,257 462,661 - - - 496,918
Financial assets - held for trading
Government securities - - - - - - - 20,413,198 - - 20,413,198
FINANCIAL STATEMENTS

Quoted equities - - - - - 4,348 84,961 - - - 89,309

Loans to & receivables from banks - - - - - - 2,084,507 - - - 2,084,507

Annual Report 2018

Loans to & receivables from other
customers 44,638,250 91,455,200 43,039,520 8,304,092 114,024,949 136,249,276 31,359,360 9,710,813 20,419,452 61,598,028 560,798,940
Other loans & receivables 78,146 509,893 - - 816,128 1,415,394 5,644,116 40,888,766 - - 49,352,443
Financial assets - available for sale
Government securities - - - - - - - 74,405,290 - - 74,405,290
Other equity securities - - - - - - 2,659,822 - 30,607 - 2,690,429
Financial assets - held to maturity - - - - - - - - - - -
Other assets - - - - - - 1,132,489 1,991,371 999,325 - 4,123,185
44,716,396 91,965,093 43,039,520 8,304,092 114,841,077 137,703,275 70,122,319 188,509,802 21,449,384 61,598,028 782,248,986
 (c) Group - as at 31st December 2018

Agriculture Manufacturing Tourism Transport Construction & Traders Banks, Government Other Consumers Total
and Related Infrastructure Financial Services
and Business
Services
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents - - - - - - 19,218,254 - - - 19,218,254
Balances with Central Bank of Sri Lanka - - - - - - - 36,557,776 - - 36,557,776
Placements with banks - - - - - - 8,746,926 - - - 8,746,926
Reverse repurchase agreements - - - - - - 2,258,852 - - - 2,258,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 3,173 - - - - 2,904 1,164,960 - - - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴW
or loss - measured at fair value
Government debt securities - - - - - - - 27,647,228 - - 27,647,228
Quoted equities - - - - - 4,175 68,843 - - - 73,018
Financial assets at amortised cost
Loans to & receivables from banks - - - - - - 1,644,405 - - - 1,644,405
Loans to & receivables from other
customers 44,280,481 107,102,933 61,859,712 14,484,802 126,821,391 145,614,527 43,221,969 15,535,474 31,877,007 85,095,723 675,894,019
Debt & other instruments 32,709 509,847 - - 547,047 723,486 7,671,829 111,624,793 - - 121,109,711
Financial assets - fair value through other
comprehensive income
Government debt securities - - - - - - - 25,047,854 - - 25,047,854
Other equity securities - - - - - - 2,432,869 - 36,638 - 2,469,507
Other assets - - - - - 89,404 1,110,864 3,263,769 1,381,021 - 5,845,058
44,316,363 107,612,780 61,859,712 14,484,802 127,368,438 146,434,496 87,539,771 219,676,894 33,294,666 85,095,723 927,683,645

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.
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FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
&!&"""
$! &$!+ !$

"&$!+ !$

337
$ "&""ş+""
 51 RISK MANAGEMENT CONTD.

338
(d) Group - as at 31st December 2017

Agriculture Manufacturing Tourism Transport Construction & Traders Banks, Government Other Consumers Total
and Related Infrastructure Financial and Services
Business
Services
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents - - - - - - 22,612,939 - - - 22,612,939
NOTES TO THE

SAMPATH BANK PLC

Balances with Central Bank of Sri Lanka - - - - - - - 41,100,364 - - 41,100,364
Placements with banks - - - - - - 3,225,025 - - - 3,225,025
Reverse repurchase agreements - - - - - - 2,392,852 - - - 2,392,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 34,257 462,661 - - - 496,918
Financial assets - held for trading
Government debt securities - - - - - - - 20,413,198 - - 20,413,198
Quoted equities - - - - - 4,348 84,961 - - - 89,309
FINANCIAL STATEMENTS

Loans to & receivables from banks - - - - - - 2,084,507 - - - 2,084,507

Loans to & receivables from other

Annual Report 2018

customers 46,287,881 93,550,757 43,629,940 8,401,310 115,142,960 141,215,711 30,343,939 9,710,814 33,926,011 64,161,381 586,370,704
Other loans & receivables 78,146 509,893 - - 816,128 1,415,394 5,644,116 40,888,766 - - 49,352,443
Financial assets - available for sale
Government securities - - - - - - - 74,405,289 - - 74,405,289
Other equity securities - - - - - - 2,659,822 - 30,664 - 2,690,486
Financial assets - held to maturity - - - - - - - 12,428 - - 12,428
Other assets - - - - - - 1,266,895 1,991,372 1,027,320 - 4,285,587
46,366,027 94,060,650 43,629,940 8,401,310 115,959,088 142,669,710 70,777,717 188,522,231 34,983,995 64,161,381 809,532,049
 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƔƐĺƑĺƔollb|l;m|v-m7omঞm];m1b;v
 7RPHHWWKHȴQDQFLDOQHHGVRIFXVWRPHUVWKH%DQNHQWHUVLQWRYDULRXVFRPPLWPHQWVDQGFRQWLQJHQWOLDELOLWLHV(YHQWKRXJKWKHVH
obligations may not be recognised in the Statement of Financial Position, they do contain credit risk and are, therefore, part of the
overall risk of the Bank.

 7KHPD[LPXPH[SRVXUHWRFUHGLWULVNUHODWLQJWRDȴQDQFLDOJXDUDQWHHLVWKHPD[LPXPDPRXQWWKH%DQNVKRXOGKDYHWRSD\LIWKH
guarantee is called upon. The maximum exposure to credit risk relating to a loan commitment is the full amount of the commitment.
ΖQERWKFDVHVWKHPD[LPXPULVNH[SRVXUHLVVLJQLȴFDQWO\JUHDWHUWKDQWKHDPRXQWUHFRJQLVHGDVDOLDELOLW\LQWKH6WDWHPHQWRI)LQDQFLDO
Position. The Bank's maximum credit risk exposure for commitments and contingencies are disclosed in the Note No. 46.1.

ƔƐĺƒ bt†b7b|‹!bvh-m7 †m7bm]-m-];l;m|

 /LTXLGLW\ULVNLVWKHULVNWKDWWKH%DQNZLOOHQFRXQWHUGLɝFXOWLHVLQPHHWLQJLWVȴQDQFLDOFRPPLWPHQWVWKDWDUHVHWWOHGE\GHOLYHULQJFDVK
RUDQRWKHUȴQDQFLDODVVHW+HQFHWKH%DQNPD\EHXQDEOHWRPHHWLWVSD\PHQWREOLJDWLRQVZKHQWKH\IDOOGXHXQGHUERWKQRUPDODQG
VWUHVVFLUFXPVWDQFHV7ROLPLWWKLVULVNPDQDJHPHQWKDVDUUDQJHGGLYHUVLȴHGIXQGLQJVRXUFHVLQDGGLWLRQWRLWVFRUHGHSRVLWEDVHDQG
DGRSWHGDSROLF\RIFRQWLQXRXVO\PDQDJLQJDVVHWVZLWKOLTXLGLW\LQPLQGDQGPRQLWRULQJIXWXUHFDVKȵRZVDQGOLTXLGLW\RQDGDLO\EDVLV
The Bank has developed internal control processes and contingency plans for managing liquidity risk. This incorporates an assessment
RIH[SHFWHGFDVKȵRZVDQGWKHDYDLODELOLW\RIKLJKJUDGHFROODWHUDOZKLFKFRXOGEHXVHGWRVHFXUHDGGLWLRQDOIXQGLQJLIUHTXLUHG

The Bank maintains a portfolio of highly marketable and diverse assets assumed to be easily liquidated in the event of an unforeseen
LQWHUUXSWLRQRIH[SHFWHGFDVKȵRZ7KH%DQNDOVRKDVFRPPLWWHGOLQHVRIFUHGLWWKDWFRXOGEHXWLOL]HGWRPHHWOLTXLGLW\QHHGV
Further, the Bank maintained a statutory deposit with the Central Bank of Sri Lanka equal to 6% (2017 : 7.5%) of customer rupee
deposits. In accordance with the Bank’s policy, the liquidity position is assessed and managed under a variety of scenarios, giving
GXHFRQVLGHUDWLRQWRVWUHVVIDFWRUVUHODWLQJWRERWKWKHPDUNHWLQJHQHUDODQGVSHFLȴFWRWKH%DQN7KHPRVWLPSRUWDQWRIWKLVLVWR
maintain the required ratio of liquid assets to liabilities, to meet the regulatory requirement (20%). Liquid assets consist of cash, short–
term bank deposits and liquid debt securities available for immediate sale. Further the Statutory Liquid Assets Ratio of the Bank for the
month of December 2018 is given in Note 51.3.1 below.

ƔƐĺƒĺƐ "|-|†|ou‹bt†b7vv;|v!-ঞoŐ"!ő

For the month of December 2018 2017

% %

Domestic banking unit (DBU) 21.50 22.22

Foreign currency banking unit (FCBU) 25.78 24.90

ƔƐĺƒĺƑ o-mv|oşu;1;bˆ-0Ѵ;v=uol0-mhv-m7o|_;u1†v|ol;uvŐ7ˆ-m1;vő|o †;|o0-mhv-m7o|_;u1†v|ol;uvŐ ;rovb|vő!-ঞo

The Bank is aware of the importance of due to banks & other customers as a source of funds for its lending operations. This is
monitored using the following ratio, which compares loans to & receivables from banks and other customers (Advances) as a
percentage of due to banks & due to other customers (Deposits).

 o-mv|oşu;1;bˆ-0Ѵ;v=uol0-mhv-m7o|_;u1†v|ol;uvŐ7ˆ-m1;vő|o †;|o0-mhv-m7o|_;u1†v|ol;uvŐ ;rovb|vő!-ঞo

As at 31st December 2018 : 96.02% (2017 : 90.65%)

SAMPATH SIMPLIFIED 339

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

ƔƐĺƒĺƒ m-Ѵ‹vbvo= bm-m1b-Ѵvv;|v-m7b-0bѴbঞ;v0‹!;l-bmbm]om|u-1|†-Ѵ-|†ubঞ;v     
 7KHWDEOHVEHORZVXPPDULVHWKHPDWXULW\SURȴOHRIWKHXQGLVFRXQWHGFDVKȵRZVRIWKH%DQNȇVȴQDQFLDODVVHWVDQGȴQDQFLDOOLDELOLWLHVDV
at 31st December 2018. Repayments which are subject to notice are treated as if notice were to be given immediately. However, the
Bank expects that many customers will not request repayment on the earliest date it could be required to pay and the tables do not
UHȵHFWWKHH[SHFWHGFDVKȵRZVLQGLFDWHGE\LWVGHSRVLWUHWHQWLRQKLVWRU\

Contractual Maturities of Undiscounted Cash Flows of Financial Assets and Financial Liabilities
(a) Bank - as at 31st December 2018

Up to 3 3 - 12 1 - 3 Years 3 - 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 19,051,955 - - - - 19,051,955
Balances with Central Bank of Sri Lanka 20,181,962 13,586,582 997,728 1,357,820 433,684 36,557,776
Placements with banks 8,751,689 - - - - 8,751,689
Reverse repurchase agreements 500,124 - - - - 500,124
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 988,372 182,665 - - - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 27,720,246 - - - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 432,018 596,420 853,342 16,844 - 1,898,624
Loans to & receivables from other
customers 275,643,909 135,237,471 175,762,818 113,721,690 100,132,188 800,498,076
Debt & other instruments 21,880,528 48,662,322 40,006,291 24,106,371 - 134,655,512
Financial assets - fair value through other
comprehensive income 12,731,631 12,312,540 - 3,683 2,469,451 27,517,305
Other assets 2,167,660 3,044,980 45,828 48,917 150,046 5,457,431
Total Financial Assets 390,050,094 213,622,980 217,666,007 139,255,325 103,185,369 1,063,779,775

Financial Liabilities
Due to banks 8,538,313 454,827 - - - 8,993,140
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,321,472 1,630,847 - - - 2,952,319
Securities sold under repurchase
agreements 13,472,851 276,173 - - - 13,749,024
Due to other customers 392,723,859 273,121,590 19,548,158 29,942,048 7,507,588 722,843,243
Debt issued & other borrowed funds 9,350,454 29,315,256 34,943,178 29,455,434 5,294,154 108,358,476
Dividend payable 97,462 - - - - 97,462
Other liabilities 5,334,106 2,425,542 557,970 100,449 291,815 8,709,882
Total Financial Liabilities 430,838,517 307,224,235 55,049,306 59,497,931 13,093,557 865,703,546

Total Net Financial Assets / (Liabilities) (40,788,423) (93,601,255) 162,616,701 79,757,394 90,091,812 198,076,229

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

340 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

(b) Bank - as at 31st December 2017

Up to 3 3 - 12 1 - 3 Years 3 - 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 22,346,640 - - - - 22,346,640
Balances with Central Bank of Sri Lanka 23,720,784 15,013,592 841,857 1,026,699 497,432 41,100,364
Placements with banks 3,159,526 - - - - 3,159,526
Reverse repurchase agreements 1,201,269 - - - - 1,201,269
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 317,442 178,576 900 - - 496,918
Financial assets - held for trading 20,502,507 - - - - 20,502,507
Loans to & receivables from banks 230,880 651,790 1,338,701 325,491 - 2,546,862
Loans to & receivables from other customers 258,434,330 106,664,521 153,049,982 85,134,760 77,597,223 680,880,816
Other loans & receivables 8,054,707 9,049,778 27,492,162 11,726,774 - 56,323,421
Financial assets - available for sale 66,170,810 7,459,409 151,502 518,562 2,795,436 77,095,719
Financial assets - held to maturity - - - - - -
Other assets 3,674,139 338,784 47,078 47,637 50,350 4,157,988
Total Financial Assets 407,813,034 139,356,450 182,922,182 98,779,923 80,940,441 909,812,030

Financial Liabilities
Due to banks 3,095,152 1,690,482 - - - 4,785,634
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 71,608 32,265 74 - - 103,947
Securities sold under repurchase
agreements 4,046,691 359,868 - - - 4,406,559
Due to other customers 366,962,472 229,784,102 13,049,236 16,378,049 7,201,357 633,375,216
Debt issued & other borrowed funds 3,991,519 26,438,226 32,889,494 27,046,806 4,214,590 94,580,635
Dividend payable 99,259 - - - - 99,259
Other liabilities 4,290,457 2,672,234 705,130 124,119 256,608 8,048,548
Total Financial Liabilities 382,557,158 260,977,177 46,643,934 43,548,974 11,672,555 745,399,798

Total Net Financial Assets / (Liabilities) 25,255,876 (121,620,727) 136,278,248 55,230,949 69,267,886 164,412,232

SAMPATH SIMPLIFIED 341

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

(c) Group - as at 31st December 2018

Up to 3 3 - 12 1 - 3 Years 3 - 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 19,218,254 - - - - 19,218,254
Balances with Central Bank of Sri Lanka 20,181,963 13,586,582 997,728 1,357,820 433,683 36,557,776
Placements with banks 8,751,690 - - - - 8,751,690
Reverse repurchase agreements 2,271,347 - - - - 2,271,347
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 988,372 182,665 - - - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 27,720,246 - - - - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 432,018 596,420 853,342 16,844 - 1,898,624
Loans to & receivables from other
customers 281,175,177 146,737,986 190,576,830 119,684,823 100,248,079 838,422,895
Debt and other instruments 21,880,528 48,662,322 40,010,591 24,106,371 - 134,659,812
Financial assets - fair value through other
comprehensive income 12,731,631 12,312,540 - 3,683 2,469,507 27,517,361
Other assets 2,385,333 3,289,898 45,898 48,917 149,983 5,920,029
Total Financial Assets 397,736,559 225,368,413 232,484,389 145,218,458 103,301,252 1,104,109,071

Financial Liabilities
Due to banks 8,601,707 454,827 - - - 9,056,534
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,321,473 1,630,846 - - - 2,952,319
Securities sold under repurchase
agreements 13,459,848 265,526 - - - 13,725,374
Due to other customers 395,612,100 277,478,002 21,178,615 30,630,845 7,507,599 732,407,161
Debt issued & other borrowed funds 12,775,167 33,234,510 42,829,165 31,513,443 5,294,154 125,646,439
Dividend payable 97,462 - - - - 97,462
Other liabilities 5,832,792 2,210,444 153,864 35,058 291,817 8,523,975
Total Financial Liabilities 437,700,549 315,274,155 64,161,644 62,179,346 13,093,570 892,409,264

Total Net Financial Assets / (Liabilities) (39,963,990) (89,905,742) 168,322,745 83,039,112 90,207,682 211,699,807

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

342 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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(d) Group - as at 31st December 2017

Up to 3 3 - 12 1 - 3 Years 3 - 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 22,646,773 - - - - 22,646,773
Balances with Central Bank of Sri Lanka 23,720,784 15,013,592 841,857 1,026,699 497,432 41,100,364
Placements with banks 3,225,540 - - - - 3,225,540
Reverse repurchase agreements 1,819,603 597,599 - - - 2,417,202
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 317,442 178,576 900 - - 496,918
Financial assets - held for trading 20,502,507 - - - - 20,502,507
Loans to & receivables from banks 230,880 651,790 1,338,701 325,491 - 2,546,862
Loans to & receivables from other customers 264,004,775 116,644,635 166,106,667 90,166,283 77,660,744 714,583,104
Other loans & receivables 8,054,707 9,049,778 27,492,162 11,726,774 - 56,323,421
Financial assets - available for sale 66,170,810 7,459,409 151,502 518,562 2,795,492 77,095,775
Financial assets - held to maturity 2,403 5,967 - 4,300 - 12,670
Other assets 3,674,139 535,659 47,078 47,637 15,877 4,320,390
Total Financial Assets 414,370,363 150,137,005 195,978,867 103,815,746 80,969,545 945,271,526

Financial Liabilities
Due to banks 3,171,691 1,690,482 - - - 4,862,173
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 71,608 32,265 74 - - 103,947
Securities sold under repurchase
agreements 3,962,622 286,648 - - - 4,249,270
Due to other customers 371,487,145 233,475,321 14,280,655 17,597,768 7,201,371 644,042,260
Debt issued & other borrowed funds 6,935,600 30,341,083 38,578,903 30,900,296 4,214,590 110,970,472
Dividend payable 99,259 - - - - 99,259
Other liabilities 5,452,674 2,492,258 291,624 13,495 248,199 8,498,250
Total Financial Liabilities 391,180,599 268,318,057 53,151,256 48,511,559 11,664,160 772,825,631

Total Net Financial Assets / (Liabilities) 23,189,764 (118,181,052) 142,827,611 55,304,187 69,305,385 172,445,895

SAMPATH SIMPLIFIED 343

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

ƔƐĺƒĺƓ !;l-bmbm]om|u-1|†-Ѵ-|†ubঞ;vo=ollb|l;m|v-m7omঞm];m1b;v
The tables below show the contractual expiry by remaining maturity of the Bank’s contingent liabilities and commitments. Each
XQGUDZQORDQFRPPLWPHQWLVLQFOXGHGLQWKHWLPHEDQGFRQWDLQLQJWKHHDUOLHVWGDWHLWFDQEHGUDZQGRZQ)RULVVXHGȴQDQFLDO
guarantee contracts, the maximum amount of the guarantee is allocated to the earliest period in which the guarantee could be called.

(a) Bank - as at 31st December 2018

On Demand Less than 3 3 to 12 1 to 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Credit related commitments and

contingencies
Direct credit facilities 168,175,885 - - - - 168,175,885
Indirect credit facilities 46,523,763 - - - - 46,523,763
Acceptances 239,502 10,779,531 6,425,568 28,650 - 17,473,251
Documentary credit 1,648,704 14,042,761 1,851,274 43,806 - 17,586,545
Guarantees 7,884,615 10,229,833 18,285,953 15,972,562 2,464 52,375,427
224,472,469 35,052,125 26,562,795 16,045,018 2,464 302,134,871

Other commitments and contingencies

Capital Commitments 568,383 - - - - 568,383
Operating lease commitments - as lessee - 268,226 779,249 2,332,504 560,768 3,940,747
Forward exchange contracts - 64,215,275 24,618,072 - - 88,833,347
568,383 64,483,501 25,397,321 2,332,504 560,768 93,342,477
Total gross commitments & contingencies 225,040,852 99,535,626 51,960,116 18,377,522 563,232 395,477,348
Impairment for expected credit losses
- credit related commitments and
contingencies (879,722) (137,372) (104,101) (62,882) (10) (1,184,087)
Commitments and contingencies net of
impairment for expected credit losses 224,161,130 99,398,254 51,856,015 18,314,640 563,222 394,293,261

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

344 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
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(b) Bank - as at 31st December 2017

On Demand Less than 3 3 to 12 1 to 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Credit related commitments and

contingencies
Direct credit facilities 161,377,222 - - - - 161,377,222
Indirect credit facilities 66,325,717 - - - - 66,325,717
Acceptances 49,494 12,206,404 6,896,475 30,544 - 19,182,917
Documentary credit 1,686,058 13,892,514 4,028,991 175,609 13,544 19,796,716
Guarantees 6,867,637 11,840,270 18,271,936 11,576,952 2,735,302 51,292,097
236,306,128 37,939,188 29,197,402 11,783,105 2,748,846 317,974,669

Other commitments and contingencies

Capital Commitments 708,532 - - - - 708,532
Operating lease commitments - as lessee - 239,035 692,682 2,112,296 570,059 3,614,072
Forward exchange contracts - 41,016,433 19,129,706 1,062,675 - 61,208,814
708,532 41,255,468 19,822,388 3,174,971 570,059 65,531,418
Total gross commitments & contingencies 237,014,660 79,194,656 49,019,790 14,958,076 3,318,905 383,506,087
Impairment for expected credit losses
- credit related commitments and
contingencies n/a n/a n/a n/a n/a n/a
Commitments and contingencies net of
impairment for expected credit losses 237,014,660 79,194,656 49,019,790 14,958,076 3,318,905 383,506,087

(c) Group - as at 31st December 2018

On Demand Less than 3 3 to 12 1 to 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Credit related commitments and

contingencies
Direct credit facilities 164,629,612 - - - - 164,629,612
Indirect credit facilities 46,523,763 - - - - 46,523,763
Acceptances 239,502 10,779,531 6,425,568 28,650 - 17,473,251
Documentary credit 1,648,704 14,042,761 1,851,274 43,806 - 17,586,545
Guarantees 7,884,615 10,232,033 18,285,953 15,972,562 2,464 52,377,627
220,926,196 35,054,325 26,562,795 16,045,018 2,464 298,590,798

Other commitments and contingencies

Capital Commitments 425,343 675 1,058,452 - - 1,484,470
Operating lease commitments - as lessee - 196,970 550,986 1,773,589 654,147 3,175,692
Forward exchange contracts - 64,215,275 24,618,072 - - 88,833,347
425,343 64,412,920 26,227,510 1,773,589 654,147 93,493,509
Total gross commitments & contingencies 221,351,539 99,467,245 52,790,305 17,818,607 656,611 392,084,307
Impairment for expected credit losses
- credit related commitments and
contingencies (879,722) (137,372) (104,101) (62,882) (10) (1,184,087)
Commitments and contingencies net of
impairment for expected credit losses 220,471,817 99,329,873 52,686,204 17,755,725 656,601 390,900,220

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

SAMPATH SIMPLIFIED 345

NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

(d) Group - as at 31st December 2017

On Demand Less than 3 3 to 12 1 to 5 Years Over 5 Years Total

Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Credit related commitments and

contingencies
Direct credit facilities 161,059,499 - - - - 161,059,499
Indirect credit facilities 66,325,717 - - - - 66,325,717
Acceptances 49,494 12,206,404 6,896,475 30,544 - 19,182,917
Documentary credit 1,686,058 13,892,514 4,028,991 175,609 13,544 19,796,716
Guarantees 6,867,637 11,840,270 18,272,536 11,576,952 2,735,302 51,292,697
235,988,405 37,939,188 29,198,002 11,783,105 2,748,846 317,657,546

Other commitments and contingencies

Capital Commitments 1,015,471 251,918 767,292 207,177 - 2,241,858
Operating lease commitments - as lessee - 182,761 522,166 1,570,196 679,749 2,954,872
Forward exchange contracts - 41,016,433 19,129,706 1,062,675 - 61,208,814
1,015,471 41,451,112 20,419,164 2,840,048 679,749 66,405,544
Total gross commitments & contingencies 237,003,876 79,390,300 49,617,166 14,623,153 3,428,595 384,063,090
Impairment for expected credit losses
- credit related commitments and
contingencies n/a n/a n/a n/a n/a n/a
Commitments and contingencies net of
impairment for expected credit losses 237,003,876 79,390,300 49,617,166 14,623,153 3,428,595 384,063,090

346 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

ƔƐĺƓ -uh;|!bvh
 0DUNHWULVNLVWKHULVNWKDWWKHIDLUYDOXHRUIXWXUHFDVKȵRZVRIȴQDQFLDOLQVWUXPHQWVZLOOȵXFWXDWHGXHWRFKDQJHVLQPDUNHWYDULDEOHV
VXFKDVLQWHUHVWUDWHVIRUHLJQH[FKDQJHUDWHVFRPPRGLW\SULFHVDQGHTXLW\SULFHV7KH%DQNFODVVLȴHVH[SRVXUHVWRPDUNHWULVNLQWR
either trading or non–trading portfolios and manages each of those portfolios separately.

ƔƐĺƓĺƐ m|;u;v|!-|;!bvh
 ΖQWHUHVWUDWHULVNDULVHVIURPWKHSRVVLELOLW\WKDWFKDQJHVLQLQWHUHVWUDWHVZLOOD΍HFWIXWXUHFDVKȵRZVRUWKHIDLUYDOXHVRIȴQDQFLDO
instruments. The Bank’s policy is to continuously monitor positions on a daily basis and hedging strategies are used to ensure
positions are maintained within prudential levels.

 7KHIROORZLQJWDEOHVGHPRQVWUDWHWKHVHQVLWLYLW\RIWKH%DQN
V6WDWHPHQWRI3URȴWRU/RVVIRUWKH\HDUHQGHGVW'HFHPEHUDQG
31st December 2017 to a reasonable possible change in interest rates, with all other variables held constant.

Rate Sensitive Assets (RSA) & Rate Sensitive Liabilities (RSL) as at 31st December

2018 2017
Rs 000 Rs 000

Rate Sensitive Assets (RSA)* 661,890,806 588,201,327

Rate Sensitive Liabilities (RSL)* 710,882,699 635,838,264
GAP (RSA - RSL) (48,991,893) (47,636,937)

 ΖPSDFWRQ6WDWHPHQWRI3URȴWRU/RVVGXHWRΖQWHUHVW5DWH6KRFNVDVDWVW'HFHPEHU

2018 2017
Rs 000 Rs 000

Interest Rate Shock

0.50% 95,239 184,032
1.00% 190,478 368,064
(0.50%) (95,239) (184,032)
(1.00%) (190,478) (368,064)

* The above computation is based on the rate sensitive assets and liabilities which are matured or repriced within one year.

Interest Rate Sensitivity Analysis

 7KHWDEOHVEHORZDQDO\VHWKH%DQNȇVLQWHUHVWUDWHULVNH[SRVXUHRQȴQDQFLDODVVHWVDQGOLDELOLWLHV7KH%DQNȇVDVVHWVDQGOLDELOLWLHVDUH
included at carrying amount and categorised by the earlier of contractual re–pricing or maturity dates.

SAMPATH SIMPLIFIED 347

 51 RISK MANAGEMENT CONTD.

348
(a) Bank - as at 31st December 2018

Up to 3 3 - 12 1-3 Years 3 - 5 Years Over 5 Years Non Interest Total

Months Months Bearing
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 124,373 - - - - 18,927,582 19,051,955
Balances with Central Bank of Sri Lanka - - - - - 36,557,776 36,557,776
NOTES TO THE

SAMPATH BANK PLC

Placements with banks 8,746,926 - - - - - 8,746,926
Reverse repurchase agreements 500,124 - - - - - 500,124
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 1,171,037 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHGDWIDLUYDOXH 27,647,228 - - - - 73,018 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 1,636,617 1,627 6,161 - - - 1,644,405
Loans to & receivables from other customers 406,426,860 82,303,360 60,123,919 39,954,149 59,365,762 195,183 648,369,233
FINANCIAL STATEMENTS

Debt and other instruments 54,714,550 54,744,970 5,676,811 5,969,061 - - 121,105,392

Annual Report 2018

Financial assets - fair value through other comprehensive income 12,731,631 12,312,540 - 3,683 - 2,469,451 27,517,305
Other assets - - - - - 5,434,982 5,434,982
Total Financial Assets 512,528,309 149,362,497 65,806,891 45,926,893 59,365,762 64,829,029 897,819,381

Financial Liabilities
Due to banks 6,199,539 431,981 - - - 2,269,943 8,901,463
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 2,952,319 2,952,319
Securities sold under repurchase agreements 13,470,633 261,572 - - - - 13,732,205
Due to other customers 365,788,158 267,529,387 9,157,558 10,698,825 2,468 37,202,156 690,378,552
Debt issued & other borrowed funds 32,092,375 25,109,054 14,729,589 16,197,596 1,806,237 13,555 89,948,406
Dividend payable - - - - - 97,462 97,462
Other liabilities - - - - - 8,390,901 8,390,901
Total Financial Liabilities 417,550,705 293,331,994 23,887,147 26,896,421 1,808,705 50,926,336 814,401,308

Interest Rate Sensitivity Gap 94,977,604 (143,969,497) 41,919,744 19,030,472 57,557,057 13,902,693 83,418,073

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.
 (b) Bank - as at 31st December 2017

Up to 3 3 - 12 1-3 Years 3 - 5 Years Over 5 Years Non Interest Total

Months Months Bearing
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 2,052,687 - - - - 20,281,628 22,334,315
Balances with Central Bank of Sri Lanka - - - - - 41,100,364 41,100,364
Placements with banks 3,159,326 - - - - - 3,159,326
Reverse repurchase agreements 1,200,762 - - - - - 1,200,762
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 496,918 496,918
Financial assets - held for trading 20,413,198 - - - - 89,309 20,502,507
Loans to & receivables from banks 2,074,895 125 8,336 1,151 - - 2,084,507
Loans to & receivables from other customers 379,839,192 60,019,742 52,443,967 32,307,028 36,000,544 188,467 560,798,940
Other loans & receivables 40,693,392 5,117,789 3,523,067 18,195 - - 49,352,443
Financial assets - available for sale 66,170,810 7,459,409 151,502 518,562 105,006 2,690,430 77,095,719
Financial assets - held to maturity - - - - - - -
Other assets - - - - - 4,123,185 4,123,185
Total Financial Assets 515,604,262 72,597,065 56,126,872 32,844,936 36,105,550 68,970,301 782,248,986

Financial Liabilities
Due to banks 2,083,540 1,662,264 - - - 997,944 4,743,748
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 103,947 103,947
Securities sold under repurchase agreements 4,042,682 343,653 - - - - 4,386,335
Due to other customers 350,327,888 232,695,968 3,607,073 2,812,940 4,084 36,366,360 625,814,313
Debt issued & other borrowed funds 15,295,116 29,387,153 15,688,863 12,857,199 2,869,909 - 76,098,240
Dividend payable - - - - - 99,259 99,259
Other liabilities - - - - - 8,262,267 8,262,267
Total Financial Liabilities 371,749,226 264,089,038 19,295,936 15,670,139 2,873,993 45,829,777 719,508,109

Interest Rate Sensitivity Gap 143,855,036 (191,491,973) 36,830,936 17,174,797 33,231,557 23,140,524 62,740,877
!"ş(!
FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
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349
$ "&""ş+""
 51 RISK MANAGEMENT CONTD.

350
(c) Group - as at 31st December 2018

Up to 3 3 - 12 1-3 Years 3 - 5 Years Over 5 Years Non Interest Total

Months Months Bearing
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 124,373 - - - - 19,093,881 19,218,254
Balances with Central Bank of Sri Lanka - - - - - 36,557,776 36,557,776
NOTES TO THE

SAMPATH BANK PLC

Placements with banks 8,746,926 - - - - - 8,746,926
Reverse repurchase agreements 2,258,852 - - - - - 2,258,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 1,171,037 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHGDWIDLUYDOXH 27,647,228 - - - - 73,018 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 1,636,617 1,627 6,161 - - - 1,644,405
Loans to & receivables from other customers 409,861,410 90,486,126 70,864,087 45,016,139 59,471,074 195,183 675,894,019
FINANCIAL STATEMENTS

Debt and other instruments 54,714,550 54,744,970 5,681,130 5,969,061 - - 121,109,711

Annual Report 2018

Financial assets - fair value through other comprehensive income 12,731,630 12,312,541 - 3,683 - 2,469,507 27,517,361
Other assets - - - - - 5,845,058 5,845,058
Total Financial Assets 517,721,586 157,545,264 76,551,378 50,988,883 59,471,074 65,405,460 927,683,645

Financial Liabilities
Due to banks 6,262,932 431,981 - - - 2,269,944 8,964,857
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 2,952,319 2,952,319
Securities sold under repurchase agreements 13,457,633 251,839 - - - - 13,709,472
Due to other customers 368,529,368 271,653,969 10,550,598 11,729,563 2,483 37,195,059 699,661,040
Debt issued & other borrowed funds 41,674,992 26,066,876 18,536,279 18,275,606 1,806,237 13,555 106,373,545
Dividend payable - - - - - 97,462 97,462
Other liabilities - - - - - 8,523,975 8,523,975
Total Financial Liabilities 429,924,925 298,404,665 29,086,877 30,005,169 1,808,720 51,052,314 840,282,670

Interest Rate Sensitivity Gap 87,796,661 (140,859,401) 47,464,501 20,983,714 57,662,354 14,353,146 87,400,975

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments), whereas prior
period amounts have not been restated.
 (d) Group - as at 31st December 2017

Up to 3 3 - 12 1-3 Years 3 - 5 Years Over 5 Years Non Interest Total

Months Months Bearing
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Financial Assets
Cash & cash equivalents 2,052,687 - - - - 20,560,252 22,612,939
Balances with Central Bank of Sri Lanka - - - - - 41,100,364 41,100,364
Placements with banks 3,225,025 - - - - - 3,225,025
Reverse repurchase agreements 1,809,634 583,218 - - - - 2,392,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 496,918 496,918
Financial assets - held for trading 20,413,198 - - - - 89,309 20,502,507
Loans to & receivables from banks 2,074,897 125 8,336 1,149 - - 2,084,507
Loans to & receivables from other customers 384,201,786 67,397,057 61,935,812 36,590,299 36,057,283 188,467 586,370,704
Other loans & receivables 40,693,391 5,117,790 3,523,067 18,195 - - 49,352,443
Financial assets - available for sale 66,170,810 7,459,409 151,502 518,562 105,006 2,690,486 77,095,775
Financial assets - held to maturity 2,400 5,725 - 4,303 - - 12,428
Other assets - - - - - 4,285,587 4,285,587
Total Financial Assets 520,643,828 80,563,324 65,618,717 37,132,508 36,162,289 69,411,383 809,532,049

Financial Liabilities
Due to banks 2,160,079 1,662,264 - - - 997,944 4,820,287
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV - - - - - 103,947 103,947
Securities sold under repurchase agreements 3,958,682 273,264 - - - - 4,231,946
Due to other customers 354,139,223 235,927,949 4,441,425 3,779,486 4,098 36,349,200 634,641,381
Debt issued & other borrowed funds 24,416,331 30,321,230 18,714,473 14,935,209 2,869,909 - 91,257,152
Dividend payable - - - - - 99,259 99,259
Other liabilities - - - - - 8,780,888 8,780,888
Total Financial Liabilities 384,674,315 268,184,707 23,155,898 18,714,695 2,874,007 46,331,238 743,934,860

Interest Rate Sensitivity Gap 135,969,513 (187,621,383) 42,462,819 18,417,813 33,288,282 23,080,145 65,597,189
!"ş(!
FINANCIAL INFORMATION

SAMPATH SIMPLIFIED
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351
$ "&""ş+""
NOTES TO THE
FINANCIAL STATEMENTS

51 RISK MANAGEMENT CONTD.

ƔƐĺƓĺƑ †uu;m1‹!bvh
 &XUUHQF\ULVNDULVHVDVDUHVXOWRIȵXFWXDWLRQVLQWKHYDOXHRIDȴQDQFLDOLQVWUXPHQWGXHWRFKDQJHVLQIRUHLJQH[FKDQJHUDWHV7KH
Bank’s Board has set limits on positions by currency. In accordance with the Bank’s policy, positions are monitored on a daily basis and
hedging strategies are used to ensure positions are maintained within established limits.

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6WDWHPHQWRI3URȴWRU/RVVGXHWRWKHIDLUYDOXHRIFXUUHQF\VHQVLWLYHQRQWUDGLQJPRQHWDU\DVVHWVDQGOLDELOLWLHVDQGHTXLW\GXHWR
FKDQJHLQIDLUYDOXHRIFXUUHQF\VZDSVDQGIRUZDUGH[FKDQJHFRQWUDFWVXVHGDVFDVKȵRZKHGJHV$QHJDWLYHDPRXQWLQWKHȊΖPSDFW
RQ6WDWHPHQWRI3URȴWRU/RVVȊFROXPQRIWKHWDEOHUHȵHFWVDSRWHQWLDOQHWUHGXFWLRQLQ6WDWHPHQWRI3URȴWRU/RVVRUHTXLW\ZKLOHD
SRVLWLYHDPRXQWUHȵHFWVDQHWSRWHQWLDOLQFUHDVH

Foreign Exchange Position as at 31st December 2018 2017

Net Overall Net Overall Net Overall Net Overall
Long Short Long Short
Rs 000 Rs 000 Rs 000 Rs 000

Currency
USD 1,493,221 - 471,139 -
GBP - 34,666 - 1,249
EUR - 75,657 39,917 -
JPY - 10,639 16,112 -
AUD 1,279 - 23,062 -
CAD 8,181 - 5,164 -
CHF 42,423 - 9,321 -
SGD 12,246 - 16,001 -
HKD 6,750 - 8,097 -
Sub Total 1,564,100 120,962 588,813 1,249
Other Currencies 55,273 - 77,668 -
Grand Total 1,619,373 120,962 666,481 1,249
Higher of Long or Short 1,619,373 666,481

2018 2017
ΖPSDFWRQ6WDWHPHQWRI3URȴWRU/RVVGXHWR([FKDQJH Net Open Impact on Net Open Impact on
Rate Shocks Position Statement of Position Statement of
(after Rate 3URȴWRU/RVV (after Rate 3URȴWRU/RVV
Shocks) for the period Shocks) for the period
ended ended
31st 31st
December December
Rs 000 Rs 000 Rs 000 Rs 000

5% 1,700,342 80,969 699,805 33,324

10% 1,781,311 161,938 733,129 66,648
-5% 1,538,405 (80,969) 633,157 (33,324)
-10% 1,457,436 (161,938) 599,833 (66,648)

352 SAMPATH BANK PLC Annual Report 2018

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FINANCIAL INFORMATION
"&$!+ !$

ƔƐĺƓĺƒ t†b|‹ub1;!bvh
Equity price risk is the risk that the fair value of equities decreases as a result of changes in the level of equity indices and individual
stocks. Investment Committee reviews and approves all equity investment decisions. Further the market value of the Bank's equity
portfolio as of 31st December 2018 is Rs 73,017,946/-. (2017: Rs 89,308,497/-).

ƔƐĺƔ r;u-ঞom-Ѵ!bvh
Operational risk is the risk of losses arising from failed internal processes, systems failure, human error, fraud or external events.
When controls fail to perform, operational risks can cause damage to reputation, have legal or regulatory implications, or lead to
ȴQDQFLDOORVV6WUDWHJLFDQG5HSXWDWLRQDO5LVNVDUHQRWFRYHUHGLQ2SHUDWLRQDO5LVN2SHUDWLRQDO5LVNVRIWKH%DQNDUHPLWLJDWHGDQG
managed through a Board approved Operational Risk Management Policy control framework which consists of monitoring and
UHVSRQGLQJWRSRWHQWLDOULVNVVXFKDVVHJUHJDWLRQRIGXWLHVDFFHVVDXWKRULVDWLRQDQGUHFRQFLOLDWLRQSURFHGXUHVVWD΍HGXFDWLRQDQG
DVVHVVPHQWSURFHVVHV%XVLQHVV&RQWLQXLW\3ODQQLQJHWF2SHUDWLRQDO5LVN0DQDJHPHQW8QLWUHSRUWVWR*URXS&KLHI5LVN2ɝFHUDQG
the Board Integrated Risk Management Committee which maintains a high level overall supervision of managing Operational Risks of
the Bank.

ƔƐĺѵ -rb|-Ѵ-m-];l;m|
The Bank's capital management objectives can be summarised as follows:
y 0DLQWDLQVXɝFLHQWFDSLWDOWRPHHWPLQLPXPUHJXODWRU\FDSLWDOUHTXLUHPHQWV

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VULVNDSSHWLWH

y Provide additional capital to business segments of the Bank to achieve the overall strategic objectives

y 3URYLGHDFXVKLRQRUEX΍HULQDEVRUELQJSRWHQWLDOORVVHVDULVLQJIURPYDULRXVULVNVDQGVDIHJXDUGLQJWKHGHSRVLWRUV
IXQGV

 !;]†Ѵ-|ou‹-rb|-Ѵ
The Bank manages its capital considering the regulatory capital requirements. The Central Bank of Sri Lanka (CBSL) sets and monitors
capital requirements for licensed commercial banks in Sri Lanka based on the Basel framework. Accordingly Domestic Systemically
ΖPSRUWDQW%DQNV'6Ζ%LQ6UL/DQNDQHHGWRPDLQWDLQPLQLPXP7LHUΖFDSLWDODGHTXDF\UDWLRLQFOXGLQJFDSLWDOEX΍HUVRIDQG
minimum total capital adequacy ratio of 12.875% as at 31st December 2018. The Bank has always maintained the Capital Adequacy
Ratio above the minimum regulatory requirements.

SAMPATH SIMPLIFIED 353

NOTES TO THE
FINANCIAL STATEMENTS

52 MATURITY ANALYSIS
(a) Maturity Gap Analysis as at 31st December 2018

Bank Group
Within 12 After 12 Total Within 12 After 12 Total
Months Months Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Assets
Cash & cash equivalents 19,051,955 - 19,051,955 19,218,254 - 19,218,254
Balances with Central Bank of Sri Lanka 33,768,543 2,789,233 36,557,776 33,768,543 2,789,233 36,557,776
Placements with banks 8,746,926 - 8,746,926 8,746,926 - 8,746,926
Reverse repurchase agreements 500,124 - 500,124 2,258,852 - 2,258,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,171,037 - 1,171,037 1,171,037 - 1,171,037
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴW
or loss - measured at fair value 27,720,246 - 27,720,246 27,720,246 - 27,720,246
Financial assets at amortised cost
Loans to & receivables from banks 871,266 773,139 1,644,405 871,265 773,140 1,644,405
Loans to & receivables from other
customers 358,163,494 290,205,739 648,369,233 369,936,545 305,957,474 675,894,019
Debt and other instruments 65,371,995 55,733,397 121,105,392 65,371,995 55,737,716 121,109,711
Financial assets - fair value through other
comprehensive income 25,044,171 2,473,134 27,517,305 25,044,171 2,473,190 27,517,361
Investment in subsidiaries - 2,320,429 2,320,429 - - -
Property, plant & equipment - 7,917,993 7,917,993 - 13,601,798 13,601,798
Intangible assets - 1,137,422 1,137,422 - 1,225,519 1,225,519
Current tax receivables - - - 23,360 - 23,360
Deferred tax assets - 989,343 989,343 - 989,416 989,416
Other assets 6,010,088 3,465,257 9,475,345 6,615,637 3,490,900 10,106,537
Total Assets 546,419,845 367,805,086 914,224,931 560,746,831 387,038,386 947,785,217

Liabilities
Due to banks 8,901,463 - 8,901,463 8,964,857 - 8,964,857
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 2,952,319 - 2,952,319 2,952,319 - 2,952,319
Securities sold under repurchase
agreements 13,732,205 - 13,732,205 13,709,472 - 13,709,472
Due to other customers 641,766,153 48,612,399 690,378,552 648,624,848 51,036,192 699,661,040
Debt issued & other borrowed funds 33,915,599 56,032,807 89,948,406 42,029,007 64,344,538 106,373,545
Dividend payable 97,462 - 97,462 97,462 - 97,462
Current tax liabilities 9,540,868 - 9,540,868 9,682,482 - 9,682,482
Deferred tax liabilities - - - - 1,536,772 1,536,772
Other liabilities 11,509,255 889,267 12,398,522 11,906,325 906,209 12,812,534
Other provisions - 1,885,824 1,885,824 - 1,944,080 1,944,080
Total Liabilities 722,415,324 107,420,297 829,835,621 737,966,772 119,767,791 857,734,563

Maturity Gap (175,995,479) 260,384,789 84,389,310 (177,219,941) 267,270,595 90,050,654

Cumulative Gap (175,995,479) 84,389,310 (177,219,941) 90,050,654

The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard -
SLFRS 9 (Financial Instruments), whereas prior period amounts have not been restated.

354 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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FINANCIAL INFORMATION
"&$!+ !$

(b) Maturity Gap Analysis as at 31st December 2017

Bank Group
Within 12 After 12 Total Within 12 After 12 Total
Months Months Months Months
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Assets
Cash & cash equivalents 22,334,315 - 22,334,315 22,612,939 - 22,612,939
Balances with Central Bank of Sri Lanka 38,734,375 2,365,989 41,100,364 38,734,375 2,365,989 41,100,364
Placements with banks 3,159,326 - 3,159,326 3,225,025 - 3,225,025
Reverse repurchase agreements 1,200,762 - 1,200,762 2,392,852 - 2,392,852
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 496,018 900 496,918 496,018 900 496,918
Financial assets - held for trading 20,502,507 - 20,502,507 20,502,507 - 20,502,507
Loans to & receivables from banks 654,592 1,429,915 2,084,507 654,592 1,429,915 2,084,507
Loans to & receivables from other
customers 325,309,271 235,489,669 560,798,940 337,277,073 249,093,631 586,370,704
Other loans & receivables 10,958,210 38,394,233 49,352,443 10,958,210 38,394,233 49,352,443
Financial assets - available for sale 73,630,219 3,465,500 77,095,719 73,630,219 3,465,556 77,095,775
Financial assets - held to maturity - - - 8,125 4,303 12,428
Investment in subsidiaries - 1,356,075 1,356,075 - - -
Property, plant & equipment - 7,269,942 7,269,942 - 12,631,442 12,631,442
Intangible assets - 946,845 946,845 - 996,703 996,703
Current tax receivables - - - 6,425 - 6,425
Deferred tax assets - - - - 401 401
Other assets 4,738,072 2,665,391 7,403,463 5,210,659 2,624,577 7,835,236
Total Assets 501,717,667 293,384,459 795,102,126 515,709,019 311,007,650 826,716,669

Liabilities
Due to banks 4,743,748 - 4,743,748 4,820,287 - 4,820,287
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 103,873 74 103,947 103,873 74 103,947
Securities sold under repurchase
agreements 4,386,335 - 4,386,335 4,231,946 - 4,231,946
Due to other customers 592,085,627 33,728,686 625,814,313 599,111,783 35,529,598 634,641,381
Debt issued & other borrowed funds 22,929,774 53,168,466 76,098,240 28,586,811 62,670,341 91,257,152
Dividend payable 99,259 - 99,259 99,259 - 99,259
Current tax liabilities 5,527,323 - 5,527,323 5,630,670 - 5,630,670
Deferred tax liabilities - 1,353,339 1,353,339 - 2,776,681 2,776,681
Other liabilities 10,681,306 1,060,841 11,742,147 11,870,502 742,027 12,612,529
Other provisions - 1,583,558 1,583,558 - 1,634,367 1,634,367
Total Liabilities 640,557,245 90,894,964 731,452,209 654,455,131 103,353,088 757,808,219

Maturity Gap (138,839,578) 202,489,495 63,649,917 (138,746,112) 207,654,562 68,908,450

Cumulative Gap (138,839,578) 63,649,917 (138,746,112) 68,908,450

SAMPATH SIMPLIFIED 355

NOTES TO THE
FINANCIAL STATEMENTS

53 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

Bank Group
Debentures Other Debentures Other
Borrowed Borrowed
Funds Funds
Rs 000 Rs 000 Rs 000 Rs 000

Balance as at 1st January 2017 27,009,027 45,119,210 30,624,287 53,554,945

1HWFDVKȵRZVIURPȴQDQFLQJDFWLYLWLHV 4,500,000 (318,808) 5,500,000 1,758,093
Non cash changes
Foreign exchange movements - (142,611) - (142,611)
Net accrual for interest expense 23,776 (92,354) 67,783 (105,345)
Balance as at 31st December 2017 31,532,803 44,565,437 36,192,070 55,065,082

Balance as at 1st January 2018 31,532,803 44,565,437 36,192,070 55,065,082

1HWFDVKȵRZVIURPȴQDQFLQJDFWLYLWLHV 2,500,000 4,427,774 2,500,000 5,666,873
Non cash changes
Foreign exchange movements - 6,110,723 - 6,110,723
Net accrual for interest expense 264,893 546,776 265,561 573,236
Balance as at 31st December 2018 34,297,696 55,650,710 38,957,631 67,415,914

356 SAMPATH BANK PLC Annual Report 2018

 6
SUPPLEMENTARY
INFORMATION

"|-|;l;m|o=uoC|ouovvbm&"Ū358
"|-|;l;m|o=olru;_;mvbˆ;m1ol;bm&"Ū359
"|-|;l;m|o= bm-m1b-Ѵovbঞombm&"Ū360
1omolb1(-Ѵ†;77bঞom361
$;m+;-uv-|-Ѵ-m1;362
†-u|;uѴ‹"|-ঞvঞ1v363
-rb|-Ѵ7;t†-1‹365
!om|;m|m7;Š375
m7;r;m7;m|vv†u-m1;!;rou||o|_;"_-u;_oѴ7;uvo="-lr-|_-mh381
Ѵovv-u‹o= bm-m1b-Ѵ-m7-mhbm]$;ulv382
oঞ1;o=mm†-Ѵ;m;u-Ѵ;;ঞm]386
"|-h;_oѴ7;u ;;70-1h oul387
ourou-|;m=oul-ঞom

PURPOSEFUL
PERFORMANCE
SIMPLIFIED

(bu|†-Ѵ-mhbm]$;1_moѴo]‹
"-lr-|_-mhѴ-†m1_;7"ub-mh-ĽvCuv|Ŋ;ˆ;u(bu|†-Ѵ$;ѴѴ;u-1_bm;ou($bmƑƏƐѶĺ
$_;($o@;uv-u-m];o=0-mhbm]v;uˆb1;vķbm1Ѵ†7bm]-11o†m|or;mbm]ķ1-v_7;rovb|vķ
‰b|_7u-‰-Ѵvķo0|-bmbm]r;uvom-Ѵbv;77;0b|1-u7v-m71_;t†;7;rovb|v-ˆ-bѴ-0Ѵ;
ƑƓņƕņƒѵƔĺ†v|ol;uv1-m-Ѵvo1omm;1|7bu;1|Ѵ‹|oo†u†v|ol;u-u;;m|u;=ouu;-ѴŊ
ঞl;bm=oul-ঞom-m7-vvbv|-m1;ĺ
SAMPATH SIMPLIFIED 357
STATEMENT OF
PROFIT OR LOSS IN US$
Bank Group
For the year ended 31st December 2018* 2017 2018* 2017
US$ 000 US$ 000 US$ 000 US$ 000

Gross income 630,455 603,192 666,395 634,791

Interest income 535,452 518,728 567,701 546,641

Less: Interest expense 327,395 333,950 344,234 349,265
Net interest income 208,057 184,778 223,467 197,376

Fee & commission income 63,454 61,922 65,162 63,694

Less: Fee & commission expense 9,224 8,791 9,243 8,830
Net fee & commission income 54,230 53,131 55,919 54,864

Net trading (loss) /gain (12,404) 2,215 (12,404) 2,215

1HWJDLQRQȴQDQFLDODVVHWV 878 945 879 946
Other operating income 43,075 19,382 45,057 21,295
Total operating income 293,836 260,451 312,918 276,696

Less: Impairment charge 61,360 15,477 66,368 17,157

Net operating income 232,476 244,974 246,550 259,539

Less: Operating expenses

Personnel expenses 48,313 52,352 52,895 56,690
Other operating expenses 57,247 57,866 60,959 60,701
Total operating expenses 105,560 110,218 113,854 117,391

2SHUDWLQJSURȴWEHIRUHWD[HVRQȴQDQFLDOVHUYLFHV 126,916 134,756 132,696 142,148

/HVV7D[HVRQȴQDQFLDOVHUYLFHV 26,589 26,573 28,151 28,074

3URȴWEHIRUHLQFRPHWD[ 100,327 108,183 104,545 114,074

Less: Income tax expense 33,938 29,328 35,623 31,451

3URȴWIRUWKH\HDU 66,389 78,855 68,922 82,623

Attributable to:
Equity holders of the Bank 66,389 78,855 68,922 82,623
Non-controlling interest - -
66,389 78,855 68,922 82,623

Earnings per share : Basic / Diluted (US$) 0.25 0.37 0.26 0.38

Dividend per share

Dividend per share: Gross (US$) 0.09** 0.11
Dividend per share: Net (US$) 0.08** 0.10

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

Exchange rate of US$ was Rs 182.90 as at 31st December 2018 (Rs 153.50 as at 31st December 2017)

** Calculated based on proposed dividend, which is to be approved at the Annual General Meeting.

358 SAMPATH BANK PLC Annual Report 2018

STATEMENT OF
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COMPREHENSIVE INCOME
 !$
SUPPLEMENTARY INFORMATION

IN US$
Bank Group
For the year ended 31st December 2018* 2017 2018* 2017
US$ 000 US$ 000 US$ 000 US$ 000

3URȴWIRUWKH\HDU 66,389 78,855 68,922 82,623

Other comprehensive income

ΖWHPVWKDWZLOOEHUHFODVVLȴHGWRSURȴWRUORVV
Financial assets - available for sale:
Gain arising on re-measurement n/a 6,630 n/a 6,630
([FKDQJHGL΍HUHQFHLQWUDQVODWLRQ n/a 70 n/a 70
n/a 6,700 n/a 6,700

Debt instruments at fair value through other comprehensive income:

Loss arising on re-measurement (600) n/a (600) n/a
5HFODVVLȴFDWLRQWRSURȴWRUORVV (37) n/a (37) n/a
'HIHUUHGWD[H΍HFWWRWKHDERYH 62 n/a 62 n/a
(575) n/a (575) n/a
1HWRWKHUFRPSUHKHQVLYHLQFRPHWKDWZLOOEHUHFODVVLȴHGWRSURȴWRUORVV (575) 6,700 (575) 6,700

ΖWHPVWKDWZLOOQRWEHUHFODVVLȴHGWRSURȴWRUORVV
Equity instruments at fair value through other comprehensive income:
Loss arising on re-measurement (4,011) n/a (4,011) n/a
([FKDQJHGL΍HUHQFHLQWUDQVODWLRQ 889 n/a 889 n/a
'HIHUUHGWD[H΍HFWWRWKHDERYH (2,530) n/a (2,530) n/a
(5,652) n/a (5,652) n/a

$FWXDULDOORVVRQGHȴQHGEHQHȴWSODQV (281) (4,135) (265) (4,210)

'HIHUUHGWD[H΍HFWWRWKHDERYH 79 1,158 74 1,178
(202) (2,977) (191) (3,032)

Surplus from revaluation of property, plant & equipment - 5,359 - 8,669

'HIHUUHGWD[H΍HFWRQUHYDOXDWLRQVXUSOXV - (5,330) - (12,320)
- 29 - (3,651)

1HWRWKHUFRPSUHKHQVLYHLQFRPHWKDWZLOOQRWWREHUHFODVVLȴHGWRSURȴWRUORVV (5,854) (2,948) (5,843) (6,683)

Other comprehensive income net of tax (6,429) 3,752 (6,418) 17

Total comprehensive income for the year net of tax 59,960 82,607 62,504 82,640

Attributable to:
Equity holders of the Bank 59,960 82,607 62,504 82,640
Non-controlling interest - -
59,960 82,607 62,504 82,640

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

Exchange rate of US$ was Rs 182.90 as at 31st December 2018 (Rs 153.50 as at 31st December 2017)

SAMPATH SIMPLIFIED 359

STATEMENT OF FINANCIAL
POSITION IN US$
Bank Group
As at 31st December 2018* 2017 2018* 2017
US$ 000 US$ 000 US$ 000 US$ 000

ASSETS
Cash & cash equivalents 104,166 145,500 105,075 147,316
Balances with Central Bank of Sri Lanka 199,878 267,755 199,878 267,755
Placements with banks 47,824 20,582 47,824 21,010
Reverse repurchase agreements 2,734 7,823 12,350 15,589
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 6,403 3,237 6,403 3,237
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRUORVVPHDVXUHGDWIDLUYDOXH 151,560 133,567 151,560 133,567
Financial assets at amortised cost
Loans to & receivables from banks 8,991 13,580 8,991 13,580
Loans to & receivables from other customers 3,544,938 3,653,413 3,695,429 3,820,005
Debt and other instruments 662,140 321,514 662,164 321,514
Financial assets - fair value through other comprehensive income 150,450 n/a 150,450 n/a
Financial assets - available for sale n/a 502,252 n/a 502,252
Financial assets - held to maturity n/a - n/a 81
Investment in subsidiaries 12,687 8,834 - -
Property, plant & equipment 43,291 47,361 74,367 82,290
Intangible assets 6,219 6,168 6,700 6,493
Current tax receivables - - 128 42
Deferred tax assets 5,409 - 5,410 3
Other assets 51,806 48,231 55,257 51,044
Total Assets 4,998,496 5,179,817 5,181,986 5,385,778

LIABILITIES
Due to banks 48,668 30,904 49,015 31,403
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 16,142 677 16,142 677
Securities sold under repurchase agreements 75,080 28,575 74,956 27,570
Due to other customers 3,774,623 4,076,966 3,825,375 4,134,472
Debt issued & other borrowed funds 491,790 495,754 581,594 594,509
Dividend payable 533 647 533 647
Current tax liabilities 52,164 36,009 52,939 36,682
Deferred tax liabilities - 8,816 8,402 18,089
Other liabilities 67,789 76,495 70,052 82,167
Other provisions 10,311 10,316 10,629 10,647
Total Liabilities 4,537,100 4,765,159 4,689,637 4,936,863

EQUITY
Stated capital 179,311 106,239 179,311 106,239
Reserves
Statutory reserve 18,972 18,632 19,732 19,368
Other reserves 232,257 250,227 246,932 267,713
Retained earnings 30,856 39,560 46,374 55,595
Total equity attributable to equity holders of the Bank 461,396 414,658 492,349 448,915
Non-controlling interest - -
Total Equity 461,396 414,658 492,349 448,915

Total Liabilities & Equity 4,998,496 5,179,817 5,181,986 5,385,778

Commitments & contingencies 2,155,786 2,498,411 2,137,235 2,502,040

Net asset value per share (US$) 1.64 1.91 1.75 2.07

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9
(Financial Instruments), whereas prior period amounts have not been restated.

Exchange rate of US$ was Rs 182.90 as at 31st December 2018 (Rs 153.50 as at 31st December 2017)

360 SAMPATH BANK PLC Annual Report 2018

ECONOMIC VALUE
INTRODUCTORY INFORMATION
MANAGING OUR BUSINESS
MANAGEMENT DISCUSSION & ANALYSIS
RISK & GOVERNANCE

ADDITION
FINANCIAL INFORMATION
SUPPLEMENTARY INFORMATION

ECONOMIC VALUE ADDITION - BANK

The economic value created by the Bank to its shareholders during the year is reflected in the below analysis.

For the year ended 31st December 2018 2017

Rs Mn Rs Mn

Average shareholders' funds 74,020 54,069

Impairment Provision 22,050 8,643
96,070 62,712

Profit attributable to shareholders 12,143 12,104

Impairment charge 11,223 2,376
Amounts written off - loans & other losses (279) (1,116)
23,087 13,364

Economic cost (12 months average Treasury Bill rate plus 2% risk premium) 11.8% 12.1%
Economic cost 11,313 7,565
Economic value addition 11,774 5,799

DIRECT ECONOMIC VALUE GENERATED & DISTRIBUTED - BANK

Information on the creation and distribution of economic value provides a basic indication of how the Bank has created wealth for
stakeholders.
For the year ended 31st December 2018 2017
Rs Mn Rs Mn

Direct Economic Value Generated

Interest income 97,934 79,625
Foreign exchange income 5,491 3,132
Commission income 11,606 9,505
Investment income 321 266
Other income 121 98
115,473 92,626

Economic Value Distributed

To Depositors and Lenders
Interest expense 55,749 48,356
55,749 48,356

Operating Costs
Depreciation & amortisation 1,100 893
Fee & commission expense 1,687 1,349
Other operating expense 9,227 7,822
12,014 10,064

To Employees
Salaries 5,953 5,092
Other benefits 2,883 2,944
8,836 8,036

Payments to Government
Income tax expense 8,160 4,662
Taxes on financial services 4,863 4,079
Crop insurance levy 113 125
13,136 8,866

To Community
Social responsibility projects 27 40
Donations 4 2
31 42

Payments to Providers of Capital

Interest to debenture holders 4,131 2,905
Dividend to shareholders 4,565 4,598
8,696 7,503

Economic Value Distributed 98,462 82,867

Economic Value Retained (after payment of dividend to shareholders) 17,011 9,759
115,473 92,626

SAMPATH SIMPLIFIED 361

TEN YEARS AT A
GLANCE
SLAS SLFRS
For the year ended 31st December 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018*

Operating results (Rs Mn)

Gross income 25,213 24,333 27,577 38,796 47,509 44,597 47,032 67,585 92,590 115,310
Interest income 20,970 18,477 21,111 31,882 41,892 38,059 37,944 56,529 79,625 97,934
Interest expenses 13,165 9,953 12,168 20,269 26,556 22,335 20,542 33,776 51,261 59,880
Net interest income 7,805 8,525 8,943 11,613 15,336 15,724 17,402 22,754 28,363 38,054
Exchange income 774 498 837 2,154 520 1,283 2,466 2,589 3,132 5,491
Other income 3,469 5,357 4,792 4,105 4,901 4,387 5,421 7,002 8,484 10,198
Total operating income 12,048 14,380 14,572 17,872 20,757 21,394 25,288 32,344 39,979 53,743
Operating expenses 5,484 6,320 8,059 9,248 10,634 11,729 13,339 15,471 16,918 19,307
Impairment charge 1,203 1,944 618 65 4,736 1,401 944 1,460 2,376 11,223
Profit before income tax 3,976 4,502 4,994 7,401 4,491 6,727 9,101 12,600 16,606 18,350
Income tax expense 1,878 1,199 1,606 2,170 1,061 1,813 2,967 3,475 4,502 6,207
Profit after tax 2,098 3,303 3,388 5,231 3,430 4,914 6,134 9,125 12,104 12,143

SLAS SLFRS
As at 31st December 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018*

Assets (Rs Mn)

Cash & cash equivalents including placements 5,868 6,048 16,073 19,220 10,094 13,348 18,781 25,814 25,494 27,799
Loans & advances 98,685 - - - - - - - - -
Loans to & receivables from banks - - 442 816 638 935 1,651 2,642 2,085 1,644
Loans to & receivables from other customers - 124,067 169,681 208,184 259,402 301,435 375,697 456,189 560,799 648,369
Investment in associates & subsidiaries 992 992 1,055 1,060 1,060 1,060 1,080 1,228 1,356 2,320
Property, plant & equipment 3,420 4,278 4,528 4,560 5,135 5,142 5,313 5,972 7,270 7,918
Other assets 47,197 55,929 55,879 75,570 105,713 110,106 122,755 166,667 198,098 226,175
Total assets 156,162 191,314 247,658 309,410 382,042 432,026 525,277 658,512 795,102 914,225

Liabilities (Rs Mn)

Due to banks & other customers (deposits only) 126,091 153,310 195,900 243,575 302,429 341,946 409,411 516,273 630,442 698,085
Refinance borrowings 4,819 - - - - - - - - -
Other liabilities evidenced by paper 3,102 - - - - - - - - -
Borrowings from banks & debt issued and
other borrowed funds - 8,702 20,225 29,206 39,194 36,846 57,347 72,446 76,215 91,143
Other liabilities 10,304 8,311 10,189 10,985 12,000 22,322 23,394 25,304 24,795 40,608
Total liabilities 144,316 170,323 226,314 283,766 353,623 401,114 490,152 614,023 731,452 829,836

Shareholders' Fund (Rs Mn)

Stated capital 1,582 1,786 2,744 3,564 4,460 4,470 5,381 6,471 16,308 32,796
Reserves 10,265 19,204 18,600 22,080 23,958 26,442 29,744 38,018 47,342 51,593

Investor Information
Dividend paid / proposed (Rs Mn) 473.6 1,235.8 1,427.0 1,954.1 1,342.6 1,847.0 2,240.0 3,362.1 4,598.4 4,564.7
Dividend cover (times) 4.4 2.7 2.4 2.6 2.6 2.6 2.7 2.7 2.6 2.7
Net asset value per share (Rs) 77.52 131.18 129.00 152.96 169.37 179.39 198.47 238.94 293.02 300.42
Market price per share (Rs) - High 205.00 550.00 307.00 216.00 242.00 252.00 279.90 268.70 352.20 335.50
Market price per share (Rs) - Low 65.00 201.00 191.00 148.50 161.60 164.20 235.20 210.00 253.50 218.00
Market price as at 31st December (Rs) 204.25 271.90 195.00 200.50 171.90 236.30 248.00 260.40 315.70 235.00

Other Information
Exchange rate (USD) 114.47 110.95 113.90 127.65 130.75 131.20 144.20 150.00 153.50 182.90
Number of staff as at 31st December 2,388 2,688 3,230 3,455 3,688 4,000 3,993 3,960 4,011 4,189
Number of branches as at 31st December 131 171 206 209 212 220 225 229 229 229

Ratios
Growth in income (%) 13.4 (3.5) 13.3 40.7 22.5 (6.1) 5.5 43.7 37.0 24.5
Cost to income ratio with VAT, NBT & DRL on
financial services (%) 57.0 55.8 61.5 58.2 55.5 62.0 60.3 56.5 52.5 45.0
Cost to income ratio without VAT, NBT & DRL on
financial services (%) 45.5 44.0 55.3 51.7 51.2 54.8 52.7 47.8 42.3 35.9
Growth in deposits (%) 17.5 19.4 27.8 24.3 24.2 13.1 19.7 26.1 22.1 10.7
Growth in advances (%) 3.2 30.3 37.1 22.9 24.4 16.3 24.8 21.6 22.7 15.5
Dividend per share (Rs) 6.25 8.09 9.00 12.00 8.00 11.00 13.00 18.75 17.20 16.25
Return on average assets (before tax) (%) 2.70 2.64 2.60 2.66 1.29 1.69 1.90 2.14 2.29 2.13
Return on average assets (after tax) (%) 1.42 1.94 1.55 1.88 0.98 1.23 1.28 1.55 1.67 1.41
Return on average equity (after tax) (%) 19.41 24.59 16.17 22.26 12.88 16.35 18.42 23.47 23.35 16.02
Property, plant & equipment to shareholders' fund (%) 28.9 20.4 21.2 17.8 18.1 16.6 15.1 13.4 11.4 9.4
Total assets to shareholders' fund (Times) 13.2 9.1 11.6 12.1 13.4 14.0 15.0 14.8 12.5 10.8

Liquid assets ratio

- Domestic Banking Unit (%) 30.2 25.9 22.8 21.5 27.2 24.4 21.8 21.2 22.2 21.5
- Off-Shore Banking Unit (%) 29.6 36.8 58.4 23.7 30.4 23.8 27.2 33.4 24.9 25.8
(As specified in Banking Act No. 30 of 1988 &
any subsequent amendments thereto)

Capital adequacy ratios Basel II Basel II Basel III Basel III

- Common equity Tier I (%) n/a n/a n/a n/a n/a n/a n/a n/a 10.26 12.08
- Total Tier I (%) 10.40 10.71 10.24 11.80 10.08 8.83 7.90 8.31 10.26 12.08
- Total capital (Tier I + Tier II) (%) 13.45 12.91 11.45 13.61 14.22 13.62 12.26 12.87 14.41 15.73

* The amounts for the year ended 31st December 2018 have been prepared in accordance with Sri Lanka Accounting Standard - SLFRS 9 (Financial Instruments),
whereas prior period amounts have not been restated.

362 SAMPATH BANK PLC Annual Report 2018

 As at 2018 2017
*31st 30th 30th 31st 31st 30th 30th 31st
December September June March December September June March
Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn

Statement of Financial Position

Total assets 914,225 890,407 865,610 846,457 795,102 752,771 725,280 692,120
Loans to & receivables from banks 1,644 2,087 1,920 2,173 2,085 2,247 2,437 2,672
Loans to & receivables from other customers 648,369 629,362 615,863 602,286 560,799 536,169 512,370 485,914
Due to other customers 690,379 671,352 670,468 643,731 625,814 605,842 571,398 537,526
Total equity 84,389 84,177 81,335 65,381 63,650 53,450 50,482 47,131
STATISTICS
QUARTERLY

2018 2017
For the quarter ended *31st 30th 30th 31st 31st 30th 30th 31st
December September June March December September June March
Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn Rs Mn

6WDWHPHQWRI3URȴWRU/RVV
Net interest income 10,901 9,499 9,355 8,299 7,912 7,303 6,811 6,337
Net fee & commission income 2,638 2,568 2,412 2,302 2,285 2,078 1,854 1,939
Net trading (loss) / gain (833) (1,236) (30) (169) 49 251 46 (6)
1HWJDLQRQȴQDQFLDODVVHWV 14 14 9 123 1 8 136 -
Other operating income 2,643 2,838 1,122 1,274 636 539 1,024 776
Total operating income 15,363 13,683 12,868 11,829 10,883 10,179 9,871 9,046
Less : Impairment charge 4,629 3,753 1,743 1,098 261 760 655 700
Net operating income 10,734 9,930 11,125 10,731 10,622 9,419 9,216 8,346
Less: Total operating expenses 5,233 4,602 4,799 4,673 4,705 4,346 3,917 3,950
7D[HVRQȴQDQFHVHUYLFHV 1,394 1,055 1,230 1,184 1,148 1,020 1,006 905
Income tax expenses 1,578 1,503 1,563 1,564 1,127 1,296 928 1,151
3URȴWIRUWKHSHULRG 2,529 2,770 3,533 3,310 3,642 2,757 3,365 2,340
Other comprehensive income for the period (200) 73 (112) (936) (1,045) 211 (14) 1,424
Total comprehensive income for the period 2,329 2,843 3,421 2,374 2,597 2,968 3,351 3,764

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 2018 2017

364
For the quarter ended 31st 30th 30th 31st 31st 30th 30th 31st
December September June March December September June March

Market price per share (Rs)

Highest 247.00 304.90 320.00 335.50 352.20 311.00 300.00 285.00
Lowest 218.00 236.30 294.00 289.00 305.00 266.20 253.50 256.00
Closing 235.00 239.90 303.10 300.00 315.70 308.50 286.40 259.00

SAMPATH BANK PLC

2018 2017
As at *31st 30th 30th 31st 31st 30th 30th 31st
December September June March December September June March

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Interest margin ( % ) 4.41 4.27 4.26 4.10 3.91 3.87 3.83 3.81
QUARTERLY STATISTICS

Return on assets (before tax) ( % ) 2.13 2.24 2.41 2.41 2.29 2.24 2.27 2.10
Return on equity (after tax) ( % ) 16.02 17.46 19.68 20.81 23.35 23.14 24.29 20.72

Annual Report 2018

Basel III
Common Equity Tier 1 Capital Ratio ( % ) 12.08 11.88 12.25 9.48 10.26 8.46 n/a n/a
Tier 1 Capital Ratio ( % ) 12.08 11.88 12.25 9.48 10.26 8.46 n/a n/a
Total Capital Ratio ( % ) 15.73 15.92 16.70 14.42 14.41 11.85 n/a n/a

Basel II
Core Capital Adequacy Ratio ( % ) n/a n/a n/a n/a n/a n/a 8.21 7.68
Total Capital Adequacy Ratio ( % ) n/a n/a n/a n/a n/a n/a 12.17 11.93

Assets Quality
Gross NPA ratio ( % ) 3.69 4.25 2.96 1.95 1.64 1.74 1.77 1.73
Net NPA ratio ( % ) 2.39 3.12 1.97 1.02 0.75 0.84 0.88 0.73

Regulatory Liquidity
Domestic Banking Unit (%) 21.50 21.17 21.64 21.18 22.22 21.15 21.30 21.43
2΍6KRUH%DQNLQJ8QLW 25.78 24.28 29.39 28.76 24.90 24.51 40.27 28.36
Liquidity Coverage Ratio (%) - Rupee
(Minimum Requirement - 2018 -90%, 2017 - 80%) 125.03 122.20 157.98 127.65 133.52 122.23 127.42 124.04
Liquidity Coverage Ratio (%) - All Currency
(Minimum Requirement - 2018 - 90%, 2017 - 80%) 125.42 100.08 119.45 100.01 118.81 104.01 110.31 94.18

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ubvhv-m7;mv†u;-7;t†-|;1-rb|-Ѵbv 0;|‰;;mCm-m1b-Ѵv|-|;l;m|v-m7u;]†Ѵ-|ou‹
-ˆ-bѴ-0Ѵ;|ov†rrou|-ѴѴubvhvĺ ;Šrov†u;vĺ

BASEL III DISCLOSURE REQUIREMENTS

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Bank Group
Item 2018 2017 2018 2017

Regulatory Capital (Rs 000)

Common Equity Tier I Capital 79,238,528 57,623,760 84,151,213 60,632,711
Total Tier I Capital 79,238,528 57,623,760 84,151,213 60,632,711
Total Capital 103,161,168 80,909,517 108,866,759 85,126,976

Regulatory Capital Ratios (%)

Common Equity Tier I Capital Ratio
(minimum requirement - 2018 : 7.375%, 2017 : 6.25%) 12.08 10.26 12.13 10.21
Tier I Capital Ratio
(minimum requirement - 2018 : 8.875%, 2017 : 7.75%) 12.08 10.26 12.13 10.21
Total Capital Ratio
(minimum requirement - 2018 : 12.875%, 2017 : 11.75%) 15.73 14.41 15.69 14.33

Regulatory Liquidity
Statutory Liquid Assets (Rs 000) - Bank 173,516,297 157,291,328 n/a n/a
Statutory Liquid Assets Ratio (minimum requirement - 20%)
Domestic Banking Unit (%) 21.50 22.22 n/a n/a
2΍6KRUH%DQNLQJ8QLW 25.78 24.90 n/a n/a
Total Stock of High - Quality Liquid Assets (Rs 000) 111,973,104 106,340,392 n/a n/a
Liquidity Coverage Ratio (%) – Rupee
(minimum requirement - 2018 : 90%, 2017 : 80%) 125.03 133.52 n/a n/a
Liquidity Coverage Ratio (%) – All currency
(minimum requirement - 2018 : 90%, 2017 : 80%) 125.42 118.81 n/a n/a

366 SAMPATH BANK PLC Annual Report 2018

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SUPPLEMENTARY INFORMATION

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Bank Group
Item 2018 2017 2018 2017
Rs 000 Rs 000 Rs 000 Rs 000

Common Equity Tier I (CET I) Capital after adjustments 79,238,528 57,623,760 84,151,213 60,632,711
Common Equity Tier I (CET I) Capital 82,227,786 58,677,652 85,647,361 61,647,651
Stated capital 32,795,952 16,307,722 32,795,952 16,307,722
Statutory reserves 3,470,000 2,860,000 3,609,000 2,973,000
Published retained earnings/(Accumulated retained losses) 6,922,653 5,756,827 10,203,227 8,613,825
Published accumulated other comprehensive income (OCI) 129,280 52,078 129,280 52,078
General and other disclosed reserves 38,909,901 33,701,025 38,909,902 33,701,026
8QSXEOLVKHGFXUUHQW\HDU
VSURȴWORVVDQGJDLQVUHȵHFWHGLQ2&Ζ - - - -
2UGLQDU\VKDUHVLVVXHGE\FRQVROLGDWHGEDQNLQJDQGȴQDQFLDOVXEVLGLDULHVRI
the Bank and held by third parties - - - -
Total adjustments to CET I Capital 2,989,258 1,053,892 1,496,148 1,014,940
Goodwill (net) - - - -
Intangible assets (net) 1,137,422 946,845 1,225,519 996,703
Deferred tax assets (net) 989,343 - - -
2WKHUVΖQYHVWPHQWVLQWKHFDSLWDORIEDQNLQJ ȴQDQFLDOLQVWLWXWLRQV 862,493 107,047 270,629 18,237
Additional Tier I (AT I) Capital after adjustments - - - -
Additional Tier I (AT I) Capital - - - -
Qualifying Additional Tier I Capital instruments - - - -
ΖQVWUXPHQWVLVVXHGE\FRQVROLGDWHGEDQNLQJDQGȴQDQFLDOVXEVLGLDULHVRIWKH
Bank and held by third parties - - - -
Total adjustments to AT I Capital - - - -
Investment in own shares - - - -
Others (specify) - - - -
Tier II Capital after adjustments 23,922,640 23,285,757 24,715,546 24,494,264
Tier II Capital 23,922,640 23,285,757 24,715,546 24,494,264
Qualifying Tier II capital instruments 20,574,135 20,320,767 21,367,041 21,529,274
Revaluation gains 453,703 453,703 453,703 453,703
Loan loss provisions 2,894,802 2,511,287 2,894,802 2,511,287
ΖQVWUXPHQWVLVVXHGE\FRQVROLGDWHGEDQNLQJDQGȴQDQFLDOVXEVLGLDULHVRIWKH
Bank and held by third parties - - - -
Total adjustments to Tier II - - - -
Investment in own shares - - - -
Others (specify) - - - -
CET I Capital 79,238,528 57,623,760 84,151,213 60,632,711
Total Tier I Capital 79,238,528 57,623,760 84,151,213 60,632,711
Total Capital 103,161,168 80,909,517 108,866,759 85,126,976

Total Risk Weighted Assets (RWA) 655,869,274 561,583,770 693,801,164 594,068,734

RWAs for Credit Risk (refer table No. 3) 622,589,204 533,061,406 656,982,044 562,707,814
RWAs for Operational Risk (refer table No. 5) 28,669,934 24,969,975 32,208,984 27,808,531
RWAs for Market Risk (refer table No. 6) 4,610,136 3,552,389 4,610,136 3,552,389
&(7Ζ&DSLWDO5DWLRLQFOXGLQJ&DSLWDO&RQVHUYDWLRQ%X΍HU
&RXQWHUF\FOLFDO&DSLWDO%X΍HU 6XUFKDUJHRQ'6Ζ%V 12.08 10.26 12.13 10.21
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of which: Capital Surcharge on D-SIBs (%) 1.00 0.50 1.00 0.50
Total Tier I Capital Ratio (%) 12.08 10.26 12.13 10.21
7RWDO&DSLWDO5DWLRLQFOXGLQJ&DSLWDO&RQVHUYDWLRQ%X΍HU
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of which: Capital Surcharge on D-SIBs (%) 1.00 0.50 1.00 0.50

SAMPATH SIMPLIFIED 367

CAPITAL ADEQUACY

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Exposures before Credit Exposures post CCF and RWA and RWA density
Conversion Factor (CCF) and CRM
CRM
Asset Class On-balance 2΍EDODQFH On-balance 2΍EDODQFH RWA RWA density
sheet amount sheet amount sheet amount sheet amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 (%)

Claims on central government and CBSL 167,376,981 - 167,376,981 - 10,970,132 7

Claims on public sector entities 492,300 1,716,404 492,300 1,340,508 1,832,808 100
Claims on banks exposures 14,918,664 2,200,000 14,918,664 2,200,000 6,865,288 40
&ODLPVRQȴQDQFLDOLQVWLWXWLRQV 43,118,097 1,113,883 43,118,097 1,112,941 24,350,525 55
Claims on corporates 334,188,191 360,845,484 334,188,191 48,463,925 376,760,336 98
Retail claims 173,282,348 7,200,388 173,282,348 3,992,738 128,841,800 73
Claims secured by residential property 43,729,306 - 43,729,306 - 36,011,626 82
Non-performing assets (NPAs) 18,839,046 - 18,839,046 - 26,002,665 138
Higher-risk categories 801,010 - 801,010 - 2,002,526 250
Cash items and other assets 68,394,399 - 24,120,546 - 8,951,498 37
865,140,342 373,076,159 820,866,489 57,110,112 622,589,204 71

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Exposures before Credit Exposures post CCF and RWA and RWA density
Conversion Factor (CCF) and CRM
CRM
Asset Class On-balance 2΍EDODQFH On-balance 2΍EDODQFH RWA RWA density
sheet amount sheet amount sheet amount sheet amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 (%)

Claims on central government and CBSL 169,140,028 - 169,140,028 - 10,970,132 6

Claims on public sector entities 492,300 1,716,404 492,300 1,340,508 1,832,808 100
Claims on banks exposures 14,927,767 2,200,000 14,927,767 2,200,000 6,868,614 40
&ODLPVRQȴQDQFLDOLQVWLWXWLRQV 37,892,289 1,113,883 37,892,289 1,112,941 21,757,891 56
Claims on corporates 365,166,834 360,845,484 365,166,834 48,463,925 407,738,978 99
Retail claims 173,282,348 7,200,388 173,282,348 3,992,738 128,841,800 73
Claims secured by residential property 43,729,306 - 43,729,306 - 36,011,626 82
Non-performing assets (NPAs) 19,709,223 - 19,709,223 - 27,307,931 139
Higher-risk categories - - - - - -
Cash items and other assets 75,255,032 - 30,981,179 - 15,652,264 51
899,595,127 373,076,159 855,321,274 57,110,112 656,982,044 72

368 SAMPATH BANK PLC Annual Report 2018

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RISK WEIGHTS

Risk Weight 0% 20% 50% 60% 75% 100% 150% >150% Total credit
exposures
Asset Classes amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Claims on central government and CBSL 112,526,322 54,850,659 - - - - - - 167,376,981

Claims on public sector entities - - - - - 1,832,808 - - 1,832,808
Claims on banks exposures - 7,600,387 8,346,134 - - 1,172,143 - - 17,118,664
&ODLPVRQȴQDQFLDOLQVWLWXWLRQV - 3,527,074 34,117,707 - - 6,586,257 - - 44,231,038
Claims on corporates - 4,627,123 5,196,296 - - 372,012,566 816,131 - 382,652,116
Retail claims 22,382,067 2,551,449 - 11,087,153 78,300,797 62,953,620 - - 177,275,086
Claims secured by residential property - - 15,435,359 - - 28,293,947 - - 43,729,306
Non-performing assets (NPAs) - - 21,440 - - 4,468,928 14,348,678 - 18,839,046
Higher-risk categories - - - - - - - 801,010 801,010
Cash items and other assets 15,011,247 197,250 - - - 8,912,049 - - 24,120,546
149,919,636 73,353,942 63,116,936 11,087,153 78,300,797 486,232,318 15,164,809 801,010 877,976,601

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RISK WEIGHTS

Risk Weight 0% 20% 50% 60% 75% 100% 150% >150% Total credit
exposures
Asset Classes amount
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Claims on central government and CBSL 114,289,369 54,850,659 - - - - - - 169,140,028

Claims on public sector entities - - - - - 1,832,808 - - 1,832,808
Claims on banks exposures - 7,605,924 8,348,830 - - 1,173,013 - - 17,127,767
&ODLPVRQȴQDQFLDOLQVWLWXWLRQV - 3,527,074 28,851,359 - - 6,626,797 - - 39,005,230
Claims on corporates - 4,627,123 5,196,296 - - 402,991,209 816,131 - 413,630,759
Retail claims 22,382,067 2,551,449 - 11,087,153 78,300,797 62,953,620 - - 177,275,086
Claims secured by residential property - - 15,435,359 - - 28,293,947 - - 43,729,306
Non-performing assets (NPAs) - - 21,440 - - 4,468,928 15,218,855 - 19,709,223
Higher-risk categories - - - - - - - - -
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Cash items and other assets 15,171,114 197,250 - - - 15,612,815 - - 30,981,179

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SAMPATH SIMPLIFIED
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151,842,550 73,359,479 57,853,284 11,087,153 78,300,797 523,953,137 16,034,986 - 912,431,386

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SUPPLEMENTARY INFORMATION

369
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370
Bank Group
Capital Fixed factor Gross income/Average loans & advances Capital Fixed factor Gross income/Average loans & advances
Business lines charge factor 1st Year 2nd Year 3rd Year charge factor 1st Year 2nd Year 3rd Year
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

The Alternative Standardised Approach

&RUSRUDWHȴQDQFH 18% 1,536,935 2,145,909 3,089,486 18% 1,536,935 2,145,909 3,089,486
Trading and sales 18% 3,501,194 4,194,261 5,350,739 18% 5,113,376 6,687,222 8,839,807
Payment and settlement 18% 1,680 2,793 4,603 18% 1,680 2,793 4,603

SAMPATH BANK PLC

Agency services 15% 5,404 6,117 4,293 15% 5,404 6,117 4,293
Asset management 12% - - - 12% - - -
Retail brokerage 12% - - - 12% - - -
CAPITAL ADEQUACY

Retail banking 12% 3.50% 191,485,574 233,051,857 280,851,368 12% 3.50% 191,485,574 233,051,857 280,851,368
Commercial banking 15% 3.50% 157,389,080 202,489,014 251,660,060 15% 3.50% 157,389,080 202,489,014 251,660,060

Capital charge for Operational Risk (Rs 000) 3,691,254 4,146,907

Risk Weighted Amount for Operational Risk (Rs 000) 28,669,934 32,208,984

Annual Report 2018

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Item Bank Group

Rs 000 Rs 000

(a) Capital Charge for Interest Rate Risk 356,528 356,528

General interest rate risk 356,528 356,528
Net long or short position 356,528 356,528
  6SHFLȴFLQWHUHVWUDWHULVN - -
(b) Capital Charge for Equity 16,048 16,048
General equity risk 9,401 9,401
  6SHFLȴFHTXLW\ULVN 6,647 6,647
(c) Capital Charge for foreign exchange & gold 220,979 220,979
(d) Capital charge for Market Risk (a) + (b) + (c) 593,555 593,555
RWA for Market Risk (d) * 100/12.875 4,610,136 4,610,136
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SUMMARY DISCUSSION |oƐƏѷ-m7ƐƓѷu;vr;1ঞˆ;Ѵ‹ķ‰b|_0-mhv uo-1ঞˆ;;@ou|v|o1olrѴ‹‰b|_|_;

ON ADEQUACY/MEETING u;t†bu;7|o1olrѴ‹‰b|_|_;v;u;t†bu;l;m|v -v;Ѵu;]†Ѵ-ঞomvv-‰|_;-mhbm1u;-v;v
CURRENT AND FUTURE CAPITAL oˆ;u-r;ubo7o=ƐѶlom|_vķ|ol;;||_;ƏƐv| b|v1-rb|-ѴѴ;ˆ;Ѵv0‹bvv†bm]-v;Ѵ1olrѴb-m|
REQUIREMENTS -m†-u‹ƑƏƐƖbm|;um-ঞom-Ѵঞl;Ѵbm;=ou|_; bmv|u†l;m|vĺv-u;v†Ѵ|o=|_;v;;@ou|v|_;
blrѴ;l;m|-ঞomo=-v;Ѵĺ -mhv†11;vv=†ѴѴ‹Ĺ
OVERVIEW
-ˆbm]†m7;uv|oo7|_-|ruor;uľ-rb|-Ѵ CAPITAL MANAGEMENT PROCESS y vv†;7-v;Ѵ1olrѴb-m|7;0;m|†u;
l-m-];l;m|Ŀbvˆb|-Ѵbm;mv†ubm]|_; -lo†mঞm]|o!vƕĺƔm‰b|_|_;
mou7;u|o1olrѴ‹‰b|_|_;m;‰
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7;t†-1‹!-ঞov-|_;-Ѵ|_‹Ѵ;ˆ;Ѵv0‹h;;rbm]
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MOVING FORWARD
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1-rb|-Ѵ0†@;uvķm;‰l-m7-|ou‹7bv1Ѵov†u;
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u;t†bu;l;m|v-m7u;ˆbv;77;Cmbঞomv=ou
o=|_;ľo-u7-rb|-ѴѴ-mmbm]ollb‚;;Ŀ
1-rb|-Ѵbmv|u†l;m|vĺ&m7;u|_;"-v;Ѵ
‰_b1_1omvbv|vo=|_;lov|v;mbou-m7
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SAMPATH SIMPLIFIED 371

CAPITAL ADEQUACY

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2018 2017
Item Total Total Total Total
Un-weighted Weighted Un-weighted Weighted
Value Value Value Value
Rs 000 Rs 000 Rs 000 Rs 000

Total Stock of High-Quality Liquid Assets (HQLA) 112,552,036 111,973,104 106,931,037 106,340,392
Total adjusted level 1 assets 112,326,851 112,326,851 105,049,760 105,274,160
Level 1 assets 111,035,561 111,035,561 105,049,760 105,049,760
Total adjusted level 2A assets 512,300 435,455 999,980 849,983
Level 2A assets 512,300 435,455 999,980 849,983
Total adjusted level 2B assets 1,004,175 502,088 881,297 440,649
Level 2B assets 1,004,175 502,088 881,297 440,649

7RWDO&DVK2XWȵRZV 906,411,402 183,185,755 761,156,509 167,634,094

Deposits 539,526,007 53,952,601 490,594,003 49,059,400
Unsecured wholesale funding 145,750,594 82,902,899 126,745,095 66,570,104
Secured funding transactions 13,412,901 - 3,444,004 -
Undrawn portion of committed (irrevocable) facilities and other
contingent funding obligations 168,140,031 6,748,386 103,269,608 14,900,791
Additional requirements 39,581,869 39,581,869 37,103,799 37,103,799

7RWDO&DVKΖQȵRZV 101,578,762 93,905,610 87,574,177 78,131,751

Maturing secured lending transactions
backed by collateral 36,698,629 35,944,875 34,950,526 33,420,261
Committed facilities - - - -
2WKHULQȵRZVE\FRXQWHUSDUW\ZKLFKDUH
maturing within 30 days 21,572,430 18,449,004 10,014,364 7,427,794
Operational deposits 3,795,972 - 5,325,591 -
2WKHUFDVKLQȵRZV 39,511,731 39,511,731 37,283,696 37,283,696

7RWDO1HW&DVK2XWȵRZV 804,832,640 89,280,145 673,582,332 89,502,343

Liquidity Coverage Ratio (%) (Stock of High Quality Liquid Assets/
7RWDO1HW&DVK2XWȵRZVRYHUWKHQH[WFDOHQGDUGD\V  125.42 118.81

372 SAMPATH BANK PLC Annual Report 2018

 $҃ѶĹ $&!" !&$!+$"$!&$"

Capital instruments issued by the Bank Capital instruments

issued by the Subsidiary

Description of the capital instrument 2014-2019 2015-2020 2016-2021 2017-2022 2018-2023 2014-2019
Listed Rated Unsecured Listed Rated Unsecured Listed Rated Unsecured Basel III Tier II Basel III Tier II Listed Rated Unsecured
Subordinated Subordinated Subordinated compliant Listed Rated compliant Listed Rated Subordinated
Redeemable Debentures Redeemable Debentures Redeemable Debentures Unsecured Subordinated Unsecured Subordinated Redeemable Debentures
Redeemable Debentures Redeemable Debentures

Issuer Sampath Bank PLC Sampath Bank PLC Sampath Bank PLC Sampath Bank PLC Sampath Bank PLC Siyapatha Finance PLC
8QLTXHLGHQWLȴHU D0308-LK0090D22713 D0365-LK0090D23281 D0389-LK0090D23521 D0426-LK0090D23893 D0427-LK0090D23901 D0319- LK0432D22816
D0309-LK0090D22739 D0366-LK0090D23299 D0390-LK0090D23539
Governing law(s) of the instrument Companies Act No. 07 of 2007 / CSE listing rules / Banking Act No. 30 of 1988 / Securities Exchange Commission Act
Original date of issuance 15th December 2014 18th November 2015 10th June 2016 21st December 2017 20th March 2018 24th December 2014
Par value of instrument Rs 100/- per Debenture Rs 100/- per Debenture Rs 100/- per Debenture Rs 100/- per Debenture Rs 100/- per Debenture Rs 100/- per Debenture
Perpetual or dated Dated Dated Dated Dated Dated Dated
Original maturity date, if applicable 14th December 2019 18th November 2020 10th June 2021 21st December 2022 20th March 2023 24th December 2019
Amount recognised in regulatory capital 1,400,000 2,800,000 3,000,000 4,800,000 6,375,000 200,000
(in Rs 000 as at the reporting date)
$FFRXQWLQJFODVVLȴFDWLRQ(TXLW\/LDELOLW\ Liability Liability Liability Liability Liability Liability
Issuer call subject to prior supervisory
approval
Optional call date, contingent call dates and n/a n/a n/a n/a n/a n/a
redemption amount (Rs 000)
Subsequent call dates, if applicable n/a n/a n/a n/a n/a n/a
Coupon/Dividend
)L[HGRUȵRDWLQJGLYLGHQGFRXSRQ D0308-Fixed rate D0365-Fixed rate D0389-Fixed rate D0426-Fixed rate D0427-Fixed Rate 00319-Fixed rate
D0309-Fixed rate D0366-Floating rate D0390-Floating rate
Coupon rate and any related index D0308-8.25% p.a. D0365-9.90% p.a. D0389-12.75%p.a. D0426-12.50% p.a. D0427-12.50% p.a. 00319-8.90% p.a.
D0309-8.10% p.a. D0366-6 months net D0390-6 months gross
T Bill rate + 1.25% T Bill rate + 1.0%
Non-cumulative or cumulative Cumulative Cumulative Cumulative Cumulative Cumulative Cumulative
Convertible or Non-convertible Non-Convertible Non-Convertible Non-Convertible Convertible Convertible Non-Convertible
If convertible, conversion trigger (s) n/a n/a n/a * * n/a
If convertible, fully or partially n/a n/a n/a * * n/a
If convertible, mandatory or optional n/a n/a n/a * * n/a
If convertible, conversion rate n/a n/a n/a ** ** n/a

* In the event of an occurrence of a Trigger Event as determined at the sole discretion of the Monetary Board of the Central Bank of Sri Lanka, there would be a conversion of Debentures to ordinary voting
shares by the Company without any requirement of approval by the Debenture Holders, in compliance with BASEL III requirements. Upon the occurrence of a Trigger Event, the outstanding balance of the
Debentures including the total par value of the Debentures and Debenture Interest accrued and unpaid as at that date will be permanently converted to ordinary voting shares at the Conversion Price.
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SAMPATH SIMPLIFIED
&!&"""

 7KHSULFHZLOOEHEDVHGRQWKHVLPSOHDYHUDJHRIWKHGDLO\9ROXPH:HLJKWHG$YHUDJH3ULFH9:$3RIDQRUGLQDU\YRWLQJVKDUHDVSXEOLVKHGE\WKH&RORPER6WRFN([FKDQJHGXULQJWKHWKUHHPRQWKV

period, immediately preceding the date of the Trigger Event.
$! &$!+ !$

SUPPLEMENTARY INFORMATION

373
$ "&""ş+""
CAPITAL ADEQUACY

$҃ƖĹ  !"$)&$ !&$!+""   "$$$

$!")$!&$!+!"$!""$ƒƐ"$ !ƑƏƐѶ҄

Item Carrying values Carrying values Subject to Subject to Not subject

as reported under scope credit risk market risk to capital
in published of regulatory framework framework requirements
ȴQDQFLDO reporting or subject to
statements deduction from
capital
Rs 000 Rs 000 Rs 000 Rs 000 Rs 000

Assets 914,224,931 916,944,598 865,071,500 52,767,985 94,456

Cash and cash equivalents 19,051,955 18,945,125 18,945,125 - -
Balances with Central Bank of Sri Lanka 36,557,776 36,557,776 36,557,776 - -
Placements with banks 8,746,926 8,871,489 8,871,489 - -
Reverse repurchase agreements 500,124 500,000 500,000 - -
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 1,171,037 - - - -
)LQDQFLDODVVHWVUHFRJQLVHGWKURXJKSURȴWRU
loss - measured at fair value 27,720,246 27,833,477 - 27,833,477 -
Loans to & receivables from banks 1,644,405 - - - -
Loans to & receivables from other customers 648,369,233 661,169,386 664,064,188 - (2,894,802)
Debt and other instruments 121,105,392 120,201,567 120,201,567 - -
Financial assets - fair value through other
comprehensive income 27,517,305 25,995,896 747,551 24,934,508 313,837
Investment in subsidiaries 2,320,429 1,929,702 1,381,046 - 548,656
Property, plant & equipment 7,917,993 7,917,993 7,917,993 - -
Intangible assets 1,137,422 1,137,422 - - 1,137,422
Deferred tax assets 989,343 - - - 989,343
Other assets 9,475,345 5,884,765 5,884,765 - -

Liabilities 829,835,621 827,774,187 - - -

Due to banks 8,901,463 - - - -
'HULYDWLYHȴQDQFLDOLQVWUXPHQWV 2,952,319 - - - -
Securities sold under repurchase agreements 13,732,205 13,714,001 - - -
Due to other customers 690,378,552 681,919,260 - - -
Debt issued & other borrowed funds 53,335,830 52,766,245 - - -
Dividend payable 97,462 97,462 - - -
Current tax liabilities 9,540,868 10,939,352 - - -
Deferred tax liabilities - 1,156,172 - - -
Other provisions 1,885,824 - - - -
Other liabilities 12,398,522 31,366,815 - - -
Subordinated term debts 36,612,576 35,814,880 - - -

7RWDOJURVVR΍EDODQFHVKHHWOLDELOLWLHV 395,477,348 395,477,348 395,477,348 - -

Guarantees 52,375,427 52,375,427 52,375,427 - -
Documentary credit 17,586,545 17,586,545 17,586,545 - -
Acceptance 17,473,251 17,473,251 17,473,251 - -
Other contingent items 88,833,347 88,833,347 88,833,347 - -
Commitment for unutilised facilities 214,699,648 214,699,648 214,699,648 - -
Other commitments 4,509,130 4,509,130 4,509,130 - -

Shareholders' equity 84,389,310 89,170,411 - - -

Stated capital 32,795,952 32,795,952 - - -
of which Amount Eligible for CET I 32,795,952 32,795,952 - - -
of which amount eligible for AT I - - - - -
Retained earnings 5,643,642 16,664,937 - - -
Accumulated other comprehensive income 1,160,765 - - - -
Other reserves 44,788,951 39,709,522 - - -

374 SAMPATH BANK PLC Annual Report 2018

GRI CONTENT
$! &$!+ !$
&!&"""
$ "&""ş+""
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INDEX
 !$
SUPPLEMENTARY INFORMATION

GLOBAL REPORTING INITIATIVE (GRI) CONTENT INDEX – ‘IN ACCORDANCE COMPREHENSIVE’

!ƐƏƑĹ;m;u-Ѵ bv1Ѵov†u;v
GRI Standard Disclosures Page number(s) and/or Remarks
&!Ővő
Ɛĺu]-mbv-ঞom-ѴuoCѴ;
ƐƏƑŊƐ -l;o=|_;ou]-mbv-ঞom mm;u-1hoˆ;u
ƐƏƑŊƑ 1ঞˆbঞ;vķ0u-m7vķruo7†1|v-m7v;uˆb1;v ƐƒŊƐƔ
ƐƏƑŊƒ o1-ঞomo=_;-7t†-u|;uv mm;u-1hoˆ;u
ƐƏƑŊƓ o1-ঞomo=or;u-ঞomv ƐƏƐ
ƐƏƑŊƔ ‰m;uv_br-m7Ѵ;]-Ѵ=oul mm;u-1hoˆ;u
ƐƏƑŊѵ -uh;|vv;uˆ;7 ƔѶ
ƐƏƑŊƕ "1-Ѵ;o=|_;ou]-mbv-ঞom ѵķѶ
ƐƏƑŊѶ m=oul-ঞomomo|_;u;lrѴo‹;;v-m7o|_;u‰ouh;uv ƕƒ
ƐƏƑŊƖ "†rrѴ‹1_-bm uo1†u;l;m|u-1ঞ1;vŊŐѴ;-v;
†v;|_; !1o7;bmmm;u uom|
oˆ;uő
ƐƏƑŊƐƏ "b]mbC1-m|1_-m];v|o|_;ou]-mbv-ঞom-m7b|vv†rrѴ‹ 31-33 $_;u;-u;movb]mbC1-m|1_-m];v|o
1_-bm |_;v†rrѴ‹1_-bm7†ubm]|_;u;rouঞm]
r;ubo7ĺ
ƐƏƑŊƐƐ u;1-†ঞom-u‹rubm1brѴ;ou-rruo-1_ mˆbuoml;m|-Ѵ-m-];l;m|ņ
†v|ol;uomˆ;mb;m1;Ŋ
ŐѴ;-v;†v;|_; !1o7;bm
mm;u uom|oˆ;uő
ƐƏƑŊƐƑ Š|;um-Ѵbmbঞ-ঞˆ;v 3
ƐƏƑŊƐƒ ;l0;uv_bro=-vvo1b-ঞomv ƓѶ
Ƒĺ"|u-|;]‹
ƐƏƑŊƐƓ "|-|;l;m|=uolv;mbou7;1bvbomŊl-h;u ƒƓŊƒƕ
ƐƏƑŊƐƔ ;‹blr-1|vķubvhv-m7orrou|†mbঞ;v ƐƐѵŊƐƑƐ
ƒĺ|_b1v-m7m|;]ub|‹
ƐƏƑŊƐѵ (-Ѵ†;vķrubm1brѴ;vķv|-m7-u7v-m7moulvo=0;_-ˆbo†u ƐƑķƓƒķƐƔѵ
ƐƏƑŊƐƕ ;1_-mbvlv=ou-7ˆb1;-m71om1;umv-0o†|;|_b1v Ɠƒ
Ɠĺoˆ;um-m1;
ƐƏƑŊƐѶ oˆ;um-m1;v|u†1|†u; ƓƐķƐƑƓ
ƐƏƑŊƐƖ ;Ѵ;]-ঞm]-†|_oub|‹ ƓƐķƐƑƓ
ƐƏƑŊƑƏ Š;1†ঞˆ;ŊѴ;ˆ;Ѵu;vromvb0bѴb|‹=ou;1omolb1vķ ƓƐķƐƑƓ
;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ|orb1v
ƐƏƑŊƑƐ omv†Ѵঞm]v|-h;_oѴ7;uvom;1omolb1ķ;mˆbuoml;m|-Ѵ ƓƐķƐƒƐķƐƓѵķƐƔƕ
-m7vo1b-Ѵ|orb1v
ƐƏƑŊƑƑ olrovbঞomo=|_;_b]_;v|]oˆ;um-m1;0o7‹-m7b|v ƐѶŊƑƐķƐƑƕķƐƒƔ
1ollb‚;;v
ƐƏƑŊƑƒ _-buo=|_;_b]_;v|]oˆ;um-m1;0o7‹ ƐѶķƒƏŊƒƒķƐƒƓ
ƐƏƑŊƑƓ olbm-ঞm]-m7v;Ѵ;1ঞm]|_;_b]_;v|]oˆ;um-m1;0o7‹ ƐƑƕķƐƒѶķƐƒƖ
ƐƏƑŊƑƔ omYb1|vo=bm|;u;v| ƐƓƖķƐƔƐķƐѵƏķƐƕƐŊƐƕƑķƐƕƓ
ƐƏƑŊƑѵ !oѴ;o=_b]_;v|]oˆ;um-m1;0o7‹bmv;মm]r†urov;ķ ƓƐķƓƒķƐƔƑ
ˆ-Ѵ†;v-m7v|u-|;]‹
ƐƏƑŊƑƕ ;-v†u;v|-h;m|o7;ˆ;Ѵor-m7;m_-m1;|_;1oѴѴ;1ঞˆ; ƐƒƒķƐƔƔ -mh|-h;vl;-v†u;v|o7;ˆ;Ѵor-m7
hmo‰Ѵ;7];o=|_;_b]_;v|]oˆ;umbm]0o7‹om ;m_-m1;1oѴѴ;1ঞˆ;hmo‰Ѵ;7];o=b|v
;1omolb1ķ;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ|orb1v _b]_;v|]oˆ;umbm]0o7‹-v‰;ѴѴ-v
ƐƏƑŊƑѶ uo1;vv;v-m7-1ঞomv|-h;mbmu;vromv;|o;ˆ-Ѵ†-ঞom ƐƓƏķƐƔƔ ;ˆ-Ѵ†-ঞm]b|voˆ;u-ѴѴr;u=oul-m1;-m7
o=|_;r;u=oul-m1;o=|_;_b]_;v|]oˆ;um-m1;0o7‹Ľv ‰;‰bѴѴ|-h;-mo|;o=|_;u;t†bu;l;m|
bmu;vr;1||o]oˆ;um-m1;o=r;u=oul-m1;;1omolb1ķ om;1omolb1ķ;mˆbuoml;m|-Ѵ
;mˆbuoml;m|-Ѵ-m7vo1b-Ѵ|orb1v -m7vo1b-Ѵ|orb1v=ou|_;=†|†u;
o-u7;ˆ-Ѵ†-ঞomv-m7hmo‰Ѵ;7];
;m_-m1;l;m|ĺ
ƐƏƑŊƑƖ 7;mঞ=‹bm]-m7l-m-]bm];1omolb1ķ;mˆbuoml;m|-Ѵķ ƓƐķƐƒƐķƐƔƔ
-m7vo1b-Ѵblr-1|v
ƐƏƑŊƒƏ @;1ঞˆ;m;vvo=ubvhl-m-];l;m|ruo1;vv;v ƐƐѵŊƐƑƐķƐѶƑŊƐѶƒ

SAMPATH SIMPLIFIED 375

GRI CONTENT INDEX

GRI Standard Disclosures Page number(s) and/or Remarks

&!Ővő
ƐƏƑŊƒƐ !;ˆb;‰o=;1omolb1ķ;mˆbuoml;m|-Ѵķ-m7vo1b-Ѵ|orb1v ƐƔƔ -1_-m7;ˆ;u‹l;;ঞm]r;u|-bmbm]
|oo-u7o= bu;1|ouv-m7o-u7"†0
ollb‚;;v-u;ˆ;u‹l†1_1om1;um;7
oˆ;u|_;;1omolb1ķvo1b-Ѵ-m7
;mˆbuoml;m|-Ѵblr-1|v|o|_;0†vbm;vv
7;1bvbomv|-h;mbmv†1_u;vr;1ঞˆ;
1ollb‚;;vĺ
ƐƏƑŊƒƑ b]_;v|]oˆ;um-m1;0o7‹ĽvuoѴ;bmv†v|-bm-0bѴb|‹ ƓķƐƒƐ
u;rouঞm]
ƐƏƑŊƒƒ oll†mb1-ঞm]1ubঞ1-Ѵ1om1;umv ƐƓѵķƐƔƕķƐѵѶ
ƐƏƑŊƒƓ -|†u;-m7|o|-Ѵm†l0;uo=1ubঞ1-Ѵ1om1;umv m;)_bv|Ѵ;Ѵo‰bm]u;1;bˆ;7|o
0;bmt†bu;7bmƑƏƐѶ-m7b|‰-v-
lbŠ|†u;o=_†l-mu;vo†u1;v-m7
v|-h;_oѴ7;uu;Ѵ-ঞomvu;Ѵ-|;7l-‚;uĺ
|‰-v1_-mm;ѴѴ;7|_uo†]_-‰ub‚;m
7o1†l;m|-m7‹;||o0;-77u;vv;7
-rruorub-|;Ѵ‹ĺ
ƐƏƑŊƒƔ !;l†m;u-ঞomroѴb1b;v ƐƓƐŊƐƓƓķƐƕƒŊƐƕƓ
ƐƏƑŊƒѵ uo1;vv=ou7;|;ulbmbm]u;l†m;u-ঞom ƐƓƐŊƐƓƓ
ƐƏƑŊƒƕ "|-h;_oѴ7;uvĽbmˆoѴˆ;l;m|bmu;l†m;u-ঞom *
ƐƏƑŊƒѶ mm†-Ѵ|o|-Ѵ1olr;mv-ঞomu-ঞoo=_b]_;v|r-b7 *
bm7bˆb7†-Ѵ
ƐƏƑŊƒƖ ;u1;m|-];bm1u;-v;bm-mm†-Ѵ|o|-Ѵ1olr;mv-ঞomu-ঞo *
o=_b]_;v|r-b7bm7bˆb7†-Ѵ
Ɣĺ"|-h;_oѴ7;u;m]-];l;m|
ƐƏƑŊƓƏ bv|o=v|-h;_oѴ7;u]uo†rv ƓƔŊƓѶ
ƐƏƑŊƓƐ oѴѴ;1ঞˆ;0-u]-bmbm]-]u;;l;m|v $_;u;bvmo1oѴѴ;1ঞˆ;0-u]-bmbm]
-]u;;l;m|;Šbv|v0;|‰;;m|_;-mh
ş"ĺo‰;ˆ;uķ|_;u;Ѵ-ঞomv_br
0;|‰;;m|‰or-uঞ;vu;l-bm;Š1;ѴѴ;m|ĺ
ƐƏƑŊƓƑ 7;mঞ=‹bm]-m7v;Ѵ;1ঞm]v|-h;_oѴ7;uv ƓƔŊƓѶ
ƐƏƑŊƓƒ rruo-1_|ov|-h;_oѴ7;u;m]-];l;m| ƓƔŊƓѶ
ƐƏƑŊƓƓ ;‹|orb1v-m71om1;umvu-bv;7 ƓƔŊƓѶ
ѵĺ!;rouঞm]ru-1ঞ1;
ƐƏƑŊƓƔ mঞঞ;vbm1Ѵ†7;7bm|_;1omvoѴb7-|;7Cm-m1b-Ѵ ƐƏƓ
v|-|;l;m|v
ƐƏƑŊƓѵ ;Cmbm]u;rou|1om|;m|-m7|orb10o†m7-ub;v ƒķƓ
ƐƏƑŊƓƕ bv|o=l-|;ub-Ѵ|orb1v ƓŊƔ
ƐƏƑŊƓѶ !;v|-|;l;m|vo=bm=oul-ঞom $_;u;-u;mou;v|-|;l;m|vbm
v†v|-bm-0bѴb|‹u;rouঞm]1ub|;ub-ĺ
ƐƏƑŊƓƖ _-m];vbmu;rouঞm] Ɠ m-77bঞom|o|_;l-|;ub-Ѵ|orb1v
b7;mঞC;7|_uo†]_v|-h;_oѴ7;uv†uˆ;‹
;Š;1†|;7bmƑƏƐƕķ1‹0;uv;1†ub|‹‰-v
b7;mঞC;7-v-m;‰l-|;ub-Ѵ|orb1o=
|_;-mhbmƑƏƐѶĺ
ƐƏƑŊƔƏ !;rouঞm]r;ubo7 3
ƐƏƑŊƔƐ -|;o=lov|u;1;m|u;rou| 3
ƐƏƑŊƔƑ !;rouঞm]1‹1Ѵ; 3
ƐƏƑŊƔƒ om|-1|robm|=out†;vঞomvu;]-u7bm]|_;u;rou| 3
ƐƏƑŊƔƓ Ѵ-blvo=u;rouঞm]bm-11ou7-m1;‰b|_|_;! 3
"|-m7-u7v
ƐƏƑŊƔƔ !1om|;m|bm7;Š ƒƕƔŊƒѶƏ
ƐƏƑŊƔѵ Š|;um-Ѵ-vv†u-m1; ƒķƒѶƐ
Ŗm=oul-ঞom1-mmo|0;7bv1Ѵov;77†;|o1omC7;mঞ-Ѵb|‹u;-vomv

376 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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SUPPLEMENTARY INFORMATION

!"r;1b=b1 bv1Ѵov†u;v
!"r;1bC1 bv1Ѵov†u;v -];m†l0;uŐvő-m7ņou&!Ővő Remarks
1omolb1$orb1v
!ƑƏƐĹ1omolb1;u=oul-m1;
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ uoC|-0bѴb|‹-m7 bm-m1b-Ѵ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v "|-0bѴb|‹ŊŐѴ;-v;†v;|_; !
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ 1o7;bmmm;u uom|oˆ;uő
Ɠ
ƑƏƐŊƐ bu;1|1omolb1(-Ѵ†;];m;u-|;7-m77bv|ub0†|;7 ƒѵƐ
ƑƏƐŊƑ bm-m1b-ѴblrѴb1-ঞomv-m7o|_;uubvhv-m7orrou|†mbঞ;v ;bm]bm|_;0†vbm;vvo=-mhbm]ķ
7†;|o1Ѵbl-|;1_-m]; 1Ѵbl-|;1_-m];7o;vmo|_-ˆ;-
vb]mbC1-m|blr-1|omo†u0†vbm;vvĺ
11ou7bm]Ѵ‹7†ubm]|_;u;rouঞm]
r;ubo7ķmou;1ou7v‰;u;l-bm|-bm;7|o
1-|-Ѵo]†;|_;;@;1|o=1Ѵbl-|;1_-m];
omo†u0†vbm;vvĺ
ƑƏƐŊƒ ;Cm;70;m;C|rѴ-mo0Ѵb]-ঞomv-m7o|_;uu;ঞu;l;m| ƑƐѵķƑƓƔŊƑƓѵ
plans
ƑƏƐŊƓ bm-m1b-Ѵ-vvbv|-m1;u;1;bˆ;7=uol]oˆ;uml;m| v‰;-u;-rubˆ-|;v;1|ouou]-mbv-ঞomķ
|_;u;bvmo7bu;1|oubm7bu;1|Cm-m1b-Ѵ
-vvbv|-m1;Ő]u-m|vőu;1;bˆ;7=uol|_;
]oˆ;uml;m|ĺ
!ƑƏƑĹ-uh;|u;v;m1;
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ uoC|-0bѴb|‹-m7 bm-m1b-Ѵ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v "|-0bѴb|‹ŊŐѴ;-v;†v;|_; !
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ 1o7;bmmm;u uom|oˆ;uő
Ɠ
ƑƏƑŊƐ !-ঞovo=v|-m7-u7;m|u‹Ѵ;ˆ;Ѵ‰-];0‹];m7;u1olr-u;7 $_;u;bvmo;m|u‹Ѵ;ˆ;Ѵ‰-];u-|;
|oѴo1-Ѵlbmbl†l‰-]; blrov;7om0-mhbm]v;1|ouĺo‰;ˆ;uķ
"-lr-|_-mhĽv;m|u‹Ѵ;ˆ;Ѵ‰-];bv
_b]_;u|_-m|_;m-ঞom-Ѵlbmbl†l
‰-];u-|;ĺ
ƑƏƑŊƑ uorouঞomo=v;mboul-m-];l;m|_bu;7=uol|_;Ѵo1-Ѵ uoC|-0bѴb|‹-m7 bm-m1b-Ѵ ѴѴv;mboul-m-];uvo=|_;-mh-u;
1oll†mb|‹ "|-0bѴb|‹ŊŐѴ;-v;†v;|_; ! Ѵo1-Ѵ_bu;vŐ"ub-mh-mvőĺ
1o7;bmmm;u uom|oˆ;uő
!ƑƏƒĹm7bu;1|1omolb1lr-1|v
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ uoC|-0bѴb|‹-m7 bm-m1b-Ѵ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v "|-0bѴb|‹ŊŐѴ;-v;†v;|_; !
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ 1o7;bmmm;u uom|oˆ;uő
Ɠ
ƑƏƒŊƐ m=u-v|u†1|†u;bmˆ;v|l;m|v-m7v;uˆb1;vv†rrou|;7 ƕƖŊѶƑ
ƑƏƒŊƑ "b]mbC1-m|bm7bu;1|;1omolb1blr-1|v ƕѶŊѶƑ
!ƑƏƔĹmঞŊouu†rঞom
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ mঞŊouu†rঞomu-1ঞ1;vŊ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɠ
ƑƏƔŊƐ r;u-ঞomv-vv;vv;7=ouubvhvu;Ѵ-|;7|o1ouu†rঞom †v|ol;u;-Ѵ|_-m7"-=;|‹Ŋ
ŐѴ;-v;†v;|_; !1o7;bm
mm;u uom|oˆ;uőķƐƐƖ
ƑƏƔŊƑ oll†mb1-ঞom-m7|u-bmbm]-0o†|-mঞŊ1ouu†rঞom ƐƔѷo=;lrѴo‹;;v-m7Ɛƕѷo=";mbou
roѴb1b;v-m7ruo1;7†u;v -m-];l;m|_-ˆ;u;1;bˆ;7|u-bmbm]
om-mঞŊ1ouu†rঞomŐbm1Ѵ†vbˆ;o=ƒķƑƐƕ
;ŊѴ;-umbm]†v;u-‚;lr|vő
ƑƏƔŊƒ omCul;7bm1b7;m|vo=1ouu†rঞom-m7-1ঞomv|-h;m obm1b7;m|vo=1ouu†rঞom‰;u;
u;rou|;7bmƑƏƐѶĺ

SAMPATH SIMPLIFIED 377

GRI CONTENT INDEX

!"r;1bC1 bv1Ѵov†u;v -];m†l0;uŐvő-m7ņou&!Ővő Remarks

mˆbuoml;m|-Ѵ$orb1v
!ƒƏƑĹm;u]‹
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ mˆbuoml;m|-Ѵ-m-];l;m|Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƒƏƑŊƐ m;u]‹1omv†lrঞom‰b|_bm|_;ou]-mbv-ঞom ѶƔ
ƒƏƑŊƑ m;u]‹1omv†lrঞomo†|vb7;|_;ou]-mbv-ঞom ѶƔ
ƒƏƑŊƒ m;u]‹bm|;mvb|‹ ѶƔ
ƒƏƑŊƓ !;7†1ঞomo=;m;u]‹1omv†lrঞom ѶƔ
ƒƏƑŊƔ !;7†1ঞomo=;m;u]‹u;t†bu;l;m|vo=ruo7†1|v-m7 $_bv1-mmo|0;-11†u-|;Ѵ‹1-Ѵ1†Ѵ-|;7
v;uˆb1;v oul;-v†u;7bmu;Ѵ-ঞom|ovr;1bC1
ruo7†1|vouv;uˆb1;vo=|_;-mhĺ
!ƒƏƔĹlbvvbomv
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ mˆbuoml;m|-Ѵ-m-];l;m|Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƒƏƔŊƐ bu;1|Ő"1or;Ɛő;lbvvbomv ѶƔ
ƒƏƔŊƑ m;u]‹bm7bu;1|Ő"1or;Ƒő;lbvvbomv ѶƔ
ƒƏƔŊƒ |_;ubm7bu;1|Ő"1or;ƒő;lbvvbomv ѶƔ
ƒƏƔŊƓ ;lbvvbomvbm|;mvb|‹ ѶƔ
ƒƏƔŊƔ !;7†1ঞomo=;lbvvbomv ѶƔ
ƒƏƔŊѵ lbvvbomvo=oŒom;Ŋ7;rѴ;ঞm]v†0v|-m1;vŐ "ő lbvvbomvo=Œom; ;rѴ;ঞm]
"†0v|-m1;vŐ "ő-u;bmvb]mbC1-m|ķ
1omvb7;ubm]|_;m-|†u;o=o†u0†vbm;vvĺ
ƒƏƔŊƕ b|uo];moŠb7;vŐŠőķv†Ѵr_†uoŠb7;vŐ"Šő-m7o|_;u ѶƔ
vb]mbC1-m|-bu;lbvvbomv
!ƒƏѵĹZ†;m|v-m7)-v|;
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ mˆbuoml;m|-Ѵ-m-];l;m|Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƒƏѵŊƐ )-|;u7bv1_-u];0‹t†-Ѵb|‹-m77;vঞm-ঞom Ѷѵ
ƒƏѵŊƑ )-v|;0‹|‹r;-m77bvrov-Ѵl;|_o7 Ѷѵ
ƒƏѵŊƒ "b]mbC1-m|vrbѴѴv o|u;Ѵ;ˆ-m||o|_;0†vbm;vvo=
-mhbm]ĺ
ƒƏѵŊƓ $u-mvrou|o=_-Œ-u7o†v‰-v|; o|u;Ѵ;ˆ-m||o|_;0†vbm;vvo=
-mhbm]ĺ
ƒƏѵŊƔ )-|;u0o7b;v-@;1|;70‹‰-|;u7bv1_-u];v-m7ņou o‰-|;u0o7b;v-@;1|;70‹‰-|;u
u†mo@ 7bv1_-u];v-m7ņouu†mo@ĺ

378 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
$ "&""ş+""
!"ş(!
 !$
SUPPLEMENTARY INFORMATION

!"r;1bC1 bv1Ѵov†u;v -];m†l0;uŐvő-m7ņou&!Ővő Remarks

"o1b-Ѵ$orb1v
!ƓƏƐĹlrѴo‹l;m|
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ $-Ѵ;m|1t†bvbঞom-m7
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v -m-];l;m|ŊŐѴ;-v;†v;|_;
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ !1o7;bmmm;u uom|oˆ;uő
Ɣ
ƓƏƐŊƐ ;‰;lrѴo‹;;_bu;v-m7;lrѴo‹;;|†umoˆ;u ѵƖ
ƓƏƐŊƑ ;m;C|vruoˆb7;7|o=†ѴѴŊঞl;;lrѴo‹;;v|_-|-u;mo| ƕƑ
ruoˆb7;7|o|;lrou-u‹our-u|ঞl;;lrѴo‹;;v
ƓƏƐŊƒ -u;m|-ѴѴ;-ˆ; ƕƏ
!ƓƏƑĹ-0o†uņ-m-];l;m|!;Ѵ-ঞomv
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ lrѴo‹;;!;Ѵ-ঞomvŊŐѴ;-v;
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v †v;|_; !1o7;bmmm;u uom|
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ oˆ;uő
Ɣ
ƓƏƑŊƐ bmbl†lmoঞ1;r;ubo7vu;]-u7bm]or;u-ঞom-Ѵ1_-m];v o1oѴѴ;1ঞˆ;-]u;;l;m|bm=ou1;ķ
or;u-ঞom-Ѵ1_-m];v-u;bm=oul;7
bm-7ˆ-m1;7;r;m7bm]om|_;
u;t†bu;l;m|ĺ
!ƓƏƒĹ11†r-ঞom-Ѵ;-Ѵ|_-m7"-=;|‹
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ lrѴo‹;;!;Ѵ-ঞomvŊŐѴ;-v;
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v †v;|_; !1o7;bmmm;u uom|
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ oˆ;uő
Ɣ
ƓƏƒŊƐ )ouh;uvu;ru;v;m|-ঞombm=oul-Ѵfobm|l-m-];l;m|Ŋ );7omo|_-ˆ;-mo11†r-ঞom-Ѵ_;-Ѵ|_
‰ouh;u_;-Ѵ|_-m7v-=;|‹1ollb‚;;v -m7v-=;|‹1ollb‚;;ķ‰;_-ˆ;v;|Ŋo†|
1Ѵ;-u]†b7;Ѵbm;v|o;mv†u;|_;v-=;|‹
o=-ѴѴ|_ov;‰b|_bmo†uru;lbv;v-|-m‹
]bˆ;mঞl;ĺ
ƓƏƒŊƑ $‹r;vo=bmf†u‹-m7u-|;vo=bmf†u‹ķo11†r-ঞom-Ѵ ou;rou|;7bm1b7;m|v7†ubm]|_;
7bv;-v;vķѴov|7-‹v-m7-0v;m|;;bvl-m7m†l0;uo= u;rouঞm]r;ubo7ĺ
‰ouhŊu;Ѵ-|;7=-|-Ѵbঞ;v
ƓƏƒŊƒ )ouh;uv‰b|__b]_bm1b7;m1;ou_b]_ubvho=7bv;-v;v ;bm]-0-mhķmov†1_;lrѴo‹;;
u;Ѵ-|;7|o|_;buo11†r-ঞom 1-|;]oub;vo0v;uˆ;7ĺou;rou|;7
bm1b7;m|v7†ubm]|_;u;rouঞm]r;ubo7ĺ
ƓƏƒŊƓ ;-Ѵ|_-m7v-=;|‹|orb1v1oˆ;u;7bm=oul-Ѵ-]u;;l;m|v o1oѴѴ;1ঞˆ;-]u;;l;m|bm=ou1;ĺ
‰b|_|u-7;†mbomv ;-Ѵ|_-m7"-=;|‹bv1oˆ;u;7=uol|_;
lrѴo‹;;!;Ѵ-ঞomvoѴb1‹şlrѴo‹;;
);Ѵ=-u;oѴb1‹ĺ
!ƓƏƓĹ$u-bmbm]-m77†1-ঞom
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ $u-bmbm]-m7 ;ˆ;Ѵorl;m|Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƓƏƓŊƐ ˆ;u-];_o†uvo=|u-bmbm]r;u‹;-ur;u;lrѴo‹;; ƕƑ
ƓƏƓŊƑ uo]u-ll;v=ou†r]u-7bm];lrѴo‹;;vhbѴѴv-m7 ƕƐ
|u-mvbঞom-vvbv|-m1;ruo]u-ll;v
ƓƏƓŊƒ ;u1;m|-];o=;lrѴo‹;;vu;1;bˆbm]u;]†Ѵ-ur;u=oul-m1; ƕƐ
-m71-u;;u7;ˆ;Ѵorl;m|u;ˆb;‰v

SAMPATH SIMPLIFIED 379

GRI CONTENT INDEX

!"r;1bC1 bv1Ѵov†u;v -];m†l0;uŐvő-m7ņou&!Ővő Remarks

!ƓƏƔĹ bˆ;uvb|‹-m7t†-Ѵrrou|†mb|‹
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ $-Ѵ;m|1t†bvbঞom-m7
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v -m-];l;m|ŊŐѴ;-v;†v;|_;
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ !1o7;bmmm;u uom|oˆ;uő
Ɣ
ƓƏƔŊƐ bˆ;uvb|‹o=]oˆ;um-m1;0o7b;v-m7;lrѴo‹;;v ƕƒ
ƓƏƔŊƑ !-ঞoo=0-vb1v-Ѵ-u‹-m7u;l†m;u-ঞomo=‰ol;m|o ƕƑ
l;m
!ƓƐƒĹo1-Ѵoll†mbঞ;v
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ oll†mb|‹ ;ˆ;Ѵorl;m|Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƓƐƒŊƐ r;u-ঞomv‰b|_Ѵo1-Ѵ1oll†mb|‹;m]-];l;m|ķblr-1| ƓƑķƓƒŊƓƓķƕѶŊѶƑķѶƖ
-vv;vvl;m|v-m77;ˆ;Ѵorl;m|ruo]u-ll;v
ƓƐƒŊƑ r;u-ঞomv‰b|_vb]mbC1-m|-1|†-Ѵ-m7ro|;mঞ-Ѵm;]-ঞˆ; o-m‹bm1b7;m|u;rou|;77†ubm]|_;
blr-1|vomѴo1-Ѵ1oll†mbঞ;v u;rouঞm]r;ubo7ĺ
!ƓƐѵņv|ol;u;-Ѵ|_-m7"-=;|‹
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ †v|ol;u;-Ѵ|_-m7"-=;|‹Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƓƐѵŊƐ vv;vvl;m|o=|_;_;-Ѵ|_-m7v-=;|‹blr-1|vo=ruo7†1| v-v;uˆb1;ou]-mbv-ঞomķ_;-Ѵ|_-m7
-m7v;uˆb1;1-|;]oub;v v-=;|‹blr-1|vo=o†uruo7†1|vş
ƓƐѵŊƑ m1b7;m|vo=momŊ1olrѴb-m1;1om1;umbm]|_;_;-Ѵ|_-m7 v;uˆb1;1-|;]oub;v1-mmo|0;-vv;vv;7ĺ
v-=;|‹blr-1|vo=ruo7†1|v-m7v;uˆb1;v
!ƓƐƕĹ-uh;ঞm]-m7-0;ѴѴbm]
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ -uh;ঞm]-m7-0;ѴѴbm]Ŋ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v ŐѴ;-v;†v;|_; !1o7;bm
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ mm;u uom|oˆ;uő
Ɣ
ƓƐƕŊƐ !;t†bu;l;m|v=ouruo7†1|-m7v;uˆb1;bm=oul-ঞom-m7 -uh;ঞm]-m7-0;ѴѴbm]Ŋ
Ѵ-0;ѴѴbm] ŐѴ;-v;†v;|_; !1o7;bm
mm;u uom|oˆ;uő
ƓƐƕŊƑ m1b7;m|vo=momŊ1olrѴb-m1;1om1;umbm]ruo7†1|-m7 obm1b7;m|u;rou|;77†ubm]|_;
v;uˆb1;bm=oul-ঞom-m7Ѵ-0;ѴѴbm] u;rouঞm]r;ubo7bm|_bvu;]-u7ĺ
ƓƐƕŊƒ m1b7;m|vo=momŊ1olrѴb-m1;1om1;umbm]l-uh;ঞm] obm1b7;m|u;rou|;77†ubm]|_;
1oll†mb1-ঞomv u;rouঞm]r;ubo7bm|_bvu;]-u7ĺ
!ƓƐѶņv|ol;uubˆ-1‹
ƐƏƒŊƐ ŠrѴ-bm|_;l-|;ub-Ѵ|orb1vşb|v0o†m7-u‹ olrѴ-bm|-m-];l;m|ņ
ƐƏƒŊƑ $_;-m-];l;m|rruo-1_-m7b|v1olrom;m|v †v|ol;uubˆ-1‹ŊŐѴ;-v;†v;
ƐƏƒŊƒ ˆ-Ѵ†-ঞomo=|_;-m-];l;m|rruo-1_ |_; !1o7;bmmm;u uom|
oˆ;uő
Ɣ
ƓƐѶŊƐ "†0v|-mঞ-|;71olrѴ-bm|v1om1;umbm]0u;-1_;vo= !;1;bˆ;7Ɛѵ1olrѴ-bm|v-m7-ѴѴ_-ˆ;
1†v|ol;urubˆ-1‹-m7Ѵovv;vo=1†v|ol;u7-|- 0;;mu;voѴˆ;70‹u;vr;1ঞˆ;0u-m1_;v
-m77;r-u|l;m|vĺ

380 SAMPATH BANK PLC Annual Report 2018

INDEPENDENT ASSURANCE REPORT TO THE
SHAREHOLDERS OF SAMPATH BANK PLC

m7;r;m7;m|vv†u-m1;!;rou||o"-lr-|_ ;m]-];l;m|ĺ11ou7bm]Ѵ‹ķ‰;7omo|;Šru;vv y !;1om1bѴbm]-m7-]u;;bm]|_;7-|-om

-mhom|_;"†v|-bm-0bѴb|‹!;rouঞm] -morbmbomruoˆb7bm]u;-vom-0Ѵ;-vv†u-m1;ĺ Cm-m1b-Ѵr;u=oul-m1;-u;ruor;uѴ‹
ub|;ub-u;v;m|;7bm|_;m|;]u-|;7mm†-Ѵ 7;ubˆ;7=uol|_;olr-m‹Ľv-†7b|;7
!;rou|ŊƑƏƐѶ Management of the Company’s Cm-m1b-Ѵv|-|;l;m|v=ou|_;‹;-u;m7;7
responsibility for the Report ƒƐ ;1;l0;uƑƏƐѶĺ
m|uo7†1ঞom-m7v1or;o=|_;;m]-];l;m| $_;l-m-];l;m|o=|_;olr-m‹bv y olr-ubvomo=|_;1om|;m|o=|_;
$_;l-m-];l;m|o="-lr-|_-mh u;vromvb0Ѵ;=ou|_;ru;r-u-ঞomo=|_;v;Ѵ=Ŋ !;rou|-]-bmv||_;1ub|;ub-=ou-Ѵo0-Ѵ
Őľ|_;olr-m‹Ŀő;m]-];7†v|oruoˆb7;-m 7;1Ѵ-u-ঞomķ|_;bm=oul-ঞom-m7v|-|;l;m|v !;rouঞm]mbঞ-ঞˆ;ķ!"|-m7-u7vĹm
bm7;r;m7;m|-vv†u-m1;om|_;=oѴѴo‰bm] 1om|-bm;7‰b|_bm|_;!;rou|ķ-m7=ou -11ou7-m1;ĽŊolru;_;mvbˆ;]†b7;Ѵbm;vĺ
;Ѵ;l;m|vo=|_;v†v|-bm-0bѴb|‹u;rouঞm] l-bm|-bmbm]-7;t†-|;u;1ou7v-m7bm|;um-Ѵ
1ub|;ub-ru;v;m|;7bm|_;-mm†-Ѵu;rou|ŊƑƏƐѶ 1om|uoѴv|_-|-u;7;vb]m;7|ov†rrou||_; †uruo1;7†u;v7b7mo|bm1Ѵ†7;|;vঞm]
Őľ|_;!;rou|Ŀőĺ v†v|-bmbm]u;rouঞm]ruo1;vvbmѴbm;‰b|_|_; ;Ѵ;1|uomb1v‹v|;lv†v;7|o1oѴѴ;1|-m7
!"†v|-bm-0bѴb|‹!;rouঞm]†b7;Ѵbm;vĺ -]]u;]-|;|_;bm=oul-ঞomĺ
y !;-vom-0Ѵ;-vv†u-m1;om|_;bm=oul-ঞom
blb|-ঞomv-m71omvb7;u-ঞomv
omCm-m1b-Ѵr;u=oul-m1;-vvr;1bC;7om umv|ş+o†m]Ľvu;vromvb0bѴb|‹
r-];ƒѵƐo=|_;!;rou|ĺ mˆbuoml;m|-Ѵ-m7vo1b-Ѵr;u=oul-m1;7-|-
†uu;vromvb0bѴb|‹bv|o;Šru;vv-1om1Ѵ†vbom
-u;v†0f;1||obm_;u;m|Ѵblb|-ঞomv]bˆ;m
y blb|;7-vv†u-m1;omo|_;ubm=oul-ঞom -v|o‰_;|_;u‰;_-ˆ;0;1ol;-‰-u;o=
|_;bum-|†u;-m7|_;l;|_o7v†v;7=ou
ru;v;m|;7bm|_;!;rou|ķru;r-u;7bm -m‹l-‚;u|_-|1-†v;v†v|o0;Ѵb;ˆ;|_-||_;
7;|;ulbmbm]ķ1-Ѵ1†Ѵ-ঞm]-m7;vঞl-ঞm]v†1_
-11ou7-m1;‰b|_|_;u;t†bu;l;m|vo=|_; !;rou|bvmo|ru;r-u;7bm-11ou7-m1;‰b|_
7-|-ĺ
Ѵo0-Ѵ!;rouঞm]mbঞ-ঞˆ;!"|-m7-u7vĹ |_;u;t†bu;l;m|vo=|_;Ѵo0-Ѵ!;rouঞm]
ļm-11ou7-m1;ĽŊolru;_;mvbˆ; mbঞ-ঞˆ;ķ!"|-m7-u7vĹļm-11ou7-m1;ĽŊ Conclusion
]†b7;Ѵbm;vĺ olru;_;mvbˆ;]†b7;Ѵbm;vĺ$_bvu;rou|bv
-v;7om|_;ruo1;7†u;vr;u=oul;7ķ-v
l-7;voѴ;Ѵ‹|o|_;olr-m‹bm-11ou7-m1;
7;v1ub0;7-0oˆ;ķ‰;1om1Ѵ†7;|_-|ĸ
Basis of our work and level of assurance ‰b|_o†u;m]-];l;m|Ѵ;‚;u7-|;7ƑƏ†]†v|
);r;u=oul;7o†uruo1;7†u;v|oruoˆb7; ƑƏƐѶĺ);7bv1Ѵ-bl-m‹-vv†lrঞomo=
y $_;bm=oul-ঞomomCm-m1b-Ѵ
Ѵblb|;7-vv†u-m1;bm-11ou7-m1;‰b|_"ub-mh- u;vromvb0bѴb|‹=ou-m‹u;Ѵb-m1;om|_bvu;rou|
r;u=oul-m1;-vvr;1bC;7omr-];ƒѵƐ
"|-m7-u7omvv†u-m1;m]-];l;m|vŐ"" |o-m‹r;uvomo|_;u|_-m|_;olr-m‹ou
o=|_;!;rou|-u;ruor;uѴ‹7;ubˆ;7
ƒƏƏƏőĹļvv†u-m1;m]-];l;m|v|_;u|_-m =ou-m‹r†urov;o|_;u|_-m|_-|=ou‰_b1_b|
=uol|_;-†7b|;7Cm-m1b-Ѵv|-|;l;m|v
†7b|vou!;ˆb;‰vo=bv|oub1-Ѵ bm-m1b-Ѵ ‰-vru;r-u;7ĺm1om7†1ঞm]o†u;m]-];l;m|ķ
o=|_;olr-m‹=ou|_;‹;-u;m7;7ƒƐ
m=oul-ঞomĽķbvv†;70‹|_;mvঞ|†|;o= ‰;_-ˆ;1olrѴb;7‰b|_|_;bm7;r;m7;m1;
;1;l0;uƑƏƐѶĺ
_-u|;u;711o†m|-m|vo="ub-mh-Őľ"Ŀőĺ u;t†bu;l;m|vo=|_;o7;=ou|_b1v=ou
uo=;vvbom-Ѵ11o†m|-m|vbvv†;70‹|_;"ĺ y o|_bm]_-v1ol;|oo†u-‚;mঞom
|_-|1-†v;v†v|o0;Ѵb;ˆ;|_-|o|_;u
$_;;ˆ-Ѵ†-ঞom1ub|;ub-†v;7=ou|_bvѴblb|;7
;‹-vv†u-m1;ruo1;7†u;v bm=oul-ঞomru;v;m|;7bm|_;!;rou|
-vv†u-m1;;m]-];l;m|-u;0-v;7om|_;
-u;mo|=-buѴ‹ru;v;m|;7ķbm-ѴѴl-|;ub-Ѵ
"†v|-bm-0bѴb|‹!;rouঞm]†b7;Ѵbm;vŐľ! );rѴ-mm;7-m7r;u=oul;7o†uruo1;7†u;v
u;vr;1|vķbm-11ou7-m1;‰b|_|_;
†b7;Ѵbm;vĿő-m7u;Ѵ-|;7bm=oul-ঞombm |oo0|-bm|_;bm=oul-ঞom-m7;ŠrѴ-m-ঞomv
olr-m‹Ľvv†v|-bm-0bѴb|‹ru-1ঞ1;v-m7
r-uঞ1†Ѵ-uķ|_;u;t†bu;l;m|v|o-1_b;ˆ;! 1omvb7;u;7m;1;vv-u‹|oruoˆb7;v†L1b;m|
roѴb1b;vvol;o=‰_b1_-u;7;ubˆ;7
"|-m7-u7vļm-11ou7-m1;ĽŊolru;_;mvbˆ; ;ˆb7;m1;|ov†rrou|o†uѴblb|;7-vv†u-m1;
=uol"†v|-bm-0bѴb|‹!;rouঞm]†b7;Ѵbm;ķ
]†b7;Ѵbm;r†0Ѵb1-ঞomķr†0Ѵb1Ѵ‹-ˆ-bѴ-0Ѵ;-| 1om1Ѵ†vbomvĺ;‹-vv†u-m1;ruo1;7†u;v
!"|-m7-u7vŊļm-11ou7-m1;Ľ
!Ľv]Ѵo0-Ѵ‰;0vb|;-|ľ‰‰‰ĺ]Ѵo0-Ѵu;rouঞm]ĺ bm1Ѵ†7;7Ĺ
olru;_;mvbˆ;ĺ
ou]Ŀĺ
y m|;uˆb;‰bm]|_;u;Ѵ;ˆ-m|1olr-m‹Ľv
†u;m]-];l;m|ruoˆb7;vѴblb|;7-vv†u-m1; r;uvomm;Ѵ|o†m7;uv|-m7|_;ruo1;vv
-v‰;ѴѴ-vu;-vom-0Ѵ;-vv†u-m1;ĺѴblb|;7 =ou1oѴѴ;1ঞomķ-m-Ѵ‹vbvķ-]]u;]-ঞom-m7
-vv†u-m1;;m]-];l;m|bvv†0v|-mঞ-ѴѴ‹ ru;v;m|-ঞomo=7-|-ĺ umv|ş+o†m]
Ѵ;vvbmv1or;|_-m-u;-vom-0Ѵ;-vv†u-m1; _-u|;u;711o†m|-m|v
y !;ˆb;‰bm]-m7ˆ-Ѵb7-ঞomo=|_;
;m]-];l;m|1om7†1|;7bm-11ou7-m1;‰b|_ bm=oul-ঞom1om|-bm;7bm|_;!;rou|ĺ
""ŊƒƏƏƏ-m71omv;t†;m|Ѵ‹7o;vmo| ƐƓ ;0u†-u‹ƑƏƐƖ
y _;1hbm]|_;1-Ѵ1†Ѵ-ঞomvr;u=oul;70‹ oѴol0o
;m-0Ѵ;|oo0|-bm-vv†u-m1;|_-|‰;‰o†Ѵ7
|_;olr-m‹om-v-lrѴ;0-vbv|_uo†]_
0;1ol;-‰-u;o=-ѴѴvb]mbC1-m|l-‚;uv|_-|
u;1-Ѵ1†Ѵ-ঞomĺ
lb]_|0;b7;mঞC;7bm-u;-vom-0Ѵ;-vv†u-m1;

SAMPATH SIMPLIFIED 381

GLOSSARY OF FINANCIAL AND
BANKING TERMS
A (!)$  "$!$Ґ) !ґ !!Ґґ
) !bv1-Ѵ1†Ѵ-|;70‹|_;;m|u-Ѵ-mhlom|_Ѵ‹ m†mv;1†u;7ķv_ou|Ŋ|;ul7;0|bmv|u†l;m|bvv†;70‹
ACCEPTANCES 0-v;7om|_;‰;b]_|;7-ˆ;u-];o=-ѴѴo†|v|-m7bm] -1ourou-ঞomķ|‹rb1-ѴѴ‹=ou|_;Cm-m1bm]o=-11o†m|v
$_;vb]m-|†u;om-bѴѴo=Š1_-m];bm7b1-|;v|_-||_; bm|;u;v|0;-ubm]7;rovb|vo=1oll;u1b-Ѵ0-mhv-m7 u;1;bˆ-0Ѵ;ķbmˆ;m|oub;v-m7l;;ঞm]v_ou|Ŋ|;ul
r;uvomom‰_olb|bv7u-‰m-11;r|v|_;1om7bঞomv |_;1ouu;vrom7bm]bm|;u;v|u-|;vĺ Ѵb-0bѴbঞ;vĺ$_;7;0|bv†v†-ѴѴ‹bvv†;7-|-7bv1o†m|ķ
o=|_;bѴѴĺmo|_;u‰ou7v-bѴѴo=Š1_-m];|_-|_-v u;Y;1ঞm]ru;ˆ-bѴbm]l-uh;|bm|;u;v|u-|;vĺ
0;;m-11;r|;7ĺ AVERAGE WEIGHTED PRIME LENDING RATE
Ґ)!ґ  &$+$!Ґ$ґ$
ACCOUNTING POLICIES )!bv1-Ѵ1†Ѵ-|;70‹|_;;m|u-Ѵ-mh‰;;hѴ‹ omvbv|vo=v|-|;71-rb|-Ѵķo|_;u1-rb|-Ѵ-m7u;ˆ;m†;
$_;vr;1bC1rubm1brѴ;vķ0-v;vķ1omˆ;mঞomvķu†Ѵ;v 0-v;7om1oll;u1b-Ѵ0-mhvĽѴ;m7bm]u-|;vo@;u;7|o u;v;uˆ;vĺ$bv|_;;Ѵ;l;m|o=1-rb|-Ѵ‰_b1_
-m7ru-1ঞ1;v-7or|;70‹-m;mঞ|‹bmru;r-ubm]-m7 |_;burubl;1†v|ol;uv7†ubm]|_;‰;;hĺ _-v|_;_b]_;v|t†-Ѵb|‹-m7|_;lov|;@;1ঞˆ;bm
ru;v;mঞm] bm-m1b-Ѵ"|-|;l;m|vĺ -0vou0bm]Ѵovv;vĺ
B
ACCRUAL BASIS COMMITMENTS
!;1o]mbঞomo=|_;;@;1|vo=|u-mv-1ঞomv-m7o|_;u BASEL II u;7b|=-1bѴbঞ;v-rruoˆ;70†|mo|‹;|†ঞѴbv;70‹|_;
;ˆ;m|v‰_;m|_;‹o11†u‰b|_o†|‰-bঞm]=ouu;1;br| $_;1-rb|-Ѵ-7;t†-1‹=u-l;‰ouhbvv†;70‹|_;-v;Ѵ 1Ѵb;m|v-v-||_;u;rouঞm]7-|;ĺ
our-‹l;m|o=1-v_oub|v;t†bˆ-Ѵ;m|vĺ ollb‚;;om-mhbm]"†r;uˆbvbomŐ"őbm|_;
=oulo=|_;ļm|;um-ঞom-Ѵomˆ;u];m1;o=-rb|-Ѵ CONSOLIDATED FINANCIAL STATEMENTS
ACTUARIAL ASSUMPTIONS ;-v†u;l;m|-m7-rb|-Ѵ"|-m7-u7vĽĺ
omvoѴb7-|;7Cm-m1b-Ѵv|-|;l;m|v-u;|_;Cm-m1b-Ѵ
m;mঞ|‹Ľv†m0b-v;7-m7l†|†-ѴѴ‹1olr-ঞ0Ѵ;0;v| v|-|;l;m|vo=-]uo†rbm‰_b1_|_;-vv;|vķѴb-0bѴbঞ;vķ
;vঞl-|;vo=|_;7;lo]u-r_b1-m7Cm-m1b-Ѵˆ-ub-0Ѵ; BASEL III ;t†b|‹ķbm1ol;ķ;Šr;mv;v-m71-v_Yo‰vo=|_;
|_-|‰bѴѴ7;|;ulbm;|_;†Ѵঞl-|;1ov|o=ruoˆb7bm] $_;"bvv†;7|_;-v;Ѵu†Ѵ;v|;Š|ķ‰_b1_ r-u;m|-m7b|vv†0vb7b-ub;v-u;ru;v;m|;7-v|_ov;o=
rov|Ŋ;lrѴo‹l;m|0;m;C|vĺ ru;v;m|v|_;7;|-bѴvo=v|u;m]|_;m;7]Ѵo0-Ѵu;]†Ѵ-|ou‹ -vbm]Ѵ;;1omolb1;mঞ|‹ĺ
v|-m7-u7vom0-mh1-rb|-Ѵ-7;t†-1‹-m7Ѵbt†b7b|‹ĺ
 $$!Ґ$ґ$ CONTINGENCIES
|bv-v†rrѴ;l;m|-u‹=oulo=$b;u1-rb|-Ѵĺ$ BILLS SENT FOR COLLECTION 1om7bঞomouvb|†-ঞomķ|_;†Ѵঞl-|;o†|1ol;o=
bm1Ѵ†7;v1-rb|-Ѵbmv|u†l;m|vo|_;u|_-m|_; 0bѴѴo=;Š1_-m];7u-‰m0‹-m;Šrou|;u†v†-ѴѴ‹-|- ‰_b1_Ő]-bmouѴovvő‰bѴѴ0;1omCul;7omѴ‹om|_;
bmv|u†l;m|vbm1Ѵ†7;7bm$1-rb|-Ѵĺ |;ulķom-mblrou|;uoˆ;uv;-v-m70uo†]_|0‹|_; o11†uu;m1;oumomŊo11†uu;m1;o=om;oulou;
;Šrou|;u|o_bv0-mh‰b|_-u;t†;v||o1oѴѴ;1||_; †m1;u|-bm=†|†u;;ˆ;m|vĺ
AMORTISATION ruo1;;7vĺ

$_;v‹v|;l-ঞ1-ѴѴo1-ঞomo=|_;7;ru;1b-0Ѵ;-lo†m| CONTRACT
o=-mbm|-m]b0Ѵ;-vv;|oˆ;ub|v†v;=†ѴѴb=;ĺ C m-]u;;l;m|0;|‰;;m|‰ooulou;r-uঞ;v|_-|
1u;-|;v;m=ou1;-0Ѵ;ub]_|v-m7o0Ѵb]-ঞomvĺ
CAPITAL ADEQUACY RATIO
AMORTISED COST
$_;r;u1;m|-];o=ubvhŊ-7f†v|;7-vv;|vv†rrou|;7 CONTROL
$_;-louঞv;71ov|o=-Cm-m1b-Ѵ-vv;|ouCm-m1b-Ѵ 0‹1-rb|-Ѵ-v7;Cm;7†m7;u|_;=u-l;‰ouho=ubvhŊ
Ѵb-0bѴb|‹bv|_;-lo†m|-|‰_b1_|_;Cm-m1b-Ѵ-vv;| 0-v;71-rb|-Ѵv|-m7-u7v7;ˆ;Ѵor;70‹|_;-mh=ou mbmˆ;v|ou1om|uoѴv-mbmˆ;v|;;‰_;m|_;bmˆ;v|ou
ouCm-m1b-ѴѴb-0bѴb|‹bvl;-v†u;7-|bmbঞ-Ѵu;1o]mbঞom m|;um-ঞom-Ѵ";‚Ѵ;l;m|Ő"ő-m7-vlo7bC;7|ov†b| bv;Šrov;7ķou_-vub]_|vķ|oˆ-ub-0Ѵ;u;|†umv=uolb|v
lbm†vrubm1br-Ѵu;r-‹l;m|vķrѴ†voulbm†v|_; Ѵo1-Ѵu;t†bu;l;m|v0‹|_;;m|u-Ѵ-mho="ub-mh-ĺ bmˆoѴˆ;l;m|‰b|_|_;bmˆ;v|;;-m7_-v|_;-0bѴb|‹
1†l†Ѵ-ঞˆ;-louঞv-ঞom†vbm]|_;;@;1ঞˆ;bm|;u;v| |o-@;1||_ov;u;|†umv|_uo†]_b|vro‰;uoˆ;u|_;
l;|_o7o=-m‹7b@;u;m1;0;|‰;;m|_-|bmbঞ-Ѵ-lo†m| bmˆ;v|;;ĺ
-m7|_;l-|†ub|‹-lo†m|ķ-m7lbm†v-m‹u;7†1ঞom $"!($& !Ґґ
Ő7bu;1|Ѵ‹ou|_uo†]_|_;†v;o=-m-ѴѴo‰-m1;-11o†m|ő |bv7;vb]m;7|o;mv†u;|_-|0-mhv0†bѴ7†r1-rb|-Ѵ CORPORATE GOVERNANCE
=oublr-bul;m|ou†m1oѴѴ;1|-0bѴb|‹ĺ 0†@;uvo†|vb7;r;ubo7vo=v|u;vv‰_b1_1-m0;7u-‰m
7o‰m-vѴovv;v-u;bm1†uu;7ĺ $_;ruo1;vv0‹‰_b1_1ourou-|;;mঞঞ;v-u;
]oˆ;um;7ĺ|bv1om1;um;7‰b|_|_;‰-‹bm‰_b1_
""$ $+$$Ґґ ro‰;ubv;Š;u1bv;7oˆ;u|_;l-m-];l;m|-m7
ubvhŊl-m-];l;m|1ollb‚;;bm-0-mh|_-| CASH EQUIVALENTS 7bu;1ঞomo=;mঞ|‹ķ|_;v†r;uˆbvbomo=;Š;1†ঞˆ;
];m;u-ѴѴ‹1olrubv;v|_;v;mbouŊl-m-];l;m|Ѵ;ˆ;Ѵv -v_;t†bˆ-Ѵ;m|v-u;v_ou|Ŋ|;ulķ_b]_Ѵ‹Ѵbt†b7 -1ঞomv-m7-11o†m|-0bѴb|‹|oo‰m;uv-m7o|_;uvĺ
o=|_;bmvঞ|†ঞomĺ$_;Ľvrubl-u‹]o-Ѵbv|o bmˆ;v|l;m|v|_-|-u;u;-7bѴ‹1omˆ;uঞ0Ѵ;|ohmo‰m
;ˆ-Ѵ†-|;ķlomb|ou-m7-rruoˆ;ru-1ঞ1;vu;Ѵ-ঞm] -lo†m|vo=1-v_-m7‰_b1_-u;v†0f;1||o-m CORRESPONDENT BANK
|oubvh7†;|obl0-Ѵ-m1;vbm|_;1-rb|-Ѵv|u†1|†u;ĺ bmvb]mbC1-m|ubvho=1_-m];vbmˆ-Ѵ†;ĺ
lom]|_;=-1|ouv1omvb7;u;7-u;Ѵbt†b7b|‹ubvhķ 0-mhbm-=ou;b]m1o†m|u‹|_-|o@;uv0-mhbm]
bm|;u;v|u-|;ubvhķor;u-ঞom-Ѵubvh-m7;Š|;um-Ѵ;ˆ;m|v =-1bѴbঞ;v|o|_;1†v|ol;uvo=-0-mhbm-mo|_;u
CASH FLOWS 1o†m|u‹ĺ
|_-|l-‹-@;1||_;0-mhĽv=ou;1-v|-m7v|u-|;]b1
0-Ѵ-m1;v_;;|-ѴѴo1-ঞomvĺ -v_Yo‰v-u;bmYo‰v-m7o†Ѵo‰vo=1-v_-m71-v_
;t†bˆ-Ѵ;m|vĺ COST METHOD
ASSOCIATE COMPANY l;|_o7o=-11o†mঞm]‰_;u;0‹|_;bmˆ;v|l;m|
COLLECTIVELY ASSESSED LOAN IMPAIRMENT bvu;1ou7;7-|1ov|ĺ$_;m1ol;"|-|;l;m|u;Y;1|v
m-vvo1b-|;bv-m;mঞ|‹ķbm1Ѵ†7bm]-m†mbm1ourou-|;7 PROVISIONS
;mঞ|‹v†1_-v-r-u|m;uv_brķoˆ;u‰_b1_|_;bmˆ;v|ou bm1ol;=uol|_;bmˆ;v|l;m|omѴ‹|o|_;;Š|;m||_-|
_-vvb]mbC1-m|bmY†;m1;-m7|_-|bvm;b|_;u- Ѵvohmo‰m-vrouoѴboblr-bul;m|ruoˆbvbomvĺ |_;bmˆ;v|ouu;1;bˆ;v7bv|ub0†ঞomv=uol-11†l†Ѵ-|;7
v†0vb7b-u‹mou-mbm|;u;v|bm-fobm|ˆ;m|†u;ĺ lr-bul;m|-vv;vvl;m|om-1oѴѴ;1ঞˆ;0-vbv m;|ruoC|vo=|_;bmˆ;v|;;-ubvbm]v†0v;t†;m||o|_;
=ou_olo];m;o†v]uo†rvo=Ѵo-mv|_-|-u;mo| 7-|;o=-1t†bvbঞomĺ
1omvb7;u;7bm7bˆb7†-ѴѴ‹vb]mbC1-m|-m7|o1oˆ;u
( !"Ґ "ґ ""$" Ѵovv;v|_-|_-v0;;mbm1†uu;70†|_-vmo|‹;|0;;m "$҃&" $
om7;ubˆ-ঞˆ;Cm-m1b-Ѵ-vv;|v|_-|-u;7;vb]m-|;7-v b7;mঞC;7-||_;u;rouঞm]7-|;ĺ$‹rb1-ѴѴ‹-vv;|v
-ˆ-bѴ-0Ѵ;=ouv-Ѵ;ou-u;mo|1Ѵ-vvbC;7-vŐ-őѴo-mv-m7 ‰b|_bm|_;1omv†l;u0-mhbm]0†vbm;vvŐ_o†vbm]ķ 1omঞm†o†vbm1u;-v;bm-ˆ;u-];rub1;Ѵ;ˆ;Ѵv7†;|o
u;1;bˆ-0Ѵ;vķŐ0ő_;Ѵ7|ol-|†ub|‹bmˆ;v|l;m|vouŐ1ő r;uvom-Ѵķˆ;_b1Ѵ;Ѵo-mvķ1u;7b|1-u7v;|1ő-u;-vv;vv;7 -mbm1u;-v;bmruo7†1ঞom1ov|vĺ
Cm-m1b-Ѵ-vv;|v-|=-buˆ-Ѵ†;|_uo†]_ruoC|ouѴovvĺ om-rouoѴbo0-vbvĺ

382 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
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SUPPLEMENTARY INFORMATION

COST TO INCOME RATIO DERIVATIVES EQUITY METHOD

r;u-ঞm];Šr;mv;v;Š1Ѵ†7bm]blr-bul;m|1_-u]; 7;ubˆ-ঞˆ;bv-Cm-m1b-Ѵbmv|u†l;m|ouo|_;u $_;;t†b|‹l;|_o7bv-l;|_o7o=-11o†mঞm]
=ouѴo-mv-m7o|_;uѴovv;v-v-r;u1;m|-];o=|o|-Ѵ 1om|u-1|ķ|_;ˆ-Ѵ†;o=‰_b1_1_-m];vbmu;vromv;|o ‰_;u;0‹|_;bmˆ;v|l;m|bvbmbঞ-ѴѴ‹u;1o]mbv;7-|
or;u-ঞm]bm1ol;ĺ vol;†m7;uѴ‹bm]ˆ-ub-0Ѵ;Ő;ĺ]ĺ-mbm|;u;v|u-|;őķ|_-| 1ov|-m7-7f†v|;7|_;u;-[;u=ou|_;rov|Ŋ-1t†bvbঞom
_-v-mbmbঞ-Ѵm;|bmˆ;v|l;m|vl-ѴѴ;u|_-m‰o†Ѵ70; 1_-m];bm|_;bmˆ;v|ouĽvv_-u;o=m;|-vv;|vo=|_;
COUNTRY RISK u;t†bu;7=ouo|_;ubmv|u†l;m|v|_-|_-ˆ;-vblbѴ-u bmˆ;v|;;ĺ$_;ruoC|ouѴovvo=|_;bmˆ;v|oubm1Ѵ†7;v
u;vromv;|o|_;ˆ-ub-0Ѵ;ķ-m7|_-|‰bѴѴ0;v;‚Ѵ;7-|- |_;bmˆ;v|ouĽvv_-u;o=|_;ruoC|ouѴovvo=|_;
$_;ubvh|_-|-=ou;b]m]oˆ;uml;m|‰bѴѴmo|=†ѴCѴb|v =†|†u;7-|;ĺ bmˆ;v|;;ĺ
o0Ѵb]-ঞomvouo0v|u†1|v|_;u;lb‚-m1;o==†m7v0‹
7;0|ouvķ;b|_;u=ouCm-m1b-Ѵu;-vomvŐ|u-mv=;uubvhőou
=ouo|_;uu;-vomvŐroѴbঞ1-Ѵubvhőĺ DISCOUNT RATE "Ґ+"!)!"ґ
u-|;†v;7|orѴ-1;-1†uu;m|ˆ-Ѵ†;om=†|†u;1-v_ l;|_o7o=]bˆbm];lrѴo‹;;vv_-u;vbm|_;0†vbm;vv
CREDIT RATING Yo‰vĺ|bvm;;7;7|ou;Y;1||_;=-1||_-|lom;‹_-v =ou‰_b1_|_;‹‰ouhĺ
-ঞl;ˆ-Ѵ†;ĺ
m;ˆ-Ѵ†-ঞomo=-1ourou-|;Ľv-0bѴb|‹|ou;r-‹b|v
o0Ѵb]-ঞomvouѴbh;Ѵb_oo7o=mo|7;=-†Ѵঞm]ķ1-uub;7o†| EVENTS AFTER THE REPORTING PERIOD
0‹-mbm7;r;m7;m|u-ঞm]-];m1‹ĺ DIVIDEND COVER ˆ;m|v-[;u|_;u;rouঞm]r;ubo7-u;|_ov;;ˆ;m|vķ
uoC|-[;u|-Š7bˆb7;70‹]uovv7bˆb7;m7ĺ$_bvu-ঞo =-ˆo†u-0Ѵ;-m7†m=-ˆo†u-0Ѵ;ķ|_-|o11†u0;|‰;;m|_;
CREDIT RISK l;-v†u;v|_;m†l0;uo=ঞl;v7bˆb7;m7bv1oˆ;u;70‹ ;m7o=|_;u;rouঞm]r;ubo7-m7|_;7-|;‰_;m|_;
|_;1†uu;m|‹;-uĽv7bv|ub0†|-0Ѵ;ruoC|vĺ Cm-m1b-Ѵv|-|;l;m|v-u;-†|_oubv;7=oubvv†;ĺ
u;7b|ubvhbv|_;ubvho=Cm-m1b-ѴѴovv|o|_;-mhb=-
1†v|ol;uou1o†m|;ur-u|‹|o-Cm-m1b-Ѵbmv|u†l;m|
=-bѴv|ol;;|b|v1om|u-1|†-Ѵo0Ѵb]-ঞomvķ-m7-ubv;v DIVIDEND YIELD *$ ! $"""Ґ"ґ
rubm1br-ѴѴ‹=uol|_;Ѵo-mv-m7-7ˆ-m1;v|o1†v|ol;uv bˆb7;m7;-um;7r;uv_-u;-v-r;u1;m|-];o=b|v v-u;ruo0-0bѴb|‹Ŋ‰;b]_|;7;vঞl-|;o=|_;
-m7o|_;u0-mhv-m7bmˆ;v|l;m|7;0|v;1†ubঞ;vĺ l-uh;|ˆ-Ѵ†;ĺ ru;v;m|ˆ-Ѵ†;o=1-v_v_ou-ѴѴvŐbĺ;ĺ|_;‰;b]_|;7
-ˆ;u-];1u;7b|Ѵovv;vķ‰b|_u;vr;1ঞˆ;ubvhvo=7;=-†Ѵ|v
CREDIT RISK MITIGATION &$!+$$!" ! $Ґ"ґ o11†uubm]bm-]bˆ;mঞl;r;ubo7†v;7-v|_;‰;b]_|vőĺ
l;-v†u;l;m|v-u;†m0b-v;7Őbĺ;ĺm;†|u-Ѵķmo|
|;1_mbt†;|ou;7†1;|_;1u;7b|ubvh-vvo1b-|;7‰b|_ )ub‚;m†m7;u|-hbm]v0‹-0-mhom0;_-Ѵ=o=b|v 1omv;uˆ-ঞˆ;-m7mo|0b-v;7|o‰-u7vorঞlbvlou
-m;Šrov†u;0‹-rrѴb1-ঞomo=1u;7b|ubvhlbঞ]-m|v 1†v|ol;uvķ-†|_oubvbm]-|_bu7r-u|‹|o7u-‰om|_; r;vvblbvlő-m7-u;7;|;ulbm;70‹;ˆ-Ѵ†-ঞm]-u-m];
v†1_-v1oѴѴ-|;u-Ѵķ]†-u-m|;;-m71u;7b|ruo|;1ঞomĺ -mh†r|o-vঞr†Ѵ-|;7-lo†m|†m7;uvr;1bC1|;ulv o=rovvb0Ѵ;o†|1ol;vĺ
-m71om7bঞomvĺ"†1_†m7;u|-hbm]v-u;;v|-0Ѵbv_;7=ou
CURRENCY RISK |_;r†urov;o==-1bѴb|-ঞm]bm|;um-ঞom-Ѵ|u-7;ĺ
*"&!$  &$Ґ ґ
$_;ubvh|_-||_;=-buˆ-Ѵ†;ou=†|†u;1-v_Yo‰vo=- $_bvbv-m;vঞl-|;o=|_;;Šrov†u;-|-=†|†u;
Cm-m1b-Ѵbmv|u†l;m|‰bѴѴY†1|†-|;0;1-†v;o=1_-m];v DOMESTIC SYSTEMICALLY IMPORTANT BANKS
Ґ ҃""ґ 7;=-†Ѵ|7-|;ķ|-hbm]bm|o-11o†m|;Šr;1|;71_-m];v
bm=ou;b]m;Š1_-m];u-|;vĺ bm|_;;Šrov†u;-[;u|_;u;rouঞm]7-|;ķbm1Ѵ†7bm]
b1;mv;70-mhv‰b|_|o|-Ѵ-vv;|v;t†-Ѵ|oou]u;-|;u u;r-‹l;m|vo=rubm1br-Ѵşbm|;u;v|-m7;Šr;1|;7
CURRENCY SWAPS |_-m!vƔƏƏ0bѴѴbom 7u-‰7o‰mvo=1ollb‚;7=-1bѴbঞ;vĺ
$_;vbl†Ѵ|-m;o†vr†u1_-v;o=-m-lo†m|o=-
1†uu;m1‹=ouvro|v;‚Ѵ;l;m|-m7|_;v-Ѵ;o=|_;v-l; E EXPOSURE
-lo†m|o=|_;v-l;1†uu;m1‹=ou=ou‰-u7v;‚Ѵ;l;m|ĺ 1Ѵ-blķ1omঞm];m|1Ѵ-blourovbঞom‰_b1_1-uub;v-
!"!"!Ґ"ґ
ubvho=Cm-m1b-ѴѴovvĺ
CUSTOMER DEPOSITS $_;ruoC|-‚ub0†|-0Ѵ;|o;-1_ou7bm-u‹v_-u;bm|_;
-mhķ0-v;7om|_;ruoC|=ou|_;r;ubo7-[;u|-Š
om;‹7;rovb|;70‹-11o†m|_oѴ7;uvĺ"†1_=†m7v-u; -m7-[;u7;7†1ঞm]lbmoub|‹bm|;u;v|-m7ru;=;u;m1; F
u;1ou7;7-vѴb-0bѴbঞ;vĺ v_-u; bˆb7;m7ĺ
FAIR VALUE
D (&  Ґ(ґ -bu(-Ѵ†;bv|_;rub1;|_-|‰o†Ѵ70;u;1;bˆ;7|ov;ѴѴ
-m-vv;|our-b7|o|u-mv=;u-Ѵb-0bѴb|‹bm-mou7;uѴ‹
DEFERRED TAX l;-v†u;o=ruo7†1ঞˆb|‹‰_b1_|-h;vbm|o |u-mv-1ঞom0;|‰;;ml-uh;|r-uঞ1br-m|v-||_;
1omvb7;u-ঞom1ov|o=|o|-Ѵbmˆ;v|;7;t†b|‹ĺ l;-v†u;l;m|7-|;ĺ
"†lv;|-vb7;bm|_;Cm-m1b-Ѵv|-|;l;m|v=ou|-Š-ঞom
|_-|l-‹0;1ol;r-‹-0Ѵ;ņu;1;bˆ-0Ѵ;bm-Cm-m1b-Ѵ
‹;-uo|_;u|_-m|_;1†uu;m|Cm-m1b-Ѵ‹;-uĺ|-ubv;v  $($!"$!$Ґ!ґ FINANCE LEASE
0;1-†v;o=|;lrou-u‹7b@;u;m1;v0;|‰;;m|-Šu†Ѵ;v !-|;|_-|;Š-1|Ѵ‹7bv1o†m|v;vঞl-|;7=†|†u;1-v_ Cm-m1;Ѵ;-v;bv-Ѵ;-v;|_-||u-mv=;uvv†0v|-mঞ-ѴѴ‹
-m7-11o†mঞm]1omˆ;mঞomvĺ r-‹l;m|vouu;1;br|v|_uo†]_|_;;Šr;1|;7Ѵb=;o=|_; -ѴѴ|_;ubvhv-m7u;‰-u7vbm1b7;m|-Ѵ|oo‰m;uv_br
Cm-m1b-Ѵbmv|u†l;m|vouķ‰_;m-rruorub-|;ķ-v_ou|;u o=-m-vv;|ĺ$b|Ѵ;l-‹oul-‹mo|;ˆ;m|†-ѴѴ‹0;
DELINQUENCY r;ubo7|o|_;m;|1-uu‹bm]-lo†m|o=|_;Cm-m1b-Ѵ |u-mv=;uu;7ĺ
-vv;|ouCm-m1b-ѴѴb-0bѴb|‹ĺ
7;0|ouo|_;uCm-m1b-Ѵo0Ѵb]-ঞombv1omvb7;u;7
|o0;bm-v|-|;o=7;Ѵbmt†;m1‹‰_;mr-‹l;m|v-u; FINANCIAL GUARANTEE CONTRACT
oˆ;u7†;ĺo-mv-m7-7ˆ-m1;v-u;1omvb7;u;7|o0;  $($*!$Ґ$!ґ
Cm-m1b-Ѵ]†-u-m|;;1om|u-1|bv-1om|u-1||_-|
7;Ѵbmt†;m|‰_;m1omv;1†ঞˆ;r-‹l;m|v-u;lbvv;7ĺ uoˆbvbom=ou|-Š-ঞom;Š1Ѵ†7bm]7;=;uu;7|-Š7bˆb7;7 u;t†bu;v|_;bvv†;u|ol-h;vr;1bC;7r-‹l;m|v|o
Ѵvohmo‰m-vļuu;-uvĽĺ 0‹|_;ruoC|0;=ou;|-Š-ঞomĺ u;bl0†uv;|_;_oѴ7;u=ou-Ѵovvb|bm1†uv0;1-†v;-
vr;1bC;77;0|ou=-bѴv|ol-h;r-‹l;m|‰_;m7†;bm
DEPRECIATION EQUITY INSTRUMENT -11ou7-m1;‰b|_|_;oub]bm-Ѵoulo7bC;7|;ulvo=-
$_;v‹v|;l-ঞ1-ѴѴo1-ঞomo=|_;7;ru;1b-0Ѵ;-lo†m| m;t†b|‹bmv|u†l;m|bv-m‹1om|u-1||_-|;ˆb7;m1;v 7;0|bmv|u†l;m|ĺ
o=-m-vv;|oˆ;ub|v†v;=†ѴѴb=;ĺ -u;vb7†-Ѵbm|;u;v|bm|_;-vv;|vo=-m;mঞ|‹-[;u
7;7†1ঞm]-ѴѴo=b|vѴb-0bѴbঞ;vĺ FINANCIAL INSTRUMENT
DERECOGNITION bm-m1b-Ѵbmv|u†l;m|bv-m‹1om|u-1||_-|]bˆ;vubv;|o
;u;1o]mbঞombv|_;u;loˆ-Ѵo=-ru;ˆbo†vѴ‹ -Cm-m1b-Ѵ-vv;|o=om;;mঞ|‹-m7-Cm-m1b-ѴѴb-0bѴb|‹
u;1o]mbv;7Cm-m1b-Ѵ-vv;|ouCm-m1b-ѴѴb-0bѴb|‹=uol-m ou;t†b|‹bmv|u†l;m|o=-mo|_;u;mঞ|‹ĺ
;mঞ|‹Ľvv|-|;l;m|o=Cm-m1b-Ѵrovbঞomĺ

SAMPATH SIMPLIFIED 383

GLOSSARY OF FINANCIAL AND
BANKING TERMS

FIRM COMMITMENT I L
Cul1ollb|l;m|bv-0bm7bm]-]u;;l;m|=ou|_;
;Š1_-m];o=-vr;1bC;7t†-mঞ|‹o=u;vo†u1;v-|- IMPAIRED LOANS LIFETIME EXPECTED CREDIT LOSSES
vr;1bC;7rub1;om-vr;1bC;7=†|†u;7-|;ou7-|;vĺ lr-bu;7Ѵo-mv-u;Ѵo-mv‰_;u;|_;uo†r7o;v $_;;Šr;1|;71u;7b|Ѵovv;v|_-|u;v†Ѵ|=uol-ѴѴ
mo|;Šr;1||o1oѴѴ;1|-ѴѴ|_;1om|u-1|†-Ѵ1-v_Yo‰v rovvb0Ѵ;7;=-†Ѵ|;ˆ;m|voˆ;u|_;;Šr;1|;7Ѵb=;o=-
FOREIGN EXCHANGE INCOME ou;Šr;1|v|o1oѴѴ;1||_;lѴ-|;u|_-m|_;‹-u; Cm-m1b-Ѵbmv|u†l;m|ĺ
1om|u-1|†-ѴѴ‹7†;ĺ
$_;u;-Ѵbv;7]-bmu;1ou7;7‰_;m-vv;|vouѴb-0bѴbঞ;v
7;molbm-|;7bm=ou;b]m1†uu;m1b;v-u;|u-mvѴ-|;7bm|o  & $+(!!$Ґ!ґ
"ub-mh-m!†r;;vom|_;u;rouঞm]7-|;-|ru;ˆ-bѴbm] IMPAIRMENT -mhv-u;u;t†bu;7|ol-bm|-bm-m-7;t†-|;Ѵ;ˆ;Ѵo=
u-|;v‰_b1_7b@;u=uol|_ov;u-|;vbm=ou1;-| $_bvo11†uv‰_;mu;1oˆ;u-0Ѵ;-lo†m|o=-m-vv;|bv †m;m1†l0;u;7b]_ †-Ѵb|‹bt†b7vv;|vŐ ő
bm1;rঞomouom|_;ru;ˆbo†vu;rouঞm]7-|;ĺ ou;b]m Ѵ;vv|_-mb|v1-uu‹bm]-lo†m|ĺ |_-|1-m0;1omˆ;u|;7bm|o1-v_|ol;;||_;bu
;Š1_-m];bm1ol;-Ѵvo-ubv;v=uol|u-7bm]bm=ou;b]m Ѵbt†b7b|‹m;;7v=ou-ƒƏ1-Ѵ;m7-u7-‹ঞl;_oubŒom
1†uu;m1b;vĺ IMPAIRMENT PROVISIONS †m7;u-vb]mbC1-m|Ѵ‹v;ˆ;u;Ѵbt†b7b|‹v|u;vvv1;m-uboĺ
!bv1olr†|;70‹7bˆb7bm]|_;v|o1ho= 0‹
lr-bul;m|ruoˆbvbomv-u;ruoˆbvbomv_;Ѵ7om|_; |_;|o|-Ѵm;|1-v_o†Ѵo‰voˆ;u|_;m;Š|ƒƏ1-Ѵ;m7-u
FORWARD EXCHANGE CONTRACT "|-|;l;m|o= bm-m1b-Ѵovbঞom-v-u;v†Ѵ|o=|_; 7-‹vĺ
]u;;l;m|0;|‰;;m|‰or-uঞ;v|o;Š1_-m];om; u-bvbm]o=-1_-u];-]-bmv|ruoC|=ou|_;bm1†uu;7Ѵovvĺ
1†uu;m1‹=ou-mo|_;u-|-=†|†u;7-|;-|-u-|;-]u;;7
†rom|o7-‹ĺ LIQUID ASSETS
m7bˆb7†-ѴѴ‹"b]mbC1-m|o-mlr-bul;m|uoˆbvbom
Ő"r;1bC1lr-bul;m|uoˆbvbomő vv;|v|_-|-u;_;Ѵ7bm1-v_oubm-=oul|_-|1-m
G 0;1omˆ;u|;7|o1-v_u;-7bѴ‹ķv†1_-v7;rovb|v‰b|_
o|_;u0-mhvķ0bѴѴvo=;Š1_-m];-m7|u;-v†u‹0bѴѴv-m7
lr-bul;m|bvl;-v†u;7bm7bˆb7†-ѴѴ‹=ou-vv;|v|_-| 0om7vĺ
!!$$$(Ґ!ґ -u;bm7bˆb7†-ѴѴ‹vb]mbC1-m||o|_;uo†rĺ
!bv-Ѵ;-7bm]ou]-mbv-ঞombm|_;v†v|-bm-0bѴb|‹C;Ѵ7ĺ
!ruolo|;v|_;†v;o=v†v|-bm-0bѴb|‹u;rouঞm]-v LIQUIDITY RISK
INTANGIBLE ASSET
-‰-‹=ouou]-mbv-ঞomv|o0;1ol;lou;v†v|-bm-0Ѵ; $_;ubvh|_-|-m;mঞ|‹‰bѴѴ;m1o†m|;u7bL1†Ѵ|‹
-m71om|ub0†|;|ov†v|-bm-0Ѵ;7;ˆ;Ѵorl;m|ĺ mbm|-m]b0Ѵ;-vv;|bv-mb7;mঞC-0Ѵ;momŊlom;|-u‹ bml;;ঞm]o0Ѵb]-ঞomv-vvo1b-|;7‰b|_Cm-m1b-Ѵ
-vv;|‰b|_o†|r_‹vb1-Ѵv†0v|-m1;ĺ Ѵb-0bѴbঞ;vĺ
GOING CONCERN
INTEREST COVER LOANS AND RECEIVABLES
$_;Cm-m1b-Ѵv|-|;l;m|v-u;moul-ѴѴ‹ru;r-u;7om
|_;-vv†lrঞom|_-|-m;mঞ|‹bv-]obm]1om1;um-m7 u-ঞov_o‰bm]|_;m†l0;uo=ঞl;vbm|;u;v|1_-u];v om7;ubˆ-ঞˆ;Cm-m1b-Ѵ-vv;|v‰b|_CŠ;7ou
‰bѴѴ1omঞm†;bmor;u-ঞom=ou|_;=ou;v;;-0Ѵ;=†|†u;ĺ bv1oˆ;u;70‹;-umbm]v0;=ou;bm|;u;v|-m7|-Šĺ 7;|;ulbm-0Ѵ;r-‹l;m|v|_-|-u;mo|t†o|;7bm
;m1;ķb|bv-vv†l;7|_-||_;;mঞ|‹_-vm;b|_;u -m-1ঞˆ;l-uh;|o|_;u|_-m|_ov;bm|;m7v|ov;ѴѴ
|_;bm|;mঞommou|_;m;;7|oѴbt†b7-|;ou1†u|-bѴ INTEREST MARGIN bll;7b-|;Ѵ‹oubm|_;m;-u|;ul-m77;vb]m-|;7-v
l-|;ub-ѴѴ‹|_;v1-Ѵ;o=b|vor;u-ঞomvĺ ;|bm|;u;v|bm1ol;;Šru;vv;7-v-r;u1;m|-];o= =-buˆ-Ѵ†;|_uo†]_ruoC|ouѴovvou-ˆ-bѴ-0Ѵ;v-Ѵ;om
-ˆ;u-];bm|;u;v|;-umbm]-vv;|vĺ bmbঞ-Ѵu;1o]mbঞomĺ
GROSS DIVIDEND
$_;rouঞomo=ruoC|v7bv|ub0†|;7|o|_;v_-u;_oѴ7;uv INTEREST RATE RISK ""(  &$Ґ ґ
bm1Ѵ†7bm]|_;|-Š‰b|__;Ѵ7ĺ $_;ubvh|_-||_;=-buˆ-Ѵ†;ou=†|†u;1-v_Yo‰vo=-  bv|_;r;u1;m|-];o=-m;Šrov†u;|_-|-Ѵ;m7;u
Cm-m1b-Ѵbmv|u†l;m|‰bѴѴY†1|†-|;0;1-†v;o=1_-m];v ;Šr;1|v|oѴov;bm|_;;ˆ;m|o=o0Ѵb]ou7;=-†Ѵ|vĺ|
GROUP bml-uh;|bm|;u;v|u-|;vĺ bv0-v;7om|_;7b@;u;m1;0;|‰;;m|_;1om|u-1|†-Ѵ
1-v_Yo‰v7†;-m7|_ov;|_-||_;Ѵ;m7;u‰o†Ѵ7
]uo†rbv-r-u;m|-m7b|vv†0vb7b-ub;vĺ u;1;bˆ;bm1Ѵ†7bm]-m‹1oѴѴ-|;u-Ѵĺ
INTEREST RATE SWAP
GUARANTEES m-]u;;l;m|0;|‰;;m|‰or-uঞ;v‰_;u;om;
M
ruolbv;l-7;0‹-|_bu7r-u|‹Ő]†-u-m|ouőķ‰_obv v|u;-lo==†|†u;bm|;u;v|r-‹l;m|vbv;Š1_-m];7=ou
mo|-r-u|‹|o-1om|u-1|0;|‰;;m|‰oo|_;uvķ|_-| -mo|_;uv|u;-lo==†|†u;bm|;u;v|r-‹l;m|v0-v;7om
MARKET CAPITALISATION
|_;]†-u-m|ou‰bѴѴ0;Ѵb-0Ѵ;b=|_;]†-u-m|;;=-bѴv|o -vr;1bC;7rubm1br-Ѵ-lo†m|ĺ
$_;ˆ-Ѵ†;o=-1olr-m‹o0|-bm;70‹l†ѴঞrѴ‹bm]
=†ѴCѴ|_;1om|u-1|†-Ѵo0Ѵb]-ঞomvĺ |_;m†l0;uo=ou7bm-u‹v_-u;vbmbvv†;0‹b|vl-uh;|
INTEREST SPREAD
ˆ-Ѵ†;-v-|-7-|;ĺ
H $_bvu;ru;v;m|v|_;7b@;u;m1;0;|‰;;m|_;-ˆ;u-];
bm|;u;v|u-|;;-um;7-m7|_;-ˆ;u-];bm|;u;v|u-|;
MARKET RISK
HEDGING r-b7om=†m7vĺ
-uh;|ubvhbv|_;ubvh|_-|1_-m];vbml-uh;|rub1;vķ
v|u-|;]‹†m7;u‰_b1_|u-mv-1ঞomv-u;;@;1|;7 v†1_-vbm|;u;v|u-|;vķ;t†b|‹rub1;vķ=ou;b]m;Š1_-m];
‰b|_|_;-blo=ruoˆb7bm]1oˆ;u-]-bmv||_;ubvho= INVESTMENT PROPERTIES
u-|;v-m71u;7b|vru;-7vŐmo|u;Ѵ-ঞm]|o1_-m];vbm
†m=-ˆo†u-0Ѵ;rub1;loˆ;l;m|vŐbm|;u;v|u-|;ķ=ou;b]m mˆ;v|l;m|ruor;u|‹bvruor;u|‹ŐѴ-m7ou-0†bѴ7bm]Ŋ |_;o0Ѵb]ouĽvņbvv†;uĽv1u;7b|v|-m7bm]ő‰bѴѴ-@;1||_;
;Š1_-m];u-|;ķ1ollo7b|‹rub1;vķ;|1ő our-u|o=-0†bѴ7bm]Ŋou0o|_ő_;Ѵ7Ő0‹|_;o‰m;uou -mhĽvbm1ol;ou|_;ˆ-Ѵ†;o=b|v_oѴ7bm]vo=Cm-m1b-Ѵ
0‹|_;Ѵ;vv;;†m7;u-Cm-m1;Ѵ;-v;ő|o;-umu;m|-Ѵvou bmv|u†l;m|vĺ
 $$&!$+Ґ$ґ ""$" =ou1-rb|-Ѵ-rru;1b-ঞomou0o|_ķu-|_;u|_-m=ou†v;bm
;Ѵ7|ol-|†ub|‹bmˆ;v|l;m|v-u;momŊ7;ubˆ-ঞˆ; |_;ruo7†1ঞomouv†rrѴ‹o=]oo7vouv;uˆb1;vou=ou
MATERIALITY
Cm-m1b-Ѵ-vv;|v‰b|_CŠ;7ou7;|;ulbm-0Ѵ;r-‹l;m|v -7lbmbv|u-ঞˆ;v;uˆb1;vĸouv-Ѵ;bm|_;ou7bm-u‹1o†uv;
o=0†vbm;vvĺ $_;u;Ѵ-ঞˆ;vb]mbC1-m1;o=-|u-mv-1ঞomou-m
-m7-CŠ;7l-|†ub|‹|_-|-m;mঞ|‹_-v|_;rovbঞˆ; ;ˆ;m|ķ|_;olbvvbomoulbvv|-|;l;m|o=‰_b1_
bm|;mঞom-m7-0bѴb|‹|o_oѴ7|ol-|†ub|‹ĺ 1o†Ѵ7bmY†;m1;|_;7;1bvbomvo=†v;uvo=Cm-m1b-Ѵ
K
v|-|;l;m|vĺ
 &$+ & ""$"Ґ ґ
KEY MANAGEMENT PERSONNEL
 -u;-vv;|v|_-|1-m0;;-vbѴ‹-m7bll;7b-|;Ѵ‹ N
1omˆ;u|;7bm|o1-v_-|Ѵb‚Ѵ;oumoѴovvo=ˆ-Ѵ†;ķ ;‹l-m-];l;m|r;uvomm;Ѵ-u;|_ov;r;uvomv_-ˆbm]
|_-|1-m0;u;-7bѴ‹voѴ7ou†v;7-v1oѴѴ-|;u-Ѵ|o -†|_oub|‹-m7u;vromvb0bѴb|‹=ourѴ-mmbm]ķ7bu;1ঞm]
NET ASSET VALUE PER SHARE
o0|-bm=†m7vbm-u-m];o=v|u;vvv1;m-ubov-m7-u; -m71om|uoѴѴbm]|_;-1ঞˆbঞ;vo=|_;;mঞ|‹ĺ
"_-u;_oѴ7;uvĽ=†m7v7bˆb7;70‹|_;m†l0;uo=
†m;m1†l0;u;7ķbĺ;ĺķ‰b|_o†|Ѵ;]-Ѵķu;]†Ѵ-|ou‹ou ou7bm-u‹v_-u;vbmbvv†;ĺ
or;u-ঞom-Ѵblr;7bl;m|vĺ

384 SAMPATH BANK PLC Annual Report 2018

 $! &$!+ !$
&!&"""
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!"ş(!
 !$
SUPPLEMENTARY INFORMATION

$҃$!"$Ґґ !$&!(!""$"Ґ!ґ T

$_;7b@;u;m1;0;|‰;;m‰_-|-0-mh;-umvom-vv;|v uoC|-[;u|-Š;Šru;vv;7-v-r;u1;m|-];o=-ˆ;u-];
v†1_-vѴo-mv-m7v;1†ubঞ;v-m7‰_-|b|r-‹vom |o|-Ѵ-vv;|vķ†v;7-Ѵom]‰b|_!ķ-v-l;-v†u; TIER I CAPITAL
Ѵb-0bѴbঞ;vv†1_-v7;rovb|vķu;Cm-m1;=†m7v-m7bm|;uŊ o=ruoC|-0bѴb|‹-m7-v-0-vbvo=bm|u-Ŋbm7†v|u‹ $b;u-rb|-Ѵ1omvbv|vo=ollomt†b|‹$b;u
0-mh0ouuo‰bm]vĺ r;u=oul-m1;1olr-ubvomĺ -rb|-ѴŐ$ő-m777bঞom-Ѵ$b;u-rb|-ѴŐ$őĺ

NOSTRO ACCOUNT !$&!(! &$+Ґ!ґ $$$Ґ$"ґ

0-mh-11o†m|_;Ѵ7bm=ou;b]m1o†m|u‹0‹-7ol;vঞ1 uoC|-[;u|-ŠѴ;vvru;=;uu;7v_-u;7bˆb7;m7vb= -rb|-Ѵ0-v;bvv†ll-ঞomo=|_;1ou;1-rb|-ѴŐ$b;uő
0-mhķ7;molbm-|;7bm|_;1†uu;m1‹o=|_-|1o†m|u‹ĺ -m‹ķ;Šru;vv;7-v-r;u1;m|-];o=-ˆ;u-];ou7bm-u‹ -m7|_;v†rrѴ;l;m|-u‹1-rb|-ѴŐ$b;uőĺ
ov|uo-11o†m|v-u;†v;7|o=-1bѴb|-|;|_;v;‚Ѵ;l;m| v_-u;_oѴ7;uvĽ;t†b|‹ĺ
o==ou;b]m;Š1_-m];|u-7;|u-mv-1ঞomvĺ TWELVE MONTH EXPECTED CREDIT LOSSES
REVENUE RESERVES $_;rouঞomo=Ѵb=;ঞl;;Šr;1|;71u;7b|Ѵovv;v|_-|
҃$!$!"$ !;v;uˆ;vv;|-vb7;=ou=†|†u;7bv|ub0†ঞom-m7 u;ru;v;m||_;;Šr;1|;71u;7b|Ѵovv;v|_-|u;v†Ѵ|=uol
om1om|uoѴѴbm]bm|;u;v|bv|_;;t†b|‹bm-v†0vb7b-u‹ bmˆ;v|l;m|ĺ 7;=-†Ѵ|;ˆ;m|vom-Cm-m1b-Ѵbmv|u†l;m||_-|-u;
mo|-‚ub0†|-0Ѵ;ķ7bu;1|Ѵ‹oubm7bu;1|Ѵ‹|o-r-u;m|ĺ rovvb0Ѵ;‰b|_bm|_;ƐƑlom|_v-[;u|_;u;rouঞm]
REVERSE REPURCHASE AGREEMENT 7-|;ĺ
O $u-mv-1ঞombmˆoѴˆbm]|_;r†u1_-v;o=]oˆ;uml;m|
v;1†ubঞ;v0‹-0-mhou7;-Ѵ;u-m7u;v-Ѵ;0-1h|o|_; U
OPERATIONAL RISK v;ѴѴ;u-|-]bˆ;mrub1;om-vr;1bC1=†|†u;7-|;ĺ
r;u-ঞom-Ѵubvhu;=;uv|o|_;Ѵovv;v-ubvbm]=uol UNIT TRUST
=u-†7ķm;]Ѵb];m1;ķoˆ;uvb]_|ķ_†l-m;uuouķruo1;vv RIGHTS ISSUE m†m7;u|-hbm]=oul;7|obmˆ;v|bmv;1†ubঞ;v†m7;u
;uuouvķv‹v|;l=-bѴ†u;vķ;Š|;um-Ѵ;ˆ;m|vķ;|1ĺ |_;|;ulvo=-|u†v|7;;7ĺ
vv†;o=v_-u;v|o|_;;Šbvঞm]v_-u;_oѴ7;uv-|-m
-]u;;7rub1;ķ];m;u-ѴѴ‹Ѵo‰;u|_-ml-uh;|rub1;ĺ
P USEFUL LIFE

!"҃)$ ""$" &v;=†ѴѴb=;bv|_;r;ubo7oˆ;u‰_b1_-m-vv;|bv

PARENT ;Šr;1|;7|o0;-ˆ-bѴ-0Ѵ;=ou†v;0‹-m;mঞ|‹ou|_;
r-u;m|bv-m;mঞ|‹|_-|1om|uoѴvom;oulou; &v;7bm|_;1-Ѵ1†Ѵ-ঞomo=ubvhŊ0-v;71-rb|-Ѵu-ঞovĺ m†l0;uo=ruo7†1ঞomouvblbѴ-u†mb|v;Šr;1|;7|o0;
;mঞঞ;vĺ $_;=-1;-lo†m|o=Ѵo‰;uubvh-vv;|vbv7bv1o†m|;7 o0|-bm;7=uol|_;-vv;|0‹-m;mঞ|‹ĺ
†vbm]ubvh‰;b]_ঞm]=-1|ouvbmou7;u|ou;Y;1|-
1olr-u-0Ѵ;ubvhr;uu†r;;-lom]-ѴѴ|‹r;vo=-vv;|vĺ
POWER $_;ubvhbm_;u;m|bm1ollb|l;m|ş1omঞm];m1b;vbv V
$_;o‰;ubv|_;;Šbvঞm]ub]_|v|_-|]bˆ;|_;1†uu;m| -Ѵvou;1o]mbv;7ķCuv|0‹-7f†vঞm]moঞom-Ѵˆ-Ѵ†;v|o
-0bѴb|‹|o7bu;1||_;u;Ѵ;ˆ-m|-1ঞˆbঞ;vĺ "|-|;l;m|o= bm-m1b-ѴovbঞomŐou1u;7b|ő;t†bˆ-Ѵ;m|v VALUE ADDED
-m7|_;m0‹-rrѴ‹bm]-rruorub-|;ubvh‰;b]_ঞm] );-Ѵ|_1u;-|;70‹ruoˆb7bm]0-mhbm]-m7o|_;u
!!"!$Ґņ!$ґ =-1|ouvĺ v;uˆb1;vѴ;vv|_;1ov|o=ruoˆb7bm]v†1_v;uˆb1;vĺ$_;
ˆ-Ѵ†;-77;7bv-ѴѴo1-|;7-lom]|_;;lrѴo‹;;vķ|_;
$_;1†uu;m|l-uh;|rub1;o=|_;v_-u;bv7bˆb7;70‹ ruoˆb7;uvo=1-rb|-Ѵķ|o]oˆ;uml;m|0‹‰-‹o=|-Š;v
|_;;-umbm]vr;uv_-u;o=|_;-mhĺ S
-m7u;|-bm;7=ou;Šr-mvbom-m7]uo‰|_ĺ
SEGMENTAL ANALYSIS
!$+   &$Ґ ґ VOSTRO ACCOUNT
m-Ѵ‹vbvo=Cm-m1b-Ѵbm=oul-ঞom0‹v;]l;m|vo=-m
 bv-m;vঞl-|;o=Ѵbh;Ѵb_oo7o=7;=-†Ѵ|oˆ;u-]bˆ;m ;m|;urubv;vr;1bC1-ѴѴ‹ķ|_;7b@;u;m|bm7†v|ub;v-m7 Ѵo1-Ѵ1†uu;m1‹-11o†m|l-bm|-bm;70‹-Ѵo1-Ѵ0-mh
ঞl;_oubŒomĺ |_;7b@;u;m|];o]u-r_b1-Ѵ-u;-vbm‰_b1_b|or;u-|;vĺ =ou-=ou;b]mŐ1ouu;vrom7;m|ő0-mhĺ ou|_;=ou;b]m
0-mhķb|bv-ov|uo-11o†m|ĺ$_;7ol;vঞ10-mh-1|v
!$ &$! $$ Ґ&ґ SHAREHOLDERS’ FUNDS -v1†v|o7b-moul-m-];v|_;-11o†m|o=-=ou;b]m
m-1|†-ub-Ѵˆ-Ѵ†-ঞoml;|_o7|_-|v;;v;-1_ 1o†m|;ur-u|ĺ
$o|-Ѵo=bvv†;7-m7=†ѴѴ‹r-b7v_-u;1-rb|-Ѵ-m71-rb|-Ѵ
r;ubo7o=v;uˆb1;-v]bˆbm]ubv;|o-m-77bঞom-Ѵ -m7u;ˆ;m†;u;v;uˆ;vĺ
†mb|o=0;m;C|;mঞ|Ѵ;l;m|-m7l;-v†u;v;-1_†mb| Y
v;r-u-|;Ѵ‹|o0†bѴ7†r|_;Cm-Ѵo0Ѵb]-ঞomĺŐvol;ঞl;v
hmo‰m-v|_;-11u†;70;m;C|l;|_o7ruoŊu-|;7om SINGLE BORROWER LIMIT YIELD TO MATURITY
v;uˆb1;ou-v|_;0;m;C|ņ‹;-uvo=v;uˆb1;l;|_o7őĺ ƒƏѷo=1-rb|-Ѵ0-v;ĺ bv1o†m|u-|;-|‰_b1_|_;ru;v;m|ˆ-Ѵ†;o==†|†u;
u†7;m1; r-‹l;m|v‰o†Ѵ7;t†-Ѵ|_;v;1†ub|‹Ľv1†uu;m|rub1;ĺ
STATUTORY RESERVE FUND
m1Ѵ†vbomo=-7;]u;;o=1-†ঞombm|_;;Š;u1bv;o= 1-rb|-Ѵu;v;uˆ;1u;-|;7-vr;u|_;ruoˆbvbomvo=|_;
f†7]l;m|m;;7;7bml-hbm]|_;;vঞl-|;vu;t†bu;7 -mhbm]1|oĺƒƏo=ƐƖѶѶĺ
†m7;u1om7bঞomvo=†m1;u|-bm|‹ķv†1_|_-|-vv;|vou
bm1ol;-u;mo|oˆ;uv|-|;7-m7Ѵb-0bѴbঞ;vou;Šr;mv;v
-u;mo|†m7;uv|-|;7ĺ SUBSIDIARY
"†0vb7b-u‹bv-m;mঞ|‹|_-|bv1om|uoѴѴ;70‹-mo|_;u
R ;mঞ|‹ĺ

RELEVANT ACTIVITIES SUBSTANCE OVER FORM

!;Ѵ;ˆ-m|-1ঞˆbঞ;v-u;-1ঞˆbঞ;vo=|_;bmˆ;v|;;|_-| $_;1omvb7;u-ঞom|_-||_;-11o†mঞm]|u;-|l;m|
vb]mbC1-m|Ѵ‹-@;1||_;bmˆ;v|;;Ľvu;|†umvĺ -m7|_;ru;v;m|-ঞombmCm-m1b-Ѵv|-|;l;m|vo=
|u-mv-1ঞomv-m7;ˆ;m|vv_o†Ѵ70;]oˆ;um;70‹|_;bu
REPURCHASE AGREEMENT v†0v|-m1;-m7Cm-m1b-Ѵu;-Ѵb|‹-m7mo|l;u;Ѵ‹0‹
Ѵ;]-Ѵ=oulĺ
$_bvbv-1om|u-1||ov;ѴѴ-m7v†0v;t†;m|Ѵ‹u;r†u1_-v;
]oˆ;uml;m|v;1†ubঞ;v-|-]bˆ;mrub1;om-vr;1bC;7
=†|†u;7-|;ĺ

SAMPATH SIMPLIFIED 385

NOTICE OF ANNUAL
GENERAL MEETING
oঞ1;bv_;u;0‹]bˆ;m|_-||_;ƒƒu7mm†-Ѵ Ŏ !vƐƐĺƑƔ0;7bv|ub0†|;7bm|_;=oul Ɣĺ $ou;Ŋ;Ѵ;1|u!-mbѴ-|_bu-m-‰_o
;m;u-Ѵ;;ঞm]o="-lr-|_-mhŐ|_; o=v1ubr-lo†mঞm]|o|o|-Ѵv†lo= u;ঞu;v0‹uo|-ঞom-||_;mm†-Ѵ;m;u-Ѵ
olr-m‹ő‰bѴѴ0;_;Ѵ7-||_;Ş-Ѵlou-ѴŞķ$_; !†r;;v$_u;;bѴѴbomm;†m7u;7 ;;ঞm]-v- bu;1|oubm|;ulvo=uঞ1Ѵ;
bm]v0†u‹ķoĺƓѶķ-m-7_br-|_b-‰-|_-ķ -m7"bŠ|‹bѴѴbomm;†m7u;7-m7 oĺѶƕo=|_;uঞ1Ѵ;vo=vvo1b-ঞomo=
oѴol0oƏƐķomƑƖ|_-u1_ƑƏƐƖ-| b[‹$_o†v-m7$‰o†m7u;7-m7 |_;olr-m‹ĺ
ƖĺƒƏ-ĺlĺ=ou|_;=oѴѴo‰bm]r†urov;vĹ bm;|‹Ő!vƒķƐѵƏķƐƔƏķƑƖƏĺƏƏőĺ!†r;;v
$_u;;bѴѴbomm;†m7u;7-m7 ѵĺ $ou;Ŋ;Ѵ;1|u ;;r-Ѵ"ooub‹--u-1_1_b
Ɛĺ $ou;1;bˆ;-m71omvb7;u|_;mm†-Ѵ $_bu|‹$‰obѴѴbom o†u†m7u;7-m7 ‰_ou;ঞu;v0‹uo|-ঞom-||_;mm†-Ѵ
!;rou|o=|_;o-u7o= bu;1|ouvom|_; ou|‹";ˆ;m$_o†v-m7$‰o†m7u;7 ;m;u-Ѵ;;ঞm]-v- bu;1|oubm|;ulv
-@-buvo=|_;olr-m‹ĺ -m7 bˆ;-m71;m|vb]_|‹ bˆ;Ő!v o=uঞ1Ѵ;oĺѶƕo=|_;uঞ1Ѵ;vo=
ƒķƐƒƑķƓƓƕķƑƏƔĺѶƔőo=|_;v1ubr vvo1b-ঞomo=|_;olr-m‹ĺ
Ƒĺ $ou;1;bˆ;-m71omvb7;u|_;"|-|;l;m| 7bˆb7;m7v_-ѴѴ0;v†0f;1||o7bˆb7;m7
o=†7b|;711o†m|v=ou|_;‹;-u;m7;7 ƕĺ $ou;Ŋ;Ѵ;1|uo=-Ѵbh!-m-vbm]_;‰_o
|-Š-||_;u-|;o=ƐƓѷ‰_bѴv||_;
ƒƐv| ;1;l0;uƑƏƐѶ‰b|_|_;!;rou|o= u;ঞu;v0‹uo|-ঞom-||_;mm†-Ѵ;m;u-Ѵ
u;l-bm7;ubv;Š;lr|=uol7bˆb7;m7|-Šĺ
|_;†7b|ouv|_;u;omĺ ;;ঞm]-v- bu;1|oubm|;ulvo=uঞ1Ѵ;
$_;v_-u;vbvv†;7bm|_;v1ubr7bˆb7;m7
oĺѶƕo=|_;uঞ1Ѵ;vo=vvo1b-ঞomo=
v_-ѴѴ0;ˆ-Ѵ†;7-|!vƑƒƔĺѵѵr;u
ƒĺ $o-rruoˆ;|_;7bˆb7;m7u;1oll;m7;7 |_;olr-m‹ĺ
v_-u;‰_b1_u;v†Ѵ|bmom;ŐƏƐőv_-u;
0‹|_;o-u7o= bu;1|ouvo=!vƐѵĺƑƔ
0;bm]bvv†;7=ou;-1_;Šbvঞm]$‰;m|‹ Ѷĺ $ou;Ŋ;Ѵ;1|uv _-u-)bf-‹-ঞѴ-h;
r;uv_-u;-v|_;Cuv|-m7Cm-Ѵ7bˆb7;m7
o†u7;1bl-Ѵ$_u;;$‰o$‰obm; ‰_ou;ঞu;v0‹uo|-ঞom-||_;mm†-Ѵ
=ou|_;Cm-m1b-Ѵ‹;-uƑƏƐѶr-‹-0Ѵ;-v
m;$‰om;";ˆ;mŐƑƓĺƒƑƑƖƐƑƐƕő ;m;u-Ѵ;;ঞm]-v- bu;1|oubm|;ulv
=oѴѴo‰vĹ
v_-u;v_;Ѵ70‹|_;v_-u;_oѴ7;uv-||_; o=uঞ1Ѵ;oĺѶƕo=|_;uঞ1Ѵ;vo=
-ĺ --v_ bˆb7;m7o=!vƔĺƏƏr;u ;m7o=|u-7bm]om|_;oѴol0ov|o1h vvo1b-ঞomo=|_;olr-m‹ĺ
v_-u;ĸ-m7 ;Š1_-m];om|_;7-|;o=|_;mm†-Ѵ
0ĺ -"1ubr bˆb7;m7o=!vƐƐĺƑƔr;u ;m;u-Ѵ;;ঞm]ĺomv;t†;m|Ѵ‹ķ|_; Ɩĺ $o-rruoˆ;|_;7om-ঞomv-m7
share |o|-Ѵm†l0;uo=v_-u;v|o0;bvv†;7 1om|ub0†ঞomvl-7;0‹|_; bu;1|ouv
†m7;u|_;v1ubr7bˆb7;m7v_-ѴѴ0; 7†ubm]|_;‹;-u†m7;uu;ˆb;‰ĺ
 -m7|_;u;=ou;|o1omvb7;u-m7b=|_o†]_| Ѵ;ˆ;mbѴѴbom bˆ;†m7u;7-m7 ou|‹
C|ķ|or-vv|_;=oѴѴo‰bm]u;voѴ†ঞomv0‹ b]_|$_o†v-m7b]_|†m7u;7-m7 ƐƏĺ $ou;Ŋ-rrobm|;vvuvumv|ş+o†m]ķ
‰-‹o=-mu7bm-u‹!;voѴ†ঞomĺ ";ˆ;m|‹ o†uŐƐƐķƔƓѶķѶƕƓőu7bm-u‹ _-u|;u;711o†m|-m|v-v†7b|ouvo=
v_-u;vĺŞ |_;olr-m‹=ou|_;;mv†bm]‹;-u-m7
 ľ|bv_;u;0‹u;voѴˆ;7|_-|-7bˆb7;m7o= |o-†|_oubŒ;|_; bu;1|ouv|o7;|;ulbm;
!vƐѵĺƑƔr;uv_-u;=ou|_;Cm-m1b-Ѵ‹;-u  ľ|bv=†u|_;uu;voѴˆ;7|_-||_;v_-u;v |_;buu;l†m;u-ঞomĺ
ƑƏƐѶr-‹-0Ѵ;-v=oѴѴo‰vĸ bvv†;7=ou|_;v1ubr7bˆb7;m70;Ѵbv|;7
om|_;oѴol0o"|o1hŠ1_-m];ĺĿ ‹u7;uo=|_;o-u7
Ŏ !vƔĺƏƏ0;7bv|ub0†|;7bm|_;
=oulo=1-v_-lo†mঞm]|o-|o|-Ѵ  ľ|bv=†u|_;uu;voѴˆ;7|_-||_;v_-u;v
r-‹l;m|o=-v†lo=!†r;;vm; -ubvbm]=uol|_;-]]u;]-ঞomo=|_;
bѴѴbom o†u†m7u;7-m7 o†u u;vb7†-Ѵ=u-1ঞomv1omv;t†;m||o|_;
bѴѴbom bˆ;†m7u;7-m7Ѵ;ˆ;m v1ubr7bˆb7;m70;7bvrov;7o=bm|_; "$"!$
$_o†v-m7$‰o†m7u;7-m7 ou|‹ l-uh;|0‹-|u†v|;;|o0;molbm-|;7 olr-m‹";1u;|-u‹
Ő!vƐķƓƏƓķƔƐƐķƑƓƏĺƏƏőĺ!†r;;vm; 0‹|_;o-u7o= bu;1|ouv-m7|_;
bѴѴbom$_u;;†m7u;7-m7bm;|‹$‰o ruo1;;7v|o0;7bv|ub0†|;7-lom]v| oѴol0oķ"ub-mh-
bѴѴbomm;†m7u;7-m7bm;|‹b]_| |_ov;v_-u;_oѴ7;uv;mঞ|Ѵ;7|o|_; ƐƓ|_ ;0u†-u‹ƑƏƐƖ
$_o†v-m7";ˆ;m†m7u;7-m7 b[‹ =u-1ঞomo=v†1_v_-u;vĺĿ
b]_|-m71;m|v b[;;m
Ő!vƐķƒƖƑķƐƖѶķƕƔѶĺƐƔőo=|_;1-v_ Ɠĺ $o;Ѵ;1|u bѴbr†l-u7;"bѴˆ-
bˆb7;m7v_-ѴѴ0;v†0f;1||o7bˆb7;m7 )bf;‹;u-|m;‰_o‰-v-rrobm|;7|o|_;
|-Š-||_;u-|;o=ƐƓѷ‰_bѴv||_; o-u7|oCѴѴ†r-1-v†-Ѵˆ-1-m1‹bm|_;
u;l-bm7;ubv;Š;lr|=uol7bˆb7;m7 o-u7bm|;ulvo=uঞ1Ѵ;oĺƖƒo=|_;
|-Šĸ-m7 uঞ1Ѵ;vo=vvo1b-ঞomo=|_;olr-m‹ĺ

o|;Ĺ l;l0;ubv;mঞ|Ѵ;7|o-rrobm|-uoŠ‹|o-‚;m7-m7ˆo|;om_bvņ_;uņb|v0;_-Ѵ=-m7-uoŠ‹m;;7mo|0;-l;l0;uo=|_;olr-m‹ĺ oul

o=uoŠ‹bv;m1Ѵov;7=ou|_bvr†urov;ĺ$_;bmv|u†l;m|-rrobmঞm]-uoŠ‹l†v|0;7;rovb|;7-||_;!;]bv|;u;7L1;o=|_;olr-m‹-|oĺ
ƐƐƏķ"bu-l;v;bubv-‰-|_-ķoѴol0oƏƑķmo|Ѵ;vv|_-m=ou|‹;b]_|ŐƓѶő_o†uv0;=ou;|_;ঞl;CŠ;7=ou_oѴ7bm]o=|_;;;ঞm]-m7
mou;]bv|u-ঞomo=uoŠb;v‰bѴѴ0;-11ollo7-|;7-||_;ˆ;m†;om|_;7-|;o=|_;mm†-Ѵ;m;u-Ѵ;;ঞm]ĺ

 +o†-u;hbm7Ѵ‹u;t†;v|;7|o0ubm]‰b|_‹o†ķ‹o†u-ঞom-Ѵ7;mঞ|‹-u7ou-m‹ˆ-Ѵb7vo†u1;o=b7;mঞC1-ঞomĺ
Őĺ]Ĺ ubˆbm]Ѵb1;mv;ķ-vvrou|ő

386 SAMPATH BANK PLC Annual Report 2018

STAKEHOLDER
FEEDBACK FORM
$ou;t†;v|bm=oul-ঞomouv†0lb|-1oll;m|ņt†;u‹|o|_;-mhķrѴ;-v;1olrѴ;|;|_;=oѴѴo‰bm]-m7u;|†um|_bvr-];|oĹ

+"!$!+ķ
"-lr-|_-mhķ
oĺƐƐƏķ"bu-l;v;bubv-‰-|_-ķ
oѴol0oƏƑķ"ub-mh-ĺ
;Ŋl-bѴĹ1olr-m‹ōv;1u;|-u‹Šv-lr-|_ĺѴh
$;Ѵ ĹƳƖƓƐƐƓƕƒƏѵƔƑņƓƑƏņƔƓѶ
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mˆ;v|ou "|†7;m|

†v|ol;u o†um-Ѵbv|

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om|;m|-m7"1or;
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Պ&v;u ub;m7Ѵ‹

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SAMPATH SIMPLIFIED 387

 STAKEHOLDER FEEDBACK FORM

COMMENTS / QUERIES / SUGGESTIONS

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

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ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

TICK THE APPROPRIATE BOX Yes No

)o†Ѵ7‹o†Ѵbh;|ou;1;bˆ; ;|-bѴvņ;‰vo=o†uuo7†1|vņ";uˆb1;vˆb-;Ŋl-bѴl;mঞom;70;Ѵo‰

YOUR DETAILS

-l;  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

77u;vv  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

 ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

  ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

CONTACT NUMBERS

!;vb7;m1; Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

L1;  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

o0bѴ;  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

-Š  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

Ŋl-bѴ  Ĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺĺ

388 SAMPATH BANK PLC Annual Report 2018

CORPORATE
INFORMATION
NAME OF COMPANY STOCK EXCHANGE LISTINGS Miss Annika Senanayake
Sampath Bank PLC 280,902,248 Ordinary Shares m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou

LEGAL FORM 70,000,000 Listed Rated Unsecured Mr Ranil Pathirana

Subordinated Redeemable Debentures of m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
A Public Limited Liability Company
incorporated in Sri Lanka on 10th March Rs 100/- each - 2014/2019 Mrs Saumya Amarasekera
1986 under the Companies Act No. 17 70,000,000 Listed Rated Unsecured omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
of 1982 and listed on the Colombo Stock Subordinated Redeemable Debentures of Mr Rushanka Silva
Exchange, Re-registered on 28th April Rs 100/- each - 2015/2020 omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
2008 under the Companies Act No. 7 of
2007. A Licensed Commercial Bank under 60,000,000 Listed Rated Unsecured Mr Dilip de S Wijeyeratne
the Banking Act No. 30 of 1988. Subordinated Redeemable Debentures of omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
Rs 100/- each - 2016/2021
COMPANY REGISTRATION NUMBER Mr Nanda Fernando
60,000,000 Basel III compliant - Tier 2 Managing Director
PQ 144
Listed Rated Unsecured Subordinated
HEAD OFFICE & REGISTERED OFFICE Redeemable Debentures with a Non- SUBSIDIARY COMPANIES
No.110, Sir James Peiris Mawatha, Viability Conversion of Rs 100/- each -
Name of the Holding Nature of
Colombo 02, Sri Lanka 2017/2022
Company % Business
TELEPHONE 75,000,000 Basel III compliant - Tier 2 Sampath 100.00 !;mঞm]o=
Listed Rated Unsecured Subordinated Centre Ltd commercial
+94 (011) 2300260
Redeemable Debentures with a Non- property
+94 (011) 2358358 Viability Conversion of Rs 100/- each - "";1†ubঞ;v 100.00 Stock broking
+94 (011) 4730630 2018/2023 (Pvt) Ltd
+94 (011) 5331441 Siyapatha 100.00 u-mঞm]Ѵ;-vbm]ķ
VAT REGISTRATION NUMBER
+94 (011) 5600600 Finance PLC hire purchase,
134001194 - 7000 factoring &
FAX
other loan
CREDIT RATING
+94 (011) 2303085 =-1bѴbঞ;vş
b|1_!-ঞm]Ĺ b|1_!-ঞm]-mh-blb|;7
SWIFT CODE -11;rঞm]
_-v-Lul;7-ঞom-Ѵom]$;ul!-ঞm]o=
deposits
BSAMLKLX A+ (lka) with stable outlook to Sampath
Sampath 100.00 "o[‰-u;
Bank PLC
҃ m=oul-ঞom development,
[email protected] oo7‹Ľv!-ঞm]Ĺoo7‹Ľvmˆ;v|ouv Technology u;mঞm]o=$
Service has assigned an Issuer and Long "oѴ†ঞomv|7 equipments,
[email protected]
$;ulo1-Ѵ†uu;m1‹ ;rovb|!-ঞm]o=Ƒ IT services
WEB PAGE with stable outlook outsourcing
www.sampath.lk and document
BOARD OF DIRECTORS
management
AUDITORS Mr Channa Palansuriya services
Messrs Ernst & Young Chairman/Non-Independent, Non-
Š;1†ঞˆ; bu;1|ou FOR INVESTOR RELATIONS AND
Chartered Accountants
CLARIFICATIONS ON THE REPORT,
Prof Malik Ranasinghe
LAWYERS PLEASE CONTACT
Deputy Chairman/Independent, Non-
Messrs Nithya Partners The Company Secretary,
Š;1†ঞˆ; bu;1|ou
‚oum;‹vŊ-|Ŋ-‰ Sampath Bank PLC,
Mr Sanjiva Senanayake
No. 110, Sir James Peiris Mawatha,
COMPANY SECRETARY Senior Independent Director,
Colombo 02, Sri Lanka
Mr Lasantha Senaratne omŊŠ;1†ঞˆ; bu;1|ou
‚oum;‹Ŋ-|Ŋ-‰ Ŋl-bѴĹ1olr-m‹ōv;1u;|-u‹Šv-lr-|_ĺѴh
Mr Deepal Sooriyaarachchi
$;ѴĹƳƖƓŐƏƐƐőƓƕƒƏѵƔƑņƓƑƏņƔƓѶ
ASSISTANT COMPANY SECRETARY omŊm7;r;m7;m|ķomŊŠ;1†ঞˆ;
Mr Muditha Walpola Director
‚oum;‹Ŋ-|Ŋ-‰ uv _-u-)bf-‹-ঞѴ-h;
m7;r;m7;m|ķomŊŠ;1†ঞˆ; bu;1|ou
www.sampath.lk