Stewardship

Directors' Interest in Contracts with the Bank

Related party disclosures as per the Sri Lanka Accounting Standard - LKRS 24 on 'Related Party Disclosures' is disclosed in Note 62 to the Financial Statements of this Annual Report. In addition, the Bank carries out transactions in the ordinary course of business on an arm's length basis with entities where the Chairman or a Director of the Bank is the Chairman or a Director of such entities.

The results of such transactions at the Reporting date is given below:

Director/Company Accommodation Granted/Deposits Current Limit Balance/Outstanding
31.12.2015 31.12.2015 31.12.2014
Rs '000 Rs '000 Rs'000
(a) Mr M.P. Jayawardena
Cal Exports Lanka (Pvt) Ltd. Loans & Advances 9,370 - 235
Off-Balance Sheet Accommodations 86,490 - 5,374
Deposits - 11,187 9,022
Yasui Lanka (Pvt) Ltd. Loans & Advances 2,883 - -
Off-Balance Sheet Accommodations 14,415 - 4,365
Deposits - 49 926
Chemanex Exports (Pvt) Ltd. Loans & Advances 10,000 - -
Off-Balance Sheet Accommodations 29,000 5,000 8,206
Deposits - 777 4,044
CIC Holdings PLC Loans & Advances Combined 907,890 640,601 682,450
Off-Balance Sheet Accommodations Limits 900,000 82,505 161,408
Deposits - 11,541 1,901
CIC Vetcare (Pvt) Ltd. Loans & Advances 100,000 46,159 78,650
Off-Balance Sheet Accommodations 152,000 30,268 27,825
Deposits - 217 50
CIC Poultry Farms Ltd. Loans & Advances 841,145 820,019 972,658
Off-Balance Sheet Accommodations 50,000 7,202 35,072
Deposits - 524 24
EAP Films & Theatres (Pvt) Ltd. Deposits - 1,065 11,490
EAP Broadcasting Co. Ltd. Deposits - - 126,727
(b) Prof. A.K.W. Jayawardane (Appointed to the Board w.e.f. April 21,2015)
Sierra Cables PLC Loans & Advances Combined 1,174,000 824,039 N/A
Off-Balance Sheet Accommodations Limits 650,000 312,988 N/A
Deposits - 18,754 N/A