Related party disclosures as per the Sri Lanka Accounting Standard – LKRS 24 on “Related Party Disclosures” is disclosed in Note 64 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.
Directors’ Interest in Contracts with the Bank
Table – 15
Director/Company | Accommodation granted/Deposits | Current limit | Balance/Outstanding | ||||
as at 31.12.2019 Rs ’000 | as at 31.12.2019 Rs ’000 | as at 31.12.2018 Rs ’000 | |||||
(a) | Mr M P Jayawardena | ||||||
CIC Holdings PLC | Loans and advances | Combined | 750,000 | 700,000 | 750,000 | ||
Off-balance sheet accommodation | Limits available | 250,000 | 4,462 | 421,704 | |||
Deposits | – | 7,827 | 8,741 | ||||
CIC Vetcare (Pvt) Ltd. | Loans and advances | Combined | 100,000 | 42,993 | 136,975 | ||
Off-balance sheet accommodation | Limits available | 155,000 | 67,152 | 44,954 | |||
Deposits | – | 2,532 | 1,640 | ||||
CIC Poultry Farms Ltd. | Loans and advances | Combined | 600,000 | 556,012 | 584,947 | ||
Off-balance sheet accommodation | Limits available | 100,000 | – | – | |||
Deposits | – | 24 | 25 | ||||
Cal Exports Lanka (Pvt) Ltd. | Loans and advances | 21,814 | 10,241 | 9,748 | |||
Off-balance sheet accommodation | 109,050 | 8,942 | – | ||||
Deposits | – | 20 | 7 | ||||
Rainforest Ecolodge (Pvt) Ltd. | Deposits | – | 58 | 115 | |||
(b) | Prof A K W Jayawardena | ||||||
Sierra Cables PLC | Loans and advances | Combined | 1,773,312 | 704,897 | 467,088 | ||
Off-balance sheet accommodations | Limits available | 997,922 | 1,300,728 | 1,355,594 | |||
Deposits | – | 77,847 | 50,984 | ||||
Mother Lanka Foundation | Deposits | – | 2,247 | 3,450 | |||
(c) | Mr S Renganathan | ||||||
International Chamber of Commerce – Sri Lanka | Deposits | – | 28,626 | 26,238 | |||
(d) | Ms N T M S Cooray | ||||||
The Solutions Group (Pvt) Ltd. | Deposits | – | 1,813 | 7,038 | |||
Ceylon Tea Brokers PLC | Deposits | – | 29,067 | 3,140 | |||
Jetwing Hotels Ltd. | Deposits | – | 2,666 | 2,526 | |||
Negombo Hotels Ltd. | Deposits | – | 2,248 | 2,338 | |||
The Lighthouse Hotel PLC | Deposits | – | 5,841 | 11,825 | |||
Jetwing Travels (Pvt) Ltd. | Loans and advances | 38,394 | 11,562 | 11,303 | |||
Off-balance sheet accommodation | 46,421 | 46,421 | 49,655 | ||||
Deposits | – | 410,385 | 1,043,843 | ||||
Jetwing Air (Pvt) Ltd. | Loans and advances | 20,000 | – | – | |||
Off-balance sheet accommodation | 36,906 | 36,906 | 36,906 | ||||
Deposits | – | 193,697 | 87,343 | ||||
Jetwing Hotel Management Services (Pvt) Ltd. | Deposits | – | 126 | 127 | |||
Jetwing Events (Pvt) Ltd. | Off-balance sheet accommodation | – | 100 | ||||
Deposits | – | 17,652 | |||||
Allianz Insurance Lanka Ltd. | Loans and advances | – | 1 | – | |||
Off-balance sheet accommodation | – | – | 13,002 | ||||
Deposits | – | 69,392 | 197,351 | ||||
Go Vacation Lanka Co. (Pvt) Ltd. | Off-balance sheet accommodation | – | – | 100 | |||
Deposits | – | 4,046 | 11,012 | ||||
Allianz Life Insurance Ltd. | Deposits | – | 1,172 | 745 | |||
Yarl Hotels (Pvt) Ltd. | Deposits | – | 438 | 812 | |||
Jetwing Symphony Ltd. | Deposits | – | 425 | 488 | |||
Capital Alliance Holdings Ltd. | Deposits | – | 1,147 | 79 | |||
(e) | Mr L D Niyangoda | ||||||
A Baur & Company (Pvt) Ltd. | Loans and advances | Combined | 8,745,250 | 8,570,744 | 7,587,503 | ||
Off-balance sheet accommodation | Limits available | 5,890,000 | 3,864,218 | 2,923,910 | |||
Deposits | – | 7,754,799 | 7,628,927 | ||||
(f) | Mr T L B Hurulle | ||||||
Kanrich Finance Ltd. | Loans and advances | 11,565 | 9,322 | 9,678 | |||
Deposits | – | 3,612 | 9,247 |