Seylan Bank S The Case Learn , A Fine Example Of Financial Reporting

Creating an unique paradigm in financial reporting in Sri Lanka is the Seylan Bank's Annual Report for 2009. The handsome 253 page leather bound volume is dedicated to the Bank's stakeholders and takes a closer look at the extraordinary efforts that restored financial stability to Seylan Bank. The first copy of 'The Case Study' was recently formally presented to Governor regarding the Central Bank of Sri Lanka Mr. Ajith Nivard Cabraal by the Chairman regarding the Seylan Bank Mr. Says Chairman regarding the Seylan Bank Eastman Narangoda, Our goal within the Case Read is to tell this story - clearly and candidly, heartened that the crisis is behind us and that we can already spot to measurable signs of progress.

At the similar to time, some regarding the problems that sparked this dramatic event, most inside our Bank and within the wider market, have yet to be fully resolved. We shall examine those challenges as well, and the strategic system we have place in location to address them. Enriched with thought provoking illustrations and eye catching reproductions of trilingual magazine articles, the volume has already return in for critical acclaim like a fine documentation of one regarding the greatest controversial happenings in Sri Lanka's contemporary financial history. 'The Case Study' takes the reader through six principal chapters which lucidly outline the Seylan Bank's story, from its birth and growth to its fall and renaissance. Chapter 01 - 'Growth and Challenges' - From its founding in 1987, 'The Bank with a Heart' grew rapidly and managing that success became increasingly difficult.

Chapter 02 - 'A Crisis of Confidence' - In a general climate of uncertainty misunderstandings around the collapse of Golden Key Business triggered around Seylan Bank. Chapter 03 - 'Swift and Decisive Action' - The Central Bank steps in quickly, installing an unique board of directors to stabilize the business and apply corrective measures. Chapter 04 - 'Reassuring the Public' - The top priority regarding the Bank's new board was to restore confidence through forthright and transparent communications. Chapter 05 - 'Rebuilding the Business' - A series of practical steps within a systematic rethinking of policy in every region soon yielded measurable positive results. Chapter 06 - 'A Sound Future Strategy' - Guided by a comprehensive strategic plan, Seylan Bank is building a healthy, sustainable future for all stakeholders.

Adds Chairman Narangoda, Our purpose here is to share the lessons learnt and remedies applied, as we have worked to make the Seylan Bank more responsive and accountable to the wants of all stakeholders. Our sincere hope is that others shall benefit from seeing what was accomplished in a remarkably brief time, through the collective efforts of many dedicated individuals and institutions.