Powered by SLT’s state-of-the-art communication facilities NSB expects to network the Head Office, 111 branches, 18 ATM machines and 08 saving centers within a virtual private network. The IP-VPN Solution (Internet Protocol Virtual Private Network) deployed is capable of carrying voice and mission critical data reliably and in a cost effective manner while ensuring information is shared in a secure environment.  

Mr. Upali Gunaratne, Chairman of NSB stated "As a bank that is in charge of encouraging, promoting and developing the banking sector to provide adequate, efficient and attractive banking services, we need the backing of state-of-the-art technology. SLT Intelligent Solutions has enhanced our productivity and service efficiency and affected our overall performance".    

In addition to the main connectivity on IP-VPN, all branch sites will be provided with back up systems allowing the country-wide branch & ATM network of NSB to have access to a centralized IT network at any given time. NSB This IP-VPN solution would allow country-wide branch & ATM network of NSB to have access to a centralized IT network at any given time which will enable them to communicate with each other and the head office via phone (voice), video Conferencing, or data (email, internet) at a minimal cost. SLT’s communication solution will gear NSB bank to open branch offices in any remote area in the future and still be able to offer the same level of efficient service offered by any of the more metropolitan bank branches. NSB has always been a very proactive player in the Banking Arena competeting against younger banks more and more aggressively, SLT’s technology is projected to give them an edge through cost savings from efficient inter-branch communication and increased productivity resulting from cost-effective real-time communication.  

SLTs IP VPN technology will deliver both network cost savings through enhanced internal communication and real business benefits. This will also enable further customer satisfaction for NSB through quick transactions, prompt settlements and less time wasted on paper work. The investment of the proposed design will also be scalable for future multimedia services such as video conferencing, e-learning, video streaming etc. and high speed broadband Ethernet connectivity.  

SLT CEO Shuhei Anan said “National Savings Bank is a long term client of SLT and this solution will produce desired cost savings while maintaining the required network security and remote access. This will in turn support NSB’s future expansion, Branches, ATMs & Savings centers.” He further remarked that SLT has serviced many financial institutions of which over 95% had great success with SLT solutions.  

Sri Lanka Telecom (www.slt.lk) is one of the country’s most valuable blue chip companies with an annual turnover in excess of US $ 300.0 million. NTT Communications Corporation of Japan owns a 35.2% stake in Sri Lanka Telecom Limited (SLT) while 49.2% is owned by the Government of Sri Lanka and 15.3% is listed on the Colombo Stock Exchange.

The Company has a customer base of over 1.5 million including multinational corporations, large and small corporate, retail and domestic customers.  Today with NTT of Japan as a strategic partner, SLT provides facilities and services to its customers, which are unmatched in scope. These services range from domestic and international voice, advance data transmission services which include internet services on leased lines, broadband [on ADSL] and dial up, data circuits, frame relay solutions to IP based services such as IP-VPN, total corporate solutions, satellite uplink services and mobile telephony through the fully owned subsidiary Mobitel. With a view to making Sri Lanka a broadband island, SLT is in the process of introducing the necessary infrastructure in the form of NGN networks using fibre backbone and broadband services such as IMS, IPTV etc.   SLT also provides high speed global connectivity to countries in the South Asian Region through its investments in international submarine cables such as SMW3, SMW4 and the India/Sri Lanka Bharat Lanka cable.  The proposed submarine link between SLT and Dhirragu will also extend cable connectivity to the Maldive Islands. 

The company was also awarded an AAA (sri) rating by Fitch Ratings Lanka followed by a BB- international rating by Fitch International and Standard & Poor’s.