Composition

The Credit Approval Committee of the Board of Directors presently consists of four Independent Non-Executive Directors.

The Committee was reconstituted on 1 February 2026, with N K G K Nemmawatta and I A Wickramasinghe (Independent Non-Executive Directors) joining as members. J Durairatnam, an Independent Non-Executive Director, serves as the Chairman of the Committee, with Ms A L Thambiayah, an Independent Non-Executive Director, as the other member. N K G K Nemmawatta (Independent Non-Executive Director) functioned as a member of the Committee until 17 December 2025 and Ms L K A H Fernando (Independent Non-Executive Director) functioned as a member of the Committee from 18 December 2025 to 31 January 2026.

The Company Secretary functions as the Secretary of the Committee.

Mandate

The Committee carried out the tasks set out in the Terms of Reference approved by the Board. The primary purpose of the Committee is to review and where appropriate recommend or approve credit facilities which require approval above the delegated authority limit of the Management Credit Committee of the Bank.

Procedure

The Committee normally meets at least once a month and as and when required. The Committee invites the relevant officers to these meetings to clarify issues and for discussion relating to proposals that are submitted for review and also guides the Management in improving the credit policies, procedures and on process improvements for monitoring and recovery action.

Meetings

The Committee held twelve meetings during the financial year to carry out its task. The attendance by members is given on page 215 of the Annual Report. The proceedings of the Committee meetings have been regularly reported to the Board of Directors. Credit facilities recommended by the Committee were submitted to the monthly meeting of the Board for approval.

J Durairatnam
ChairmanCredit Approval Committee

24 February 2026