May 24, 2017 5:41 PM ET

Banks

Company Overview of Commercial Bank of Ceylon PLC

Company Overview

Commercial Bank of Ceylon PLC provides various banking products and services in Sri Lanka and Bangladesh. It operates through five segments: Personal Banking, Corporate Banking, International Operations, Investment Banking, and Dealing and Treasury. The company offers current and savings accounts, fixed and call deposits, money market accounts, foreign currency accounts, treasury bonds and bills, pensions plans, and credit and debit cards. It also provides loan products, including home, personal, gold, pre shipment, import demand, pledge, short and long term, development, agriculture, and industrial loans, as well as syndicated and project financing, hire purchase, rural credit, overdrafts, ...

Commercial House

No. 21, Sir Razik Fareed Mawatha

PO Box 856

Colombo,  1

Sri Lanka

Founded in 1920

4,987 Employees

Phone:

94 11 248 6000

Fax:

94 11 244 9889

Key Executives for Commercial Bank of Ceylon PLC

Commercial Bank of Ceylon PLC does not have any Key Executives recorded.

Commercial Bank of Ceylon PLC Key Developments

Commercial Bank of Ceylon PLC Announces Unaudited Group and Company Earnings Results for the First Quarter Ended March 31, 2017; Reports Group and Company Impairment for the First Quarter Ended March 31, 2017

Commercial Bank of Ceylon PLC announced unaudited group and company earnings results for the first quarter ended March 31, 2017. For the quarter, the group reported net interest income of LKR 8,786,753,000 against LKR 8,173,279,000 a year ago. Total operating income was LKR 11,693,443,000 against LKR 11,065,318,000 a year ago. Net operating income was LKR 11,441,564,000 against LKR 10,064,977,000 a year ago. Profit before income tax income was LKR 5,306,793,000 against LKR 4,640,012,000 a year ago. Profit attributable to equity holders of the bank was LKR 3,819,907,000 or LKR 4.28 per basic and diluted share against LKR 3,262,485,000 or LKR 3.72 per basic and diluted share a year ago. Net cash from operating activities was LKR 763,585,000 against LKR 736,695,000 a year ago. Net purchase of property, plant & equipment was LKR 309,697,000 against LKR 371,744,000 a year ago. Net purchase of intangible assets was LKR 54,910,000 against LKR 25,849,000 a year ago. For the quarter, the company reported net interest income of LKR 8,661,388,000 against LKR 8,112,925,000 a year ago. Total operating income was LKR 11,531,019,000 against LKR 10,978,536,000 a year ago. Net operating income was LKR 11,289,341,000 against LKR 9,983,461,000 a year ago. Profit before income tax income was LKR 5,221,777,000 against LKR 4,579,473,000 a year ago. Profit attributable to equity holders of the bank was LKR 3,775,392,000 or LKR 3.69 per basic and diluted share against LKR 3,234,315,000 or LKR 14.63 per diluted share a year ago. Net cash from operating activities was LKR 1,557,454,000 against LKR 949,088,000 a year ago. Net purchase of property, plant & equipment was LKR 296,661,000 against LKR 365,474,000 a year ago. Net purchase of intangible assets was LKR 43,890,000 against LKR 24,584,000 a year ago. Return on assets before tax was 2.06%. Return on equity was 19.37%. The company reported group and company impairment for the first quarter ended March 31, 2017. For the quarter, on group basis, the company reported individual impairment of LKR 99,708,000, and collective impairment of LKR 203,646,000. For the quarter, on company basis, the company reported individual impairment of LKR 99,708,000, and collective impairment of LKR 184,236,000.

Commercial Bank of Ceylon PLC, Board Meeting, Mar 06, 2017

Commercial Bank of Ceylon PLC, Board Meeting, Mar 06, 2017. Agenda: To recommend to the shareholders of the bank a right issue of shares.

Commercial Bank of Ceylon plc Appoints Mr. K Sripavan as Non-Executive Independent Director

Mr. K Sripavan has been appointed to the board of Commercial Bank of Ceylon PLC as Non-Executive Independent Director with effect from April 26, 2017 and he does not have any relevant interest in shares of the bank as specified in the listing rules.

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Recent Private Companies Transactions

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