May 21, 2018 8:10 AM 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

4,982 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 Approves Appointment of M/s. Ernst and Young as its Auditors

Commercial Bank of Ceylon PLC approved the appointment of M/s. Ernst and Young as the bank's auditors at its annual general meeting held on March 28, 2018.

Commercial Bank of Ceylon PLC Reports Audited Group and Bank Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017

Commercial Bank of Ceylon PLC reported audited group and bank earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the group reported gross income of LKR 31,365,122,000 compared to LKR 26,442,484,000 a year ago. Net interest income was LKR 10,923,642,000 compared to LKR 8,665,869,000 a year ago. Total operating income was LKR 14,256,613,000 compared to LKR 12,145,925,000 a year ago. Net operating income was LKR 13,649,743,000 compared to LKR 12,383,407,000 a year ago. Profit before income tax was LKR 6,874,242,000 compared to LKR 6,108,358,000 a year ago. Profit attributable to equity holders of the Bank was LKR 4,836,654,000 or LKR 5.05 per diluted share compared to LKR 4,306,747,000 or LKR 4.70 per diluted share a year ago. For the year, the group reported gross income of LKR 116,841,755,000 compared to LKR 93,725,535,000 a year ago. Net interest income was LKR 39,567,298,000 compared to LKR 33,128,276,000 a year ago. Total operating income was LKR 50,773,617,000 compared to LKR 44,398,250,000 a year ago. Net operating income was LKR 48,547,703,000 compared to LKR 42,814,924,000 a year ago. Profit before income tax was LKR 23,280,324,000 compared to LKR 20,114,584,000 a year ago. Profit attributable to equity holders of the Bank was LKR 16,605,963,000 or LKR 17.27 per diluted share compared to LKR 14,510,333,000 or LKR 15.77 per diluted share a year ago. Net cash used in operating activities was LKR 2,970,642,000 compared to net cash from operating activities of LKR 5,894,474,000 a year ago. Net purchase of property, plant and equipment was LKR 2,163,733,000 compared to LKR 1,501,070,000 a year ago. Net purchase of intangible assets was LKR 352,329,000 compared to LKR 422,175,000 a year ago. Return on assets (before tax) was 17.88% compared to 19.52% a year ago. For the quarter, the bank reported gross income of LKR 31,026,349,000 compared to LKR 26,274,847,000 a year ago. Net interest income was LKR 10,781,571,000 compared to LKR 8,568,524,000 a year ago. Total operating income was LKR 14,054,297,000 compared to LKR 12,098,463,000 a year ago. Net operating income was LKR 13,634,524,000 compared to LKR 12,372,277,000 a year ago. Profit before income tax was LKR 6,951,039,000 compared to LKR 6,164,077,000 a year ago. Profit for the period was LKR 4,906,557,000 or LKR 5.10 per diluted share compared to LKR 4,361,158,000 or LKR 4.80 per diluted share a year ago. For the year, the bank reported gross income of LKR 115,593,948,000 compared to LKR 93,142,610,000 a year ago. Net interest income was LKR 39,023,395,000 compared to LKR 32,823,603,000 a year ago. Total operating income was LKR 50,016,106,000 compared to LKR 44,100,501,000 a year ago. Net operating income was LKR 48,101,865,000 compared to LKR 42,570,687,000 a year ago. Profit before income tax was LKR 23,182,944,000 compared to LKR 20,051,183,000 a year ago. Profit for the period was LKR 16,581,244,000 or LKR 17.24 per diluted share compared to LKR 14,512,511,000 or LKR 15.77 per diluted share a year ago. Net cash used in operating activities was LKR 1,418,581,000 compared to net cash from operating activities of LKR 4,925,203,000 a year ago. Net purchase of property, plant and equipment was LKR 1,959,075,000 compared to LKR 1,369,729,000 a year ago. Net purchase of intangible assets was LKR 346,360,000 compared to LKR 340,351,000 a year ago.

Commercial Bank of Ceylon PLC Presents at India and South Asia Conference, Feb-26-2018 through Feb-28-2018

Commercial Bank of Ceylon PLC Presents at India and South Asia Conference, Feb-26-2018 through Feb-28-2018. Venue: Taj Lands End, Mumbai, Maharashtra, India. Presentation Date & Speakers: Feb-26-2018, Nandika Buddhipala, Chief Financial Officer, Sivakrishnarajah Renganathan, Chief Operating Officer and Executive Director. Feb-27-2018, Nandika Buddhipala, Chief Financial Officer, Sivakrishnarajah Renganathan, Chief Operating Officer and Executive Director.

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