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» SEYB.N0000 ( SEYLAN BANK PLC )
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyToday at 9:15 am by NIRMALSG

» ප්‍රතිඵලේ මොකක් උනත් ජ්යෝතිෂය සත්‍ය වෙන හැටි දැක්කද?
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyToday at 4:45 am by ruwan326

» Technology~විද්‍යාව ~ Wisdom
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyYesterday at 2:44 am by ruwan326

» ඇයි අප්සට් ද?
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Nov 16, 2019 12:27 pm by chutiputha

» ගෝඨාට ඉල්ලන්න බෑලු
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Nov 16, 2019 2:48 am by ruwan326

» සෞභාග්‍යතා දර්ශකයේ ඉහළ යාමක්
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Nov 15, 2019 9:24 am by nihal123

» Puolanka The most pessimistic town
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Nov 15, 2019 8:44 am by Backstage

» Dividend Announcement
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Nov 14, 2019 6:21 am by nihal123

» SAMP.N0000 (SAMPATH BANK PLC)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Nov 14, 2019 12:43 am by NIRMALSG

» අනං මනං! #/+?.<>
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyMon Nov 11, 2019 8:08 am by nihal123

» Thread for News on CSE and SL Economy
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyMon Nov 11, 2019 6:21 am by ruwan326

» ඇඟට නොදැනී ප්‍රතිඋත්තර දෙන හැටි
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Nov 10, 2019 3:07 pm by ruwan326

» What's 5G?
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Nov 09, 2019 10:44 am by Afourer

» ACL කේබල්ස් ට රුපියල් මිලියන 789 ක ඒරියල් බන්ඩල් සන්නායක කොන්ත්‍රාත්තුවක්
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Nov 09, 2019 3:20 am by කිත්සිරි ද සිල්වා

» ලාෆ් ගෑස් සමාඟමට එරෙහිව විනිමය කොමිසමෙන් නඩු
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Nov 08, 2019 10:35 pm by Rana

» CFVF - First Capital
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Nov 08, 2019 4:06 pm by hammurabi

» Hayleys MGT
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Nov 06, 2019 5:43 pm by seek

» Thought for the day...
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Nov 06, 2019 5:54 am by ruwan326

» මෑතකාලීන ආර්ථික ප්‍රවණතා: 2019 සුවිශේෂ සිදුවීම් සහ 2020 අපේක්ෂාවන්
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue Nov 05, 2019 8:52 am by nihal123

» DIPD.N0000 (Dipped Products)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Nov 03, 2019 4:43 pm by spw19721

» IMF approves disbursement of USD 164 million for Sri Lanka
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Nov 03, 2019 2:20 pm by Backstage

» Recent tax developments on residential condominium properties
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Nov 03, 2019 1:26 pm by Backstage

» Local Palm Oil Industry
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Nov 03, 2019 12:14 am by serene

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Nov 02, 2019 5:30 pm by hammurabi

» LPL.N0000
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Nov 01, 2019 4:05 pm by Admin

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Oct 27, 2019 4:38 pm by PANTOMATH

» දුක බෙදාගත් හැටි
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySun Oct 27, 2019 2:18 pm by serene

» මේ විදියට තව අවුරුදු 5ක් ගියොත් දකුණු ආසියාවේ දුප්පත්ම රට බවට ශ්‍රී ලංකාව පත්වේවි – මහාචාර්ය එච්.ඩී. කරුණාරත්න
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 25, 2019 6:01 pm by ruwan326

» KFP.N0000(Keels Food Products PLC)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 25, 2019 4:56 am by yellow knife

» CCS.N0000 ( Ceylon Cold Stores)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Oct 24, 2019 2:27 pm by dhanurrox

» RENUKA AGRI FOODS PLC ( RAL.N0000 )
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Oct 24, 2019 6:43 am by lanka

» Forex Trading කළොත් නඩු
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Oct 23, 2019 7:39 am by nihal123

» East West properties
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Oct 23, 2019 3:30 am by slstock

» Food and Beverages
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyMon Oct 21, 2019 4:24 am by කිත්සිරි ද සිල්වා

» Devolution of power, civil wars, altruism, nepotism in animal world
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 18, 2019 6:45 pm by Backstage

» RCL - Royal Ceramics
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyMon Oct 14, 2019 9:17 am by seek

» Performance of the Market-Weekly
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat Oct 12, 2019 12:59 am by ruwan326

» Confidence to boom after election – CBSL Governor
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 11, 2019 12:39 pm by Backstage

» Sri Lanka among top 20 rising stars of world trade
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 11, 2019 12:38 pm by Backstage

» CLND Not to miss
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Oct 10, 2019 5:54 am by ruwan326

» අපි නොදන්න ගීතයක කතාව
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Oct 04, 2019 8:25 am by nuwanmja

» මූඩීස් ප්‍රකාශය පිළිගන්න බැහැ – මහ බැංකුව කියයි
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Oct 02, 2019 3:16 am by nihal123

» ආර්ථික වර්ධනය 2.7% ට බසී
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue Oct 01, 2019 9:59 am by nihal123

» Ranil agrees to give Sajith candidacy - AdaDetana
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Sep 26, 2019 1:35 pm by mymoney

» Cracks in the Real Estate Sector
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Sep 26, 2019 11:14 am by chutiputha

» Films - To Watch List
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Sep 20, 2019 5:08 am by Topcat

» ෆිනෑන්ස් බලපත්‍රය අවලංගුයි. අද සිට මුදල් ව්‍යාපාර බැහැ
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri Sep 20, 2019 4:23 am by serene

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Sep 19, 2019 1:03 pm by nuwanmja

» Easter Sunday Attack and Sri Lanka
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu Sep 19, 2019 9:19 am by Ethical Trader

» Trading Journal
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed Sep 18, 2019 5:31 am by CK

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by yellow knife on Fri Mar 24, 2017 1:47 pm

Capital Adequacy ratios

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Post by CK on Fri Mar 24, 2017 2:01 pm

Thanks YK. These charts are very useful. Keep it up the good work.
CK
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Post by poor boy on Fri Mar 24, 2017 2:19 pm

there was a share split 1 for 2 in 2010. if we take that in to account above dividend chart may not appear flat .

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Post by First Guy on Fri Mar 24, 2017 2:35 pm

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty COMMERCIAL BANK- DIVIDEND ANNOUNCEMENTS

Post by Rana on Mon Oct 30, 2017 12:23 pm

COMMERCIAL BANK OF CEYLON PLC
Company ID:- COMB (Voting & Non-Voting)
Date of Announcement:- 30.Oct.2017
Rate of Dividend:- Rs. 1.50 per share / First Interim Dividend
Financial Year:- 2017
Shareholder Approval:- Not Required
XD:- 09.Nov.2017
Payment:- 20.Nov.2017

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by shalika.56 on Thu Oct 25, 2018 5:38 am

What is happening with COMB?

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Post by Brave Heart on Thu Oct 25, 2018 6:00 am

Have you noticed that anything is happening with COMB?

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Post by කිත්සිරි ද සිල්වා on Thu Oct 25, 2018 6:23 am

Tell us what?
(Looks like someone trying to spread a rumour. It was SAMP in the fore a few weeks ago). Shocked
Brave Heart wrote:Have you noticed that anything is happening with COMB?

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කිත්සිරි ද සිල්වා
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Post by The Invisible on Thu Oct 25, 2018 7:18 am

කිත්සිරි ද සිල්වා wrote:Tell us what?
(Looks like someone trying to spread a rumour. It was SAMP in the fore a few weeks ago). Shocked
Brave Heart wrote:Have you noticed that anything is happening with COMB?
බළල්ලු ලවා කොස් ඇට බාවන්න වගෙයි හදන්නේ....... Very Happy
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Post by කිත්සිරි ද සිල්වා on Thu Oct 25, 2018 7:25 am

Last week I heard the same sort of about SAMP.
When I visited there, instead of a" bank run ", the business was brisk and more than usual.
Many were interested to know about the 2 months FD (over 100,000) at the rate of 11%.
I smell fishy about this bank rumours and have a strong feeling that the Murder Looter Gang is behind this.

The Invisible wrote:
කිත්සිරි ද සිල්වා wrote:Tell us what?
(Looks like someone trying to spread a rumour. It was SAMP in the fore a few weeks ago). Shocked
Brave Heart wrote:Have you noticed that anything is happening with COMB?
බළල්ලු ලවා කොස් ඇට බාවන්න වගෙයි හදන්නේ....... Very Happy

_________________
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කිත්සිරි ද සිල්වා
කිත්සිරි ද සිල්වා
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Post by The Invisible on Thu Oct 25, 2018 7:42 am

කිත්සිරි ද සිල්වා wrote:Last week I heard the same sort of about SAMP.
When I visited there, instead of a" bank run ", the business was brisk and more than usual.
Many were interested to know about the 2 months FD (over 100,000) at the rate of 11%.
I smell fishy about this bank rumours and have a strong feeling that the Murder Looter Gang is behind this.

The Invisible wrote:
කිත්සිරි ද සිල්වා wrote:Tell us what?
(Looks like someone trying to spread a rumour. It was SAMP in the fore a few weeks ago). Shocked
Brave Heart wrote:Have you noticed that anything is happening with COMB?
බළල්ලු ලවා කොස් ඇට බාවන්න වගෙයි හදන්නේ....... Very Happy

I have the same feeling too and might be a part of a plot to regain the past glory
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Post by serene on Thu Oct 25, 2018 3:49 pm

කිත්සිරි ද සිල්වා wrote:Last week I heard the same sort of about SAMP.
When I visited there, instead of a" bank run ", the business was brisk and more than usual.
Many were interested to know about the 2 months FD (over 100,000) at the rate of 11%.
I smell fishy about this bank rumours and have a strong feeling that the Murder Looter Gang is behind this.

The Invisible wrote:
කිත්සිරි ද සිල්වා wrote:Tell us what?
(Looks like someone trying to spread a rumour. It was SAMP in the fore a few weeks ago). Shocked
Brave Heart wrote:Have you noticed that anything is happening with COMB?
බළල්ලු ලවා කොස් ඇට බාවන්න වගෙයි හදන්නේ....... Very Happy
Trust your instincts. Very Happy
BASIC INSTINCTS

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Post by PANTOMATH on Thu Oct 25, 2018 4:00 pm

serene wrote:
Trust your instincts. Very Happy
BASIC INSTINCTS

1 or 2 Very Happy
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Post by serene on Thu Oct 25, 2018 7:32 pm

PANTOMATH wrote:
serene wrote:
Trust your instincts. Very Happy
BASIC INSTINCTS

1 or 2 Very Happy

Both. Very Happy Laughing

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Post by Brave Heart on Fri Oct 26, 2018 3:30 am

serene wrote:
PANTOMATH wrote:
serene wrote:
Trust your instincts. Very Happy
BASIC INSTINCTS

1 or 2 Very Happy

Both. Very Happy Laughing
Wrong this is referring to part 3 which is in progress still

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Post by කිත්සිරි ද සිල්වා on Fri Oct 26, 2018 6:38 am

Was it a 2,000,000 shares (COMB) transaction short while ago?
Who bought it?
Any idea?

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කිත්සිරි ද සිල්වා
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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by shalika.56 on Wed Oct 31, 2018 10:09 am

What will be the Quarter results? Will it further move up?

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Post by කිත්සිරි ද සිල්වා on Thu Nov 01, 2018 7:20 am

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Post by PANTOMATH on Tue Nov 13, 2018 6:51 pm

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Good report
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Post by pjrngroup on Wed Nov 14, 2018 4:50 pm

Thanks Panto.

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Post by The Invisible on Fri Dec 21, 2018 5:11 am

Commercial Bank to raise Rs7.5bn through debenture issue

ECONOMYNEXT – Sri Lanka’s Commercial Bank of Ceylon said it plans to raise 7.5 billion rupees through a new debenture issue with an option to double the amount in the event of an oversubscription.

A statement said the bank will issue 75 million listed, unsecured, rated, redeemable subordinated Basel III compliant debentures at 100 rupees each with a non-viability conversion feature,making them hybrid instruments convertible into equity.
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The debentures, which will have a minimum tenure of five years and maximum tenure of 10 year, are subject to shareholder and regulatory aproval.
(Colombo/December 20/2018)
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Post by NIRMALSG on Wed Apr 03, 2019 1:47 am

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Apr 02, 2019 (LBO) – Fitch Ratings has assigned Commercial Bank of Ceylon’s proposed Basel III-compliant subordinated unsecured debentures an expected National Long-Term Rating of AA-(lka)(EXP).

The debentures will total up to 15 billion rupees, with maturities of five and 10 years, and carry fixed coupons.

The debentures will qualify as Basel III-compliant regulatory Tier 2 capital for the bank and include a non-viability clause, under which they would convert to ordinary shares if determined by the Monetary Board of Sri Lanka.

The debentures will be listed on the Colombo Stock Exchange and the bank plans to use the proceeds to support its loan book expansion, strengthen its Tier 2 capital base and reduce maturity gaps.

The final rating is subject to the receipt of final documentation conforming to information already received.

Key Rating Drivers

Fitch rates the proposed Tier 2 instruments one notch below CB’s National Long-Term Rating to reflect the notes’ subordinated status and higher loss-severity risks relative to senior unsecured instruments.

The notes would convert to equity upon the occurrence of a trigger event, as determined by the Monetary Board of Sri Lanka.

CB’s National Long-Term Rating is used as the anchor rating for the proposed instrument, as it reflects the bank’s standalone financial strength and best indicates the risk of the bank becoming non-viable.

Fitch has not applied additional notching to the proposed notes for non-performance risk, as the proposed notes do not have going-concern loss-absorption features, in line with the agency’s criteria.

CB’s National Long-Term Rating was last affirmed on 28 September 2018 and reflects its strong domestic franchise, stable earnings performance, and generally stable funding and liquidity profile.

Rating Sensitivities

The rating on CB’s proposed notes will move in tandem with its National Long-Term Rating.

Enhanced loss-absorption buffers could be positive for CB’s National Long-Term Rating. The bank’s rating could be downgraded on weakened loss-absorption buffers
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Post by NIRMALSG on Thu Apr 04, 2019 3:23 pm

Another very stable counter on banking sector with steady growth on net asserts value per share. Very Happy

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Sri Lanka's Commercial Bank's deposits surpass landmark Rs 1 Trillion in Q1 2019

Post by hammurabi on Thu May 16, 2019 4:30 pm

The Commercial Bank Group comprising of the Commercial Bank of Ceylon PLC, its subsidiaries and associates, has reported gross income of Rs 35.501 billion for the three months ended March 2019, an improvement of 12.86% over the first quarter of 2018.

Operating profit before impairment charges for the period represented an increase of 4.86% over the corresponding period of 2018. However, operating profit before taxes on financial services at Rs 6.804 billion reflected a negative growth of 5.11%, largely driven by an increase in impairment charges owing to rising non-performing loans and early recognition of impairment provisions as required by the expected credit loss method under SLFRS 9.

The higher impairment charges necessitated by the slowdown in key sectors of the economy, lower exchange profits resulting from translation losses on foreign exchange, and substantially higher taxation in the three months reviewed negatively impacted profits despite sound operational results reported by the Group.

The Group posted profit before income tax of Rs 5.019 billion and profit after income tax of Rs 3.191 billion in the first quarter of 2019 in a performance that reflects the impact of these external factors.

Further, an increase in the taxes on financial services primarily due to the introduction of Debt Repayment Levy (DRL) from 1st October 2018, which cost the Bank Rs 576.450 million, contributed to a decline in the pre-tax profit of the Group during the reviewed quarter by 14.86%to Rs. 5.019 billion and by 19.08% to Rs. 4.774 billion at Bank level.

The Group was also required to pay substantially higher income taxes in respect of the three months under the new tax regime introduced by the Government in 2018, which took away most of the tax concessions previously enjoyed by the banking industry. The income tax charge for the three months under review amounted to Rs 1.828 billion, reflecting an effective tax rate of 36.42% as opposed to 29.79% in the first quarter of 2018. Due to these factors, taxes on financial services and income tax accounted for 53.13% of the operating profit of the Group. Consequently, profit after tax for the Group reduced by 22.90% to Rs. 3.191 billion and by 27.23% to Rs. 3.023 billion at Bank level.

Commenting on the Bank's performance, the Commercial Bank Chairman Dharma Dheerasinghe said that he is happy to note that the confidence of valued customers has enabled the Bank to reach the milestone Rs 1 Trillion mark in deposits for the first time as anticipated. "However, the rate of taxation on banks continues to be a matter of concern, particularly in the context of the challenging external conditions affecting the industry. As a systemically important bank and as a responsible stakeholder of the economy, we need to focus on further increasing our capacity to support key sectors of the economy, and while the taxes we pay represent one form of support, there are many others including SMEs that need attention," he said.

The Bank's Managing Director/CEO S. Renganathan explained that the Bank has followed a more cautious approach in expanding its advances portfolio during these challenging economic conditions, which has contributed to a marginal decline in the loan book in comparison to 31st December 2018.He said this has contributed to a drop in net interest income and has also had a cascading effect on the Group's profit after tax. "Despite the decline in advances, I am happy to say that the Bank has continued to support the SME sector, as reflected in the satisfactory growth of this portfolio during the quarter," Mr Renganathan added.

He disclosed that in order to facilitate comparison of the figures of the quarter reviewed with those of the corresponding quarter, the figures of the first quarter of 2018 have been re-stated in line with the requirements of SLFRS 9 which was implemented from the fourth quarter of 2018.

The Group reported an interest income of Rs 31.977 billion for the three months reviewed, an increase of 13.87%, while interest expenses grew by a higher rate of 16.07% to Rs 19.857 billion due to the growth in deposits and the continuing shift to high cost time deposits. As a result, net interest income grew by a lower rate of 10.44% to Rs 12.120 billion.

Net fees and commission income totaled Rs 2.448 billion, reflecting a marginal increase of 0.06%, while gains or losses from trading, and gains or losses from de-recognition of financial assets recorded growths of 204.19% and 248.35%, respectively. However, net other operating income which includes exchange profit and investment income reflected a net loss of Rs 298.811 million due to translation losses on foreign exchange as a result of an appreciation of the Sri Lanka Rupee against the US dollar in the quarter under review as opposed to a translation gain reported in the first quarter of 2018 due to a depreciation of the Sri Lanka Rupee during that period.

The net operating income of the Group recorded a marginal increase of 3.54% to Rs 13.222 billion, while operating expenses increased by 14.64% to Rs 6.418 billion largely due to salary increments of staff and an increase in general expenses on maintaining the Bank's branches.

Total assets of the Group grew by Rs 23.465 billion or 1.78% to Rs 1.343 Trillion as at 31st March 2019, and reflected a YoY growth of Rs 112.655 billion or 9.15%.

Total loans & advances reduced by a marginal Rs 5.112 billion or 0.57% since end 2018 to Rs 892.844 billion at the end of the quarter reviewed. Loan book growth over the preceding 12 months amounted to Rs 88.493 billion reflecting a YoY growth of 11%.

Deposits grew by Rs 31.214 billion or 3.14% since 31st December 2018, to Rs 1.026 Trillion as at 31st March 2019. The growth of deposits over the preceding 12 months was Rs 112.441 billion or 12.31% YoY.

In other key indicators, the Bank's net assets value per share stood at Rs 116.04 at the end of the first quarter of 2019 despite an increase in shareholders' funds, as against Rs 117.15 at the end of 2018, mainly due to an increase in the number of shares during the first quarter of 2019 consequent to the scrip dividend declared as the final dividend for 2018. Return on assets (before tax) and return on equity stood at 1.48% and 10.32% respectively, as opposed to 2.09% and 15.56% for 2018.

The Bank's interest margin for the period under review however improved marginally to 3.68% from 3.67% recorded in 2018.

The Bank's gross NPL ratio increased to 4.14% as at 31st March 2019 from 3.24% at end December 2018, while its net NPL ratio increased from 1.71% to 2.47% for the same period

The Bank's Total Tier 1 capital ratio (with capital buffers) at 11.353% as at 31st March 2019 was comfortably above the minimum requirement of 10% which became effective from 1st January 2019 under Basel III while the Total Capital Ratio of 15.184% was well in excess of the Basel III minimum requirement of 14%.

The only Sri Lankan Bank to be ranked among the world's top 1000 banks for eight years consecutively, Commercial Bank operates a network of 266 branches and 830 ATMs in Sri Lanka. The Bank has won multiple international and local awards in 2016 and 2017 and over 40 international and local awards in 2018.

Commercial Bank's overseas operations encompass Bangladesh, where the Bank operates a further 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay PyiTaw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.

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Post by ruwan326 on Thu Jun 13, 2019 4:13 pm

Financial Performance- Period ended 31 March 2019

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