CDB.N0000 (Citizens Development Business Finance PLC)

[yellow knifeTop contributor]

I am yet to analyze the financial data of this company...There were very good discussion about this company by good members here.

I visited the Head Office of this institute and was so impressed that I could not resist writing  a little bit about what I felt.


I viewed the building from the Artists view ( I am of course and artist ) and my first notice was the steps at the entrance. In today's context to get CoC from CMC there should be a disabled access . Almost all the buildings that I have entered there is a separate ramp to ensure disabled access. Yet this building was designed in such a manner where the steps and ramp combined in such a beautiful manner . I would say that is a very good example for young architects..

Double height wall was decorated with 77 masks which also makes an artist to patiently admire the design . I learnt that these masks were of real men who were behind building the head office.


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Visitors chairs were having only one arm rest which enable them to be combined and to create one single sitting unit easily.

Whole parking area was clearly marked and spotless clean. BCP must be in perfect shape as fire marshals photos were displayed with contact numbers.


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I don't hold any single share of this company at this moment...

[BackstageTop contributor]

Thanks YK. Btw what is your art medium ?

The gap between N and X has narrowed quite some.

[RanaTop contributor]

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[ruwan326]

Sri Lanka central bank asks CDB to restrict dividends

Aug 01, 2019 

Sri Lanka's Citizens Development Business Finance Plc (CDB) has been asked to stop paying dividends for the next two years by the Central Bank, which regulates non-bank lenders.

 
The central bank had asked CDB to leave out the 'fair value' of its holding of Ceylinco Insurance Plc, shares when calculating capital adequacy.
 
On July 26, the regulator has given time to write down the holding in three annual tranches.
 
Dividend payments had been restricted until the relaxation of the rule is in effect.
 
CDB has 663,624 shares of Ceylinco Insurance or 3.1 percent of the firm with a market value of over a billion rupees, which had cost about 240 million rupees. 

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[sereneTop contributor]

Oooops...
Thanks Ruwan .