The Commercial Bank Group has ended 2021 with gross income of Rs 163.675 billion, an improvement of 7.70%, with interest income accounting for more than 80% of the top line in a year of mixed fortunes. The Group, comprising the Commercial Bank of Ceylon PLC – Sri Lanka’s largest private sector bank – its subsidiaries […]
Property Development PLC (PDL), the Bank of Ceylon (BOC) subsidiary owning its headquarters building in once again attempting to delist from the Colombo Stock Exchange offering its minority shareholders Rs. 183 per share – a substantial increase from the previous Rs. 130 price offered five years ago. BOC is the predominant shareholder of PDL owning […]
Net interest income up 30.56% to Rs 66.416 billion Bank’s CASA ratio strengthens further to 47.83%, an industry benchmark Bank’s Cost to Income Ratio (excluding VAT on Financial Services) improves to 31.61% from 33.95% at end 2020 and 38.51% at end 2019 Total taxes increased to Rs 14.512 billion Impairment charges increased by 17.37% to […]
Commercial Bank Bangladesh, Commercial Bank of Ceylon’s largest overseas operation, has been adjudged the ‘Most Sustainable Bank in Bangladesh’ at the close of 2021, during which the Bank was named ‘Best Foreign Bank in Bangladesh’ by two independent bodies and retained its ‘AAA’ credit rating. The ‘Most Sustainable Bank in Bangladesh’ award was presented at […]
The Commercial Bank of Ceylon PLC was declared Sri Lanka’s ‘Best Corporate Citizen’ in 2021 by the Ceylon Chamber of Commerce (CCC) on Tuesday night, achieving the pinnacle of recognition for sustainability and good corporate citizenship in the country’s corporate sector. The coveted ‘Best Corporate Citizen Sustainability Award 2021’ was presented to Sri Lanka’s benchmark […]