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ComBank makes strong start to 2021 with robust growth in fund-based operations May, 12, 2021 CASA ratio improves further to 45.26%, among best in industry Operating income up 21.73% to Rs 24.161 billion Impairment charges raised by 7.56% to Rs 7.156 billion Provision cover improves to 60.98%; net NPL ratio to 1.93% The Commercial Bank Group led by Sri Lanka’s benchmark private sector bank has generated strong growth in fund-based operations in the first quarter of 2021, with the continuing trend of interest expenses reducing at a significantly higher rate than interest income combined with judicious management of core banking operations. Comprising of Commercial Bank of Ceylon PLC, its subsidiaries and the associate, the Group reported a Gross income of Rs 40.905 billion for the three months ended 31 ....
History was revisited once again when the Commercial Bank of Ceylon returned to the original location of its Jaffna branch recently, resuming operations at an address where banking had taken place since the late 1930s. Completely rebuilt and designed and equipped for eco-friendly operations, the new Jaffna branch building at 474, Hospital Road, Jaffna, represents. ....
ComBank relocates Trinco branch at purpose-built eco-friendly building February, 3, 2021 Sustainability and salubrity were the operative words when the Trincomalee branch of the Commercial Bank of Ceylon relocated to a purpose-built eco-friendly building on land owned by the Bank in this scenic north eastern resort town this week. Built in conformity with sustainable construction principles that not only minimised environmental impacts during construction but will reduce the branch’s carbon footprint during operation, the new branch building is set in landscaped gardens that emphasise nature rather than the structure itself with a majority of the space conceded to the outdoors. Located at No 420, Court Road, Trincomalee, the two-storey edifice is fitted with rooftop solar panels that will generate a major percentage of the electricity required under a net-metering system; an overhead rainwater harvesting facility and its own sewage treatment plant that will recyc ....