Commercial Bank of Ceylon

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Commercial Bank of Ceylon PLC
TypePublic limited company
CSE: COMB.N0000
IndustryFinance
Founded1920; 101 years ago (1920) [1]
HeadquartersColombo, Sri Lanka
Number of locations
Increase 287 branches (865 ATMs)(2019)[2]
Area served
Sri Lanka
Bangladesh
Maldives
Myanmar
Italy
Key people
K G D D Dheerasinghe (Chairman)
M P Jayawardena (Deputy Chairman)
S.Renganathan (CEO)
RevenueIncrease US$ 830.07 million (2019)[2]
Decrease US$ 166.46 million (2019)[2]
Decrease US$ 95.93 million (2019)[2]
Total assetsIncrease US$ 7.75 billion (2019)[2]
Total equityIncrease US$ 748.97 million (2019)[2]
OwnerCitigroup (13.15%)
Employees' Provident Fund (7.78%)
Deutsche Bank (5.52%)
Number of employees
Increase 5,062(2019)[2]
SubsidiariesCommercial Bank of Bangladesh

Commercial Bank of Maldives BC Tech Solutions Ltd. Commex Sri Lanka s.r.l – Italy

Commercial Development Company PLC

Commercial Bank of Ceylon PLC (CBC) is a commercial bank in Sri Lanka.

In 2004, CBC acquired Credit Agricole Indosuez's two branches in Bangladesh at Dhaka and Chittagong to become the first Sri Lankan private bank to establish operations outside the country.[3] (Banque Indosuez had opened its branches in Bangladesh in 1980.) Also in 2003, the IFC bought 15% of the bank's share capital from Sri Lanka Insurance Corporation.[4]

References[]

  1. ^ "Savings Sri Lanka - Internet Banking - Commercial Bank Sri Lanka". combank.lk.
  2. ^ Jump up to: a b c d e f g "Commercial Bank Annual Reports 2019" (PDF). Commercial Bank. Commercial Bank. 31 January 2020. Retrieved 31 January 2020.
  3. ^ "inner.gif". www.island.lk. Retrieved 28 July 2016.
  4. ^ IFC makes strategic investment in Commercial Bank Archived 28 July 2003 at the Wayback Machine Daily News, 2003-03-11

Sources[]

  • Green, E., and S. Kinsey. 1999. The Paradise Bank (Aldershot: Ashgate).

External links[]

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