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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyToday at 8:27 pm by ruwan326

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» Future of Tea Industry
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» Cricket !
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» DIPD.N0000 (Dipped Products)
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» Access Engineering AEL Technical Analysis
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» DOCK.N0000 (COLOMBO DOCKYARD PLC)
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»  Rajgama heroes !
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» මිල සූත්‍රය වැරදුණාද, වැරැද්දුවාද?
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» First capital holdings
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» Happy Father's Day !
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» DPL.N0000 (Dankotuwa Porcelain PLC)
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» Re: Financial reports Q1-2019
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» SEYB.N0000 ( SEYLAN BANK PLC )
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» NTB.N0000 (NATIONS TRUST BANK PLC)
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» HDFC.N0000 (HOUSING DEVELOPMENT FINANCE CORPORATION BANK OF SRI LANKA)
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» DFCC.N0000 ( DFCC BANK PLC )
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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» අනං මනං! #/+?.<>
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» Should CSE be like this? Whose FAULT is it?
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» CCS.N0000 ( Ceylon Cold Stores)
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» MCPL.N0000
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» Tourism sector
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» LOFC Initiating Coverage - STRONG BUY - 29 03 17 - FC Research
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» Easter Sunday Attack and Sri Lanka
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» In the Meantime, Within Our Shores !
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» What to Analyse
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» Tolerance at its Best !
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» විශ‍්‍රාම ගැන්වීමේ වයස් සීමාව ඉහළ දැමීමට මහ බැංකුවෙන් යෝජනාවක්
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
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» Sri Lanka at Cross Roads: Time to Learn, Unlearn and Relearn - Prof Rohan Gunaratna
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» Songs to listen
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri May 24, 2019 11:26 am by yellow knife

» Dhammika Perera non-committal on common candidate speculation
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyThu May 23, 2019 2:54 pm by කිත්සිරි ද සිල්වා

» Films - To Watch List
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» Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue May 21, 2019 2:06 pm by Ethical Trader

» Presidential poll between 15 Nov-7 Dec
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue May 21, 2019 11:31 am by bjmd

» Flying is the Safest mode of Transport
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue May 21, 2019 7:07 am by කිත්සිරි ද සිල්වා

» My Port Folio Bleeding But Its just the Begining Of..
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptySat May 18, 2019 7:40 pm by serene

» Sri Lanka mulls 25-pct ownership limit in finance companies
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri May 17, 2019 3:40 pm by Backstage

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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri May 17, 2019 2:43 pm by Backstage

» Israeli spyware breached WhatsApp security
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 EmptyFri May 10, 2019 7:15 pm by Backstage

June 2019
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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

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Post by yellow knife on Fri Mar 24, 2017 6:17 pm

Capital Adequacy ratios

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Post by CK on Fri Mar 24, 2017 6:31 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 6:49 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 7:05 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 4:53 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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Post by shalika.56 on Thu Oct 25, 2018 9:08 am

What is happening with COMB?

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Post by Brave Heart on Thu Oct 25, 2018 9:30 am

Have you noticed that anything is happening with COMB?

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Post by කිත්සිරි ද සිල්වා on Thu Oct 25, 2018 9:53 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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Post by The Invisible on Thu Oct 25, 2018 10:48 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 10:55 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
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Post by The Invisible on Thu Oct 25, 2018 11:12 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 7:19 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 7:30 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 11:02 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 7:00 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 10:08 am

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

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Post by shalika.56 on Wed Oct 31, 2018 2:39 pm

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 11:50 am

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කිත්සිරි ද සිල්වා
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Post by PANTOMATH on Tue Nov 13, 2018 11:21 pm

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Good report
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Post by pjrngroup on Wed Nov 14, 2018 9:20 pm

Thanks Panto.

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Post by The Invisible on Fri Dec 21, 2018 9:41 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.
.
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)
The Invisible
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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by NIRMALSG on Wed Apr 03, 2019 5:17 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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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by NIRMALSG on Thu Apr 04, 2019 6:53 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 8:00 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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COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC ) - Page 2 Empty Re: COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )

Post by ruwan326 on Thu Jun 13, 2019 7:43 pm

Financial Performance- Period ended 31 March 2019

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