Commercial Bank of Ceylon Plc
178.50
LKR
-0.50
(-0.28%)
Commercial Bank of Ceylon Plc
CSELK:COMB.X0000
(Colombo Stock Exchange)
Recent
price
178.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Commercial Bank of Ceylon PLC is a Sri Lanka-based financial institution engaged in the provision of commercial banking, retail banking, corporate and investment banking, treasury, and Islamic banking services. Founded in 1969 and headquartered in Colombo, Sri Lanka, the bank serves individuals, small and medium-sized enterprises (SMEs), large corporate entities, and institutional clients across Sri Lanka and internationally in Bangladesh, Myanmar, the Maldives, and Italy. The bank operates through primary business segments consisting of Personal Banking, Corporate Banking, Treasury Operations, and International Operations. Its personal banking portfolio provides savings deposit accounts, including Arunalu children accounts, Anagi women accounts, and senior citizen accounts; current accounts; fixed term and foreign currency deposits; residential mortgage loans, personal loans, and vehicle leasing; credit, debit, and prepaid card programs; and inward remittance services. In corporate and SME banking, the company offers short-term working capital finance; medium- and long-term project loans; syndicated lending facilities; trade finance services, including letters of credit, documentary collections, shipping guarantees, and pre- and post-shipment export financing; cash management solutions; merchant acquiring and point-of-sale services; and agricultural and microfinance lending. Through its specialized Islamic banking unit, An-Najah, the bank delivers Sharia-compliant deposit schemes and financing structures, including Murabaha, Ijarah, and Diminishing Musharakah. The treasury division provides foreign exchange spot and forward trading; money market operations; government treasury bill and bond trading; interest rate derivatives; and structured asset-liability management solutions. The bank also delivers electronic banking channels comprising the ComBank Digital platform; the Flash digital bank account; and the Q+ Payment App. Subsidiaries and operating entities include CBC Finance Limited, CBC Tech Solutions Limited, Commercial Development Company PLC, CBC Myanmar Microfinance Company Limited, and Commex Sri Lanka S.R.L., alongside an extensive commercial banking branch network in Bangladesh. In recent developments, Commercial Bank of Ceylon PLC has expanded its strategic alliances and sustainable financing initiatives through partnerships with multilateral lenders, including the International Finance Corporation and the Asian Development Bank, securing targeted credit facilities and risk-sharing programs for climate financing, green energy investments, and SME capacity building. The bank executed capital enhancement programs through rights and debenture issuances to bolster its Tier 1 and Tier 2 capital adequacy ratios in accordance with Basel III requirements. Operationally, the institution has advanced its digital transformation through major upgrades to its ComBank Digital platform, the deployment of enhanced artificial intelligence-driven advisory and security capabilities, the nationwide expansion of interoperable QR code payment networks, and the introduction of automated remittance corridors to capture formal worker remittances across the Middle East, Europe, and Asia. Additionally, the bank continues to broaden its regional corporate presence by scaling up trade finance and foreign exchange services across its Bangladesh operations.