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Group Structure

Commercial
Development Co. PLC 		ONEzero Co. Ltd. Commex
Sri Lanka
S.R.L. – Italy 		Serendib Finance Ltd.* Commercial Bank of Maldives Private Limited CBC Myanmar Microfinance Company Limited Equity Investments
Lanka Ltd. 		Commercial Insurance
Brokers (Pvt) Ltd.
Company Profile
Relationship to
the Bank 		Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Associate Associate
Incorporated on March 14, 1980
in Sri Lanka 		February 17, 2003
in Sri Lanka 		December 02, 2008 in Italy February 18, 1987
in Sri Lanka 		March 24, 2015 in Maldives April 4, 2017
in Myanmar 		August 08, 1990
in Sri Lanka 		August 17, 1987
in Sri Lanka
Bank’s Holding 92.97% 100% 100% 100% 55% 100% 22.92% 18.59%
Principal Business
Activities 		Property Development Provision of IT Related Services Money Transfer and Money Exchange Leasing and Hire Purchase Financing Banking Microfinancing Venture Capital Financing Insurance Brokering
Business Address 4th floor,
No. 8-4/2,
York Arcade Building, Leyden Bastian Road,
Colombo 01. 		“Commercial House”,
No. 21,
Sir Razik Fareed Mawatha, Colombo 01. 		No. 34, Via Giacomo, Leopardi, Cap 00185 Rome, Italy. No. 187, Katugastota Road, Kandy. H Filigasdhoshuge, Ameer Ahmed Magu, Male 20066, Maldives. 42A, Pantra Street, Dagon Township, Yangon. 108 A, 2/1,
Maya Avenue,
Colombo 06. 		347, Dr Colvin R De
Silva Mawatha,
Colombo 02.
Contact Numbers 2447300 2430420 +39 06 48905707 081 2213498,
081 2200272 		+96 03332668 +95 1378975 5373745, 2507605-6 2447297, 2447299
Board of Directors
Chairman B R L Fernando Prof A K W Jayawardane K G D D Dheerasinghe K G D D Dheerasinghe Hussain Afeef K G D D Dheerasinghe M J C Amarasuriya M P Jayawardena
Managing
Director/CEO 		J Durairatnam E M P Edirisinghe D D J Rajapakse R C P Kalugamage A H M Riyaz R A M Seneviratne
Director A L Gooneratne K D N Buddhipala K D N Buddhipala Dr (Mrs) J P Kuruppu S Renganathan Mrs S A Walgama Deshamanya
S E Captain 		D M D K Thilakaratne
Director A T P Edirisinghe S C U Manatunga U K P Banduwansa S R Pushpakumara S C U Manatunga D J D P Hettiarachchi J D Peiris U I S Tillakawardana
Director L D A Jayasinghe Mrs S A Walgama Prof Francesco Bellini A N P Sooriyaarachchi U I S Thillakawardana J B Abu Baker S P S Ranatunga
Director U I S Tillakawardana K S A Gamage Dr Antonia Coppola Y S H R S Silva Adam Saleem W I Arambage
Director S Prabagar Dr Ibrahim Vishan L A Rajapakse
(Alternate Director)
Director H A Pieris
Director K C Vignarajah
Company Secretary L W P Indrajith M P Dharmasiri U K P Banduwansa R A P Rajapaksha Ms Fathmath Muaza Mrs R R Dunuwille Ms Y A Kularathna

Summary of Financial Information

2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016 2017 2016
Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn. Rs. Mn.
Total assets 2,753.384 2,364.676 138.209 104.734 94.969 41.853 5,273.422 5,242.565 9,509.824 5,682.531 64.512 N/A 300.376 308.341 303.564 273.856
Total liabilities 417.129 388.810 54.450 40.135 43.379 71.443 4,071.738 4,541.251 7,695.776 3,946.301 – N/A 10.119 8.949 70.557 60.394
Net assets 2,336.255 1,975.866 83.759 64.599 51.590 (29.590) 1,201.684 701.314 1,814.048 1,736.230 64.512 N/A 290.257 299.392 233.007 213.462
Total revenue 354.488 329.258 191.970 138.000 83.460 20.796 1,047.098 681.187 404.845 30.291 – N/A 21.050 28.000 251.923 232.302
Profit before tax 482.538 391.653 61.320 46.616 (3.005) (19.086) 0.118 83.064 46.485 (107.699) – N/A (6.111) 11.166 44.330 37.703
Profit after tax 426.780 326.441 44.274 33.209 17.702 (19.086) 2.603 29.056 32.984 (107.730) – N/A (6.716) 11.949 28.711 25.614
Dividend per share (Rs.) 5.00 5.00 50.00 50.00 – – 0.50 – – – – N/A – – 15.00 15.00

 

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