My Report
Integrated Report
Introduction and Overview
Group structure
Managing Director/Chief Executive Officer's and Chief Financial Officer's Statement of Responsibility
Next Section
Independent Assurance Report - Internal Control
Local subsidiaries |
Local associate |
Foreign subsidiaries |
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Commercial Development Company PLC |
CBC Tech Solutions Ltd |
CBC Finance Limited |
Commercial Insurance Brokers (Pvt) Ltd. |
Equity Investments Lanka Limited |
Commercial Bank of Maldives Private Limited |
CBC Myanmar Microfinance Company Limited |
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| Incorporated on | March 14, 1980 in Sri Lanka |
February 17, 2003 in Sri Lanka |
February 18, 1987 in Sri Lanka |
August 17, 1987 in Sri Lanka |
August 8, 1990 in Sri Lanka |
March 24, 2015 in Maldives |
April 4, 2017 in Myanmar |
Incorporated on |
| Bank’s holding |  90% |
 100% |
100% |
 60% |
 22.92% |
 55% |
100% |
Bank’s holding |
| Principal business activities | Property development and provision of other utility services | Providing Information & Communication Technology (ICT) related products, services and solutions to corporate sector | Granting of leasing & hire purchase facilities, mortgage loans and other loan facilities. Accepting public deposits | Insurance Brokering | Venture Capital Financing | Banking | Microfinancing | Principal business activities |
| 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. 187, Katugastota Road, Kandy. | No. 347, Dr Colvin R De Silva Mawatha, Colombo 02. | No. 108 A, 2/1, Maya Avenue, Colombo 06. | H. Filigasdhoshuge, Ameer Ahmed Magu, K. Male 20066, Maldives. |
No. 15, Office Street, Ward 4, Lewe Township, Nay Pyi Taw, Myanmar. | Business address |
| Contact numbers | +94 11 244 7300 | +94 11 257 4417 | +94 81 220 0272 +94 81 221 3498 | +94 11 760 0600 | +94 11 250 7605 +94 11 250 7606 | +96 0333 2668 | +95 67 80 30566 | Contact numbers |
| Board of Directors | Board of Directors | |||||||
| Chairman | A L Gooneratne | R Senanayake | S Muhseen | M P Jayawardena | M J C Amarasuriya | Ahmed Nazeer | K G D D Dheerasinghe ** | Chairman |
| Managing Director/ Chief Executive Officer |
P K A S K Gunawardhana | G A J C S Fernando | P Dodangoda | E B Sooriyaarachchi | W D A Rodrigo | Managing Director/ Chief Executive Officer |
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| Chief Executive Officer | K Basnayake * | N P Gunatunge * | M G N Dharmasiri * | A H M Riyaz * | Chief Executive Officer | |||
| Director | S C U Manatunge | K D N Buddhipala | S M S C Jayasuriya | D M D K Thilakaratne | Deshamanya S E Captain | S C U Manatunge | S Prabagar ** | Director |
| Director | U I S Tillakawardana | K S A Gamage | D M D S S Bandara | U I S Tillakawardana | J D Peiris | S Prabagar | D J D P Hettiarachchi | Director |
| Director | Dr R A Attalage | N I Senaratna | L H Munasinghe | W M N S K Weerapana | J B Abu Baker | U I S Tillakawardana | G Sivasubramaniam | Director |
| Director | P L P Withana | M P Dharmasiri | D J D P Hettiarachchi | W I Arambage | Dr Ibrahim Vishan | Director | ||
| Director | N Abeysuriya | S C De S Wickremasekera | L W P Indrajith | M H Wijewaradene | Ms Fareeha Shareef | Director | ||
| Director | Ms Aishath Zahira | Director | ||||||
| Director | J A D J C Nanayakkara | Director | ||||||
| Company Secretary | L W P Indrajith | M P Dharmasiri | Ms H D U O Gunasekara | Ms Y A Kularathna | Mrs R R Dunuwille | Ms Aminath Nashadil | W D A Rodrigo | Company Secretary |
(*) Not a Board Member
(**) Resigned w.e.f. December 31, 2024
Summary of financial information
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2024
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2023
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2023
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2023
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| Total assets | 4,909.396 | 4,326.289 | 930.297 | 882.140 | 16,860.915 | 12,457.318 | 834.133 | 815.258 | 226.766 | 228.063 | 74,531.037 | 68,306.425 | 591.917 | 717.423 | Total assets |
| Additions to property, plant and equipment | 0.571 | 0.045 | 218.274 | 7.162 | 106.855 | 117.057 | 0.539 | 1.729 | 0.540 | 0.042 | 92.425 | 81.378 | 24.325 | 18.455 | Additions to property, plant and equipment |
| Total liabilities | 786.381 | 704.817 | 459.044 | 470.910 | 13,801.332 | 9,481.425 | 202.454 | 198.906 | 6.902 | 8.558 | 65,120.648 | 59,267.392 | 406.323 | 370.828 | Total liabilities |
| Net assets | 4,123.015 | 3,621.471 | 471.253 | 411.230 | 3,059.583 | 2,975.893 | 631.679 | 616.351 | 219.864 | 219.505 | 9,410.389 | 9,039.033 | 185.594 | 346.595 | Net assets |
| Total revenue | 708.259 | 687.511 | 1,168.502 | 812.547 | 2,661.367 | 1,991.470 | 220.080 | 172.236 | 28.416 | 49.952 | 4,598.108 | 4,057.234 | 117.902 | 156.575 | Total revenue |
| Profit/(loss) before tax | 829.055 | 461.977 | 102.105 | 228.546 | 157.664 | (320.605) | 66.587 | 65.525 | (2.008) | 15.248 | 1,703.207 | 2,170.599 | (4.198) | (24.299) | Profit/(loss) before tax |
| Profit/(loss) after tax | 582.623 | 294.060 | 62.358 | 173.573 | 81.541 | (225.178) | 45.192 | 43.800 | (2.008) | 15.248 | 1,275.633 | 1,658.421 | 2.308 | (24.022) | Profit/(loss) after tax |
| Dividend per share (Rs.) | 7.00 | 7.00 | – | 600.00 | – | – | 50.00 | 25.00 | – | – | – | – | – | – | Dividend per share (Rs.) |