Commercial Bank of Ceylon PLC

	Figures
Figure No.	Description	Page No. of the printed Annual Report
1	Building blocks of our 12th Integrated Annual Report	6
2	Double materiality	7
3	Integrated thinking for sustainable value creation	9
4	Qualitative criteria used in the production of the Annual Report	10
5	Guiding principles, regulations, codes and acts for financial and narrative reporting	11
6	Transcending mediums	12
7	Organisational overview	13
8	World economic outlook projections (% change)	55
9	Key macro events 2024	57
10	Key economic strategies of the Government	57
11	Our key stakeholders	62
12	Our Stakeholder engagement process	63
13	Mode and frequency of stakeholder engagement	64
14	Double materiality matrix	67
15	Bank’s sustainability framework	72
16	Business model	74
17	Creating enduring value for all stakeholders	84
18	Commercial Bank’s sustainability journey	85
19	Elements of Sustainable Banking	86
20	Driving socio-economic upliftment through strategic credit allocation	90
21	Driving sustainability through green financing	91
22	Strategic diversification for risk mitigation and growth	91
23	Expanding regional presence through cross-border financing	92
24	Embedding ESMS in lending practices	98
25	Network of delivery points in Sri Lanka	102
26	Network of delivery points in Bangladesh	103
27	Financial Inclusion and Skill Development Programmes during 2024	109
28	Composition of the green finance portfolio as at December 31, 2024	110
29	Commercial Bank’s green financing journey	111
30	Digitising the Business Banking experience	116
31	Fostering ethical governance and sustainable practices	120
32	Elements of Responsible Organisation	121
33	Climate position statement of Commercial Bank of Ceylon PLC	123
34	Core focus areas of the climate transition plan	123
35	“Best Sustainable Branch and Department of the year” Award	127
36	The role of the “Future Force” members	133
37	Empowering Lives and Creating Shared Value	137
38	Elements of Community Engagement	138
39	Corporate social responsibility initiatives of the CSR Trust	140
40	Total Fund Allocation	141
41	Aligning the Bank’s sustainability pillars with those of the CBSL pillars and UN SDGs	151
42	Modes of engagement with Investors	176
43	Key regulatory requirements, voluntary codes, and elements of Corporate Governance Framework	195
44	Governance structure	197
45	Composition of the Board and attendance at meetings	199
46	Composition of the Board as at December 31, 2024	199
47	Executive Management Committees	201
48	Board highlights for year 2024	204
49	Three lines of defense	258
50	Risk governance structure	259
51	Risk management framework	261
52	Summary of key Risks	262
53	Principal business activities, nature of operations of the Group and ownership by the Bank in its subsidiaries and associate - Group Structure	307
54	Types of risk	312
55	Bank’s risk management framework	313

	Tables
Table No.	Description	Page No. of the printed Annual Report
1	Business value and market share	13
2	Financial Highlights	24
3	Non-financial Highlights	25
4	World Economic Outlook, projections (% change)	55
5	CBC’s performance compared to the Banking sector	61
6	Material matters – holistic view	68
7	Statement of capital position	76
8	Regulatory capital ratios	87
9	Customer segmentation	93
10	Channel mix and target market on perceived customer preference	93
11	Customer Experience Performance Statistics	94
12	Digital Penetration	115
13	Investments in IT Infrastructure	116
14	Migration to Digital Channels	116
15	Power generated through renewable sources	124
16	Utility power consumption and GHG emissions	124
17	Employees by type and gender	131
18	Training statistics	131
19	Female workforce	132
20	Retention rate (after Maternity leave)	132
21	Governance framework in place at the Bank for community engagement	139
22	CSR activities undertaken in 2024 by Bank's Bangladesh operations	150
23	Income Statement of the Bank	153
24	Core Financial soundness indicators (FSIs)	158
25	Key performances indicators – Bangladesh Operations (based on Management Accounts)	162
26	Key Financial Ratios – Bangladesh Operations (based on Management Accounts)	162
27	Compliance with requirements of the Section 7.6 of the Listing Rules of the CSE	177
28	Summary of listed securities of the Bank	180
29	Description of Ordinary Shares	181
30	Movement of COMB voting share price over the year	181
31	Share price movement of last five years	182
32	Sustainable value for investors	182
33	Information on shareholders’ funds and Bank’s market capitalisation	182
34	Number of share transactions	183
35	Number of shares traded	183
36	Dividend information [As per Rule No. 7.6 (xi) of the Listing Rules of the CSE]	184
37	Number of ordinary shareholders	184
38	The names, number of shares and percentages of shares held by the twenty largest shareholders – Voting	185
39	The names, number of shares and percentages of shares held by the twenty largest shareholders – Non-Voting	186
40	Public shareholding [As per Rule No. 7.6 (iv) and 7.13.1 of the Listing Rules of the CSE]	186
41	Directors’ shareholding including the Chief Executive Officer’s shareholding [As per Rule No. 7.6 (v) of the Listing Rules of the CSE]	187
42	Distribution schedule of number of holders and percentage of holding in each class of equity securities	187
43	Composition of shareholders based on residency and category	188
44	Information on movement in number of shares represented by the stated capital	188
45	Key Shareholder Return Indicators	191
46	Attendance at AGMs 2020 – 2024	209
47	Alignment with Governance Principles	210
48	Statement of compliance – 2024	238
49	Directors’ interest in contracts with the Bank	252
50	Risk profile	257
51	Maximum credit risk exposure	264
52	Distribution of Stage 3 credit impaired loans and advances to other customers	266
53	Market risk categories	268
54	Sensitivity of Net Interest Income to rate shocks	269
55	Interest rate sensitivity gap analysis of assets and liabilities of the Banking Book	269
56	Regulatory liquidity ratios	270
57	Key ratios used for measuring liquidity under the stock approach	271
58	Climate related Physical Risks	276
59	Climate related Transition Risks	277
60	Climate-Related Opportunities	278
61	Targeted and actual Capital Adequacy Ratios	282
62	Impact on CAR at minor, moderate and severe stress levels	283
63	Staff strength of the Group and the Bank	307
64	Principal business activities and nature of business operations of the Group	308
65	Basis of measurement	309
66	Index of Material Accounting Policy Information	317

	Graphs
Graph No.	Description	Page No. of the printed Annual Report
1	Funding structure	16
2	Deposit mix by product	16
3	Deposits by type of Currency	16
4	Maturity analysis – Liabilities and Equity	16
5	Utilisation of funds	16
6	Assets by business segment	16
7	Loans and advances mix by currency	17
8	Loans and advances by customer type (Sri Lankan operations)	17
9	Loans and advances mix by product	17
10	Maturity analysis – Total assets	17
11	Quarterly GDP Growth	58
12	Interest Rates	58
13	Credit to private sector	58
14	Trade performance (monthly)	59
15	USD/LKR middle rate	59
16	Inflation – CCPI & NCPI	60
17	Composition of Loans granted by Commercial Banks to the SME sector	104
18	ComBank Digital customer base	115
19	Province-wise breakdown of employees (Sri Lanka)	132
20	Profit growth	152
21	Total operating income	154
22	Impairment charges	155
23	Profit before and after tax	155
24	ROE & ROA	155
25	Composition of total assets	156
26	Deposits and Advances	156
27	Shareholder's funds	157
28	Total Operating Income	159
29	Assets vs profit before tax vs impairment charges	159
30	Total operating Income	159
31	Assets vs profit before tax vs impairment charges	159
32	Total operating Income	159
33	Assets vs profit before tax vs impairment charges	159
34	Total operating Income	160
35	Assets vs Profit before tax vs Impairment charges	160
36	Total operating Income	160
37	Assets vs Profit before tax vs Impairment charges	160
38	Performance of the Colombo Stock Exchange and the Banking Sector in 2024	176
39	Performance of the ordinary shares – voting – 2024	181
40	Share price movement – Ordinary Shares – Voting	182
41	Share price movement – Ordinary Shares – Non-voting	182
42	Shareholders’ Funds and Bank’s Market Capitalisation	182
43	Number of share transactions	183
44	Number of shares traded	183
45	Dividend per share	184
46	Dividend paid and dividend payout ratio	184
47	Attendance at AGMs	209
48	Tenure-wise loans & advances to other customers as at December 31, 2024	265
49	Product-wise analysis of loans & advances to other customers as at December 31, 2024	266
50	Product-wise geographical analysis of loans & advances to other customers as at December 31, 2024	266
51	The concentration of counterparty bank exposures in Sri Lanka as at December 31, 2024 (Fitch ratings-wise)	267
52	The concentration of counterparty bank exposures in Bangladesh as at December 31,2024 (CRAB ratings-wise*	267
53	Cross border exposure of the Bank (Sri Lankan & Bangladesh operations) as at December 31, 2024	267
54	The concentration of cross-border exposure (Sri Lanka and Bangladesh operations) – S&P rating wise as at December 31, 2024	267
55	Funding diversification by product	271
56	Composition of losses – 2024	273
57	Losses by number of events	273
58	Losses by value	274
59	Environment and social risk category wise distribution of lending proposals as at December 31, 2024	279
60	Gross income	293
61	Net interest income	293
62	Net fees and commission income	293
63	Total operating income	293
64	Impairment charges and other losses	293
65	Profit before tax	293
66	Profit after tax	293
67	Earnings per share – Basic	293
68	Earnings per share – Diluted	293
69	Interest margin	293
70	Financial intermediation margin	293
71	Cost income Ratio (including taxes on financial services)	293
72	Cost income Ratio (excluding taxes on financial services)	293
73	Common Equity Tier I Capital	293
74	Total Capital	293
75	Dividends per share	293
76	Total assets	293
77	Financial assets at amortised cost – loans and advances to other customers	293
78	Financial liabilities at amortised cost – due to depositors	293
79	CASA Ratio	293
80	Liquidity Ratios	445
81	Impact of a rate shock on the net interest income	455
82	Sensitivity of Fx Position – Impact of 5% change in Exchange Rate (Sri Lankan Operation)	456

ANNUAL REPORT 2024

My Report

SUPPLEMENTARY INFORMATION

Annex 13: Index of figures, tables and graphs

Figures

Tables

Graphs