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Topic: Commercial Bank of Ceylon

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	Bank of Ceylon, Foreign Banks In India (Site not responding. Last check: 2007-11-01)
		Bank of Ceylon is a Sri Lanka based bank.
		The first branck of the Bank was opened at Kandy (Sri Lanka) in 1941 and it was followed by branches in Galle, Jaffna and Trincomalee.
		The first overseas branch of Bank of Ceylon was opened in London in the year 1949.
	finance.indiamart.com /investment_in_india/bank_of_ceylon.html (119 words)

	The Hindu Business Line : Commercial Bank of Ceylon hires Indian consultant
		COMMERCIAL Bank of Ceylon (CBC), an 81-year-old Lankan outfit, recently hired The Redwood Edge, a Pune-based consultancy, to run programmes for both its executives and client organisations.
		CBC is among Sri Lanka's frontline banks, said Mr Prakash Rohera, Director of The Redwood Edge.
		For the consultant, the CBC mandate was a first, followed as it was by a short presentation last year at a management school in Sri Lanka.
	www.blonnet.com /2003/03/18/stories/2003031802510400.htm (317 words)

	LANKA BUSINESS ONLINE - LBO
		Commercial Bank is currently the island's largest private sector bank with Rs180.1 billion in assets as at end 2005.
		Effective tax rates for the bank were high at over 46.0 percent in both 2004 and 2005, while dividend payouts have steadily increased from 16.0 percent of net profits in 2002 to 30.0 percent of net profits in 2005.
		Commercial Bank's reported total capital adequacy ratio and Tier I ratio was 12.08 percent and 9.68 percent respectively as at Dec '05 (13.16 percent and 10.78 percent as at Dec '04).
	www.lankabusinessonline.com /fullstory.php?newsID=1683547075&no_view=1&SEARCH_TERM=15 (560 words)

	Sri Lanka BUSINESS:: Commercial Bank grows stronger,maintains leadership in banking industry
		The Commercial Bank of Ceylon has ended 2004, which could be described as `turbulent,` on a high note, with a strong financial performance, which has enabled the bank to maintain its preeminent position as the country`s leading private sector bank..
		The Commercial Bank of Ceylon, which was established in 1969, has the country`s largest computer-linked network of 125 branches, and operates 187 automated teller machines.
		The Bank has been rated the `Best Bank` and the `Bank of the Year` in Sri Lanka by two prestigious international publications, the US based `Global Finance` for the last six consecutive years and UK`s `The Banker` magazine for the last four consecutive years respectively.
	www.lankanewspapers.com /news/2005/3/975.html (1057 words)

	Online edition of Sunday Observer - Business (Site not responding. Last check: 2007-11-01)
		This represents the first acquisition of a foreign bank by a Sri Lankan bank and paves the way for Commercial Bank to become a major operator in the SAARC region.
		"Commercial Bank is proud to be the successor of a bank that significantly contributed to the economic growth of Bangladesh," said Gooneratne.
		Commercial Bank, while continuing CAI's strategy would also extend the services of its Bangladeshi network consisting of two branches in Dhaka and Chittagong and two booths in Gulshan and Sonargaon even to the large Bangladeshi and other foreign businesses operating there.
	www.sundayobserver.lk /2003/11/16/bus05.html (372 words)

	Online edition of Sunday Observer - Business (Site not responding. Last check: 2007-11-01)
		Commercial Bank of Ceylon, which has been rated as the best bank in Sri Lanka for the third consecutive year in 2001 by Global Finance, a New York-based international business publication, has maintained its position as the strongest performer among local private banks with a record post-tax profit of more than one billion rupees.
		Commercial Bank Managing Director Amitha Goonaratne said that deposits with the bank had grown by 23.41 per cent to Rs.
		Commercial Bank, established in 1969, today has the largest computer-linked network of 100 branches offering on-line services, 24-hour access to customer accounts through CAT automated teller machines and tele-banking facilities through COMTEL.
	www.sundayobserver.lk /2002/03/10/bus13.html (432 words)

	Commercial bank of sri lanka, commercial bank online, zambia national commercial bank (Site not responding. Last check: 2007-11-01)
		Commercial bank of sri lanka Established in 1950 the Central Bank of Sri Lanka (CBSL) is the apex.
		Commercial bank of sri lanka Hoppa - Banks in Sri Lanka.
		The Central Bank of Sri Lanka (CBSL) is the primary authority for the regulation of all banks and financial institutions.
	syndicated-loan.net /commercial_bank/commercial_bank_of_sri_lanka.html (1103 words)

	[No title] (Site not responding. Last check: 2007-11-01)
		The Hatton National Bank Limited (HNB) in Sri Lanka is one of a handful of commercial banks which is an exception to the lack of involvement of such formal institutions in microfinance.
		According to the recent Poverty Assessment Report of the World Bank the incidence of poverty is higher in rural than in urban areas (24% and 18% respectively in 1990-91) and is the same in all regions of the country, except for the Western region where the incidence of poverty is significantly lower.
		Banks in Sri Lanka are required to maintain a minimum total risk-weighted capital ratio of 8%, where Tier 1 capital must be at least 50% of minimum capital requirements.
	www-wds.worldbank.org /external/default/WDSContentServer/IW3P/IB/2000/01/04/000009265_3971113151218/Rendered/INDEX/multi_page.txt (11923 words)

	Commercial Bank of Ceylon Ltd. v. Salahudeen [1998] LKCA 35; (1999) 3 Sri L.R. 187 (26 Juni 1998) (Site not responding. Last check: 2007-11-01)
		He did not contest the plaintiff's submission that all payments duly made on a letter of credit, the importer was obliged to pay the issuing Bank but submitted that these payments were not duly paid because on the face of the document the letter of credit had expired.
		Article 15 of the Unified Customs and Practice for Documentary Credits (U.C.P.D.C.) mandates that the Banks must examine all documents with reasonable care to ascertain that they appear on their face to be in accordance with the terms and conditions of the credit.
		It seems, therefore, that, is a duty cast on the issuing Bank primarily to examine the accuracy of the documents.
	www.austlii.edu.au /~andrew/CommonLII/LKCA/1998/35.html (847 words)

	Commercial bank of sri lanka, commercial bank of kuwait, of commercial bank in (Site not responding. Last check: 2007-11-01)
		Commercial bank of sri lanka, commercial bank of kuwait, of commercial bank in
		Commercial bank of sri lanka Commercial bank of sri lanka Commercial bank of sri lanka
		Commercial bank of sri lanka This novel bank note is the first of its kind in Sri Lanka,.
	www.syndicated-loan.net /commercial_bank/commercial_bank_of_sri_lanka.html (1058 words)

	Online edition of Daily News - Business (Site not responding. Last check: 2007-11-01)
		Commercial Bank is very pleased to absorb the entire staff, who are willing to continue in service after the acquisition, he said.
		The Commercial Bank's intended acquisition of CAI Bangladesh is part of the bank's stated goal of becoming a regional player, with a focus on the SAARC region, Commercial Bank Managing Director Amitha Gooneratne said.
		It is the intention of Commercial Bank to develop the retail banking capabilities of the CAI- Bangladesh after the acquisition, whilst retaining its current strengths in trade finance.
	www.dailynews.lk /2003/07/25/bus02.html (422 words)

	IFC South Asia - Summary of Project Information
		The project sponsor is the Commercial Bank of Ceylon (CBC), which in its over 30 years of existence became one of Sri Lanka’s leading banks measured in terms of profitability, capital, and management quality.
		CBC has a history that goes back to 1920, when Eastern Bank, one of the predecessors to CBC, was founded.
		CBC was established as a separate entity in 1969 with Chartered Bank holding 40% of its equity.
	www.ifc.org /ifcext/southasia.nsf/Content/SelectedProject?OpenDocument&UNID=45EE2687DA512C1885256C7C0070CC9D (331 words)

	LANKA BUSINESS ONLINE - LBO
		As required under this revised accounting standard, the investments in Commercial Leasing had to be treated as an asset held for sale and be shown in the accounts at its carrying value or fair value, less cost to sell, whichever is lower.
		This is the difference between the mark-to-market gains recognised as at March 31, 2006 and the share of post tax profits of Commercial Leasing, attributable to the Bank under the equity method of accounting for the first half of 2006.
		The bank saw its value added tax (VAT) charge climb up to 551.1 million rupees for the six months to June from 281.2 million rupees a year earlier, as the government raised the VAT slab from 15 percent to 20 percent.
	www.lankabusinessonline.com /fullstory.php?newsID=1974748095&no_view=1&SEARCH_TERM=2 (758 words)

	Online edition of Daily News - Business (Site not responding. Last check: 2007-11-01)
		The Commercial Bank of Ceylon has established a fully-owned subsidiary to offer employee training and development, banking education, executive search and recruitment, Human Resources (HR) consultation and other HR related services to corporate sector entities in Sri Lanka.
		Chairman of Commercial Bank of Ceylon Mahendra Amarasuriya presents a plaque to the Dean of the National University of Singapore (NUS) Business School Prof.
		The Bank recently entered in to a partnership with the prestigious National University of Singapore (NUS) to organise NUS training programmes at an affordable cost in Sri Lanka and Singapore.
	www.dailynews.lk /2005/03/02/bus04.html (323 words)

	Commercial Banks of Bangladesh. Bangladesh Bangla Bengali Bangladeshi Dhaka Probashi
		Janata Bank, the second largest commercial Bank in Bangladesh.The mission of the bank is to actively participate in the socio- economic development of the nation by...
		of Commercial Bank Linkages to Micro- and Small-Enterprises...
		Earlier, the central bank advised the commercial banks to raise the...
	www.bangladeshi-bengali.com /commercial-bank.html (3183 words)

	Global Finance Magazine - ASIA
		The largest commercial bank in China, and one of the largest in the world, ICBC had deposits outstanding of Rmb346.6 billion and loans outstanding of Rmb2,529.9 billion.
		Bank Mandiri was set for an IPO at the end of 2002, but jitters caused by unhappiness at the state’s privatization plans, as well as by the Bali terrorist bombings of late 2002, delayed it.
		Commercial Bank of Ceylon, which focuses mainly on consumer banking, hopes to cater to this new and more affluent generation.
	globalf.vwh.net /content/?article_id=450 (1544 words)

	DFCC Bank - Associate & Subsidiary Companies/Commercial Bank of Ceylon Ltd.
		Incorporated in 1969, Commercial Bank of Ceylon Ltd. (CBC) is a public quoted licensed commercial bank regulated by the Central Bank of Sri Lanka.
		CBC provides the full range of corporate and personal banking services through a widespread branch network supported by one of the most sophisticated banking IT platforms in Sri Lanka.
		CBC is noted for its expertise in trade finance and corporate credit.
	www.dfccbank.com /printable_version/associats.htm (95 words)

	Online edition of Daily News - Business (Site not responding. Last check: 2007-11-01)
		The IFC's acquisition of 5.85 million Commercial Bank shares, an investment of Rs 965.25 million at Rs 165 per share, follows a decision by the Government to divest up to 20 percent of Commercial Bank shares from the 29.92 percent stake currently held by the Sri Lanka Insurance Corporation Ltd., (SLIC).
		Commercial Bank Managing Director Amitha Gooneratne said the Bank has decided to acquire the balance 5 per cent of CBC shares from the SLIC through a share-trust on behalf of its employees.
		CBC will also be able to develop more environmental-friendly lending policies, given the IFC's firm commitment in this area.
	www.dailynews.lk /2003/03/11/bus03.html (571 words)

	Sri Lanka BUSINESS:: Commercial Bank ranked Sri Lanka`s Best Bank for a record 8th successive year
		An in-depth evaluation of the Bank`s performance over the past year, including capital strengths, asset growth, profitability, strategic relationships, customer service, competitive pricing and innovative products, led Global Finance editors, with input from industry analysts, corporate executives and banking consultants to select Commercial Bank as the best out of all local banks.
		Established in 1969, the Commercial Bank of Ceylon is the country`s benchmark private sector bank and operates a computer-linked network of 137 branches, and 225 ATMs.
		The Commercial Bank Group ended 2005 with a stellar performance, which saw group pre-tax profits soar 41.4 per cent to Rs 3.668 billion.
	www.lankanewspapers.com /news/2006/5/6919.html (627 words)

	The Banker: Sri Lanka
		Commercial Bank of Ceylon adopted many revenue enhancing measures including an overseas acquisition, introducing new delivery methods and targeting new segments.
		Generalising on the Asian banking system is difficult given the wide divergences seen from one country to another.
		South-east Asian banks have done well to recover from the meltdown of 1997 with government-assisted capital infusions and asset management companies to manage bad debts.
	www.thebanker.com /news/fullstory.php/aid/1046 (264 words)

	The Banker: SRI LANKA
		The bank took the considered decision to improve the risk profile of its asset base even at lower margins.
		Commercial Bank was the first bank to launch a special trust fund to undertake tsunami-related and other charitable projects.
		Commercial Bank launched a special foreign currency account (FC Plus) with interest linked to LIBOR, as well as a special senior citizens’ account (Udara) with higher interest rates and benefits to the country’s fast ageing population.
	www.thebanker.com /news/fullstory.php/aid/3411/SRI_LANKA.html (302 words)

	Business News
		Commercial Bank of Ceylon Ltd., recognised as the best bank in Sri Lanka by Global Finance of New York and as the Bank of the Year by The Banker of London, opened its new branch at Dhanmondi in the city recently, says a press releas.
		Speaking on the occasion, Managing Director of the bank said that opening at Dhanmondi was another step forward in the overall plan of the bank to establish a strong presence in Bangladesh.
		Banks operating in the United States are subject to a variety of directives aimed at detecting suspicious cash flows and cracking down on money laundering and other practices which could be used by terrorist groups to finance their operations.
	independent-bangladesh.com /news/mar/19/19032005bs.htm (5217 words)

	Business News
		Corporate banking head of HSBC in Bangladesh Mahbub Ur Rahman said that the gradual increase in deposit through this scheme would assist corporate to enhance their own capital base to meet the future business requirement, thereby facilitating further expansion.
		Some dealers bought dollar to replenish their nestro accounts before the weekend holiday on Friday while a number of private commercial banks are under pressure to open LCs and pay import bills, he said.
		Commercial Bank of Ceylon Limited has signed a memorandum of understanding with The Trust Bank Limited for trading on repo/reverse repo against T-bills/bonds and other government securities.
	independent-bangladesh.com /news/aug/26/26082005bs.htm (3294 words)

	No foreign bank in rural areas
		Foreign banks operating in India have no branches in rural areas, the Lok Sabha was informed on Friday.
		In the past three years, one foreign bank, Antwerp Diamond Bank of Belgium, and two private banks, Kotak Mahindra Bank and Yes Bank, have started their operations in Maharashtra, he said.
		These are Common Wealth Bank of Australia, Commercial Bank of Ceylon, UBS AG Switzerland, Mizuho Corporate Bank of Japan and DBS Bank of Singapore, Chidambaram said.
	www.rediff.com /money/2005/mar/11bank.htm (177 words)

	Commercial Bank of Ceylon Limited Sales Analysis - COMB SRI LANKA Market Size, Market Share and Demand Forecast
		This Report provides a comprehensive Sales and Margin summary analysis for Commercial Bank of Ceylon Limited Tabular results include up to a ten-year history on Sales, EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization), Income before Extraordinary Items and number of Employees.
		The Group's principal activities are the provision of banking and related financial services in Ceylon through its 114 branches and 219 Commercial Automated Teller machines.
		The services of the Group include personal banking, trade financing, off-shore banking, resident and non-resident foreign currency operations and travel related services.
	wrightreports.ecnext.com /coms2/reportdesc_SALES_C73074570 (221 words)

	Kosgoda Rehabilitation Project (Site not responding. Last check: 2007-11-01)
		The Jinasena family have opened up a special account with the Commercial Bank for the disaster relief funding and have pledged US$ 1 million towards this effort.
		The Commercial Bank of Ceylon has kindly waived all processing fees on the receiving end, and you may want to speak to your bank and find out if they are willing to do likewise.
		Please do send us an e-mail with your contact details and the amount being donated so that we can account for all the money received and also keep you informed about the progress of the project and how your money is being used.
	jinasenafund.org (813 words)

	Sri Lanka Links
		Standard Chartered is a disciplined commercial bank focused on core businesses of consumer banking, corporate and institutional banking and treasury.
		Site is structured as follows: personal banking, corporate and institutional banking, treasury, small business, financial and research.
		CBSL is the central bank for Sri Lanka.
	www.financewise.com /public/edit/asia/srilanka/srilanka-links.htm (269 words)

	Ceylon Tourist Board (Site not responding. Last check: 2007-11-01)
		Merchant Bank of Sri Lanka Limited -The most innovative and dependable Merchant bank.
		Guide lecturers trained by the Ceylon Tourist Board may be hired through the TIC or through travel agents.
		On the 4th of February 1948, Ceylon (as it was then known) gained Independence; an anniversary which is celebrated with pomp and pageantry.
	www.tradenetsl.lk /srilanka/general_info.html (1543 words)

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