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 | Equity Investments Lanka Ltd. |
Commercial Insurance Brokers (Pvt) Ltd. |
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| Company Profile | |||||||
| Relationship to the Bank |
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 | August 08, 1990 in Sri Lanka |
August 17, 1987 in Sri Lanka |
| Bank’s Holding | 93.85% |
100% |
100% |
100% |
55% |
22.92% |
18.77% |
| Principal Business Activities |
Property Development | Provision of IT Related Services | Money Transfer and Money Exchange | Leasing & Hire Purchase Financing | Banking | Venture Capital Financing | Insurance Brokering |
| Business Address | ‘Commercial House’, No. 21, Sir Razik Fareed Mawatha, 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. | 108 A, 2/1, Maya Avenue, Colombo 06. |
No. 347, Dr. Colvin R. De Silva Mawatha, Colombo 02. |
| Contact Numbers | 2447300 | 2430420 | +39 06 48905707 | 081 2213498, 081 2200272 |
+96 03332668 | 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 | Mr. Hussain Afeef | M.J.C. Amarasuriya | M.P. Jayawardena |
| Managing Director/CEO |
J. Durairatnam | Mr. Dilan Rajapakse | R.A.M. Seneviratne | ||||
| Director | A.L. Gooneratne | K.D.N. Buddhipala | M.E.P. Perera | Ms. J.P. Kuruppu | Mr. S. Renganathan | Deshamanya S. E. Captain |
D.M.D.K. Thilakaratne |
| Director | A.T.P. Edirisinghe | S.C.U. Manatunga | K.D.N. Buddhipala | S.R. Pushpakumara | Mr. Sanath Manathunga | J.D. Peiris | U.I.S. Tillakawardana |
| Director | L.D.A. Jayasinghe | Mrs. S.A. Walgama | U.K.P. Banduwansa | A.N.P. Sooriyaarachchi | Mr. Isuru Thillakawardana | J.B. Abu Baker | S.P.S. Ranatunga |
| Director | U.I.S. Tillakawardana | K.S.A. Gamage | Prof. Francesco Bellini | Y.S.H.R.S. Silva | Mr. Adam Saleem | W.I. Arambage | |
| Director | S. Prabagar | Dr. Ibrahim Vishan | L.A. Rajapakse (Alternate Director) |
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| Director | H.A. Pieris K.C. Vignarajah | ||||||
| Company Secretary |
L.W.P. Indrajith | M.P. Dharmasiri | Antonia Coppola (Commercialista) |
R.A.P. Rajapaksha | Ms. Fathmath Muaza | Mrs. R.R. Dunuwille | Ms. Y.A. Kularathna |
Summary of Financial Information
| 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | |
| 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 | 2,364.676 | 2,064.361 | 104.734 | 103.132 | 41.853 | 66.432 | 5,242.565 | 2,925.295 | 5,682.531 | – | 308.341 | 297.774 | 295.848 | 257.851 |
| Total liabilities | 388.810 | 356.523 | 40.135 | 47.054 | 71.443 | 77.365 | 4,541.251 | 2,452.044 | 3,946.301 | – | 8.949 | 8.593 | 82.387 | 61.502 |
| Net assets | 1,975.866 | 1,707.838 | 64.599 | 56.078 | (29.590) | (10.933) | 701.314 | 473.251 | 1,736.230 | – | 299.392 | 289.181 | 213.461 | 196.349 |
| Total revenue | 329.258 | 316.988 | 138.000 | 181.725 | 20.796 | 3.405 | 681.187 | 356.233 | 30.291 | – | 28.000 | 55.536 | 232.302 | 212.673 |
| Profit before tax | 391.653 | 321.897 | 46.616 | 38.177 | (19.086) | (37.257) | 83.064 | (85.125) | (107.699) | – | 11.166 | 37.670 | 37.703 | 32.501 |
| Profit after tax | 326.441 | 259.794 | 33.209 | 27.523 | (19.086) | (37.257) | 29.056 | (72.676) | (107.730) | – | 11.949 | 37.640 | 25.614 | 20.033 |
| Dividend per share (Rs.) | 5.00 | 5.00 | 50.00 | 50.00 | – | – | – | – | – | – | – | – | 15.00 | 5.00 |