Annex 12: Group Structure
| Local Subsidiaries | Local Associates | Foreign Subsidiaries | |||||||
| Commercial Development Co. PLC |
ONEzero Co. Ltd. | Serendib Finance Ltd. | Equity Investments Lanka Ltd. |
Commercial Insurance Brokers (Pvt) Ltd. |
Commex Sri Lanka S.R.L. – Italy |
Commercial Bank of Maldives Private Limited | CBC Myanmar Microfinance Company Limited | ||
| Incorporated on | March 14, 1980 in Sri Lanka |
February 17, 2003 in Sri Lanka |
February 18, 1987 in Sri Lanka |
August 8, 1990 in Sri Lanka |
August 17, 1987 in Sri Lanka |
December 2, 2008 in Italy | March 24, 2015 in Maldives | April 4, 2017 in Myanmar |
Incorporated on |
| Bank’s Holding | 92.41% (92.97% as at December 31, 2017) |
100% | 100% | 22.92% | 18.48% (18.59% as at December 31, 2017) |
100% | 55% | 100% | Bank’s Holding |
| Principal Business Activities | Property Development | Provision of IT Related Services | Leasing and Hire Purchase Financing | Venture Capital Financing | Insurance Brokering | Money Transfer and Money Exchange | 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. 108 A, 2/1, Maya Avenue, Colombo 06. |
No. 347,
Dr Colvin R De Silva Mawatha, Colombo 02. |
No. 34, Via Giacomo Leopardi, Rome, Italy. | H Filigasdhoshuge, Ameer Ahmed Magu, K. Male 20066, Maldives. |
No. 15, Office Street, Ward 4, Lewe Township, Naypyitaw, Myanmar. | Business Address |
| Contact Numbers | +94 11 330 1877 +94 11 330 1878 | +94 11 257 4417 | +94 81 221 3498 +94 81 220 0272 | +94 11 537 3746 +94 11 250 7605 +94 11 250 7606 | +94 11 760 0600 | +39 06 4885838 +39 06 48986390 | +96 03332668 | +95 6730566 | Contact Numbers |
| Board of Directors | Board of Directors | ||||||||
| Chairman | B R L Fernando | Prof A K W Jayawardane | K G D D Dheerasinghe | M J C Amarasuriya | M P Jayawardena | K D N Buddhipala | Hussain Afeef | K G D D Dheerasinghe | Chairman |
| Managing Director/CEO |
S Renganathan | D M U N Dissanayaka | A H M Riyaz | R A M Seneviratne | D D J Rajapakse | R C P Kalugamage | Managing Director/CEO |
||
| Director | A L Gooneratne | K D N Buddhipala | A N P Sooriyaarachchi | Deshamanya S E Captain |
D M D K Thilakaratne | U K P Banduwansa | S Renganathan | Mrs S A Walgama | Director |
| Director | A T P Edirisinghe | Mrs S A Walgama | Dr (Ms) J P Kuruppu | J D Peiris | U I S Tillakawardana | K A P Perera | S C U Manatunga | D J D P Hettiarachchi | Director |
| Director | L D A Jayasinghe | A N P Sooriyarachchi | S R Pushpakumara | J B Abu Baker | S P S Ranatunga | Dr (Ms) Antonia Coppola | U I S Thillakawardana | Director | |
| Director | U I S Tillakawardana | K S A Gamage | S M S C Jayasuriya | W I Arambage | W M N S K Weerapana | Prof Francesco Bellini | Adam Saleem | Director | |
| Director | S Prabagar | D S Bandara | J Premanath | Dr Ibrahim Vishan | Director | ||||
| Director | H A Pieris | Director | |||||||
| Director | K C Vignarajah | Director | |||||||
| Company Secretary | L W P Indrajith | M P Dharmasiri | R A P Rajapaksha | Mrs R R Dunuwille | Ms Y A Kularathna | Mrs N Gamage | Ms Fathmath Muaza | R C P Kalugamage | Company Secretary |
Summary of Financial Information
| 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | 2018 | 2017 | ||
| 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 | 3,024.791 | 2,753.384 | 171.254 | 138.209 | 5,425.100 | 5,273.423 | 258.053 | 300.376 | 344.009 | 303.564 | 128.555 | 94.969 | 14,240.806 | 9,509.824 | 323.117 | 64.512 | Total assets |
| Total liabilities | 422.475 | 417.129 | 48.407 | 54.450 | 3,555.235 | 4,072.063 | 4.553 | 10.120 | 88.502 | 70.557 | 90.782 | 43.379 | 11,774.754 | 7,695.776 | 4.215 | – | Total liabilities |
| Net assets | 2,602.316 | 2,336.255 | 122.847 | 83.759 | 1,869.864 | 1,201.360 | 253.500 | 290.256 | 255.507 | 233.007 | 37.773 | 51.590 | 2,466.055 | 1,814.048 | 318.902 | 64.512 | Net assets |
| Total revenue | 396.770 | 354.488 | 212.438 | 183.319 | 851.542 | 1,047.098 | 23.265 | 21.048 | 294.872 | 274.885 | 81.867 | 83.460 | 821.711 | 404.845 | 5.461 | – | Total revenue |
| Profit before tax | 368.786 | 482.538 | 89.136 | 61.319 | (38.913) | 0.119 | 0.840 | (6.111) | 51.433 | 44.329 | (38.555) | (3.005) | 427.243 | 46.485 | 12.696 | – | Profit before tax |
| Profit after tax | 328.546 | 426.780 | 64.261 | 44.272 | 1.031 | 2.604 | (0.241) | (6.716) | 32.828 | 28.711 | (38.199) | 17.702 | 270.671 | 32.984 | 12.696 | – | Profit after tax |
| Dividend per share (Rs.) | 5.00 | 5.00 | 50.00 | 50.00 | – | 0.50 | – | – | 16.67 | 15.00 | – | – | – | – | – | – | Dividend per share (Rs.) |