Figures |
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Figure No. | Description | Page No. of the printed Annual Report |
1 | Guiding Principles, Regulations, Codes and Acts | 6 |
2 | Our stakeholder engagement process | 20 |
3 | Material Matters | 23 |
4 | Materiality determination and integration | 24 |
5 | Business Model | 34 |
6 | Value Creation and Capital Formation | 38 |
7 | Strategic Imperatives | 39 |
8 | Diversification | 42 |
9 | Composition of the green financing portfolio – 2021 | 44 |
10 | Bank’s Sustainability Journey | 44 |
11 | Values that Support the Bank’s Brand | 45 |
12 | Customer centricity | 47 |
13 | Segment analysis of Moratoriums Granted under COVID-19 – As at December 31, 2021 | 48 |
14 | Moratoriums granted under COVID-19 – As at December 31, 2021 | 48 |
15 | Bank funded loan schemes – As at December 31, 2021 | 48 |
16 | Composition of loans granted by Commercial Bank to the SME sector in 2020 | 49 |
17 | Growth in ComBank Debit and Credit cards (based on Usage) | 51 |
18 | Customer usage of ComBank Digital/online channels | 55 |
19 | Total financial transactions initiated through digital channels | 55 |
20 | Flash usage | 55 |
21 | IPG usage | 56 |
22 | Growth in POS acquiring | 56 |
23 | Employee communication channels | 61 |
24 | The Bank’s Business Partners | 65 |
25 | Modes of engagement with Investors | 86 |
26 | Key regulatory requirements, voluntary codes, and elements of Corporate Governance Framework | 119 |
27 | Governance structure | 120 |
28 |
Composition of the Board and attendance (Principle A.4 and A.5) |
122 |
29 | Composition of the Board (As at December 31, 2021) | 122 |
30 | Executive Management committees | 124 |
31 | Board highlights 2021 | 125 |
32 | Three lines of defence | 163 |
33 | Risk governance structure | 164 |
34 | Risk management framework | 165 |
35 | Summary of key risks | 166 |
36 | Group Structure | 199 |
37 | Types of risk | 204 |
38 | Risk Management Framework | 205 |
Tables |
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Table No. | Description | Page No. of the printed Annual Report |
1 | Financial Highlights | 10 |
2 | Our Key Stakeholders | 20 |
3 | Mode and frequency of stakeholder engagement | 21 |
4 |
Material matters, Risks, Opportunities, and How we manage |
25 |
5 | GRI Disclosure on Material Matters | 27 |
6 | Statement of Capital Position | 36 |
7 |
Growth in Deposit base and Lending portfolio over the past decade |
40 |
8 | Customer segmentation | 46 |
9 |
Channel mix and target market on perceived customer preference |
46 |
10 | Investments in IT infrastructure | 54 |
11 | Migration to digital channels | 54 |
12 | Productivity and efficiency ratios | 59 |
13 | Readiness of BCP sites | 60 |
14 | COVID-19 related expenses | 60 |
15 | Retention Rate (Maternity Leave) | 60 |
16 | Female workforce | 61 |
17 | Employee by Type and Gender | 62 |
18 | Employee by Category and Gender – Total Bank | 62 |
19 | Training statistics | 63 |
20 | Energy consumption | 63 |
21 | Financial soundness indicators | 70 |
22 | Key performances indicators – Bangladesh Operations | 72 |
23 |
Key Financial Ratios – Bangladesh Operations (based on Management Accounts) |
72 |
24 | Compliance with requirements of the Section 7.6 of the Listing Rules of the CSE | 87 |
25 | Summary of listed securities of the Bank | 90 |
26 | Features of Ordinary Shares | 90 |
27 | Movement of COMB Voting Share price over the year | 91 |
28 | Share price movement of last five years | 91 |
29 | Sustainable value for investors | 91 |
30 |
Information on shareholders’ funds and Bank’s Market Capitalisation |
91 |
31 | Number of share transactions (No.) | 92 |
32 | Number of shares traded (No. ‘000) | 92 |
33 | Dividend information | 92 |
34 | Number of ordinary shareholders | 93 |
35 | The names, number of shares and percentages of shares held by twenty largest shareholders (As per rule No. 7.6 (iii) of the Listing Rules of the CSE) | 93 |
36 | Non-voting shareholders | 94 |
37 |
Public Shareholding (As per rule No. 7.6 (iv) and 7.13.1 of the Listing Rules of the CSE) |
94 |
38 | Directors’ shareholding including the Chief Executive Officer’s shareholding (As per Rule No. 7.6 (v) of the Listing Rules of the CSE) | 94 |
39 | Distribution schedule of number of holders and percentage of holding in each class of equity securities (As per rule No. 7.6 (x) of the Listing Rules of the CSE) | 95 |
40 | Composition of shareholders | 95 |
41 | Information on movement in number of shares represented by the stated capital (As per rule No.7.6 (ix) of the Listing Rules of the CSE) | 96 |
42 | Debenture Composition | 98 |
43 | Key Shareholder Return Indicators | 99 |
44 | Attendance at AGMs – 2017 to 2021 | 128 |
45 | Statement of Compliance | 146 |
46 | Directors’ Interest in Contracts with the Bank | 158 |
47 | Risk profile | 161 |
48 | Maximum credit risk exposure | 167 |
49 | Distribution of Stage 3 credit impaired loans and advances to other customers as at December 31, 2021 | 169 |
50 | Market risk categories | 171 |
51 |
Interest rate sensitivity gap analysis of assets and liabilities of the Banking Book as at December 31, 2021 – Bank |
172 |
52 | Sensitivity of NII to rate shocks | 172 |
53 | Statutory Liquidity Ratios | 173 |
54 |
Key ratios used for measuring liquidity under the stock approach |
173 |
55 | Target and actual capital | 177 |
56 |
Impact on CAR at Minor, Moderate and Severe stress levels |
178 |
57 | Principal business activities and nature of business operations of the Group | 200 |
58 | Basis of Measurement | 201 |
59 | Index of significant accounting policies | 208 |
Graphs |
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Graph No. | Description | Page No. of the printed Annual Report |
1 | Global economic growth | 29 |
2 | Quarterly GDP Growth | 30 |
3 | Interest rates | 30 |
4 | Inflation – CCPI and NCPI | 30 |
5 | USD/LKR Rate (inverted scale) | 31 |
6 | Profit growth | 67 |
7 | Total operating income | 68 |
8 | Impairment charges | 68 |
9 | Profit before and after tax | 68 |
10 | ROA and ROE | 68 |
11 | Composition of total assets | 69 |
12 | Deposits and advances | 69 |
13 | Shareholders’ funds | 70 |
14 | Performance of the Colombo Stock Exchange and Banking Sector in 2021 | 86 |
15 | Performance of the ordinary shares-voting – 2021 | 90 |
16 | Share price trend – Ordinary Shares – Voting | 91 |
17 | Share price trend – Ordinary Shares – Non-Voting | 91 |
18 | Number of share transactions | 92 |
19 | Number of shares traded | 92 |
20 | Shareholders’ funds and Bank’s market capitalisation | 92 |
21 | Dividend per share | 93 |
22 | Distribution to shareholders (Dividend paid) and Dividend pay-out ratio | 93 |
23 | Loans and advances to other customers by tenor-wise as at December 31, 2021 (based on residual maturity) | 169 |
24 | Geographical analysis of loans and advances to other customers by product-wise as at 31, December 2021 | 170 |
25 | Product-wise analysis of loans and advances to other customers as at December 31, 2021 | 170 |
26 |
The concentration of counterparty bank exposures in Sri Lanka as at December 31, 2021 (Fitch ratings-wise) |
170 |
27 | The concentration of counterparty bank exposures in Bangladesh as at December 31, 2021 (CRAB ratings-wise) | 170 |
28 |
The concentration of cross-border exposure (Sri Lanka and Bangladesh Operations) - S&P Rating wis as at December 31, 2021 |
171 |
29 |
Cross border exposure of the Bank (Sri Lanka and Bangladesh operations) |
171 |
30 | Funding diversification by product | 173 |
31 | Composition of losses – 2021 | 174 |
32 |
Operational loss events by category – % of total losses by number of events |
175 |
33 |
Operational loss events by category –% of total losses by value |
175 |
34 | Gross income | 185 |
35 | Net Interest Income | 185 |
36 | Net Fee and Commission Income | 185 |
37 | Net gains/(losses) from | 185 |
38 | Profit before tax | 185 |
39 | Profit after tax | 185 |
40 | Total assets | 185 |
41 | Financial assets at amortised cost – Loans and advances to other customers | 185 |
42 | Financial liabilities at amortised cost – Due to depositors | 185 |
43 | Earnings per share – Basic | 185 |
44 | Interest margin | 185 |
45 | Financial intermediation margin | 185 |
46 | Liquidity ratios | 325 |
47 | Impact of a rate shock on the net interest income | 333 |
48 | Sensitivity of Fx Position – Impact of 1% change in Exchange Rate (Sri Lankan Operation) | 334 |