Commercial Bank of Ceylon PLC 2020 IR
The report highlights Commercial Bank of Ceylon PLC's performance and strategic progress during the challenging year of 2020. Notably, the bank celebrated its centenary of operations in Sri Lanka and achieved carbon-neutral status by the end of the year. It successfully integrated its online and mobile banking channels into a single omni-channel platform, "ComBank Digital," and upgraded its "Flash" digital wallet with a unique carbon footprint tracker. To support the economy during the COVID-19 pandemic, the bank launched the "Arunella" Financial Support Scheme, providing extensive debt moratoriums and concessionary funding, particularly to SMEs and micro-enterprises. Additionally, the bank secured a landmark USD 50 million private equity placement from the International Finance Corporation to strengthen its Tier 1 capital.
Company: Commercial Bank of Ceylon PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2020
Type: IR
Pages: 388
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Commercial Bank of Ceylon PLC
Annual Report
The report highlights Commercial Bank of Ceylon PLC's performance and strategic progress during the challenging year of 2020. Notably, the bank celebrated its centenary of operations in Sri Lanka and achieved carbon-neutral status by the end of the year. It successfully integrated its online and mobile banking channels into a single omni-channel platform, "ComBank Digital," and upgraded its "Flash" digital wallet with a unique carbon footprint tracker. To support the economy during the COVID-19 pandemic, the bank launched the "Arunella" Financial Support Scheme, providing extensive debt moratoriums and concessionary funding, particularly to SMEs and micro-enterprises. Additionally, the bank secured a landmark USD 50 million private equity placement from the International Finance Corporation to strengthen its Tier 1 capital.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Feb 24, 2021
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Women on Board
Employees