Commercial Bank of Ceylon PLC 2021 AR2
The report highlights Commercial Bank of Ceylon PLC's performance in 2021, during which it became the first Sri Lankan bank to achieve fully carbon-neutral status. The bank recorded a resilient financial performance with a 42.16% year-on-year increase in Group profit after tax to Rs. 24.290 Bn, while its deposit base grew by 13.99% to Rs. 1.443 Tn. It also expanded its digital footprint, seeing a 35% growth in digital adoption among existing customers and launching innovative services like WhatsApp and Viber banking. Furthermore, the bank secured a USD 50 Mn. funding facility from CDC Group to support SMEs and climate projects, reinforcing its commitment to sustainable development.
Company: Commercial Bank of Ceylon PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2021
Type: AR2
Pages: 420
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Commercial Bank of Ceylon PLC
Annual Report
The report highlights Commercial Bank of Ceylon PLC's performance in 2021, during which it became the first Sri Lankan bank to achieve fully carbon-neutral status. The bank recorded a resilient financial performance with a 42.16% year-on-year increase in Group profit after tax to Rs. 24.290 Bn, while its deposit base grew by 13.99% to Rs. 1.443 Tn. It also expanded its digital footprint, seeing a 35% growth in digital adoption among existing customers and launching innovative services like WhatsApp and Viber banking. Furthermore, the bank secured a USD 50 Mn. funding facility from CDC Group to support SMEs and climate projects, reinforcing its commitment to sustainable development.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Annual Report with Sustainability Disclosures
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
Energy Consumption
Renewable Energy
Women on Board
Workplace Fatalities
Employees