Commercial Bank of Ceylon PLC 2022 AR2
The report highlights Commercial Bank of Ceylon PLC's performance and sustainability initiatives during the fiscal year 2022. Despite unprecedented macroeconomic challenges in Sri Lanka, the Group's total assets grew by 26.02% to approach the Rs. 2.5 trillion milestone, and gross income increased by 71.31% to Rs. 280.387 billion. To ensure financial resilience, the Bank made its highest-ever annual impairment provision of Rs. 71.462 billion. The Bank also advanced its digital strategy, with its digital banking retail customer base growing by 49% year-on-year. Furthermore, the Bank continued its strong commitment to sustainability, maintaining its carbon-neutral status and expanding its green financing portfolio.
Company: Commercial Bank of Ceylon PLC
Sector: Finance & insurance
Country: Sri Lanka
Year: 2022
Type: AR2
Pages: 470
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Commercial Bank of Ceylon PLC
Annual Report
The report highlights Commercial Bank of Ceylon PLC's performance and sustainability initiatives during the fiscal year 2022. Despite unprecedented macroeconomic challenges in Sri Lanka, the Group's total assets grew by 26.02% to approach the Rs. 2.5 trillion milestone, and gross income increased by 71.31% to Rs. 280.387 billion. To ensure financial resilience, the Bank made its highest-ever annual impairment provision of Rs. 71.462 billion. The Bank also advanced its digital strategy, with its digital banking retail customer base growing by 49% year-on-year. Furthermore, the Bank continued its strong commitment to sustainability, maintaining its carbon-neutral status and expanding its green financing portfolio.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
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
Net Zero Target
Employees