Dear Shareholder,
We are pleased to present you with this supplement which is dedicated to you in appreciation of your continued support to the success of the Bank. This year, we are delighted to inform you that your Bank was able to achieve several milestones, the highest number of accolades won by the Bank during any single year.
- Only Sri Lankan Bank to be ranked among the Top 1000 Banks of the world for the second time on the basis of capital adequacy and soundness
- First Sri Lankan Bank to obtain FIVE prestigious awards during a year for the Best Bank in Sri Lanka
- Awards by The Global Finance Magazine (USA) Best Bank in Sri Lanka
- Awards by The Banker Magazine (UK) Bank of The Year in Sri Lanka
- Award for Excellence by Euro Money Magazine (UK) Best Bank in Sri Lanka
- Award for Excellence by Trade Finance Magazine (UK) Best Local Trade Bank and
- Awards by Finance Asia Best Bank in Sri Lanka
- Highest Market Capitalisation among the Banking institutions in Sri Lanka and the sixth largest among all listed companies in the Colombo Stock Exchange as at end 2011
- Only Sri Lankan Bank to pay a dividend of minimum Rs. 6 per share for five successive years since 2007
- First Indigenous Private Sector Bank to reach the Rs. 8 Bn. Mark in post-tax profits
- The largest Asset Base among Local Private Sector Banks
- Installing 100 ATMs in one year and bringing the total number of ATMs to 500 by end 2011
Crafting information in pleasing the interests of the shareholders is the foundation on which we build this Report.
The full report and accounts and the interim reports are available on the Bank’s website (http://www.combank.lk/newweb/investor-relations). Alternatively, shareholders are able to elect to receive a mailed copy of the Annual Report on request. The Company Secretary of the Bank responds to individual letters received from shareholders.
We at Commercial Bank believe that timely and frequent communication with shareholders ensures that they fully understand about the Bank which will enhance the transparency and thereby the mutual relationship. There is a regular dialogue with institutional investors through such means as, the participation in investor forums, the publication of general press releases after the year end and interim results, etc. The Board is advised of any specific comments from institutional investors to enable them to develop an understanding of the views of major shareholders. All shareholders have the opportunity to raise questions/ obtain clarifications at the Bank’s Annual General Meeting.
The Bank’s shares are listed on the Main Board of the Colombo Stock Exchange. Daily share prices are found in newspapers including the Daily FT, Daily News, The Island and Daily Mirror.