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Investor Relations

2. Stock Exchange Listing

The following securities of the Bank are listed on the main board of the Colombo Stock Exchange (CSE):

Shares Debentures
Fixed Rate Floating Rate
Ordinary
Voting Shares
December 2006/13 December 2006/13
Ordinary
Non-Voting Shares
December 2006/16 December 2006/16


The unaudited Interim Financial Statements for the first three quarters of 2011 were submitted to the CSE within 45 days from the respective quarter ends as required by the Rule No. 7.4 (a) (i) of the Listing Rules of the CSE. (The Bank duly complied with this requirement for 2010).

The unaudited Interim Financial Statements for the fourth quarter of 2011 will be submitted to the CSE on or before February 29, 2012, as required by the Rule No. 7.4 (a) (i) of the Listing Rules of the CSE. (The Bank duly complied with this requirement for 2010).

The Audited Income Statement for the year ended December 31, 2011 and the Audited Balance Sheet as at December 31, 2011 will be submitted to the Colombo Stock Exchange within three months from the Balance Sheet date, which is well with in the required deadline as required by the Rule No. 7.5 (a) of the Listing Rules of the CSE (The Bank duly complied with this requirement for 2010).

The Stock Exchange ticker symbol for Commercial Bank’s shares/debentures is ‘COMB’.

Details of trading activities are published in most daily newspapers, generally under the above abbreviation.

3. The names, number and percentage of shares helD by Twenty largest Shareholders (As per Rule No. 7.6 (iii) of the listing rules of the Cse)

As at December 31, 2011 2010 (*)
Ordinary Voting Shares No. of Shares % No. of Shares %
1. DFCC Bank A/C 1 113,985,956 14.90 52,853,674 14.96
2. Employees’ Provident Fund 71,714,288 9.37 16,605,950 4.70
3. HSBC Intl. Nominees Ltd. - SSBT - International Finance Corporation GNA-C61V 57,924,400 7.57 33,800,002 9.57
4. SBI Ven Holdings Pte Ltd. 54,257,040 7.09 35,147,227 9.95
5. Sri Lanka Insurance Corporation Ltd. - Life Fund 38,867,290 5.08 18,022,212 5.10
6. Sri Lanka Insurance Corporation Ltd. - General Fund 33,420,522 4.37 15,496,623 4.39
7. HSBC Intl. Nominees Ltd. - SSBT - Janus Overseas Fund 32,497,940 4.25 16,162,100 4.57
8. Mr. Y.S.H.I.K. Silva 23,935,294 3.13 11,078,063 3.14
9. Distilleries Company of Sri Lanka PLC 16,765,490 2.19 7,773,921 2.20
10. HSBC Intl. Nominees Ltd. - BPSS LUX - Aberdeen Global - Asian Smaller Companies Fund 15,788,166 2.06 7,520,750 2.13
11. HSBC Intl. Nominees Ltd. - SSBT - Janus Aspen Series Overseas Portfolio 14,734,068 1.93 7,323,050 2.07
12. HSBC Intl. Nominees Ltd. - SSBT - Aberdeen Institutional Commingled Fund, LLC 11,682,656 1.53 3,828,761 1.08
13. HSBC Intl. Nominees Ltd. - BPSS LUX - Aberdeen Global - Asia Pacific Equity Fund 10,375,310 1.36 5,331,280 1.51
14. HSBC Intl. Nominees Ltd. - BPSS LUX - Aberdeen Global - Emerging Markets Smaller Companies Fund 10,141,886 1.33 3,290,200 0.93
15. Mrs. L.E.M. Yaseen 9,999,600 1.31 1,000,000 0.28
16. Mercantile Investments PLC 9,900,066 1.29 3,900,000 1.10
17. HSBC Intl. Nominees Ltd. - SSBT - South Asia Portfolio 9,239,174 1.21 4,369,300 1.24
18. Mr. S.E. Captain 9,223,900 1.21 1,306,855 0.37
19. HSBC Intl. Nominees Ltd. - BP2S LONDON - Aberdeen Asia Smaller Companies Investment Trust 6,448,328 0.84 2,989,999 0.85
20. BNY - CF Ruffer Investment Fund : CF Ruffer Pacific Fund 5,963,086 0.78 2,765,000 0.78
Sub Total 556,864,460 72.80 250,564,967 70.92
Other Shareholders 208,220,860 27.20 102,740,420 29.08
Total 765,085,320 100.00 353,305,387 100.00

As per Rule No. 7.6 (iv) of the Listing Rules of the CSE, percentage of public holding of voting shares as at December 31, 2011 was 84.62% (84.37% as at December 31, 2010).

* Comparative shareholdings as at December 31, 2010 of the twenty largest shareholders as at December 31, 2011.


As at December 31, 2011 2010 (*)
Ordinary Non-Voting Shares No. of Shares % No. of Shares %
1. Employees' Trust Fund Board 2,113,930 4.04 714,255 2.95
2. GF Capital Global Ltd. 1,334,930 2.55 616,449 2.55
3. HINL - JPMCB - Butterfield Trust (Bermuda) Ltd. 1,299,310 2.48 600,000 2.48
4. J.B. Cocoshell (Pvt) Ltd. 1,287,392 2.46
5. Deutsche Bank AG - National Equity Fund 1,095,752 2.09 593,300 2.45
6. Deutsche Bank AG as Trustee for Namal Aquity Value Fund 1,082,756 2.07 589,200 2.44
7. Mr. J.D. Bandaranayake 1,002,976 1.92 402,113 1.66
8. M.J.F. Exports Ltd. 895,796 1.71 413,665 1.71
9. Union Assurance PLC/NO - 01 A/C 824,846 1.58 206,050 0.85
10. Mr. S.E. Captain 701,514 1.34 750
11. Mr. M.A. Yaseen 600,054 1.15
12. Mr. M.F. Hashim 588,692 1.12 269,587 1.11
13. Mr J.G. De Mel 558,166 1.07 243,899 1.01
14. Dr. A.K.A. Jayawardene 500,972 0.96 272,031 1.12
15. Mr. M.J.C. Amarasuriya 497,614 0.95 227,821 0.94
16. Saboor Chatoor (Pvt) Ltd. 471,000 0.90 214,000 0.88
17. The Planters Association of Ceylon as Trustee of Ceylon Planters Provident Society 460,604 0.88 82,700 0.34
18. Bank of Ceylon A/C Ceybank Century Growth Fund 448,810 0.86 98,100 0.41
19. Akbar Brothers (Pvt) Ltd. A/C No 1 418,770 0.80 17,824 0.07
20. Mr. G.R. Mallawaaratchy & Mrs. B.G.P. Mallawaaratchy (Joint) 416,552 0.80 190,650 0.79
Sub Total 16,600,436 31.73 5,752,394 23.76
Other Shareholders 35,764,410 68.27 18,428,801 76.24
Total 52,364,846 100.00 24,181,195 100.00

As per Rule No. 7.6 (iv) of the Listing Rules of the CSE, percentage of public holding of non-voting shares as at December 31, 2011 was 99.71% (98.77% as at December 31, 2010).

* Comparative shareholdings as at December 31, 2010 of the twenty largest shareholders as at December 31, 2011.

4. Information on Share Trading

Ordinary Shares -
Voting Shares
Ordinary Shares -
Non-Voting Shares
2011 2010 2011 2010
Number of Transactions 12,857 19,620 7,211 8,614
Number of Shares Traded 64,123,760 113,377,065 12,911,700 9,799,700
Value of Shares Traded (Rs. Bn.) 12.48 26.37 1.50 1.56

5. Information on ratios, Market Prices and credit ratings

(As per Rule No. 7.6 (xi) of the Colombo Stock Exchange)

(a) Information on Ratios - Shares

2011 2010
Dividend per Share (Rs.) - Cash 4.00 5.00
  - Issue and
Allotment of Shares
2.00 2.00
Dividend Payout Ratio (%) - Cash 41.45 34.33
  - Total 64.48 47.90
Net Assets Value per Share (Rs.)   54.10 43.53

(b) Market Prices - Shares

Ordinary Shares - Voting Ordinary Shares - Non-Voting
2011 2010 2011 2010
Rs. Rs. Rs. Rs.
Highest Price (*) 284.00 295.00 200.00 226.00
Date of the Highest Price (25.01.2011) (04.10.2010) (15.08.2011) (15.06.2010)
Lowest Price 97.00 175.00 69.10 75.00
Date of the Lowest Price (25.11.2011) (07.07.2010) (16.12.2011) (21.09.2010)
Year end Price 100.00 259.90 74.50 162.00
(*) The highest prices indicated above for 2011 are based on share prices before the Rights Issue in September 2011 and share split made in September 2011.

(c) Information on Ratios, Market Prices and Interest Rates on Debentures

Please refer item No. 15 under Investor Relations.

(d) Credit Ratings - Shares and Debentures

The Bank’s credit rating, AA(lka) was reaffirmed by Fitch Ratings Lanka Ltd. in 2011.

Consequently, the credit rating of the Bank’s subordinated debentures, AA-(lka) too reaffirmed in 2011.

The Bank’s Bangladesh Operation’s credit rating was upgraded to AAA from AA+ by Credit Rating Information Services Ltd. in 2011.

6. Information on Shareholders’ Funds and Market Capitalisation

As at
December 31,
Shareholders’ Funds Com Bank Market Capitalisation* Total Market Capitalisation of the CSE Com Bank’s Market Capitalisation as a % of CSE Market Capitalisation Com Bank’s Market Capitalisation Ranking
Rs. Mn. Rs. Mn. Rs. Mn.
2007 23,937 34,234 820,652 4.17 4
2008 25,891 15,630 488,813 3.20 4
2009 28,499 44,309 1,092,138 4.06 5
2010 33,302 91,824 2,280,874 4.03 4
2011 44,227 76,509 2,268,854 3.37 6
* Commercial Bank’s Market Capitalisation includes only Voting Ordinary Shares.

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