Commercial Bank of Ceylon

Commercial Bank of Ceylon PLC (CBC) is a commercial bank in Sri Lanka.

Commercial Bank of Ceylon PLC

Type	Public limited company
Traded as	CSE: COMB.N0000
Industry	Finance
Founded	1920 (1920) [1]
Headquarters	Colombo, Sri Lanka
Number of locations	287 branches (906 ATMs)(2020)[2]
Area served	Sri Lanka Bangladesh Maldives Myanmar Italy
Key people	K G D D Dheerasinghe (Chairman) M P Jayawardena (Deputy Chairman) S.Renganathan (CEO)
Revenue	Rs 151.966 billion [2] (US$ 812.655 million) (2020)
Operating income	Rs 24.520 million [2] (US$ 295.775 million) (2020)
Net income	Rs 16.373 billion [2] (US$ 91.373 million) (2020)
Total assets	Rs 1.736 tillion [2] (US$ 9.425 billion) (2020)
Total equity	Rs 160.948 billion [2] (US$ 860.689 million) (2020)
Owner	DFCC Bank (12.02%) Y.S.H Silva (8.87%) Employees' Provident Fund (8.62%)
Number of employees	5,057(2020)[2]
Subsidiaries	Commercial Bank of Bangladesh Commercial Bank of Maldives BC Tech Solutions Ltd. Commex Sri Lanka s.r.l – Italy Commercial Development Company PLC

In 2004, CBC acquired Credit Agricole Indosuez's two branches in Bangladesh at Dhaka and Chittagong to become the first Sri Lankan private bank to establish operations outside the country.[3] (Banque Indosuez had opened its branches in Bangladesh in 1980.) Also in 2003, the IFC bought 15% of the bank's share capital from Sri Lanka Insurance Corporation.[4]