Related party disclosures as per the Sri Lanka Accounting Standard – LKAS 24 on “Related Party Disclosures” is disclosed in Note 62 to the Financial Statements of this Annual Report. In addition, the Bank carries out transactions in the ordinary course of business on an arm’s length basis with entities where the Chairman or a Director of the Bank is the Chairman or a Director of such entities.
Table – 49
| Director/Company | Relationship | Accommodation granted/deposits | Current limit | Balance/outstanding | |||
| as at 31.12.2022 | as at 31.12.2022 | as at 31.12.2021 | |||||
| Rs ‘000 | Rs ‘000 | Rs ‘000 | |||||
| (a) | Prof A K W Jayawardane | ||||||
| Sierra Cables PLC | Independent/ Non-Executive Director |
Loans and advances | Combined | 1,540,000 | 625,238 | 440,883 | |
| Off-balance sheet accommodations | Limits available | 878,450 | 367,888 | 706,947 | |||
| Deposits | 91,664 | 360,802 | |||||
| Mother Lanka Foundation | Director | Loans and advances | 309 | 309 | 985 | ||
| Deposits | 2,913 | 1,360 | |||||
| CBC Tech Solutions Limited | Chairman | Loans & Advances | 250 | 7 | 37 | ||
| Off Balance Sheet Accommodations | 4,506 | 4,506 | – | ||||
| Deposits | 295,306 | 216,981 | |||||
| Arthur C Clarke Institute for Modern Technologies |
Member, Board of Governance | Deposits | 27 | 27 | |||
| (b) | Mr S Muhseen | ||||||
| Amana Takaful Life PLC | Director | Deposits | 6,699 | 125,925 | |||
| CBC Finance Ltd. | Director | Loans & Advances | 2,708,916 | 2,266,942 | 1,547,222 | ||
| Deposits | 78,609 | 151,391 | |||||
| (c) | Mr S C U Manatunge | ||||||
| Commercial Development Company PLC | Managing Director | Loans & Advances | 71,423 | 71,423 | 1,626 | ||
| Deposits | 276,666 | 99,371 | |||||
| International Chamber of Commerce – Sri Lanka | Vice Chairman | Deposits | 57,424 | 9,757 | |||
| Commercial Bank of Maldives Private Limited | Deputy Chairman | Off Balance Sheet Accommodations | 734,000 | 734,000 | 400,000 | ||
| Deposits | 768,801 | 303,576 | |||||
| (d) | Mr L D Niyangoda | ||||||
| A. Baur & Co (Pvt.) Ltd. | Chairman | Loans and advances | Combined | 3,500,000 | 4,495,634 | 3,881,216 | |
| Off-balance sheet accommodations | Limits available | 7,135,500 | 3,947,700 | 3,532,551 | |||
| Deposits | 5,221,681 | 3,313,677 | |||||
| (e) | Ms N T M S Cooray | ||||||
| Ceylon Tea Brokers PLC | Non-Executive Director | Deposits | 4,898 | 2,491 | |||
| Jetwing Hotels Ltd. | Chairman | Deposits | 3,801 | 1,898 | |||
| Negombo Hotels Ltd. | Director | Deposits | 3,222 | 2,211 | |||
| The Lighthouse Hotel PLC | Executive Director | Deposits | 22,973 | 20,362 | |||
| Jetwing Travels (Pvt) Ltd. | Chairman/Managing Director | Loans and advances | 32,500 | 190 | 8,433 | ||
| Off-balance sheet accommodations | 100,000 | 93,895 | 51,282 | ||||
| Deposits | 2,347,275 | 1,789,610 | |||||
| Jetwing Air (Pvt) Ltd. | Director | Loans and advances | 20,000 | – | 12,500 | ||
| Off-balance sheet accommodations | 165,000 | 104,666 | 35,499 | ||||
| Deposits | 150,487 | 77,622 | |||||
| Jetwing Hotel Management Services (Pvt) Ltd. | Director | Deposits | 26 | 26 | |||
| Allianz Insurance Lanka Ltd. | Independent/ Non-Executive Director |
Deposits | 27,374 | 57,540 | |||
| Go Vacation Lanka Co. (Pvt) Ltd. | Director | Deposits | 4,088 | 1,683 | |||
| Allianz Life Insurance Lanka Ltd. | Independent/ Non-Executive Director |
Deposits | 491 | 2,524 | |||
| Yarl Hotels (Pvt) Ltd. | Director | Deposits | 27 | 3 | |||
| Jetwing Symphony Ltd. | Executive Director | Deposits | 211,450 | 928 | |||
| Capital Alliance Holdings Ltd. | Director | Deposits | 1,880 | 1,880 | |||
| Saman Villas Ltd. | Director | Deposits | 456 | – | |||
| (f) | Mr R Senanayake | ||||||
| Senkadagala Finance PLC | Independent/ Non-Executive Director |
Loans & Advances | 4,900,100 | 2,933,270 | 2,062,463 | ||
| Off-balance sheet accommodations | – | 23,093 | |||||
| Deposits | 2,045,302 | 1,265,478 | |||||
| Virtual Capital Technologies (Pvt)Ltd. | Director | Deposits | 17 | 22 | |||
| (g) | Dr S Selliah | ||||||
| Asiri Hospital Holdings PLC | Deputy Chairman | Loans and advances | Combined | 2,416,166 | 2,436,856 | – | |
| Off-balance sheet accommodations | Limits available | 305,000 | – | – | |||
| Deposits | 15,434 | – | |||||
| Asiri Surgical Hospital PLC | Deputy Chairman | Loans and advances | Combined | 192,562 | 227,682 | – | |
| Off-balance sheet accommodations | Limits available | 305,000 | – | – | |||
| Central Hospitals Ltd. | Deputy Chairman | Loans and advances | 1,291,085 | 1,333,652 | – | ||
| Deposits | 745 | – | |||||
| Lanka Tiles PLC | Director | Loans and advances | Combined | 200,000 | – | – | |
| Off-balance sheet accommodations | Limits available | 400,000 | – | – | |||
| Deposits | 482,778 | – | |||||
| HNB Assurance PLC | Senior Director | Deposits | 1,582 | – | |||
| ACL Cables PLC | Director | Deposits | 736 | – | |||
| Odel PLC | Director | Loans and advances | 50,000 | 48,678 | – | ||
| Off-balance sheet accommodations | 204,419 | 204,419 | – | ||||
| Deposits | 1,504 | – | |||||
| Lanka Walltiles PLC | Director | Loans and advances | Combined | 720,000 | 1,056,852 | – | |
| Off-balance sheet accommodations | Limits available | 890,370 | 205,630 | – | |||
| Deposits | 53,224 | – | |||||
| Cleanco Lanka (Pvt) Ltd. | Chairman | Loans and advances | 250 | 24 | – | ||
| Deposits | 215,853 | – | |||||
| Swisstek (Ceylon) PLC | Director | Deposits | 9,039 | – | |||
| JAT Holdings PLC | Chairman | Loans and advances | Combined | 757,950 | 924,515 | – | |
| Off-balance sheet accommodations | Limits available | 1,137,493 | 415,117 | – | |||
| Deposits | 44,647 | – | |||||
| Arunodhaya (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | ||
| Deposits | 52 | – | |||||
| Arunodhaya Industries (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | ||
| Deposits | 52 | – | |||||
| Andysel (Pvt) Ltd. | Chairman | Loans and advances | 47,000 | – | – | ||
| Deposits | 52 | – | |||||
| Swisstek Aluminium Limited | Director | Loans and advances | Combined | 240,969 | 702,940 | – | |
| Off-balance sheet accommodations | Limits available | 975,000 | – | – | |||
| Deposits | 14,911 | – | |||||
| Arunodhaya Investments (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | ||
| Deposits | 52 | – | |||||
| (h) | Mr S Prabagar | ||||||
| Commercial Bank of Maldives Private Limited | Director | Off Balance Sheet Accommodations | 734,000 | 734,000 | 400,000 | ||
| Deposits | 768,801 | 303,576 | |||||