Figures |
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Figure No. | Description | Page No. of the printed Annual Report |
1 | Qualitative Criteria used in the Production of the Annual Report | 7 |
2 | Guiding Principles, Regulations, Codes, and Acts | 8 |
3 | Our Key Stakeholders | 36 |
4 | Our Stakeholder Engagement Process | 37 |
5 | Materiality determination and integration Engagement | 40 |
6 | Matters relevant to the key stakeholder groups | 41 |
7 | World Economic Outlook Projections (% change) | 46 |
8 | Bank’s Sustainability Framework | 52 |
9 | Business Model | 54 |
10 | Management Discussion and Analysis – Value creation | 58 |
11 | Strategic Imperatives | 59 |
12 | Our commitment to prudent growth | 60 |
13 | Values that Support the Bank’s Brand | 65 |
14 | The Pillars of Sustainable Finance | 75 |
15 | Sustainable finance KPIs | 76 |
16 | Bank’s Sustainability Journey | 82 |
17 | Composition of the green financing portfolio – 2022 | 84 |
18 | The Bank’s business partners | 89 |
19 | Modes of engagement with investors | 124 |
20 | Key regulatory requirements, voluntary codes, and elements of Corporate Governance Framework |
156 |
21 | Governance structure | 158 |
22 | Composition of the Board and attendance | 160 |
23 | Composition of Board | 160 |
24 | Executive Management committees | 161 |
25 | Board Highlights 2022 | 163 |
26 | Three lines of defence | 209 |
27 | Risk governance structure | 210 |
28 | Risk management framework | 212 |
29 | Summary of key risks | 213 |
30 | Group Structure | 249 |
31 | Types of risk | 255 |
32 | Risk Management Framework | 255 |
Tables |
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Table No. | Description | Page No. of the printed Annual Report |
1 | Financial Highlights | 14 |
2 | Non-financial Highlights | 15 |
3 | Mode and Frequency of Stakeholder Engagement | 38 |
4 | Material Topics, Risks, Opportunities, How we manage and GRI Disclosures |
43 |
5 | World Economic Outlook Projections (% change) | 46 |
6 | The Bank’s performance compared to the Banking Sector | 50 |
7 | Statement of Capital Position | 56 |
8 | Growth in deposit base and lending portfolio over the past decade |
61 |
9 | Customer segmentation | 66 |
10 | Channel mix and target market on perceived customer preference |
66 |
11 | Investments in IT infrastructure | 70 |
12 | Migration to digital channels | 70 |
13 | Total financial transactions initiated through digital channels | 70 |
14 | Productivity and Efficiency Ratios | 74 |
15 | Aligning the Bank's Sustainability Pillars with those of CBSL | 78 |
16 | Power generated through renewable sources | 79 |
17 | The performance of Commercial Bank mobile Apps | 84 |
18 | Employees by Category and Gender – Total Bank | 86 |
19 | Employees by Type and Gender | 87 |
20 | Female employees as of December 31, 2022 | 87 |
21 | Retention rate (Maternity leave) | 88 |
22 | Training statistics | 88 |
23 | Energy consumption and GHG emissions | 99 |
24 | Core Financial Soundness Indicators (FSIs) | 105 |
25 | Key Performances Indicators – Bangladesh Operations | 108 |
26 | Key Financial Ratios – Bangladesh Operations (based on management accounts) | 108 |
27 | Compliance with requirements of the Section 7.6 of the Listing Rules of the CSE | 125 |
28 | Summary of listed securities of the Bank | 128 |
29 | Features of ordinary shares | 128 |
30 | Movement of COMB voting share price over the year | 129 |
31 | Share price movement of last five years | 129 |
32 | Sustainable value for investors | 129 |
33 | Information on shareholders’ funds and Bank’s market capitalisation | 129 |
34 | Number of share transactions (No.) | 130 |
35 | Number of shares traded (No. ‘000) | 130 |
36 | Dividend information | 130 |
37 | Number of ordinary shareholders | 131 |
38 | Voting shareholders | 131 |
39 | Non-voting shareholders | 132 |
40 | Public shareholding | 132 |
41 | Directors’ shareholding including the Chief Executive Officer’s shareholding | 132 |
42 | Distribution schedule of number of holders and percentage of holding in each class of equity securities | 133 |
43 | Composition of shareholders based on residency and category | 133 |
44 | Information on movement in number of shares represented by the stated capital | 134 |
45 | Debenture composition | 136 |
46 | Key shareholder return indicators | 137 |
47 | Attendance at AGMs | 167 |
48 | Statement of Compliance | 188 |
49 | Directors’ interest in contracts with the Bank | 201 |
50 | Risk profile | 206 |
51 | Maximum credit risk exposure | 215 |
52 | Distribution of Stage 3 credit impaired loans and advances to other customers as of December 31, 2022 | 217 |
53 | Market risk categories | 219 |
54 | Interest rate sensitivity gap analysis of assets and liabilities of the Banking Book as of December 31, 2022 – Bank | 220 |
55 | Sensitivity of NII to rate shocks | 220 |
56 | Statutory liquidity ratios | 221 |
57 | Key ratios used for measuring liquidity under the stock approach | 222 |
58 | Target and actual capital | 227 |
59 | Impact on CAR at minor, moderate and severe stress levels | 228 |
60 | Principal business activities and nature of business operations of the Group |
250 |
61 | Basis of measurement Items | 251 |
Graphs |
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Graph No. | Description | Page No. of the printed Annual Report |
1 | Contribution to Group's total assets as at December 31, 2022 | 62 |
2 | Deposits and advances | 62 |
3 | Funding structure | 62 |
4 | Deposits mix | 62 |
5 | Deposits by type of currency | 62 |
6 | Loans and advances by Customer type (Sri Lanka Operations) | 63 |
7 | Loans and advances by industry – 2022 | 63 |
8 | Loans and advances mix | 63 |
9 | Loans and advances by type of currency | 63 |
10 | Composition of gross income | 63 |
11 | Loans and advances – density ratio | 63 |
12 | Composition of loans granted by Commercial Bank to the SME sector in 2022 | 67 |
13 | Growth of the ComBank Digital customer base | 72 |
14 | Growth in the Corporate Banking loan book | 72 |
15 | Service period analysis of employees | 86 |
16 | Age analysis of employees as of December 31, 2022 | 86 |
17 | Profit growth | 100 |
18 | Total operating income | 101 |
19 | Impairment charges | 101 |
20 | Profit before and after tax | 102 |
21 | ROA and ROE | 102 |
22 | Composition of total assets | 103 |
23 | Deposits and advances | 103 |
24 | Shareholders’ funds | 104 |
25 | Total operating income – Personal Banking | 106 |
26 | Assets vs profit before tax vs impairment charges – Personal Banking |
106 |
27 | Total operating income – Corporate Banking | 106 |
28 | Assets vs profit before tax vs impairment charges – Corporate Banking |
106 |
29 | Total operating income – Dealing/Treasury | 106 |
30 | Assets vs profit before tax vs impairment charges – Dealing/Treasury | 106 |
31 | Total operating income – International operations | 107 |
32 | Assets vs profit before tax vs impairment charges – International operations |
107 |
33 | Total operating income – NBFI, Real Estate and Services | 107 |
34 | Assets vs profit before tax vs impairment charges – NBFI, Real Estate and Services |
107 |
35 | Performance of the Colombo Stock Exchange and the Banking Sector in 2022 |
124 |
36 | Performance of the Ordinary Shares – voting – 2022 | 128 |
37 | Share price movement – Ordinary Shares – voting | 129 |
38 | Share price movement – Ordinary Shares – Non-voting | 129 |
39 | Number of share transactions | 130 |
40 | Number of shares traded | 130 |
41 | Shareholders’ funds and Bank’s market capitalisation | 130 |
42 | Dividend per share | 131 |
43 | Distribution to shareholders (Dividend paid) and Dividend pay-out ratio | 131 |
44 | Tenure-wise loans and advances to other customers as at December 31, 2022 (based on residual maturity) | 216 |
45 | Product-wise geographical analysis of loans and advances to other customers as at December 31, 2022 | 217 |
46 | Product-wise analysis of loans and advances to other customers as at December 31, 2022 |
217 |
47 | The concentration of counterparty bank exposures in Sri Lanka as at December 31, 2022 (Fitch ratings-wise) | 218 |
48 | The concentration of counterparty bank exposures in Bangladesh as at December 31, 2022 (CRAB ratings-wise*) | 218 |
49 | Cross Border Exposure of the Bank (Sri Lankan and Bangladesh Operations) |
218 |
50 | The Concentration of Cross-border Exposure (Sri Lanka and Bangladesh Operations) – S&P Rating wise as at December 31, 2022 |
218 |
51 | Funding diversification by product | 222 |
52 | Composition of losses – 2022 | 223 |
53 | Losses by number of events | 224 |
54 | Losses by value | 224 |
55 | Gross income | 235 |
56 | Net interest income | 235 |
57 | Net fee and commission income | 235 |
58 | Total operating income | 235 |
59 | Impairment charges and other losses | 235 |
60 | Profit before tax | 235 |
61 | Profit after tax | 235 |
62 | Earnings per share – basic/diluted | 235 |
63 | Interest margin | 235 |
64 | Financial intermediation margin | 235 |
65 | Cost Income Ratio including taxes on financial services | 235 |
66 | Cost Income Ratio excluding taxes on financial services | 235 |
67 | Total assets | 235 |
68 | Net financial assets at amortised cost – loans and advances to other customers | 235 |
69 | Financial liabilities at amortised cost – due to depositors | 235 |
70 | CASA Ratio | 235 |
71 | Liquidity ratios | 375 |
72 | Impact of a rate shock on the net interest income | 383 |
73 | Sensitivity Fx Position-Impact of 1% change in Exchange Rate (Sri Lanka Operation) | 384 |