FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

ComBank envisages 12 to 15% growth Vote_lcap68%ComBank envisages 12 to 15% growth Vote_rcap 68% [ 178 ]
ComBank envisages 12 to 15% growth Vote_lcap18%ComBank envisages 12 to 15% growth Vote_rcap 18% [ 47 ]
ComBank envisages 12 to 15% growth Vote_lcap13%ComBank envisages 12 to 15% growth Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» CLC placed on a Slingshot . . . !!!
by Sapudev Today at 10:58 pm

» DISTILLERIES COMPANY OF SRI LANKA PLC (DIST.N0000)
by xhunter Today at 10:57 pm

» ELPL-WATA-UDPL
by Maharaja Today at 10:45 pm

» Water For All - CIND
by LHW Today at 10:22 pm

» The fate of NIFL .. CLC .. LOFC under LOCH
by Equity Win Today at 9:59 pm

» When you form opinions without facts, and act upon them, you put yourself at a disadvantage.
by Asoka Samarakone Today at 9:38 pm

» Central Bank Governor Ajith Cabraal given Cabinet Minister status & ranked 5th in New Precedence of the Government
by ADVENTUS Today at 8:26 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by Niwa Today at 8:20 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Today at 6:34 pm

» CDB Earnings
by Promoney Today at 5:27 pm

» EXPO/BILL/LOLC
by blindhog Today at 3:34 pm

» LOFC AND CLC Target Price??
by Shivanthini Today at 3:25 pm

» Palm Oil supply not enough to meet global demand.
by skyfall Today at 1:43 pm

» CLC - Bull & Bear LOCKED HORNS - can blast at any time.
by Equity Win Today at 1:29 pm

» THE COLOMBO FORT LAND & BUILDING PLC (CFLB.N0000)
by skyfall Today at 1:25 pm

» LLUB New Valuation for Price appreciation
by samansilva Today at 1:12 pm

» ASPI 10000, Still a Long Way to Go
by ResearchMan Today at 12:56 pm

» Palm oil, rubber prices flat. Let’s go for tea
by ResearchMan Today at 12:55 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Today at 12:46 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by bkasun Today at 12:38 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » ComBank envisages 12 to 15% growth

ComBank envisages 12 to 15% growth

Go down  Message [Page 1 of 1]

1ComBank envisages 12 to 15% growth Empty ComBank envisages 12 to 15% growth Wed Jun 03, 2015 9:30 am

Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Commercial Bank's Managing Director and CEO Jegan Durairatnam said that the Bank will have a 12 percent to 15 percent growth in the next two to three years and was also planning expanding to international operations as well.

"Our bank had been listed with CSE from 1970 and since then we have grown with the Exchange. A platform such as this provides companies with a capacity to help enhance their visibility on the world stage. Our association with the Stock Exchange has been rewarding and positive," said Durairatnam when Commercial Bank of Ceylon (COMB) opened trading on Monday at the Colombo Stock Exchange (CSE) as part of Market Opening tradition where companies that are listed under the S&P SL20 index are invited to do so.

Commercial Bank is Sri Lanka's third largest company to be listed, in terms of market capitalization in the Stock Market, hovering around US$ one billion.

He said that they are also planning to set up a branch at Myanmar and at present the Bangladesh operations are performing well due to the best management practices of the bank activities.

Durairatnam said that good capital management, strong risk management, corporate governance and the continuous educating the staff has lead the bank in the right path with more skill-full persons. He also said they were also planning to penetrate into micro financing sector in the country.

Association with CSE paves the way to enhance their image in the world arena and intend to expand their operations to other countries as well and that due to excellent management practices they also have been able to reduce the non-performing loan ratio as well.
CSE Chairman, Vajira Kulatilaka said that the CSE was in the process of working to further enhance and introduce new products in line with features such as risk management and short-selling, while also striving to provide better IT systems that would attribute user-friendly features at better levels.

"We are sure everyone involved in this sector would like to see a much more comfortable and convenient trading of debt instruments. A known fact is that interest rates go up in the market and nothing can be done other than to wait until the market settles. Commercial Bank of Ceylon (COMB) opened trading at the Colombo Stock Exchange (CSE) as part of a Market Opening tradition where companies that are listed under the S&P SL20 index are invited to do so.

But, with new products such as short-selling, things can change. What we will do is bring that type of a complete range of products of this caliber to witness a complete Capital Market. Our expectation is your participation and backup on our road shows and help us take Sri Lanka into a different platform. Sri Lanka needs capital, up from the government and down to the SME who will need capital to grow, Kulatilaka said. 
Courtesy: Daily News 03 June 2015

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum