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MarketScreener Homepage  >  Equities  >  COLOMBO STOCK EXCHANGE  >  COMMERCIAL BANK OF CEYLON PLC    COMB/N0000   LK0053N00005

COMMERCIAL BANK OF CEYLON PLC

(COMB/N0000)
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COMMERCIAL BANK OF CEYLON : Two ComBank Mastercard credit cardholders off to Rugby World Cup in Japan

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10/22/2019 | 10:18am EST

Two of Commercial Bank of Ceylon'sMastercard credit cardholders have won the dream prize of any rugby enthusiast - an all-expenses-paid trip to Yokohama, Japan to watch this weekend's semi-finals of the 2019 Rugby World Cup between New Zealand and England.

U.P. Wasantha Perera of Piliyandala and Anuradha Jayatilake of Dehiwala received their prizes this week, each comprising a ticket to the first semi-final of the Rugby World Cup and a package inclusive of visa fees, return air fare, hotel accommodation and transportation.

The lucky winners were drawn from thousands of Commercial Bank Mastercard credit cardholders who spent an average of Rs. 25,000 per month for purchases between 1 April and 30 June this year, to participate in a promotion conducted by Mastercard in Sri Lanka.

The ninth Rugby World Cup now on in Japan, ends 2 November. This is the first time the tournament is being held in Asia.

Commercial Bank credit and debit cards offer year-round promotions covering a wide variety of services. Commercial Bank was the first bank to offer loyalty rewards for both credit and debit cardholders under its Max Loyalty Rewards scheme. The bank was also a pioneer in extending promotional discount offers - which were traditionally only offered for credit cards - to its debit cardholders.

Commercial Bank cards are the fastest-growing cards in Sri Lanka and enjoy market leadership in credit and debit card cumulative point-of-sale usage.

The only Sri Lankan bank to be ranked among the world's top 1,000 banks for nine consecutive years, Commercial Bank operates a network of 267 branches and 854 ATMs in Sri Lanka. The bank won over 40 international and local awards in 2018 and has received more than 25 awards to date this year along with being ranked among the 10 Most Admired Companies in Sri Lanka in 2019.

Commercial Bank's overseas operations encompass Bangladesh, where the bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay PyiTaw; and the Maldives, where the bank has a majority stake in a fully-fledged Tier I Bank.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
COMMERCIAL BANK OF CEYLON PLC 1.65% 98.8 End-of-day quote.-14.75%
MASTERCARD 0.31% 277.92 Delayed Quote.46.83%
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Financials (LKR)
Sales 2019 50 007 M
EBIT 2019 31 151 M
Net income 2019 -
Debt 2019 -
Yield 2019 6,69%
P/E ratio 2019 -
P/E ratio 2020 -
Capi. / Sales2019 1,98x
Capi. / Sales2020 1,82x
Capitalization 99 092 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 5
Average target price 110,10  LKR
Last Close Price 97,20  LKR
Spread / Highest target 40,9%
Spread / Average Target 13,3%
Spread / Lowest Target -5,97%
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Managers
NameTitle
Sivakrishnarajah Renganathan Chief Executive Officer, Executive Director & MD
Kankanam Gamage Don Dheerasinghe Chairman
Sanath Manatunge Chief Operating Officer & Executive Director
Kottage Don Nandika Buddhipala Chief Financial Officer
Krishan Gamage Assistant General Manager-Information Technology