...Performance evaluation of Commercial bank of Ceylon Limited: Bangladesh Performance Evaluation Commercial bank of Ceylon Limited Bangladesh Submitted to: Nazir Ahmed Khan School of Business United International University Submitted by: Md. Fakhrul Islam | 111093072 | Ararat Hossain | 111093015 | Syed Ahmed Sadee | 111093130 | Md. Omar Faruk | 111093145 | Rashed Abdullah Rumen | 111092105 | Section: A Course: Principles of Banking and Insurance Submission date: July 29, 2013 United International University Letter Of Transmittal July 29, 2013 Nazir Ahmed Khan School of Business United International University Subject: For the Acceptance of the Report. It is a great pleasure and privilege for us to submit this Report “Performance Evaluation of Commercial Bank of Ceylon in Bangladesh” prepared in accordance to the guidelines provided by you, as a requirement of the course “Principles of Banking and insurance”. We have tried our best to fulfill the requirements of this Report. By preparing this report, we have learned a great deal of knowledge. Therefore, pray and hope that you would be kind enough to accept this report and oblige thereby. Sincerely Md Fakhrul Islam | 111093072 | Ararat Hossain | 111093015 | Syed Ahmed Sadee | 111093130 | Md. Omar Faruk | 111093145 | Rashed Abdullah Rumen | 111092105 | Acknowledgement It is a great pleasure for us to express our deep sense of gratitude to our honorable course...
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...Introduction Commercial Bank of Ceylon Limited commenced its operation in Bangladesh by acquiring the Bangladesh operations of Credit Agricole Indosuez (CAI) in 2003. The high performance of Commercial Bank of Ceylon Limited is a reflection of the qualities and attributes that has been accepted by people advocating good management practices in the corporate sector. The event marked the first ever acquisition of multinational bank by a Sri Lankan bank and is a direct consequence of Commercial Bank of Ceylon Ltd’s continued commitment towards business expansion. The bank possesses a strong corporate clientele and it has set its vision to be a strong regional bank providing superior personal banking services. CBC was adjudged the Best Bank in Sri Lanka for 8 consecutive years up to 2006 by the ‘Global Finance’ Magazine based in US and for 5 consecutive years up to 2005 by ‘The Banker’ magazine based in UK. In Sri Lanka, Commercial Bank of Ceylon Ltd. is known as the largest and fully networked banking environment provider. The bank enjoys the reputation of having an unrivalled employment of information technology and a very reliable ATM network around the country. In his report Managing Director of the bank remarked that the Bank's new Vision places a premium on having a strong international presence by 2011. After outperforming its peers in the home country, the bank is now in Bangladesh to continue with its legacy of success. While emphasizing social responsibility and community...
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...Introduction Commercial Bank of Ceylon Limited commenced its operation in Bangladesh by acquiring the Bangladesh operations of Credit Agricole Indosuez (CAI) in 2003. The high performance of Commercial Bank of Ceylon Limited is a reflection of the qualities and attributes that has been accepted by people advocating good management practices in the corporate sector. The event marked the first ever acquisition of multinational bank by a Sri Lankan bank and is a direct consequence of Commercial Bank of Ceylon Ltd’s continued commitment towards business expansion. The bank possesses a strong corporate clientele and it has set its vision to be a strong regional bank providing superior personal banking services. CBC was adjudged the Best Bank in Sri Lanka for 8 consecutive years up to 2006 by the ‘Global Finance’ Magazine based in US and for 5 consecutive years up to 2005 by ‘The Banker’ magazine based in UK. In Sri Lanka, Commercial Bank of Ceylon Ltd. is known as the largest and fully networked banking environment provider. The bank enjoys the reputation of having an unrivalled employment of information technology and a very reliable ATM network around the country. In his report Managing Director of the bank remarked that the Bank's new Vision places a premium on having a strong international presence by 2011. After outperforming its peers in the home country, the bank is now in Bangladesh to continue with its legacy of success. While emphasizing social responsibility and community...
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...Introduction to Commercial Bank We are known as, the benchmark private sector bank in Sri Lanka. Over the years, we have with clear vision, set standards, created an identity and forged a unique trend in banking that has brought us recognition year after year. We have maintained our cultural identity, reached to the grass roots and created a style that has set the trend. Today, our superlative range of products and services, powered by state-of-the-art technological superiority and peopled by a dynamic, highly motivated team have made us what we are, the most progressive bank in Sri Lanka. THE FUTURE The immediate outlook for the local economic environment appears to be encouraging. The Bank is well positioned to capitalise on the opportunities emerging in the market due to the positive macroeconomic enviro nment in the country. The Banking industry operates basically on public confidence. The industry is governed by a set of regulations which necessitates changes or amendments due to the sophistication of the financial products and services it offers. The following regulatory changes which will come into effect in the ensuing year will have a significant impact to the operations of the banking industry. Our Vision "To be the most technologically advanced, innovative and customer friendly financial services organisation in Sri Lanka, poised for further expansion in South Asia" Our Mission "Providing reliable, innovative, customer friendly financial services,...
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...1. Introduction to the Organization The banking sector remains always the most dominant sector of the financial sector. Hatton National Bank PLC (HNB) is Sri Lanka’s second largest private sector bank in terms of assets (behind Commercial Bank of Ceylon) and is the fourth largest amongst all banks (after accounting for the two state banks, Bank of Ceylon and Peoples’ Bank). HNB accounts for 10% of banking system assets. HNB provides a broad range of banking products and services in the areas of; Corporate Banking, Small and Medium Size Enterprise Banking, Trade Finance, Retail and Consumer Banking, Asset Leasing, Loan Syndication and Project Finance. HNB has an AA- credit rating from Fitch Ratings Lanka Limited, Sri Lanka’s main rating agency. HNB has been acknowledged globally by The Asian Banker as the Best Retail Bank in Sri Lanka for Six consecutive years for its performance from the year 2007 to 2012. The HNB umbrella of today has two local subsidiaries - HNB Assurance and Acuity Partners. HNB have been established for more than 120 years. Their ethos are so simple for its survival even in turbulent times. HNB remain firm in their belief that they must continue to be banking partner in the lives of the Sri Lankan people. HNB has put in place an effective Risk Management System with clearly stated procedures, utilizing various committees that constitutes senior management personnel with requisite expertise/experience. 1. Identifying Retail Banking Sector...
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....................................... 19 * The next development.................................................................. 20 Practices of Relationship Marketing................................................................. 21 * Relationship marketing from boc’s point of view....................... 21 * Activities undertaken to develop relationships with customers... 23 * Different Levels of relationship Marketing.................................. 29 INTRODUCTION The Bank of Ceylon is the premier state owned commercial bank in Sri Lanka which has been operating in the banking industry for the past 72 years since 1939. Bank of Ceylon has evolved continuously over the years, undergoing changes in its business operations, branch network, ownership, people, products and services to emerge as the largest financial service provider in Sri Lanka. Through a network of 307 local and 2 overseas branches in Male and Chennai, Bank of Ceylon provides diversified fully-fledged banking services in the following categories of financial services: * Retail banking * Corporate banking * International banking * Treasury service *...
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...Organization Commercial Bank of Ceylon PLC ➢ History In 2003, Commercial Bank of Ceylon Ltd. acquired Credit Agricole lndosuez (CAl) operations in Bangladesh. CBC, while continuing CAI's strategy would further extend the reach and range of services in Bangladesh. Over a period, CBC has strengthened the retail banking side as well, for which Commercial Bank has made its name in Sri Lanka. The formal taking over of CAI's Bangladeshi operation took place on November 6, 2003. The official opening ceremony was held on 10th December 2003 attended by Governor Central Bank of Sri Lanka, Governor of Bangladesh Bank and many other distinguished guests, including diplomats, corporate customers, representatives of foreign multi-nationals and other well-wishers. Over the period of last 9 years of operation in Bangladesh, CBC has expanded its branch network to 7 branches, 2 booths, 2 specialised OBU sections in Dhaka (Dhanmondi) and Chittagong (CEPZ) and 6 SME centers in Bangsal Road (Dhaka), Progati Sharani (Dhaka), Shantinagar (Dhaka), Tongi (Dhaka), Jubilee Road (Chittagong) and CDA Avenue (Chittagong). Unique products and services, superior service quality and efficient and customized solutions to the requirements of corporate and personal banking customers are hallmarks of the successful stride of CBC in Bangladesh. With an unblemished history of nearly a century in the Sri Lanka's Banking arena, Commercial Bank has been rated as the Best Bank in Sri Lanka for the 14th successive...
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...three business organizations called Bogawanthalawa Tea Estates PLC, Swarnamahal Financial PLC and Vallibel Power Erathna PLC and the nature of the national environments in which the companies operate, the behavior of the organizations in their market environment and the importance of the global factors that shape national business activities. First the report identifies the purposes of the selected companies and then categorizes based on the differences between organizations. Then it identifies stakeholders and their expectations and applies the stakeholder mapping model to those stakeholders. After that the actions that the organization has taken to meet different responsibilities have been analyzed. Furthermore it investigates the resource allocation of the economic system in which the Bogawanthalawa Tea Estates PLC operates and the impact of monetary and fiscal policy on this organization and of competition policy on the activities of a business organization. By assuming that the aforesaid organization is operating in a monopolistic competitive market, the report analyzes the way how pricing decisions are made. Furthermore the impact of market forces and PESTEL factors on the above company has been taken into discussion. Finally the advantages of international trade to the company Bogawanthalawa PLC and the influence of the global factors in Sri...
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...Acknowledgement I would like to express my deepest appreciation to all those who provided me the possibility to complete this project on time. A special gratitude I give to our lecture in charge Ms.Tharanga Wijesuriya, whose contribution in stimulating suggestions and encouragement, helped us to coordinate this project. Furthermore I would also like to acknowledge with much appreciation the crucial of the staff of Akbar brother (pvt) Ltd, who gave the permission to use all the necessary information to complete the project tasks. Special thanks go to my friend Thiwangi Wijesuriya, who help me to assemble the information and gave suggestions to do the assignment tasks. Lastly, I thank almighty, my parents and friends for their constant encouragement without which this assignment would not be possible. I am making this project not only for marks but to also increase my knowledge. Executive Summary Today e-commerce became a major part in the business world. It remains a relatively changing area of business management and information technology. Nowadays modern organizations are seeking for the methods to expand their business, so ecommerce became one of the solutions for that. With the use of e-commerce, organizations easily can achieve their goals. Therefore in this project we first considering about the global influence of e-commerce. And understand the positive and negative effects of ecommerce on society. Akbar brother’s (pvt) Ltd is a large tea manufacturing and...
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... 8.0 9.0 INTRODUCTION Kandy Fabrics (PVT) LTD (KF) manufactures of quality handloom and power loom fabrics. And their office is situated in Warakamura Matale. Also they have factories in Kaludawela (Matale) and Palamuna (Baticalo). 100 workers are working in Warakamura factory and Matale factory. And Bank of Ceylon (BOC) government service sector serving nationally and internationally. Both organizations are trying to achieve their organizational objectives by different management and leadership styles. 02. DIFFERENT APPROACHES TO MANAGEMENT Managers are the people who guide on towards achieve organizational objectives effectively and efficiently. It can be describe as the process of planning, organizing, leading and controlling the efforts of organization members and of using all resources to achieve goals. Figure I: Functions of management In order to help identify main trends in the development of organizational behavior and management theory, it is usual to categories the work of writers into various ‘approaches’, based on their views of organizations, their structure and management. Human relation Contingency Classical Systems Scientific management Administrative management Bureaucracy management Figure...
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...Introduction Seylan Bank PLC, founded in 1987 and opened for business a year later; being one of the most admired banks in Sri Lanka and a leading innovator of banking services in the country, the fifth largest Bank in Sri Lanka and part of the mighty Ceylinco Group. The goal of the founding chairman, Dr. Lalith Kotelawela was to offer customers a more welcoming, customer friendly and service-oriented alternative to the traditional banking environment that was generally perceived to be formal, regimented and austere. The Bank quickly differentiated itself from other institutions in the market with a range of innovative services and attractive products including extended weekday banking hours as well as Saturday service, several bonus interest options and Cash-card access to non-resident foreign currency accounts that were often used by Sri Lankan expatriates to transfer funds to their dependents. Customers who had always been waiting for better interest returns for their deposits and with their trust to the public image of Dr. Kotelawela wasted no time and became customers of this newly established financial institution. Seylan soon became a well known brand in the industry with rapid growth and paying the highest interest returns to depositors. As per the company’s ‘The Case Study’ (2009) report, in its first partial year of operations, Seylan reported an after tax profit of Rs. 11.3 Million ending at 31st December 1988. Over the next 17 years, the Bank grew at an unprecedented...
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...Sri Lanka | Beverage, Food & Tobacco Initiation of coverage EQUITY RESEARCH 19 December 2013 Cargills (Ceylon) PLC (CARG.N0000) A consumption play Cargills (Ceylon) PLC (CARG) is the largest organized food retailer by market capitalization listed on the Colombo Stock Exchange (CSE), and also manufactures a range of fast-moving consumer goods (FMCG) and operates a fast-food chain. The company is majority owned by its parent company CT Holdings PLC (CTHR), itself one of the largest traded conglomerates on the CSE. We expect the typical signs of consumption growth, such as rising GDP and private consumption expenditure, to support CARG’s revenue growth, at an 11.3% CAGR over FY14E-FY16E. We also forecast CARG’s EBIT margin to expand to 4.3% in FY16E from 4.1% in FY13. Margin development across all segments is likely to be tempered by persisting high operating costs, particularly electricity and fuel expenses, as well as currently underwhelming results from the brewery and biscuits businesses. CARG’s debt and gearing levels in the past three years have risen due to a string of acquisitions and investments to expand capacity of several product lines. Our SOTP and P/E analyses yield a valuation range of LKR110-149, compared with the share price of LKR149 as of 18 December 2013. We forecast revenue to post an 11.3% CAGR over FY14E-FY16E as consumption levels are set to improve. CARG’s revenue is likely to be driven by its retail segment, which we forecast to also grow at an 11.2% CAGR...
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...2012/2013 FIN 5105 – Bank Management Evaluating the Performance of Commercial Bank of Ceylon and Hatton National Bank Lecturer Mr. S.N.B.M.W.Narayana Group Assignment Submitted in partial fulfillment of the Postgraduate Diploma in Applied Finance P age |2 Group Members 1. 2. 3. 4. 5. Hiranya Disanayake Inoka Sanjeewani Kirani Perera D.D Kulathunga Nilusha Peiris -GS/PGD/APF/65 -GS/PGD/APF/79 -GS/PGD/APF/73 -GS/PGD/APF/68 - GS/PGD/APF/71 P age |3 Acknowledgements We would like to express the deepest appreciation to our lecturer Mr. S.N.B.M.W.Narayana, who has directed us in writing this assignment. P age |4 Executive Summary The purpose of this study is to analyse the performance of two private sector leading commercial banks namely Commercial Bank of Ceylon PLC and Hatton National Bank Limited. The main reasons for the selections were the highest assets base and growth performance compared with other banks in the industry. Our analysis of these two banks is based on the comparison of main components including, corporate governance, risk management, and financial analysis. Chapter one introduces the contextual outlook of the two Banks. This includes vision mission, objectives and the competitive position of the two banks. Chapter Two reviews the Corporate Governance of the Banks. We have analysed the compliance of code of best practice by the two banks. Chapter Three explains the performance analysis of the Banks in terms of their...
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...Executive Summary Strategic financial management is one of the most critical and important activities for the professional business manager. It is a fact that the consequences of all important management decisions, financial and otherwise, are immediately and/or eventually will be reflected in the financial performance of the business enterprise. Financial management is concerned with the efficient acquisition and deployment of both short and long-term financial resources, to ensure the objectives of the enterprise are achieved. Decisions must be taken in three key areas: * Investment - both long-term investment in non-current assets and short-term investment in working capital; * Finance - from what sources should funds be raised? * Dividends - how should cash funds be allocated to shareholders and how will the value of the business are affected by this? Efficient financial management requires the existence of some objective or goal, because judgment as to whether or not a financial decision is efficient must be made in light of some standard. Although various objectives are possible, we assume in this book that the goal of the firm is to maximize the wealth of the firm’s present owners. Shares of common stock give evidence of ownership in a corporation. Shareholder wealth is represented by the market price per share of the firm’s common stock, which, in turn, is a reflection of the firm’s investment, financing, and asset management decisions. The idea is...
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...Technology Institute Your Partner in Technological and Industrial Growth Contents ITI Quality Policy 1 Act & Legislation 2 Mandate 2 Vision 2 Mission 2 Board of Management and Committees 3 Organization Structure 4 Senior Management 5 Chairman’s Message 6 Executive Report 8 Performance Highlights 15 Quality Infrastructure 19 Accelerating Industrial Technology Development 22 Benchmarking for Competitiveness 28 Monitoring and Mitigating Pollution 33 Technology for Human welfare and Socio-economic Upliftment 37 Training Programs & Workshops 38 Capacity Building 40 New Initiatives 43 Corporate Awareness 46 Information for Industry 48 Awards and Recognition 52 Corporate Social Responsibility 54 Social, Welfare and Religious Activities 55 Publications, Presentations and Patents 57 Human Resources 62 Executive Staff 65 Financial Report 2011 Auditor's Report AG's Report Reply ITI Quality Policy “The management of the Industrial Technology Institute is unreservedly committed to maintain the ISO 17025 Quality Management System for the Testing and Calibration services and ISO 9000 Quality Management System for the entire Institute, in keeping with the National Quality Policy, thus providing customers with services of the highest professional standards. All ITI staff has been made fully aware of the Quality Systems operated...
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