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My Report
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 - 46| Director/Company | Relationship | Accommodation granted/Deposits | Current limit | Balance/outstanding | ||||
| as at December 31, 2023 | as at December 31, 2023 | as at December 31, 2022 | ||||||
| Rs '000 | Rs '000 | Rs '000 | ||||||
| (a) | Prof A K W Jayawardane | |||||||
| Sierra Cables PLC | Independent/Non- Executive Director | Loans and advances | _Edited-web-resources/image/23.png) |
Combined Limits available | 1,540,000 | 634,154 | 625,238 | |
| Off-balance sheet accommodations | 863,488 | 274,630 | 367,888 | |||||
| Deposits | 361,656 | 91,664 | ||||||
| Mother Lanka Foundation | Director | Loans and advances | 525 | – | 309 | |||
| Deposits | 4,756 | 2,913 | ||||||
| CBC Tech Solutions Limited | Chairman | Loans and advances | 250 | – | 7 | |||
| Off-balance sheet accommodations | – | – | 4,506 | |||||
| Deposits | – | 193,568 | 295,306 | |||||
| Arthur C Clarke Institute for Modern Technologies |
Member, Board of Governors | Deposits | – | 27 | 27 | |||
| (b) | Mr S Muhseen | Deputy Chairman | ||||||
| Amana Takaful Life PLC | Deposits | – | 7,301 | 6,699 | ||||
| CBC Finance Ltd. | Chairman | Loans and advances | 3,375,550 | 2,155,550 | 2,266,942 | |||
| Deposits | – | 94,099 | 78,609 | |||||
| David Pieris Holdings (Pvt) Ltd | Director | Loans and advances | 1,030,400 | 500,378 | – | |||
| Off-balance sheet accommodations | 650,000 | – | – | |||||
| Debentures | – | 350,000 | – | |||||
| Gestetner of Ceylon PLC | Director | Loans and advances | 20,100 | 3,755 | – | |||
| Off-balance sheet accommodations | 102,698 | 12,051 | – | |||||
| Deposits | – | 2,766 | – | |||||
| (c) | Mr S C U Manatunge | |||||||
| Commercial Development Company PLC | Managing Director | Loans and advances | 60,092 | 60,092 | 71,423 | |||
| Deposits | – | 263,061 | 276,666 | |||||
| Commercial Bank of Maldives Private Limited |
Deputy Chairman | Off-balance Sheet Accommodations | 680,925 | 680,925 | 734,000 | |||
| Deposits | – | 812,009 | 768,801 | |||||
| The Employers' Federation of Ceylon | Council Member | Deposits | – | 79,409 | – | |||
| Debentures | – | 6,820 | – | |||||
| Credit Information Bureau of Sri Lanka | Director | Deposits | – | 95 | – | |||
| (d) | Mr L D Niyangoda | |||||||
| A. Baur & Co (Pvt.) Ltd. | Chairman | Loans and advances | |
Combined Limits available | 5,450,000 | 4,613,000 | 4,495,634 | |
| Off-balance sheet accommodations | 10,050,000 | 5,379,217 | 3,947,700 | |||||
| Deposits | – | 5,689,057 | 5,221,681 | |||||
| (e) | Ms N T M S Cooray | |||||||
| Ceylon Tea Brokers PLC | Non-Executive Director | Deposits | – | 5,550 | 4,898 | |||
| Jetwing Hotels Limited | Director | Deposits | – | 5,787 | 3,801 | |||
| Negombo Hotels Ltd. | Director | Deposits | – | 3,747 | 3,222 | |||
| The Lighthouse Hotel PLC | Executive Director | Deposits | – | 17,605 | 22,973 | |||
| Jetwing Travels (Pvt) Ltd. | Chairman/Managing Director | Loans and advances | 31,500 | 340 | 190 | |||
| Off-balance sheet accommodations | 100,000 | 30,384 | 93,895 | |||||
| Deposits | 2,817,807 | 2,347,275 | ||||||
| Jetwing Air (Pvt) Ltd. | Director | Loans and advances | 20,000 | – | – | |||
| Off-balance sheet accommodations | 165,000 | 100,141 | 104,666 | |||||
| Deposits | – | 351,854 | 150,487 | |||||
| Jetwing Hotel Management Services (Pvt) Ltd. |
Director | Deposits | – | 26 | 26 | |||
| Allianz Insurance Lanka Ltd. | Independent/Non-Executive Director | Deposits | – | 17,337 | 27,374 | |||
| Go Vacation Lanka Co. (Pvt) Ltd. | Director | Deposits | – | 22,981 | 4,088 | |||
| Allianz Life Insurance Lanka Ltd. | Independent/Non-Executive Director | Deposits | – | 465 | 491 | |||
| Yarl Hotels (Pvt) Ltd. | Director | Deposits | – | 12 | 27 | |||
| Jetwing Symphony PLC | Executive Director | Deposits | – | 1,383 | 211,450 | |||
| Capital Alliance Holdings Ltd. | Director | Deposits | – | 6,290 | 1,880 | |||
| Saman Villas Ltd. | Director | Deposits | – | 897 | 456 | |||
| (f) | Ms J Lee | |||||||
| DBS Bank Ltd. | Director | Off-balance sheet accommodations | 12,970,000 | 2,807,600 | – | |||
| (g) | Mr R Senanayake | |||||||
| Senkadagala Finance PLC | Chairman | Loans and advances | 6,400,000 | 3,699,912 | 2,933,270 | |||
| Deposits | – | 1,652,802 | 2,045,302 | |||||
| Debentures | – | 6,960 | 6,960 | |||||
| Virtual Capital Technologies (Pvt) Ltd. | Director | Deposits | – | 11 | 17 | |||
| (h) | Dr S Selliah | |||||||
| Asiri Hospital Holdings PLC | Deputy Chairman | Loans and advances | _Edited-web-resources/image/25.png) |
Combined Limits available | 1,567,214 | 1,754,311 | 2,436,856 | |
| Off-balance sheet accommodations | 305,000 | – | – | |||||
| Deposits | – | 4,714 | 15,434 | |||||
| Asiri Surgical Hospital PLC | Deputy Chairman | Loans and advances | |
Combined Limits available | 447,142 | 447,327 | 227,682 | |
| Off-balance sheet accommodations | 305,000 | – | – | |||||
| Central Hospitals Ltd. | Deputy Chairman | Loans and advances | 886,628 | 879,797 | 1,333,652 | |||
| Deposits | – | 42,851 | 745 | |||||
| Lanka Tiles PLC | Director | Loans and advances | 200,000 | – | ||||
| Off-balance sheet accommodations | 400,000 | 85,167 | – | |||||
| Deposits | – | 690,130 | 482,778 | |||||
| ACL Cables PLC | Director | Deposits | – | 7,446 | 736 | |||
| Lanka Walltiles PLC | Director | Loans and advances | |
Combined Limits available | 2,520,000 | 2,954,904 | 1,056,852 | |
| Off-balance sheet accommodations | 730,000 | 185,670 | 205,630 | |||||
| Deposits | – | 31,756 | 53,224 | |||||
| Cleanco Lanka (Pvt) Ltd. | Chairman | Loans and advances | 250 | – | 24 | |||
| Deposits | – | 147,115 | 215,853 | |||||
| Swisstek (Ceylon) PLC | Director | Deposits | – | 11,893 | 9,039 | |||
| JAT Holdings PLC | Chairman | Loans and advances | |
Combined Limits available | 68,200 | 1,084,120 | 924,515 | |
| Off-balance sheet accommodations | 1,689,190 | 284,666 | 415,117 | |||||
| Deposits | – | 37,430 | 44,647 | |||||
| Debentures | – | 24,220 | 6,960 | |||||
| Arunodhaya (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | |||
| Deposits | – | 55 | 52 | |||||
| Debentures | – | 4,430 | 4,430 | |||||
| Arunodhaya Industries (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | |||
| Deposits | – | 55 | 52 | |||||
| Debentures | – | 4,430 | 4,430 | |||||
| Andysel (Pvt) Ltd. | Chairman | Loans and advances | 47,000 | – | – | |||
| Deposits | – | 55 | 52 | |||||
| Vydexa (Lanka) Power Corporation (Pvt) Ltd. | Chairman | Deposits | – | 1,586 | ||||
| Arunodhaya Investments (Pvt) Ltd. | Director | Loans and advances | 55,000 | – | – | |||
| Deposits | – | 55 | 52 | |||||
| Debentures | – | 4,430 | 4,430 | |||||
| (i) | Mr S Prabagar | |||||||
| Commercial Bank of Maldives Private Limited | Director | Off-balance Sheet Accommodations | 680,925 | 680,925 | 734,000 | |||
| Deposits | – | 812,009 | 768,801 | |||||
| CBC Myanmar Microfinance Company Limited | Director | Off-balance Sheet Accommodations | 324,250 | 324,250 | – | |||