Economic Capsule August 2011

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C o n t e n t s ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Research & Development Unit

[object Object],[object Object],[object Object],[object Object],[object Object],Commercial Bank Wins Finance Asia’s Best Bank Award Research & Development Unit

Commercial Bank has been ranked 52 nd in the world in the performance category (assessed on profits on average capital) and 986 th on Tier 1 capital, the criterion widely accepted as the most important benchmark for assessing the financial stability of a bank, in the publication’s July 2011 issue. Commercial Bank Only Sri Lankan Bank in World’s Top 1,000 Sri Lanka is once again represented in the top 1,000 banks in the world, with the inclusion of the Commercial Bank to this prestigious annual ranking by the UK based ‘The Banker’ magazine. Commercial Bank is the only Sri Lankan Bank in this ranking by the premier magazine serving the world’s investment, retail & commercial banking sectors. Source:The Banker – July 2011 Research & Development Unit Rank Strength Size Soundness Profits Performance Latest 12/10 Tier I Capital Assets Capital Assets Ratio Pre-tax Profit Real Profit Growth Profits on Average Capital Return on Assets USD Mn % ch. USD Mn Rank % ch. % Latest % Prev. Rank Latest USD Mn % ch. % latest Rank Latest % latest % prev. Rank Latest % Rank 986 265 17.51 3338 915 18.37 7.94 8.00 430 84 34.88 26.14 383 34.19 28.77 52 2.51 90

Top 5 Banks in the World According to the Banker’s Top 1000 World Bank rankings, assets had grown, by 6.4%, to cross the USD 100 tn mark for the first time. Profits soared by 77% to USD 709bn for the 2010 financial year, a USD 80bn short of the pre-crisis peak in 2007. In total, 105 banks returned to profit in 2011 ranking from last year’s losses, whereas only 14 have tipped from profit to loss. Source:www.thebankerdatabase.com Research & Development Unit

[object Object],[object Object],[object Object],Commercial Bank First to Support National Development with IFA Loan Commercial Bank has become the first bank in Sri Lanka to support national development initiatives with concessionary long term lending from its Investment Fund Account (IFA) set up in accordance with a proposal by President Mahinda Rajapakse in the 2011 budget. Research & Development Unit

[object Object],[object Object],[object Object],Commercial Bank Rated 'AA+' by RAM Research & Development Unit

Commercial Bank Opens Exclusive ‘Elite’ Branch at Colombo 7 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The Commercial Bank of Ceylon has unveiled a new echelon in customer relationship management with the launch of ‘Elite,’ a portfolio of exclusive special privileges and benefits designed for a select segment of customers to be served at the new Elite Branch of the bank. Commercial Bank Chairman Mr. Mahendra Amarasuriya and Managing Director Mr. Amitha Gooneratne open the Bank’s Elite branch. Research & Development Unit

Commercial Bank - Service Points Openings Research & Development Unit 201 Grogory’s Road, Colombo 7

[object Object],[object Object],Listed Companies Net Profits up 30% to Rs. 32.7bn BOC gives USD 10mn Credit Line to Maldives ,[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Sri Lanka Emergency Rule ENDS... ,[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Hambantota Port gets USD 610 mn Worth Investments ,[object Object],[object Object],[object Object],Colombo Dockyard Wins Supply and Passenger Vessel Orders ,[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Central Bank Relaxes Forex Rules CBSL ’ s new policy measures (w.e.f. 17.08.11): ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Sri Lanka 1H Foreign Direct Investment - USD 413 mn ,[object Object],Sri Lanka’s Foreign Reserves Exceed USD 8 bn ,[object Object],[object Object],[object Object],Source: Central Bank of Sri Lanka The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit Period USD Mn 2009 601 2010 516 1Q, 2011 236 1H, 2011 413

Singapore Leads Sri Lanka's Exports Growth in 1H 2011 ,[object Object],Country Growth (%) External Sector Performance (Jan – Jun) Market Share (%) Source: Sri Lanka Export Development Board Source: Central Bank of Sri Lanka The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit Growth % (YoY) Singapore 74.00 Belgium 53.33 UK 51.20 Germany 45.24 Other 42.60 Italy 37.74 UAE 37.03 Japan 36.89 Netherlands 36.68 USA 25.99 India 22.56 Russia 19.24 Category (in USD Mn) 2010 2011 % Growth Exports 3,741.67 5,056.82 35.15 Agricultural 959.23 1,128.53 17.65 Industrial 2,734.65 3,863.53 41.28 Textiles and garments 1,499.40 2,019.66 34.70 Rubber products 221.02 411.48 86.18 Imports 6,353.70 9,307.14 46.48 Consumer Goods 1,338.47 2,091.19 56.24 Food & beverages 887.50 1,123.14 26.55 Intermediate Goods 3,568.36 5,170.85 44.91 Textile and clothing 741.11 1,114.23 50.35 Investment Goods 1,316.67 2,015.15 53.05 Machinery and equipment 519.03 907.72 74.89 Transport equipment 267.96 422.07 57.51 Balance of Trade -2,612.02 -4,250.33 62.72 Workers’ Remittances 1,983.12 2,506.57 26.40

Inflation - August 2011 The Colombo Consumers’ Price Index (CCPI) decreased by 0.3 % to 151.3 in August from 151.7 in July 2011. The rate of inflation on a year-on-year basis decreased to 7.0 %, while the annual average rate of inflation moved up slightly to 7.1 % in August, 2011. The contribution to the monthly decrease of 0.3 % in the Index came mainly from price decreases in the sub category of Food and non alcoholic beverages (0.7 %). The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit Period CCPI (%) CCPI Core (%) Y-o-Y A.A. Y-o-Y A.A. July, 2011 7.5 7.0 8.9 7.4 August, 2011  7.0  7.1  7.8  7.5

Global Economy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit ,[object Object],[object Object],[object Object],[object Object],[object Object]

Analysis & Forecast The High Risk of a Double-dip Recession ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Analysis & Forecast Trade and Investment Opportunities - Rising Asia and the Pacific ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

Analysis & Forecast Movements in Interest Rate and Exchange Rate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC Research & Development Unit

The views expressed in Economic Capsule are not necessarily those of the Management of Commercial Bank of Ceylon PLC The information contained in this presentation has been drawn from sources that we believe to be reliable. However, while we have taken reasonable care to maintain accuracy/completeness of the information, it should be noted that Commercial Bank of Ceylon PLC and/or its employees should not be held responsible, for providing the information or for losses or damages, financial or otherwise, suffered in consequence of using such information for whatever purpose. Research & Development Unit "Gratitude is not only the greatest of virtues, but the parent of all the others." Marcus Tullius Cicero "Gratitude is not only the greatest of virtues, but the parent of all the others." Marcus Tullius Cicero (Marcus Tullius Cicero , was a Roman philosopher, statesman, lawyer, political theorist, and Roman constitutionalist.)

Economic Capsule August 2011

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Economic Capsule August 2011