Sri Lanka’s largest private bank, Commercial Bank of Ceylon PLC, in terms of assets last week announced a Rs.3 per share second interim dividend for the financial year 2016.
The payment of dividends will be carried out on February 7, 2017. The bank said no shareholder approval is required for the distribution of the dividend.
Commercial Bank operates a network of 253 branches and 653 ATMs in Sri Lanka.
The bank’s overseas operations encompass Bangladesh, where the bank operates 18 outlets, Myanmar, where it has a representative office in Yangon, the Maldives, where the bank opened a fully-fledged Tier I bank in September 2016 and Italy, where the bank launched its own money transfer service in November 2016.