Cargills Bank

Cargills Bank PLC
FormerlyCargills Bank Limited (2014-2024)
Company typePublic
CSE: CBNK.N0000
ISINLK0491N00007
IndustryFinancial services
Founded2014; 10 years ago (2014)
Headquarters
Colombo
,
Sri Lanka
Number of locations
23 branches (2022)
Key people
  • Richard Ebell (Chairman)
  • Senarath Bandara (CEO)
RevenueIncrease LKR9.489 billion (2022)
Increase LKR4.281 billion (2022)
Increase LKR488 million (2022)
Total assetsDecrease LKR53.753 billion (2022)
Total equityIncrease LKR9.720 billion (2022)
Owners
Number of employees
598 (2022)
Websitewww.cargillsbank.com
Footnotes / references
[1]

Cargills Bank PLC is a licensed commercial bank in Sri Lanka.[2] It received its license from Central Bank of Sri Lanka to operate domestic and offshore banking business on 21 January 2014 and was ceremonially opened on 30 June 2014. At present the bank consists of 17 branches island-wide with the head office based in Kollupitiya.

IPO

Cargills Bank announced its initial public offering on 30 November 2023. The bank intended to raise LKR500 million through the IPO.[3] The IPO was oversubscribed on its opening day itself. The IPO was also the first by a commercial bank in a decade.[4]

See also

References

  1. ^ "Annual Report 2022". cargillsbank.com. Cargills Bank Limited. Retrieved 24 December 2023.
  2. ^ "Licensed Commercial Banks". cbsl.gov.lk. Archived from the original on 2016-11-19. Retrieved 2016-12-01.
  3. ^ "Cargills Bank Rs. 500 m IPO opens for subscription". Daily FT. 1 December 2023. Retrieved 24 December 2023.
  4. ^ "Cargills Bank's Rs. 500 m IPO snapped up". Daily FT. 15 December 2023. Retrieved 24 December 2023.