For the year ended 31 December

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

LKR million

Operating results

Income

126,546

131,502

154,121

189,211

221,021

239,116

247,164

290,362

513,149

542,187

Interest income

107,395

112,745

134,685

171,344

195,394

220,477

226,311

260,513

456,267

524,798

Interest expenses

(68,945)

(66,419)

(80,728)

(112,988)

(129,836)

(145,331)

(151,535)

(149,261)

(329,921)

(433,610)

Net interest income

38,450

46,326

53,957

58,356

65,558

75,146

74,776

111,252

126,346

91,188

Other operating income

19,151

18,756

19,437

17,868

25,627

18,640

20,853

29,849

56,882

33,001

Other operating expenses

(33,258)

(34,987)

(35,940)

(38,632)

(48,181)

(53,580)

(66,619)

(88,885)

(140,938)

(71,183)

Operating profit before taxes on
financial services

24,343

30,095

37,454

37,592

43,004

40,206

29,010

52,216

42,290

53,006

Taxes on financial services

(4,052)

(4,816)

(6,265)

(7,249)

(9,588)

(10,521)

(5,458)

(9,027)

(11,313)

(12,664)

Profit before income tax

20,291

25,279

31,189

30,343

33,416

29,685

23,552

43,189

30,977

40,342

Income tax expense

(6,717)

(7,922)

(6,398)

(9,031)

(12,413)

(6,587)

(5,787)

(5,599)

995

(13,649)

Profit for the year

13,574

17,357

24,791

21,312

21,003

23,098

17,765

37,590

31,972

26,694

As at 31 December

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

LKR million

Assets

Cash and cash equivalents

35,583

79,917

67,706

72,843

78,447

64,869

84,417

82,647

128,401

135,550

Balances with Central Banks

30,422

38,940

56,388

68,689

65,680

54,594

33,352

74,122

70,495

34,933

Placements with banks

13,349

27,976

11,675

8,067

40,450

44,476

27,616

4,957

16,459

74,966

Loans and advances to customers

741,348

826,790

1,000,082

1,163,161

1,429,107

1,549,805

1,988,409

2,413,762

2,325,594

2,209,061

Other financial assets

438,554

522,762

461,193

567,778

579,023

599,352

752,159

1,116,130

1,576,349

1,747,617

Investments in subsidiaries and

associates

7,056

6,306

6,606

8,274

8,181

Investment properties

3,000

2,883

2,766

2,649

2,534

2,415

Property, Plant and Equipment
and right of use assets

16,296

16,431

15,584

23,148

24,277

29,059

36,575

35,895

37,847

46,073

Intangible assets

385

373

563

811

1,238

1,127

1,021

1,040

1,442

1,555

Net employee benefit assets,

derivative financial instruments

and other assets

46,027

48,044

46,794

37,818

57,237

62,580

50,292

64,042

169,184

151,397

Total assets

1,329,020

1,568,289

1,669,291

1,951,804

2,284,831

2,415,117

2,982,981

3,803,284

4,336,460

4,411,748

Liabilities

Due to banks

890

2,630

2,042

2,203

2,402

2,669

2,402

17,936

11,515

3,048

Due to customers

933,966

1,082,337

1,256,589

1,546,832

1,770,975

2,005,212

2,474,775

2,866,894

3,334,774

3,882,232

Debt securities issued and
subordinated term debts

53,282

39,055

42,072

42,570

50,827

54,222

64,637

64,359

63,758

64,692

Other borrowings

246,736

337,442

254,895

222,679

299,192

172,017

237,991

606,264

570,708

112,129

Current tax liabilities

2,081

1,877

3,922

592

648

6,523

7,622

Other liabilities

19,340

23,259

20,843

24,488

25,343

38,714

45,925

46,423

94,998

90,311

Total liabilities

1,254,214

1,486,804

1,576,441

1,840,649

2,152,661

2,272,834

2,826,322

3,602,524

4,082,276

4,160,034

Equity

Share capital

10,000

15,000

20,000

25,000

25,730

Permanent reserve fund

3,810

5,210

7,996

10,427

12,890

13,383

13,739

14,491

15,131

15,665

Retained earnings

44,861

51,086

54,155

63,472

78,062

87,689

96,984

136,739

158,616

171,352

Other reserves

16,135

15,189

15,699

17,256

16,218

16,211

20,936

24,530

54,707

38,967

Total equity

74,806

81,485

92,850

111,155

132,170

142,283

156,659

200,760

254,184

251,714

Total liabilities and equity

1,329,020

1,568,289

1,669,291

1,951,804

2,284,831

2,415,117

2,982,981

3,803,284

4,336,460

4,411,748

Contingent liabilities and
commitments

721,763

696,857

547,399

496,477

508,307

508,218

580,449

999,727

1,344,900

1,539,206

TEN YEAR STATISTICAL SUMMARY – BANK

As at 31 December

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

LKR million

Ratios

Return on average assets (%)

1.6

1.7

1.9

1.7

1.6

1.3

0.9

1.3

0.8

0.9

Return on average equity (%)

20.5

22.2

28.4

20.9

17.3

16.8

11.9

21.0

14.1

10.6

Income growth (%)

(0.7)

3.9

17.2

22.8

16.8

8.2

3.4

17.5

76.7

5.7

Capital adequacy ratio (%) *
- Tier I

9.5

9.1

8.7

10.8

10.3

11.2

14.3

12.4

12.8

- Tier I + Tier II

13.6

13.1

12.3

14.6

15.6

14.9

17.8

15.4

15.8

Capital funds to liabilities
including contingent liabilities (%)

3.8

3.7

4.4

4.8

5.0

5.1

4.6

4.5

4.7

4.4

Liquidity ratio - domestic (%)

30.8

28.2

21.6

27.2

24.5

24.6

26.6

25.0

21.2

42.8

Cost to income ratio (%)

44.0

44.7

43.0

38.4

38.1

37.3

37.0

32.0

29.4

55.7

Other information

Number of employees

8,577

7,980

7,569

7,587

8,724

8,503

8,479

8,337

8,209

8,579

Number of branches

573

578

580

578

577

581

582

581

583

Number of ATMs, CDMs and CRMs

540

563

801

932

1,057

1,197

1,130

1,400

1,457

1,486

Number of advances (’000)

2,384

2,146

2,122

2,226

2,606

2,715

2,598

2,396

2,354

2,432

Number of deposits (’000)

12,311

12,322

12,706

13,254

13,421

14,480

15,027

15,287

15,863

16,903

Cash flow from operating activities

72,987

127,503

(21,346)

135,039

(25,790)

36,213

95,370

55,027

215,253

58,707

Cash flow from investing activities

(27,222)

(101,988)

83,642

(56,384)

11,667

25,620

(102,961)

(298,678)

(12,774)

41,016

Cash flow from financing activities

(29,519)

17,982

(73,927)

(73,822)

19,983

(75,901)

28,045

226,463

(150,755)

(84,795)

Capital expenditure on purchase
of PPE and Lease hold properties

(1,743)

(1,332)

(2,053)

(3,081)

(3,400)

(3,386)

(2,946)

(1,771)

(2,244)

(3,178)

Note:
* 2017 onwards capital adequacy ratio figures are as per Basel III guidelines issued by the Central Bank of Sri Lanka.

Disclosure in terms of Section 7.6 (xvi) of the Listing Rules of the Colombo Stock Exchange on related party transactions exceeding 10% of the
equity or 5% of the total assets of the Bank

The Bank did not carry out any transactions exceeding 10% of the equity or 5% of the total assets of the Bank, whichever is lower, with the related
parties given in Note 61 to the Financial Statements, except for the transactions engaged with the Government of Sri Lanka and Government related
entities.

The Government of Sri Lanka, who holds 100% shareholding in Bank of Ceylon and Government related entities, carry out transactions with the Bank, in
the ordinary course of business and the aggregate monetary value of these transactions exceeded the threshold given in Section 7.6 (xvi) of the Listing
Rules of Colombo Stock Exchange.

These transactions include:

1.   Loans granted to the Government of Sri Lanka and State-Owned Enterprises.
2.   Investment in Sovereign Bonds, Treasury bills and bonds issued by the Government of Sri Lanka.
3.   Extending of trade finance credit and other related services to facilitate import transactions of the Government of Sri Lanka and State-Owned

Enterprises.

4. Deposits made by the Government and Government related entities with the Bank

Most of these transactions are considered as recurrent nature transactions and the outstanding balances as at reporting date are given in Note 61.4 to
the Financial Statements.