Independent Opinion

Standing left to right – Mr. Dinesh Jebamani (Chief Manager Liability Product Management and New Age Media – Seylan Bank), Mr.Sudesh Peiris (Senior Manager – Digital Banking Channels – Seylan Bank), Ms. S.Senevirathne (Representative of the Revenue Department – Western Province), Mr. Tilan Wijeyesekera (Deputy General Manager – Retail Banking – Seylan Bank) and Mr. Malik Wickremanayaka (Deputy General Manager – Operations – Seylan Bank)

Commercial Bank plans to tap the market for Rs. 4 bn with the backing of an issue rating from Fitch.
The bank already has an AA+ rating for its senior debt.rn

rnCommercial Bank says the issue rating which could be a notch lower than its senior debt rating will be made public.rn

rnldblquote Whatever the rating, we will publish. So there will be absolute transparency,
dblquote says Ranjith Samaranayke of Commercial Bankrn

rnCommercial Bank also announced sharply higher earnings for last year but warned that the bottom line could stagnate this year. rn

rnThe bank notched up a Rs. 1.3 bn post tax profit for 2002 on the back of low interest rates and improved trade finance.rn