Abar Dekha Hobe.....
Commercial Bank of Ceylon PLC - Bangladesh Operations Disclosures on Risk Based Capital Requirement under Pillar III of Basel II for the year ended 31 December 2010 1. Disclosure Policy:
Annex A - - -/1
In accordance with Bangladesh Bank revised guidelines on risk based capital adequacy under Basel II to complement the capital adequacy requirements under Pillar III. Commercial Bank of Ceylon PLC ("the Bank") has approved policy to observe the disclosure requirements set out by the Bangladesh Bank (BB). The major highlighted regulations of the Bangladesh Bank are: a. b. c. d. e. To comply with international best practices and make the Bank's Capital more risk-absorbent; To maintain minimum capital requirement by the Bank against credit, operational and market risks; To maintain capital adequacy ratio as per requirement of the Bangladesh Bank's; To adopt the approved credit rating agencies as external credit assessment institutions (ECAI); To adopt standardised approach for both credit and market risks and basic indicator approach for operational risk; f. To submit capital adequacy returns to Bangladesh Bank on a quarterly basis.
2. Scope of Applications The risk based capital adequacy framework applies to Commercial Bank of Ceylon PLC, Bangladesh Operations, on " Solo Basis" as the Bank has no subsidiaries or significant investments rather operating in Bangladesh as a Branch of foreign bank, Commercial Bank of Ceylon PLC, incorporated in Sri Lanka. 3. Disclosures Framework The disclosures requirements as per Bangladesh Bank Basel II Guidelines are enumerated below: 3.1 Capital Structure Qualitative Disclosure The Bank's total capital as of 31 December 2010 was Taka 3,294.97 million out of which Taka 3,038.88 million was under Tier-I and remaining Taka 256.08 million was under Tier-II. The main features of our Tier-I capital of Taka 3,038.88 million is Taka 2,103.04 million kept with Bangladesh Bank as per section 13 (4) of Banking Companies Act 1991 and the
Annex A - - -/1
In accordance with Bangladesh Bank revised guidelines on risk based capital adequacy under Basel II to complement the capital adequacy requirements under Pillar III. Commercial Bank of Ceylon PLC ("the Bank") has approved policy to observe the disclosure requirements set out by the Bangladesh Bank (BB). The major highlighted regulations of the Bangladesh Bank are: a. b. c. d. e. To comply with international best practices and make the Bank's Capital more risk-absorbent; To maintain minimum capital requirement by the Bank against credit, operational and market risks; To maintain capital adequacy ratio as per requirement of the Bangladesh Bank's; To adopt the approved credit rating agencies as external credit assessment institutions (ECAI); To adopt standardised approach for both credit and market risks and basic indicator approach for operational risk; f. To submit capital adequacy returns to Bangladesh Bank on a quarterly basis.
2. Scope of Applications The risk based capital adequacy framework applies to Commercial Bank of Ceylon PLC, Bangladesh Operations, on " Solo Basis" as the Bank has no subsidiaries or significant investments rather operating in Bangladesh as a Branch of foreign bank, Commercial Bank of Ceylon PLC, incorporated in Sri Lanka. 3. Disclosures Framework The disclosures requirements as per Bangladesh Bank Basel II Guidelines are enumerated below: 3.1 Capital Structure Qualitative Disclosure The Bank's total capital as of 31 December 2010 was Taka 3,294.97 million out of which Taka 3,038.88 million was under Tier-I and remaining Taka 256.08 million was under Tier-II. The main features of our Tier-I capital of Taka 3,038.88 million is Taka 2,103.04 million kept with Bangladesh Bank as per section 13 (4) of Banking Companies Act 1991 and the