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Institution Detail

Commercial Bank of Ceylon PLC

Sri Lanka

Mr Nandika Buddhipala

Chief Financial Officer

Summary

Commercial Bank is the largest private bank in Sri Lanka and the only Sri Lankan bank amongst the Top 1000 Banks of the World for ten successive years (The Banker Magazine, UK). The Bank operates the country’s single largest ATM network with an island-wide strategically located network of Branches/Service Points.

Commercial Bank offers the widest array of financial products and services, ranging from savings accounts targeted at children, teens, youth, women, executives to the senior citizens, Foreign Currency products, an extensive portfolio of loan products including Leasing, SME and micro-financing, Bancassurance, Islamic Banking, Banking for High Net worth Individuals, Credit & Debit Cards, Corporate Banking products along with Trade Finance services.

Description

With its roots running back to 1920 when its forerunner Eastern Bank commenced its operations in Sri Lanka, Commercial Bank possesses a rich heritage. Commercial Bank is the largest private bank in Sri Lanka and the only Sri Lankan bank amongst the Top 1000 Banks of the World for ten successive years (The Banker Magazine, UK). The Bank operates the country’s single largest ATM network with an island-wide strategically located network of Branches/Service Points. Commercial Bank is the first and the only Bank in Sri Lanka to achieve carbon neutral status.

Commercial Bank operates a network of over 265 branches and over 900 ATMs in Sri Lanka. The Bank has won multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank, Most Respected Bank, Most Responsible Bank from a number of local and international institutions and publications over several years.

Commercial Bank offers the widest array of financial products and services, ranging from savings accounts targeted at children, teens, youth, women, executives to the senior citizens, Foreign Currency products, an extensive portfolio of loan products including Leasing, SME and micro-financing, Bancassurance, Islamic Banking, Banking for High Net worth Individuals, Credit & Debit Cards, Corporate Banking products along with Trade Finance services.

The Bank also has introduced a multitude of cutting-edge innovative e-Banking solutions. These range from Online Banking to Mobile Banking, along with SMS Banking, Mobile Phone Cash Top Up facility and overseas SWIFT Money Remittance Services through which Commercial Bank has revolutionized “Banking Convenience” in the country. The Bank also has very innovative Automated Banking Centres, Self-service Touch Screens in Branches and Automated Instant Cash and Cheque Deposit Machines along with ATMs which offer utility bill payment facilities in addition to cash withdrawals.

The Corporate Social Responsibility Trust of the Commercial Bank of Ceylon PLC is an initiative aimed at uplifting the lives of communities across the country. Understanding that the smallest actions if done with purpose and dedication have the potential to bring about monumental change Commercial Bank's commitment goes well beyond the financial domain. The Bank annually allocates a percentage of its profits to the CSR Trust of the Bank.

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it operates a Microfinance company in Nay PyiTaw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.

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