Global MDs Interview on TBS

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CBC Global MD Discusses IFRS 9 Adoption and Future of Bangladesh’s Banking Sector

Commercial Bank of Ceylon (CBC) PLC’s Global Managing Director, Mr. Sanath Manatunge, recently shared insights on Bangladesh’s banking landscape in an exclusive interview with The Business Standard. He highlighted the country’s plan to adopt International Financial Reporting Standard 9 (IFRS 9) by 2027, emphasizing its role in improving financial transparency, risk management, and investor confidence. Mr. Manatunge also discussed CBC’s commitment to leading this transformation through digital banking, green financing, and strong governance.

With a 105-year legacy and 22 successful years in Bangladesh, CBC continues to demonstrate resilience, maintaining a strong balance sheet and the lowest loan classification ratio in the industry. The discussion also covered emerging banking trends, regulatory changes, and CBC’s strategies to navigate future challenges while supporting Bangladesh’s long-term economic growth.

Read the full interview here: https://www.tbsnews.net/economy/corporates/ifrs-adoption-boost-investor-confidence-reshape-bangladeshs-banking-landscape

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Global MDs Interview on TBS

CBC Global MD Discusses IFRS 9 Adoption and Future of Bangladesh’s Banking Sector Commercial Bank of Ceylon (CBC) PLC’s Global Managing Director, Mr. Sanath Manatunge,

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K Sripavan

Chairman

Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.