Our History

A long tradition of more than 100 years

Commercial Bank has over 100 years of unparalleled growth and achievement. Having made a distinctive mark in Bangladeshi banking history, we stand out for our superlative service and technological superiority.

Journey through History

2004
2004

Commercial Bank Social Responsibility Trust was set up

2005
2005

Raised US $ 65 Mn. two-year syndicated loan with an option to extend it for a further year at the option of the lender, the first such loan by a non-sovereign corporate in the country. Introduced the first mobile ATM in the country.

2006
2006

Raised US $ 10 Mn. by issuing a five-year bond, the first of its kind by an indigenous bank in Sri Lanka. Opened 150th branch at Mahiyanganaya

2008
2008

Sold off its 30% stake in the equity of Commercial Leasing Company PLC. , Became the first Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’

2009
2009

Became the first and only Bank in Sri Lanka to be CMMi certified

2010
2010

Installed its 400th ATM at the Ruwanwella branch adding 50 ATMs during the year

2010
2010

Received 12th ‘Best Bank’ Award from Global Finance

2011
2011

Installation of 500th ATM at the Maradana Railway Station

2011
2011

Became the only Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’ for the 2nd time.

2012
2012

Won Euromoney’s Best Bank award

2012
2012

Became the only Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’ for the 3rd time and for the 2nd consecutive year. Raised as US $ 65 Mn., from the International Financial Corporation (IFC)

2012
2012

Donated landmark of 50th IT Lab to President’s College Sri Jayawardenapura, Kotte

2013
2013

Became the only Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’ for the 4th time and for the third consecutive year.

2013
2013

Raised US$ 75 million from the IFC as a ten year Subordinated Term Debt that qualifies for Tier II Capital

2013
2013

Adjudged as the ‘Best Local Trade Bank in Sri Lanka’ by ‘Trade Finance (UK)’ for 4th time since Trade Finance began presenting this award since 2009

2014
2014

Bank installed its 600th ATM at the Gold Centre branch

2014
2014

Bank acquired the ownership of Indra Finance Ltd

2014
2014

The 2013 Annual Report of the Commercial Bank of Ceylon PLC won two key awards at the Best Presented Annual Report Awards presented by the South Asian Federation of Accountants (SAFA) including the Gold award for the Winner in the Private Sector category

2014
2014

Adjudged ‘The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of strategic intelligence on the financial services industry

2014
2014

Adjudged as Sri Lanka’s ‘Best Bank’ for the 16th consecutive year by one of the world’s most respected financial publications, ‘Global Finance (USA)’

2014
2014

Became the only Sri Lankan bank to be ranked among the ‘Top 1000 Banks in the World’ for the 5th time and for the fourth consecutive year

2014
2014

Adjudged as Sri Lanka’s ‘Bank of the Year’ by the respected UK-based ‘The Banker’ Magazine

2014
2014

Adjudged Runner-Up at Best Corporate Citizen awards

2015
2015

240th branch Opened in Nochchiyagama

2015
2015

Launched paperless Green Banking facility

2015
2015

Begun Myanmar operations with opening of Yangon office

2015
2015

Received FinanceAsia Best Bank Country Award

2015
2015

Received Euromoney’s Best Bank in Sri Lanka award

2016
2016

Sri Lanka’s first Remittance Card has been launched by the Bank to introduce a new dimension in convenience to the process of transferring funds from overseas to local beneficiaries.

2016
2016

Commercial Bank of Maldives, a subsidiary of Commercial Bank of Ceylon and a joint venture with Tree Top Investments Maldives, formally inaugurated its banking operations in the Maldives

2016
2016

Head Office relocates to Hadi Tower, Gulshan, Dhaka

2016
2016

Opening of the relocated Head office and Corporate branch at Hadi Tower, Gulshan, Dhaka in 2016

2018
2018

Opening of Renovated Motijheel Branch - Interior

2018
2018

Opening of Renovated Motijheel Branch

2019
2019

Opening of Relocated Pragati Sarani SME Service Center at Haveily Center, Basundhara Road, Vatara - Dhaka

2020
2020

100 Years Celebration of Commercial Bank of Ceylon PLC by Bangladesh Operations

2020
2020

Opening of Renovated Jubilee Road SME Service Center, Jubilee Road - Chattogram

2021
2021

2021
2021

Best Foregin Bank in Bangladesh by The Global Economics

2021
2021

Management with the Awards received in 2021

2021
2021

Opening of Relocated Shantinagar SME Service Center at Irish Nurjahan Tower, Ramna - Dhaka

2022
2022

April 2022: Opening of a sub-branch and 2 ATM booths inside the US Embassy premises in Dhaka.

2023
2023

- Credit Rating AAA for 13 Consecutive Years

Our History

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Our History

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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.