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1920
The Eastern Bank Ltd. (EBL) opened a branch in
Chatham Street.
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1957
The share capital of EBL was acquired by the
Chartered Bank.
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1969
The Commercial Bank of Ceylon Ltd. was incorporated
with EBL holding 40% of its equity.
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1971
The business of the EBL was taken over by the
Chartered Bank.
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1973
The Galle, Jaffna and Kandy branches of the Mercantile
Bank Ltd. were acquired by the Bank.
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1973
The Galle, Jaffna and Kandy branches of the Mercantile
Bank Ltd. were acquired by the Bank.
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1979
The Foreign Currency Banking Unit (FCBU) was formed.
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1980
Commercial Development Company Ltd. was incorporated
to construct a Headquarters for the Bank with a 40%
equity participation.
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1984
The Headquarters of the Bank was shifted to ‘Commercial
House’, No. 21, Bristol Street (now known as Sir Razik
Fareed Mawatha), Colombo 01.
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1987
EBL changed its name to Standard Chartered (UK)
Holdings Ltd.
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1990
Introduced ATM facilities to its customers.
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1993
Introduced the Core Banking Software - International
Comprehensive Banking System (ICBS).
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1994
Bank celebrated its 25th Anniversary.
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1996
Shareholdings in Commercial Development Company Ltd.
increased to 94.55% through a share swap.
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1997
Standard Chartered Bank sold its 40% stake in the Bank.
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1998
365-day branch at Colombo 07 was opened. All branches
except Jaffna were linked to the ICBS.
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1999
Banking and supermarketing were combined by opening
the first 'MiniCom'.
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2000
Internet Banking was launched.
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2001
Opened the 100th branch at Kaduruwela and the Gold
Trading Unit at the Foreign Branch.
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2003
The operations of Credit Agricole Indosuez in Bangladesh
was taken over.
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2004
Commercial Bank Social Responsibility Trust was set up.
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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.
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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.
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2008
Sold of 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’.
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2009
Became the first and only Bank in Sri Lanka to be
CMMi certified.
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2010
Installed its 400th ATM at the Ruwanwella branch adding 50 ATMs during the year.
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2011
Became the only Sri Lankan bank to be ranked among
the ‘Top 1000 Banks in the World’ for the 2nd time.
Opened the 200th delivery point at Kataragama and installed the 500th ATM.
Set up Islamic Banking Unit and Elite Branch for high networth customers.
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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).
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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.
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.
Raised US$ 75 million from the IFC as a ten year Subordinated Term Debt that qualifies for Tier II Capital.
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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
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)’.
Adjudged ‘The Strongest Bank in Sri Lanka in 2014’ by The Asian Banker, a leading provider of strategic intelligence on the financial services industry.
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.
Bank acquired the ownership of Indra Finance Ltd.
Bank installed its 600th ATM at the Gold Centre branch.