Organisational Overview

Our Journey Over 100 years


  • Eastern Bank Ltd. (EBL) opens a Branch in Chatham Street


  • EBL was acquired by Chartered Bank


  • Commercial Bank of Ceylon Ltd. (CBC), incorporated with EBL holding a 40% stake


  • Business of EBL was completely integrated with Chartered Bank


  • First two branches opened in Galewela and Matale


  • CBC acquired Galle, Jaffna and Kandy branches of Mercantile Bank Ltd.


  • Offshore Banking Centre formed


  • Commercial Development Company (CDC) formed to construct Head Office Building for CBC with 40% equity participation


  • Head Office moved to new premises at No. 21, Sir Razik Fareed Mawatha, (formerly Bristol Street), Colombo 01


  • EBL changed its name to Standard Chartered (UK) Holdings Ltd.


  • Introduced ATM facilities to customers


  • Introduced core banking software-International Comprehensive Banking System (ICBS)


  • Increased shareholding in CDC to 94.5% through a share swap


  • Standard Chartered Bank sold its 40% stake in the Bank


  • First 365 Day Branch opened in Colombo 07
  • All branches linked to ICBS (except Jaffna)


  • Launched Internet Banking


  • Opened the 100th branch at Kaduruwela


  • Acquired operations of Credit Agricole Indosuez in Bangladesh


  • Raised USD 65 Mn. syndicated loan, becoming the 1st non-sovereign corporate in
    Sri Lanka to source external funding


  • Issued USD 10 Mn. bond, becoming the first indigenous bank to do so


  • First Sri Lankan bank to be ranked among the Top 1000 Banks in the World


  • First Sri Lankan Bank to be certified CMMi


  • Commenced “Sharia” compliant Islamic Banking
  • Opened 200th branch in Kataragama
  • Opened an exclusive “Elite” Branch at Colombo 07 for high net worth customers
  • Reached milestone 500th ATM located at the Maradana railway station


  • Raised USD 65 Mn., from the International Finance Corporation (IFC)
  • Launched an exclusive Savings Account for Women named “Anagi”


  • Opened “24-Hour Automated Banking Centre” at Ward Place
  • Raised a 10-year subordinated debt of USD 75 Mn. from IFC


  • Bank acquired 100% stake of Indra Finance Ltd.
  • Became the first Sri Lankan Bank to be granted a license by the Central Bank of Myanmar to operate a Representative Office


  • Indra Finance, a fully-owned subsidiary of CBC, renamed Serendib Finance Ltd.


  • Commenced Commercial operations of Commex Sri Lanka S.R.L. Italy, our fully owned subsidiary
  • Opened Commercial Bank of Maldives Private Limited, 2nd foreign subsidiary with a 55% stake
  • The Bank became a Trillion Rupee Asset company


  • Commercial Bank of Maldives opened its second branch in Hulhumalé
  • CBC Myanmar Microfinance Company Limited., was established as the second fully-owned subsidiary of CBC outside Sri Lanka in Nay Pyi Taw, Myanmar


  • The second fully-owned subsidiary of CBC outside Sri Lanka, CBC Myanmar Microfinance Company Limited was opened in Nay Pyi Taw
  • Launched the country’s first fully-automated cheque deposit machine at City Office Branch in York Street Colombo
  • Introduced Flash Digital Bank Account


  • One of the leading mobile payment solutions in China, “WeChat Pay” acceptance launched in Sri Lanka for the first time by CBC with a partnership between Tenpay Payment Technology Ltd.
  • Became PCI-DSS (Payment Card Industry Data Security Standard) certified
  • “Flash” becomes Sri Lanka’s first multilingual Digital Banking App
  • Launched ComBank Q+ Sri Lanka’s first QR based payment app under LANKAQR
  • Launched “Yasasa” savings account exclusively for pensioners
  • Enabled Dynamic Currency Conversion at ATMs for foreign Visa Cards
  • Serendib Finance Ltd., a fully-owned subsidiary of CBC, was renamed CBC Finance Ltd.
  • Deposits surpassed Rs. 1 Tn. mark


  • Celebrated 100 years of banking in Sri Lanka with a series of events including a staff gathering of unprecedented scale
  • Private placement of shares with the IFC for USD 50 Mn.
  • Launched “ComBank Digital” powered by Fiserv, the US-based global provider of financial services technology
  • Commenced a project to donate smart STEM classes to 100 schools to mark the Bank’s centenary
  • The Bank was declared the “Strongest Bank Brand” in Sri Lanka by Brand Finance
  • Became Sri Lanka’s first carbon-neutral bank


  • UK’s CDC Group provided USD 50 Mn. to bolster SME lending and climate projects
  • First private sector bank to achieve the feat of Loan book surpassing Rs. 1 Tn., joining Assets and Deposits
  • Named once again among global giants in banking, becoming the only Sri Lankan bank to be ranked in the “Top 1000 World Banks”, for the 11th consecutive year


  • Introduced breakthrough “Tap to Phone” payments acceptance.
  • Under the latest environment-linked commitment, the Bank undertook to reforest a 100-hectare swath of degraded habitat belonging to the Kandegama forest in the Dimbulagala range of the Polonnaruwa District
  • Became the only Bank in Sri Lanka to win National Quality Award from
    Sri Lanka Standards Institution (SLSI)
  • Opened the 269th Branch at Kirillawala
  • Won 50 international awards including the Best Bank Sri Lanka – Bank of the Year awards from the Banker – UK
  • Refer Key Events of the Year