"ComBank" redirects here. For the Australian bank, see Commonwealth Bank.
Commercial Bank of Ceylon PLC
Company type
Public
Traded as
CSE: COMB.N0000
ISIN
LK0053N00005
Industry
Financial
Founded
1920 as Eastern Bank Ltd. 25 June 1969; 54 years ago (1969-06-25) as Commercial Bank of Ceylon Ltd
Headquarters
Colombo
,
Sri Lanka
Number of locations
271 branches (934 ATMs) (2024)
Area served
Sri Lanka
Bangladesh
Maldives
Myanmar
Key people
Sharhan Muhseen (Chairman)
Raja Senanayake (Deputy Chairman)
Sanath Manatunge (CEO)
Revenue
LKR280.387 billion (2022)
Operating income
LKR136.637 billion (2022)
Net income
LKR24.399 billion (2022)
Total assets
LKR2,499.554 billion (2022)
Total equity
LKR212,973 billion (2022)
Owners
DFCC Bank PLC (12.12%)
Y. S. H. I. Silva (9.90%)
Employees' Provident Fund (8.62%)
Number of employees
5,121 (2022)
Subsidiaries
Commercial Development Company PLC
CBC Tech Solutions Limited
CBC Finance Ltd.
Commercial Insurance Brokers (Pvt) Ltd.
Commex Sri Lanka S.R.L. Italy
Commercial Bank of Maldives Private Limited
CBC
Myanmar Microfinance Company Limited
Website
www.combank.lk
Footnotes / references [1]
Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital.[2] The bank is currently the third largest bank in Sri Lanka in terms of total net assets and it lies behind only Bank of Ceylon and People's Bank (both are state commercial banks). It is also the only private sector licensed bank in Sri Lanka to be designated as the higher-tier domestic systemically important bank according to the Central Bank of Sri Lanka.[3] The bank currently operates a network of 268 branches and around 932 ATM machines across Sri Lanka.[4]
It became the first Sri Lankan bank to be listed in among the top 1000 banks in the world according to The Banker when it achieved the feat for the first time in 2008. Commercial Bank has also been ranked among the top 1000 banks in the world for nearly 11 successive years from 2008 to 2021.[5][6]
It is considered as one of the most systemically important banks in Sri Lanka. It is the largest lender to Sri Lanka's Small and Medium Enterprise sector.[7] The Ministry of Finance of Sri Lanka revealed that the Commercial Bank of Ceylon was the biggest lender to SME sector for the year 2020 amounting to an estimated amount of 21.6 billion rupees which was 15% more than the second biggest lender to SME.[8]
^"Annual Report 2022" (PDF). cse.lk. Commercial Bank of Ceylon PLC. Retrieved 10 March 2023.
^"Commercial Bank | ComBank highest-ranked bank in latest LMD 100 rankings". combank.lk. Retrieved 17 April 2022.
^"Sri Lanka trims systemically important banks in new D-SIB rule, capital buffers changed". EconomyNext. 23 December 2019. Retrieved 17 April 2022.
^Nadeera, Dilshan. "Commercial Bank- StrEdge Advisory successfully complete a BPR project". Retrieved 16 April 2022.
^"ComBank ranked among Top 1000 World Banks for 11th consecutive year". Adaderana Biz English | Sri Lanka Business News. 28 June 2021. Retrieved 16 April 2022.
^"Commercial Bank | ComBank ranked among Top 1000 World Banks for 11th consecutive year". combank.lk. Retrieved 16 April 2022.
^"Banking on SMEs". Print Edition – The Sunday Times, Sri Lanka. Retrieved 16 April 2022.
^"ComBank becomes the biggest lender to SME sector in 2020 among all banks". Adaderana Biz English | Sri Lanka Business News. 19 August 2021. Retrieved 16 April 2022.
and 25 Related for: Commercial Bank of Ceylon information
BankofCeylon (BOC; Sinhala: ලංකා බැංකුව Lanka Bænkuwa, Tamil: இலங்கை வங்கி S.SADHURSHAN iIlangai Vangi) is a state-owned, major commercialbank in Sri...
(United States of America) CommercialBankofCeylon PLC (Sri Lanka) Habib Bank Limited (Pakistan) HSBC (United Kingdom) National Bankof Pakistan (Pakistan)...
Seylan Bank PLC (Sinhala: සෙලාන් බැංකුව, romanized: Selan Bænkuwa) is a publicly owned CommercialBank in Sri Lanka. It has branches in both urban and...
Islami Bank Bangladesh Limited Al Arafah Islami Bank Limited Prime Bank Premier BankCommercialBankofCeylon Dutch Bangla Bank Exim Bank Eastern Bank Limited...
Ceylon Cold Stores (CCS), trading as Elephant House, is a Sri Lankan company which produces carbonated drinks, ice cream and processed meat products. Despite...
targets further growth this year". Daily News. Associated Newspapers ofCeylon Limited. Retrieved 28 January 2023. Senewiratne, Hiran H. (10 June 2008)...
Joselito S. (ed.). A CommercialBank's Microfinance Program: The Case of Hatton National Bank in Sri Lanka, Parts 63-369. World Bank Publications. p. 7...
Teas is the parent company of Dilmah, MJF Holdings is the ultimate parent. The company is best known for its brand ofCeylon tea, sold internationally...
Sampath Bank PLC (Sinhala: සම්පත් බැංකුව, romanized: sampat bæṁkuva) is a licensed commercialbank incorporated in Sri Lanka in 1987 with 229 branches...
resort architecture, Ceylon InterContinental was an example of high rise engineering. A bomb exploded in nearby Central Bankof Sri Lanka building on...
banks in Asia. In October 2015, DFCC Bank and its 99% owned subsidiary, DFCC Vardhana Bank amalgamated. DFCC Bank is now a Licensed CommercialBank offering...
investment firm Commercial BankofCeylon, a private bank in Sri Lanka Commercial Banking Company of Sydney, a former bank in Australia Commonwealth Business...
from a Licensed Specialed Bank to a Licensed CommercialBank. The bank won the 2021 Best Retail Bank Sri Lanka award. NDB Bank has been recognised as the...
is a commercialbank in Sri Lanka. It is licensed by the Central Bankof Sri Lanka, the central bank and national banking regulator. Union Bankof Colombo...
in Colombo, Ceylon with the name E.John & Co. In 1960 they changed the name to John Keells. It was initially set up as a manufacturer of tea and essential...
Asian Development Bank. 2008. p. 1. Archived from the original (PDF) on 15 November 2013. Retrieved 15 July 2014. "65th Independence Day of India celebrates...
companies. List of companies of Sri Lanka List of government-owned companies of Sri Lanka List of largest public companies in Sri Lanka List of Sri Lankan...
The Tri-Annual Publication of the Institute of Chemistry Ceylon. 37 (3). Institute of Chemistry Ceylon: 31–33. Retrieved 19 January 2023. "Hayleys enters...
Global Information
LKR280.387 billion (2022)
LKR24.399 billion (2022)