The Chairman of Commercial Bank of Ceylon PLC Mr Sharhan Muhseen and the Bank’s Managing Director/CEO Mr Sanath Manatunge recently held discussions with the Governors of the Central Banks of Bangladesh and the Maldives on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC.
The discussions with Dr Ahsan H. Mansur, Governor of Bangladesh Bank and Mr Ahmed Munawar, Governor of the Maldives Monetary Authority (MMA) covered a range of topics of mutual interest, including Commercial Bank’s operations in Bangladesh and the Maldives, and the Bank’s commitment to those countries.
Commercial Bank entered Bangladesh in November 2003 with the acquisition of the Bangladesh operations of Credit Agricole Indosuez (CAI), its first ever acquisition of a banking operation. These operations, now comprising of 20 outlets made up of 11 branches, two specialized off-shore banking units, six SME centres and a booth at the US embassy, have received the ‘AAA’ (Triple A) Long Term credit rating from Credit Rating Information and Services Ltd (CRISL) for the past 14 years, a rare achievement for a bank in Bangladesh.
Commercial Bank of Maldives, a fully-fledged Tier 1 bank in the Maldives, is a subsidiary of Commercial Bank and commenced operations in 2016 as a joint venture with Tree Top Investments, Maldives.
Pictured here are the meetings between Commercial Bank’s Chairman and Managing Director/CEO and the Governors of the Central Banks of Bangladesh (above) and the Maldives.
