Re-launches ‘Foreign Branch’ as a One-Stop Financial Hub for Corporate Banking
The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.
The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.
Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.
Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Mr Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”
Designed to offer a seamless banking experience, the Corporate Branch will provide an extensive suite of financial solutions, including comprehensive trade finance, treasury services, offshore banking, other tailor-made financing options and expert advisory support with a renewed focus on relationship-based banking. Dedicated Relationship Managers will work closely with Corporate Customers to understand their financial needs and provide customised solutions ensuring a superior banking experience. As a trusted partner, the Corporate Branch is committed to walk alongside businesses on their journey to success, the Bank said.
Emphasising operational excellence, the branch will be driven by a robust digitalization initiative focused on cost minimisation and efficiency enhancement. This will be achieved through customised integration for payments and validation-based reconciliation, enabling businesses to focus more on growth while banking operations are seamlessly managed with minimal risk. Additionally, the Corporate Branch will provide specialised services in Islamic Banking and Investment Banking, further reinforcing its commitment to offering diverse and inclusive financial solutions.
Commercial Bank is the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and has the highest market capitalisation in the Banking Sector in the Colombo Stock Exchange (CSE). The Bank is the largest private sector lender, the largest lender to the SME sector, is a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank. Commercial Bank operates a strategically located network of branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 outlets in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, and a Microfinance company in Myanmar. The Bank’s fully-owned subsidiary CBC Finance Ltd., also delivers a range of financial services via its own branch network.
