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Commercial Bank of Ceylon commenced its operations in Bangladesh by acquiring the banking business of Credit Agricole Indosuez in November 2003 with 02 branches & 02 booths.
Since commencement, CBC has established its position well above the other Regional Banks operating in the country expanding the branch with 08 in Dhaka (Motijjheel, Gulshan, Dhanmondi, Uttara, Pantopath, Mirpur, Tejgaon), one each in Chittagong, Sylhet & Narayanganj, 2 specialised Off-shore Banking Units in Dhaka (Gulshan and Chittagong -CEPZ) and 6 SME Centres in Old Dhaka (Dhaka), Progati Sarani(Dhaka), Shantinagar(Dhaka), Tongi (Dhaka), Jubilee Road(Chittagong) and CDA Avenue (Chittagong).
Unique products and services, superior service quality and efficient and customised solutions to the requirements of corporate and personal banking customers are hallmarks of the successful stride of CBC in Bangladesh.
Commercial Bank Bangladesh operation has won numerous awards including the Financial Mirror - Robintex Business Award for outstanding performance, the Financial News Services (FNS) Business Award for the 'Best Performing Foreign Bank' in Bangladesh and the ICMAB award for National Best Corporate. Further CBC Bangladesh Operations has been rated as AAA by CRISL for 11 consecutive years.
Commercial Bank of Maldives (CBM), a subsidiary of Commercial Bank of Ceylon and a joint venture with Tree Top Investments Maldives, inaugurated its banking operations in the Maldives in 2016, with the opening of its Head Office and the 1st Branch in the Maldives in capital Malé and subsequently the 2nd Branch in Hulhumale’in its second year of operation.
While offering an extensive range of financial services, CBM’s goal is to be the trusted financial solutions partner for growth, delivering excellence in service quality and the most sought-after financial services organisation in the Republic of Maldives.
CBM was awarded with ‘Excellence in Finance’ in the Banking and Finance category at the 2019 Maldives Business Awards. In 2021, CBM was ranked amongst the top leading 100 companies in the Maldives at the “Gold 100 Gala” event organized by Corporate Maldives. CBM also won the Global Business Outlook Banking Award under the category of “The Fastest Growing Commercial Bank - Maldives 2021”.
Commercial Bank opened its representative office in Yangon in June 2015, becoming the first Sri Lankan Bank to be granted a license by the Central Bank of Myanmar. We have the largest correspondent banking network in Myanmar that is essential for bilateral trade transactions and for remittances.
The second fully owned subsidiary of Commercial Bank, CBC Myanmar Microfinance Company Ltd. (CBC Myanmar) was opened in Nay Pyi Taw on 16th July 2018. CBC Myanmar will offer group loans to customers who require microfinance facilities.