Commercial Bank of Ceylon PLC (CBC)

With an unblemished history of nearly a century in the Sri Lanka's Banking arena, Commercial Bank of Ceylon is the fastest growing bank in Sri Lanka and the most internationally-lauded financial institution. Commercial Bank has over 100 years of unparalleled growth and achievement. CBC commenced its operation in Bangladesh by acquiring the banking business of Credit Agricole Indosuez, a French multi-national Bank, in November 2003. Having made a distinctive mark in Bangladesh banking history since 2003, CBC has become the best Regional Bank in performance (deposits, advances & profitability) by providing distinctive services and commitments focusing the areas of Corporate Banking, Consumer Banking, Treasury Operations and Digital Banking. During the past 18 years of operation in Bangladesh, CBC has established its position well above the other Regional Banks operating in the country with 11 Branches, 6 SME Centers and 2 Offshore Banking Units.

 

Key performances during the year, including past statistics

 

In core banking business areas, CBC left admirable footprints in its’ robust performance and won distinctive accolades. Over the last five years (2017 to 2021) Deposits, Advances, Profit Before Tax and Profit After Tax represent a positive growth of 126%, 82%, 59% and 83% respectively.

 

Contribution to economy

Being a responsible and compliant bank, every year CBC contributes a good number of Govt. Revenue in the form of Direct and indirect tax.

 

Key Achievements during 2021 

 

Commercial Bank of Ceylon PLC Bangladesh received the "Best Foreign Bank in Bangladesh 2021" award from the renowned UK based magazines “The Global Economics” (Second consecutive year) and the “Global Business Outlook”. The Bank has been adjudged as the ‘Most Sustainable Bank in Bangladesh 2021’ by the Dubai-based “International Business Magazine”. The bank also received “Most Recommended Foreign Bank in Bangladesh 2021” from “World Business Outlook” a Singapore-based magazine. These awards are in conjunction with the ‘AAA’ credit rating for the 11th consecutive year rated by CRISL.

 

Furthermore, CBC has been recognized by the Bangladesh Bank for achieving 100 percent disbursement of stimulus package to Covid affected CMSME businesses and CBC is the only foreign Bank awarded in this regard.

 

We strive for excellence in the markets wherever we operate.