Commercial Bank of Ceylon

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 as Commercial Bank of Ceylon Ltd
Headquarters	Colombo, Sri Lanka
Number of locations	269 branches (934 ATMs) (2022)
Area served	Sri Lanka; Bangladesh; Maldives; Myanmar;
Key people	A. K. W. Jayawardane (Chairman); Sharhan Muhseen (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;

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. 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. The bank currently operates a network of 268 branches and around 932 ATM machines across Sri Lanka.

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.

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. 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.

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