📈 Commercial Bank Partners with Port City Colombo for Strategic Branch Expansion

• Overview: Commercial Bank of Ceylon, Sri Lanka's largest private sector bank, has signed an agreement with CHEC Port City Colombo (Pvt) Ltd to establish a fully-fledged branch within the 269-hectare Special Economic Zone (SEZ), becoming one of the first banks to formalize operations in the emerging international financial hub. • Operations & Services: The proposed branch will cater to corporates, investors, businesses, and retail clients within the ecosystem. Key offerings will include digital banking, trade services, foreign currency transactions, corporate banking, lending, and remittance facilities to seamlessy support cross-border transactions. • Strategic Alignment: The expansion aligns with Sri Lanka's ambitions to build a globally connected, investment-driven economy. Port City Colombo is developed as a multi-service SEZ and regional business hub, designed to attract international businesses and high-value foreign investments. • Institutional Profile: Commercial Bank is the first Sri Lankan bank to exceed a US$ 1 Bn market capitalization and holds the highest capital base among local banks. It is the nation's largest lender to the SME sector, operating over 270 domestic branches alongside a growing international footprint spanning Bangladesh, the Maldives, Myanmar, and Dubai (DIFC).