Demonstrating its commitment to Sri Lanka’s economic transformation, Commercial Bank of Ceylon has become the first bank in the country to sign an agreement to establish a fully-fledged branch at Port City Colombo.
The landmark agreement was signed by Mr. Sanath Manatunge, Managing Director/CEO of Commercial Bank, and Mr. Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd. This partnership marks a significant step in the Bank’s strategic expansion into Sri Lanka’s emerging international financial hub.
Comprehensive Banking for a Global Ecosystem
The proposed branch will operate as a fully-fledged facility, specifically tailored to meet the sophisticated requirements of global investors, multinational corporates, businesses, high-net-worth individuals, and retail customers operating within the Special Economic Zone.
Customers within the Port City Colombo ecosystem will have access to a full spectrum of services, including:
- Digital banking facilities and card services.
- Trade services and foreign currency transactions.
- Corporate banking solutions and lending.
- Deposits and remittance facilities.
Port City Colombo, a 269-hectare extension of the central business district, is being developed as a multi-service Special Economic Zone. Supported by advanced infrastructure and a progressive regulatory framework, it is expected to play a transformative role in positioning Sri Lanka as a competitive regional hub for financial and professional services.