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Commercial Bank becomes the First Bank to Partner with Colombo Port ...
Demonstrating its commitment to supporting the nation’s next phase of economic transformation, Commercial Bank of Ceylon has become the first bank in Sri Lanka to enter into an agreement to establish a fully-fledged branch at Port City Colombo, marking a significant step in the Bank’s strategic expansion into the country’s emerging international financial hub. The 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. The partnership further reinforces Commercial Bank’s position at the forefront of Sri Lanka’s evolving financial landscape. The proposed branch will function as a fully-fledged banking branch, offering a full spectrum of products and services tailored to the needs of corporates, investors, businesses and retail customers operating within the Port City Colombo ecosystem. These will include digital banking facilities, trade services, foreign currency transactions, corporate banking solutions, deposits, lending, card services and remittance facilities. By establishing a presence within Port City Colombo, the Bank said it aims to further strengthen its ability to support cross-border business and investment flows while positioning itself to meet the sophisticated requirements of global investors, multinational corporates and high-net-worth individuals expected to operate within the Special Economic Zone. Commenting on this ground breaking initiative, Mr. Sanath Manatunge, Managing Director/CEO of Commercial Bank said the Bank’s decision to establish a fully-fledged branch within Port City Colombo reflects both its long-term confidence in the project and its readiness to support the evolving needs of a globally integrated financial ecosystem. “As Sri Lanka’s largest private sector bank with a strong track record in serving corporates, international clients and high-value businesses, we see Port City Colombo as a pivotal development in the country’s economic future,” he said. “Our presence within this Special Economic Zone will enable us to seamlessly support cross-border transactions, facilitate international trade and investment, and deliver world-class banking solutions backed by advanced digital capabilities. Being the first bank to formaliseplans for a full-service branch within Port City Colombo reaffirms our role as a pioneer in driving financial innovation and supporting national development.” A 269-hectare extension of Sri L...
Commercial Bank among the first banks to partner with Port City Colombo ...
Mr. Sanath Manatunge, Managing Director/CEO of Commercial Bank and Mr Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd. exchange the agreement in the presence of senior representatives of the two companies. Demonstrating its commitment to supporting the nation’s next phase of economic transformation, Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to enter into an agreement to establish a fully-fledged branch at Port City Colombo, marking a significant step in the Bank’s strategic expansion into the country’s emerging international financial hub. The 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. The partnership further reinforces Commercial Bank’s position at the forefront of Sri Lanka’s evolving financial landscape. The proposed branch will function as a fully-fledged banking branch, offering a full spectrum of products and services tailored to the needs of corporates, investors, businesses and retail customers operating within the Port City Colombo ecosystem. These will include digital banking facilities, trade services, foreign currency transactions, corporate banking solutions, deposits, lending, card services and remittance facilities. By establishing a presence within Port City Colombo, the Bank said it aims to further strengthen its ability to support cross-border business and investment flows while positioning itself to meet the sophisticated requirements of global investors, multinational corporates and high-net-worth individuals expected to operate within the Special Economic Zone. Commenting on this ground breaking initiative, Mr. Sanath Manatunge, Managing Director/CEO of Commercial Bank said the Bank’s decision to establish a fully-fledged branch within Port City Colombo reflects both its long-term confidence in the project and its readiness to support the evolving needs of a globally integrated financial ecosystem. “As Sri Lanka’s largest private sector bank with a strong track record in serving corporates, international clients and high-value businesses, we see Port City Colombo as a pivotal development in the country’s economic future,” he said. “Our presence within this Special Economic Zone will enable us to seamlessly support cross-border transactions, facilitate international trade and investment, and deliver world-class banking solutions backed by advanced digital ca...
A city rising: How Port City Colombo secures Sri Lanka's tomorrow
Port City Colombo: A tangible win for Sri Lanka's future Sri Lanka is a land of endurance. Over the many trials that our country has faced over its history, the hallmark of our people is their resilience. Through the chaos of conflict and varying crises, Sri Lankans have always rallied to creating a better future for the nation, placing their hopes in its people and projects, driving the ...
Port City Colombo Attracts 100+ Companies as Authorised Persons
Banks including Sampath Bank, Commercial Bank of Ceylon, Hatton National Bank, National Development Bank, Nations Trust Bank, Union Bank, DFCC, Bank of Ceylon, and People's Bank have applied to establish offshore banking branches within the Colombo Port City Special Economic Zone.
