of ceylon plc type public limited company traded as cse comb.n0000 industry finance founded 1920 1 headquarters colombo sri lanka area served sri lanka bangladesh key people k g d d dheerasinghe chairman m p jayawardena deputy chairman jegan durairatnam managing director ceo number of employees sri lanka 4400 bangladesh subsidiaries commercial bank of maldives website www.combank.lk commercial bank of ceylon plc cbc is one of the leading commercial banks in sri lanka with 250 branches and 625 atms . the bank has operations in bangladesh . it has been rated as the best bank in sri lanka by global finance for the 14th consecutive year and also as the bank of the year by the banker magazine on seven occasions . history edit cbc can trace its history back to 1920 when eastern bank a british overseas bank opened a branch in ceylon . in 1957 chartered bank another british overseas bank ; see below acquired eastern bank but ran it separately . four years later the government of ceylon forbade foreign banks to accept deposits from ceylonese nationals . in response eastern bank incorporated its branch under the name commercial bank of ceylon and took 40 % of the equity . cbc got mercantile bank of india s branches in kandy galle and jaffna as part of a deal that would remove the government s limit on deposit taking in mercantile s remaining branches in colombo and pettah . the branches actually transferred in 1973 . hsbc had acquired mercantile in 1959 . then in 1971 eastern bank amalgamated with chartered bank which four years later merged with standard bank to form standard chartered bank . in 1997 standard chartered divested itself of its 40 % stake in cbc . dfcc bank formerly development finance corporation of ceylon acquired 29.5 % . in 2004 cbc acquired credit agricole indosuez s two branches in bangladesh at dhaka and chittagong to become the first sri lankan private bank to establish operations outside the country . 2 banque indosuez had opened its branches in bangladesh in 1980 . also in 2003 the ifc bought 15 % of the bank s share capital from sri lanka insurance corporation . 3 references edit citations savings sri lanka internet banking commercial bank sri lanka . combank.lk . inner.gif . www.island.lk . retrieved 2016 07 28 . ifc makes strategic investment in commercial bank daily news 2003 03 11 bibliography green e. and s. kinsey . 1999 . the paradise bank aldershot ashgate . external links edit official website v t e banking in sri lanka commercial banks local amana bank boc cargills bank commercial bank dfcc bank hdfc bank hnb lankaputhra development bank ndb nsb nations trust bank pan asia bank people s bank regional development bank sampath bank sanasa development bank seylan bank sri lanka savings bank state mortgage and investment bank union bank foreign axis bank citibank deutsche bank habib bank hsbc icici bank indian bank indian overseas bank mcb bank public bank berhad standard chartered state bank of india other financial institutions abans finance alliance finance amw capital leasing and finance arpico finance asia asset finance asian finance associated motor finance bimputh finance brac lanka finance capital alliance finance central finance central investments and finance chilaw finance citizens development business finance city finance corporation commercial credit and finance commercial leasing and finance eti finance the finance company george steuart finance hnb grameen finance ideal finance kanrich finance lb finance lolc finance melsta regal finance mercantile investments and finance merchant bank of sri lanka and finance multi finance nation lanka finance orient finance people s leasing and finance people s merchant finance richard pieris finance sarvodaya development finance senkadagala finance serendib finance singer finance lanka sinhaputhra finance siyapatha finance softlogic finance the standard credit finance swarnamahal financial services tks finance trade finance & investments ub finance vallibel finance interbank networks cirrus lankapay cas plus payment systems lankapay cefts sri lanka interbank payment system governing bodies central bank of sri lanka ministry of finance retrieved from https en.wikipedia.org w index.php title commercial bank of ceylon & oldid 741423299 categories banks of sri lankabanks established in 1920publicly traded companies of sri lankahidden categories use dmy dates from july 2013pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages bahasa indonesia edit links this page was last modified on 27 september 2016 at 11 52 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view