Commercial Bank of Ceylon crosses US$1b market cap milestone
Commercial Bank of Ceylon PLC has proudly become Sri Lanka's first bank to surpass US$1 billion in market capitalisation, joyously commemorating the historic achievement with a ceremonial bell-ringing at the Colombo Stock Exchange (CSE).
Chairman Sharhan Muhseen, Managing Director and CEO Sanath Manatunge, board members, and senior executives joined the festivities, underscoring the Bank's remarkable financial and operational leadership.
This milestone was reached as the Bank's share price rose from Rs.144.75 in December 2024 to Rs.196.75 on 19 August 2025.
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Chairman Muhseen stated that achieving a US$1 billion market capitalisation enhances the Bank's global profile and expands its opportunities.
Echoing these sentiments, CSE Chairman Dimuthu Abeyesekera highlighted the significance of Commercial Bank joining only two other Sri Lankan companies valued above US$1 billion, underscoring market progress.
CEO Manatunge hailed the occasion as a resounding testament to the Bank's robust business model and the unwavering confidence of its investors.
This achievement comes on the heels of Commercial Bank becoming the first private sector bank in Sri Lanka to surpass Rs.3 trillion in assets earlier this year, with Group and Bank-level growth in the first half of 2025.
The Bank was ranked the second most valuable brand in Sri Lanka across all sectors and the top private sector bank brand by Brand Finance in 2025, underscoring its consistent recognition of achievements.
Commercial Bank remains the only Sri Lankan bank among the world's Top 1000, leading in capital base, private lending, innovation, and carbon neutrality, and operating in Bangladesh, the Maldives, Myanmar, and Dubai—further supporting its prominent standing.
