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ComBank becomes first Sri Lankan bank to cross $ 1 b in market cap
Daily FT
|August 29, 2025
Rings ceremonial bell at Colombo Stock Exchange to celebrate milestone
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THE Commercial Bank of Ceylon PLC’s milestone of becoming the first bank in Sri Lanka with a market capitalisation of more than $ 1 billion was celebrated at the Colombo Stock Exchange (CSE), where the bank was invited to ring the ceremonial bell.
Commercial Bank Chairman Sharhan Muhseen, Managing Director/CEO Sanath Manatunge, members of the board, and corporate and senior management participated in this symbolic recognition of another landmark in the bank’s remarkable history which further reinforces its financial and operational leadership.
The bank’s market capitalisation surpassed the landmark $ 1 billion value with the increase in its share price to Rs. 196.75 at the end of trading on 19 August, up from Rs. 144.75 per share recorded at end December 2024.
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