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Commercial Bank strengthens its role in national development by empowering Sri Lanka's entrepreneurs
Daily FT
|July 30, 2025
Sri Lanka's most largest private bank, Commercial Bank of Ceylon PLC, continues to drive inclusive economic growth by empowering the country's Micro, Small, and Medium Enterprises (MSMEs) through a multifaceted approach that combines innovative financial products with capacity-building initiatives and deep community outreach.
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The Bank, which was the largest lender to the SME sector in 2024, disbursed Rs. 330.95 billion during the year, representing 30.36% of the total SME lending in the country reinforcing its status as a key enabler of entrepreneurship and sustainable development.
Commercial Bank's contribution to MSME development has gained global recognition, with the Bank winning 18 international awards in 2024 alone. These include the Best SME Bank Sri Lanka by Global Finance Magazine (USA), SME Bank of the Year — Sri Lanka at the Asian Banking & Finance Awards (Singapore), and Best Collaboration for SME Development by Business Pinnacle Magazine (UK) for Commercial Bank Leap Globallinker. These accolades reflect the Bank's continued efforts to support the entrepreneurial journey through a blend of financial inclusion, product innovation, and ecosystem partnerships.
The Bank's support for entrepreneurs is not limited to the provision of credit but extends to the creation of a conducive environment for long-term business growth. Through its Agriculture and Micro Finance Units (AMFUs), strategically located across the island, the Bank has been instrumental in uplifting rural livelihoods by offering advisory services, business counselling, and tailored financial solutions to underserved segments. These units act as mobile relationship hubs, strengthening trust with local communities and promoting grassroots-level banking engagement.
Dit verhaal komt uit de July 30, 2025-editie van Daily FT.
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