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Commercial first SL bank to open Representative Office in Dubai International Financial Centre
Daily FT
|May 05, 2025
THE Commercial Bank of Ceylon is to significantly enhance its international footprint with the opening of a Representative Office in the Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region.
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■ Receives DFSA licence
■ Says presence in DIFC lays foundation for expansion of international footprint
■ Representative Office will serve clients in Sri Lanka, Bangladesh and Maldives
Announcing this latest development, Sri Lanka's largest private sector bank said it had already received a Dubai Financial Services Authority (DFSA) licence to operate a Representative Office in the DIFC, and plans to commence operations shortly.
The Representative Office will serve as a key point of contact for the bank's growing client base in the region, including key stakeholders in Sri Lanka, as well as in Bangladesh and the Maldives, who have operations in the United Arab Emirates (UAE), the bank said.
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