Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

The Bank of England has welcomed a “crucial and positive” move by the EU to help keep a key part of the financial system functioning in the event of a “no-deal” Brexit.

A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

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Commercial Bank of Ceylon PLC

Commercial-Bank-GBO

Established in 1969, Commercial Bank is the largest private bank in Sri Lanka and the only Sri Lankan bank amongst the Top 1000 Banks of the World for eight successive years (The Banker Magazine, UK)

The Bank operates the country’s single largest ATM network with an island-wide strategically located network of Branches/Service Points.

Commercial Bank operates a network of 263 branches and 774 ATMs in Sri Lanka. The Bank has won multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank, Most Respected Bank, Most Responsible Bank from a number of local and international institutions and publications over several years.

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon and a Microfinance Operation in Nay Pyi Taw, the Maldives, where the Bank opened a fully-fledged Tier I Bank, owning a majority stake.

Commercial Bank accounts for the largest Market Capitalization among all listed banks in Sri Lanka today. Commercial Bank’s sound financial strength is amply demonstrated by the relatively higher Capital Adequacy Ratio maintained by the Bank.   Commercial Bank is the first private Bank in the country to reach the momentous feat of surpassing Rs. 1 trillion in assets.

Commercial Bank demonstrates world-class expertise in the spheres of retail and corporate banking as well in securitised instruments. The Bank offers the widest array of financial products and services, ranging from savings accounts targeted at children, teens, youth, women, executives to the senior citizens, Foreign Currency products, an extensive portfolio of loan products including Leasing, SME and micro-financing, Bancassurance, Islamic Banking, Banking for High Net worth Individuals, Credit & Debit Cards, securitized instruments, Bills & Bonds, Corporate Banking products along with Trade Finance services.

The Bank also has introduced a multitude of cutting-edge innovative e-Banking solutions.  These range from Online Banking to Mobile Banking, along with SMS Banking, Mobile Phone Cash Top Up facility and overseas SWIFT Money Remittance Services through which Commercial Bank has revolutionized “Banking Convenience” in the country.  The Bank also has very innovative Automated Banking Centres, Self-service Touch Screens in Branches and Automated Instant Cash and Cheque Deposit Machines along with ATMs which offer utility bill payment facilities in addition to cash withdrawals.

The Corporate Social Responsibility Trust of the Commercial Bank of Ceylon PLC is an initiative aimed at uplifting the lives of communities across the country. Understanding that the smallest actions if done with purpose and dedication have the potential to bring about monumental change Commercial Bank’s commitment goes well beyond the financial domain. The Bank annually allocates a percentage of its profits to the CSR Trust of the Bank.

Commercial Bank Bangladesh

Having set a benchmark in private sector banking in Bangladesh Commercial Bank Bangladesh has set standards, created an identity and forged an unsurpassable trend. Recognised as trend setter the Bank has maintained its cultural identity while providing a range of products and services. Powered by state-of-the-art technology and driven by a team of highly motivated, dynamic individuals it has become one of the best performing foreign banks in in Bangladesh.

Over the period of last 14 years of operation in Bangladesh, CBC has expanded its branch network to 11 branches, 2 specialised OBU sections in Dhaka (Gulshan) and Chittagong(CEPZ) and 6 SME centres in Bangsal Road ( Old Dhaka), Progati Sharani(Dhaka), Shantinagar (Dhaka), Tongi (Dhaka), Jubilee Road (Chittagong) and CDA Avenue (Chittagong). Unique products and services, superior service quality and efficient and customised solutions to the requirements of corporate and personal banking customers are hallmarks of the successful stride of Commercial Bank Bangladesh.

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