Commercial Bank of Ceylon (CBC): Most Responsible Bank Sri Lanka 2017
One of Sri Lanka’s largest financial services providers, the Commercial Bank of Ceylon (CBC) has embarked on a large scale programme, backed by multilateral finance providers, to improve access to green financing such as renewable energy projects. The bank noted that Sri Lanka boasts an exceptionally promising green energy potential. The programme also covers investments in tourism, healthcare, and infrastructure projects.
Tracing its origins to the 1920s, Commercial Bank of Ceylon has a long history of firsts and is widely recognised for its dedication to innovation and operational excellence. With its 2004 takeover of the Bangladesh branch network of Crédit Agricole Indosuez, CBC became the first Sri Lankan bank to establish a presence outside the country. The bank has since also branched out to the Maldives with a full-service office in Male.
Building on its solid technological backbone, CBC is now well-poised to further expand its geographical footprint. The bank justifiably prides itself on adhering to the highest standards in corporate governance and corporate social responsibility, pioneering a business model that serves the interests of all stakeholders. CBC is an early signatory to the United Nations Global Compact, an initiative that promotes sustainable and socially-responsible business practices.
The CFI.co judging panel commends CBC on its robust approach to responsible banking and recognises the company’s pioneering role. The judges are delighted to offer Commercial Bank of Ceylon the 2017 Most Responsible Bank Sri Lanka Award.
