The Commercial Bank of Ceylon’s debenture issue, the largest ever by a private bank in Sri Lanka, closed after being oversubscribed on its opening day (July 2), raising Rs. 20 billion. This milestone underscores investor confidence in the institution. Announcing the oversubscription, the bank revealed it received applications for more than three times the Rs.
Sri Lanka’s Commercial Bank is set to raise Rs. 22.5 billion through a Rights Issue, aiming to strengthen its Tier I capital and support future business expansion. This plan involves issuing new shares: The voting share price closed at Rs. 112.75 yesterday, down 75 cents, while the non-voting share price fell 30 cents to Rs.
In a recent announcement by the US-based Global Finance magazine, the Commercial Bank of Ceylon has once again secured the title of ‘Best Bank in Sri Lanka’ for an impressive 22nd consecutive year. This recognition underscores the bank’s commitment to offering a wide range of services, long-term reliability, and innovative technological solutions. Global Finance’s Best