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In January 2016, Commercial Bank of Ceylon announced that for the first time in Sri Lanka's banking history that the users of the bank's online banking facility could make instant, real-time transfers of funds from their commercial bank accounts to accounts in other banks via LankaPay-CEFTS. [10]
Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital. [2]
The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).
Union Bank of Colombo PLC is one of the top five banks in Sri Lanka in market capitalization as well as one of the country's fastest growing Financial Services Groups. [4] As of 31 October 2017 [update] , the bank operated 66 branches and 121 automatic teller machines (ATM) across the island nation. [ 4 ]
The company changed its name to Capital Alliance Limited two years later. In 2003, Capital Alliance obtained a primary dealer licence from the Central Bank of Sri Lanka. Following an initial public offering, the company was listed on the Colombo Stock Exchange in December 2021. Capital Alliance is ranked among the 100 most valuable brands in ...
The Sri Lanka Savings Bank was established in July 2006 as a private limited company under the Banking Act No. 30 of 1988 and it was incorporated under the provisions of the Companies Act. [2] The bank obtained license to operate as a specialised bank from the Central Bank of Sri Lanka .
Then, as the popularity of ATM banking increased it introduced MasterCard (in 1989), PBU (Personal Banking Unit) and Uni-Banking System. The bank was the first to introduce debit cards in South Asia in 1997 and was the first in Sri Lanka to issue a debit card instantly at the time of opening an account. The first-ever Cheque Imaging ...
It has branches in both urban and rural areas of Sri Lanka. Seylan bank had 170 banking centres [2] island-wide, 3173 staff members (as at 1st August 2024), an ATM network of 182 units covering crucial locations, 11 branches providing 365-day banking [3] in 2020. The bank was formed as a licensed commercial bank incorporated with a shareholder ...
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