ComBank – first Sri Lankan bank to cross US$ 1 bn in market cap
View(s):The Commercial Bank of Ceylon PLC’s milestone of becoming the first bank in Sri Lanka with a market capitalisation of more than US$ 1 billion was celebrated at the Colombo Stock Exchange (CSE), where the bank this week was invited to ring the ceremonial bell.
Commercial Bank Chairman Sharhan Muhseen, Managing Director/CEO Sanath Manatunge, members of the board, and corporate and senior management participated in this symbolic recognition of another landmark in the bank’s remarkable history which further reinforces its financial and operational leadership, the bank said in a media release.
The bank’s market capitalisation surpassed the landmark US$ 1 billion value with the increase in its share price to Rs. 196.75 at the end of trading on August 19, 2025, up from Rs. 144.75 per share recorded at end December 2024.
“Crossing the US$ 1 billion threshold marks Commercial Bank’s transition into large-cap territory, enhancing our visibility in global capital markets and positioning us for broader inclusion in institutional portfolios and index funds,” Commercial Bank Chairman Sharhan Muhseen commented. “In addition to increased market recognition, the larger market capitalisation also improves our access to capital and credit markets, enabling us to pursue new opportunities, invest in innovation, and accelerate value creation for our shareholders.”
Colombo Stock Exchange Chairman Dimuthu Abeyesekera said the Commercial Bank has joined the distinguished ranks of only two other listed companies on the CSE that have crossed the billion-dollar threshold, making it the third Sri Lankan company to be valued at such scale. “This is a proud moment for the bank, the Colombo Stock Exchange and the nation, but more importantly, it is a powerful signal of the progress our equity market is making. Achievements like this directly contribute to our journey, as every billion-dollar company added to our market strengthens credibility, broadens investment appeal, and positions Sri Lanka more firmly on the global investment map,” he said.
“This is an extremely significant milestone for the bank and its shareholders,” Commercial Bank Managing Director/CEO Sanath Manatunge said. “It reflects the strength of our business model and the confidence our investors continue to place in us. We have always focused on equitable growth, balancing national economic and social imperatives, the aspirations of our customers and the creation of stakeholder value. This milestone is the result of this commitment to delivering sustainable value.”
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