News
ComBank crowned Global Finance Best SME Bank in Sri Lanka for 3rd successive year
The Commercial Bank of Ceylon has been recognised as the Best SME Bank in Sri Lanka in 2025 by Global Finance, honouring the bank with this title on the international stage for the third consecutive year.
Announcing the latest winners of this prestigious accolade, Global Finance said they are banks and financial services providers that best serve SMEs’ specialised needs, and that the magazine’s editors selected the World’s Best SME Banks 2025 based on objective and subjective factors.
Recognised alongside Commercial Bank as the Best SME Banks in their respective countries were institutions of the calibre of Bank of America – USA; Lloyds Bank – UK; Commerzbank – Germany; Credit Agricole – France; Sumitomo Mitsui Financial Group – Japan; DBS – Singapore; HSBC – Hong Kong; HDFC – India; and Dutch-Bangla Bank – Bangladesh.
Commercial Bank has recorded remarkable growth in its SME portfolio, increasing the segment’s contribution to the Bank’s overall advances portfolio and expanding its market share. This growth is supported by the sector’s diversification, and the dedicated products and services offered by the Bank.
Among the recent initiatives of Commercial Bank to support SMEs are the launch of ‘Commercial Bank LEAP GlobalLinker’ and ‘ComBank Trade Club’ both of which are intended to help businesses penetrate global markets.
Commercial Bank LEAP|GlobalLinker is a digital ecosystem powered by GlobalLinker, an international business enabling platform that reaches markets in 150 countries. Commercial Bank has brought more than 13,000 customers onboard and created 700 e-stores for businesses on the Commercial Bank LEAP|GlobalLinker platform.
The People of Myanmar are facing immense hardships caused by the devastating earthquake on 28th March and as reported by the international media reports the death toll is over 2,700. Furthermore, it has been reported that many people are missing while, a large number of individuals have been injured and are receiving treatment.
Considering the long – term close relationship between the two nations as two Buddhist states, the Cabinet of Ministers has decided to provide,
• A sum of United States Dollars One Million
• Transportation for the dry rations collected by Buddhist clergy and other donors
• To have a group of medical officers and health staff on standby for immediate departure to Myanmar if necessary
Latest News
Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom
Attention of the Cabinet of Ministers have been drawn on the decisions taken by the United Kingdom to impose sanctions on four Sri Lankan individuals recently, and have decided to appoint a committee comprised of three ministers to submit a report with recommendations on the further measures to be taken after studying the facts in the regard and to empower the committee to obtain the service of any officer/intellect deemed to have subject expertise in the relevant field and considered essential.
The committee will comprise of :
– Vijitha Herath Minister of Foreign Affairs, Foreign Employment and Tourism
– Attorney – at – Law Harshana Nanayakkara Minister of Justice and National Integrity
– Aruna Jayasekara Deputy Minister of Defence
News
Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.
Approval of the Cabinet of Ministers was granted at their meeting held on 17.03.2025 to amend the Aswasuma Welfare Benefit Payment Scheme by increasing the value of the benefits already being payed under the scheme.
The revised Aswasuma Welfare Benefit Payment Scheme has been published by the extraordinary gazette notification No. 2429/02 dated 24.03.2025.
Accordingly, he Cabinet of Ministers granted approval to the resolution furnished by the President in his capacity as the Minister of Finance, Policy Plannng and Economic Development to submit the said revised Aswasuma Welfare Benefit Payment Scheme to the Parliament for its concurrence.
Cabinet approves providing relief to the people of Myanmar
Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom
Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.
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