Business
ComBank wins coveted double at Asiamoney Banking Awards
Adjudged Best Bank for SME Banking & Best Bank for Environmental, Social and Governance
The Commercial Bank of Ceylon has won two coveted international awards – ‘Best Bank for Small and Medium Enterprise (SME) Banking’ and ‘Best Bank for Environmental, Social and Governance (ESG)’ at the latest awards event of the respected Asiamoney magazine.
This is the third consecutive year that Commercial Bank has won a double from this quarterly publication. The Bank was awarded the titles of ‘Best Bank for Small and Medium Enterprises’ and ‘Best Bank for Corporate Social Responsibility’ in 2020 and 2021.
“These awards recognise the Bank’s achievements in two of the most relevant aspects of performance in the current context,” Commercial Bank Managing Director/ CEO Mr Sanath Manatunge commented. “SME’s are the backbone of the economy and, given the challenges faced by our country, supporting them is more important now than ever before. We are committed to increase our engagement with SMEs, who need more support in the current depressed economic context. The second award relates to ESG, which has also become an area of critical importance to shareholders as well as customers and regulators. We are therefore delighted to win awards in these two strategically important areas from Asiamoney.”
The ‘Best Bank for SME Banking’ award recognises Commercial Bank for proactively identifying the timely needs of SMEs and micro enterprises and providing tailor-made products and services to assist this segment that has in the past two years been affected first by the pandemic and subsequently by economic shocks and funding issues. The ‘Best Bank for ESG’ Award was presented in recognition of the Bank’s strategic initiatives in the space of sustainable financing, financial inclusion and nationally-significant contributions via its CSR Trust.
In 2021, the Bank’s SME loans portfolio grew by 10% in value to Rs 210.967 billion as at 31st December. In 2020 the Ministry of Finance declared Commercial Bank as the largest lender to Sri Lanka’s SME sector among all state-owned, private and specialised banks in the country, accounting for more than a fifth of all loans in terms of value and number. The Bank maintained this momentum in SME lending in 2021 too, during which it notably secured a US $50 million loan from the CDC Group, the UK’s development finance institution, to further facilitate lending to SMEs and support climate projects in Sri Lanka.
The Bank also continued with its ‘Biz Loans’ scheme and granted loans to the value of Rs 30.3 billion by the close of 2021. Furthermore, Agri Leases amounting to Rs 1.358 billion were disbursed during this period. In 2021, the Bank launched the ‘Agri Gold Loans’ scheme that offers concessionary interest rates on pawning, exclusively for those engaged in agriculture, fisheries, and livestock farming.
Another significant initiative launched by the Bank in 2021 to support the SME segment was the Dirishakthi Value Chain Development Programme. Designed to improve the efficiency and sustainability of rural value chains and not just an individual borrower, the programme includes in-kind grants and loans to micro entrepreneurs. The Bank carried out capacity building and financial literacy programs benefitting over 2,600 micro entrepreneurs in 2021 alone.
A few other initiatives to support the SME segment include webinars for SMEs, support to women entrepreneurs in the country, and continuous deployments of the “Bank-on-Wheels” operation and disbursement of COVID-19 support loans.
In the realm of ESG, the Bank delivers comprehensive sustainable financial solutions that include screening of credit proposals using a SEMS (Social and Environmental Risk Assessment) tool, advice and support in greening the supply chains of customers, and a range of green products and services and practices that promote sustainable business operations. Commercial Bank was also crowned Sri Lanka’s ‘Best Corporate Citizen’ by the Ceylon Chamber of Commerce in 2021.
By the close of 2021, the Bank’s CSR Trust had completed over 600 projects under the categories of education, healthcare, community, culture & heritage, and environment.
Commercial Bank has donated 243 IT Labs to date, benefitting over 220,000 students, and has continued its support to initiatives in education with projects such as Smart Schools, Math Labs, STEM Classrooms, Coding Clubs and Vocational Training. The Bank also donated essential medical equipment necessary for treating COVID-19 patients to several state hospitals and contributed towards a number of community initiatives to solve problems of access to safe water and sanitation. Further, it embarked on the third phase of the Mangrove planting project around the Koggala Lake to prevent erosion, extended support towards the conservation of sea turtles and continued to promote environment management among clients by encouraging and funding green businesses.
Established in 1989, Asiamoney is a financial publication of the Euromoney Institutional Investor Group. Asiamoney reports and offers analysis on the financial and investment markets for capital issuers, borrowers, institutional investors and senior corporate and government monetary decision makers with business interests in Asia Pacific.
Commercial Bank is Sri Lanka’s first 100% carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 12 years consecutively. It is the largest lender to Sri Lanka’s SME sector and is a leader in digital innovation in the country’s Banking sector. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.
Business
“We Are Building a Stable, Transparent and Resilient Sri Lanka Ready for Sustainable Investment Partnerships” – PM
Prime Minister Dr. Harini Amarasuriya addressed members of the Chief Executives Organization (CEO) during a session held on Thursday [3 February 2026] at the Shangri-La Hotel, Colombo, as part of CEO’s Pearl of the Indian Ocean: Sri Lanka programme.
The Chief Executives Organization is a global network of business leaders representing diverse industries across more than 60 countries. The visiting delegation comprised leading entrepreneurs and executives exploring Sri Lanka’s economic prospects, investment climate, and development trajectory.
Addressing the gathering, the Prime Minister emphasized that Sri Lanka’s reform agenda is anchored in structural transformation, transparency, and inclusive growth.
“We are committed not only to ensuring equitable access to education, but equitable access to quality education. Our reforms are designed to create flexible pathways for young people beyond general education and to build a skilled and adaptable workforce for the future.”
She highlighted that the Government is undertaking a fundamental pedagogical shift towards a more student-focused, less examination-driven system as part of a broader national transformation.
Reflecting on Sri Lanka’s recent political transition, the Prime Minister stated:
“The people gave us a mandate to restore accountability, strengthen democratic governance, and ensure that opportunity is not determined by patronage or privilege, but by fairness and merit. Sri Lanka is stabilizing. We have recorded positive growth, restored confidence in key sectors, and are committed to sustaining this momentum. But our objective is not short-term recovery it is long-term resilience.”
Addressing governance reforms aimed at improving the investment climate, she said:
“We are aligning our legislative and regulatory frameworks with international standards to provide predictability, investor protection, and institutional transparency. Sustainable investment requires trust, and trust requires reform.”
Turning to the recent impact of Cyclone Ditwa, which affected all 25 districts of the country, the Prime Minister underscored the urgency of climate resilience.
“Climate change is not a distant threat. It is a lived reality for our people. We are rebuilding not simply to recover, but to build resilience, strengthen disaster mitigation systems, and protect vulnerable communities.”
Inviting CEO members to consider Sri Lanka as a strategic partner in the Indo-Pacific region, she highlighted opportunities in value-added mineral exports, logistics and shipping, agro-processing, renewable energy, pharmaceuticals, and innovation-driven sectors.
“We are not looking for speculative gains. We are seeking long-term partners who share our commitment to transparency, sustainability, and inclusive development.”
She further emphasized collaboration in education, research, vocational training, and innovation as essential pillars for sustained economic growth.
Concluding her address, the Prime Minister expressed appreciation to the Chief Executives Organization for selecting Sri Lanka as part of its 2026 programme and reaffirmed the Government’s readiness to engage constructively with responsible global investors.
The event was attended by the Governor of the Western Province, Hanif Yusoof, and other distinguished guests.


[Prime Minister’s Media Division]
Business
High Commissioner in Pakistan urges high level business visit to Colombo
The High Commissioner of Sri Lanka to Pakistan, Rear Admiral Fred Senevirathne, met Dr. Zeelaf Munir, Chairperson of the Pakistan Business Council (PBC), in Karachi on Feb. 6 and urged a high level visit of Pakistani business people to Sri Lanka, a news release from the High Commission said.
Dr. Munir, who also serves as the Managing Director and Chief Executive Officer of English Biscuit Manufacturers (EBM), leads Pakistan’s premier business policy advocacy body, which plays a key role in promoting a conducive business environment, export growth, and industrial development.
The High Commissioner who was warmly received by Dr. Munir at her office briefed her on the current economic and political landscape in Sri Lanka, highlighting the country’s improving economic outlook, enhanced political stability, and a favourable environment for foreign investment, the release said.
He also outlined the policy priorities of the new Government, with particular emphasis on ongoing economic reforms, investment-friendly initiatives, and opportunities to further strengthen bilateral economic and trade cooperation between Sri Lanka and Pakistan, it said.
He invited Dr. Munir to consider leading a delegation of prominent business leaders and investors to Sri Lanka, with a view to engaging with Sri Lankan counterparts and exploring potential investment opportunities and avenues for collaboration across key sectors.
The meeting was facilitated by. Honorary Consul of Sri Lanka in Hyderabad, Mehmood Mandviwalla, who was also present. Minister and Head of Chancery of the Sri Lanka High Commission in Islamabad, Christy Ruban, and Consul General of Sri Lanka in Karachi, Sanjeewa Pattiwila also participated at the meeting.
Business
IRONMAN 70.3 Colombo Returns, Kicks Off #ActiveColombo City Transformation
Officials from the Western Provincial Council, Colombo Municipal Council, and event organisers marked the official launch of IRONMAN 70.3 Colombo – Presented by Port City Colombo today at Shangri-La Colombo, the Host Hotel, signalling the return of Sri Lanka’s premier endurance event and the start of the long-term #ActiveColombo initiative.
Scheduled from 19–22 February 2026, the world-class triathlon will anchor #ActiveColombo Week, combining international competition with a city-wide celebration of sport, health, and urban vitality. Highlights include the KAYA Colombo – Active Lifestyle & International Expo (19–21 Feb), the family-focused IRONKIDS Colombo (21 Feb), and the IRONMAN 70.3 Colombo triathlon (22 Feb), featuring swim, bike, and run events at Port City Colombo, the Official Venue Partner.
The event is set to welcome nearly 1,000 athletes from over 49 countries, many visiting Sri Lanka for the first time, bringing international media attention and significant economic impact across hospitality, aviation, retail, and transport. As part of the globally recognised IRONMAN® circuit, Colombo now joins iconic host cities such as Sydney, Nice, and Muscat, reinforcing its position as South Asia’s emerging endurance sports hub.
“IRONMAN 70.3 Colombo embodies the spirit of resilience and excellence,” said Rajan Thananayagam, Director of Serendib Multisport (Pvt) Ltd. “This event puts Sri Lanka on the world stage and showcases Colombo as a vibrant, welcoming destination for athletes and their families.”
The launch also introduced #ActiveColombo, a long-term initiative aimed at transforming Colombo into South Asia’s leading Active City. The programme focuses on activating everyday urban spaces through parks, waterfronts, beaches, clean streets, shaded corridors, and safe environments that encourage walking, cycling, yoga, and other outdoor activities.
“Through #ActiveColombo, we aim to inspire a more active generation while strengthening Colombo’s appeal as a globally competitive capital,” said Hanif Yusoof, Governor of the Western Province. Mayor Vraîe Cally Balthazaar added that the initiative symbolises inclusive growth, promoting healthier streets, greener corridors, and vibrant public spaces for residents and visitors alike.
With signature policies such as the “Every Active Street is a Shaded Street” Shade the Road initiative, Colombo aims to combine urban health, economic growth, and international sports tourism. Experts say cities that invest in active lifestyles see 10–20% reductions in long-term healthcare costs, safer streets, and higher visitor spending.
By linking IRONMAN 70.3 Colombo with #ActiveColombo, organisers hope to position the city as a healthier home for citizens, a premier destination for high-value tourists, and a credible host for global sporting and lifestyle events, cementing Colombo’s reputation as South Asia’s Active Capital.
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