COLOMBO, August 28, 2025 (ePRESS) – The Commercial Bank of Ceylon PLC has become the first bank in Sri Lanka to cross a market capitalisation of US$ 1 billion, marking a historic milestone for the country’s financial sector.
The achievement was celebrated at the Colombo Stock Exchange (CSE), where the Bank was invited to ring the ceremonial bell. The Bank’s market capitalisation topped the landmark figure after its share price rose to Rs. 196.75 at the close of trading on August 19, 2025, up from Rs. 144.75 at the end of 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,” said Commercial Bank Chairman Sharhan Muhseen.
CSE Chairman Dimuthu Abeyesekera said Commercial Bank has joined the distinguished ranks of only two other listed companies to achieve the billion-dollar mark, becoming the third Sri Lankan company overall. “This is a proud moment for the Bank, the Colombo Stock Exchange and the nation. Every billion-dollar company added 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,” said Sanath Manatunge, Managing Director and CEO of Commercial Bank. “It reflects the strength of our business model and the confidence our investors continue to place in us.”
