| 1920 |
|
The Eastern Bank Ltd. (EBL) opened a branch in
Chatham Street. |
| 1957 |
|
The share capital of EBL was acquired by the
Chartered Bank. |
| 1969 |
|
The Commercial Bank of Ceylon Ltd. was incorporated with EBL holding 40% of its equity. |
| 1971 |
|
The business of the EBL was taken over by the
Chartered Bank. |
| 1973 |
|
The Galle, Jaffna and Kandy branches of the Mercantile Bank Ltd. were acquired by the Bank. |
| 1979 |
|
The Foreign Currency Banking Unit (FCBU) was formed. |
| 1980 |
|
Commercial Development Company Ltd. was incorporated to construct a Headquarters for the Bank with a 40% equity participation. |
| 1984 |
|
The Headquarters of the Bank was shifted to ‘Commercial House’, No. 21, Bristol Street (now known as Sir Razik Fareed Mawatha), Colombo 01. |
| 1987 |
|
EBL changed its name to Standard Chartered (UK)
Holdings Ltd. |
| 1988 |
|
An associate company, Commercial Leasing Company Ltd. was formed. |
| 1990 |
|
Introduced ATM facilities to its customers. |
| 1993 |
|
Introduced the Core Banking Software - International Comprehensive Banking System (ICBS). |
| 1994 |
|
Bank celebrated its 25th Anniversary. |
| 1996 |
|
Shareholdings in Commercial Development Company Ltd. increased to 94.55% through a share swap. |
| 1997 |
|
Standard Chartered Bank sold its 40% stake in the Bank. |
| 1998 |
|
365-day branch at Colombo 07 was opened. All branches except Jaffna were linked to the ICBS. |
| 1999 |
|
Banking and supermarketing were combined by opening the first 'MiniCom'. |
| 2000 |
|
Internet Banking was launched. |
| 2001 |
|
Opened the 100th branch at Kaduruwela and the Gold Trading Unit at the Foreign Branch. |
| 2003 |
|
The operations of Credit Agricole Indosuez in Bangladesh
was taken over. |
| 2004 |
|
Commercial Bank Social Responsibility Trust was set up. |
| 2005 |
|
Raised US $ 65 Mn. two-year syndicated loan with an option to extend it for a further year at the option of the lender, the first such loan by a non-sovereign corporate in the country.
Introduced the first mobile ATM in the country. |
| 2006 |
|
Raised US $ 10 Mn. by issuing a five-year bond, the first of its kind by an indigenous bank in Sri Lanka.
Opened 150th branch at Mahiyanganaya. |
| 2008 |
|
Sold of its 30% stake in the equity of Commercial Leasing Company PLC.
Became the first Sri Lankan bank to be ranked among the
‘Top 1000 Banks in the World’. |
| 2009 |
|
Became the first and only Bank in Sri Lanka to be
CMMi certified.
Bank installed its 350th ATM at the Piliyandala branch. |
| 2010 |
|
Installed its 400th ATM at the Ruwanwella branch adding 50 ATMs during the year. |
| 2011 |
|
Became the only Sri Lankan bank to be ranked among
the ‘Top 1000 Banks in the World’ for the 2nd time.
Opened the 200th delivery point at Kataragama and installed the 500th ATM.
Set up Islamic Banking Unit and Elite Branch for high networth customers. |
| 2012 |
|
Became the only Sri Lankan bank to be ranked among
the ‘Top 1000 Banks in the World’ for the 3rd time and for the 2nd consecutive year.
Raised as US $ 65 Mn. from the International Financial Corporation (IFC). |
| 2013 |
|
Became the only Sri Lankan bank to be ranked among
the ‘Top 1000 Banks in the world’ for the 4th time and for the third consecutive year.
Adjudged as Sri Lanka’s 'Best Bank' for the 15th consecutive year by one of the world’s most respected financial publications, ‘Global Finance (USA)’.
Adjudged as the ‘Best Local Trade Bank in Sri Lanka’ by ‘Trade Finance Magazine (UK)’ for the 4th time and 3rd consecutive year.
Raised US $ 75 Mn. from the IFC as a ten year Subordinated Term Debt that qualifies for Tier II Capital.
Bank’s Annual Report 2012, was adjudged as the Overall Winner at the Annual Reports Competition conducted in 2013 by the ICASL. The Report won two other Gold Awards and a Silver Award. |