The Commercial Bank of Ceylon has been named the Best SME Bank in Sri Lanka for 2025 by Global Finance, marking its third consecutive year of receiving this honor. The recognition was based on the bank’s ability to meet the specialized needs of SMEs. The bank has reported significant growth in its SME portfolio and has launched initiatives like the LEAP GlobalLinker to assist businesses in expanding globally.
The Commercial Bank of Ceylon has been awarded the title of Best SME Bank in Sri Lanka for 2025 by Global Finance. This recognition marks the third consecutive year that the bank has received this prestigious accolade. Global Finance noted that the awarded banks excel in serving the unique needs of small and medium enterprises (SMEs), making the selection based on a combination of objective and subjective assessments.
Alongside Commercial Bank, several prominent financial institutions were acknowledged as Best SME Banks in their respective countries. These include Bank of America from the USA, Lloyds Bank from the UK, and Commerzbank from Germany, among others. This esteemed recognition underscores the bank’s commitment to the SME sector.
Commercial Bank has reported significant growth within its SME portfolio, increasing its contributions to the overall advances portfolio and enhancing its market share. Such growth is attributed to the diversification of the sector and the specialized products the bank offers to SMEs.
Recent initiatives from Commercial Bank aimed at supporting SMEs include the launch of the ‘Commercial Bank LEAP GlobalLinker’ and ‘ComBank Trade Club’. These initiatives are designed to assist businesses in accessing global markets, demonstrating the bank’s proactive approach.
Commercial Bank LEAP|GlobalLinker operates as a digital ecosystem facilitated by GlobalLinker, an international business platform that connects enterprises across 150 countries. To date, the bank has welcomed over 13,000 customers and established 700 e-stores on its LEAP|GlobalLinker platform, facilitating greater online presence for SMEs.
In conclusion, the Commercial Bank of Ceylon’s recognition as the Best SME Bank in Sri Lanka for the third consecutive year by Global Finance underscores its commitment to enhancing the SME sector. The bank’s notable growth, innovative initiatives like the LEAP GlobalLinker, and its role in providing critical services reflect its dedication to supporting the diverse needs of small and medium enterprises. This accolade not only solidifies the bank’s position in the financial landscape but also exemplifies its positive impact on the SME community.
Original Source: island.lk
