ComBank Chairman, MD meet Central Bank Governors of Bangladesh and Maldives in Washington, DC

Wednesday, 30 October 2024 00:04 - - {{hitsCtrl.values.hits}}

Commercial Bank Chairman Sharhan Muhseen, Managing Director and CEO Sanath Manatunge, with the Central Bank of Bangladesh Governor Ahsan H. Mansur (above) and Central Bank of Maldives Governor Ahmed Munawar

Commercial Bank of Ceylon PLC Chairman Sharhan Muhseen, and the Managing Director and CEO Sanath Manatunge, recently held discussions with the Governors of the Central Banks of Bangladesh and the Maldives during the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC.

The discussions with Bangladesh Bank Governor Dr. Ahsan H. Mansur and Maldives Monetary Authority (MMA) Governor Ahmed Munawar covered a range of topics of mutual interest, including Commercial Bank’s operations in Bangladesh and the Maldives and the bank’s commitment to these countries.

Commercial Bank entered Bangladesh in November 2003 with the acquisition of Credit Agricole Indosuez’s (CAI) Bangladesh operations, marking its first-ever acquisition of a banking operation. These operations now comprise 20 outlets, including 11 branches, two specialised offshore banking units, six SME centres, and a booth at the US embassy. For the past 14 years, Commercial Bank Bangladesh has received the ‘AAA’ (Triple A) Long-Term credit rating from Credit Rating Information and Services Ltd. (CRISL), a rare achievement for a bank in Bangladesh.

Commercial Bank of Maldives, a fully-fledged Tier 1 bank in the Maldives and a subsidiary of Commercial Bank, commenced operations in 2016 as a joint venture with Tree Top Investments, Maldives.