ComBank launches “TradeLink” – a digital platform for importers and exporters

Tuesday, 18 March 2025 00:50 - - {{hitsCtrl.values.hits}}

Managing Director/CEO Sanath Manatunge at the launch of ComBank TradeLink

Sri Lanka’s importers and exporters have been provided with a sophisticated new digital platform for all their trade finance requirements by the Commercial Bank of Ceylon, the single largest private sector facilitator of the country’s international trade via a gamut of trade-related services.

“ComBank TradeLink” is a seamless, intuitive, user-friendly and future-ready digital front-end that will provide end-end solutions covering the entire customer journey, simplifying and accelerating trade finance transactions and promoting compliance, the bank said.

Importers using ComBank TradeLink will have 24x7 real-time digital access to products such as; Import Letters of Credit, Import Collection Documents, Shipping Guarantees and Advance Documents, Open Account Payments, Advance Payments and Letters of Guarantee.

Exporters can access Export Letters of Credit and Export Collection Documents via this online resource, expediting their export-related transactions and enhancing efficiency.

Among the many benefits offered by ComBank TradeLink are enhanced visibility with real-time status updates and notifications; personalised templates for quicker processing, minimising manual efforts; secure, multi-level authorisation workflows; improved document management with the ability to upload and view documents related to trade transactions; and a dashboard exclusive to each user.

The platform will support businesses from all sectors and of varying sizes and capacities and provide them with another communication path to the bank.

“From its very inception, Commercial Bank has been a leading player in the trade finance sphere and has historically been one of the country’s biggest facilitators of imports and exports,” Commercial Bank Managing Director/CEO Sanath Manatunge said. “This legacy of commitment to trade finance facilitation continues with this latest initiative, which will take trade finance to the digital realm with a comprehensive suite of online services that will expand and evolve with local and global changes in this sphere.”

He said ComBank Trade Link is the logical progression from the ComBank Trade Club launched by the bank two years ago. The Trade Club was conceptualised as the premier association of the import and export clientele of Commercial Bank. Its role is to widen the bank’s engagement with these customers to stimulate the growth of their businesses.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.