Commercial Bank first to adopt Bloomberg Data Licence to streamline portfolio management and operations

Bloomberg yesterday announced that the Commercial Bank of Ceylon (ComBank), one of Sri Lanka’s leading banks, has adopted Bloomberg’s Data Licence to access reliable, high-quality reference data and to streamline their portfolio management. 

This marks ComBank as the first bank in Sri Lanka to adopt Bloomberg’s Data Licence to power their growth journey with comprehensive enterprise data.

ComBank will use Data Licence to perform valuations and ‘mark to market’ their portfolio automatically, reducing the scope for error. Data Licence provides billions of data points daily, spanning reference, ESG, pricing, risk, regulation, fundamentals, estimates, historical data and more, to help companies streamline operations and discover new investment opportunities. Data Licence content aligns with the data on the Bloomberg Terminal to provide consistency and scale to investment workflows across an enterprise. 

Commercial Bank of Ceylon PLC Treasury Deputy General Manager Asela Wijesiriwardane said: “Adopting Bloomberg’s Data Licence will help Commercial Bank in effectively and accurately valuing our fixed income portfolios while streamlining the FX rate scanning and rate sheet generation processes. Additionally, having access to a large database of high-quality data will aid our efforts in automating and improving existing processes.” 

Bloomberg – South Asia Head Rajiv Mirwani said: “We are pleased to support Commercial Bank of Ceylon with comprehensive enterprise data they can use to streamline operations, enhance efficiencies, and identify new opportunities in the wake of Sri Lanka’s growing economy.” 

Bloomberg’s Data Licence content is readily available via an intuitive online data catalogue at data.bloomberg.com or by entering Data on the Bloomberg Terminal. 

Customers can maximise value with flexible delivery options by selecting exactly the data they need with Per Security or accessing pre-curated datasets with Bulk options. Data Licence content is easy to access via APIs or natively in all major cloud providers.