COMMERCIAL BANK OF CEYLON PLC

Commercial Bank of Ceylon PLC (CBC) also known as ComBank is a licensed commercial bank in Sri Lanka and its ownership is private. It was incorporated as a public limited company and it is listed on the Colombo Stock Exchange. It is regarded as the largest private bank in Sri Lanka in terms of net worth and capital.[2] The bank is currently the third largest bank in Sri Lanka in terms of total net assets and it lies behind only Bank of Ceylon and People's Bank (both are state commercial banks). It is also the only private sector licensed bank in Sri Lanka to be designated as the higher-tier domestic systemically important bank according to the Central Bank of Sri Lanka.[3] The bank currently operates a network of 268 branches and around 932 ATM machines across Sri Lanka.[4]

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COMMERCIAL BANK OF CEYLON PLC SWIFT Code

Country

City

Bank or Institution

SWIFT Code

Sri Lanka

COLOMBO

CCEYLKLX

Sri Lanka

COLOMBO

CCEYLKLXXXX

Total: 2
1

About COMMERCIAL BANK OF CEYLON PLC

Company type
Public
Industry
Financial
Founded
1920 as Eastern Bank Ltd. 25 June 1969 ; 55 years ago ( 1969-06-25 ) as Commercial Bank of Ceylon Ltd
Headquarters
Colombo , Sri Lanka
Key people
Sharhan Muhseen (Chairman) Raja Senanayake (Deputy Chairman) Sanath Manatunge (CEO)
Revenue
LKR 280.387 billion (2022)
Number of employees
5,121 (2022)
Website
www .combank .lk

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What is a SWIFT code?

A SWIFT code is an 8 or 11 character code used in banking to facilitate transactions and identify the bank.

What is the purpose of a SWIFT code in international transactions?

SWIFT codes are used to route international financial transactions to the correct bank and branch. It facilitates the smooth and accurate transfer of funds between different banks and countries, ensuring that the transactions are processed correctly and securely.

How do I find my bank's SWIFT code?

You can find your bank's SWIFT/BIC code in the statements of your bank account. You can also use our SWIFT/BIC finder to get the right code for your transfer.

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Frequently Asked Questions

1. Why does COMMERCIAL BANK OF CEYLON PLC have different SWIFT Codes?

COMMERCIAL BANK OF CEYLON PLC operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process COMMERCIAL BANK OF CEYLON PLC's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of COMMERCIAL BANK OF CEYLON PLC to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of COMMERCIAL BANK OF CEYLON PLC, you can log on to the official website of COMMERCIAL BANK OF CEYLON PLC, or search the current page of XTransfer, or call COMMERCIAL BANK OF CEYLON PLC to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like COMMERCIAL BANK OF CEYLON PLC?

Usually, SWIFT Code consists of 8 or 11 characters. For COMMERCIAL BANK OF CEYLON PLC, the first 4 digits represent the bank code, which is the same for COMMERCIAL BANK OF CEYLON PLC worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for COMMERCIAL BANK OF CEYLON PLC be updated or changed?

Yes. When COMMERCIAL BANK OF CEYLON PLC undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where COMMERCIAL BANK OF CEYLON PLC is located, its SWIFT Code may be updated and changed. COMMERCIAL BANK OF CEYLON PLC will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of COMMERCIAL BANK OF CEYLON PLC in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of COMMERCIAL BANK OF CEYLON PLC support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of COMMERCIAL BANK OF CEYLON PLC supports the corresponding business.