Reinforcing its commitment to support Sri Lanka’s next phase of economic transformation, Commercial Bank of Ceylon has opened its new branch in Port City Colombo, bringing world-class banking services to the country’s emerging international financial hub.
Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, the branch operates as a fully-fledged banking facility, strengthening the Bank’s presence in one of Sri Lanka’s most strategically significant economic zones.
The branch is designed to serve the evolving financial needs of corporates, investors, businesses, professionals, and retail customers within the Port City Colombo ecosystem, offering access to Commercial Bank of Ceylon’s comprehensive portfolio of financial solutions.
These include current and savings accounts, fixed deposits, personal and business lending, housing and leasing facilities, credit and debit card services, inward and outward remittances, foreign currency accounts and transactions, trade finance solutions, import and export services, corporate banking, treasury and foreign exchange services, cash management solutions, and digital banking services.
The branch is also equipped with a Cash Recycling Machine (CRM) and an Automated Teller Machine (ATM), providing customers with convenient 24/7 access to essential deposit and withdrawal services, throughout the year.
By combining full-service branch banking with digital capabilities and uninterrupted self-service access, the new facility reflects Commercial Bank of Ceylon’s commitment to delivering future-ready, accessible, and internationally aligned financial services, supporting the growth of Port City Colombo as a dynamic hub for commerce, investment, and innovation.
SDB Bank modernises digital banking infrastructure with IBM
SDB Bank, one of Sri Lanka’s leading regulated banks, has collaborated with IBM and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its digital transformation journey.
Leveraging IBM’s enterprise infrastructure and automation solutions, SDB Bank continues to strengthen its ability to deliver secure, seamless banking experiences while enhancing agility and operational resilience.
As customer expectations evolve and the financial services landscape becomes increasingly dynamic, SDB Bank initiated a programme to strengthen its core banking environment and build a more agile digital backbone. The bank aims to enhance its ability to rapidly introduce, customise, and scale services, enabling it to respond more effectively to customer needs while improving operational efficiency.
“Our focus has always been on delivering dependable, customer-centric banking services. Working with IBM, we have upgraded our core infrastructure and built a flexible, future-ready, and robust platform that enables us to respond more quickly to changing customer expectations and market demands. This initiative strengthens our ability to innovate, scale, and drive long-term growth,” said Kapila Ariyaratne, Chief Executive Officer of SDB Bank.
As part of this transformation, SDB Bank has modernised its core banking foundation using IBM Power high-performance servers and IBM FlashSystem storage, creating a secure, resilient, and scalable platform for mission-critical banking operations. In parallel, the bank has adopted IBM Cloud Pak for Business Automation as its strategic automation platform to streamline workflows, enhance content management, and automate key business processes across the enterprise.
“Banks today must balance innovation with resilience and security. Through this collaboration, SDB Bank has established a scalable, future-ready digital foundation. This transformation demonstrates how IBM, together with partners like SAT, can help financial institutions unlock business value, drive productivity, and innovate at scale using AI and hybrid cloud solutions,” said Gaurav Agarwal, Vice President, Technology, IBM India & South Asia.
Commercial Bank of Ceylon extends operations to Port City Colombo
