The Commercial Bank of Ceylon has been awarded the title of Best SME Bank in Sri Lanka for 2025 by Global Finance for the third consecutive year. The recognition is based on the bank’s outstanding service to SMEs and its remarkable growth within the sector. In related news, activists are urging for the implementation of recommendations from the Easter Commission while Indian PM Modi is set to visit Sri Lanka for bilateral talks. Additionally, COPE is investigating irregular medicine imports tied to a private company.
The Commercial Bank of Ceylon has once again been honored as the Best SME Bank in Sri Lanka for 2025 by Global Finance. This recognition marks the bank’s third consecutive year receiving the title, highlighting its ongoing commitment to serving the specialized needs of SMEs. The magazine’s selection process involved both objective metrics and subjective assessments to determine the World’s Best SME Banks for 2025.
In addition to the Commercial Bank, esteemed institutions such as Bank of America, Lloyds Bank, and others across various countries were recognized as the Best SME Banks in their respective nations. The Commercial Bank has exhibited significant growth in its SME portfolio, thereby increasing its contribution to the overall advances portfolio and expanding its market share.
Notably, the bank has introduced initiatives to aid SMEs, including the launch of the ‘Commercial Bank LEAP GlobalLinker’ and the ‘ComBank Trade Club’, aimed at facilitating business access to global markets. The Commercial Bank LEAP|GlobalLinker platform, powered by GlobalLinker, enables over 13,000 customers to create e-stores and connects them with markets in 150 countries.
In other news, there are ongoing demands from activists for the implementation of recommendations from the Special Presidential Commission regarding the Easter Sunday terror attacks. With 71 months since the tragic incident, advocates argue that the government must prioritize justice for the victims, following promises made by President Dissanayake. Additionally, Indian Prime Minister Narendra Modi’s upcoming visit to Sri Lanka has been formally announced, where he will hold discussions and inaugurate various projects.
Finally, the Committee on Public Enterprises (COPE) is investigating irregularities concerning drug imports, specifically focusing on a private company, ‘Savorite’, which allegedly received Waiver of Registration certificates without proper evaluation. The Chair of COPE emphasized the need for accountability in this matter, aiming to ensure the integrity of the National Medicines Regulatory Authority.
In summary, the Commercial Bank of Ceylon’s recognition as the Best SME Bank for 2025 underscores its commitment to the SME sector in Sri Lanka. Alongside these encouraging developments, pressing issues such as the demand for justice regarding the Easter Sunday attacks and the investigation into medication imports indicate significant challenges that require urgent attention. These facets illustrate the dynamic landscape of current affairs in the region, showcasing both progress and the need for accountability.
Original Source: island.lk
