Commercial Bank of Ceylon PLC (Bangladesh Operations)

OPERATING STATUS: Fully operational. No change of ownership, exit, or merger underway. HISTORY: CBC Bangladesh commenced operations July 2003 via acquisition of Credit Agricole Indosuez's Bangladesh network — CBC's first-ever overseas acquisition. The French bank had operated two branches and two booths; CBC has since grown to 20 operating units across 5 districts (Dhaka, Chattogram, Sylhet, Narayanganj, Gazipur). NETWORK: 11 branches + 1 sub-branch + 6 SME centers + 2 offshore banking units (Dhaka OBU, Chattogram-CEPZ OBU) + 1 US Embassy booth = 21 total units (annual report states 20 operating units; 8 in Dhaka, 1 Chattogram, 1 Sylhet, 1 Narayanganj, plus OBUs and SME centers). 24 ATMs including 7 off-site. Automated Banking Centre (ABC) installed at Motijheel Branch in 2024 with real-time cash deposit machine, cheque deposit machine, and KIOSK. FINANCIALS: CBC's 2024 Annual Report discloses Bangladesh financials partly in BDT and partly in LKR. BDT figures confirmed: total deposits BDT 103.83 billion (Tk 10,383 crore), gross advances BDT 73.89 billion (Tk 7,389 crore), profit before tax BDT 10.24 billion, profit after tax BDT 5.94 billion, ROA 7.06%, ROE 23.09%. Total assets for Bangladesh operations are disclosed in LKR in the AR (LKR 16.861 billion as of 2024-12-31, up from LKR 12.457 billion in 2023 — these are almost certainly hundreds of billions in BDT given the deposit figure, but no direct BDT total-assets figure was found in the report; conversion would require a verified LKR/BDT rate from the same date, which is not available from a primary source, so total_assets_bdt is left null). NPL ratio not disclosed in the Bangladesh segment section; the bank confirmed NPL below 1% per Bangladesh Bank industry reporting. LEADERSHIP: CEO Bangladesh: Najith Meewanage, appointed approximately July 27, 2021 per The Daily Star and Financial Express reports. md_ceo_since set to 2021-07-27. Deputy CEO and COO: Kasun Herath; Deputy CEO and Head of Corporate Banking: Mahmud Hossain. Parent chairman Sharhan Muhseen appointed April 2024; md_since date for chairman set to 2024-04-01 as approximate. RATING: AAA (Long Term) from CRISL reaffirmed annually. 14th consecutive year confirmed June 2024 (valid to June 2025). 15th consecutive year confirmed per October 2025 meeting with Bangladesh Bank Governor. rating_as_of set to 2024-06-01 as approximate date of the June 2024 reaffirmation. VERIFICATION STATUS: partial. Deposits, gross advances, profit after tax, ROA, ROE sourced directly from CBC 2024 Annual Report. Total assets (BDT) not available without LKR/BDT FX conversion; NPL and CAR not in public segment disclosures. CEO appointment date and chairman date are approximate.