In 2003 Commercial Bank acquired Credit Agricole lndosuez (CAl) operations in Bangladesh consisting of 2 branches in Dhaka and Chittagong and the 2 booths in Gulshan and Sonargaon. Commercial Bank, while continuing CAI's strategy would further extend the reach and range of services in Bangladesh. Over a period, our bank would strengthen the retail banking side as well, for which Commercial Bank has made its name in Sri Lanka.

This represents the first acquisition of a foreign bank by a Sri Lankan bank and paves the way for Commercial Bank to become a regional player.

The formal taking over of CAI's Bangladeshi operation took place on November 6 2003. The official opening ceremony was held on 10th December 2003 attended by Governor Central Bank of Sri Lanka, Governor of Bangladesh Bank and many other distinguished guests, including diplomats, corporate customers, representatives of foreign multi-nationals and other well-wishers.

CAI Bangladesh commenced operations in Bangladesh in 1981 as Banque lndosuez. Thereafter, it merged with Credit Agricole, another leading French Bank to become Credit Agricole lndosuez Bangladesh and was the second largest foreign bank there. CAI's disposal of Bangladeshi operations was a part of the Bank's global repositioning strategy.

BIC / SWIFT Code : CCEYBDDH