Commercial Bank of Ceylon Adopts Bloomberg Data License to Streamline Portfolio Management and Operations

Colombo – WEBWIRE – Wednesday, August 7, 2024

Bloomberg announced that Commercial Bank of Ceylon (ComBank), one of Sri Lankas leading banks, has adopted Bloombergs Data License to access reliable, high-quality reference data and to streamline their portfolio management. This marks ComBank as the first bank in Sri Lanka to adopt Bloombergs Data License to power their growth journey with comprehensive enterprise data.

ComBank will use Data License to perform valuations and mark to market their portfolio automatically, reducing the scope for error. Data License provides billions of data points daily, spanning reference, ESG, pricing, risk, regulation, fundamentals, estimates, historical data and more to help companies streamline operations and discover new investment opportunities. Data License content aligns with the data on the Bloomberg Terminal to provide consistency and scale to investment workflows across an enterprise.

Adopting Bloombergs Data License will help Commercial Bank in effectively and accurately valuing our fixed income portfolios while streamlining the FX rate scanning and rate sheet generation processes. Additionally, having access to a large database of high-quality data will aid our efforts in automating and improving existing processes. said Asela Wijesiriwardane, Deputy General Manager Treasury at Commercial Bank of Ceylon PLC.

We are pleased to support Commercial Bank of Ceylon with comprehensive enterprise data they can use to streamline operations, enhance efficiencies, and identify new opportunities in the wake of Sri Lankas growing economy, said Rajiv Mirwani, Head of Bloomberg South Asia.

Bloombergs Data License content is readily available via an intuitive online data catalog at data.bloomberg.com or by entering Data -GO- on the Bloomberg Terminal. Customers can maximize value with flexible delivery options by selecting exactly the data they need with Per Security or accessing pre-curated datasets with Bulk options. Data License content is easy to access via APIs or natively in all major cloud providers. To learn more, click here.

About Commercial Bank of Ceylon

Sri Lankas first 100% carbon neutral bank, Commercial Bank is the largest private sector bank in Sri Lanka and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World. The Bank is the largest lender to Sri Lankas SME sector, and is a leader in digital innovation in the countrys Banking sector. Commercial Bank operates a strategically-located network of branches and 966 automated machines in Sri Lanka, and has the widest international footprint among Sri Lankan Banks.

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

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