Commercial Bank to set up a fund management subsidiary in Singapore
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Sri Lanka’s largest private sector bank, Commercial Bank of Ceylon is planning to set up a fund management subsidiary in Singapore, the Bank announced.
TheBank made this announcement to the Colombo Stock Exchange (CSE) today after obtaining the approval of the Monetary Board of the Central Bank of Sri Lanka (CBSL) to set up the Fund.
Singapore is among Commercial Bank’s top three destinations in terms of its cross-border exposure.
Commercial Bank also operates in Bangladesh.
