Overview

CBC Finance Ltd. is a Non-Banking Financial Institution (NBFI) in Sri Lanka that is a fully owned subsidiary of the Commercial Bank of Ceylon PLC. the largest private sector bank in Sri Lanka. The Company has a credit rating of A (lka) from Fitch Ratings Lanka Ltd. and has been registered by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No.42 of 2011 The Company was incorporated as Indra Finance Ltd. in 1987 as a fully owned subsidiary of Indra Traders (Pvt) Ltd. At the initial stages, it catered to the growing market of financing vehicles. The Commercial Bank of Ceylon PLC acquired full ownership of Indra Finance Ltd. in 2014 under the then Financial Sector Consolidation Plan and renamed the entity as Serendib Finance Ltd. in 2015. In December 2020, the Company was renamed as CBC Finance Ltd. in order to reflect the close association with the Commercial Bank of Ceylon PLC.