Our History

1980
Incorporation

Incorporated the Commercial Development Company Ltd. (CDC) to construct Headquarters for the Commercial Bank with a 40% equity participation of the Bank.

1983
Listing of CSE

Company was listed on the Colombo Stock Exchange

1984
"Commercial House" Building

Opening of the New Commercial Development Company Building

1984
Commercial Bank

The Headquarters of the Commercial Bank was shifted to our building ‘Commercial House’, No. 21, Bristol Street, Colombo 01.

2012
Expansion

Expanded the services provided to Commercial Bank by increasing existing employee cadre

2014
Further Expansion

Further expanded the business by recruiting more than 80 employees.

2017
Office Premises

Office premises of the Company moved to a new premises at York Arcade Building, Leyden Bastion Road, Colombo 1 from "Commercial House" building.

2019
Asia’s Most Trusted Company

Company was awarded the title of “Asia’s Most Trusted Company” in the Real Estate category in Sri Lanka by International Brand Consulting Corporation of USA, a multinational business consulting and market research firm. The selection was based on a stringent evaluation of a number of criteria which, amongst others, included workplace culture, leadership, business ethics, and governance.

2019
Information System Upgrade

Company upgraded its information systems and processes in order to optimize the resource management by installing a new IT system.

2019
First CSR project

Company marked its first CSR activity by organizing an eye and other organ donation scheme amongst its staff. Under this scheme, employees are provided an opportunity to sign up for donating their eyes and other organs to the Sri Lanka Eye Donation Society upon their death. More than 150 employees had volunteered to sign for this worthy cause.

2020
Celebrated the 40th Anniversary

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