Commercial Development Company PLC, a subsidiary of the Commercial Bank of Ceylon, recently moved to new premises at 8-4/2, York Arcade Building,Leyden Bastion Road, Colombo 1. 

Chairman of Commercial Development Company B.R.L. Fernando and Managing Director of Commercial Development Company and Commercial Bank Jegan Durairatnam declared open the new office.

Commercial Development Company was formed in 1980 as the first subsidiary of Commercial Bank to build, and later to manage the head office of the bank. Today it is one of the principal utility service providers of the Bank, which holds a 93.85% stake in the company.