Continuing its role as Sri Lanka’s market leader in home loans and a bank that understands customers’ aspirations of homeownership, Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with Overseas Realty (Ceylon) PLC, to provide tailor-made home loan facilities for buyers of condominium units at Mireka Seascape, the company’s latest development.
Through this partnership, Commercial Bank will offer loans covering up to 100% of the purchase price of properties developed by Overseas Realty, under tripartite agreements that enhance transparency and efficiency for all parties involved.
Overseas Realty (Ceylon) PLC, renowned for delivering landmark developments such as the World Trade Center, Colombo, and Havelock City, has now introduced Mireka Seascape, its latest beachfront residential project in Dodanduwa. The development comprises 168 luxury apartments and villas, designed to blend architectural elegance with the serenity of coastal living, while offering sweeping views of the Indian Ocean and Rathgama Lake. With a prime location, contemporary design and premium amenities, Mireka Seascape sets a new benchmark in modern beachfront living along Sri Lanka’s southern coastal belt.
Commercial Bank remains the undisputed leader in Sri Lanka’s home loans market, offering a broad spectrum of financing options with competitive rates and flexible repayment options. The Bank’s continued collaborations with reputed developers like Overseas Realty reflect its proactive approach to supporting the housing aspirations of Sri Lankans.
By joining forces with one of the country’s most respected property developers, Commercial Bank is also reaffirming its position as a trusted financial partner in Sri Lanka’s evolving real estate landscape.
The first Sri Lankan bank with a market capitalisation exceeding US$ 1 billion, Commercial Bank was also the first bank in the country to be listed among the Top 1000 Banks of the World, and has the highest Tier I capital base among all Sri Lankan banks. The Bank is the largest private sector lender in Sri Lanka and the largest lender to the country’s SME sector. Commercial Bank is also a leader in digital innovation and is Sri Lanka’s first 100% carbon-neutral bank.
Commercial Bank operates a network of strategically located branches and automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 20 branches in Bangladesh, a fully-fledged Tier I Bank with a majority stake in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully owned subsidiaries, CBC Finance Ltd. and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.
Photo caption:
Mr Kapila Liyanage, Assistant General Manager – Personal Banking at Commercial Bank and Mr Pravir Samarasinghe, Director/CEO of Overseas Realty exchange the agreement in the presence of senior representatives of the two companies.
