CBC Finance strengthens Board with top industry leaders

CBC Finance PLC, a fully owned subsidiary of Commercial Bank of Ceylon PLC, has appointed two leading financial professionals, Ananda Seneviratne and Sanjaya Bandara, as Independent Non-Executive Directors, effective 6 August 2026.

The appointments reinforce CBC Finance’s focus on strong corporate governance, prudent risk management, and steady business growth in Sri Lanka’s financial sector. Approved by the Central Bank of Sri Lanka under the Finance Business Act, their onboarding further strengthens the Company’s capacity for sustainable expansion.

The two new Board members bring decades of combined experience across commercial banking, non-bank financial services, audit and assurance, corporate governance, risk management, and regulatory oversight.

Seneviratne brings more than 37 years of executive experience spanning the banking, non-banking financial, and corporate sectors. His career has been distinguished by senior leadership roles encompassing strategic management, corporate rehabilitation, credit oversight, risk management, and ESG integration.

He previously served as Managing Director of Siyapatha Finance PLC from 2019 to 2025 and as Director/Chief Executive Officer of Assetline Leasing Company Ltd., from 2009 to 2019. His extensive industry experience has also seen him provide sector-level leadership as Chairman of the Finance Houses Association of Sri Lanka (2022–2024) and Chairman of the Leasing Association of Sri Lanka (2016–2018).

Seneviratne has made significant contributions to the broader financial system. Appointed by the Central Bank of Sri Lanka, he served as an Administrator under the Banking (Special Provisions) Act No. 17 of 2023, an ex-officio member of the CBSL Stakeholder Engagement Committee, and head of CBSL-appointed independent management panels established to revive distressed financial institutions. He has further served on the Board of Directors of the Credit Information Bureau of Sri Lanka (CRIB) and currently serves as a Non-Executive Director of the State Mortgage and Investment Bank.

A Fellow Member of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), Mr. Seneviratne holds a B.Sc. in Public Administration from the University of Sri Jayewardenepura and an MBA from the University of Colombo.

Bandara, a distinguished finance and assurance professional with more than two decades of experience in audit, financial reporting, corporate governance, and risk management. Bandara currently serves as Partner and Head of Audit and Assurance Services at B.R. De Silva and Co., a member firm of Nexia International a position he has held since 2004. He previously served as President of CA Sri Lanka from 2022 to 2023.

His professional career includes several key governance and regulatory appointments, such as serving as a Commission Member and Chairman of the Audit Committee of the Securities and Exchange Commission of Sri Lanka, a member of the CBSL Stakeholder Engagement Consultative Committee, and a Board Member of regional accounting bodies including the Confederation of Asian and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA).

Bandara also brings considerable experience within the non-bank financial services sector, having served as Chairman of Mercantile Investment and Finance PLC and as an Independent Non-Executive Director and Audit Committee Chairman across several listed and public entities.

He holds a B.Sc. Special Honours degree in Accounting and Financial Management from the University of Sri Jayewardenepura and an MBA from the University of Colombo. He is a Fellow Member of CA Sri Lanka and an Associate Member of the Institute of Certified Management Accountants of Sri Lanka.

The appointments complement the Company’s existing Board structure, which integrates expertise across investment banking, treasury, international banking, risk management, and corporate leadership. Backed by the strength and heritage of Commercial Bank of Ceylon PLC, CBC Finance remains focused on delivering responsible financial solutions nationwide while upholding high standards of transparency and stakeholder accountability.