The Commercial Bank of Ceylon (ComBank) has adopted Bloomberg’s Data Licence to access reliable, quality reference data and to streamline their portfolio management.
This marks ComBank as the first bank in Sri Lanka to adopt Bloomberg’s Data Licence to power its growth journey with comprehensive enterprise data.
ComBank will use it to perform valuations and ‘mark to market’ their portfolio automatically, reducing the scope for error. The Licence provides billions of data points daily, spanning reference, ESG, pricing, risk, regulation, fundamentals, estimates, historical data and more to help companies streamline operations and discover new investment opportunities.
Deputy General Manager, Treasury at ComBank, Asela Wijesiriwardane said, “Adopting Bloomberg’s Data Licence will help Commercial Bank in effectively and accurately valuing our fixed income portfolios while streamlining the FX rate scanning and rate sheet generation processes.”
