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Corporate Social
Responsibility

Commercial Bank presents 50 more scholarships & Laptops to undergraduates

The Commercial Bank of Ceylon has presented another 50 undergraduates from seven state universities with scholarships and laptops under the Bank’s CSR Trust’s ‘Sarasaviyata Nawa Saviyak’ community initiative.

The selected undergraduates will each receive Rs 30,000 a year for the period they spend at university.

This was Commercial Bank’s seventh undergraduates scholarships presentation under this programme. It was held at the Bank’s Union Place auditorium, and brought the total number of such scholarships presented by the Bank to date to 300.

Of this latest batch of scholarship recipients, 33 were female. Ten of the 50 undergraduates are studying Management, six Accountancy, three each Marketing Management and Medicine, five Finance Management, four Human Resource Management while four are studying for B.Com degrees.

Recipients of Commercial Bank’s undergraduate scholarships are chosen with the assistance of the University Grants Commission (UGC). Being ineligible for Mahapola or any other scholarship programme, the number of attempts made at the GCE A/L examination, the number of school-going children in the family, parental income and the distance between the university and the student’s home are some of the factors that are taken into consideration in identifying recipients.

The latest batch of beneficiaries were from the districts of Gampaha, Anuradhapura, Galle, Kandy, Matale, Kegalle, Badulla, Monaragala, Ratnapura, Colombo, Polonnuaruwa, Nuwara Eliya, Batticaloa, Hambantota, Ampara, Matara, Puttlam and Kalutara.

The Bank’s Flagship CSR initiative of donating fully-equipped IT laboratories to schools across the country reached a milestone recently, with the donation of its 160th IT lab. The programme has to date benefited more than 160,000 students. The schools are also provided accessories such as computer tables, printers and chairs, and the Bank provides assistance to maintain and upgrade these computer labs when necessary to ensure that the facilities benefit many batches of students.

The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for four consecutive years (2011-2014), and ranked the most valuable private sector brand in the country in 2014, the Commercial Bank has won multiple awards as Sri Lanka’s best bank over several years, and was adjudged one of the country’s 10 best corporate citizens by the Ceylon Chamber of Commerce in 2013 and 2014. The Bank has been rated the Most Respected Bank in Sri Lanka by LMD for the past 10 years, has been the second Most Respected Corporate entity in the country overall for the past four years, and been rated No 1 in Sri Lanka for Honesty in 2013 and 2014 by the magazine.

Photo Caption:
Some of the undergraduates who received scholarships and laptops from Commercial Bank.