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Offers limitless cash transactions and extended hours
at unique in-mall facility
The Commercial Bank of Ceylon has chosen Bambalapitiya as the location for a unique Holiday Banking Centre with extended working hours and no ceiling on transaction values.
To be located on the third floor of the Majestic City mall complex, the new banking outlet to be inaugurated on 27th April will stay open from 10.00 am to 7.30 pm on most days of the year, including public, bank and mercantile holidays, and will cater to corporate, trade and retail customers, the Bank said.
The Bank’s ‘MiniCom’ supermarket banking counter on the ground floor of the complex will continue to operate on all days that the host supermarket stays open, offering deposits and withdrawals of up to Rs 200,000.
“Our research indicates that there is demand for higher transaction limits and extended hours, which will be provided by the second Majestic City counter,” Commercial Bank’s Deputy General Manager Operations Mr. Sanath Bandaranayake said. “It will substantially enhance our presence in the Colombo West area, and raise the bar in terms of service to our customers.”
Besides the Commercial Bank’s ‘MiniCom’ counter at Cargills Food City at Majestic City, the Bank’s customers in the Bambalapitiya area are also served by two other branches, at Milagiriya and at Thummulla.
The new Holiday Banking Centre at Majestic City is modelled on a similar facility set up by the Bank at the Kandy City Centre complex, which is the only other bank counter in Sri Lanka to offer limitless extended-hour banking on a 360-day basis.
It will offer unlimited withdrawals and deposits, issue of Pay Orders, issue of local drafts, issue and encashment of travellers cheques and foreign currency notes, collection of inward remittances (e-Exchange and Moneygram) and opening of current accounts in addition to the routine facilities available at the Bank’s outlets.
The extensive parking facilities available at the complex would be an incentive for many customers located outside Majestic City, but the new counter would also be a boon to the many businesses located within the complex, Mr. Bandaranayake said.
The Majestic City Holiday Banking Centre would be linked to Commercial Bank’s 175 other branches and supermarket banking counters and its 360-strong ATM network in Sri Lanka, offering customers the full benefits of seamless IT integration that is one of the key strengths of the Bank.
Ranked second among all corporates in the latest Business Today rankings, the Commercial Bank of Ceylon PLC has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The Banker,’ ‘Best Bank in Sri Lanka’ for 12 consecutive years by ‘Global Finance’ Magazine, and ‘The Best Bank in Sri Lanka’ by FinananceAsia. It has also been rated ‘Best Local Trade Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine.
The Commercial Bank of Ceylon recently opened a branch in Manipay, expanding its presence in Jaffna.
The new branch is located at No, 244 and 246, Jaffna Road, Manipay in a spacious building with ample parking facilities.
The Manipay branch is linked to 174 Commercial Bank branches and Supermarket Banking counters islandwide permitting online real-time banking. It is also equipped with two ATMs linked to the 360 ATMs of Commercial Bank and over one million ATMs belonging to the Cirrus (Mastercard network) and Visa networks worldwide.
The Commercial Bank of Ceylon has opened a branch in Kalmunai, in a spacious building with ample parking facilities at No, 132 Batticaloa Road, Kalmunai.
The new branch, the Bank’s 173rd in Sri Lanka is linked to all other Commercial Bank branches and Supermarket Banking counters islandwide permitting online real-time banking. It is also equipped with two ATMs linked to 360 ATMs of Commercial Bank and over one million ATMs belonging to the Cirrus (Mastercard network) and Visa networks worldwide.
The Commercial Bank offers year-round banking through 24 Supermarket Banking counters and six 365 day banking Centres, covering major towns including Jaffna.
Colombo – Tuesday 22nd December, 2009 - The Corporate Social Responsibility Trust of Commercial Bank recently donated a three wheeler to the ‘North Ceylon Sri Paramananda Children’s and Elders Home and Ashram’ at Nelliady in Jaffna in response to a request from the Home.
The three wheeler will be used to take sick children or elderly persons for medical treatment and for other essential transport.
The donation was made to the home by Mr. S. K. Gunasinghem, the Manager of the Commercial Bank branch in Nelliady, Jaffna.
Established in 1970, the ‘North Ceylon Sri Paramananda Children’s and Elders Home and Ashram Trust’ is an approved charity. The home is situated close to the Commercial Bank branch in Nelliady and accommodates 40 children and eight elders.
The Commercial Bank’s CSR Trust was established for the purpose of fostering projects focused on education, child welfare, rehabilitation of irrigation systems and community services. The Trust commenced with a startup capital of Rs 25 million and the Bank contributes up to one per cent of its post tax profits every year towards it.
Commercial Bank’s Nelliady branch Manager S.K. Gunasinghem presents the keys of the three wheeler to the Ashram’s Treasurer A. Umapathikailayanathan in the presence of other representatives of the Ashram and the Bank’s Nelliady Branch staff.
Colombo – Monday 14th December 2009 - Commercial Bank’s customers who pay their Mobitel bills or top-up their Mobitel or Dialog pre-paid connections using ‘Com e-Load’ can now win cash prizes daily under a new promotion launched by the Bank.
To be run from November to until the end of January 2010, the promotion will select five winners daily from those who use the ‘Com e Load’ facility and each will be awarded Rs.500/- Prize monies will be credited to the winners’ accounts at the Commercial Bank.
Com e-Load is a mobile payment solution that enables account holders of Commercial Bank to pay their mobile bills by transferring funds from their bank accounts and to top up their Mobitel and Dialog pre paid connections and pay their Mobitel post paid connection bills through a simple SMS (Short Message Service), using a PIN number provided by the bank .
‘Com e Load’ is available 24 hours of the day and people from any remote location where mobile phone coverage is available can sign up for this service by paying a one time registration fee of Rs. 100.
“Since our Com e Load facility has become very popular among Dialog and Mobitel subscribers, this will be a great opportunity for many to win cash prizes over a three month period,” said Mr. Pradeep Banduwansa, Senior Manager of the e-Banking Division of Commercial Bank. “The promotion will also increase awareness of the remarkable convenience that this facility offers when it comes to reloading mobile phones and settling post paid bills.”
Established in 1969, Commercial Bank is Sri Lanka’s leading bank, with dominant positions in consumer banking, treasury and securities markets. The Bank’s network in Sri Lanka comprises of 172 computer-linked branches and supermarket banking counters and 350 ATMs.
Colombo – Thursday, 3 rd December 2009 - More than 50 corporate customers of the
Commercial Bank of Ceylon were recently provided an opportunity to participate in a seminar
organized by the Bank to promote understanding of ‘Financial Derivatives.’
The Bank’s top treasury customers participated in this full day seminar held at the Earl’s
Regency in Kandy.
The speakers at the event were Mr. Manish Jain, Head of SE Asia Pacific /GCC Global Market
Group at ICICI Bank of Mumbai and Mr. Ananda Silva, Assistant Governor of the Central Bank
of Sri Lanka.
The presentations covered managing risk ‘with’ derivatives, managing risk ‘of’ derivatives and
“New found Strengths, Opportunities and Challenges for businesses.”
Though the topic of the seminar sounds very formal, it was anything but that, Mr. Prins Perera,
Head of Global Markets at Commercial Bank said.
Participants were taken to Kandy in the plush comfort of the Viceroy Special train, a 75 year old
private train and the only steam train still in operation in Sri Lanka. The luxury train has two airconditioned
observation saloons furnished in period style, with 64 plush reclining seats and
individual adjustable tables.
After the seminar, it was time to have fun and games. Everybody had a wonderful time enjoying
the games that were lined up for them. Toe tapping music kept company whilst Commercial
Bank treasury team mingled with their valued customers and got to know them in a more
informal setting. It was truly mixing business with pleasure, in the most positive way, Mr. Perera
“The seminar was greatly appreciated by our corporate customers who deal with companies in
the international markets. It highlighted the importance of having a hedging mechanism that
guarantees the inflow and outflow of profits,” he added.
Established in 1969, Commercial Bank is Sri Lanka’s leading bank, with dominant positions in
consumer banking, treasury and securities markets. The Bank’s network in Sri Lanka comprises
of 172 computer-linked branches and supermarket banking counters and 350 ATMs. A multiple
award winner, the Bank has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The
Banker,’ ‘Best Bank in Sri Lanka’ for 11 consecutive years by ‘Global Finance’ Magazine and
‘The Best Bank in Sri Lanka’ by FinananceAsia. It was also recently adjudged ‘Best Local Trade
Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine.
Colombo – Monday, 30 th November 2009 - All Commercial Bank’s Credit, Debit and Shopping cardholders can enjoy attractive discounts at outlets of ODEL, NOLIMIT,Sarasavi Bookshop and DSI under a special Christmas promotion announced by the Bank.
Valid till 31st December 2009, the new promotion allows cardholders to enjoy discounts of up to 30 per cent on purchases at any Sarasavi Bookshop, 10 per cent discount on purchases at ODEL and NOLIMIT stores and 20 per cent discounts at DSI for purchases of more than Rs.1,000.
Simultaneously, the currently applicable discount of 20 per cent offered to Commercial Bank’s cardholders at Abans outlets has been increased up to 40 per cent for selected products, under a new phase of this promotion, the Bank said.
“This is a great opportunity for our 1.6 million cardholders to save substantially on their purchases this Christmas season,” Head of Cards for Commercial Bank Mr. Lakshman Perera said.Cardholders would also be entitled to attractive overseas promotions carried out by Mastercard and VISA during this period. There are many offers available in more than 20 countries including popular destinations such as Thailand, India and Singapore.Details of these offers can be obtained by calling 0112353353 or logging into www.combank.lk.
Commercial Bank also has an ongoing promotion called ‘Comdeals’ which provides value addition to cardholders through discounts for purchases at over 75 merchant outlets and zero – per cent easy payment schemes for credit cardholders.
Commercial Bank is Sri Lanka’s leading bank, with dominant positions in corporate and consumer banking, treasury and securities markets. The Bank’s network in Sri Lanka comprises of 172 computer-linked branches and supermarket banking counters and 354 ATMs. A multiple award winner, the Bank has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The Banker,’ ‘Best Bank in Sri Lanka’ for 11 consecutive years by ‘Global Finance’ Magazine., and ‘The Best Bank in Sri Lanka’ by FinananceAsia. It was also recently adjudged ‘Best Local Trade Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine.
Colombo – Monday, 16 th November 2009 - The Commercial Bank of Ceylon PLC has announced that it has reduced its lending rates on most borrowing facilities, with a grater emphasis on priority sectors with immediate effect.
The Bank said its decision has been taken considering the general decline in interest rates and the recent rate reductions announced by the Central Bank.
Commenting on the rate reductions, Mr. Amitha Gooneratne, Managing Director of Commercial Bank said that the rate reduction was in line with the government’s initiative to rejuvenate the economy and support customers to take advantage of emerging opportunities.
The Bank also recently announced a reduction of interest rates on its ‘Nivahana’ Housing Loan scheme enabling the public to obtain housing loans at significantly lower rates.
Established in 1969, the Commercial Bank has a network of 172 computer-linked branches and supermarket banking counters and 350 ATMs in Sri Lanka.
Colombo – Monday 5th October, 2009 -The Commercial Bank of Ceylon in partnership with the Lions Club has set
up a computer section at the Vocational Training Centre at Tellipallai to provide IT knowledge to youth in the area.
The Bank’s Corporate Social Responsibility Trust donated eight computers to the Vocational Training Centre through
this latest CSR project of the Bank. Construction of the Vocational Training Centre was done by the Lions Club of
Mallakam, Tellipallai, the cost of which was mainly borne by Lion S. Arumuganathan, District Co-coordinator -
Vocational Training, while the land for the building was donated by Lion. T. Jeyaraj.
“This was one of several projects carried out in the North with the launch of our 365 Day Banking facility in Jaffna,”
Commercial Bank’s Chief Operating Officer, Mr. Ravi Dias said. “Most of our CSR projects in this area are aimed at
uplifting standard of education, particularly in IT and English.”
Lion S. Raghavan, Past District Governor of Lions Clubs International – District 306 B1 and one time Manager of
Commercial Bank Jaffna branch initiated the project to build a computer section at the Vocational Training Centre,
and sought the assistance of Commercial Bank to buy the necessary computer equipment.
The Commercial Bank’s CSR Trust was established for the purpose of fostering projects focused on education, child
welfare, rehabilitation of irrigation systems and community services. The Trust commenced with a start-up capital of
Rs 25 million and the Bank contribute up to one per cent of its post tax profits every year towards it.
Recent CSR initiatives by the Trust includes building homes for the Tsunami affected, assisting Children’s Homes,
donating equipment and essentials to the Colombo National Hospital, refurbishing the Dental Clinic of Deniyaya Base
Hospital, setting up a High Dependency Unit for Ward No. 17 of the Matara General Hospital, repairing the path-way
to Sri Pada, upgrading the Udawela Kumara Primary School, building two IT laboratories in Udawela and at the Galle
Prison, and donating essential items to the internally displaced people in the North. The Trust has also provided 150
scholarships to undergraduates.
Colombo – Wednesday 30th September, 2009 - The Commercial Bank of Ceylon has introduced 365 day Banking in Kiribathgoda with the opening of its 172nd banking outlet at Laugfs Super Market at No. 60, Kandy Road, Kiribathgoda.
This is the first supermarket outlet of the bank in Kiribathgoda area. CommercialBank also has a branch at 145, Kandy Road Kiribathgoda.
The new service point is linked to all other Commercial Bank branches and the 24 Supermarket Banking Centers island wide permitting online real-time banking. It is also equipped with an ATM linked to 348 ATMs of the Bank and over one million ATMs belonging to the Cirrus (Mastercard network) and Visa networks worldwide.
Besides Kiribathgoda, 29 other Commercial Bank branches and Supermarket Banking Counters already offer 365 day banking in most major towns of the country, including Jaffna.
Colombo – Monday 14 th September, 2009 - More than 80 branches of the Commercial Bank of Ceylon will stay open for business on Monday, September 21st, a public and bank holiday on account of Ramazan.
Sri Lanka’s benchmark private sector bank has announced that all its 84 branches in the districts of Colombo and Gampaha will be kept open on this day. This is in addition to the 23 supermarket banking counters all over the country and the six 365 day banking centres which are open on all public, bank and mercantile holidays.
“Long weekends can be an inconvenience to businesses that stay open and to people who have urgent banking needs,” Mr. Sanath Bandaranayake – Deputy General Manager (Operations) said. “Our policy of opening a substantial number of branches on holidays has helped many corporate and retail customers.”
He said customers would be able to carry out all over-the-counter banking transactions including opening of accounts and obtaining foreign exchange for travel overseas on this day.
Commercial Bank’s network in Sri Lanka comprises of 171 computer-linked branches and supermarket banking counters and 348 ATMs. A multiple award winner, the Bank has been adjudged Sri Lanka’s ‘Bank of the Year’ seven times by ‘The Banker,’ ‘Best Bank in Sri Lanka’ for 11 consecutive years by ‘Global Finance’ Magazine., and ‘The Best Bank in Sri Lanka’ by Finance Asia. It was also recently adjudged ‘Best Local Trade Bank’ in Sri Lanka by the UK based ‘Trade Finance’ magazine.