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Corporate TVC - 02

Posted by GAYAN PUNCHIHEWA
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on Wednesday, 19 February 2014
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Commercial Bank Cardholders offered bigdiscounts at 49Restaurants

Posted by GAYAN PUNCHIHEWA
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on Tuesday, 18 February 2014
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‘Dine and Smile’ - the largest compilation of dining deals offered by a Bank

 

Commercial Bank’s Debit and Credit Cardholders have once again been given the best gastronomic experience offered by a Bank in the countrywith substantial discounts valid for nearly two months at 49 leading restaurants.

This promotion in which the participating restaurants are offering discounts of 30% and 20% respectively to the Bank’s Credit and Debit Cardholders, commenced on the 17th of February,runs through March and ends on 13th April.

The participating restaurants in the latest edition of ‘Dine and Smile’ are Rasawasala Restaurant (Amaya Hills), Samara Restaurant(Amaya Lake),Lake View Restaurant (Hunnas Falls), Wayamba Café Forest, Lemon Fish(Citrus Hikkaduwa),the Main Restaurant at Club Bentota,Far Pavilion Restaurant (Earl’s Regency),Coffee Shop,Flavor,Sheherezade and California Restaurants at Galadari Hotel, the SandsRestaurant, Black Coral and The Deck of Jetwing Beach, The Kitchen, CentrePoint and Café J at Jetwing Blue, Geoffrey’sPavilionand Blue Lagoon at Jetwing Lagoon, Cinnamon Room andCardamon Café at Jetwing Light House, Café C andLellama at Jetwing Sea, Old Course Restaurant of JetwingSt.Andrew’s,the Main restaurant at Haridra by Jetwing, Governor’s Restaurant and Terrace at Mount Lavinia Hotel,AkasaKade, Bars café,Baskin Robbins (on week days), CaféPascucci, China Doll, Scarlet Café& Cloud café of Colombo Court Yard, DynastyRestaurant of Grand Monarch, Thalawathugoda, Loon Tao, Oak Ray of Regency Kandy, Raja Bojun, R n R, Senani Restaurant Kandy, Sun Shine Restaurant, Batticaloa, The Mango Tree, The Sandwich Factory,Tilko Restaurant Jaffna, Tsing Tao, Urban Kitchen and Essentials,Ginza and Pranzo of Waters Edge.

These discounts will significantly enhance the benefits already offered by Comdeals, a programme which provides value addition to Commercial Bank cardholders through discounts at a number of major retail outlets in the country and 0% easy payment schemes for Credit cardholders. Commercial Bank cardholders are also eligible to participate in global promotions carried out by Visa and MasterCard.

The only Sri Lankan Bank to be ranked among the world’s top 1000 Banks for three successive years, Commercial Bank operates a network of 235 computer-linked service points and the country’s single largest ATM network of 585 terminals.The Bank has been adjudged ‘Best Bank in Sri Lanka’ for 15 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker’, ‘Finance Asia’, ‘Euromoney’ and ‘Trade Finance’ magazines.

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Commercial Bank empowers Southern entrepreneurs

Posted by GAYAN PUNCHIHEWA
GAYAN PUNCHIHEWA
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on Friday, 07 February 2014
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Opens 12th Agriculture & Micro Finance Unit at Tissamaharama

 

The Commercial Bank of Ceylon, the largest lender to SMEs in the country in 2012, has opened its 12th Agriculture and Micro Finance Unit (AMFU) in Tissamaharama and conducted two programmes for entrepreneurs in Galle and Matara, in a further demonstration of support to business development in the south of Sri Lanka.

The programmes organized by the Bank in collaboration with the Central Bank of Sri Lanka (CBSL) on ‘Financial literacy and entrepreneurship development’ were attended by more than 200 entrepreneurs, the Bank said.

The Bank has conducted programmes for SMEs and micro entrepreneurs in areas such as Moneragala, Wellawaya, Badulla, Passara, Bandarawela, Welimada, Weligama, Koggala and Karapitiya in the recent past.

The Bank’s Agriculture and Micro Finance units located in Ratnapura, Narammala, Kandy, Anuradhapura, Kilinochchi, Bandarawela, Wellawaya, Hingurakgoda, Galewela, Atchuvely and Vavuniya help it to identify people who need financial assistance to start new businesses or expand existing ones, provide guidance on how to improve their businesses and help resolve difficulties.

“The Commercial Bank has been supporting the SMEs of the country over several decades. The Bank has recently stepped up these efforts further as the global focus at present is on developing the SME sector,” said Mr. Chandana Gunasekera, Assistant General Manager, Personal Banking/SME.

“Experts are of the view that the SME sector is the main driving force of an economy. In Sri Lanka the contribution of SMEs to the economy is close to 80% of the GDP,”Mr.Gunasekera said.

The Bank offers development loan schemes tailor made to the requirements of SMEs. These loan schemes are designed with attractive interest rates and flexible repayment periods. Experienced personnel of the Bank provide advisory services to borrowers in areas such as business development strategies, problem solving in business, and improving efficiency in business using new technologies.

Commercial Bank also collaborates with a large number of organisations which are specialised and engaged in offering services relating to business development, to which the Bank’s borrowers are referred for advice on technical issues relating to their businesses.

The only Sri Lankan Bank to be ranked among the world’s top 1000 Banks for three successive years, the Commercial Bank operates a network of 235 computer-linked service points and the country’s single largest ATM network of 585 terminals. The bank has been adjudged ‘Best Bank in Sri Lanka’ for 15 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker’, ‘Finance Asia’, ‘Euromoney’ and ‘Trade Finance’ magazines.

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Commercial Bank to broaden its offering in Investment Banking

Posted by GAYAN PUNCHIHEWA
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on Wednesday, 05 February 2014
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Ends 2013 as one of the largest investors in Sri Lanka’s listed debt market

 

The Commercial Bank of Ceylon has signalled its intentions to sharpen its focus on the sphere of investment banking, with the re-launch and renaming of its Corporate Finance Unit as ‘Commercial Bank Investment Banking’ to reflect the broader dimensions of the unit.

Commercial Bank Investment Banking will leverage the status of Commercial Bank as the largest private bank in the country, to offerpotential issuers of listed securities in equity and debt forms, a comprehensive geographical reach for distribution of informational and documentary material such as prospectuses and application forms to a large proportion of the potential investing public, Commercial Bank’s Assistant General Manager Corporate & Investment Banking Mr. Naveen Sooriyarachchi said.

“The extensive and broad customer relationships forged by the Bank over its long history facilitate successful marketing of equity and debt issues. These strengths enable Commercial Bank Investment Banking to synthesise investment and commercial banking activities of the Bank and function as managers and Bankers to the Issue of securities offerings,” he said.

One of the biggest strengths of Commercial Bank Investment Banking, Mr. Sooriyarachchiexplained, is the fact that it is supported by the immense investment capability of the Commercial Bank. “Besides structuring debt issues for our clients, we have the financial strength to invest substantially in such instruments, as is proven by our investments in debentures in the concluded financial year,” he pointed out.

Commercial Bank Investment Banking has a dedicated team of experienced officers, and is seeking to create some new innovations in the market in order to carve out a distinctive niche for itself, he disclosed. “As a start, we have transitioned from the Corporate Finance Unit to Commercial Bank Investment Banking, the name change reflecting and indicating the greater scope of what we are trying to achieve,” Mr.Sooriyarachchi added.

Commercial Bank Investment Banking is now fully geared to offer a wide spectrum of fund-based and fee-based services, includingfinancial instrument structures such as Securitisations, Project Loans, Syndicated Term Loansand Margin Trading, along with securities such as Custodian Services and Escrow Services, and structuring and management of equity and debt issues.

The largest private bank in Sri Lanka and the only Sri Lankan Bank to be listed three years consecutively in the world’s Top 1,000 Banks, Commercial Bank operates a network of 235 branches in Sri Lanka. The Bank has been adjudged the Best Bank in Sri Lanka by Global Finance magazine for a record 15 successive years and has also won multiple awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade Finance’ magazines.

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Commercial Bank rewards highest rankers in the island at Year 5 Scholarship Exam

Posted by GAYAN PUNCHIHEWA
GAYAN PUNCHIHEWA
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on Monday, 03 February 2014
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The Commercial Bank of Ceylon rewarded nine students who achieved the highest ranks in the island at the year 5 scholarship examination held last year with attractive cash prizes at a ceremony held recently.

Nine students comprising of the student placed first in the island, three who achieved the second highest marks and five who took third place island-wide were among those recognised for academic excellence by Sri Lanka’s largest private bank at this event, conducted by ‘Arunalu,’ the Bank’s signature Children’s Savings Account.

These cash rewards were in addition to cash prizes amounting to more than Rs 3.7 million presented by the Bank to 575 high achievers at the Year 5 scholarship examinations in 2013.

Commercial Bank rewarded these students by opening new Arunalu Minors’ Savings Accounts with deposits ranging from Rs 50,000, while existing Arunalu Minors’ Savings Account holders among them received scholarships that pay attractive monthly installments into their accounts until they reach 18 years of age.

Under the rewards scheme, if the child placed 1st in the Island at the scholarship exam is an Arunalu account holder, he or she can receive up to Rs. 170,000 in monthly installments of Rs. 2,000 each. Students placed second and third in the Island can receive up to Rs. 127,000 and Rs. 85,000 respectively in monthly installments of Rs. 1,500 and Rs. 1000, if they are Arunalu account holders.

In addition, the Arunalu Minors’ account holders placed 1st, 2nd and 3rd in their respective schools at the scholarship exam receive cash prizes of Rs 10,000, Rs 7,500 and Rs 5,000 each, while the students placed first in the district are given the opportunity to double their Arunalu account balances, up to a maximum of Rs 50,000.

“The new rewards scheme is a further affirmation of the Bank’s commitment to encourage and reward students for academic performance and while inculcating the savings habit in them,” Commercial Bank’s Deputy General Manager Marketing Mr. Hasrath Munasinghe said.

At the ceremony to reward the top nine achievers at last year’s Year 5 scholarship examination, Sandaru Thathsara Balahewa of Mahinda Vidyalaya Galle was honoured for being ranked 1st place in island. Kavindya Gimhani Malawiarachchi of Godagama Subharathie Mahamathya Maha Vidyalaya Homagama,
Heshan Chanuka Dharmaratne of Karagasthalawa Vidyalaya Ratnapura and Jinali Vidulanka Munasinghe of Bandaranayake Kanishta Vidyalaya Hettimulla, were rewarded for achieving the second highest marks. Students Thamindu Swarna De Silva of Ambalangoda Dharmasoka Vidyalaya, Shenuka Dunanjana Ariyaprema of Theraputtabhaya Primary School Hambantota, Neransi Roneth Gamage of Vidyalankara Primary School Ratnapura, Isuru Kelum Kumara of Essadduma Subharathie Kanishta Vidyalaya Kuliyapitiya and Sajani Sadisna Menike Wijesingha of Vishaka Girls College Kuliyapitiya, received cash prizes for being ranked 3rd in the island.

Launched in 1991, Arunalu has been Commercial Bank’s key savings account which caters to children of the school going age. In 1998 Commercial Bank was the first bank to introduce the year 5 Scholarship examination cash prize scheme with the intention of strengthening its enduring commitment to excellence in education.

The only Sri Lankan Bank to be ranked among the world’s top 1000 Banks for three successive years, Commercial Bank operates a network of 235 computer-linked service points and the country’s single largest ATM network of 585 terminals. The bank has been adjudged ‘Best Bank in Sri Lanka’ for 15 consecutive years by ‘Global Finance’ Magazine and has won multiple awards as the country’s best bank from ‘The Banker’, ‘Finance Asia’, ‘Euromoney’ and ‘Trade Finance’ magazines.

Photo Caption:

Students who received the highest ranks in the island at the 2013 year 5 scholarship examination with (from left) Commercial Bank’s Assistant General Manager SME/ Personal Banking I Mr. Chandana Gunasekere, Deputy General Manager Marketing Mr. Hasrath Munasinghe, Assistant General Manager Personal Banking II Mrs. Sandra Walgama, Assistant General Manager Personal Banking III Mr. Selva Rajasooriyar and Senior Manager Marketing Mrs. Iresha Degamboda.

 

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