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The Commercial Bank of Ceylon recently teamed up with Diesel & Motor Engineering PLC (DIMO) to offer attractive leasing options for TATA Commercial vehicles.

Under the agreement, DIMO will provide substantial discounts to Commercial Bank customers to lease TATA vehicles and the Bank will provide competitive rental for leasing facilities. The vehicles covered under this special scheme include TATA trucks and buses.

A special insurance cover through Commercial Insurance Brokers, an associate of Commercial Bank has also been introduced for customers who lease vehicles through the Bank. This cover requires a low insurance premium and policyholders will be eligible for accident cover worth Rs 1.5 million each.

Ranked second among all corporate entities in Sri Lanka in the latest Business Today rankings, the Commercial Bank of Ceylon PLC owns a network of 176 branches and supermarket banking counters and operates an automated teller network of 366 ATMs in Sri Lanka, the largest on-line cash dispensing system in the country.

A company with more than 70 years of experience in the automobile and engineering industry, DIMO is among the top corporate brands in Sri Lanka and represents prestigious brands such as Mercedes-Benz, Siemens, Bosch, Jeep, Chrysler, TATA, MTU, Komatsu, Michelin, Osram, MTU, BF Goodrich, MRF and Mahindra.

The company operates branches in Kandy, Matara, Kurunegala, Dambulla, Vavuniya, Yakkala, Ambalangoda, Jaffna, Puttalam, Embilipitiya, Trincomalee, Ratnapura and Anuradhapura.

Picture shows Deputy CEO of DIMO Gahanath Pandithage (3^rd from left) and Commercial Bank Chief Operating Officer Ravi Dias exchanging the Memorandum of Understanding in the presence of Commercial Bank Deputy General Manager Personal Banking Nimal Luxman, Assistant General Manager Corporate Banking Mrs. Marion Abeywardene, Head of Personal Loans and Leasing Nugent Kapuwatte, Assistant General Manager Personal Banking Vimal Fernando and the General Manager of DIMO’s TATA Commercial Vehicle Division Vijitha Bandara and Sales Manager-TATA Commercial Sales Division Gihan Fernando.

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The Commercial Bank of Ceylon has opened a Customer Service Point at Nawam Mawatha, Colombo 2, to serve the many corporate sector entities with offices at what is sometimes referred to as ‘Sri Lanka’s Wall Street.’

Located on the ground floor of the IBM II Building at 46/4, Nawam Mawatha, the new outlet stays open from 9.00 am to 3 pm on week days. It is equipped with an Automated Teller Machine that is linked the Bank’s network of 366 ATMs and 177 branches.

The new CSP offers unlimited withdrawals and deposits, issue of Pay Orders, 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 new Customer Service Point is a significant enhancement of convenience to the offices at Navam Mawatha, many of which bank with us,” a spokesperson said.

The Colombo 2 area is also served by Commercial Bank’s Union Place branch, located at the Slave Island intersection, the branch at Ramanayake Mawatha, at the Sri Lanka Insurance Corporation and by the Minicom at the Cargills Food City, Staple Street.

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.

Here, the Chief Guest of the inauguration ceremony Commercial Bank Deputy General Manager Corporate Banking Gamini Dharmasiri (3^rd from left) with the Manager of the new branch Ms Melanie Fernando and staff.

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The Commercial Bank of Ceylon has opened a branch in Mannar, in a spacious building with ample parking facilities at No, 25, Main Street Mannar.

The new branch, the Bank’s 176^th 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 364 ATMs of Commercial Bank and over one million ATMs belonging to the Cirrus (Mastercard network) and Visa networks worldwide.

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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 27^th 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.

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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.

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