The Colombo Branch of the Bank of China Limited has signed a Memorandum of Understanding with the Commercial Bank of Ceylon, paving the way for Commercial Bank to provide loan facilities on special terms to its staff. 

The MoU allows members of the staff of the Bank of China Limited – Colombo Branch to obtain new loans from Commercial Bank as well as to transfer their existing loans to the Bank. Commercial Bank will also offer them special terms on leasing facilities. 

In the picture, Commercial Bank Chief Operating Officer Mr Sanath Manatunge (6th from right) and Mr Xin Tang, Head of General Administration and Banking Department of Bank of China Limited – Colombo Branch, exchange the MOU in the presence of representatives of the corporate and senior management of the two banks.