Conducts latest seminar in Thambuththegama :
Commercial Bank joins Central Bank to promote financial literacy
A seminar in progress.
The Commercial Bank of Ceylon has conducted a seminar in
Thambuththegama for entrepreneurs who operate in the SME and Micro
Enterprise sectors under a series of such events organised by the Bank
in collaboration with the Central Bank.
Officials from the Central Bank Regional Office - North Central
Region, representatives from Commercial Bank and around 60 entrepreneurs
were present at this event.
Presentations were made by representatives from the Development
Credit Department of Commercial Bank and the Central Bank on aspects
pertaining to banking services, savings and debt management, at this
In addition to the presentations, participants were also educated on
these subjects through group discussions and individual activities.
The inaugural seminar under this programme took place at Wennappuwa.
Officials from the Central Bank including M.S.K. Dharmawardena -
Additional Director - Regional Development Department and Gamini
Sirinandana - Training Specialist - Poverty Alleviation Micro Finance
Project (PAMP), Regional Development Department, representatives from
Commercial Bank and entrepreneurs, including a number of participants
from areas such as Nattandiya, Kochchcikade and Dankotuwa were present
at the event.
Intended to enhance financial literacy in many parts of the country,
similar seminars have also been conducted in Jaffna, Kilinochchi and
Vavuniya by the two organisations and have benefited more than 300
entrepreneurs to date, the Bank said.
Arrangements have been made to conduct further programmes for the
benefit of entrepreneurs operating in other parts of the country during
Commercial bank is one the first private sector banks in the country
to join forces with Central Bank in an initiative to enhance financial
literacy among Small and Medium Scale Enterprises (SMEs).
"Through this union between Commercial Bank, the largest private
sector bank in the country, and the Central Bank, the level of financial
literacy among SMEs and Micro Enterprises, can be raised significantly,
facilitating their operations," S. Renganathan, Deputy General Manager -
Personal Banking of Commercial Bank said. "These sectors have been
identified for their potential to contribute significantly to the
economy of the country. This programme is therefore most timely."
"This series of seminars further extends Commercial Bank's support to
the government's efforts to establish the foundation to fast track
economic growth," Renganathan added.
Commercial Bank is the largest private bank in Sri Lanka, and the
only Sri Lankan Bank listed in the world's Top 1,000 Banks. It operates
a network of 215 service points in Sri Lanka and the country's single
largest network of 513 ATMs. The Bank has been adjudged 'Best Bank in
Sri Lanka' for 14 consecutive years by 'Global Finance' Magazine and has
won multiple awards as the country's best bank from 'The Banker,' 'FinanceAsia,'
'Euromoney' and 'Trade Finance' magazines.