Combank Chairman graces Sri Lankan chartered accountants’ event in Kuwait
Commercial Bank of Ceylon Chairman Dharma Dheerasinghe was the chief guest and keynote speaker at ‘New Horizons’ – a special programme organised by the Kuwait Chapter of Sri Lankan Chartered Accountants, to promote Sri Lanka as a land of opportunities.
This honour was extended to the bank’s Chairman as Kuwait takes pride of place as Commercial Bank’s top-most market for remittances.
The event hosted by the Kuwait Chapter, consisting of Sri Lankan chartered accountants working in several top organisations in Kuwait, saw the participation of over 120 guests including chartered accountants and other highprofile Sri Lankan professionals such as doctors, engineers, quantity surveyors and bankers, in addition to business partners of Commercial Bank.
Commercial Bank of Ceylon began its remittance operations in Kuwait in 2003 with the launch of the online Remittance Service platform ‘Combank e-exchange’, a real-time money transfer service, which was a pioneering effort by a Sri Lankan bank.
The bank has also placed Business Promotion Officers in Kuwait since 2003 to serve the large Sri Lankan work force in this market. Additionally, the bank was instrumental in launching a remittance app in December 2019 branded ‘Remitplus’, which enables those who use the its remittance service to conveniently access remittance-related information and services. The only Sri Lankan bank to be ranked among the world’s top 1000 banks for nine years consecutively, Commercial Bank operates a network of 268 branches and 865 ATMS in Sri Lanka. The bank has won over 50 international and local awards in 2019.
Commercial Bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay Pyitaw and the Maldives, where the bank has a fully-fledged Tier I Bank with a majority stake.