Combank Online Banking users can win Rs 1.8 million in 6 months
Cash prizes totaling Rs 1.8 million await Commercial Bank’s Online Banking customers who use the platform for personal banking transactions, under an exciting promotional campaign just unveiled by the Bank to stimulate wider usage.
The Bank said it will select three winners each month from July to December 2018 for cash prizes of Rs 100,000 each under this promotion designed to benefit existing users, new customers who enroll for Online Banking and inactive Online Banking customers.
To qualify for each monthly draw, existing users must perform five Online Banking transactions including three bill payments within a month; newly-enrolled customers
who activate the facility must perform three transactions including two bill payments; and inactive users who reactivate the facility are also required to perform three trans-
actions including two bill payments.
One winner is to be chosen from each of these three categories each month, making a total of 18 winners for 2018, the Bank said.
Commercial Bank’s Online Banking facility supports bill payments to more than 68 entities in nine categories such as Telephone, Electricity, Water, Credit Cards, Insurance, Pay TV, Schools and Rates. It also offers customers the ability to check balances of their current, savings, investment, loan, and credit card accounts, and to transfer funds between own accounts and to registered third parties who have Commercial Bank accounts, on a real-time basis around the clock.
With the increased awareness about Global Warming and reducing the Carbon Footprint the government of Sri Lanka has implemented broad guidelines and directions for a sustainable industrial development and promotion of local industries.
Accepting the invitation of the Ministry of Industry and Commerce, Seylan Bank joined in as a financial facilitator to support this initiative by enabling SME’s to reach new heights in creating a sustainable environment. The E Friends Loan Scheme is a revolving fund that will be issued to eligible industries as a loan scheme to find out solutions to the environment problems such as industrial pollutions caused by their manufacturing, waste minimization, resource recovery and savings, pollution control and abatement measures and associated design measures for environmental improvement initiatives.
Commenting on the partnership, K. D. W. Rohana, Deputy General Manager Branch Credit at Seylan Bank said “We are proud to come on board as a financial facilitator for a project that is of national priority and heralds a new era for Small and Medium Enterprises.
The Maximum Loan amount released per application would be LKR. 30,000,000/- with a repayment period of 120 months (10 Years) including a grace period of 24 months (2 years). The interest rate on the E- Friends II Loan Scheme will be 6.5% p. a. and a customer contribution of 25% of the total project cost.
Any manufacturing or industrial enterprise, whose investment in fixed assets excluding land and building (owned or leased) at original book value should not exceed Rs. 250 mn on completion of the project.
Applications could be downloaded from the Ministry website www.industry.gov.lk, obtained from Seylan Bank’s Branch Credit – Refinance division by calling 011 2 456 740 or from the Project Management Unit of the Ministry of Industry and Commerce at 73/1, Galle Road, Colombo-03.