• Extends moratoriums on 81,387 loans with a total capital outstanding of Rs 443 billion during first and second waves
“We began the year on a celebratory note, with an ambitious portfolio of community initiatives to commemorate our 100-year history, but it soon became evident that we would have to play a far more urgent and vital role to underwrite the survival of people and businesses impacted by the effects of the pandemic,” Commercial Bank Managing Director S. Renganathan said in a press statement issued yesterday.
“We are proud to end the year as the leading provider of COVID-19 linked concessionary loans among the private banks, and the process continues,” he said.
Office and one of the residential towers to be handed over within months
Cinnamon Life – Colombo’s most iconic upcoming mixed development project marked the dawn of the New Year with a message of optimism, lighting up its residential tower (The Suites at Cinnamon Life) with ‘Hope 2021’. This is the first development in Sri Lanka to light up a building in a unique way to dawn the New Year, and it was visible from most parts of the city.
According to the John Keells Properties team, construction has progressed at a steady pace despite numerous obstacles over the past year due to the pandemic. Cinnamon Life is now visibly nearing completion with the office and one of the residential towers slated to be handed over within the next few months.
Committing towards enhancing patient safety and comfort during the COVID-19 pandemic, Nawaloka Hospitals, recently launched the country’s very first, state-of-the-art ‘drive-thru express lab’ in Colombo and Negombo. The latest addition to Nawaloka’s well-regarded chain of medical Laboratories, the express lab is fully-geared to ensure safety, security, accuracy and convenience in all its transactions. This first-of-its-kind […]
ComBank ends centenary year with notable achievements in economic contribution and pandemic relief
January, 12, 2021
Extends moratoriums on 81,387 loans with a total capital outstanding of Rs 443 billion during first and second waves
Launches omni-channel Digital Banking platform and WhatsApp Banking facility
Completes series of community initiatives to celebrate 100-year history
The Commercial Bank of Ceylon provided new concessionary lending of nearly Rs 30 billion in 2020, its centenary year, to help Sri Lankans weather the impacts of the COVID-19 pandemic and ended the year as the most generous lender among the country’s private banks.
This high volume of concessionary loans was in addition to the relief the Bank granted to customers in the form of debt, capital or interest moratoriums on a staggering 81,387 existing loans with a capital outstanding of Rs 443 billion as well as repayment of outstanding credit card balances, the Bank disclosed this week.
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