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.