ComBank to provide loan facilities to Bank of China Colombo Branch staff

Commercial Bank COO Sanath Manatunge (centre right) and Bank of China – Colombo Branch General Administration and Banking Department Head Xin Tang exchange the MOU in the presence of representatives of the corporate and senior management of the two banks

The Colombo Branch of Bank of China Ltd. has signed a Memorandum of Understanding (MoU) with the Commercial Bank of Ceylon, paving the way for Commercial Bank to provide loan facilities on special terms to its staff.

The MoU allows members of the staff of the Bank of China – Colombo Branch to obtain new loans from Commercial Bank as well as to transfer their existing loans to the bank. Commercial Bank will also offer them special terms on leasing facilities.