Commercial Bank opens two branches at Kodikamam and Mulliyawalai

The Commercial Bank of Ceylon has opened two more branches in northern Sri Lanka and donated two IT laboratories to institutions in the region. The bank formally opened its 15th branch in the northern region at Kodikamam on 22 November and opened another branch at Mulliyawalai in Mullaitivu, the 16th in the region, on the following day.

On 22 November, Commercial Bank also commissioned the 66th and 67th IT labs donated by the bank at the Dharmarathana Vidyathana Pirivena in Vavuniya and at the Kilinochchi Central College.

The bank’s Chairman Dinesh Weerakkody, Managing Director/CEO Ravi Dias and representatives of senior management participated in the formalities in Kilinochchi, demonstrating the importance accorded by the bank to the event and the region. These latest branch openings increase the bank’s island-wide presence to 226 branches and service points, and its ATM network to 545 terminals.

Commercial Bank’s new Kodikamam branch, located at Point Pedro Road, Kodikamam, is computer-linked to the bank’s branches and service points country-wide, is equipped with one ATM machine, and offers the full range of services available at other branches of the bank.

The new Mulliyawalai branch, at Main Street, Mulliyawalai, is equipped with two ATM machines and is computer linked to the Commercial Bank’s island-wide network, offering real time access to accounts maintained at any of the bank’s branches in Sri Lanka.

Commercial Bank’s national-scale program to create an IT-enabled environment for students, particularly in rural areas, by commissioning fully-equipped computer labs in schools and for special needs groups as well as the bank’s annual scholarships for undergraduates was recently adjudged the best CSR project in the education and training category at the 2012 Best Corporate Citizen Awards presented by the Ceylon Chamber of Commerce.

The largest private bank in Sri Lanka, Commercial Bank is the only Sri Lankan bank to be listed two years consecutively in the world’s Top 1,000 Banks. The bank has been adjudged ‘Best Bank in Sri Lanka’ for 14 consecutive years by the ‘Global Finance’ Magazine, and has won multiple awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade Finance’ magazines.