ComBank to provide loans to Bank of China Colombo branch staff | Sunday Observer

ComBank to provide loans to Bank of China Colombo branch staff

Commercial Bank Chief Operating Officer Sanath Manatunge (sixth from right) and Head of General Administration and Banking Department of Bank of China Limited – Colombo Branch,  Xin Tang, exchange the MoU. Representatives of the corporate and senior management of the two banks look on.
Commercial Bank Chief Operating Officer Sanath Manatunge (sixth from right) and Head of General Administration and Banking Department of Bank of China Limited – Colombo Branch, Xin Tang, exchange the MoU. Representatives of the corporate and senior management of the two banks look on.

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

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