The Commercial Bank of Ceylon’s continuing effort to stimulate remittances from Sri Lankans living and working overseas recently focussed on Singapore, which has a significant Sri Lankan migrant population.The Bank engaged with Sri Lankan expatriates living in the city state at a two-day programme conducted in collaboration with the Sri Lankan High Commission in Singapore.
Attendees were made aware of the formal remittance channels available to them and the personal and national benefits of transacting through these, and also received special remittance rates and gifts.The Bank said it conducted this programme to support Sri Lankans residing in Singapore by presenting special remittance offers and information on banking products and services, including ComBank Digital. The Bank also promoted remittance services such as Ria Money Transfer, one of the Bank’s main remittance partners, and Lucy, the exclusive mobile banking app for women in Singapore.
Speaking at the event, Sri Lanka’s High Commissioner in Singapore Shashikala Premawardena said this initiative is just a beginning and that more could be done for Sri Lankans in Singapore whose hard earned earnings contribute to Sri Lanka’s economy. She thanked Commercial Bank for its quick and enthusiastic response to the invitation to conduct an event in Singapore and stressed that “It is our duty to help our citizens who are working hard in Singapore.”
Bank’s Head of Retail Products and Digital Channels & Remittances Mr Pradeep Banduwansa said: “As one of the most trusted banks in Sri Lanka, Commercial Bank has to play a lead role in encouraging Sri Lankans to step up their remittances to Sri Lanka. Events such as these will boost the stream of foreign remittances into the country, in a manner that is beneficial to the customers as well as the country.”
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