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Commercial Bank marks 15 years of Remittance Service in Kuwait

Mar 17, 2018 9:16:39 PM - thesundayleader.lk

The Commercial Bank of Ceylon recently hosted the management and employees of Exchange Houses and the Bank’s premier customers in Kuwait at an event commemorating 15 years of remittance services to Sri Lanka from the Arabian Gulf State.

The event took place at the Radisson Blu hotel Kuwait, with the Channa Upuli Dance troupe and Sri Lankan pop, R&B and jazz singer Umaria entertaining guests.

Kandeepan Bala, the Sri Lankan Ambassador to Kuwait who was chief guest, commended the role played by Commercial Bank to help Sri Lankans working in Kuwait.

Commercial Bank’s Managing Director Jegan Durairatnam and a team of officers including Head of Remittances Pradeep Banduwansa represented the Bank at the event.

The Commercial Bank of Ceylon began its remittance operations in Kuwait in March 2003. Kuwait is a key market for worker remittances with around 100,000 Sri Lankans employed in the state.

Commercial Bank works with 16 business partners to serve this customer segment, and holds a substantial market share for Sri Lankan remittances from Kuwait.

The Bank has also stationed two Business Promotions Officers in Kuwait to assist Sri Lankans living and working there with their banking needs.