Commercial Bank conducts financial literacy programs in north

Monday, 11 August 2014 00:00 - - {{hitsCtrl.values.hits}}

The Commercial Bank of Ceylon recently extended its support to another 200 entrepreneurs of the Northern Province by providing them with valuable information on developing their businesses, at three programs. Two programs in Jaffna and one in Vavuniya were conducted in collaboration with the Central Bank of Sri Lanka (CBSL), and covered the topic ‘Entrepreneurship Development and Financial Literacy.’

Eighty entrepreneurs who were nominated by Commercial Bank’s main branch in Jaffna participated in the first program while 75 entrepreneurs nominated by the Kilinochchi, Atchuvely, Chavakachcheri, Nelliady, Stanley Road, Manipay, Kodikamam, Chunnakam, Thirunelvelly, Mannar and Velanai branches of the Bank participated in the second program. Forty-five entrepreneurs nominated by the bank’s Vavuniya branch attended the program in Vavuniya. Consultant to the Central Bank of Sri Lanka Sri Pathmanathan was the key resource person for these programs at which Commercial Bank’s Regional Manager – Northern Region, Senior Manager – North Central Region, respective branch managers and officers of the Development Credit Department represented the Bank.

The Commercial Bank has conducted similar programs for SMEs and micro entrepreneurs in areas such as Narammala, Galle, Monaragala, Wellawaya, Badulla, Passara, Bandarawela, Welimada, Weligama, Koggala, Karapitiya, Matara, Batticaloa and Ampara in the recent past. The bank’s Agriculture and Micro Finance units are located in Ratnapura, Narammala, Kandy, Anuradhapura, Kilinochchi, Bandarawela, Wellawaya, Hingurakgoda, Galewela, Atchuvely, Vavuniya and Tissamaharama. They identify and support people who need financial assistance to start new businesses or to expand existing ones, provide guidance on how to improve their businesses and help resolve difficulties.