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| Sunday, 3 April 2005 |
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COMBank strengthens presence in Bangladesh The Commercial Bank of Ceylon has extended its reach in Bangladesh with the opening of a branch at the Bangladesh Export Processing Zone Authority (BEPZA) complex in Dhanmondi, the main commercial hub of Dhaka. The Dhanmondi branch will be linked to the rest of the Commercial Bank network of branches and booths in Motijheel, Chittagong, Gulshan and Sonargaon. It will also be equipped with ATMs enabling customers to operate their accounts from anywhere irrespective of where their accounts are held. Managing Director of Commercial Bank Amitha Gooneratne said that opening a branch in Dhanmondi was another step in the overall plan of Commercial Bank to establish a strong presence in Bangladesh. "When we acquired the operations of Credit Agricole Indosuez in 2003 we said that it was only a beginning. Since then we have upgraded the facilities for customers as well as the staff. We introduced the latest banking technology relying entirely on Sri Lankan and Bangladeshi expertise," he said. Sri Lanka's High Commissioner in Bangladesh Gamini Munasinghe said that he was extremely happy to see the rapid progress made by Commercial Bank subsequent to their entry to Bangladesh through the acquisition of the French Bank Credit Agricole Indosuez. Executive Chairman BEPZA Mohammed Zakir Hossian said that BEPZA welcomed the opportunity of working together with the Commercial Bank to serve the investors and the people of Dhanmondi. He also said that he was confident that investors would find the services offered by Commercial Bank extremely useful. |
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