ComBank presents scholarships to 25 more undergrads

Commercial Bank presented scholarships to 25 more undergrads bringing the total to 200 undergraduates.

Twenty five Sri Lankan undergraduates have received assistance and motivation to pursue their future aspirations from the Commercial Bank of Ceylon, as part the Bank's CSR Trust's Sarasaviyata Nawa Saviyak community initiative to support worthy undergraduates.

The 25 scholarship recipients with Minister S. B. Dissanayake and senior management of Commercial Bank. Minister S. B. Dissanayake presents a scholarship and a laptop to an undergraduate, Commercial Bank Chairman, Dinesh Weerakkody and Chairman of the Bank’s CSR Trust Lakshman Hullugalle were also present.

The latest scholarship presentation, the fifth such program by the CSR Trust of the Bank, saw the disbursement of over Rs 2 million in scholarship grants.

Expanding its commitment this year, the Bank also presented laptops valued at Rs 1.8 million to each of the 25 undergraduates.

Of the 25 undergraduates chosen for scholarships this year, 10 were from the Faculty of Medicine of the University of Peradeniya, nine were from the Faculty of Management and Commerce of the University of Sri Jayewardenepura and six were from the Faculty of Management and Finance of the University of Colombo. These undergraduates were mostly from outstation areas.

The undergraduates studying medicine will each receive Rs 25,000 per year over the five-year period of their degree while their counterparts studying Management and Commerce and Management and Finance will receive Rs 25,000 per year over a four-year period.

Minister of Higher Education S. B. Dissanayake was the chief guest at the presentation ceremony. The Minister said the commitment of the Commercial Bank to higher education through this scholarships scheme was appreciated by the Government.

He emphasised the importance of IT education for undergraduates to bring Sri Lankan universities within the top 1000 universities in the world.

Commercial Bank Chairman Dinesh Weerakkody said that social responsibility is as important a factor in the sustainability of business as financial performance.

The Commercial Bank recognises its responsibility to lend its strength to undergraduates to help them face the challenges of becoming skilled members of the future workforce of the country, he said.