ComBank joins guarantee scheme for pawning

The Commercial Bank of Ceylon PLC entered into an agreement with the Central Bank to participate in the new credit guarantee scheme for pawning advances, which was introduced recently. The new credit guarantee scheme enables licensed commercial banks and licensed specialised banks engaged in pawning activities to provide an enhanced level of credit to customers.

Here the exchange of the agreement between Commercial Bank of Ceylon and the Central Bank by Commercial Bank’s Chief Operating Officer Jegan Durairatnam (fifth from right) and Central Bank Director, Regional Development Department, Srinath Abeysinghe. Senior officials of the two institutions look on.