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.