ComBank rewards scholarship winners
 

Arunalu scholarship winner R. M. Sachika Randika receives his cash prize from M. A. Asver, Manager - Commercial Bank Kaduwela Branch.

ComBank pays Rs. 2.9 million to Year five scholarship winners and it has to date rewarded 338 students holding 'Arunalu Minors' Accounts with cash prizes for achieving the 1st, 2nd and 3rd best results in their schools at the Year five scholarship examination of 2008.

The Bank said it had paid Rs. 10,000 to students placed first, Rs 7,500 to those placed second and Rs 5,000 to students placed third in each school. In addition, five students, who obtained the highest marks in their Districts at this examination, were able to double their account balances, up to a maximum of Rs. 50,000, under a feature introduced to the 'Arunalu' Scholarships Scheme in 2007.

The total value of the Cash Awards paid out in this manner to date in respect of the 2008 Year five scholarship examination was Rs.2.93 million, the Bank said.

Established in 1969, Commercial Bank is Sri Lanka's leading bank, with dominant positions in consumer banking, treasury and securities markets. The Bank has been rated the 'Best Bank in Sri Lanka' for 11 consecutive years by US based 'Global Finance' Magazine. In July 2007 the Bank was named the 'Best Bank' in Sri Lanka by another prestigious international financial magazine 'Euromoney'.