The Bank said it will also deploy banking officers in Saudi
Arabia to assist its growing Sri Lankan customer base in the country with their
diverse financial needs.
The money transfer service can be obtained via the Bank’s
representatives in Saudi Arabia, the Al Rajhi Bank, Arab National Bank,
National Commercial Bank and Al Bilad Bank. In addition to sending money to Sri
Lanka, customers can also open local and foreign currency accounts and enjoy a
host of other services offered by the bank rated Sri Lanka’s best.
Commercial Bank’s Deputy General Manager, Operations, Sanath
Bandaranayake said: “Our money transfer service became very popular among Sri
Lankans employed in foreign countries as soon as it was introduced a few years
ago. The positive response we received from our service expansion in the Middle
East led us to widen access to the service in Saudi Arabia as well.”
“This will enhance our support to workers in Saudi Arabia
who remit substantial revenue to our country,” he added.
Commercial Bank’s money transfer service, known as
“e-Exchange” locally and in most of the Middle Eastern countries, is a
sophisticated yet low cost real time online money transfer facility which is
available to remitters through a network of agents in over 50 countries.
Those receiving money through this facility can collect the
proceeds from any of Commercial Bank’s 185 branches and 385 ATMs. More than 40
of these branches are open on public and mercantile holidays. This facility
allows users to transfer money to a person, to a Commercial Bank account and
any other Bank account.
The Commercial Bank has been adjudged Sri Lanka’s “Bank of
the Year” seven times by The Banker, “Best Bank in Sri Lanka” for 12
consecutive years by Global Finance magazine and “The Best Bank in Sri Lanka”
by FinanceAsia twice. It has also been rated “Best Local Trade Bank” in Sri
Lanka by the UK-based Trade Finance magazine.
