Commercial Bank of Ceylon Limited
Hadi Mansion, 2 Dilkusha C/A,
Dhaka- 1000, Bangladesh
Commercial Bank of Ceylon entered the banking business in Bangladesh in the year 2003. In the mean time it has proven to be a rising foreign bank here. Since inception its economic growth both in corporate and retail departments are quite big. Till now Commercial Bank of Ceylon has developed a network of nine branches, two offshore units, six SME centers and four offsite ATMs. One card center takes care of all card related activities of the bank. Commercial Bank uttered its vision to be a bank of excellence in service and commitment. At the same time its mission was declared to impose real value to customers, employees, shareholders and the nation.
Commercial Bank presents a good number of interesting and innovative products for its clients. These are in broad sense as follows:
- Generic Products
- Money market account
- Dream Planner Savings Account
- Shamriddhi Account
- Bonus Savings Account
- High 5 FD Account
- DotCom Account
- SME Loan
- Auto Loan
Generic products of Commercial Bank are Savings Account, Current Account, Short Term Deposit Account (STD) and Time (Fixed) Deposit Account.
Commercial Bank's Short term deposit account is really advantageous in many ways. You can access the account instantly without incurring any penalty. Interest is calculated on daily balance. The rate is also competitive. Still better rate is offered for a deposit of Tk.100 million and above.
Commercial Bank's Time deposit account is for depositing an amount for a fixed period. The period ranges from 3 months to five years. Interest rate is much better.
Money Market Account is another brilliant offer from CBC for investing your idle fund any time you like and withdraw any time you need. The interest is calculated on daily balance and credited every month.
Commercial Bank's Dream Planner Savings Account is a monthly saving program for people of fixed income. Deposit an amount within your capability every month and at the end of the tenure you get a substantial figure including principal and interest.
Shamriddhi is an innovative product of Commercial Bank. You deposit an amount of Tk. 100,000 at a time and your savings get a powerful boost in interest rate. So you would be encouraged to bring together all your scattered savings into it.
Commercial Bank's Bonus Savings Account is a fantastic combination of savings and fixed deposit schemes. You’ll enjoy advantages of both the schemes. In addition you may get a bonus also.
High 5 FD is a fixed deposit for five years. It offers you a good rate of interest. You may withdraw money at any time with some reduction in return rate.
CBC's Dotcom Account is designed for your teenager children. Such an account makes a teenager acquainted with banking systems; he or she becomes more responsible and confident. Well, this account provides a fancy ATM card for the account holder.
Commercial Bank presents a loan scheme named Probriddhi, for small and medium enterprises. In fact CBC has very correctly identified the need of the country. SME sector is one of the thrust sectors of Bangladesh in employment generation and GDP growth. It’s a term loan with a maximum payback time of 5 years. Its processing is easy and simple. Highest loan amount is Tk. 2.0 crore.
Your dream of a new car is not far away to become true. CBC provides you a loan of Tk.2, 000000 at quite reasonable terms and conditions. You may try it right now.
Special services rendered by Commercial Bank are presented in the following:
- ATM Services
- Internet Banking
- Holiday Banking
- Student Remittance
- Trade Finance
- Automated Deposit Machine
ATM/CBC Shopping card is a nice instrument to avoid carrying cash. You may shop and dine in all VISA outlets with this card. You may draw cash from 1900+ ATM booths having VISA acceptance at a nominal fee.
Trade Finance schemes are well designed to enhance import and export businesses of the country. Commercial Bank is able to handle your export and import related banking through its well distributed correspondent network around the globe.
CBC has already introduced internet banking facilities for its customers. You may have your balance and account history; submit check book request, L/C opening request and many other banking needs are possible to fulfill online.
Commercial Bank provides Offshore Banking opportunity for EPZ entrepreneurs of the country. This is international banking facility in major currencies of the world with attractive interest rate for you. Being free from domestic tax regulations this banking presents many other attractive features for the clients.
Commercial Bank of Ceylon, Bangladesh has achieved quite a number of distinguished rewards and recognitions from many competent authorities through its services. So it can be said that CBC is doing well in commercial banking.