Commercial Bank of Ceylon Limited
Commercial Bank of Ceylon (CBC) 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.CBC 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. Products:
1. Loan Products: CBC provides 3 types of loan schemes for their clients: - “Probriddhi”, “Auto Loan” and “TradeCom”. Probriddhi is a medium term loan facility for small and medium enterprise borrowers or self employed professionals to meet their capital requirements. Auto Loan of CBC paves the way to acquire the dream car of their clients in the easiest way. TradeCom Provide assistance to SME customers for meeting their trade finance requirements at the most convenient way. Features: 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. CBC provides term loan with a maximum payback time of 5 years. Its processing is easy and simple. Minimum loan amount is BDT. 2 lacs and maximum is BDT. 2 crore. They charge interest rate of 14%-15% for all of their consumer and SME loans. 2. Deposit Products: CBC has several depository schemes for its customers by which people can get a higher interest on their savings. It has a number of deposit products like “Money Market Account”( Individuals, Proprietorship and Partnership firms, Limited liability Companies, Associations, Clubs, NGO’s etc. can open MMA to get high return on short-term investment), “Dream Planner Savings”( DPS...
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