Commercial Bank of Ceylon

Better Essays
Topics: Bank, Banking, Cheque, Bond, Loan
Commercial Bank of Ceylon Limited

Introduction:
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

You May Also Find These Documents Helpful

  • Good Essays

    Commercial Bank

    • 4672 Words
    • 19 Pages

    Commercial Bank of Ceylon PLC Introduction Commercial Bank of Ceylon is identified as the benchmark private sector bank in Sri Lanka. The Bank had the largest market capitalization among all listed banking institutions in Sri Lanka and was ranked at No. 05 among all listed entities as at end 2012. Commercial Bank is only the Sri Lankan bank represented in the top 1000 Banks in the world for two consecutive years of 2011 and 2012. The bank has a subsidiary in Bangladesh. The Bank’s Head Office…

    • 4672 Words
    • 19 Pages
    Good Essays
  • Good Essays

    For the following change management assignment, Bank of Ceylon Nugegoda branch has been selected to analyses its change efforts done in resent three years. Bank of Ceylon is a major commercial bank in Sri Lanka which is government owned. The bank’s head office is located in an iconic cylindrical building in Colombo, the commercial and political capital of the island. It was established in 1939 and celebrates the 75th anniversary in this 2014. The bank consists of a network of over 618 branches, and…

    • 1315 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Commercial Banks

    • 690 Words
    • 3 Pages

    Introduction To Banks Banks have developed around 200 years ago. The natures of banks have changed as the time has changed. The term bank is related to financial transactions. It is a financial establishment which uses, money deposited by customers for investment, pays it out when required, makes loans at interest exchanges currency etc. however to understand the concept in detail we need to see some of its definitions. Many economists have tried to give different meanings of the term bank. Nature…

    • 690 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Commercial Bank

    • 2077 Words
    • 9 Pages

    Commercial banking activity BLF is an old established leading bank in Corporate Banking and an active professional provider of quality services to the Lebanese and regional markets. Our specialized team covers all segments of the business and is fully dedicated and committed to present our clients with needed advisory and adapted solutions to their requirements. Commercial banking activities are carried out through two main commercial divisions: the small and middle market banking division and…

    • 2077 Words
    • 9 Pages
    Better Essays
  • Satisfactory Essays

    Of Commercial Banks

    • 319 Words
    • 2 Pages

    I. Overview of Commercial Banks: 1. Concept:  Based on the law of Credit Institutions: Commercial bank is a type of credit institution which made the whole banking and monetary operations related.  Based on the activity content: Commercial bank is a type of bank which make direct transactions with companies, enterprises, economic organizations and individuals, by taking deposits, savings, and then use that capital to lend , discounts, provide means of payment and supply banking services for…

    • 319 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A Commercial Bank

    • 836 Words
    • 4 Pages

    A commercial bank (or business bank) is a type of financial institution and intermediary. It is a bank that provides transactional, savings, and money market accounts and that accepts time deposits. After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S. law, some use the term "commercial bank"…

    • 836 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Commercial Banks

    • 2039 Words
    • 9 Pages

    Commercial Banks Commercial Banks grant mainly short-term loans.In the beginning,commercial Banks extended loans to traders and merchants for the transport of their goods in both domestic an international trade as well as to finance the holding of an inventories during the brief period required for their sales. To day,commercial banks are the biggest lenders in commercial and industrial loans. They supply loan funds to business firms as well as to consumers , government agencies, universities…

    • 2039 Words
    • 9 Pages
    Better Essays
  • Good Essays

    commercial banks

    • 735 Words
    • 3 Pages

    Functions of Commercial Banks Luqmaan Zainulabdeen3487 CONTENTS Definition and nature of a commercial bank Primary functions Secondary functions The explanation of those functions Conclusion Definition of a Commercial Bank A commercial bank is basically a financial institution that provides services such as, accepting deposits, granting loans and so much more services. There are two functions in a commercial bank. A primary function and a secondary function. Nature of a Commercial Bank One main…

    • 735 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Commercial Banks

    • 10740 Words
    • 43 Pages

    EXECUTIVE SUMMARY Commercial banks occupy a dominant place in the money market. They, as a matter of fact, form the largest component in the banking structure of any country. They are the oldest, largest and fastest growing financial institutions in India. They are profit making institutions, dealing in money and credit. Commercial banks play a major role in the growth and development of the country due to the modern organization and functioning, huge funds and wide network all over the country…

    • 10740 Words
    • 43 Pages
    Powerful Essays
  • Powerful Essays

    commercial banks

    • 1027 Words
    • 4 Pages

    responsibility. This project report contains the meaning of CSR which includes the advantage of CSR towards bank, society, responsibility of corporate houses, objective of CSR, motive of CSR, responsibility towards customer. This document is all about multidimensional growth of customers for which the bank liable for their service selling. This process leads to upliftment of people life. The banks are not bind to do so but the do these kind of activities for creating a goodwill sense among their customer…

    • 1027 Words
    • 4 Pages
    Powerful Essays