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Discounts of up to 20% at Sarasavi for ComBank Minors’ Savings Account Holders

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Commercial Bank of Ceylon Minors’ Savings Account holders can enjoy exclusive discounts of up to 20% on books and stationery at any Sarasavi Bookshop island-wide until the end of August 2022, under an exciting benefit unveiled by the Bank for children confined to their homes by months of lockdown.

Children with Commercial Bank ‘Arunalu’ Children’s Savings Accounts, ‘Isuru’ Minors’ Savings Plans, and ‘Dotcom’ Teen Accounts are entitled to these special discounts, providing them an opportunity to save while catching up on their reading and creative pursuits.

These account holders can enjoy a 20% discount on Sarasavi publications and Weerodara stationery and a 10% discount on all other publications and stationery available at Sarasavi bookshops during the promotion period. The discounts will not apply when purchasing calculators, educational publications, and other services from Sarasavi, the Bank said.

Holders of these Commercial Bank accounts are required to produce an Arunalu or Isuru branded passbook, an Isuru Entitlement Certificate, or a Dotcom Teen Debit Card at the counters of any Sarasavi Bookshop at the point of payment to avail of the discounts.

The flagship children’s savings account of Commercial Bank, Arunalu offers a higher interest rate for Children’s Savings Accounts and rewards account holders with special cash prizes if they score the first, second or third highest aggregate marks in their schools at the Year 5 Scholarship Examination. The Isuru Minors’ Savings Plan is an ideal investment plan that provides parents a convenient way to save regularly for the future of their children. It includes both a monthly deposit and a lump sum deposit scheme.

The ComBank Dotcom Account was launched to promote the saving habit and financial discipline among youth. The account pays a higher interest rate over the prevailing savings rate and enables account holders to enjoy Online Banking and Mobile Banking facilities free of charge and even a mobile reload facility.

A pioneer and foremost in the book trade, Sarasavi Bookshop (Pvt) Ltd. is the largest network of bookshops in Sri Lanka with thousands of enthusiastic readers at all levels around the country. At present it has 28 book stores located in major towns.

Sri Lanka’s first fully carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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