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| Monday, 2 August 2004 |
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BoC to recruit 750 employees By Anjana Samarasinghe Bank of Ceylon (BoC) will increase the interest from 5% to 5.25% for its normal saving accounts to coincide with its 65th anniversary this year. The Bank will also scale up interest rate for six months fixed deposit from 6.5% to 6.75% while one year fixed deposit up from 6.75% to 7%. This was made known at the press conference held on July 29 at Grand Oriental Hotel. Speaking at the press conference General Manager of BoC S.N.P Palihena said the bank has recorded Rs. 1.6 billion profit for last year and we have targeted Rs. 2 billion income for this year. For the last six months we were able to achieve 50 percent of our target, he said. We expect to recruit nearly 750 unemployed youth to strengthen our staff. As a first step we are planning to employ 250 youth as clerks for which we have already got the Finance Ministry approval, said Palihena. The Asst. General Manager - Marketing and Business Development of BoC Nimal E. Peiris said that in August six months fixed deposit interest will be 7.75% and one year fixed deposit interest will be 8%. This special offer is only for the customers who expect to start their deposits in August, he said. Peiris said that the bank will also introduce new saving account named "14 plus" to coincide with its anniversary. This is a saving account for children between the age 14 and 18. "14 Plus" account holders will be granted certain benefits such as withdrawing money and purchasing products and services through Visa Electro cards, he said Opening of NRFC account for migrant workers prior to the departure with free initial deposit of US$5 has been extended to all branches in the country. Earlier this facility was available only in Katunayake Air port branch, he added. |
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