Commercial Bank ‘Arunalu’ to reward high achievers at Year 5
scholarship exam yet again
Bank’s Children’s Account has paid out over Rs 24 million to students
in the past 7 years
The Commercial Bank of Ceylon has announced that it will once again
reward high achievers at the forthcoming Year 5 scholarship examination
among its ‘Arunalu’ Children’s Savings Account holders.
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A few Arunalu cash prize winners in 2011. |
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The Bank annually presents cash rewards of Rs 10,000, Rs 7,500 and Rs
5,000 respectively, to Arunalu account holders who achieve the highest,
second highest and third highest marks in their schools at this
examination. The Bank also doubles the Arunalu account balance up to a
maximum of Rs 50,000, of any eligible account holder who achieves the
highest marks in his or her district, at the Year 5 scholarship
examination.
Over the past seven years, Commercial Bank has paid out over Rs 24
million in prizes to more than 2,000 Arunalu Children’s Savings Account
holders who met the eligibility requirements.
The 2012 Year 5 Scholarship examination is scheduled to be conducted
on Sunday, 26th August, according to the Department of Examinations.
“The Arunalu Children’s Savings Account rewards academic excellence
while inculcating and encouraging the savings habit among an
impressionable and important customer segment,” said Hasrath Munasinghe,
Commercial Bank’s Deputy General Manager Marketing.
“It has given us immeasurable pleasure to see thousands of children
inspired by being recognised by the Arunalu scheme.
Many of these young customers continue to be high achievers in school
and outside, and the Bank is proud to celebrate their successes.”
In 2011, 365 students were rewarded with Rs 3.2 million under the
Arunalu scheme.
Arunalu accounts can be opened at any of Commercial Bank’s 220
branches or service points. A minimum account balance of Rs. 5,000
should be maintained on the date of the Year 5 scholarship examination
to be eligible for a prize.
Commercial Bank is the largest private bank in Sri Lanka, and the
only Sri Lankan Bank listed two years consecutively in world’s Top 1,000
Banks. The Bank has been adjudged ‘Best Bank in Sri Lanka’ for 14
consecutive years by ‘Global Finance’ Magazine, and has won multiple
awards as the country’s best bank from ‘The Banker,’ ‘FinanceAsia,’
‘Euromoney’ and ‘Trade Finance’ magazines.
Commercial Bank also operates 17 service points in Bangladesh and is
the 4th largest foreign bank in that country. |
