Commercial Bank of Ceylon: ComBank SME Trade Fair in Diyatha Uyana is a resounding success

Diyatha Uyana was abuzz with local entrepreneurs at 120 stalls selling irresistible, uniquely Sri Lankan flavors, aromas and innovations at the recently hosted “SME Trade Fair 2022” by the Commercial Bank of Ceylon, the largest lender in the world. small and medium-sized enterprise sector in the country. .

The Fair on March 29 and 30 was open to the public free of charge. Visitors enjoyed discounts of up to 50% on some of the newest and unique products from local manufacturers. The Commercial Bank hosted the SME Fair to encourage and support local industries and their growth and to empower entrepreneurs, the Bank said.

The trade fair was also a platform for entrepreneurs and SMEs to meet and engage with other small business owners, discuss business opportunities, meet potential suppliers, meet and seek support government agencies and participate in workshops led by industry experts.

The Director – Regional Development Department (RDD) Central Bank of Sri Lanka Mr. MSK Dharmawardena, Commercial Banking Managing Director and Group Managing Director – MS Renganathan, Managing Director and Executive Director Mr. Sanath Manatunge, Deputy Managing Director (Personal Banking) – Mr. Delakshan Hettiarachchi and many other members of the Bank’s Corporate and Senior Management team were present at the event.

The Commercial Banking booth at this show was staffed with representatives from all key departments, providing information and registration on the Bank’s comprehensive suite of digital banking services for personal and business use; provide support services in exports and trade finance, provide support in retail banking services including cards and provide support in all SME related products and services.

The Commercial Bank has also enlisted the support services of a range of government institutions, including the Industrial Development Board (IDB), the Export Development Board (EDB), the Export Agriculture Department, the Small Enterprises Development Division, the Central Environmental Authority (CEA) and the Sri Lanka Sustainable Energy Authority (SLSEA) to provide assistance to potential entrepreneurs and business owners attending the trade fair. Representatives from these agencies interacted with attendees and answered their questions about legal frameworks, policy frameworks and business development opportunities.

The stalls displayed tempting local produce and produce such as pickles, kithul items, coconut products, processed fish products and organic poultry, spices, flour, organic rice, sausages and mushroom foods, sugar cane products, bee honey, tea, coffee and other interesting foods and beverages. Natural cosmetics, accessories, clothing, sarees and shoes, stationery, household and electrical equipment, building materials, locally made wooden furniture and toys, lighting and lifestyle products were also part of the selection available on the stalls.

In 2017, Commercial Bank launched its “Biz Club” with the aim of providing SMEs with extensive networking opportunities, support beyond loans and a range of other benefits, including special banking benefits and a credit card. personalized VISA debit. Members also receive economic updates and alerts on new business developments via email and free registration for online banking, including a waiver of first year membership fees. Additionally, Biz Club members are entitled to free financial consulting services and invitations to exclusive business seminars that are beneficial for the development of their businesses.

Photo caption:

Members of Commercial Bank’s senior management, including Group Managing Director/CEO, Mr. S. Renganathan and Chief Operating Officer, Mr. Sanath Manatunge, actively participated in the SME fair organized by the Bank in Diyatha Uyana.

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