ComBank reduces lending rates

The Commercial Bank of Ceylon PLC has reduced its lending rates on most borrowing facilities, with a grater emphasis on priority sectors with immediate effect.

The Bank said its decision has been taken considering the general decline in interest rates and the recent rate reductions announced by the Central Bank.

Managing Director of Commercial Bank Amitha Gooneratne, said that the rate reduction was in line with the Government's initiative to rejuvenate the economy and support customers to take advantage of emerging opportunities.