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Migrant Money

Nov 04, 2010 (LBO) - Commercial Bank said it expanded its money transfer service and will deploy banking officers in Saudi Arabia to handle remittances from migrant Sri Lankans working in the kingdom. The bank said in a statement its customer base in Saudi Arabia was growing and money transfer services can be obtained via the bank’s representatives in Saudi Arabia, the Al Rajhi Bank, Arab National Bank, National Commercial Bank and Al Bilad Bank.

Our money transfer service became very popular among Sri Lankans employed in foreign countries as soon as it was introduced a few years ago," said Commercial Bank’s Deputy General Manager Operations Sanath Bandaranayake.

"The positive response we received from our service expansion in the Middle East led us to widen access to the service in Saudi Arabia as well.

Those receiving money through the facility can collect the proceeds from any of Commercial Bank’s 185 branches and 385 ATMs in the island.