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Doha Bank QSC

10/03/2018 | Press release | Distributed by Public on 10/03/2018 00:43

Doha Bank Enters in Agreement with Bank of Ceylon for Remittance to Sri Lanka

Doha Bank entered into an agreement with Bank of Ceylon, the largest bank in Sri Lanka, for remittance of funds from Qatar to Sri Lanka.

The signing ceremony held during the event 'Qatar - Sri Lanka bilateral opportunities' held at Doha Bank Head Office Tower at West Bay. The agreement was signed by Dr R. Seetharaman, Chief Executive Officer, Doha Bank and Mr DPK Gunasekara, Deputy General Manager - Treasury & International, Bank of Ceylon.

Bank of Ceylon is the largest bank in Sri Lanka, has largest network over 627 branches spread all over the island nation and has the ability to transfer the funds quickly and serve the customers efficiently.

Doha Bank's customers will be able to transfer money online from Doha Bank Account to their account with any branch of Bank of Ceylon in Sri Lanka. Sri Lankan customers in Doha will also be able to remit funds to beneficiaries having accounts with any other bank in Sri Lanka. The beneficiaries can collect cash from any branch of Bank of Ceylon.

Dr. R Seetharaman, CEO, Doha Bank said: 'The tie-up with Bank of Ceylon will provide an opportunity to extend our services to Sri Lankan community in Qatar by meeting their banking and remittance requirements. The customers will be able to access their funds instantly. We are committed to serving our customers in every possible manner and provide them a seamless banking experience.'

Mr Ronald C Perera, The Chairman and Mr Senarath Bandara, Chief Executive officer of Bank of Ceylon were present on this occasion.

Speaking on the tie-up, Mr. DPK Gunasekara, Deputy General Manager, Treasury & International, Bank of Ceylon said: 'This association with Doha Bank is a commitment of the bank towards providing a cost effective services to Sri Lankan nationals who live and work in Qatar. The arrangement will enable us to provide our customers convenient and secure services by expanding our remittance network from Qatar to Sri Lanka.'

Mr. Braik Ali H S Al- Marri, Acting Chief Retail Banking officer, Doha Bank, highlighted that this arrangement is very convenient and cost effective for Sri Lankan nationals to remit their funds to home country. It offers online transfer of money in Sri Lankan Rupees from Qatar to Sri Lanka. Doha Bank has placed exclusive Relationship Manager for Sri Lankan customers at International Relations Centre (IRC) D Ring Road Branch to serve Doha Bank Sri Lankan customers for banking needs in Qatar and home country.