National Credit Guarantee Institution Limited issues milestone 2,000th Credit Guarantee to Commercial Bank

The National Credit Guarantee Institution Limited (NCGIL) recently issued its 2,000th credit guarantee to the Commercial Bank of Ceylon, marking a significant milestone in the country's financial landscape. The Commercial Bank of Ceylon has demonstrated its market leadership by disbursing the highest total loan amount among all participating financial institutions under the National Credit Guarantee Scheme.

This achievement is a testament to the Commercial Bank's unwavering commitment to supporting micro, small, and medium enterprises (MSMEs) across Sri Lanka, with a particular focus on empowering women-led businesses through the 'Liya Shakthi' scheme launched by NCGIL. The Commercial Bank has extended loans amounting to Rs. 2.97 billion, making up nearly a third of all facilities under the National Credit Guarantee Scheme.

S. Ganeshan, Deputy General Manager - Personal Banking at Commercial Bank, expressed his satisfaction with this milestone, highlighting the strength of the national framework and the resilience and potential of entrepreneurs in Sri Lanka. The bank's deep commitment extends beyond providing capital, as they strive to enable sustainable growth for SMEs through innovative partnerships and tailored solutions that go beyond traditional lending practices.

The Commercial Bank's focus lies in providing capital while also offering advisory support, capacity building, and financial inclusion initiatives to create lasting economic impact. This milestone achieved by the Commercial Bank of Ceylon under the National Credit Guarantee Scheme underscores the crucial role financial institutions play in fostering economic growth and development in Sri Lanka.