ComBank liquidates money transfer subsidiary in Italy – Business News & More Breaking News

image d825cdf615

Commercial Bank Ceylon PLC yesterday announced the voluntary liquidation of Commex Sri Lanka S.R.L, a wholly owned subsidiary of the bank located in Italy.

A disclosure by the bank said the decision was taken considering the economic impact following Covid-19.
Commex Sri Lanka S.R.L. launched  its money transfer operation in Italy in 2016, following the grant of a Money Transfer Licence from the Bank of Italy.

Commercial Bank is the first Sri Lankan bank to open a firm in Italy for money transfer operations.

Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links

Get Original Links Here