Oct 17, Colombo: Government-owned major commercial bank in Sri Lanka, Bank of Ceylon (BOC) has launched a monthly raffle draw for the "Beneficiaries" of inward remittances.

The raffle is a part of the "Cash Remits" campaign targeting the beneficiaries of inward remittances. BOC says that the bank will conduct monthly draws and offer cash prices for the winners.

BOC has also re-launched its "NRFC Wasana" campaign targeting the remitters.

Bank of Ceylon Chairman Dr. Gamini Wickremasinghe says, the proposed promotional campaigns will help the Bank to boost its market share in both inward remittances and NRFC client portfolio.

According to Wickremasinghe, the BOC accounts for over 47% of the total inward remittances to the country and by the end of the year the total remitted to the country from foreign sources would amount to $ 4.8 billion.