Art enables children to express themselves on virtually anything that interests them, and the Commercial Bank of Ceylon has launched an island-wide competition to stimulate such expression by the country’s young artists.
Sri Lanka’s benchmark private bank has announced it will award Rs 555,000 in 45 cash prizes at an art competition to be conducted under the banner of ‘Arunalu’ – the Bank’s flagship Children’s Savings Account.
Titled ‘Arunalu Siththam,’ the competition is open to school-going children in three age groups – Grades 1 to 3, Grades 4 to 6 and Grades 7 to 9, the Bank said. Contestants can choose their own topics and colour medium, and submit their art on 18 x 16 inch drawing paper on or before 14thMarch 2017.
Each drawing should mention the topic and colour medium, the full name of the child, Grade, School, child’s address, telephone number and date on the back of the drawing and every submission should be certified by the child’s school Principal or Class Teacher or Grama Niladhari or by a Justice of the Peace.
Drawings should be sent to the Marketing Department of Commercial Bank, PO Box 856, Colombo 01.
The Bank said the drawing that wins first place in each age group will receive a cash prize of Rs 50,000, while the second and third placed drawings in each group will receive cash prizes of Rs 35,000 and Rs 25,000 respectively. A cash prize of Rs 15,000 each and Rs 10,000 each will be presented to the fourth and fifth placed drawings in each group.
The Bank will also award cash prizes of Rs 5,000 each to ten highly commended drawings in each age group, making a total of 15 cash prizes per segment.
The submitted drawings will be judged by an eminent panel of judges which is comprised of reputed professional artists who are experienced in judging paintings created by children.
Launched in 1991, Arunalu is Commercial Bank’s key savings account for children of the school going age. An Arunalu Children’s Savings account can be opened at any of Commercial Bank’s 256 branches with a minimum deposit of Rs. 100. The Arunalu account can be converted to one of the Bank’s many other savings accounts when the child reaches the age of 18, making the account holder eligible for a Commercial Bank debit or credit card, as well as to apply for personal loans for educational purposes.
In 1998, the Bank launched a cash prize scheme under the Arunalu brand to reward high achievers at the annual Year 5 scholarship examinations. The scheme has evolved and grown into the largest year 5 Scholarship cash prize scheme in the country. Over the past four years alone, the Arunalu prize scheme has paid out more than Rs 20 million to the country’s brightest young students.
The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for six years consecutively, Commercial Bank has won multiple awards as Sri Lanka’s Best Bank, Best Trade Bank, Strongest Bank, Most Respected Bank from a number of local and international institutions and publications over several years and has also been adjudged one of Sri Lanka’s 10 best corporate citizens by the Ceylon Chamber of Commerce for several years.
Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 18 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the Bank opened a fully-fledged Tier I Bank in September 2016 and Italy, where the Bank launched its own money transfer service in November 2016.