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Euromoney names Commercial Bank as Sri Lanka’s best bank

ECONOMYNEXT – Euromoney has named Commercial Bank of Ceylon the Best Bank in Sri Lanka in 2015 at the financial magazine’s Asia Awards for Excellence presented recently in Hong Kong.

“We are further strengthened with this very credible award, which is based on evaluation criteria applied to banks across global markets and regions,” Commercial Bank’s Managing Director Jegan Durairatnam said in a statement.

Among the aspects examined for the awards are qualitative and quantitative criteria such as market position, volume of business transacted, new product development, management system, credit ratings, efficiency ratios and annual key performance indicators.

This is the second major international award presented to Commercial Bank in the past two months, the statement said.

Commercial Bank also was the only Sri Lankan bank to be ranked among the Top 1000 banks of the world for five consecutive years.

(Colombo/July 27 2015)

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