Wed, 30 Nov 2022 Today's Paper

FinanceAsia declares ComBank Best Bank in Sri Lanka

24 May 2016 12:00 am - 0     - {{hitsCtrl.values.hits}}

A A A

The Commercial Bank of Ceylon has won two more prestigious international accolades,being adjudged the ‘Best Bank’ in Sri Lanka in 2016, and presented a Platinum award for 20 years of excellence by the Hong Kong based ‘FinanceAsia,’ magazine, one of the most respected financial publications in the region.
This is the sixth ‘FinanceAsia Country Banking Achievement Award’ presented to Commercial Bank in the eight years since the Bank became the first entity in Sri Lanka to receive this coveted tribute in 2009.
Additionally, as FinanceAsia celebrates 20 years covering Asia’s financial markets this year, the magazine has chosen Commercial Bank as one the recipients of a one-off Platinum Award presented to banks and corporations that have consistently excelled over the past two decades, providing utmost quality and innovation to customers.
The FinanceAsia Country Award is based on the respective banks’ financial performance and considers profits, NPL ratios, provisioning, return on equity, capital adequacy ratios, totalassets, loans, deposits, branch network, vision and long-term strategy, market position versus the nearest competitor, principal sources of profit, and feedback of stock market analysts.
“There are no subjective assessments for the FinanceAsia awards, which are based strictly on hard facts and figures,” Commercial Bank’s Managing Director/CEO Mr Jegan Durairatnam said. “They are therefore an excellent benchmark not only to reaffirm the Bank’s position in the market, but to compare its performance with other top banks in the region.” FinanceAsia’s Country Banking Achievement  Awards for2016 ranks Commercial Bank alongside many banking giants in the region including HSBC and DBS, adjudged the best in Hong Kong and Singapore respectively; as well as banks of the calibre of ICBC (China), CTBC (Taiwan), ICICI (India), Kasikornbank (Thailand), Busan Bank (Korea), Bank Central Asia (Indonesia), Techcombank (Vietnam), MCB Bank (Pakistan) and Dutch-Bangla Bank (Bangladesh).
The full list of this year’s winners is to be published in the July issue of FinanceAsia, which will be in circulation in mid June.
First published in 1996, FinanceAsia is Asia’s leading financial publishing company and the world’s foremost information source on the Asian financial markets. Published 11 times a year in Hong Kong, the magazine provides readers with the latest financial trends, interviews, features and investigative reports. The company is owned by Haymarket Media Limited, the largest privately-owned publishing group in the UK.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning

Rishi Sunak; why SL did not have a Tamil or Muslim as President?

Britain now has a British Asian, Hindu Prime Minister, though Rishi Sunak is

How and why MGR launched ADMK 50 years ago

17 October 1972 was a Tuesday. Fifty years ago on that auspicious day, a new