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| Sunday, 25 April 2004 |
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| News Business Features Editorial
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Accolade for Commercial Bank The Commercial Bank of Ceylon has been adjudged as the 'Best bank in Sri Lanka' for the sixth consecutive year by the 'Global Finance', one of the most prestigious publications serving the international business community. The annual survey by the New York based monthly magazine's editors, considers inputs from industry analysts, corporate executives and banking consultants in conducting their selection of the Best Emerging Market Bank in each country in the region. The criteria for choosing this year's winners included growth in assets, profitability, capital strengths, strategic relationships, customer service, competitive pricing and innovative products. The Commercial Bank has been named alongside famous establishments from Asia like HSBC, Bank of China, ICICI Bank - India, Public Bank - Malaysia, Habib Bank - Pakistan, Shinhan Bank - South Korea, Bank Sinopac - Taiwan and Siam Commercial Bank - Thailand. Commercial Bank's Managing Director, Amitha Gooneratne, said: "We are honoured that we have once again been chosen as the 'Best bank in Sri Lanka'. This is an important endorsement that the quality of our products and services offered to customers has been consistent, if not improved." "This award gives us additional motivation to achieve our aim of establishing a visible presence in the South Asian region over the next seven years and move from being the No. 1 Sri Lankan bank to the first Sri Lankan private bank with a regional network in Asia," he added. "Emerging markets are attracting increased attention as the global economy recovers," Joseph D. Giarraputo, President and Publisher of Global Finance, said. "We have identified the banks that provide a superior service taking advantage of substantial opportunities for growth in a sometimes challenging environment." Global Finance, which enters its 17th year of publishing, has 50,000 subscribers and more than 253,000 readers in 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. The Commercial Bank of Ceylon, with an 84-year history, has the country's largest computer-linked network of 119 Branches and operates 170 ATMs linked to the Cirrus International Network. The bank has also been rated the 'Bank of the Year' in Sri Lanka by the prestigious UK based publication 'The Banker' magazine for three consecutive years since 2001. |
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