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DateLine Sunday, 6 April 2008

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COMBank ranked Lanka’s Best Bank for 10th year

The Commercial Bank of Ceylon PLC has been adjudged Sri Lanka’s ‘Best Bank’ by one of the world’s most respected financial publications, Global Finance (USA) for a record 10th year running.

Commercial Bank has won this award 10 out of the 15 times that Global Finance has published the results of its annual survey of Best Emerging Market Banks.

The report covers the best banks in Asia, the Middle East, Africa, Latin America and Central and Eastern Europe.

Managing Director of Commercial Bank Amitha Gooneratne said, “We are justifiably pleased at being ranked Sri Lanka’s Best Bank for the tenth consecutive year. With this, Commercial Bank has established a level of consistency of performance that is unique in the region.”

A comprehensive evaluation by Global Finance of the Bank’s performance over the past year, including growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products, led its editors, with input from industry analysts, corporate executives and banking consultants to select Commercial Bank as the best among Sri Lankan banks in 2007.

Among the other indicators looked at were market share, return on equity and earnings, key capabilities and services offered, geographical range, recent or planned significant developments such as new launches, customer service endorsements and deployment of leading-edge technology. .

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