ComBank, Bangladesh awarded 'A' rating

The Commercial Bank of Ceylon's Bangladesh operations have been accorded the highest 'A' rating by the banking regulator in that country, following an assessment based on the CAMELS method of international bank ratings, a reputed US supervisory rating system. The 'A-Class' CAMELS rating has been awarded to Commercial Bank, Bangladesh after assessing the six strategic factors covered by the abbreviation, Capital Adequacy, Asset Quality, Management Quality, Earnings, Liquidity and Sensitivity to market risks.

In all, 48 banks in Bangladesh were assessed till September 2008 for this latest rating. "It is an honour to be rated among the best in all six elements assessed by the CAMELS ratings," said Prabagar, Country Manager of Commercial Bank, Bangladesh.

In the CAMELS ratings, each bank is assigned a score of one (A) to five (E) for each factor.

"If a bank has an average score less than two, it is considered to be high-quality institution, while banks with scores greater than three are considered to be less-than-satisfactory establishments.

This year, six other banks operating in Bangladesh were rated Strong or A-Class," Prabagar disclosed.