Commercial Bank - Best domestic bank

The winners of the annual Country Awards for Achievement announced in June by FinanceAsia, one of the region's most respected financial magazines, names Commercial Bank of Ceylon as the Best Bank in Sri Lanka and Citi as the Best Foreign Commercial Bank operating in the country.

The 2010 list is the second time that Sri Lanka has been included in the magazine's prestigious awards program.

The Commercial Bank took the accolade on the first occasion too.

Ranked alongside Commercial Bank in the 2010 list of best domestic banks in the region are DBS (Singapore), HDFC Bank (India), Bank Mandiri (Indonesia), Public Bank (Malaysia), and Asia Commercial Bank (Vietnam). Notably, no domestic banks have been named for Bangladesh, Pakistan and Cambodia in the 2010 rankings.

In March this year, the Commercial Bank was adjudged Best Bank in Sri Lanka by Global Finance magazine for the 12th year.

It is always useful to be evaluated to global parameters and ranked by independent experts, said Managing Director, Commercial Bank, Amitha Gooneratne. The fact that the 2010 assessment follows a challenging year for the banking industry in most parts of the world makes the result even more interesting.

We are therefore most encouraged by the FinanceAsia rating.