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Sunday, 30 March 2014

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ComBank named Sri Lanka's Best Bank

The Commercial Bank of Ceylon has been rated the Best Bank in Sri Lanka by Global Finance, one of the world's leading publications serving the international business community.

This benchmark ranking published annually by Global Finance for 21 years, named Commercial Bank among the best emerging markets banks in 30 countries in the Asia Pacific region in 2014.

Ranked alongside Commercial Bank as the best banks in 2014 in their countries are China Merchant Bank (China), HDFC Bank (India), Shinhan Financial Group (South Korea), Public Bank (Malaysia), Standard Chartered Bank (Nepal), Siam Commercial Bank (Thailand) and Bank Central Asia (Indonesia).

The criteria to choose the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.

For the first time, a poll of Global Finance's corporate readership was conducted to increase the accuracy and reliability of the results.

"In the financial services sector in particular, consistency of performance is of paramount importance," Commercial Bank's Managing Director and CEO Ravi Dias said.

"The Global Finance ranking is an important independent affirmation that the Bank has maintained its position for many years. This is an accolade for which the entire Commercial Bank team can take the credit," he said. Global Finance publisher and Editorial Director Joseph D. Giarraputo said, "Faced with slowing growth and volatile markets, these banks are star performers under increasingly challenging conditions. The banks that Global Finance honours may not be the largest or oldest, but they are the best at targeting their products and offerings to the specific markets they serve."

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