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Sunday, 24 August 2014

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ComBank rated Most Respected Bank

The Commercial Bank of Ceylon has been rated as the Most Respected Bank in Sri Lanka for the 10th consecutive year and the second 'Most Respected' corporate entity in the country for the fourth consecutive year in the annual LMD rankings.

The Bank was ranked number one in Sri Lanka for 'Honesty' for the second successive year, topping the category that is most important to businesses in the financial services sector.

Commercial Bank is the only bank among the top five Most Respected entities in Sri Lanka, and is ranked among the top three in several other key aspects such as Financial Performance, Quality Consciousness, Management Profile, CSR and Vision. The Bank has been the Most Respected bank in the list since its inception in 2005.

The 2014 and tenth edition of this list of Sri Lanka's most respected companies includes the most diversified conglomerates in the country and some of the world's best-known multinationals.

"For an entity whose business is dependent on public trust, confidence and respect, being ranked second among the top corporates in Sri Lanka is an important endorsement," Commercial Bank Managing Director and CEO Jegan Durairatnam said.The LMD rankings are based on the opinions of the public. The respondents include senior executives from the State and private sectors and their views are obtained under 10 areas of evaluation: Financial Performance, Quality Consciousness, Management Profile, Honesty, Innovation, Dynamism, Corporate Culture, CSR, Vision and Nation-mindedness.

In eight of these 10 areas, the Bank was placed within the top five in the 2014 survey.

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