ComBank adjudged 'Bank of the Year'
The Commercial Bank of Ceylon was declared as Sri Lanka's 'Bank of
the Year' by the UK-based The Banker Magazine in London recently.
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Commercial Bank, Managing Director and CEO Jegan Durairatnam
with the ‘Bracken’ award presented by The Banker. |
This is the ninth Bank of the Year award presented to Commercial Bank
by the magazine which is also responsible for the annual ranking of the
Top 1,000 Banks of the World.
The Bank of the Year award also referred to as a 'Bracken' is
considered the 'Oscar' of the international banking industry, and is
decided on performance across diverse key indicators.This is the second
major international banking award won by Commercial Bank in the past
three years.
Durairatnam said, "We believe that the emphasis we place on achieving
performance excellence while maintaining anequitable balance between
stakeholder expectations and our responsibilities to the community, is
the basis for many of the international accolades that come our way."
In September, the Bank was adjudged 'The Strongest Bank in Sri Lanka
in 2014' by The Asian Banker magazine.
Commercial Bank has been ranked in the world's Top 1,000 Banks for
four consecutive years.
The comprehensive evaluation for the Bank of the Year awards named
after Brendan Bracken, the founding editor of 'The Banker' in 1926 and
Chairman of the Financial Times from 1945 to 1958, covers qualitative
achievements, strategic initiatives, financial results, growth rates and
performance data and other aspects such as technology and key strategic
developments.
"As always, they are a tribute to the entire team of Commercial Bank,
and are a re-affirmation of the value of focusing on best practices and
banking fundamentals," he said.
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