ComBank rated Most Respected Bank in Lanka

The Commercial Bank of Ceylon has been rated the Most Respected Bank in Sri Lanka for the 11th consecutive year and the second 'Most Respected' corporate entity in the country overall for the fifth successive year in the 2015 LMD rankings of the Most Respected Entities in Sri Lanka.

The Bank has also been ranked number one in Sri Lanka for 'Honesty' for the third consecutive year, number one in Financial Performance and in the top five in several other areas of evaluation.

The only bank among the top five Most Respected entities in Sri Lanka in 2015, Commercial Bank has been ranked second overall in Management Profile, third overall in Quality Consciousness, fourth overall in Innovation, Corporate Culture and Vision and fifth among all entities in Dynamism and CSR.

The Bank has been the Most Respected bank in this ranking since its inception in 2005. The latest edition LMD ranking of Sri Lanka's most respected companies includes the largest and most diversified conglomerates in the country and some of the world's best-known multinationals.

"We are pleased to note that the Bank has increased the number of aspects in which it is ranked among the top five corporate entities in Sri Lanka in 2015," Managing Director and CEO, Commercial Bank Jegan Durairatnam said.

"Of these, our consistent ranking of number one for Honesty and leading the entire list for Financial Performance are the most significant, but we are also delighted to be ranked among the best in Sri Lanka in other areas," he said.

The LMD rankings are based on the opinions of the public. Respondents include senior executives of 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 nine of these 10 areas, the Bank was placed within the top five in the 2015 survey.