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ComBank tops LMD 100 ranking


Commercial Bank Managing Director and CEO Jegan Durairatnam (extreme right) at the LMD 100 awards ceremony.

The Commercial Bank of Ceylon has topped the LMD 100 ranking of Sri Lanka's leading listed companies in terms of Assets, taking second place overall on Profit After Tax (PAT) and fifth place overall on Turnover in the magazine's rankings for 2014-15. The Bank also won the Sector Award for Banking at the ceremony.

The highest ranked bank in the LMD 100, Commercial Bank was also ranked second overall in terms of Shareholders' Funds in this list compiled by LMD since 1993-94 when it was the LMD 50.

Ahead of several of the country's leading diversified conglomerates, telcos, insurers and retail giants in 2014-15, Commercial Bank ended the year with Total Assets of Rs 797.258 billion, Turnover Rs 74.538 billion, PAT - Rs 11.243 billion and Shareholder's Funds - Rs 71.206 billion.

The LMD 100's primary ranking is based on Turnover.

In 2015, Commercial Bank was 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 by LMD.

The only bank in the top five on the most respected list, Commercial Bank was also ranked No 1 in Sri Lanka for 'Honesty' for the third consecutive year and No 1 in Financial Performance and was among the top five in several other areas of evaluation. The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for five consecutive years, Commercial Bank operates a network of 246 branches and 618 ATMs.

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