ComBank 'Best Bank in SL' - Global Finance (USA)

One of the world's leading financial magazines has rated Commercial Bank of Ceylon PLC the Best Bank in Sri Lanka, reaffirming the Bank's status as the leader in its field for an emphatic 17th year.

Global Finance's just-released 2016 list of the world's 25 Best Emerging Markets Banks in Africa, Asia-Pacific, Central & Eastern Europe, Latin America and the Middle East, names Commercial Bank alongside some of the leading banks in these regions.

Criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

In addition, a poll of Global Finance's corporate readership was conducted in order to increase the accuracy and reliability of the results, the magazine said.

"We are delighted to be named the Best Bank in Sri Lanka for the 17th time since Global Finance began this annual exercise," Commercial Bank's Managing Director and CEO Jegan Durairatnam said.

"Given its audited circulation of more than 50,000 in the upper echelons of global corporate leadership, this assessment carries much weight, and the stringent evaluation process has an acknowledged credibility."

The detailed results of Global Finance's latest exclusive survey are to be published in the May 2016 issue of the magazine and winners will be honoured at an Awards Ceremony held during the IMF/World Bank Annual Meetings in Washington, DC on the morning of October 8, 2016 at the National Press Club.

"We honour those banks that excel at addressing the needs of their clients and have the deepest commitment to the markets in which they operate, despite the uncertain conditions they face,"said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

"The world's banks continue to deal with a number of headwinds, including geopolitical risk, volatile economic and market conditions and still-changing regulatory regimes."