ComBank again in The Banker top 1,000

The Commercial Bank of Ceylon PLC has been ranked among the top 1,000 banks of the World for the sixth year running, setting another benchmark for consistency.

This ranking is published annually by The Banker magazine of the UK, and the 2016 list is based on the Bank's key performance indicators for FY 2015.

The Top 1,000 Banks of the world are ranked on the basis of Tier I capital, assets, capital assets ratio, pre-tax profits, return on capital, return on assets, BIS (Basel) Capital ratio, NPL to total loans, loans to assets ratio, risk weighted assets (RWA) to total assets (TA) ratio and cost income ratio.

"In banking, size does matter, but the stringent evaluation for this ranking looks at many other mission-critical key performance indicators as well," Commercial Bank's Managing Director and Chief Executive Officer Jegan Durairatnam said.