ComBank adjudged 'Strongest Bank' in Sri Lanka

The Commercial Bank of Ceylon PLC has been adjudged 'The Strongest Bank in Sri Lanka in 2016' following a detailed and transparent scorecard compiled and analysed by The Asian Banker, a leading provider of strategic intelligence on the financial services industry, Commercial Bank said n a press release.

Commercial Bank's Managing Director/CEO, Jegan Durairatnam said, "Financial strength is easily the most important attribute for a bank, especially at times when external conditions exert pressure on performance.

The scorecard based on key operational aspects assessed by the panel of international experts of The Asian Banker reaffirms that Commercial Bank continues to build on its strength even in tough conditions."

Based on an independent assessment of six areas of balance sheet financial performance - the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity - the accolade ranks Commercial Bank amongst the 500 strongest banks in the Asia Pacific Region. This award is to be presented to the Bank in Geneva, Switzerland on September 27 on the side-lines of SIBOS, the annual conference, exhibition and networking event organised by SWIFT for the financial industry.

The Asian Banker 2016 ranking of the 500 strongest banks in the Asia Pacific region has Commercial Bank in the company of banks of the calibre of Bank of China (Hong Kong), Industrial and Commercial Bank of China, Commonwealth Bank of Australia, Sumitomo Mitsui Financial Group (Japan), ANZ Bank New Zealand, OCBC Bank (Singapore),Shinhan Financial Group (South Korea), National Bank (Bangladesh) and Vietcombank (Vietnam).