The Commercial Bank of Ceylon PLC has been chosen the Best Bank in Sri Lanka for the 13th successive year by the Global Finance magazine (www.gfmag.com).
The highly respected, US based financial publication’s latest listing of the “Best Emerging Market Banks in Asia” is to be published in its May 2011 issue.
This is the 18th year in which the Global Finance Magazine has recognised the outstanding performances of Best Banks in emerging markets. The Magazine’s report covers banks in 20 countries in Asia, the Middle East and Africa, Latin America and Central and Eastern Europe.
This year’s Global Finance awards, which are based on the respective banks’ performances in 2010, are scheduled to be presented at the National Press Club in Washington DC on the 26 September 2011.
The Commercial Bank and other winners were chosen through a broad-based assessment taking into account growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products, the Bank said.
“Commercial Bank has displayed exemplary consistency to have been nominated as the Best Bank in Sri Lanka for 13 consecutive years, since some other leading banks in the region have been unable to do so,” the Bank’s Managing Director Amitha Gooneratne said.
“This strongly reiterates Commercial Bank’s position among the leading financial institutions in the region.” Gooneratne noted that the Commercial Bank’s success in overcoming challenges enabled it to sustain its dominant position.
“This reflects the Bank’s success in an important aspect -- in adapting to changes in the financial world while meeting financial needs of consumers and businesses,” he said.
The award places Commercial Bank in the company of some regional giants including HDFC Bank India, ICBC China, National Bank of Pakistan Pakistan, Maybank Malaysia, Shinhan Bank South Korea and Chinatrust Commercial Bank – Taiwan.
source - www.dailymirror.lk
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