Lanka’ by the world’s leading financial markets magazine Euromoney.
Adding another award to the list of global awards won during the past
few months by Commercial Bank, Euromoney has recognised the Bank for its
strong strategy of attracting and serving customers, its innovative
product development, asset growth and strategic relationships.
As Euromoney’s choice for Best Bank in Sri Lanka, Commercial Bank is
ranked alongside other renowned global banks. The awards ceremony took
place in Hong Kong in July 2011.
“Being rated as ‘best’ in Sri Lanka by an international publication of
the calibre of Euromoney is an endorsement of our fundamentals and our
strategic approach,” said Commercial Bank’s Chief Financial Officer
Nandika Buddhipala. “The Commercial Bank team is honoured to be able to
reiterate its standing among the leading financial institutions in the
region as well as among the local banks.”
The evaluation by Euromoney covers banks in all major countries in
Asia, Middle East, Europe, Africa, North and Latin America, the
Caribbean as well as the Nordic and Baltic regions.
Euromoney honours institutions that demonstrate leadership, innovation
and momentum in the markets in which they excel and presents a number of
awards to the Asian region’s banks and securities houses.
The selection criteria for these awards involves an in-depth analysis
by Euromoney editors based on qualitative and quantitative criteria such
as market position, volume of business transacted, new product
development, management system, credit ratings, efficiency ratios and
annual key performance indicators.
Commercial Bank is the largest private bank in Sri Lanka, and the most
internationally lauded financial institution in the country. The Bank
has been adjudged ‘Best Bank in Sri Lanka’ for 13 consecutive years by
‘Global Finance’ Magazine and has won multiple awards as the country’s
best bank from ‘The Banker,’ ‘FinanceAsia,’ ‘Euromoney’ and ‘Trade
Finance’ magazines.
Commercial Bank operates a network of 200 computer-linked Service
Points in Sri Lanka in addition to 17 Service Points in Bangladesh. The
Bank also owns the single largest network of ATMs in the country
currently numbering 430 terminals.