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http://www.lbo.lk/fullstory.php?nid=909304853
Sri Lanka's Commercial Bank has been included in the list of top 1,000 banks in the world in the annual ranking by the UK-based ‘The Banker’ magazine.
"Commercial Bank is the only Sri Lankan Bank in this ranking by the premier magazine serving the world’s investment, retail and commercial banking sectors," a statement said.
Commercial Bank has been ranked 52nd in the world in the Performance category, assessed on profits on average capital, it said.
It has also been ranked 986th on Tier 1 capital, the criterion widely accepted as the most important benchmark for assessing the financial stability of a bank, in the publication’s July 2011 issue, it said.
“The significance of this achievement by Commercial Bank is evident when viewed in the context that only three banks from Singapore are ranked among the top 1000,” Commercial Bank Managing Director Amitha Gooneratne said.
At the top of the elite group of 1,000 banks (based on Tier 1 Capital) are the Bank of America, JPMorgan Chase & Co, HSBC Holdings, Citigroup, Mitsubishi UFJ Financial Group, Industrial Commercial Bank of China, Wells Fargo & Co, China Construction Bank Corporation and Bank of China.
The Top 1000 rankings are compiled from a database of over 5000 banks worldwide and are widely recognised by the global financial community as the definitive guide to bank rankings and analysis.
Sri Lanka's Commercial Bank has been included in the list of top 1,000 banks in the world in the annual ranking by the UK-based ‘The Banker’ magazine.
"Commercial Bank is the only Sri Lankan Bank in this ranking by the premier magazine serving the world’s investment, retail and commercial banking sectors," a statement said.
Commercial Bank has been ranked 52nd in the world in the Performance category, assessed on profits on average capital, it said.
It has also been ranked 986th on Tier 1 capital, the criterion widely accepted as the most important benchmark for assessing the financial stability of a bank, in the publication’s July 2011 issue, it said.
“The significance of this achievement by Commercial Bank is evident when viewed in the context that only three banks from Singapore are ranked among the top 1000,” Commercial Bank Managing Director Amitha Gooneratne said.
At the top of the elite group of 1,000 banks (based on Tier 1 Capital) are the Bank of America, JPMorgan Chase & Co, HSBC Holdings, Citigroup, Mitsubishi UFJ Financial Group, Industrial Commercial Bank of China, Wells Fargo & Co, China Construction Bank Corporation and Bank of China.
The Top 1000 rankings are compiled from a database of over 5000 banks worldwide and are widely recognised by the global financial community as the definitive guide to bank rankings and analysis.
