Commercial Bank wins The Banker of London 'Bank of the Year' award

Commercial Bank of Ceylon has been adjudged Sri Lanka's Bank of the Year for a milestone fifth consecutive year by 'The Banker' the prestigious UK-based magazine that serves the international banking community.

The magazine's annual ratings, published in its September 2005 issue, followed an in-depth scrutiny of strong performances and specific initiatives undertaken in 2004 by more than 2000 banks worldwide. According to 'The Banker' the competitiveness of the magazine's awards have increased year-on-year, making these awards the premier titles to win for banks and financial institutions.

Commenting on this major accolade, Commercial Bank Managing Director Amitha Gooneratne said: "All of us at Commercial Bank are elated at this nomination. It was only made possible because of our firm commitment to improving shareholder value whilst safeguarding and promoting the interests of all other stakeholders." "This commitment has also helped us to face and successfully overcome the problems peculiar to Sri Lanka," he added.

"Awards and accolades such as this will only strengthen our resolve to work even harder."