Com Bank FinanceAsia’s ‘Best Bank in Sri Lanka’

Commercial Bank further strengthened its credentials as the Best Bank in Sri Lanka by winning the country award for Sri Lanka at FinanceAsia’s Annual Country Awards 2011.

FinanceAsia’s latest rankings, published in the magazine’s July 2011 issue, are based on the respective banks’ financial performance for FY 2010.

The evaluation criteria included capital adequacy, liquidity and cost income ratios, pre and post tax profits, provisions for possible losses, return on equity and network of branches, agents and correspondents.

Total Assets, Loans and Deposits portfolio, vision and long term strategy, as well as market position versus its nearest competitor were also taken into consideration by FinanceAsia for the awards.

Commercial Bank was singled out for this prestigious accolade due to strong performance in all key indicators as well as its strategic relationships and customer service, the Bank said.

“Awards based on independent third-party assessments that use internationally accepted measurements are very useful as they affirm the success of our efforts to match global players,” Managing Director Amitha Gooneratne said.