Commercial Bank wins Euromoney's Best Bank award

Euromoney, a leading international financial magazine, has adjudged the Commercial Bank of Ceylon the Best Bank in Sri Lanka, giving the country's largest private bank its fourth such accolade since March this year.

The Bank received the prestigious 'Euromoney' Best Bank in Sri Lanka award at a gala awards event in Hong Kong.

Founded by Sir Patrick Sergeant in 1969, Euromoney is read by 140,000 of the world's top financial decision makers in more than 100 countries, making it the prime magazine of the financial world, its institutions and its users.

In March 2012, another leading international financial publication Global Finance chose Commercial Bank as the Best Bank in Sri Lanka for the 14th consecutive year and on July 5, the Bank received the award for the Best Sri Lankan Trade Bank from Trade Finance magazine. Commercial Bank was also named Sri Lanka's Best Bank in 2012 by the prestigious FinanceAsia magazine earlier this month.

"Our key performance indicators have been scrutinised by international experts as a pre-requisite to these awards, making them credible evaluations of our fundamentals. These accolades are therefore relevant to our customers, shareholders, investors and other stakeholder groups." Commercial Bank's Managing Director and CEO Ravi Dias .