ComBank declared ‘Best Bank in SL’ for 15th year by Global Finance
The Commercial Bank of Ceylon has set yet another record, winning the
‘Best Bank in Sri Lanka’ title for the 15th consecutive year, in an
annual ranking published by Global Finance magazine for the past 20
years. The magazine’s list of the 22 ‘Best Emerging Markets Banks in
Asia,’ selected after an in-depth survey, is to be published in its May
2013 issue.
Among those ranked alongside Commercial Bank in the worldwide Global
Finance list are HSBC of Hong Kong, ANZ Group of Australia, Industrial
and Commercial Bank of China, HDFC Bank in India, Deutsche of Germany,
BNP Paribas of France, Barclays UK and Bank of America of USA as winners
in their respective regions.
Commenting on the award, Ravi Dias, Commercial Bank’s Managing
Director/CEO said:
“This recognition by Global Finance is a welcome affirmation of our
strength in the banking industry of Sri Lanka. An accolade of this
nature greatly encourages the team.” The Global Finance survey covers
best banks in Africa, Asia, Central and Eastern Europe, Developed
Europe, Latin America, the Middle East, and North America. The
magazine’s editor with input from industry analysts, corporate
executives and banking consultants select the best emerging market banks
annually. Cambodia was added to the list for the first time this year.
Criteria for choosing the winners included growth in assets,
profitability, strategic relationships, customer service, competitive
pricing, and innovative products.
Subjective criteria include the opinions of equity analysts, credit
rating analysts, banking consultants and others involved in the
industry. The mix of these factors selects leading banks that may not be
the largest, the oldest or the most diversified in a given region, but
rather the best the banks with which companies around the world would
most likely want to do business.
Announcing the 2013 winners, Global Finance publisher Joseph
Giarraputo said: “These are the banks that are providing best-in-class
solutions for these distinctive markets.” Global Finance’s Best Bank
awards will be presented at the National Press Club in Washington D.C.
during the annual World Bank/IMF Meetings in Washington.
Founded in 1987, Global Finance has a circulation of more than 50,000
and is read in 163 countries. The magazine’s audience includes chairmen,
presidents, CEOs, CFOs, treasurers and other senior financial officers
responsible for making investment and strategic decisions at
multinational companies and financial institutions. Global Finance also
targets the 8,000 international portfolio investors responsible for more
than 80 percent of all global assets under professional management. |