The Commercial Bank of Ceylon (ComBank) won the ‘Sri Lanka’s Bank of the Year’ award presented by The Banker of the UK in London recently.
This is the tenth occasion that Commercial Bank has been adjudged Sri Lanka’s Bank of the Year by The Banker.
Commercial Bank Managing Director/CEO Jegan Durairatnam was in London to accept the award at a gala ceremony at which 400 senior bankers from across the world gathered to celebrate their achievements.
“This has been a year of noteworthy achievement for Commercial Bank, and this award is a great way to cap it,” Durairatnam said.
“It has been a year of solid operational growth and overseas expansion. We have built on our momentum despite challenging conditions.”
“Regaining The Banker’s Bank of the Year award is a fitting tribute to the passion and professionalism of the entire team of Commercial Bank,” he said.
The Banker selects one winning bank for each of the 120 countries judged.
A spokesman for The Banker said, “The recognition of being named as Bank of the Year in your own country by the world’s longest-running international banking title is testament to the strong management, sound business model and prudent risk approach of your bank.”
“As markets have begun to stabilise after the crisis, many banks have had a return to form over the past few years.
Many have focused on their domestic business and some have pushed their expansion into growing markets making 2016 a good year for many banks that have implemented a robust strategy for growth,” he said.