The Commercial Bank of Ceylon has been declared the Best Bank in Sri Lanka at the 2018 Country Awards for Achievement of FinanceAsia.
This is the eighth occasion that the bank has won this award in the 10 years since it became the first Sri Lankan institution to be so honoured, underlining the consistency of the Bank’s performance in the past decade.
The FinanceAsia Country Awards are based on the respective banks’ performance and key events of the year; financial results including profits, NPL ratios, provisioning, return on equity, capital adequacy ratios, total assets, loans, deposits and branch network; metrics for internal targets; vision and long-term strategy;and market position versus the nearest competitor and must be backed by feedback of stock market analysts.