The Commercial Bank of Ceylon has won the titles of ‘Best Commercial Bank’ in Sri Lanka and the ‘Best Foreign Bank’ in Bangladesh in 2018 from the UK-based Global Business Outlook (GBO) magazine.
The Best Commercial Bank award was based on quantitative and qualitative indicators encompassing the Bank’s financial performance in the year of assessment, its impact on the national economy, financial inclusion and rural development, geographic range, achievements, new products, CSR initiatives and awards and accolades.
Bangladesh presented the Best Foreign Bank award to Commercial Bank for the growth achieved in new accounts, deposits and advances, services offered to corporate and personal banking customers, new products and the growth of the Bank’s Online Banking services in that market.
This is the first occasion that Commercial Bank participated in the Global Banking Outlook awards program.
“This is an encouraging end to what has been a year of achievements for Commercial Bank,” the Bank’s Managing Director and CEO S. Renganathan said.
“We have probably won more awards in 2018 than in any other year, demonstrating that we do not compromise on quality and performance even in challenging market conditions, and that growth can be achieved with an unwavering focus on fundamentals and best practices,” he said.
Global Business Outlook evaluated a vast number of companies in various sectors of industry, including Banking, Insurance, Wealth Management, Asset Management, Brokerage, Technology, Real Estate and Hospitality for the awards.
The 2018 Global Business Outlook awards reflect the innovation, achievements, strategies, and progressive and inspirational changes within the global business community. The awards were created to recognise companies of all sizes, which are prominent in particular areas of expertise and excellence within their sectors.