Com Bank selected as Lanka’s best bank
The Commercial Bank of Ceylon has been declared Sri Lanka’s best bank
in 2010 for a record 12th year running by Global Finance magazine.
The US-based financial publication’s latest listing of the Best
Emerging Markets in Asia’ is to be published in its May issue.
This is the seventeenth year that the magazine has selected top
banking performers in emerging markets. The report covers the best banks
in Asia, the Middle East and Africa, Latin America, and Central and
Listed alongside Commercial Bank are the HDFC Bank as the best bank
in India, AB Bank in Bangladesh, Habib Bank in Pakistan, Public Bank
Berhad in Malaysia, Shinhan Bank in South Korea, Chinatrust Bank in
Taiwan, and several other leading banks in the regions surveyed.
A noteworthy feature of the 2010 listing is that while the position
of the Best Bank in countries such as Sri Lanka, India and Pakistan
remained unchanged from 2009, there have been changes in several other
countries, including in Bangladesh and Philippines.
“The last financial year was a challenging one for the banking
industry worldwide, and it is therefore doubly satisfying to retain our
position as Global Finance’s Best Bank in Sri Lanka,” Commercial Bank
Managing Director Amitha Gooneratne said.
“Being adjudged the best for 12 consecutive years is an even more
extraordinary achievement, and illustrates the fact that we have been
remarkably consistent in getting our fundamentals right.” he said.
The criteria for choosing the winners included growth in assets,
profitability, strategic relationships, customer service, competitive
pricing, and innovative products. Global Finance editors consider inputs
from industry analysts, corporate financial executives and banking
consultants in selecting the magazine’s final winners.
Global Finance’s Best Bank awards for 2010 are to be presented on
October 9 in Washington D.C. at the National Press Club.