ComBank wins Euromoney’s Best Bank award
Euromoney, a leading international financial magazine, has adjudged
the Commercial Bank of Ceylon the Best Bank in Sri Lanka, giving the
country’s largest private bank its fourth such accolade since March this
Commercial Bank Managing Director Ravi Dias at the Euromoney
awards, flanked by Anuj Ganghar, Asia Editor of Euromoney
Magazine (left) and Clive Horwood the magazine's
The Bank received the prestigious ‘Euromoney’ Best Bank in Sri Lanka
award at a gala awards event in Hong Kong on July 12.
Founded by Sir Patrick Sergeant in 1969, Euromoney is read by 140,000
of the world’s top financial decision makers in more than 100 countries,
making it the prime magazine of the financial world, its institutions
and its users.
In March 2012, another leading international financial publication
Global Finance chose Commercial Bank as the Best Bank in Sri Lanka for
the 14th consecutive year, and on July 5 the Bank received the award for
the Best Sri Lankan Trade Bank from Trade Finance magazine. Commercial
Bank was also named Sri Lanka’s Best Bank in 2012 by the prestigious
Finance Asia magazine earlier this month.
“Being rated the best in the entire sector by high-calibre financial
publications such as these is an exceptional achievement by any
standards,” said Ravi Dias, Commercial Bank’s Managing Director and CEO.
“Our key performance indicators have been scrutinised by international
experts as a pre-requisite to these awards, making them credible
evaluations of our fundamentals. These accolades are therefore relevant
to our customers, shareholders, investors and other stakeholder groups.”
said Ravi Dias, Commercial Bank’s Managing Director and CEO.
The evaluation by Euromoney covers banks in all major countries in
Asia, Middle East, Europe, Africa, North and Latin America, the
Caribbean as well as the Nordic and Baltic regions. Euromoney honours
institutions that demonstrate leadership, innovation and momentum in the
markets in which they excel and presents a number of awards to the Asian
region’s banks and securities houses.
The selection criteria for these awards involves an in-depth analysis
by Euromoney editors based on qualitative and quantitative criteria such
as market position, volume of business transacted, new product
development, management system, credit ratings, efficiency ratios and
annual key performance indicators.