Combank bags 4 awards at 2018 Asian Banking and Finance Awards
The Commercial Bank of Ceylon won four awards at the 2018 Asian Banking and Finance Awards, three in the ‘Wholesale Banking’ category and one in the ‘Retail Banking’ category, continuing its phenomenal run of success at international awards programmes.
The bank was awarded the titles of ‘Domestic Trade Finance Bank of the Year, Sri Lanka,’ ‘Domestic Technology & Operations Bank of the Year, Sri Lanka’ and ‘Domestic Foreign Exchange Bank of the Year, Sri Lanka’in the Wholesale Banking Awards category, and won the award for ‘Automobile Lending Initiative of the Year, Sri Lanka’ in the Retail Banking Awards category at this prestigious event.
Recognised as a leading publication for banking and finance executives in Asia, the magazine evaluatesthe most outstanding practices and innovative strategies in Asia’s wholesale banking sectoras well as banks that stand out with groundbreaking products and services in the retail banking sphere despite the various challenges their sector faces.
All submissions for the awards were judgedby a committee of esteemed industry expertson the uniqueness, innovation, effectiveness, impact, and dynamism of the entered products and services,based on nominations received. Only products and services launched within the past year could be entered.
Commercial Bank’s award for ‘Automobile Lending Initiative of the Year, Sri Lanka’ was in recognition of the Bank’s ‘Leasing Vaaré’ promotion which was launched to promote vehicle leasing facilities to its customers.
The Asian Banking and Finance Wholesale Banking Awards programme was launched in 2012, while the magazine’s Retail Banking Awards programmeis in its 13th consecutive year of recognising industry game changers.
The event at the Shangrila Hotel, Singapore, brought together more than 300 senior executives. More than 200Asian banks from 40 countriesreceived awards.