Commercial Bank in World’s Top 1000 Banks for record 8th

The only bank in Sri Lanka to achieve this feat

The Commercial Bank of Ceylon has been ranked among the Top 1000 Banks of the World in 2018, and remains the only Bank in the country to be on this prestigious ranking for eight consecutive years.

The Top 1000 Banks of the World are ranked by the UK’s ‘The Banker’ magazine on the basis of Tier I capital, assets, capital assets ratio, pre-tax profits, return on capital, return on assets, BIS (Basel) Capital ratio, NPL to total loans, loans to assets ratio, risk weighted assets (RWA) to total assets (TA) ratio and cost income ratio.

Commenting on Commercial Bank’s longstanding presence in the ranking, the Bank’s Managing Director/CEO Jegan Durairatnam said: “A ranking in the Top 1,000 could be approximated to being among the top 6% of the banks of the world, which is extremely respectable. Holding one’s position within that elite group for eight years means that we are maintaining growth rates that are keeping pace with or are exceeding those of other leading international banks, despite the challenges we face.”

The top four positions in the 2018 global ranking are held by Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China.

The Top 1000 World Banks ranking is compiled from a database of over 5,000 of the world’s biggest banks and is acknowledged by the global financial community as the definitive guide to bank rankings and analysis. Begun in 1970, the ranking is widely used all year round by senior bankers, corporate treasurers, corporate financiers, the professional services community and many others in their day to day decisions relating to banking.