Euromoney hails Combank as the Best Bank in SL
The Commercial Bank of Ceylon has been adjudged the Best Bank in Sri Lanka in 2018 by Euromoney, one of the world’s leading financial magazines, at its Asia Awards for Excellence presented recently in Hong Kong.
This is the fifth time that Commercial Bank has been honoured with this award. The prestigious Euromoney accolade is based on detailed submissions from market participants and extensive year-round research into the banking and capital markets in the region by the magazine’s editors, journalists and research team.
According to Euromoney, the Asia Awards are seen as the benchmark for the leading firms in financial services in the region, and are fiercely contested across numerous markets and categories.
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.
Among the aspects examined for the awards are 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.
The award for the Best Bank in Sri Lanka in 2018 was accepted by Commercial Bank’s Chief Operating Officer S. Renganathan at the presentation ceremony at Island Shangri La Hotel, Hong Kong. Leading figures from banking and capital markets across Asia were present to hear the announcement of Euromoney’s Asia Awards for Excellence 2018.