Commercial Bank is Euromoney's Best Bank in Sri Lanka in 2015
Euromoney, widely considered one of the world's leading financial magazines, has adjudged Commercial Bank of Ceylon PLC the Best Bank in Sri Lanka in 2015 at the magazine's Asia Awards for Excellence presented recently in Hong Kong.
This is the second major international award presented to Commercial Bank in the past two months, during which the Bank also had the distinction of becoming the only Sri Lankan bank to be ranked among the Top 1000 banks of the world for five consecutive years.
The prestigious Euromoney accolade is based on detailed submissions from market participants and extensive year-round research into the banking and cap- ital 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.
Country awards in the larger markets in Asia-Pacific included the award for Best Bank in Australia which went to Suncorp; Best Bank in China to ICBC; Best Bank in India to Kotak Mahindra Bank and Best Bank in Singapore to OCBC. Elsewhere, the Best Bank in Hong Kong went to HSBC, Best Bank in Indonesia to Bank Central Asia, Best Bank in Malaysia to Public Bank and Best Bank in New Zealand to ANZ.
"We are further strengthened with this very credible award, which is based on evaluation criteria applied to banks across global markets and regions," Commercial Bank's Managing Director and CEO Jegan Durairatnam said. "We are grateful to the millions of Commercial Bank customers whose patronage has made this award possible, and to the entire team whose passion and commitment keep the Bank in the vanguard of the industry."
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.