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Commercial Bank only Sri Lankan Bank in World’s
Top 1000

Once again, your Bank has made Sri Lanka proud by being amongst the best banks in the world awarded by ‘The Banker’, UK’s premier financial magazine. This prestigious ranking is a proud testament to Commercial Bank’s stability and strength, as well as the Bank’s leadership in Sri Lanka’s financial sector.

Commercial Bank is the only Sri Lankan Bank in this ranking by the premier magazine serving the world’s investment, retail and commercial banking sectors.

Commercial Bank has been ranked 52nd in the world in the Performance category (assessed on profits on average capital) and 986th on Tier 1 capital, the criterion widely accepted as the most important benchmark for assessing the financial stability of a bank, in the July 2011 issue of prestigious annual ranking by the UK-based ‘The Banker’ magazine.

The Top 1000 rankings are compiled from a database of over 5,000 banks worldwide and are widely recognised by the global financial community as the definitive guide to bank rankings and analysis.

Commercial Bank bags Best Bank award from Global Finance for the 13th consecutive year

The Commercial Bank of Ceylon PLC has been chosen as the Best Bank in Sri Lanka for the 13th successive year by the Global Finance magazine. The highly respected, US based financial publication’s latest listing of the “Best Emerging Market Banks in Asia” is to be published in its May 2011 issue.

This is the 18th year in which the Global Finance Magazine has recognised the outstanding performances of Best Banks in emerging markets. The Commercial Bank and other winners were chosen through a broad-based assessment taking into account growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.

Commercial Bank’s success in overcoming challenges enabled it to sustain its dominant position. This reflects the Bank’s success in an important aspect - in adapting to changes in the financial world while meeting financial needs of consumers and businesses.

Euromoney Ranks Commercial Bank Sri Lanka’s Best

The Commercial Bank of Ceylon has been adjudged ‘Best Bank in Sri Lanka’ by the world’s leading financial markets magazine ‘Euromoney’. Adding another award to the list of global awards won during the year by Commercial Bank, Euromoney has recognised the Bank for its strong strategy of attracting and serving customers, its innovative product development, asset growth and strategic relationships. 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.

Commercial Bank wins most coveted pinnacle award for the Best Annual Report of 2010

The Bank has emphatically reaffirmed its superiority in the sphere of financial reporting and corporate disclosures by winning the Gold award for overall winner for the Best Annual Report across all sectors of business in Sri Lanka for 2010 at the Annual Reports Awards of The Institute of Chartered Accountants of Sri Lanka. Commercial Bank also won the Gold award for the Best Annual Report in the Banking Sector with two other prestigious top awards.

These awards reflect the Bank’s effectiveness in communication of financial and non-financial information to stakeholders and its strict compliance with legislative requirements and accepted accounting best practices. The evaluation criteria for the awards include the extent of objectivity in communicating to the most vital stakeholders, financial/ performance highlights, clarity of personnel management and business management, provision of a 360-degree view of operations and the effectiveness of corporate governance and risk management practices.