Global Finance Magazine Awards Commercial Bank the Best Bank in Sri Lanka for the 13th Consecutive Year

18th April 2011, www.lankabusinessonline.com

Sri Lanka's Commercial Bank has been chosen as the 'Best Bank in Sri Lanka' for the 13th successive year by the Global Finance magazine.

It chose winners through a broad-based assessment of growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products, a bank statement said.

“Commercial Bank has displayed exemplary consistency to have been nominated as the Best Bank in Sri Lanka for 13 consecutive years, especially since some other leading banks in the region have been unable to do so,” the bank’s Managing Director Amitha Gooneratne said.

“This strongly reiterates Commercial Bank’s position among the leading financial institutions in the region.”

The US-based financial publication’s latest listing of the “Best Emerging Market Banks in Asia” is to be published in its May 2011 issue.

The magazine’s report covers banks in 20 countries in Asia, the Middle East and Africa, Latin America and Central and Eastern Europe.

This year’s Global Finance awards, which are based on the respective banks’ performances in 2010, are scheduled to be presented at the National Press Club in Washington DC on September 26.

Gooneratne noted that the 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,” he said.

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