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Commercial Bank is FinanceAsia’s Best in Sri Lanka

Aug 15, 2011 4:50:14 AM - www.ft.lk

 

The Commercial Bank of Ceylon said today it has further strengthened credentials as the Best Bank in Sri Lanka by winning the country award for Sri Lanka at FinanceAsia’s Annual Country Awards 2011.

FinanceAsia’s latest rankings, published in the magazine’s July 2011 issue, are based on the respective banks’ financial performance for FY 2010. The evaluation criteria included capital adequacy, liquidity and cost income ratios, pre and post tax profits, provisions for possible losses, return on equity and network of branches, agents and correspondents.

Total Assets, Loans and Deposits portfolio, vision and long term strategy, as well as market position versus its nearest competitor were also taken into consideration by FinanceAsia for the awards.

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