The Commercial Bank was represented by its Chief Operating Officer/Executive Director S. Renganathan at the prestigious FinanceAsia Country Awards for Achievement gala in Hong Kong, at which the Bank received the award for the Best Bank in Sri Lanka for the seventh time.
The FinanceAsia Country Awards are based on the respective banks’ performance along with key events of the year, financial results including profits, NPL ratios, provisioning, return on equity, capital adequacy ratios, total assets, loans, deposits, branch network, vision and long-term strategy, market position versus the nearest competitor, principal sources of profit, and feedback of stock market analysts.
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