The Commercial Bank of Ceylon has won the titles of ‘Best Commercial Bank’ in Sri Lanka and the ‘Best Foreign Bank’ in Bangladesh in 2018 from the UK-based Global Business Outlook (GBO) magazine, ending a year of international and local accolades with twin honours across the Palk Strait.
The prestigious Best Commercial Bank award is based on quantitative as well as qualitative indicators encompassing the Bank’s financial performance in the year of assessment, its impact on the national economy, financial inclusion and rural development, geographic range, achievements, new products, CSR initiatives and awards and accolades.
The Best Foreign Bank award presented to Commercial Bank Bangladesh recognises growth achieved in new accounts, deposits and advances, services offered to corporate and personal banking customers, new products and the growth of the Bank’s Online Banking services in that market.
This is the first occasion that Commercial Bank has participated in the Global Banking Outlook awards programme.
“This is an encouraging end to what has been a year of achievements for Commercial Bank,” the Bank’s Managing Director/CEO S. Renganathan said. “We have probably won more awards in 2018 than in any other year, demonstrating that we do not compromise on quality and performance even in challenging market conditions, and that growth can be achieved with an unwavering focus on fundamentals and best practices.”
Global Business Outlook evaluated a vast number of companies in various sectors of industry for these awards, including but not limited to Banking, Insurance, Wealth Management, Asset Management, Brokerage, Technology, Real Estate and Hospitality.
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