Combank adjudged ‘Most Responsible Bank – SriLanka’ by Capital Finance International

Tuesday, 3 October 2017 00:00 - - {{hitsCtrl.values.hits}}

The Commercial Bank of Ceylon has been adjudged the ‘Most Responsible Bank’ in Sri Lanka by the London based print journaland online resource ‘Capital Finance International’ (CFI.co) which reports on business, economics and finance.

This significant accolade was awarded especially in recognition of Commercial Bank’s commitment to improve Green financing – such as renewable energy projects on a large scale – by exploring the Green energy potential in the country.

Furthermore, the Bank’s investment interest in tourism, healthcare, and infrastructure projects in the country too played a part in winning it the ‘Most Responsible Bank – Sri Lanka’ 2017 award.

The CFI.co judging panel commendedCommercial Bank on its robust approach to responsible banking and recognisedits pioneering role in this regard. Notably, the Commercial Bank of Ceylon is an early signatory to the United Nations Global Compact (UNGC), a UN initiative to encourage businesses worldwide to adopt sustainable and socially-responsible policies.

“The Commercial Bank of Ceylon prides itself on adhering to the highest standards of corporate governance and corporate social responsibility, building on a business model that serves the interests of all stakeholders,”commented Jegan Durairatnam, the Managing Director of thebank. “This award is yet another affirmation of our commitment to not just serving our customers better, but ofour responsibility in conducting business in a manner that results in the betterment of the country.”

The CFI.co awards programseeks out individuals and organisations that contribute significantly to the convergence of economies and add value for all stakeholders. Reporting from the frontlines of economic convergence, CFI.co underlines that best practice is to be found throughout the world and its awards programaims to identify and reward excellence wherever it is found in the hope of inspiring others to further improve their own performances.

The publication is particularly interested in including smaller companies that contribute to global progress, but might otherwise go unnoticed on the international stage.

Commercial Bank operates a network of 256 branches and 695 ATMs in Sri Lanka andhas won more than 22 international and local awards in 2016 and 2017. Commercial Bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the bank opened a fully-fledged Tier I bank with a stake of 55% in September 2016 and Italy, where the bank launched its own money transfer service in November 2016.