Commercial Bank rated Most Respected Bank in Sri Lanka for 11th consecutive year

Friday, 21 August 2015 00:26 - - {{hitsCtrl.values.hits}}

The Commercial Bank of Ceylon has been rated the most respected bank in Sri Lanka for the 11th consecutive year and the second ‘Most Respected’ corporate entity in the country overall for the fifth successive year in the 2015 LMD rankings of the Most Respected Entities in Sri Lanka.

The bank has also been ranked No 1 in Sri Lanka for ‘Honesty’ for the third consecutive year, No 1 in Financial Performance and in the top five in several other areas of evaluation.

The only bank among the top five Most Respected entities in Sri Lanka in 2015, Commercial Bank has been ranked second overall in Management Profile, third overall in Quality Consciousness, fourth overall in Innovation, Corporate Culture and Vision and fifth among all entities in Dynamism and CSR.

The bank has been the Most Respected bank in this prestigious ranking since its inception in 2005.

The latest edition LMD ranking of Sri Lanka’s most respected companies includes the largest and most diversified conglomerates in the country and some of the world’s best-known multi nationals.

“We are pleased to note that the Bank has increased the number of aspects in which it is ranked among the top five corporate entities in Sri Lanka in 2015,” Commercial Bank Managing Director/CEO Jegan Durairatnam said. “Of these, our consistent ranking of No. 1 for Honesty, and leading the entire list for Financial Performance are the most significant, but we are also delighted to be ranked among the best in Sri Lanka in the other areas.”

The LMD rankings are based on the opinions of the general public. Respondents include senior executives from the state and private sectors and their views are obtained under 10 areas of evaluation: Financial Performance, Quality Consciousness, Management Profile, Honesty, Innovation, Dynamism, Corporate Culture, CSR, Vision and Nation-mindedness. In nine of these 10 areas, the Bank was placed within the top five in the 2015 survey.

Commercial Bank operates a network of 243 branches and 615 ATMs in Sri Lanka and is the country’s largest private bank. The only Sri Lankan bank to be ranked among the Top 1000 banks of the world for five consecutive years and ranked the most valuable private sector brand in the country in 2014, the bank was adjudged the Best Bank in Sri Lanka by FinanceAsia and Euromoney in 2015.

Commercial Bank has also won multiple awards as Sri Lanka’s best bank from other international publications over several years.

The bank was adjudged one of Sri Lanka’s 10 best corporate citizens by the Ceylon Chamber of Commerce in 2013 and 2014.