The Commercial Bank of Ceylon was adjudged 'The Strongest Bank in Sri Lanka in 2014' by The Asian Banker, a leading provider of strategic intelligence on the financial services industry.
A press release said: ‘The award is based on a detailed and transparent scorecard that ranks commercial banks on six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
‘It was formally presented to Commercial Bank Chief Operating Officer andExecutive Director S Renganathan on September, 30 in Boston, USA,by Todd R. Burwell, President/CEO of BAFT, the association for organisations actively engaged in international transaction banking. The presentation took place on the side-lines of Sibos 2014, the annual conference, exhibition and networking event organised by SWIFT for the financial industry. Billed the world's premier financial services event, this year's Sibos conference was attended by 7,000 international decision makers and topic experts from financial institutions, market infrastructures, multinational corporations and technology partners.
‘This ranking as Sri Lanka's strongest bank places Commercial Bank among The Asian Banker '500 Largest and Strongest Banks' - a ranking widely followed by investors, analysts and the media as the leading source to assess the financial strength of commercial banks in the region.
‘Commenting on this latest international ranking accorded to the Bank, Commercial Bank's Managing Director/CEO JeganDurairatnam said: "The key performance indicators assessed by the panel of international experts are the components of the financial strength that is the ultimate goal in Banking. This ranking reaffirms that Commercial Bank continues to get all its fundamentals right even in tough conditions."
www.island.lk
A press release said: ‘The award is based on a detailed and transparent scorecard that ranks commercial banks on six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
‘It was formally presented to Commercial Bank Chief Operating Officer andExecutive Director S Renganathan on September, 30 in Boston, USA,by Todd R. Burwell, President/CEO of BAFT, the association for organisations actively engaged in international transaction banking. The presentation took place on the side-lines of Sibos 2014, the annual conference, exhibition and networking event organised by SWIFT for the financial industry. Billed the world's premier financial services event, this year's Sibos conference was attended by 7,000 international decision makers and topic experts from financial institutions, market infrastructures, multinational corporations and technology partners.
‘This ranking as Sri Lanka's strongest bank places Commercial Bank among The Asian Banker '500 Largest and Strongest Banks' - a ranking widely followed by investors, analysts and the media as the leading source to assess the financial strength of commercial banks in the region.
‘Commenting on this latest international ranking accorded to the Bank, Commercial Bank's Managing Director/CEO JeganDurairatnam said: "The key performance indicators assessed by the panel of international experts are the components of the financial strength that is the ultimate goal in Banking. This ranking reaffirms that Commercial Bank continues to get all its fundamentals right even in tough conditions."
www.island.lk
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