Commercial Bank topped the LMD 100 ranking of Sri Lanka’s leading listed companies in terms of assets, second place in overall on profit after tax (PAT) and fifth overall on turnover in the magazine’s rankings for 2014 and15.
The Bank also won the Sector Award for Banking at the ceremony.
Commercial Bank is also ranked second overall in terms of Shareholders’ Funds in this list compiled by LMD since 1993-94 when it was the LMD 50.
Commercial Bank ended the year with Total Assets of Rs 797.258 billion, Turnover of Rs 74.538 billion, PAT of Rs 11.243 billion and Shareholder’s Funds of Rs 71.206 billion.
The LMD 100’s primary ranking is based on Turnover.
“We generally benchmark our financial performance against the performances of peer banks, but it is most encouraging to see that the Bank is amongst some of the top business groups in our country,” Commercial Bank’s Managing Director and CEO Jegan Durairatnam said this is possible as a result of the depth of penetration the Bank has achieved in retail and corporate banking over the years to become an integral part of the national economy and the lives of our citizens.
In 2015, Commercial Bank was 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 by LMD.
www.dailynews.lk
The Bank also won the Sector Award for Banking at the ceremony.
Commercial Bank is also ranked second overall in terms of Shareholders’ Funds in this list compiled by LMD since 1993-94 when it was the LMD 50.
Commercial Bank ended the year with Total Assets of Rs 797.258 billion, Turnover of Rs 74.538 billion, PAT of Rs 11.243 billion and Shareholder’s Funds of Rs 71.206 billion.
The LMD 100’s primary ranking is based on Turnover.
“We generally benchmark our financial performance against the performances of peer banks, but it is most encouraging to see that the Bank is amongst some of the top business groups in our country,” Commercial Bank’s Managing Director and CEO Jegan Durairatnam said this is possible as a result of the depth of penetration the Bank has achieved in retail and corporate banking over the years to become an integral part of the national economy and the lives of our citizens.
In 2015, Commercial Bank was 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 by LMD.
www.dailynews.lk
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