Commercial Bank of Ceylon has become the only Sri Lankan bank to be ranked among the Top 1000 Banks of the World for the sixth year setting a benchmark for consistency.
This ranking is published annually by of the UK’s ‘The Banker’ magazine.The 2016 list is based on the Bank’s key performance indicators for FY 2015.
The Top 1000 Banks of the World are ranked on the basis of Tier I capital, assets, capital assets ratio, pre-tax profits, return on capital, return on assets, BIS (Basel) Capital ratio, NPL to total loans, loans to assets ratio, risk weighted assets (RWA) to total assets (TA) ratio and cost income ratio.
“In banking, size does matter, but the stringent evaluation for this ranking looks at many other mission-critical key performance indicators as well,” Commercial Bank’s Managing Director and Chief Executive Officer Jegan Durairatnam said. “In that context, just being among the Top 1000 is a significant achievement for a Sri Lankan bank, and staying there for six years consecutively is a great demonstration of consistency for which the entire team of Commercial Bank must be given credit.” He also added that the Bank wishes to thank all its stakeholders for their support in achieving this feat.
The Top 1000 World Banks ranking is compiled from a database of over 5,000 of the world’s biggest banks and is acknowledged by the global financial community as the definitive guide to bank rankings and analysis.
Commenting on its latest ranking, The Banker magazine said: “The 2016 Top 1000 results are indicative of the challenging environment banks found themselves operating in during 2015. Even the Chinese banking industry’s meteoric growth shows signs of slowing down for the first time in a decade.
For the last few years, China’s banks have dominated the ranking based on Tier 1 capital. This year Industrial and Commercial Bank of China (ICBC) remains number 1 and China Construction Bank number 2, with 4 out of the top 5 places held by Chinese banks.”
The Banker is published by Financial Times Business, which is the specialist publishing and conferences arm of the FT Group.
Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 18 outlets and Myanmar, where it has a Representative Office in Yangon.
www.dailynews.lk
This ranking is published annually by of the UK’s ‘The Banker’ magazine.The 2016 list is based on the Bank’s key performance indicators for FY 2015.
The Top 1000 Banks of the World are ranked on the basis of Tier I capital, assets, capital assets ratio, pre-tax profits, return on capital, return on assets, BIS (Basel) Capital ratio, NPL to total loans, loans to assets ratio, risk weighted assets (RWA) to total assets (TA) ratio and cost income ratio.
“In banking, size does matter, but the stringent evaluation for this ranking looks at many other mission-critical key performance indicators as well,” Commercial Bank’s Managing Director and Chief Executive Officer Jegan Durairatnam said. “In that context, just being among the Top 1000 is a significant achievement for a Sri Lankan bank, and staying there for six years consecutively is a great demonstration of consistency for which the entire team of Commercial Bank must be given credit.” He also added that the Bank wishes to thank all its stakeholders for their support in achieving this feat.
The Top 1000 World Banks ranking is compiled from a database of over 5,000 of the world’s biggest banks and is acknowledged by the global financial community as the definitive guide to bank rankings and analysis.
Commenting on its latest ranking, The Banker magazine said: “The 2016 Top 1000 results are indicative of the challenging environment banks found themselves operating in during 2015. Even the Chinese banking industry’s meteoric growth shows signs of slowing down for the first time in a decade.
For the last few years, China’s banks have dominated the ranking based on Tier 1 capital. This year Industrial and Commercial Bank of China (ICBC) remains number 1 and China Construction Bank number 2, with 4 out of the top 5 places held by Chinese banks.”
The Banker is published by Financial Times Business, which is the specialist publishing and conferences arm of the FT Group.
Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 18 outlets and Myanmar, where it has a Representative Office in Yangon.
www.dailynews.lk
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