The Commercial Bank of Ceylon (ComBank) has been adjudged the Best Bank in Sri Lanka in 2020 by Euromoney, one of the world’s leading financial magazines, at its Asia Awards for Excellence.
This is the sixth time that Commercial Bank has been honoured with this prestigious accolade by Euromoney, according to bank media release.
The Euromoney awards are based on detailed submissions from market participants and extensive year-round research into the banking and capital markets in the region by the magazine’s editors, journalists and research team, Euromoney annaounced.
Contributing factors to Commercial Bank’s win included the bank ending 2019 with total assets of Rs.1.4 trillion, gross income of Rs 150 billion, net profit of Rs 17.4 billion, a deposit base of Rs. 1.07 trillion and net loans and receivables of Rs. 930.7 billion. (BS)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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