Euromoney adjudges ComBank as the ‘Best Bank in Sri Lanka’

Business

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)

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