The Commercial Bank of Ceylon has been honoured as the Best Bank among Sri Lanka’s domestic banks for a remarkable 14th year by FinanceAsia, one of the world’s foremost information sources on the Asian financial markets.
The Best Bank award was presented to Commercial Bank at the FinanceAsia Country Awards gala at the Conrad in Hong Kong. The Bank’s Chief Financial Officer Prasanna Indrajith accepted the award on behalf of the Bank.
“This accolade is particularly significant because it is based on the Bank’s performance in a year that required us to manage the impacts of many external factors, including the restructuring of the Sri Lanka International Sovereign Bonds (SLISBs) held by the Bank,” Commercial Bank Managing Director/CEO Sanath Manatunge commented. “The exceptional financial results we recorded in 2024 are a testament to the Bank’s prudential approach to managing external challenges and its core banking obligations, and its ability to leverage on operational resilience in difficult times. These are factors that were considered for the FinanceAsia award.”
According to FinanceAsia, leading financial institutions across Asia Pacific continue to navigate uncertain tides and have made waves in the uncertain time. “Not only does geopolitical complexity persist, each market is on their unique mission towards recovery, sustainability, digitalisation, restructuring, or innovation,” the magazine said. “Our awards process celebrates those institutions that showed determination to deliver desirable outcomes, through the display of commercial and technical acumen.”
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