Mar 25, 2010 (LBO) – Commercial Bank has been declared Sri Lanka’s best bank in 2010 for the 12th year running by Global Finance magazine, the bank said in a statement. The US-based financial publication’s latest listing of the ˜Best Emerging Markets in Asia’ is to published in its May issue.
The report covers the best banks in Asia, the Middle East and Africa, Latin America, and Central and Eastern Europe.
Listed alongside Commercial Bank are the HDFC Bank as the best bank in India, AB Bank in Bangladesh, Habib Bank in Pakistan, Public Bank Berhad in Malaysia, and Shinhan Bank in South Korea.
Being adjudged the best for 12 consecutive years illustrates the fact that we have been remarkably consistent in getting our fundamentals right, Commercial Bank Managing Director Amitha Gooneratne said.
The criteria for choosing the winners included growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.
Global Finance editors consider inputs from industry analysts, corporate financial executives and banking consultants in selecting the magazine’s final winners.