Business

FinanceAsia’s names ComBank Best in Sri Lanka for ninth time

The Commercial Bank of Ceylon recently received the coveted Best Bank of the Year in Sri Lanka Award for the ninth time at the prestigious FinanceAsia Country Awards gala. At the event held in St. Regis Hotel, Hong Kong, the bank was represented by Deputy General Manager – Treasury Prins Perera who accepted the award on behalf of the bank. The FinanceAsia Country Awards are based on the respective banks’ performance, encompassing key events of the year, financial results including profits, NPL ratios, provisioning, return on equity, capital adequacy ratios, total assets, loans, deposits, branch network, vision and long-term strategy, market position versus the nearest competitor, principal sources of profit, and feedback of stock market analysts.