The Commercial Bank of Ceylon has been declared Sri Lanka’s ‘Bank of the Year 2008’ by ‘The Banker,’ the reputed UK-based Magazine that serves the international banking community.
Commercial Bank has now won this award, the 'Oscar' of the international banking industry, seven out of nine times that the Magazine has conducted the awards event, the Bank said.
Assessments for the Bank of the Year Awards are based on detailed questionnaires answered by banks. This year, 740 banks from 150 countries submitted questionnaires to The Banker’s editorial team. The Magazine awarded 160 ‘Bracken’ awards to the winners world-wide for 2008.
“This award is a timely reaffirmation that Commercial Bank remains an icon of best practice and stability in a turbulent environment,” Commercial Bank’s Managing Director Amitha Gooneratne said. “Public confidence in some financial institutions has been shaken but the Commercial Bank’s soundness has been repeatedly reaffirmed.”
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