ComBank crowned Best Bank in Sri Lanka by FinanceAsia
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Commercial Bank Chief Financial Officer Prasanna Indrajith accepts the award.
The Commercial Bank of Ceylon has been honoured as the Best Bank among Sri Lanka’s domestic banks for the 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, the Colombo-based bank said in a media release.
“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,” said Commercial Bank Managing Director/CEO Sanath Manatunge. “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.”
Other Country Award winners ranked alongside Commercial Bank as the Best Domestic Banks in their respective countries at this year’s FinanceAsia awards were City Bank (Bangladesh), Allied Bank (Pakistan), Bank of China (Hong Kong), PT Bank Mandiri (Indonesia), BDO Unibank (Philippines), Techcombank (Vietnam), and United Overseas Bank (Singapore).
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