Business
ComBank among Sri Lanka’s ‘10 Most Admired Companies’ for 3rd year
The Commercial Bank of Ceylon was recently named among the‘10 Most Admired Companies in Sri Lanka’ in 2019-20 by the International Chamber of Commerce Sri Lanka (ICCSL) in collaboration with the Chartered Institute of Management Accountants (CIMA).
The Bank has been ranked among the Top 10 companies in this prestigious list in every one of the three years since the two organisations launched the list in 2018.
Commenting on this latest accolade, Commercial Bank Managing Director Mr S. Renganathan said: “Being named among the ten most admired companies in Sri Lanka is a remarkable achievement, especially because admiration is subjective, and like respect, is earned. It means that our unwavering focus on the triple bottom line of People, Planet and Profit is appreciated by stakeholders.”
Open to both listed and unlisted companies, the ICCSL-CIMA Most Admired Company Awards recognise entities that are a cut above the rest in terms of not just their financial performance but also the value they create for their shareholders, customers, employees, and the wider community in general. Commercial Bank was recognised for proving its mettle with consistency, authority, and sustainable growth, creating excellent business performance.
In terms of financial performance, Commercial Bank is the largest private bank in the country with the highest operating income, market capitalisation and gross income. Total assets as at end June 2020 stood at Rs 1.567 trillion, total deposits at Rs 1.155 trillion and total loans at Rs 941.5 billion.
With more than 5000 employees and over 3.5 million customers, the Bank said it strives to manage the business to achieve sustainable growth and optimise return on shareholders’ funds, considers staff as a valuable asset and attaches high importance to employee welfare and development, while contributing to the government’s efforts to improve socio-economic life in Sri Lanka.
As one of the leading employers in the country, the Bank said it practices equal opportunity in all hiring processes, promotes a culture of continuous learning and knowledge gathering, performance-based appraisals, and teamwork. The Bank’s Training and Development strategy is formulated to facilitate ultimate job satisfaction, skills and talent enhancement, and career progression among others to ensure that its staff is well-equipped with the competencies to undertake current as well as future tasks.
The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) proudly facilitated the first-ever Sri Lankan delegation’s participation at Drupa 2024, the world’s largest trade fair for the printing industry and technology. Held after an eight-year hiatus, Drupa 2024 was a landmark event, marking significant advancements and opportunities in the global printing industry.
AHK Sri Lanka played a pivotal role in organising and supporting the delegation, which comprised 17 members from the Sri Lanka Association for Printers (SLAP), representing eight companies from the commercial, newspaper, stationery printing, and packaging industries. This pioneering effort by AHK Sri Lanka not only showcased the diverse capabilities of Sri Lanka’s printing sector but also facilitated vital bilateral discussions with key stakeholders from the German printing industry.
Business
Unveiling Ayugiri: Browns Hotels & Resorts sets the stage for a new era in luxury Ayurveda Wellness
In a captivating reimagining of luxury wellness tourism, Browns Hotels & Resorts proudly unveiled the exquisite Ayugiri Ayurveda Wellness Resort Sigiriya. This momentous occasion, celebrated amidst a vibrant and serene grand opening on the 6th of June, heralds a new chapter in the Ayurveda wellness tourism landscape in Sri Lanka. Nestled amidst 54 acres of unspoiled natural splendour, Ayugiri features 22 exclusive suites and stands out as the only luxury Ayurveda wellness resort in the country offering plunge pools in every room, rendering it truly one-of-a-kind.
The grand opening of Ayugiri Ayurveda Wellness Resort was an enchanting event, where guests were captivated by the melodies of flutists and violinists resonating through Sigiriya’s lush landscapes. As traditional drummers and dancers infused the air with vibrant energy, Browns Hotels & Resorts’ CEO, Eksath Wijeratne, Kotaro Katsuki, Acting Ambassador for the Embassy of Japan and General Manager, Buwaneka Bandara, unveiled the resort’s new logo, marking a significant moment witnessed by distinguished guests from the French Embassy, Ayurveda and wellness enthusiasts along with officials from the Sigiriya area, LOLC Holdings and Browns Group.
“Our strategic expansion into wellness tourism with Ayugiri Ayurveda Wellness Resort Sigiriya symbolises a significant milestone for Browns Hotels & Resorts. Wellness tourism has consistently outperformed the overall tourism industry for over a decade, reflecting a growing global interest in travel that goes beyond leisure to offer rejuvenation and holistic well-being. By integrating the timeless wisdom of Ayurveda with modern luxury, we aim to set a new standard in luxury wellness tourism in Sri Lanka. Whether your goal is prevention, healing, or a deeper connection to inner harmony, Ayugiri offers a sanctuary for holistic well-being” stated Eksath Wijeratne.
Ayugiri encapsulates the essence of life, inspired by the lotus flower held by the graceful queens of the infamous Sigiriya frescoes. Just as the lotus emerges from the murky depths, untainted and serene,
Ayugiri invites guests on a journey of purity and rejuvenation, harmonised with a balance of mind, body and spirit, the essence of nature, echoes of culture and the wisdom of ancient Ayurvedic healing.
HNB General Insurance, one of Sri Lanka’s leading general insurance providers, has been honored as the Best General Bancassurance Provider in Sri Lanka 2024 by the prestigious Global Banking and Finance Review – UK.
The esteemed accolade underscores HNB General Insurance’s unwavering commitment to excellence and its outstanding performance in the field of bancassurance. Through dedication and hard work, the HNB General Insurance team has continuously endeavored to deliver innovative insurance solutions, cultivate strong relationships with banking partners, and provide unparalleled service to customers nationwide. This recognition is a testament to the team’s dedication and relentless pursuit of excellence in the bancassurance business.
“We are honored to receive this prestigious award, which reflects our team’s tireless efforts and dedication to delivering value-added insurance solutions and exceptional service through our bancassurance partnerships,” said Sithumina Jayasundara, CEO of HNB General Insurance. “This recognition reaffirms our position as a trusted insurance provider in Sri Lanka and motivates us to continue striving for excellence in serving our customers and communities.”
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