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.