LMD ranks ComBank as Most Respected Bank in SL for 18th consecutive year

Commercial Bank of Ceylon has been declared as the Most Respected Bank in Sri Lanka for the 18th consecutive year and has retained its ranking as the fourth Most Respected corporate entity in the country overall, in the 2022 Most Respected Entities in Sri Lanka rankings published by the LMD magazine.

The bank was also ranked second overall for Financial Performance, Honesty and Vision, which are three of the 12 attributes covered by the survey commissioned by the magazine. Additionally, it was placed among the Top Five corporate entities in Sri Lanka in 2022 in seven of the attributes and was the highest-ranked bank for nine attributes, including Financial Performance, Quality Consciousness, Management Profile, Honesty, Corporate Culture, CSR and Sustainability, Vision, HR and People Management and Crisis Management.

Commenting on this latest accolade, Commercial Bank Managing Director and Chief Executive Officer Sanath Manatunge said, “The respect Commercial Bank enjoys has been earned and enhanced through decades of dedication, demonstrated integrity and best practices, rigorous quality control and commitment to do the right thing. 

Despite the difficult socio-economic conditions we currently operate in, the bank was also ranked fourth overall in National Perspective. This is a testament to the bank’s commitment to the highest standards, including sustainable business practices and a deep understanding of customer needs.” 

LMD noted that Commercial Bank of Ceylon demonstrated remarkable operating resilience throughout the pandemic through customer focus, digital engagement and operational excellence. 

The bank also takes pride of place of being among the Top Five Most Respected entities in the country in every one of the 18 years since the magazine launched the ranking in 2005.