ComBank honoured as one of Sri Lanka’s 10 Most Admired Companies for 5th year

Senior representatives of Commercial Bank with members of presentation party at 2023 Most Admired Companies awards

Commercial Bank of Ceylon has been ranked as one of the 10 Most Admired Companies in Sri Lanka by the International Chamber of Commerce Sri Lanka (ICCSL), in collaboration with the Chartered Institute of Management Accountants (CIMA) and American Institute of Certified Public Accountants (AICPA).
This is the fifth occasion that Sri Lanka’s benchmark private sector bank has been formally named on this elite list, following a rigorous evaluation of quantitative and qualitative performance indicators.

Commenting on this significant tribute, Commercial Bank Managing Director/CEO Sanath Manatunge said, “While sustainable performance remains a primary factor in generating admiration for a corporate entity, we believe that the less quantifiable perception-driven qualitative aspects such as good corporate citizenship, environmental and social governance, ethical compliance and customer responsiveness are equally important. These are key focus areas for Commercial Bank, which is why we are greatly encouraged by the endorsement implicit in the Most Admired Companies award.” 

Open to both listed and unlisted companies, the ICCSL-AICPA-CIMA Most Admired Company Awards recognise companies for their financial performance and their ability to practice sustainable and ethical ways of business for their employees, customers, investors and the community. Companies selected for recognition undergo a stringent evaluation process that is based on globally-accepted criteria by a distinguished panel of judges. Companies that had been in business for over five years as of June 30, 2023 and are 30 percent or more of Sri Lankan ownership were eligible to enter the awards competition.