ComBank wins coveted double at Asiamoney Banking awards

Commercial Bank of Ceylon has won two coveted international awards – Best Bank for Small and Medium Enterprise (SME) Banking and Best Bank for Environmental, Social and Governance (ESG), at the latest awards event of the respected Asiamoney magazine.

This is the third consecutive year that Commercial Bank has won a double from this quarterly publication. The bank was awarded the titles of Best Bank for Small and Medium Enterprises and Best Bank for Corporate Social Responsibility in 2020 and 2021. 

“These awards recognise the bank’s achievements in two of the most relevant aspects of performance in the current context,” Commercial Bank Managing Director and CEO Sanath Manatunge commented.

“The SMEs are the backbone of the economy and given the challenges faced by our country, supporting them is more important now than ever before. We are committed to increase our engagement with SMEs, who need more support in the current depressed economic context. The second award relates to ESG, which has also become an area of critical importance to shareholders as well as customers and regulators. We are therefore delighted to win awards in these two strategically important areas from Asiamoney.” 

The Best Bank for SME Banking award recognises Commercial Bank for proactively identifying the timely needs of the SMEs and micro enterprises and providing tailor-made products and services to assist this segment that has in the past two years been affected first by the pandemic and subsequently by economic shocks and funding issues. The Best Bank for ESG Award was presented in recognition of the bank’s strategic initiatives in the space of sustainable financing, financial inclusion and nationally-significant contributions via its CSR Trust.