📈 Commercial Bank Named Sri Lanka’s Best Bank for 24th Year

Source

Commercial Bank of Ceylon has been recognized as the ‘Best Bank in Sri Lanka’ by Global Finance (USA) in its 2026 World’s Best Banks awards. This marks the 24th time the bank has secured this title, placing it alongside elite Asia-Pacific institutions like DBS and SBI. • Financial Performance & Stability The bank maintains a strong capital base with a market capitalization exceeding US$ 1 Bn. Key metrics include a Return on Equity (ROE) of over 21% and industry-leading cost-to-income ratios. Growth remains robust across assets, loans, and deposits despite global volatility. • Sector Leadership As the largest private sector lender in the country, the bank is a critical pillar for SME development, accounting for over 30% of total SME lending. It has also expanded support for women entrepreneurs via the ‘ComBank Shakthi’ model. • Innovation & Sustainability Leading the ICT/BPM integration in banking, the bank introduced AI-powered credit underwriting for SMEs. Notably, it remains Sri Lanka's first 100% carbon-neutral bank, balancing digital transformation with environmental goals. • International Footprint Operations in Bangladesh, Maldives, Myanmar, and Dubai continue to drive performance, with the Bangladesh division maintaining exceptionally low non-performing loan (NPL) ratios.

Listen to this article

Duration: 1:30