Sri Lanka sees new award winners

2017 was a tough year for financial institutions in Sri Lanka. Despite the lean times, the award winners this year all demonstrated remarkable resilience in a weak market, with the outlook for 2018 looking brighter.

BEST BANK: COMMERCIAL BANK

All the reasons why Commercial Bank wins this award every year remain in place It is Sri Lanka’s best private sector bank: an accolade, a title equity market investors continue to bestow as well via a price-to-book valuation premium averaging 1 3 times its nearest competitor

Commercial Bank’s long-term strategy did not change much during 2017, but it continues to be extended and refined Consumer and SME both remain a big focus in a country where many of the biggest companies are still state-owned

Digitisation is also deepening, although the bank is still opening branches to catch up with big state-owned competitors like Bank of Ceylon and People’s Bank As a result,...

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