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...