“This is an award that any bank would be proud to have in its collection,” Commercial Bank Managing Director Mr S. Renganathan commented. Commercial Bank of Ceylon PLC is the largest private sector commercial bank, and the third largest bank overall in Sri Lanka in terms of total assets, which stood at Rs 1.736 trillion (USD 9.285 billion) as at the end of 2020. It is the only private sector bank that has been designated by the Central Bank of Sri Lanka as a higher-tier Domestic Systemically Important Bank (D-SIB). Notably, six of these products were groundbreaking firsts of their kind in Sri Lanka. Sri Lanka’s first wholly carbon neutral bank, the first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 11 years consecutively, Commercial Bank operates a network of 268 branches and 931 automated machines in Sri Lanka.

Source: The Nation July 14, 2021 11:37 UTC