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Press release

Com Bank named SL's Best Bank by Global Finance (2014-03-26 )

The Commercial Bank of Ceylon has been rated the Best Bank in Sri Lanka by Global Finance,on of the world's leading publications serving the international community.This benchmark ranking published annualy by Global Finance for 21 years,names Commercial Bank among the best emerging markets banks in 30 countries in the Asia Pacific region in 2014,reaffirming the Bank's consistent country-leading performance.Ranked alongside Commercial Bank as the best banks in 2014 in their respective countries are China Merchants Bank (China),HDFC Bank(India),Shinhan Financial Group(South Korea),Public Bank(Malaysia),Standard Chartered Bank(Nepal),Siam Commercial Bank(Thailand),and Bank Central Asia(Indonesia).Criteria for choosing the winners included growth in assets ,profitability,strategic relationships,customer service,competitive pricing and innovative products.In addition for the first time a poll of Global Finance's corporate readership was conducted in order to increase the accuracy and reliablity of the results."In the financial services sector in particular,consistency of performance is of paramount importance"Commercial Bank's Managing Director/CEO Ravi Dias said. Global Finance publisher and Editorial Director Jospeh D. Giarraputo said:"Faced with slowing growth and volatile markets,these banks are star performers under increasingly challenging conditions.The banks that Global Finance is honouring may not be the largest or oldest ,but they are the best at targeting their products and offering to the specific markets they serve.The Global Finance exclusive Best Banks survey is to be published in the magazine's May 2014 issue.The World's Best Banks 2014 Awards Ceremony will be held at the same time as the IMF/World Bank Annual Meetings,on Saturday October 11,2014 at the National Press Club in Washington DC.