Management Discussion and Analysis
Awards and Accolades
The Bank continued to be recognised through an array of awards and accolades both internationally and locally during the year. Listed below are significant awards and accolades received by the Bank in 2012.
International awards
- Selected as one of the 'Top 1000 Banks in the World' by 'the Banker' magazine for the second consecutive year. The Commercial Bank is the only Sri Lankan Bank to receive this prestigious recognition three times; the first being in 2008
- 'Best Bank in Sri Lanka' by the 'Global Finance' Magazine (USA) for the 14th consecutive year
- Best Bank Award by 'Euro Money'
- 'Sri Lanka's Best Bank in 2012' by the 'Finance Asia' Magazine
- 'Best Sri Lankan Trade Bank' by the 'Trade Finance' Magazine
- 'Most Productive Network in South Asia in 2011' by 'MoneyGram'
Local Awards
- 'Honoured Citizen 2012' by the Municipal Council of Colombo in recognition of the valuable contribution towards city development, making payments of Municipal Rates and Taxes on time during the past five years.
- Gold award for ''Best CSR Project Award 2012 - Education'' hosted by the Ceylon Chamber of Commerce of Sri Lanka
- The Bank's Annual Report 2011 won the following awards at the Annual Reports Awards Competition organized by The Institute of Chartered Accountants of Sri Lanka
- Gold award in the Banking Institutions category for Excellence in Annual Financial Reporting
- Bronze award (Joint) in the Overall category
- Silver award for Corporate Governance Disclosures
- Gold award at 'National HRM Awards' presented by the Association of Human Resource Professionals
- The Bank with the Highest Growth' in 'High Volume Bank Category' among the Banks using the Sri Lanka Inter Bank Payment System (SLIPS) in 2011-12 by the Lanka Clear (Pvt) Ltd
See a snapshot of the awards and accolades won by the Bank during the past decade..