This is the 21st occasion that Commercial Bank has won this title. The latest edition of Global Finance’s list of 28 Best Banks in Asia Pacific has placed Commercial Bank alongside popular banks in the region such as ANZ Bank - Australia, ICBC Bank - China, The Bank of East Asia - Hong Kong, The State Bank of India, ANZ New Zealand, and DBS Bank – Singapore, which were declared the best banks in their respective countries.

 The award-winning banks were those that attended carefully to their customers’ needs in difficult markets and accomplished strong results while laying the foundations for future success. Winning organisations managed their assets and liabilities in a savvy way considering the fast-changing interest rate scenarios, the magazine noted.

Award winners were selected by the editors of Global Finance after extensive consultations with corporate financial executives, bankers and banking consultants, and analysts throughout the world.

Commercial Bank Managing Director/Chief Executive Officer Sanath Manatunge said: “Although the economic impacts of the pandemic still lingered in 2022, the Bank began the year with the strength derived from a stable liquidity position, capital buffers, and prudent provision cover. These collectively gave the Bank a competitive advantage over peers which paved the way for it to accelerate its growth trajectory in 2022.”