The Commercial Bank of Ceylon has been named the ‘Best Bank in Sri Lanka’ by Global Finance magazine for an unprecedented 23rd year.
The award is part of the magazine’s World's Best Banks 2025 list, covering nearly 150 countries, including 28 in the Asia Pacific region. ComBank appears alongside regional giants like CBA (Australia), HSBC (Hong Kong), DBS (Singapore), and SBI (India).
“AI is reshaping the financial sector at a remarkable pace,” said Global Finance founder Joseph D. Giarraputo. “Our awards honour institutions excelling in offerings, stability, and innovation.”
ComBank CEO Sanath Manatunge said the past year marked “transformative success” despite debt restructuring and political challenges. He cited a Rs 22.54 billion rights issue, a strong debenture issue, and 115 awards won across various domains, including sustainability and SME support.
ComBank is Sri Lanka’s largest private sector bank, with assets of Rs 2.876 trillion, deposits of Rs 2.31 trillion, and loans of Rs 1.53 trillion as of December 2024. It leads in market share among private banks across deposits, loans, and capital.
Global Finance selected winners based on both objective factors—such as asset growth, profitability, and innovation—and expert opinion from analysts and consultants. The awards ceremony will be held during the IMF/World Bank meetings in Washington DC on October 18, 2025.
Founded in 1987, Global Finance has readers in 188 countries and a circulation of 50,000. It is headquartered in New York with offices in London and Milan.
ComBank is the first Sri Lankan bank listed among the Top 1000 Banks of the World and holds the highest market cap on the Colombo Stock Exchange. It also leads in SME lending, is carbon neutral, and has a strong international presence with operations in Bangladesh, Myanmar, and the Maldives.
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