The Commercial Bank of Ceylon has been adjudged ‘Best SME Bank’ and ‘Most Innovative Digital Bank’ in Sri Lanka in 2023, rounding off a year of prestigious international and local awards.
The latest accolades were presented to the Bank by Global Business Outlook (GBO), a leading UK-based information provider on critical events and developments in the business world. This is the fifth occasion that Commercial Bank has been honoured by Global Business Outlook.
The Best SME Bank award recognises the special emphasis that Commercial Bank has placed on lending to the SME sector in Sri Lanka, including digital initiatives to identify, evaluate, support and monitor SMEs, and the Bank’s status as the largest lender to the sector.
The Bank also continuously engages with its SME customers on many levels, helping to build knowledge and capacity and facilitating networking and access to local and international markets.
The award for Most Innovative Digital Bank recognises the digital leadership achieved by the Bank via its digital banking platform in terms of usage and features, the Bank’s popular mobile and social media banking apps as well as its leadership in digital payments, and the role the Bank plays in the digital transformation of the banking industry.
Global Business Outlook has a dedicated readership comprising C-suite management and directors of some of the world’s top companies across various sectors. The magazine provides comprehensive, detailed, factual and up-to-date coverage of Global Banking, Insurance, Brokerage, Islamic Finance, Hedge Funds, Brands, Energy, Hospitality, Real Estate Startups and emerging technologies such as Block chain and Internet of Things,and follows key market trends and winning business strategies from around the globe.
Sri Lanka’s first 100% carbon neutral bank and the first Sri Lankan bank to be listed among the Top 1000 Banks of the World, Commercial Bank operates a network of 271 branches and 964 automated machines in Sri Lanka, is the largest lender to Sri Lanka’s SME sector and a leader in digital innovation in the country’s Banking sector. Commercial Bank has the widest international footprint among Sri Lankan Banks, with 20 outlets in Bangladesh, a Microfinance company in Nay Pyi Taw, Myanmar, and a fully-fledged Tier I Bank with a majority stake in the Maldives.
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