The Industrial Bank of Ceylon has moved to the highest of the ‘Business Today Top 30’ rating of the nation’s best-performing corporations in 2019-20, main a veritable pantheon of the who’s who of company Sri Lanka.
Industrial Bank’s return to the No 1 place on this prestigious rating follows 12 consecutive years of being ranked among the many high 5, most of them because the second positioned company entity.
Enterprise In the present day assigned Industrial Bank of Ceylon PLC complete rating of 27.6 on a scorecard that ranged from 4.Four for the 30th ranked firm to 26.95 for the corporate positioned second on this newest version of the rating, launched in November 2020.
“We are naturally elated to be back at the top of the Business Today ranking in a year that threw up a fair share of challenges, even before the start of the global pandemic,” Industrial Bank Managing Director S. Renganathan mentioned. “Adversity is the best test of corporate mettle, and we dedicate this achievement to the entire Commercial Bank team, which continues to rise to unprecedented challenges this year, as the impact of the pandemic makes itself felt.”
Commenting on the rating, Enterprise In the present day mentioned: “Business Today TOP 30 2019-2020 sees movements in the ranking with seasoned players securing a position in the ranking as well as the entrance of companies for the first time into the list. In a challenging environment such as today, it is indeed encouraging to see new players making their mark in the corporate world.”
The journal mentioned Industrial Bank of Ceylon has constantly been within the Enterprise In the present day high company rating at numerous positions over time sustaining its consistency in efficiency as the most important personal sector bank in Sri Lanka. “The strength, aptitude and experience of Dharma Dheerasinghe, chairman and the astute and forward thinking leadership of S. Renganathan, CEO have driven Commercial Bank of Ceylon to greater heights with considerable growth,” it mentioned.
The Enterprise In the present day TOP 30 relies on revealed info of corporations listed within the Colombo Stock Alternate (CSE) and social issues. The businesses have been chosen on the premise of their efficiency recorded throughout the monetary yr ending December 31, 2019 and March 31, 2020 with the help of KPMG Sri Lanka.