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  1. News
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  3. Business

2 sources·Updated 36m ago

Fitch upgrades ComBank to ‘AA(lka),’ as Lanka’s highest-rated private bank

Fitch Ratings has upgraded Commercial Bank of Ceylon PLC's National Long-Term Rating to 'AA(lka)' from 'AA-(lka),' effective 30th Octobe…

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Full coverage

  • Hiru News - English·36m agoFitch upgrades ComBank to ‘AA(lka),’ as Lanka’s highest-rated private bank
  • Ada Derana Biz·1h agoFitch upgrades ComBank to 'AA(lka),' reaffirming its position as Sri Lanka's highest-rated private bank

Summary

Fitch's assessment recognises Commercial Bank's longstanding position as Sri Lanka's largest private-sector bank, its sustained advantages in business generation and funding, and its optimised cost of funds relative to other large private-sector banks. "Any rating upgrade of this nature is significant for stakeholders," Sharhan Muhseen, Chairman of Commercial Bank noted.

Summarised from Hiru News - English

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  • Sharhan Muhseen·
  • S. Manatunge
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  • Commercial Bank of Ceylon PLC·
  • Commercial Ba
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  • Sri Lanka

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First reported
Nov 9, 11:08 AM
Latest update
Nov 9, 11:42 AM

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