Sampath Bank gains double international recognition at Euromoney Excellence Awards 2016 and World Fi

From left: Euromoney Editor Clive Horwood, Sampath Bank MD Aravinda Perera, Sampath Bank Chief Operating Officer Nanda Fernando and Euromoney Asia Editor Chris Wright

Trail-blazing through the banking industry of Sri Lanka, Sampath Bank was recently bestowed with two prestigious international awards for its proficiencies in a wide array of facets within the banking industry of Sri Lanka. 

Recognised by The Euromoney as ‘Sri Lanka’s Best Bank 2016’ and by World Finance as ‘The Best Retail and Commercial Bank in Sri Lanka 2016’’, this double recognition elevates Sampath Bank on to a higher pedestal; standing as a monument of excellence in the banking industry of Sri Lanka.

The award for Sri Lanka’s Best Bank 2016 was received by Managing Director Aravinda Perera and Chief Operating Officer Nanda Fernando from Sampath Bank PLC at the Euromoney Excellence Awards Ceremony 2016 held in Island Shangri-La hotel, Hong Kong on 14 June.

It is for the third consecutive year that the Sampath Bank has proved its outstanding performance by being recognised as the ‘Best Commercial Bank 2016’ and ‘Best Retail Bank 2016’ in Sri Lanka for the third consecutive year by the renowned UK-based World Finance Magazine, in addition to bagging the coveted award for ‘Sri Lanka’s Best Bank 2016’ by Euromoney. 

‘Euromoney’s Awards for Excellence 2016’ covers more than 25 global award categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world. The awarding body recognises the top performing financial institutions in leadership, innovation, and momentum in respective countries. 

An in-depth analysis of quantitative and qualitative data, business transactions, management, credit ratings, efficiency ratios and key annual performance indicators are the basic criteria for the award. The Magazine’s long standing reputation and stringent selection process have earned credibility and wide acceptance of the award.

The World Finance Banking Awards is greatly renowned throughout the financial press as the pinnacle of recognition for major banks. World Finance is a bi-monthly print and online magazine providing comprehensive coverage and analysis of the financial industry, international business and the global economy. 

The World Finance Award recognises banks of excellence, using a wide ranged criteria which includes, overall performance, financial ratios, variety and clarity of products and services, corporate governance, alternative financial products offering, parallel market interaction and competitive strategy.

Sampath Bank was also the recipient of ‘The Best Managed Bank Award 2016’ and ‘The CEO Leadership Achievement Award 2016’ at the recently held Asia Banker Leadership Achievement Awards Programme in Vietnam. Furthermore, Sampath Bank also clutched the critically acclaimed award for the year 2015 with ‘The Banker of the Year Award ’presented by The Banker Magazine of Financial Times, London.

As such, this achievement  is yet another recognition of Sampath Bank’s outstanding performances as a truly local bank, and it is justification of the bank’s  differentiated efforts and commitment towards identifying the dynamic needs of customers and stakeholders alike, positioning the bank as a driving force behind the success of their stakeholders.