The criteria used for the rankings are: Sales turnover, Growth in sales turnover, Profitability, Growth in profitability, Return on equity, Earnings per share, value added per employee, Market capitalization, value of shares transacted, value addition, social responsibility, quality of product or services and there has been a new addition this year that is Employee of choice.
Commenting on Commercial Bank's performance, Business Today states "What a year was for Commercial Bank the number 1 in the Business today Top 10 list it strengthen its position as Sri Lanka's best managed bank. So far Commercial Bank has been quicker to master the technology and deliver services in the most consumer friendly way. Commercial Bank last year was ranked number 4 and therefore its movement to the top of the list is a credit to its unassuming management team. Commercial Bank unlike any other bank in the top 10 has a well balanced loan portfolio and a client base and that has contributed to the banks strong financial performance. Commercial Bank enjoys an unrivalled reputation among banks for its IT powers and ever reliable ATM network around the Country."
Further Business Today states "In today's tough business environment, admirable qualities like leadership innovation and corporate governance are more important than ever. Therefore the rankings is a reflection of the qualities and attributes that have to be accepted by people advocating good management practices in the Sri Lankan Corporate Sector.
.......................................................................................................................................................................................
Rank and Points Comparison |
|
Rank |
Company |
Points |
00 / 01 |
99 / 00 |
|
00 / 01 |
99 / 00 |
| 1 |
4 |
Commercial Bank of Ceylon Ltd. |
6.17 |
4.68 |
| 2 |
9 |
Hayleys |
5.81 |
3.38 |
| 3 |
7 |
Ceylon Tobacco Company |
5.50 |
3.69 |
| 4 |
1 |
John Keells Holdings |
5.47 |
6.77 |
| 5 |
3 |
Hatton National Bank |
4.78 |
4.99 |
| 6 |
5 |
Distillers Company of Sri Lanka |
4.77 |
4.34 |
| 7 |
2 |
National Development Bank |
3.52 |
5.08 |
| 8 |
6 |
Caltex Lubricants Lanka |
3.21 |
4.24 |
| 9 |
8 |
Nestle Lanka |
2.73 |
3.46 |
| 10 |
10 |
DFCC Bank |
2.43 |
2.60 |
.......................................................................................................................................................................................
|
|
Adopted Criteria
|
|
Criteria |
CBC |
HAYLEYS |
CTC |
JKH |
HNB |
DCSL |
NDB |
CALTEX |
NESTLE |
DFCC |
| Sales Turnover |
5 |
2 |
- |
1 |
3 |
8 |
6 |
- |
7 |
- |
| Growth in Sales Turnover |
3 |
- |
- |
- |
4 |
- |
- |
6 |
5 |
- |
| Profitability |
3 |
1 |
4 |
2 |
5 |
6 |
9 |
8 |
- |
7 |
| Growth in Profitability |
8 |
4 |
- |
- |
- |
9 |
- |
- |
- |
- |
| Return on Equity |
8 |
- |
3 |
- |
- |
5 |
- |
2 |
- |
- |
| Earnings per Share |
1 |
4 |
- |
- |
7 |
- |
8 |
2 |
- |
3 |
| Value Added per Employee |
7 |
- |
1 |
- |
10 |
2 |
3 |
4 |
- |
- |
Market Capitalization
(as at 31/12/2000) |
4 |
5 |
2 |
1 |
7 |
- |
8 |
- |
3 |
6 |
| Value of Transactions |
10 |
8 |
- |
1 |
- |
- |
4 |
- |
- |
3 |
| Value Addition |
6 |
4 |
1 |
3 |
5 |
2 |
9 |
- |
- |
- |
| Social Responsibility |
- |
- |
5 |
4 |
2 |
- |
3 |
9 |
10 |
- |
| Quality of Products or Services |
1 |
- |
2 |
5 |
4 |
7 |
8 |
6 |
3 |
- |
| Employer of Choice |
4 |
9 |
1 |
6 |
5 |
- |
2 |
3 |
- |
7 |
|
|
|
|
