Seylan Bank PLC, the bank with a heart, reaffirmed its position as one of the strongest business entities in the country by securing the 20th place in the latest edition of the LMD 100 ranking of Sri Lanka’s leading listed companies. Seylan Bank moved up three places from last year’s ranking of 23rd place, after a solid performance in 2019/2020.
LMD’s Top 100 rankings of 2020 has been compiled following a stringent evaluations of listed companies in Sri Lanka, based on information contained in the annual reports of the companies and the Colombo Stock Exchange Daily Report.
The LMD 100 recognizes entities for ranking based on profitability together with assets, shareholders’ funds and market capitalization.
Commenting on this recognition, Kapila Ariyaratne, Director / Chief Executive Officer, Seylan Bank said: “In this challenging economic environment, the banking sector faces a number of challenges and the ever-quickening pace of technological change demands continuous innovation. Moving up the coveted LMD 100 rankings is a convincing reminder of our ability to perform even in difficult times. As we emerge stronger than ever in the post-pandemic new normal, our main focus will remain to be customer centric, we will continue to provide our customers a service that revolves around convenience and safety despite the uncertain times ahead.”
Despite the challenging rollercoaster ride corporates have travelled due to the COVID-19 pandemic, the “Bank with a Heart” has managed to stay ahead ensuring its presence among the elite with its unwavering effort and stability. Seylan Bank’s strong financial performance and ability to introduce novel technology-enabled capabilities, products and services contributed in securing top ranking in the most recent edition of the LMD 100.