The Commercial Bank of Ceylon won two Golds, a Silver and a Bronze at CA Sri Lanka’s ‘TAGS’ Awards 2024.
Excelling in the four pillars recognised by the awards program – Transparency, Accountability, Governance, and Sustainability, Commercial Bank was presented the Gold for ‘Corporate Governance Disclosure’ in the Financial Services sector and the Gold for the Best Annual Report among the private sector banks. The Bank also won the Silver for ‘Digitally Transformative Reporting’ across all sectors, as well as the overall Bronze award for Excellence in Corporate Reporting.
Commercial Bank Managing Director/CEO Sanath Manatunge said, “Our consistent recognition at the CA Sri Lanka TAGS awards is extremely relevant to all stakeholders, because it ratifies the Bank’s commitment to Transparency, Accountability, Governance, and Sustainability in its financial reporting. “Every year, our business grows exponentially in size and complexity as global standards change and customer expectations rise. This requires changes and additions to the content we provide in our Annual Reports. These prestigious awards are an appropriate tribute to the professionalism and passion of our Annual Report team to ensure we always meet the highest local and global standards in financial reporting.”
Titled ‘In Context, Navigating storms together with conviction, courage and empathy’ the Commercial Bank’s 55th annual report presents comprehensive information on all aspects of performance and governance in respect of 2023. “This report effectively communicates the Bank’s efforts to create value for all its stakeholders across the short, medium and long-term though its business model, and identifies the emerging developments and trends that are likely to impact the business model and the value creating process,” the report’s preamble stated.
