LB Finance wins ‘Overall Excellence’ at Annual Report Awards
View(s):LB Finance was ranked among the top three brands in Sri Lanka for ‘Excellence’ and bagged gold for the third consecutive year in the Finance and Leasing Companies sector in Annual Financial Reporting for 2019 at the 55th Annual Report Awards conducted by CA Sri Lanka.
With the awards.
LB Finance clinched two coveted gold awards, the silver award and two bronze awards at the 55th CA Sri Lanka Annual Report Awards Competition held recently at Shangri-La Hotel, Colombo.
In a media release, LB Finance said it won the bronze in the Overall Excellence category for the first time gaining advantage among many nominees and won the gold in the Finance and Leasing companies’ category for the third consecutive year. The company also won the gold for Integrated Reporting: Best Disclosure on Capital Management, overall silver for Corporate Social Responsibility and overall bronze for Management Commentary.
“These five awards are a tribute to our consistent commitment to upholding responsible business practices, good governance, transparency and our dedication towards sustainable growth through serving the community. Winning the Overall Excellence bronze and sector gold in particular is a great achievement. The CA Sri Lanka Annual Report Awards provides a robust platform for Sri Lankan organisations to pursue excellence in all areas of business operations and be committed to sustainability and transparency. Consequently, this recognition honours us and acts as a point of encouragement to continue our corporate quest to create value for all our stakeholders and the community through striving for sustainable growth,” said Sumith Adhihetty, Managing Director, LB Finance PLC.
LB Finance said it remains committed to understanding the financial requirements of the country and continues to raise the standards of the industry. “Whether it is in the introduction of new products or introducing innovative ways of presenting the Annual Reports, LB Finance believes in going the extra mile. The video format of the annual report was one such innovation for this year. The company has been well-suited to understand the pulse of the people and to forecast where the country heads with its trusted history of 49 years. Initiating innovations, flexibility and care for its services are the chief aspects which elevate the company to greater heights with awards and recognitions by honours,” the release said.