Commercial Bank’s Annual Report best in South Asia's financial sector for fifth year

The Commercial Bank of Ceylon continued its spectacular run of success at the ‘Best Presented Accounts Awards’ of the South Asian Federation of Accountants (SAFA) this year as well.

Winning the top award in the Financial Services category and the inaugural award for Corporate Governance Disclosures and emerging second runner in the overall award across all categories.

The Annual Report of Sri Lanka's benchmark private sector bank was adjudged the best among financial sector companies in the SAARC region every year since 2001, while its 2004 Annual Report was selected as the best across all categories in the region, making Commercial Bank the most consistent winner of such awards in South Asia.

Judging for the SAFA awards, began in August and involved the scrutiny of annual reports nominated by the apex accounting bodies in India, Pakistan, Bangladesh, Nepal and Sri Lanka.

The annual reports nominated by these bodies were judged in seven categories: Banking sector (subject to prudential supervision); non-banking financial sector (not subject to prudential supervision); manufacturing sector; communication and information technology sector; Hospitality, health, transport and shipping sector; Non-governmental Organizations (NGOs) and Public Sector Entities.