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Sunday, 21 December 2008

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COMBank's Annual Report - best in South Asia for seventh time


Commercial Bank’s Chief Operating Officer Ravi Dias (right) receives the Platinum award from Indrajith Fernando, Advisor to SAFA and Jitesh Khosla, IAS Joint Secretary, Ministry of Corporate Affairs, Government of India.

The Commercial Bank of Ceylon has brought honour to the country by winning the Platinum award, as the joint overall winner at the prestigious Best Presented Accounts Awards of the South Asian Federation of Accountants (SAFA). The Bank has also confirmed its leadership in financial reporting in the region by winning the Gold award in the 'Banking' category at the awards ceremony.

The Annual Report of Commercial Bank has been 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 the Bank the most consistent winner of these awards in South Asia.

In addition to the SAFA awards, the Bank won the Joint Gold Award for 'Excellence in Annual Financial Reporting' at the recent Annual Report Awards presented by the Institute of Chartered Accountants of Sri Lanka (ICASL).

The Bank also won the Gold Award in the Banking Sector category and the Joint Silver award in the Management Commentary category at this prestigious awards ceremony.

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