DFCC's Annual Report clinches Grand award

DFCC Bank won six awards, a Gold, a Silver, three Bronzes and one Honours, and the Grand Award for the Best Country Report at one of the world's largest annual report competitions conducted in New York, USA recently.

The 27th ARC Awards this year received a record 2,260 entries from 34 countries while Reports from almost all top companies in Sri Lanka had been entered for the competition.

"Popularly dubbed as the Academy Awards of the annual report world, the ARCs are appreciated for their independence, integrity and international perspective and is perhaps the most prestigious of annual report competition the world over," a spokesman for the bank said.

DFCC Bank's Annual Report, produced by SMART Media and supplemented with photography by Laxshman Nadarajah, at first glance gives the impression of a cover for a cookery book. This unique approach to the theme of 'Developmental by Design', which emphasised DFCC's development banking role likened to spices that add flavor to a wide menu of universal banking products and services under one roof, won DFCC the Gold award for the cover. The theme was encapsulated in the opening note as, 'Imagine banking without a developmental flavour... much like food without spice'.

"This year's report is in line with global trends and new financial and sustainability reporting requirements. The 2012/13 report, for the first time adopted the International Financial Reporting Standards (IFRS) and as an integrated reporting style, which examines the inter-relationship between the Bank's strategy, governance, performance and prospects that lead to the creation of value to all stakeholders - shareholders, customers, business partners, employees community and the Government," the spokesman said.