16 February 2024 12:00 am
National Development Bank PLC (NDB) proudly emerged victorious at TAGS Awards 2023, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), securing the Silver award in the Private Bank category for its outstanding 2022 annual report titled ‘Responsive Banking’.
Additionally, the bank distinguished itself by securing the Bronze award for Corporate Governance Disclosures, underscoring its robust governance processes. The TAGS Awards programme, designed to recognise excellence in transparency, accountability, governance and sustainability, is conducted in collaboration with the Colombo Stock Exchange. The awards programme serves to emphasise the importance of elevating transparency in companies producing annual reports by honouring numerous leading corporations, multinationals, SMEs and non-profit organisations commitment to producing outstanding annual corporate reports.
Commenting on this achievement, NDB CEO Dimantha Seveniratne stated, “These esteemed awards reaffirm NDB’s unwavering dedication to excellence. Our annual report serves as a crucial tool for connecting with stakeholders, creating value and empowering them to formulate informed decisions for the future. Prioritising transparency, accountability, governance and sustainability in our reporting, we strive to ensure alignment with global standards as well as meet the evolving needs of stakeholders. We earnestly hope that, aligned with CA Sri Lanka and the TAGS Awards, the country will continue to spur profound enhancements in corporate reporting, contributing to the growth of capital markets and fostering trust and ethical conduct within the country.