Clinches Prestigious Honors at CA Sri Lanka TAGS Awards 2023

National Development Bank PLC (NDB) proudly emerged victorious at the TAGS Awards 2023, organized 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.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the “Top 50 Best Workplaces in Sri Lanka 2022” by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.