ComBank wins five awards | Sunday Observer
MerComm ARC Awards 2023

ComBank wins five awards

10 September, 2023

The 2022 Annual Report of the Commercial Bank of Ceylon won five awards at the 2023 MerComm ARC Awards, the world’s largest annual report competition, widely considered the “Academy Awards of Annual Reports.”

The Bank won Silver in the ‘Integrated AR and CSR: Non-Traditional Format’ category as well as Silver for ‘Cover Design’ in addition to two Bronze awards for ‘Interior Design’ and ‘Illustrations’ and an Honours Award for ‘Written Text.’

Judging is based not on corporate profitability nor production, but on the values of creativity, clarity, effectiveness, and excellence as symbolised by the ARC Awards.

The Bank’s Managing Director/CEO Sanath Manatunge said, “Every year, we look at best disclosure practices around the world to fine tune it further to provide a deep insight into governance and performance. Winning ARC awards consistently demonstrates the success of these efforts and is a tribute to the team behind all the hard work.”

Commercial Bank’s 2022 Annual Report titled ‘In Context, Weathering a perfect storm’ was its 54th annual report and presented comprehensive information on all aspects of performance and governance in the backdrop of a series of events of great adversity, which the Bank said had combined to unleash a perfect storm in Sri Lanka.

The 2023 International ARC Awards presentation ceremony is to be held in New York later this year.