"Triumph in Reporting Excellence: NDB Clinches Dual Honors at CMA Excellence in Integrated Reporting Awards 2023

NDB's 2022 Annual Report, titled 'Responsive Banking,' has achieved dual distinctions at the CMA Excellence in Integrated Reporting Awards 2023, held at the Taj Samudra in Colombo. The prestigious ceremony, which unfolded on October 6, is a significant event in Sri Lanka's financial and commercial sectors. Organized by the Institute of Certified Management Accountants of Sri Lanka (CMA Sri Lanka), this annual competition, established under Act of Parliament No. 23 of 2009, spotlighted NDB's outstanding achievements.

Securing the coveted title of 'Winner for the Ten Best Integrated Reports' across all sectors, NDB also proudly claimed the title of Best Integrated Report in the Banking Sector for the fifth consecutive year. Suvendrini Muthukumarana, NDB's CFO/Vice President, underscored the institution's unwavering commitment to top-tier corporate reporting, encompassing both financial and non-financial dimensions. Emphasizing their dedication, she stated, 'We recognize that a diverse array of stakeholders, particularly shareholders and analysts, heavily rely on annual reports to access transparent and precise information. Our core mission revolves around catering to the information needs of these esteemed stakeholders through reports that are not only easily comprehensible but also pertinent and substantive.'

These accolades affirm NDB's consistent commitment to delivering exemplary banking services, despite formidable challenges faced within the sector and the nation. The awards underscore the bank's dedication to clear, concise, and impactful reporting, aligning closely with the IIRC reporting framework. NDB's unwavering adherence to core values of integrity, excellence, and accountability is vividly reflected in this consistent recognition of excellence."

"In conclusion, NDB's resounding success at the CMA Excellence in Integrated Reporting Awards 2023 is a testament to its unwavering commitment to excellence in corporate reporting. The dual honors, recognizing the 'Ten Best Integrated Reports' and Best Integrated Report in the Banking Sector for the fifth consecutive year, underscore NDB's exceptional achievements in delivering transparent and precise information.

Suvendrini Muthukumarana, NDB's CFO/Vice President, articulated the institution's dedication to meeting the information needs of stakeholders through easily comprehensible and substantive reports. This commitment reflects not only a commitment to financial transparency but also a broader understanding of the diverse array of stakeholders who rely on the reports for valuable insights.

NDB's consistent success in delivering exemplary banking services, coupled with its dedication to reporting in alignment with the IIRC framework, reinforces its position as a leader in the financial sector. These accolades stand as a beacon of the bank's enduring values of integrity, excellence, and accountability, providing a testament to its unwavering journey of continuous progress in the face of challenges."