ComBank wins 5 awards at world’s “Oscars” for best annual reports

The 2022 Annual Report of the Commercial Bank of Ceylon has 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 & 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.’

The ARC Awards competition is unique in that each annual report is judged against itself, based on its success in communicating its company’s story. 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.

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.”