LB Finance clinches five accolades at CASL Annual Report Awards | Sunday Observer

LB Finance clinches five accolades at CASL Annual Report Awards

LB Finance was ranked among the top three brands in Sri Lanka for Excellence and bagged Gold for the third consecutive year in the Finance and Leasing Companies sector in Annual Financial Reporting for 2019 at the 55th Annual Report Awards conducted by the Institute of Chartered Accountants of Sri Lanka (CASL) recently.

LB Finance clinched two Gold Awards, one Silver Award and two Bronze Awards. The ceremony was held at the Shangri-La Hotel, Colombo.

LB Finance won the Bronze Award in the Overall Excellence category for the first time gaining advantage among many nominees and won the Gold Award in the Finance and Leasing companies’ category for the third consecutive year.

The company also won the Gold Award for Integrated Reporting: Best Disclosure on Capital Management, overall Silver Award for Corporate Social Responsibility and Overall Bronze Award for Management Commentary.Managing Director, LB Finance, Sumith Adhihetty said, “These five awards are a tribute to our consistent commitment to upholding responsible business practices, good governance, transparency and our dedication towards sustainable growth through serving the community. “Winning the Overall Excellence Bronze and sector Gold Award in particular is a great achievement. The CA Sri Lanka Annual Report Awards provides a robust platform for Sri Lankan organizations to pursue excellence in all areas of business operations and be committed to sustainability and transparency. Consequently, this recognition honors us and acts as a point of encouragement to continue our corporate quest to create value for all our stakeholders and the community through striving for sustainable growth.

“In line with our vision to continuously improve business processes and increase transparency, we are planning to invest heavily in developing our technological capabilities. Developing more efficient and technology-based systems will enable us to tap into emerging markets in the ever-evolving financial service industry as well,” he said.