People’s Bank, only Sri Lankan bank to secure Gold at Int’l ARC Awards 2023

People’s Bank’s Annual Report 2022, titled Creating a Legacy of Caring for Generations to Come, won five awards at the recently held International ARC Awards 2023. 

With a history spanning over 30 years and an annual application pool of over 1,600 applications from over 90 countries, the ARC Awards are widely known as the Oscars for Annual Reports by the international financial community. The accolades received by the bank were across several categories and most notably, it was the only licensed bank from Sri Lanka to win a Gold at this year’s event.

Commenting on the award, the bank’s Chairman Sujeewa Rajapakse stated, “The awards are a testament to the bank’s remarkable ability to seamlessly merge financial transparency with creative storytelling. This annual report goes beyond figures, encapsulating the bank’s strategic direction, accomplishments and dedication to stakeholders in a captivating narrative covering both quantitative and qualitative aspects of its business. Over the last several years, the bank has repeatedly been recognised for adopting and maintaining the highest international standards in corporate reporting via its annual reports, which have won many prestigious awards both locally and internationally.” 

The bank’s Chief Executive Officer/General Manager Clive Fonseka on the recognitions stated, “We are tremendously proud to be the only Sri Lankan bank to secure a Gold across any category at this year’s event. This accomplishment testifies to our continuing pursuit of excellence in fostering open and transparent communication with all our stakeholders. The ARC Awards represent the pinnacle of recognition for exceptional achievements in corporate communications, annual reports and investor relations materials. This year’s event, in particular, saw an unparalleled level of competition, with submissions from many banking institutions globally. The recognition strengthens our resolve to keep pushing the boundaries of excellence and performance in all aspects of our business operations”

The bank’s Head of Finance Azzam A. Ahamat expressing his views stated, “The recognition is another feather in our journey of setting benchmarks in the space of integrated reporting. It attests to the bank’s success in providing financial and qualitative insight on a 360-degree basis and in a broad macro-context. Our Integrated Annual Report 2022 ultimately tells our story of struggle and triumph – in a year of unprecedented challenges and change – to support both the country and all the bank’s stakeholders in their time of severe distress. Additionally, in line with the need to consider sustainability in all its aspects, an increasing emphasis was placed on environmental, social, and governance factors. I thank all our stakeholders for their support in the most trying of circumstances”