Wins Bronze for Best Investor Relations at CFA Society Sri Lanka Capital Market Awards 2024
Sri Lanka's leading private sectorcommercial bank, HNB PLC, was honored with the prestigious Bronze Award for Best Investor Relations at the recently concluded CFA Society Sri Lanka Capital Market Awards 2024. The accolade underscores HNB'S unwavering commitment to fostering transparent and effective communication with the investor community, setting a benchmark for investor relations (IR) practices in the Country.
The Best Investor Relations Award recognizes companies that exemplify best practices in investor relations. This includes ensuring active engagement with the investor community and ensuring high standards of transparency, accessibility, and responsiveness. HNB was selected based on its exceptional IR practices, including the quality and fairness of disclosures, the consistency of its IR function across varying economic conditions, and the accessibility of its management team.
Expressing gratitude for the recognition, HNB AGM - Strategy, Priyankawijayaratnesaid: “Robust investor relations are fundamental to building trust and fostering longterm relationships with our stakeholders. We are deeply honored to receive the Bronze award for Best Investor Relations from the CFA Society Sri Lanka. This marks the fourth time HNB has been recognized by CFA Society Sri Lanka for best practices in investor relations and reaffirms our commitment to maintaining transparent and proactive communication with our investors and all stakeholders.”
The evaluation process for the award involved a comprehensive survey of analysts from stockbroking firms, fund managers, and institutional investors, who ranked companies based on various criteria, including the accessibility and responsiveness of the management, the quality, transparency, and fairness in disclosures, and the overall consistency of the IR function. The recognition from such a distinguished panel of judges is a testament to HNB’S dedication to upholding the highest standards in investor relations.
The bank’s efforts to ensure the availability of management for investor inquiries, the quality of its financial disclosures, and its proactive engagement during both positive and challenging economic conditions have contributed towards this recognition CFA Society Sri Lanka's judging panel also highlighted the increasing trend of companies like HNB making their analyst forums and briefings accessible online, thereby enhancing the reach and effectiveness of their investor communications.
Founded in 2001, CFA Society Sri Lanka is a notfor-profit organization supporting the professional development and advancement of CFA charter holders and candidates. It consists of a membership count of over 275 including CEOS, CFOS, portfolio managers, equity analysts, banking professionals, investment advisors, and other senior-ranking financial practitioners and over 300 candidates, mainly in the financial sector.
With 254 customer centres, HNB is one of Sri Lanka's largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance, and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon
Chamber of Commerce Best Corporate Citizen Awards. Other significant accolades include being adjudged the "Best Retail Bank in Sri Lanka" for the 14th occasion by the Asian Banker, being declared the "Best SME Bank" by Asiamoney Magazine, being awarded the Sri Lanka Technology Excellence Award for Robotics – Banking at the Asian Technology Excellence awards 2023, for integration of Robotic Process Automation in its Custody Banking and Trustee Services, as well as securing a Top 5 position on Business Today's Top 40 rankings for 2023.
HNB was ranked among Sri Lanka's Top 10 Most Admired companies in 2022 by the American Institute of Certified Public Accountants, Chartered Institute of Management Accountants, and the International Chamber of Commerce Sri Lanka. HNB was also recognized for its service excellence in trade services at the Euromoney Awards, taking home the prestigious titles of Best Market Leader in Trade Finance Services and Best Services Provider in Trade Finance Services
The Best Investor Relations Award recognizes companies that exemplify best practices in investor relations. This includes ensuring active engagement with the investor community and ensuring high standards of transparency, accessibility, and responsiveness. HNB was selected based on its exceptional IR practices, including the quality and fairness of disclosures, the consistency of its IR function across varying economic conditions, and the accessibility of its management team.