NDB emerges as unbeaten Gold Winner at CFA Sri Lanka Capital Market Awards 2019

Accepting the award on behalf of NDB – Vice President Finance Suvendrini Muthukumarana and Manager Finance Kumudari Peiris

National Development Bank PLC (NDB) emerged as the Gold awardee for Best Investor Relations at the recently concluded CFA Sri Lanka Capital Market Awards 2019, for the fourth consecutive year. This is the seventh year that CFA Sri Lanka hosted  this awards program, and NDB is the only corporate to have secured the gold prize in any one category for four years in a row. 

The Capital Market Awards conducted by the CFA Society Sri Lanka this year recognised best practices in investor relations, stockbroking research, unit trust fund management, equity research and sector analysis reports. The event which was held on 20 June at the Cinnamon Grand Colombo saw organisations and analysts being recognised for their efforts in these categories with gold, silver and bronze awards. 

The objective of the best investor relations category of the awards program was to recognise companies that practice active investor relations to communicate interactively with the investor community and to encourage best practices in investor relations. The process for selecting winners included shortlisting companies on the strength of investor relations practices and responsiveness. 

A user group comprising analysts from stockbroking firms, fund managers and institutional investors were surveyed to rank the best of these 16 short listed companies. The main evaluation criteria in shortlisting and selecting winners were accessibility of management, quality, transparency and fairness in disclosures and consistency of the investor relations function in all conditions. 

The judges observed an increasing number of listed companies displaying improved investor practices such as hosting post earnings calls/analysts briefing on a consistent basis, providing slide decks analysing the results, and active investor relations web pages making available presentations and transcripts of post earnings investor calls as positive practices amongst corporates, all of which are practiced by NDB.

NDB conducts dedicated investor relations with robust internal processes and dedicated resources to ensure that we add value to our shareholders and other related stakeholders in a meaningful manner. The bank’s investor relations are based on well-scheduled events, dissemination of quality information and equal treatment to all participants, often with top management participation.