Hatton National Bank PLC (HNB) walked away with the prestigious Gold Award and the Cyril Gardiner Memorial Trophy for Excellence in Annual Financial Reporting at the 45th Annual Report Awards 2009 presented by the Institute of Chartered Accountants of Sri Lanka (ICASL) held on 25th November 2009 at the Cinnamon Grand Hotel.

HNB also won the Gold Award and the Edmond J Cooray Trophy for the “Best Presented Annual Report in the Banking Sector” and the Silver Award for “Best Presentation of the Management Discussion & Analysis”.

The Annual Report Awards was introduced by the ICASL to recognize and encourage transparency in financial reporting and to enhance reporting standards in line with global best practices. Launched in 1964 the event has evolved into being the most prestigious recognition for an organization and much coveted by the business community.

Winners are selected based on stringent selection criteria by an eminent panel of judges from leading professional institutions and public bodies in the country. The selection criteria include Reporting of Financial and Business Performance, Compliance with Accounting Standards, Legal Requirements, Corporate Governance, Corporate Social Responsibility, timeliness, clarity and consistency.

“We are deeply honoured by this recognition which is a good testament of the Bank’s commitment for maintaining the highest standards, transparent reporting and good governance” said Mr Rajendra Theagarajah, Managing Director/CEO in his statement.