The ultimate testament to the effectiveness of our transformation strategy was the demonstration of customer confidence in CDB when customers generated Rs.130 Mn worth of deposits at the ceremonial opening of the new head office, way back, on 18th June 2009.
The CDB brand was also ranked 51st amongst the Most Valuable 100 Listed Brands in the Colombo Stock Exchange by Brand Finance for the year 2010/11, and going forward, our positioning improved to 50th in the year 2012/13 and 52nd thereafter for the year under review. Noteworthy is that CDB was placed fifth largest in the non-banking financial institutions category, indicating signs of a company that has re-emerged as one of the strongest in the industry.
Exceptional performance and consistent growth momentum also enabled CDB in securing the Gold Award at the National Business Excellence Awards 2011/12, organised by the National Chamber of Commerce of Sri Lanka.
In addition we clinched the bronze award at the coveted 49th Annual Report Awards 2013 Organised by the Institute of Chartered Accountants of Sri Lanka.
For the commitment CDB has shown for development of its people, it won the Bronze award for People Development at the First SLITAD People Development Awards in Sri Lanka, organised by the Sri Lanka Institute of Training and Development
We were also successful in securing Merit Awards, both at the National Business Excellence Awards 2013 for the Specialised Banking & Financial Services Sector and at the Business Case Awards 2013 organized by the Chartered Institute of Management Accountants UK.
Our Annual Report for the financial year 2012/13 won the Silver Award at the ‘2012 Vision Awards’ organised by the League of American Communications Professionals (LACP) and was also ranked in the regional (Asia Pacific) top 50 honours and awarded top national honours as well.
CDB was also recently honoured with the prestigious Award for Branding & Marketing Excellence at the fourth CMO Asia Awards, hosted by the World Brand Congress held in Singapore.
These accolades testify strongly to the success of CDB’s transformation and re-emergence as an even stronger entity in the financial services sector of Sri Lanka - an outcome few could have envisaged back in 2008.
Continuing this sustained growth momentum, we recorded exceptional all-round financial performance during the year. Profit-after-tax posted Rs. 561 Mn while Revenue surpassed over 6 Bn. Total assets were Rs. 34 Bn as at the year end.
All of these assuredly place us in a position of sound financial stability, showcasing that our fundamentals are strong, while governance, ethics and principles are uncompromising. The impressive financial results this year simply underscore that we are on the right path, have instituted apt strategies and possess the right systems and processes to take the Company forward.