(MENAFN - Bangladesh Monitor) Dhaka: The South Asian Federation of Accountants (SAFA), an apex body of SAARC, awarded BRAC Bank Limited with the SAFA Best Presented Annual Report Awards for Corporate Governance Disclosures.
Chowdhury Akhtar Asif, Deputy Managing Director and CRO, and Mohammad Abdul Ohab Miah FCA, Chief Financial Officer (Current Charge); BRAC Bank Limited, formally received the award at annual SAFA Best Presented Annual Report and SAARC Anniversary Awards Ceremony in Pune, India on January 22, 2019.
The bank has been able to secure this award two years in a row.
BRAC Bank Limited won the corporate disclosure award in the South Asia outshining counterparts in India, Sri Lanka, Pakistan, Nepal, the Maldives, Bhutan and Afghanistan in the Private Sector Banks Category (Including Co-operative Banks).
This award has been conferred on BRAC Bank Limited on the basis of evaluation administered by SAFA's Committee for Implementation in Transparency, Accountability and Governance.
On winning the award, Selim R. F. Hussain, Managing Director and CEO, BRAC Bank, said, 'Over the past few years, BRAC Bank has won a number of prestigious awards locally and internationally achieving new milestones in the banking industry. The Bank's success reflects the collective effort and passion of the bank's 7,000 employees!'
He further added, 'At BRAC Bank, governance, compliance, ethics and transparency are the cornerstones of our business model. This recognition from SAFA for two consecutive years is another acknowledgement of our successful journey towards becoming the 'Best Bank' in the country. We gratefully recognise the bank's valued clientele and stakeholders for their continued patronage and confidence in the organization.'