The South Asian Federation of Accountants (SAFA), an apex body of SAARC, has awarded BRAC Bank Limited with the SAFA Best Presented Annual Report Award in Private Sector Bank and also recognized as overall winner in 2018 amongst all participants from South Asian countries.
This is an outstanding achievement for BRAC Bank as the bank has secured this prestigious SAFA Best Presented Annual Report Award three years in a row. This came on the heels of BRAC Bank’s winning the SAFA laurels for Best Presented Annual Report in Kathmandu and Pune for the year 2016 and 2017 respectively.
BRAC Bank outshone its South Asia counterparts in India, Sri Lanka, Pakistan, Nepal, the Maldives, Bhutan and Afghanistan in winning the corporate disclosure award. In addition, SAFA also awarded Certificate of Merit under the Category of Integrated Reporting at the same award night.
BRAC Bank also got awards for the second Position both in Banking Sector (Private) and in Integrated Reporting categories from the Institute of Chartered Accountants of Bangladesh (ICAB) for the Annual Report 2018.
Selim R.F. Hussain, Managing Director & CEO, and Mohammod Masud Rana FCA, Deputy Managing Director & CFO; BRAC Bank Limited, formally received the five awards from Tipu Munshi MP, Commerce Minister of Bangladesh, at SAFA International Conference 2019 held in Pan Pacific Sonargoan Hotel in Dhaka on November 30, 2019.
On winning the award, Selim R. F. Hussain said: “It is indeed a great achievement for BRAC Bank to receive five awards in a single award event of such stature as SAFA which is a reflection of our strong corporate governance, transparency, ethics and compliance. These recognitions by SAFA and ICAB will inspire us to attain a greater level in corporate governance and adopting international accounting standard and help us towards becoming the ‘Best Bank’ in the country. We gratefully recognize the bank’s valued clientele and stakeholders for their continued patronage and confidence in the organization”.
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