BRAC Bank wins 3 awards from ICAB

Staff Correspondent

3 December, 2020 12:00 AM printer

BRAC Bank wins 3 awards from ICAB

BRAC Bank has won three awards for its 2019 annual report. The announcement came at the 20th ICAB National Awards for Best Presented Annual Reports held in the capital recently, said a press release.

Each year, the Institute of Chartered Accountants of Bangladesh (ICAB) recognises annual reports to promote transparent reporting and adequate disclosures through the application of accounting or financial reporting and auditing standards.

This year, in its 20th award ceremony, ICAB awarded 23 organizations in 12 different categories, including private sector banks, financial services sector, manufacturing, communication and IT, insurance, public sector, NGOs, service sector, agriculture, integrated reporting, corporate governance and overall winner for their 2019 annual reports.

BRAC Bank won the first prize among the private sector banks category and shared the third position in both 'governance disclosure' and 'integrated reporting' categories.

A nine-member jury board reviewed the recommended list of the award winners.

Commerce Minister Tipu Munshi handed over the prizes to the winners at an event held at the Pan Pacific Sonargaon Hotel in Dhaka recently.