22 cos get ICAB awards for best annual reports in 2018

Staff Correspondent | Published: 00:00, Dec 01,2019

 
 

Representatives of companies, who received the Institute of Chartered Accountants of Bangladesh’s 19th National Award, are seen with commerce minister Tipu Munshi at an award ceremony held at the Pan Pacific Sonargaon Hotel in Dhaka on Saturday. Comptroller and auditor general (CAG) Md Muslim Chowdhury, Financial Reporting Council, Bangladesh chairman CQK Mustaq Ahmed, SAFA president PVS Jagan Mohan Rao, ICAB president AF Nesaruddin and ICAB review committee for published accounts and reports chairman Muhammed Farhad Hussain, among others, attended the programme. — New Age photo

The Institute of Chartered Accountants of Bangladesh on Saturday awarded 22 companies in 10 categories with the ICAB National Award for their best presented annual reports in 2018.

IDLC Finance achieved the ‘overall winner award’ for the year.

Twenty-two listed and non-listed entities, including banks, financial institutions, insurance companies, manufacturing, information and communication technology, non-governmental organisations (NGOs) and public sector entities received 32 awards in total in all the categories.

ICAB handed over the awards to the winners at the 19th National Award ceremony held at the Pan Pacific Sonargaon Hotel in Dhaka.

Commerce minister Tipu Munshi distributed the awards as the chief guest.

Comptroller and Auditor General (CAG) Md Muslim Chowdhury, Financial Reporting Council, Bangladesh chairman CQK Mustaq Ahmed and SAFA president PVS Jagan Mohan Rao, ICAB president AF Nesaruddin and ICAB review committee for published accounts and reports chairman Muhammed Farhad Hussain, among others, attended the programme.

In the private bank category, Bank Asia won the first prize while BRAC Bank and Southeast Bank jointly became second and Mutual Trust bank secured the third position.

In the financial services sector category, IDLC Finance secured the first position while LankaBangla Finance and IPDC Finance won the second and third prizes respectively.

British American Tobacco BD Company became first, Bangladesh Steel RE-Rolling Mills Ltd second and Orion Pharma Ltd and United Power Generation jointly became third in the manufacturing category.

In the insurance category, Green Delta Insurance, Reliance Insurance and Prime Insurance Ltd won the first, second and third positions respectively.

Grameenphone secured the first position in the communications and information technology category and Golden Harvest Agro Industries in the agriculture category.

In the non-governmental organisations (NGOs) category, Ghashful won the first prize while BRAC and Sajida Foundation received the second and third prizes respectively.

In the public sector entities category, Bangladesh Infrastructure Finance Fund Ltd received the

first prize, the Investment Corporation of Bangladesh the second and Infrastructure Development

Company Ltd won the third prize.

In the corporate governance disclosures, Southeast Bank and Bank Asia got the first and second prize respectively while Standard Bank, Golden Harvest Agro Industries Ltd and BAT all came third.

Union Capital, Prime Bank and Mercantile Bank received the certificate of merit in the category.

In the integrated reporting category, IDLC Finance came first, BRAC Bank second and Bank Asia and LankaBangla Finance Ltd jointly secured the third position.

Pubali Bank, Dutch Bangla Bank, Prime Bank, Islami Bank Bangladesh, Mercantile Bank, BSRM Steel Ltd, Premier Cements Mills Ltd, RAK Ceramics Ltd and Linde Bangladesh achieved the certificates of merit in different categories.

ICAB has been giving the award since 2001.

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