28 Bangladeshi firms win SAFA Best Presented Annual Reports Awards

Twenty-eight Bangladeshi companies have won a total of 31 accolades in the South Asian Federation of Accountants (SAFA) Best Presented Annual Reports 2021 Awards competition.

The companies obtained 13 gold, nine silver and nine bronze awards and eight certificates of merits.

ICA Nepal hosted the event at the Hotel Yak and Yeti in Kathmandu on Sunday, according to a press release of the Institute of Chartered Accountants of Bangladesh (ICAB).

Bangladeshi companies won gold in the private sector banks, corporate governance disclosures, public sector banks, financial services, manufacturing, insurance, NGOs, and integrated reporting categories. They also secured five "overall winner" awards out of six.

Brac Bank became the joint gold winner in the private sector banks category and won silver jointly in the overall winner category.

Shahjalal Islami Bank became the joint gold winner in the private sector bank category and the joint gold winner in the Saarc anniversary award for corporate governance. It also secured bronze jointly in integrated reporting and silver jointly in the overall winner category.

Bank Asia became the joint gold winner in the private sector banks and in the Saarc anniversary award for corporate governance. It clinched gold in integrated reporting and bronze in the overall winner category.

State-run Janata Bank became the gold winner and Sonali Bank, another government-owned lender, achieved silver in the public sector banks category.  

Reliance Insurance Ltd secured gold and City General Insurance Co Ltd and Green Delta Insurance Ltd collected the Certificate of Merit in the insurance Sector.

IDLC Finance attained silver in the financial services sector, joint gold in the Saarc anniversary award for corporate governance, and a certificate of merit in integrated reporting.

IPDC Finance picked up bronze jointly in the financial services sector, while Bangladesh Finance Limited was the gold winner in the segment and emerged as the gold winner in the overall winner category.

Walton Hi-Tech Industries PLC was the joint gold winner in the manufacturing sector and joint silver winner in the overall winner category. British American Tobacco Bangladesh got silver jointly in the manufacturing sector.

Reckitt Benckiser Bangladesh Limited got bronze jointly in the manufacturing sector.

Grameenphone won silver and Robi Axiata took home bronze in the communication and IT sector.

Unique Hotel & Resorts collected the silver award jointly in the service sector (excluding financial services and communication and IT).

Sajida Foundation became the joint gold winner in the non-government organisation category, while Community Development Centre won bronze jointly and Brac received the certificate of merit.

ACI Formulations emerged as the joint bronze winner in the agriculture sector and ACI Limited received a certificate of merit in the diversified holdings segment.

State-run Investment Corporation of Bangladesh won bronze jointly in the public sector while Infrastructure Development Company Limited and Bangladesh Infrastructure Finance Fund received the Certificate of Merit.

In the power and energy sector, Summit Power Limited became the joint silver winner and United Power Generation Distribution Company received a certificate of merit.

Eastern Housing Limited achieved bronze in the infrastructure and construction category.

Senior officials of the winning companies received the awards.

ICAB President Md Shahadat Hossain and Vice Presidents NKA Mobin and Fouzia Haque were present at the ceremony, the press release added.