BRAC Bank crowned as best corporate governance

BRAC Bank has earned the best bank title in Corporate Governance Excellence.

The Institute of Chartered Secretaries of Bangladesh (ICSB) has conferred ‘Gold Award’ to BRAC Bank at 8th ICSB National Award for Corporate Governance Excellence in General Banking Category, said a press release.

Commerce Minister Tipu Munshi formally handed over the award to BRAC Bank’s Deputy Managing Director & CFO M Masud Rana at Radisson Blu Water Garden Hotel in Dhaka on Sunday.

Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam and ICSB President Muzaffar Ahmed were present.

The ICSB Award is conferred to the organisations in recognition of best corporate governance practices. BRAC Bank’s superior performance indicators in the banking sector are reflected in the highest market capitalisation and the highest international investor shareholding in the local banking sector and the highest credit rating. As a member of Global Alliance for Banking on Values (GABV), the bank drives on values-based banking and sustainability initiatives, it said.

Selim RF Hussain, Managing Director & CEO, BRAC Bank, said, “At BRAC Bank, governance, compliance, ethics and transparency are the cornerstones of our business model. With consistency in financial performance and good corporate governance, the bank has emerged as a leading financial institution in Bangladesh. It leads the local banking industry in nearly all financial metrics and is also a benchmark for corporate governance and values-based banking.”