ICAB awards 36 entities for best annual reports

The Institute of Chartered Accountants of Bangladesh (ICAB) on Saturday awarded 36 corporate entities in 14 categories with the ICAB National Award for their best presented annual reports in 2020.

Thirty-six listed and non-listed entities including public sector banks, private sector banks, financial services sector, manufacturing, power and energy sector, insurance, diversified holdings, communication and Information technology, public sector, NGOs, NPOs, service sectors, agriculture and corporate governance received the awards in 14 different categories.

Commerce Minister Tipu Munshi handed over the awards among the winners at an event at a city hotel, said a press release.

Recognizing the first, second and third positions in each category, 11 entities which achieved a minimum threshold of scores are awarded the “Certificate of Merit.”

Among the awardees, IDLC Finance Limited, one of the top non-bank financial institutions in the country, became the overall winner.

ICAB President Mahmudul Hasan Khusru delivered welcome address and the Chairman of review committee for published accounts and reports Mohammed Humayun Kabir spoke on the occasion. In Banking Sector (Private) category Shahjalal Islami Bank Ltd secured first prize, BRAC Bank Limited and Bank Asia Limited became joint second prize winners, and Mutual Trust Bank Limited became the third prize winner.

In the category of Financial Services Sector, IDLC Finance Limited won the first prize, Bangladesh Finance Ltd won the second prize while Delta Brac Housing Finance Corporation Ltd won third prize.

In Manufacturing category, British American Tobacco (BD) Limited won the first prize, RAK Ceramic (Bangladesh) Ltd won the second prize while Reckitt Benckiser BD Ltd won third prize.

In Power and Energy sector, Summit Power Limited won the first prize. Insurance sector, Reliance Insurance Ltd, Prime Insurance Co. Ltd and Eastland Insurance Co Ltd became first, second and third prize winners respectively.

In diversifies holdings sector, ACI Limited won the first prize. Grameenphone Limited won the first prize in Category of Communication and Information Technology.

In Public Sector Entities category, Investment Corporation of Bangladesh (ICB) became the first prize winner and Infrastructure Development Co. Ltd (IDCOL) became second prize winner.

SAJIDA Foundation secured the first prize, BRAC secures second, and Ghashful and Community Development Center (CODEC) became joint third winners in non-profit organization category.