14 Bangladeshi companies get SAFA Awards

Bangladeshi companies were top scorers in eight categories of South Asian Federation of Accountants (SAFA) best presented annual reports 2019.

Also, 14 Bangladeshi companies won awards in different categories for striving to accomplish the highest standards of governance, compliances, and disclosures of stakeholder information in their published reports.

The Institute of Chartered Accountants of Sri Lanka on Wednesday organised the virtual SAFA Best Presented Annual Reports Award, Integrated Reporting Award and SAARC Anniversary Award for Corporate Governance Disclosures 2019 ceremony.

Bangladesh’s Bank Asia, IDLC Finance, Orion Pharma, Reliance Insurance, Grameenphone, and Golden Harvest Agro Industries won awards in different categories.

However, Reliance Insurance became the “overall winner” among all South Asian firms and in the insurance sector.

This year, 101 companies from Bangladesh, India, Pakistan, Nepal and Sri Lanka joined the competition.

Among them, 19 Bangladeshi companies (listed and non-listed), nominated by the Institute of Chartered Accountants of Bangladesh, participated in the 11 sectors of 13 categories.

In the private sector bank category, Bank Asia became the winner, Shahjalal Islami Bank became joint first runner-up and Brac Bank joint second runner-up.

Reliance Insurance was the winner in the insurance category while Green Delta Insurance Company and Prime Insurance Company received the certificate of merit.

IDLC Finance became the winner in the financial service sector, IPDC Finance and LankaBangla Finance became the joint second runner-up.

In the manufacturer category, Orion Pharma became joint winner, British American Tobacco Bangladesh became the first runner-up and Summit Power got the certificate of merit.

In the communication and information technology category, Grameenphone was the winner.

Unique Hotel and Resort became the second runner-up in the service sector. In the agriculture sector, Golden Harvest became the joint winner.

In the SAARC Anniversary Award for Corporate Governance, IDLC became the winner, LankaBangla the first runner-up and Bank Asia joint second runner-up.

In the integrated reporting category, IDLC became the winner, LankaBangla the second runner-up, and Bank Asia received a certificate of merit.

SAFA is the association of the national chartered accountancy and cost and management accountancy institutions in the SAARC countries.