BRAC Bank’s corporate governance stature has reached a new height. The bank has set a record by winning the prestigious ICMAB Best Corporate Award for eight years in a row.
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) has awarded BRAC Bank the ‘Gold Award’, the highest accolade, in the “ICMAB Best Corporate Award 2023” in the private commercial bank category.
The ICMAB Award is conferred to organisations for best corporate governance practices. BRAC Bank’s superior performance indicators in the banking sector are reflected in its highest market capitalisation, international investor shareholding in the local banking sector, and credit rating. As a member of the Global Alliance for Banking on Values, the bank emphasises good governance, values, and sustainability.
Dr. Salehuddin Ahmed, Adviser, Ministries of Finance, and Science & Technology, formally handed the award to Mohammad Abdul Ohab Miah FCA, Financial Controller, BRAC Bank, at Pan Pacific Sonargaon Hotel on November 14, 2024. Sk. Bashir Uddin, Adviser, Ministries of Commerce and Textiles & Jute; Md. Abdur Rahman Khan FCMA, Chairman, National Board of Revenue; Md. Salim Uddin, Secretary, Ministry of Commerce; Mahtab Uddin Ahmed FCMA, President, ICMAB, were present.
On winning the award, BRAC Bank’s Managing Director & CEO Selim R. F. Hussain said: “At BRAC Bank, good governance, compliance, ethics, and transparency are the cornerstones of our business model. This recognition from ICMAB for consecutive years reflects a strong bearing of our corporate governance culture, transparency, ethics and compliance.”
“The award will inspire us to attain even greater excellence in corporate governance and adopt international accounting benchmarks and governance standards. The award will be a stepping stone towards becoming the ‘best bank’ in the country. We gratefully recognise the bank’s valued customers and stakeholders for their trust in BRAC Bank, which has helped us earn such recognition”, he added.