Bangladeshi entities have received the highest
number of awards in SAFA (South Asian Federation of Accountants) Best
Presented Annual Report Awards, Integrated Reporting Awards and SAARC
Anniversary Awards for Corporate Governance Disclosure 2020 competition.

They have received a total of 21 awards out of 58 distributed among the
SAARC countries, said a press release.

These awards are considered the most prestigious accolades for financial
reporting in the countries of the South Asian region. It signifies
organizations that have achieved excellence in the presentation and
disclosure of high quality, relevant, reliable, and objective information in
the financial statements in accordance with the international framework.

This year the regional awards competition was organized virtually by the
Institute of Chartered Accountants of Sri Lanka (ICASL) on 09 February 2020
where Bangladeshi winning entities virtually connected with the ceremony and
received the awards from the Institute of chartered accountants of
Bangladesh.

On behalf of SAFA ICAB President Md Shahadat Hossain FCA handed over the
prizes to the winners while Vice Presidents NKA Mobin FCA and Fouzia Haque
FCA, CEO Shubhashish Bose were present.

The winners in categories wise: In the overall winners category Bank Asia
Ltd (Bangladesh) became the winner, Rupali Bank Ltd (Bangladesh ) and Fauji
Fertiliser Company Limited ( Pakistan) become Joint 1st Runner Up, and the
Shahjala Islami Bank Ltd(Bangladesh ) became 2nd Runner Up for their best
performance in the regional competition.

In Private Sector Banking Institutions (including Co-operative Banks)
category, Bank Asia Limited (Bangladesh) became the winner. The Shahajalal
Islami Bank Limited (Bangladesh) became 1st Runner Up and the

Bank Alfalah Limited (Pakistan), and MCB Bank Limited (Pakistan) became
joint 2nd Runner Up.

In the category of Public Sector Banking Institutions, Rupali Bank
Limited became the winner, People’s Bank (Sri Lanka) became 1st Runner Up and
National Bank of Pakistan(Pakistan) became 2nd Runner Up.

Insurance Sector, Prime Insurance Co Ltd (Bangladesh) became the winner,
Reliance Insurance Co Ltd (Bangladesh) became the 1st Runner Up and Softlogic
Life Insurance PLC(Sri Lanka), Jubilee General Insurance Co Ltd ( Pakistan),
and Union Assurance PLC(Sri Lanka) became Joint 2nd Runner -up.

In Financial Services Sector, IDLC Finance Ltd (Bangladesh) became the
winner, Bangladesh Finance Ltd became 1st runner up, Alliance Finance Company
PLC (Sri Lanka), Peoples Leasing & Finance PLC ( Sri Lanka ), and
First Habib Modaraba (Pakistan) became the Joint 2nd Runner Up.

In Manufacturing Sector, Fauji Fertiliser Company Limited (Pakistan)
became the winner, British American Tobacco BD Co. Ltd and

RAK Ceramics (Bangladesh) Ltd became Joint 1st Runner Up and GSK Consumer
Healthcare Pakistan Limited (Pakistan) and Engro Polymer and Chemical Limited
(Pakistan) became Joint 2nd Runner Up.

In Communication and Information Technology Sector, Sri Lanka Telecom PLC
became the winner and Grameenphone Ltd (Bangladesh) became the 1st Runner-up.

Service Sector (Excluding Financial Services & Communication & IT Sector)
Singer Sri Lanka Telecom PLC became the winner and Unique Hotels & Resorts
Limited (Bangladesh) became the 1st Runner-up.

In the category of Non-Governmental Organizations (including NPOs),
Ghashful (Bangladesh) became the winner, Sajida Foundation (Bangladesh)
became the 1st Runner-up.

Sri Lanka Institute of Marketing and The Citizens Foundation (Pakistan)
became the Joint 2nd Runner-up.

In Agricultural Sector, Namunkula Plantations PLC (Sri Lanka) became the
Winner.

In the category of SAARC Anniversary Award for Corporate Governance, Bank
Asia Limited (Bangladesh) became the winner,Shahjalal Islami Bank Limited
(Bangladesh) and Lanka Bangla Finance( Bangladesh) became the
Joint 1st Runner Up. Softlogic Life Insurance PLC, Commercial Bank of Ceylon
PLC (Sri Lanka), and MCB Bank Limited (Pakistan) became the Joint 2nd Runner
Up

In the Public Sector Entities category, Pakistan Petroleum Limited became
the winner, Oil and Gas Development Company Limited (Pakistan) became the 1st
Runner-up, and Pakistan State Oil Company Limited (Pakistan) became the 2nd
Runner Up

In Diversified holdings category, Cresent Steel & Allied Products Limited
(Pakistan) became the winner, John Keells Holding PLC ( Sri Lanka) and Diesel
& Motor Engineering PLC ( Sri Lanka) became the Joint 1st Runner-up

In the category of Power & Energy, Engro Powergen Qadirpur Limited (
Pakistan) and The Hub Power Company Limited (Pakistan) became the joint
winner and the K-Electric Limited ( Pakistan) became 1st Runner Up.

Tata Power Company limited( India0 became the 2nd Runner Up.

In Infrastructure and Construction category, Access Engineering PLC (Sri
Lanka) became Winner and RIL Property PLC ( Sri Lanka) became the 1st Runner
Up.

Integrated Reporting category, IDLC Finance Ltd (Bangladesh)

and National Development Bank PLC ( Sri Lanka) became joint winners while
Fauji Fertiliser Company Limited (Pakistan ) became 1st Runner Up and
LankaBangla Finance Limited (Bangladesh) and

John Keells Holdings PLC (Sri Lanka) became Joint 2nd Runner-up. Besides, a
total of 43 certificates of merit awards were also distributed among
organizations.