Southeast Bank stands first in corporate governance


Business Desk

Southeast Bank Limited has been awarded first position for the best corporate governance among private sector banks by Institute of Chartered Accountants of Bangladesh (ICAB). The Bank has been ranked second position under the category: private sector banks and nominated for the SAFA BPA Reports Award 2016 Competition. The Institute of Chartered Accountants of Bangladesh (ICAB) exhaustively analyzed the bank’s annual report-2016 and bestowed the prestigious awards on the bank for its outstanding performance, encouraging financial results and indicators, sufficient disclosures for all stockholders and its commitment to achieving further excellence in corporate governance and compliance with legal and regulatory requirements, according to a press release. M Kamal Hossain, managing director of Southeast Bank Limited received the awards from Finance Minster Abul Maal Abdul Muhith, at a ceremony held on 25 November at a local hotel in Dhaka. The bank’s operations are built upon unequivocal emphasis on effective corporate governance and its objective is to create, promote and build long-term company value. The first and the highest priority of SEBL is to provide efficient services and maximum satisfaction to the customers. The annual report of the bank for the year 2016 contained enough disclosures and audited financial statements complying with all applicable accounting standards. The award will encourage the bank enormously to keep up the momentum of its performance and to improve governance practices further in the coming years, the press release said.