EBL wins ICSB Gold Award for the third time

_A Monitor Report 16 Nov, 2018 | 317 Views | - +
Dhaka : Eastern Bank Limi-ted (EBL) has won the Gold Award at the ICSB Na-tional Award 2017 for Corpo-rate Governance Excellence in Banking Company category. Since inception of the award in 2013, EBL is the most-awarded financial institution in the category.

Md. Showkat Ali Chowdhury, Chairman of EBL received the accolade from Finance Minister Abul Maal Abdul Muhith at the award dinner held at Radisson Blu on November 10. Mir Nasir Hossain, Director of the Bank was also present during handing over of the crest and the certificate.

"To achieve long term institutional viability and soundness, there is no alternative to adopt international best practices in corporate governance", said EBL Chairman In his instant reaction after receiving the award."

"Effective corporate governance in accordance with high international standards is of paramount importance to Eastern Bank. Our system of corporate governance provides the basis for the responsible management, transparency of processes and compliance to regulatory bodies with a focus on sustainable value creation."

"EBL gives utmost importance to key parameters of corporate governance such as management system and its independence, true and fair financial reporting, disclosure and compliance, and consistency of shareholders value enhancement", he added.

EBL won the ICSB Gold Award for the third time in last five years. EBL is the recipient of the award for two consecutive years 2013 and 2014.

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