Thursday, December 8, 2011

SAFA Award for Nepali corporate houses

Credit Information Bureau (CIB) bagged the second runner-up award in Best Presented Accounts (BPA) amongst the public sector in the South Asia Federation of Accountants (SAFA) Awards in Dhaka on November 29.
Similarly, Nabil Bank, Standard Chartered Bank Nepal, NIC Bank were awarded with Certificate of Merit under the Banking Sector, while Ace Development Bank and Butwal Power Company were also awarded Certificate of Merit under Financial Service Sector and Manufacturing Sector respectively.
Among the various corporate houses that were awarded with Best Presented Accounts (BPA) in the event held at Dhaka, Bangladesh on November 29 organised by South Asia Federation of Accountants (SAFA), an apex body of SAARC, Nabil Bank was the winner of BPA Award in Nepal with Standard Chartered Bank Nepal as first runner up and NIC Bank as second runner up under Banking Sector Category.
It is not only a satisfying achievement but also substantiates accounting and disclosure practices followed in Nepal and they are in line with international standards, according to the winners.
Similarly, Ace Development Bank, Butwal Power Company and Credit Information Centre were the winner of BPA Award in Nepal in financial service sector, manufacturing sector and public sector entities, respectively.
The president of the Institute of Chartered Accountants of Nepal (ICAN) Sudarshan Raj Pandey expressed happiness with the result of Nepal where more numbers of corporate were awarded with coveted awards.
"Domestic corporate sector has made Nepal proud,” Pandey added.

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