KARACHI: The MCB Bank, one of Pakistan’s largest and most innovative banks, has been honoured with the prestigious ‘Best Corporate Report’ Award in the banking sector by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) in a ceremony held recently in Karachi. This is the seventh time the bank has received this honour by the ICAP and the ICMAP. The award was presented to Nadeem Afzal, group head Consumer Banking, MCB Bank Ltd, by former ICMAP president Kashif Mateen Ansari in recognition of the bank’s responsible reporting and transparency in sharing the economic, environmental and social performance of the bank as per international best practices. Speaking on the occasion, MCB Bank President Imran Maqbool said, “We are honoured to have won this award, which is a testament to the bank’s commitment to corporate governance and business transparency. The bank’s consistent recognition in this area reflects the company’s leadership in corporate reporting and our long term value creation for all stakeholders.” The award is primarily aimed at promoting effective communication of financial and other information by companies to their stakeholders through the publication of timely, informative, factual and reader friendly annual reports. All the submitted annual reports are adjudged in accordance with set evaluation criteria undertaken by the technical staff of both the institutes. The results are reviewed by the Joint Evaluation Committee under the chairmanship of Yaqoob Sattar. Published in Daily Times, September 19th 2017.