State Bank of Pakistan (SBP) Governor Ashraf Mehmood Wathra Monday said banking sector of Pakistan has been very fundamental for the development of the economy. Addressing the launching ceremony of the 2nd Pakistan Banking Awards 2017 at the Institute of Bankers Pakistan (IBP), the Governor SBP said its role can never be neglected while technology-based services and performance achieved by the sector are laudable.
"The financial sector plays a pivotal role in determining the overall economic growth and development of a country. The contribution and achievements of the institutions contributing to this sector should be recognised and acknowledged. After the tremendous success of the 1st Banking Awards in 2016, I am delighted to address this distinguished gathering of executives and academicians from the banking and finance sector," he added.
He said these prestigious awards are now an annual event, to encourage new entrants to make their mark while motivating the established institutions to strive for excellence. Awards are given to individual banks based on their performance, broadly in the developmental, financial, and customer service related spheres."
The Governor SBP appreciated the role of Institute of Bankers Pakistan (IBP), A.F. Ferguson & Co (AFF) for organising "Pakistan Banking Awards 2017" on a continuous basis. The CEO of IBP Hussain Lawai said that the Pakistan Banking Awards 2017 would serve as a platform to promote, recognise and acknowledge the contribution of the banking industry towards enhancing Pakistan's economy. "Our jury comprises of people who possess relevant expertise and are undoubtedly institutions in themselves," he said. Like before they would adopt transparent and impartial evaluation process to select the best performers for this year's Awards, he added.
Jury for Pakistan Banking Awards 2017comprised of Syed Salim Raza - Former Governor, State Bank of Pakistan; Azhar Hamid - Former Banking Mohtasib Pakistan & Former Country Head, SCB Pakistan; Feroz Rizvi - President & CEO Pakistan Institute of Corporate Governance; Dr Zeelaf Munir - MD & CEO English Biscuit Manufacturers Pvt Ltd and Shehzad Naqvi - Former Regional Head of Citibank Middle East and Pakistan.
Meanwhile, representative of A.F. Ferguson & Co (AFF) PWC presented eight award categories, including 'Bank the Unbanked Award', 'Best MicroFinance Bank', 'Best Bank for Small Businesses and Agriculture', 'Best Bank for Corporate Finance & Capital Market Development', 'Best Customer Franchise', 'Best Islamic Bank', 'Best Environmental, Social and Governance (ESG) Bank' and last, but not the least, the 'Best Bank'.
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