Standard Chartered wins ‘Best International Bank’ award at Asiamoney Best Bank Awards
Standard Chartered Bangladesh was recognized for its focus on sustainability, promoting economic empowerment and greater financial inclusion, and for demonstrating a continued commitment to driving economic and social growth.
The achievement marks Standard Chartered’s sixth consecutive win in this category at the Asiamoney Best Bank Awards, a press release read.
The bank has been hailed for championing sustainability and green solutions, through the introduction of the market’s first carbon-neutral smart card; the issuance of the first green bond and the first zero-coupon green bond; and pioneered the country’s first-ever sustainable trade finance transaction.
To stimulate participation, Standard Chartered Bangladesh provided skills development for youth and returnees; empowered women entrepreneurs; introduces a single Sadaqah account for Saadiq Islamic banking customers; and established far-reaching community support initiatives to address the impact of Covid-19 on vulnerable and at-risk communities.
Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, said: “This achievement is a testament to how, despite the challenges of the past year, we have continued to push the boundaries for our clients and harnessed our strength and resilience to support our communities. I am grateful to our customers, regulators, communities and other stakeholders for trusting us over the years. My deepest gratitude to all members of the Standard Chartered family, whose courage, determination and ability enable us to consistently take bold steps and stand up for the communities we serve.
Standard Chartered is the only multinational universal bank in Bangladesh, with more than 117 years of uninterrupted presence in the country.
The bank has been a committed partner in Bangladesh’s progress, facilitating major investments in power, energy, transport and urban development.
The bank accounted for a significant share of all export and import financing, respectively, last year, as well as power generation financing and SME lending by foreign banks.
At the same time, the bank occupies a leading position in the field of retail financing. Standard Chartered’s commitment to supporting Bangladesh’s continued journey of prosperity, even in the face of a global pandemic, has seen the bank secure 30 major international awards in 2021.
Founded in 1989, Asiamoney is a financial publication focused on publishing content related to business and finance.
Asiamoney provides relevant information, reports and analysis to stakeholders. It is part of the global media group Euromoney Institutional Investor PLC.
Earlier this year, Standard Chartered Bangladesh was named a “Trade Finance Market Leader” in the Euromoney 2022 Trade Finance Survey and the Asiamoney 2022 Trade Finance Survey.