Standard Chartered Bangladesh was recently recognized as the “Best Bank in Bangladesh” at the Asset Triple A Sustainable Capital Markets Country Awards 2021.
This is the second consecutive time the bank has received this prestigious award and the 31st major award the bank has won in 2021.
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The Asset’s annual Triple A recognition represents the industry’s most prestigious awards for banking, finance, treasury and capital markets.
As the multimedia financial group with the widest reach among Asian issuers and global institutional investors, The Asset has unrivaled vision, which forms the foundation of its annual awards.
For more than twenty years, the Asset Triple A Country Awards have focused on activity in national markets.
Commenting on the victory, Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh, said: “This award is testament to how, despite the challenges, we have been able to come together as a team to push the boundaries of our customers and mobilize our strength and our resilience. to support our communities. »
“I would like to thank our customers, regulators and the wider ecosystem for the trust they continue to place in us, making this achievement possible,” he said.
With over 117 years of uninterrupted presence in Bangladesh, Standard Chartered is the country’s only multinational universal bank with a unique blend of deeply rooted local presence and ability to capitalize on its global network and product coverage.
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 finance, with a high share of card spending, a steady growth in online banking users and the launch of a number of products innovative.
During the year, the bank continued its pioneering streak with a number of firsts for the country, including the first green bond, the first zero-coupon green bond and the first sustainable trade finance transaction.
Even before the introduction of the regulatory payment holiday and stimulus packages by the regulator, the bank supported customers through repayment flexibilities – supporting customers through loan extensions that generated liquidity for payment of wages and salaries, enabled digital payment of wages for thousands of RMG workers, and introduced unique funding programs to support businesses during these unprecedented times.
To address the immediate challenges facing our communities, Standard Chartered has worked with partners in the development sector to deliver essential aid and commodities to communities hard hit by the pandemic and support frontline health services.
To enable longer-term recovery through skills development and workforce reintegration, the Bank is supporting economically vulnerable people who have lost their livelihoods due to the impact of the Covid pandemic -19.