StanChart named ‘Best International Bank’ in Bangladesh

Standard Chartered Bank has recently been recognised as the 'Best International Bank' in Bangladesh in the Asiamoney Awards 2021.

The year marks the fifth year of the Asiamoney Awards and also the fifth time Standard Chartered has received this prestigious award, said a press statement issued on Monday.

The Hong Kong based Asiamoney's award committee, which comprises a team of senior Asia-focused journalists, lauded Standard Chartered for being a part of the firmament of Bangladesh in a way no other foreign bank can hope to emulate.

As the only international universal bank in Bangladesh, Standard Chartered has been playing a unique role as a  progress partner to Bangladesh for over 116 years, the press statement read.

With the Bangladesh economy growing at between 5% and 7% for the past decade, the bank has positioned itself to support this journey, facilitating major investments in power, energy, transportation and urban development.
The bank also supported various key multi-billion-dollar infrastructure projects, including the construction of a third terminal at Dhaka Airport (a $2.5 billion project), the $1.98 billion Bangabandhu Railway Bridge and $1.2 billion Dhaka Elevated Expressway.

The bank accounted for a major 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 commands a leading position in the retail finance space, with a strong share of card spend, consistently growing internet banking users and the launch of a number of innovative products.

Beyond supporting the nation's economic progress and development through its core business of banking, the bank stood by grassroot communities across the country to fight the Covid-19 pandemic.

Commenting on the issue, Naser Ezaz Bijoy, chief executive officer of Standard Chartered Bangladesh, said, "I am delighted that our team's pursuit of excellence has been recognised once again, and would like to thank our clients, regulators and the wider ecosystem for making this achievement possible."

"This award is a testament to our continued commitment to be a partner in the progress of Bangladesh. With the legacy of many milestones and innovations over 116 years of uninterrupted service, we are privileged to be able to stand by our nation, as it rises above adversities and continues to write new chapters its march forward towards sustainable development and prosperity." He added.

It is here mentionable that the bank has also been recognised as the Best Foreign Bank in Bangladesh by FinanceAsia, Best International Bank in Bangladesh by Euromoney and Bank of the Year in Bangladesh by The Banker a number of times over a number of years.

It also won a host of awards in other banking categories.