City Bank wins ADB award

City Bank has been named the "Leading Partner Bank in Bangladesh" in the "Trade and Supply Chain Finance Programme (TSCFP) Awards 2023" organised by the Asian Development Bank (ADB).

The award came in recognition of City Bank being the most active partner bank, measured by the number of trade finance transactions recorded in Bangladesh in collaboration with the ADB in the last fiscal year.

This is the fifth consecutive year that the bank has been honoured with the 'Leading Partner Bank' accolade.

Hasan Sharif Ahmed, executive vice-president and the head of financial institutions of City Bank, received the award from Steven Beck, head of trade and supply chain finance of the ADB, in the ninth ADB TSCFP award ceremony in Singapore recently, said a press release.

City Bank has been participating under ADB's TSCFP programme as an issuing bank since 2016.

Under their TSCFP programme, the ADB provides guarantees and trade loans to partner banks supporting international trade.

The TSCFP works with 82 banks in ADB's developing member countries in Asia and the Pacific.

A total of 16 banks in Bangladesh are members of the programme.