MTB wins Global Climate Partnership Award 2023

Mutual Trust Bank Ltd recently won the "Global Climate Partnership Award 2023" for its innovative idea of bridging the gap between smallholder farmers in Bangladesh and cost-effective electric vehicle (EV) solutions through accessible finance.

The bank will receive $50,000 to implement its award-winning climate finance concept, according to a press release.

A jury comprising external experts chose the private commercial bank of Bangladesh from a pool of 14 innovative applications for the award.

"Winning this award will provide us with the financing to quickly put our plan into action and work with our external stakeholders to achieve success," said Syed Mahbubur Rahman, managing director of the bank.

"MTB's proposal was future-looking and well-structured with an executable plan, including a detailed budget and action plan," said Judith Brandsma, chairperson of the jury board.

"As a bonus, the pitch was well-executed, enthusiastic and convincing. We congratulate MTB for its submission, and we cannot wait to receive updates from the implementation phase."