Thursday, April 25, 2024
The state-owned Infrastructure Development Company Limited (IDCOL) has been awarded the prestigious “FinanceAsia Awards 2023” in the “Best Sustainable Bank” category in Bangladesh.
The 27th edition of the award was announced by FinanceAsia magazine, a Hong Kong-based publication reporting on Asia’s financial and capital markets. The award celebrates institutions which showed determination to deliver desirable outcomes through the display of commercial and technical expertise, read a press release.
IDCOL, a non-bank financial institution under the Economic Relations Division of the finance ministry, catalyses private sector investment in infrastructure, renewable energy, energy efficiency and PPP projects in Bangladesh.
It has been selected as a winner based on its financial performance in 2022, notable recent transactions for providing cross-border advisory services to the Government of Malawi and extending credit facility to a university as well as a large-scale energy-efficient commercial building in 2022, and its vision for the future as well as its strategy to realise the vision, the release added.
Alamgir Morshed, executive director and CEO of IDCOL, expressed his sincere gratitude to FinanceAsia magazine for acknowledging IDCOL’s contribution. He thanked all stakeholders for their continuous strong support and belief in IDCOL.
He further said the award is a testament to the hard work and dedication of the team, who are committed to helping customers and communities thrive in a sustainable way thereby implementing the government’s vision of a sustainable Bangladesh.
Morshed also mentioned that this award is a reminder that IDCOL is on the right track, and “it motivates us to continue our work to create a more sustainable future for Bangladesh.”
