City Bank has been awarded as the top bank in the "Sustainability Rating" by Bangladesh Bank for the performance years 2020 and 2021.
For two consecutive years, City Bank won the top-10 banks award from the central bank of Bangladesh, said a press release on Wednesday.
On June 30, Bangladesh Bank arranged “Sustainability Rating Recognition Ceremony” where City Bank Additional Managing Director & Chief Business Officer Sheikh Mohammad Maroof received the award from Bangladesh Bank Governor Fazle Kabir.
This rating has been categorized by Bangladesh Bank based on the banks' performance in four indicators, including Sustainable Finance, Green Refinance, Corporate Social Responsibilities (CSR) and Core Banking Sustainability.
It has been a true accomplishment for City Bank to be recognized for its initiative for greening the economy.
City Bank MD & CEO Mashrur Arefin said, “Sustainability as one of the highest priorities of the bank. City Bank took a step forward by joining the UN convened Net Zero Banking Alliance (NZBA) as the first bank in Bangladesh with the aim of supporting the transition to a low-carbon economy.”
“City Bank incorporates sustainable banking in its lending practices and motivates its customers to invest in sustainable industry for betterment of people and create a better planet for the future generation,” He added.
Trade Services of City Bank DMD & Head Faruk Ahmed, Deputy Governor AKM Sajedur Rahman Khan and Abu Farah Md Nasser, Executive Director Nurun Nahar, Director Khondkar Morshed Millat, and Bangladesh Bank Additional Director Chowdhury Liakat Ali and CEO’s of rest nine awardee banks were also present at the award ceremony.
