City Bank wins ADB award for 2nd time

City Bank has won the Leading Partner Bank Award in Bangladesh for the second consecutive time under Trade and Supply Chain Finance Program (TSCFP) Awards 2021 Programme by Asian Development Bank.

The bank won the prestigious award in 2020 too, said a press release on Wednesday.

According to the release, over 200 partner bank representatives attended the programme where 27 banks were recognised in 21 categories.

City Bank won the award for being the most active partner bank of ADB in Bangladesh during the 12-month period from July 1, 2020 to June 30, 2021, it added.

In this period, the bank collaborated with ADB for coverage of trade transactions of small and large deals for corporate and SME clients.

The award was achieved due to the bank’s continual efforts to increase its trade financing capacity, operational efficiency, financial health and risk management, read the release.

In 2019, City Bank won the Momentum Award for highest growth in transactions partnered with ADB.

City Bank has been participating with ADB under their TSCFP programme as issuing bank since 2016. The bank has also availed the revolving credit facility since 2017.