Eastern Bank Limited (EBL) has been adjudged the Best TFP Green Deal (Issuing Bank) Award by ADB.
The award certificate was handed over to EBL Managing Director and CEO Ali Reza Iftekhar by Neha Noronha, Relationship Manager, ADB TSCFP (Trade Finance Program), at a simple ceremony held on October 31 at EBL corporate head office in the city’s Gulshan area, according to a press release.
Through this award, ADB recognises trade finance initiatives of financial institutions supported by the Trade and Supply Chain Finance Program (TSCFP) that specifically involve environmental sustainability components according to the selected criteria, such as how the transaction impacts development, the environment, economic growth, etc.
In response, Ali Reza Iftekhar said, "As an environmentally responsive bank, EBL is considering global economic trends seriously in respect of climate change and environmental sustainability. Moreover, EBL is very much aligned with the Sustainable Development Goals (SDGs) of the United Nations. We would like to thank ADB for recognising our efforts."