Eastern Bank Limited (EBL) has been recognised with the 2020 Leading SME Trade Bank award for its outstanding contribution in supporting small- and medium-sized enterprises in Bangladesh by Asian Development Bank (ADB), said a press release.
Managing Director and CEO of EBL Ali Reza Iftekhar in his reaction said: "This award reflects how effectively and efficiently EBL has been supporting the businesses of the country by using its global correspondent banking and DFI relationship, which ensure a win-win outcome for the partners including customers engaged, Development Financial Institutions, global correspondent banks and EBL."
"EBL is a valued partner of the Asian Development Bank and we are pleased to recognize its outstanding contribution in supporting small- and medium-sized enterprises in Bangladesh," ADB Relationship Manager Can Sutken said.
EBL has been utilizing ADB's funded and non-funded facilities to support international trade businesses, offshore banking, and short and long term requirements of its customers. The Bank has been active under Trade and Supply Chain Finance program (TSCFP) of ADB since long, the press release added.