Eastern Bank Limited (EBL) has been awarded by International Finance Corporation (IFC) under World Bank Group as the Best Partner for Equipment Trade in South Asia under Global Trade Finance Program.
IFC's 9th Annual Trade Awards held recently recognised the partners' leadership in providing trade finance in emerging markets, said a press release.
The bnak has been utilising IFC'sfacilities to support international trade businesses, offshore banking, and FCY funding requirements of its customers.
EBL Managing Director and CEO Ali Reza Iftekhar said: "It has been an honor and privilege to have received this award which reflects how effectively and efficiently EBL has been supporting the businesses of the country by using its global correspondent banking and DFI relationship. It ensures a win-win outcome for the partners including customers engaged, Development Financial Institutions, global correspondent banks and EBL."
Makiko Toyoda, acting head of IFC's global trade finance program said: "We would like to offer our sincere appreciation for Eastern Bank's partnership in the Global Trade Finance Program".