Eastern Bank Limited was 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.
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. It ensures a win-win outcome for the partners including customers engaged, Development Financial Institutions, global correspondent banks and EBL.’
ADB relationship manager Can Sutken said, ‘EBL is a valued partner of the Asian Development Bank and we are pleased to recognise its outstanding contribution in supporting small- and medium-sized enterprises in Bangladesh.’
EBL has been utilising ADB’s funded and non-funded facilities to support international trade businesses, offshore banking, and short and long term requirements of its valued customers.
The Bank has been active under Trade and Supply Chain Finance program of ADB since long, said a press release on Wednesday.
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