City Bank wins IFC award

City Bank has won a "Best Issuing Bank in South Asia" award from International Finance Corporation (IFC), a member of World Bank Group.

Aziz Al Kaiser, chairman of City Bank, received the award from Allen Forlemu, regional industry director of Financial Institutions Group, at the bank's head office in Dhaka recently, said a press release.

The award recognises City Bank as the IFC's most successful partner bank in South Asia for the utilisation of its Global Trade Finance Program (GTFP) fund. A total of 46 banks won the award in 48 categories from a network of over 500 partner banks of the IFC.

Martin Holtmann, country manager for Bangladesh, Bhutan and Nepal at the IFC, Farooq Sobhan, independent director of City Bank, Mashrur Arefin, managing director, and Sheikh Mohammad Maroof, assistant managing director, were present.