Standard Chartered named ‘Best Trade Finance Provider’ in Bangladesh
BI Report || BusinessInsider
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Standard Chartered was named the Best Trade Finance Provider for Bangladesh in 2021 by Global Finance, a leading international finance magazine.
Global Finance, a leading international finance magazine, announced the World’s Best Trade Finance Providers in 102 countries for 2021, where Standard Chartered was recognised for its role in leading the trade finance space in Bangladesh with pioneering transactions and world-class services delivered through its unique global network, said a press release.
The magazine’s editorial review board selected the best trade finance providers based on entries from banks and other financial service providers, as well as input from industry analysts, corporate executives and technology experts.
Criteria for choosing the winners included transaction volume, the scope of global coverage, customer service, competitive pricing and innovative technologies.
Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh said, “The last two years have been a test of our collective resilience and we have put in an all-out effort to stand by our clients and the greater community during these trying times. This award is really a reflection of this commitment.”
Global Finance is a widely read magazine with a circulation of 50,000 and readers in 193 countries. The publication regularly selects the top performers among banks and other providers of financial services.
Standard Chartered bank accounted for a major share of all export and import financing, respectively, last year, as well as power generation financing and SME lending by foreign banks.