Three Bangladeshi Banks win ADB’s TFP awards

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DHAKA, Sept 5, 2018 (BSS)- Three Bangladeshi Banks– Dutch-Bangla Bank,
Prime Bank and Mutual Trust Bank– are among winners of the fourth annual
Trade Finance Programme (TFP) Awards announced by the Asian Development Bank
(ADB).

The TFP Awards recognised 23 leading partner banks from 15 countries this
year. Dutch-Bangla Bank Limited has been recognised as Leading Partner Bank
in Bangladesh. Prime Bank Limited has been recognised as Best SME Deal
(Issuing Bank) and Mutual Trust Bank Limited got Gender Champion Award,
according to an ADB media release.

The ADB recognised leading partner banks at its fourth annual Trade
Finance Programme (TFP) Awards and Partners Dinner held on Tuesday in
Singapore. Over 200 guests from banks and other financial institutions around
the world attended the event.

One award recognises efforts to boost women in banking. A new award
category-the Momentum Award-was launched to recognise partner banks that
displayed the highest growth in transactions with TFP from 2017 to 2018.

Award categories included: Trade Deal of the Year, Best SME Trade Deal,
Most Progressive Bank on Gender Strategy and Supply Chain Finance Partner of
the Year.

“We’ve had amazing growth over the past 12 months,” said ADB’s Head of
Trade and Supply Chain Finance Steven Beck.

“We couldn’t have done this without our partner banks, which have helped
us to close over US$4 billion a year in trade finance market gaps. These
awards are a great opportunity to recognise and thank them for their work to
provide finance to companies, which helps create growth and jobs,” he added.

TFP provides guarantees and loans to banks for supporting trade. Backed by
ADB’s AAA credit rating, the programme works with over 200 partner banks to
provide companies with the financial support they need to engage in import
and export activities.

Since 2009, ADB’s TFP has supported more than 12,000 small and medium-
sized businesses across developing Asia– through over 16,600 transactions
valued at over US$30 billion– in sectors ranging from commodities and
capital goods to medical supplies and consumer goods.

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