DHAKA, Jan 10, 2022 (BSS) - Standard Chartered was named the Best Trade 
Finance Provider for Bangladesh in 2021 by Global Finance, a leading 
international finance magazine.

     The publication recently 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, scope of 
global coverage, customer service, competitive pricing and innovative 
technologies.

     Naser Ezaz Bijoy, CEO, Standard Chartered Bangladesh said, "I am happy 
to be receiving the Best Trade Finance Provider award for the second 
consecutive year from Global Finance. First and foremost, I would like to 
thank our clients, regulators and stakeholders for giving us the opportunity 
to remain their most trusted partner in progress. 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."

     Standard Chartered remains the leading international bank in 
facilitating global trade for Bangladesh. 

     It offers a comprehensive proposition across the trade ecosystem, and 
has delivered a number of firsts and unique offerings in Bangladesh in recent 
times including: first bank to issue LC on Blockchain in 2020; first bank to 
execute a Sustainable Trade Financing deal in the country in 2021; only 
global bank that offers paperless, fully automated Distributor Financing; 
promoting digitisation through introduction of Digital Trade Counter for the 
first time in Bangladesh in 2021; first bank to execute trade transaction 
using alternate Risk Free Rate in place of LIBOR in 2021.

     Global Finance is a widely read magazine with a circulation of 50,000 
and readers in 193 countries. Global Finance's audience includes senior 
corporate and financial officers responsible for making investment and 
strategic decisions at multinational companies and financial institutions. 

     Global Finance regularly selects the top performers among banks and 
other providers of financial services. These awards have become a trusted 
standard of excellence for the global financial community.

     With over 116 years of uninterrupted presence in Bangladesh, Standard 
Chartered is the only multinational universal Bank in the country with a 
unique blend of deep-rooted local presence and capacity to capitalise on its 
global network and product coverage. 

     The bank has been a committed partner in progress to Bangladesh, 
facilitating major investments in power, energy, transportation and urban 
development. The 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. 

    At the same time, the bank commands a leading position in the retail 
finance space, with strong share of card spend, consistently growing internet 
banking users and the launch of a number of innovative products.