Standard Chartered Recognized as “Trade Finance Market Leader”

Standard Chartered Bangladesh has been recognized as the “Trade Finance Market Leader” in Bangladesh in the Euromoney Trade Finance Survey and Asiamoney Trade Finance Survey 2022.

Conducted by Euromoney and Asiamoney respectively, the 2022 surveys received responses from over 10,700 individual customers, highlighting Standard Chartered Bangladesh’s contribution to the trade finance space, according to a press release.

Naser Ezaz Bijoy, Managing Director, Standard Chartered Bangladesh said: “The greatest asset of any financial institution is the trust placed in us by our customers and the communities we serve. We are honored to be recognized as a ‘trade finance market leader’ by trade finance surveys of Euromoney and Asiamoney trading based on customer feedback, which is a testament to the trust earned over 117 years of uninterrupted service in Bangladesh.”

“As one of the longest standing partners of ongoing Bangladesh, our mission has been to be the trusted gateway to Bangladesh, starting with the execution of the first Sovereign LC for Sovereign Bangladesh and enabling approximately 14% of the country’s commerce today. The past two years have seen us grow and evolve to meet the needs of customers and the community – and I’m excited to continue to do so in the months and years to come. come,” he added.

Enamul Huque, Managing Director, Head of Client Coverage, Corporate, Commercial and Institutional Banking, Standard Chartered Bangladesh, said: “Winning the title of Trade Finance Market Leader in both surveys is an honor. , especially because this win is based on customer opinions and testimonials. We are grateful to our customers for their votes of confidence and to our regulators and stakeholders for working with us in these unprecedented times.”

According to the press release, Standard Chartered Bangladesh is playing a key role in leading and shaping the trade finance space. In 2021 alone, Standard Chartered Bangladesh launched the first trade finance transaction using the Risk Free Rate (RFR) – to support and accelerate the transition from LIBOR. The bank executed the country’s first local sustainable trade finance transaction. She launched the country’s first digital trading desk and organized the first-ever green bond in Bangladesh for Pran Agro Limited, a PRAN-RFL Group company, as well as the first zero-coupon green bond for the SAJIDA Foundation.

Euromoney is an English-language monthly magazine focusing on business and finance. Established in 1989, Asiamoney is a financial publication focused on publishing content related to business and finance.