StanChart wins "Best Bank" award for Excellence 2023

Standard Chartered has earned the prestigious title of "Best Bank" in Bangladesh at Euromoney Awards for Excellence 2023.

This milestone victory is recognition of the Bank's long-standing push to embrace digitalisation and disruption - a strategy that has enabled Standard Chartered to stand at the forefront of financial innovation, said a press release day.

The Bank was also honoured as part of this year's Euromoney Awards for Excellence for launching inventive and impactful community projects, adopting a concentrated focus on accelerating zero, and creating new opportunities for countless stakeholders.

In recent months, Standard Chartered Bangladesh continued its pioneering streak with a number of 'firsts' for the country - including the transmission of the first end-to-end digital cross-border Letter of Credit, the completion of the first automated over-the-weekend loan disbursement, the launch of new and original digital learning tools, the implementation of bespoke industry-first solutions for clients, and various community engagement and sustainability initiatives focused on being here for good.

Naser Ezaz Bijoy, chief executive officer of Standard Chartered, said: "As the nation's long-term partner in progress, Standard Chartered has consistently been linked to Bangladesh's inspiring story of growth and resilience. Digitalisation has been a key focus area for us, and the push to go cashless is tied to the Bank's ambition of creating a more inclusive and accessible financial space- one that places innovative, market-leading solutions in the hands of our stakeholders. These awards, coupled with support from our valued stakeholders and well-wishers, inspire us to keep moving forward in the service of our nation."

For more than 118 years, Standard Chartered has remained dedicated to driving commerce and development by investing in communities, expanding the reach and scale of services to promote greater inclusion, and by creating new opportunities for stakeholders. Standard Chartered's commitment to supporting Bangladesh's continued journey of prosperity saw the Bank secure over 25 major international awards in 2022.

Euromoney Magazine was launched in 1969 to cover the emergence of the international cross-border capital markets. The Euromoney's Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry.

They remain the worldwide gold standard in this regard and are determined by an editorial panel of judges following a three-month research and interview process.

/MHK/