City Bank has been awarded as the top bank in the "Sustainability Rating" by Bangladesh Bank for the performance years 2020 and 2021.
For two consecutive years, City Bank won the Top-10 ban award from the central bank of Bangladesh, according to a press release.
On June 30 Bangladesh Bank arranged a ’Sustainability Rating Recognition Ceremony’ where Sheikh Mohammad Maroof, additional managing director and Chief Business officer of City Bank received the award from Fazle Kabir, Bangladesh Bank governor. Faruk Ahmed, DMD and head of Trade Services of City Bank, A K M Sajedur Rahman Khan and Abu Farah Md Nasser, deputy governor, Nurun Nahar, executive director, Khondkar Morshed Millat, director, and Chowdhury Liakat Ali, additional director, Bangladesh Bank, and CEO’s of rest nine awardee banks were also present at the award ceremony.
This rating has been categorized by Bangladesh Bank based on the banks' performance in four indicators, including Sustainable Finance, Green Refinance, Corporate Social Responsibilities (CSR) and Core Banking Sustainability.
Mashrur Arefin, MD and CEO, City Bank, has opined sustainability as one of the highest priorities of the bank.
City Bank took a step forward by joining the UN convened Net Zero Banking Alliance (NZBA) as the first bank in Bangladesh with the aim of supporting the transition to a low-carbon economy.
City Bank incorporates sustainable banking in its lending practices and motivates its customers to invest in the sustainable industry for the betterment of people and create a better planet for the future generation.
