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Prime Bank secures three awards

FE DESK | May 15, 2024 00:00:00

Prime Bank received accolades in three categories at The Asset Triple A Awards 2023 in Bangladesh, cementing its position as a leader in sustainable finance.

The bank was recognised in the catagoreis of "Best Syndicated Loan - Microfinance & Agribusiness," "Best Syndicated Loan - Energy Efficiency," and "Best Loan Advisor" in Sustainable Finance, according to a press statement.

These prestigious awards were attributed to the exceptional projects led by the debt capital market team at Prime Bank. The "Best Syndicated Loan - Microfinance & Agribusiness" was bestowed upon Prime Bank for its syndicated term financing of Tk 5 billion for Sajida Foundation. Similarly, the bank secured the "Best Syndicated Loan - Energy Efficiency" award for its syndicated term financing of $26 million for Meghna Ceramic Industries.

In addition to these accomplishments, Prime Bank has recently been awarded as the Best Private Commercial Bank and Most Sustainable Bank in Bangladesh 2024 by Brands Review Magazine. Furthermore, the bank was honoured as the Most Innovative SME Bank in Bangladesh by the International Finance Award.

Faisal Rahman, additional managing director of Prime Bank, underscored the significance of these awards, citing the bank's dedication to sustainable finance and its role in driving economic development.

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