Bangladesh's best bank for CSR 2021: The City Bank
Asiamoney is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
AwardsBest Bank Awards

Bangladesh's best bank for CSR 2021: The City Bank

The City Bank

Bangladesh was hit hard by the Covid-19 pandemic. Following safety measures is a luxury if these stop people going to work, especially in a country where the poverty rate is about 20%. The City Bank, under the leadership of managing director and chief executive Mashrur Arefin, stepped up to help the country face this new threat.

The lender has supplied 2 million Bangladeshis with a month’s supply of consumables, while its branches acted as relief centres in each district across the country. It also donated assisted-breathing equipment and ambulances to hospitals to support Covid-19 patients. Each employee of the bank also lent a hand, donating the equivalent of two days’ salary to support those affected by the coronavirus. The International Finance Corporation provided The City Bank with $30 million from its $8 billion Covid-19 fast-track financing facility to help small and medium-sized enterprises and corporates.

But Bangladesh has many other issues to face as well as Covid-19, including education, health, and support for underprivileged women and children.

The City Bank has partnered with the Dhaka-based research school North South University (NSU) to support women entrepreneurship through its City Alo Certification Program, a platform that aims to blend technical knowledge and other relevant skills for launching, managing and promoting businesses.