The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
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.

The

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree