EBL has been utilising IFC’s facilities to support international trade businesses, offshore banking, and FCY funding requirements of its customersThe International Finance Corporation (IFC) awarded Eastern Bank (EBL) as the "Best Partner for Equipment Trade in South Asia" under its Global Trade Finance programme. IFC’s ninth annual trade awards, held recently, recognised the partners’ leadership in providing trade finance in emerging markets, said a press release. It also said that EBL has been utilising IFC’s facilities to support international trade businesses, offshore banking, and FCY funding requirements of its customers. It ensures a win-win outcome for the partners including customers engaged, DFIs, global correspondent banks and EBL, said Ali Reza Iftekhar, managing director and CEO of EBL. The bank had previously won "Leading SME Trade Bank for 2020" from the Asian Development Bank.

Source: Dhaka Tribune December 17, 2020 15:45 UTC