Business

SCB recoginsed as “Market Leader for Trade Finance”


Published : 15 May 2022 09:14 PM

Standard Chartered Bangladesh (SCB) has been recognised as the “Market Leader for Trade Finance” in Bangladesh as part of the 2022 Euromoney Trade Finance Survey and the 2022 Asiamoney Trade Finance Survey. 

Conducted by Euromoney and Asiamoney respectively, the surveys aggregate and analyse independent client responses. Divided into quantitative and qualitative sections, each survey asks clients to comment on their use of trade finance services and nominate their top providers. 

Providers who meet the criteria and necessary provisions of having the greatest market share globally, regionally, and locally are designated as Market Leaders. Clients are also asked to evaluate the quality of service provided by financial institutions as part of the survey.

The 2022 surveys saw responses from over 10,700 individual clients – emphasising Standard Chartered Bangladesh’s strong presence in and contribution to the trade finance space. 

Naser Ezaz Bijoy, Chief Executive Officer, Standard Chartered Bangladesh said, “The greatest asset of any financial institution is the trust placed in us by our clients and the communities we serve. We are humbled to be recognised as Market Leader for Trade Finance by the Euromoney and Asiamoney Trade Finance Surveys based on clients’ feedback, which is a testament to the trust earned over 117 years uninterrupted service in Bangladesh. As one of the longest standing partners in progress to Bangladesh, it has been our mission to be the trusted gateway to Bangladesh, starting with executing the first sovereign LC for sovereign Bangladesh and today enabling around 14% of country trade.”

Enamul Huque, Managing Director, Head of Client Coverage, Corporate, Commercial & Institutional Banking, SCB said, “Winning Market Leader for Trade Finance in both the 2022 Euromoney Trade Finance Survey and the 2022 Asiamoney Trade Finance Survey is an honour – especially because this win is based on client opinions and testimony. We are grateful to our clients for their votes of confidence and to our regulators and stakeholders for working in concert with us during these unprecedented times.”

Euromoney is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of global media group Euromoney Institutional Investor PLC. Euromoney covers global banking, macroeconomics, and capital markets, including debt and equity.  Established in 1989, Asiamoney, is a financial publication focused on publishing content related to business and finance. Asiamoney provides stakeholders with relevant insights, reports, and analyses.