In a remarkable feat, Bangladesh Finance has once again clinched the title of a premier sustainable financial institution for the second consecutive year. The distinguished honor acknowledges the company’s steadfast dedication to sustainability and responsible financial practices. Md. Kyser Hamid, the respected Managing Director and CEO of Bangladesh Finance, was presented with the prestigious award by Abdur Rouf Talukder, the Governor of Bangladesh Bank.
The prestigious award ceremony partakes on the afternoon of August 29, 2023, within the grand confines of the Jahangir Alam Conference Center, hosted by the Central Bank. The event witnessed Abdur Rouf Talukder, the Governor of Bangladesh Bank, extolling the exemplary efforts of sustainable banks and financial entities that have showcased an unwavering commitment to sustainable business models.
Bangladesh Bank laid bare the pivotal criteria that underpinned the bestowal of this esteemed recognition. The parameters encompassed maintaining an impressively low non-performing loan ratio, fostering sustainable financial avenues for small and medium-sized enterprises, championing eco-friendly refinancing, actively participating in corporate social responsibility endeavors, ensuring comprehensive banking coverage, and upholding the tenets of core banking sustainability. The focal point of the selection process was notably the sustainable financing index.
In the wake of the award announcement, the Managing Director & CEO of Bangladesh Finance, Md. Kyser Hamid, conveyed his gratitude and exuberance. He revealed that an impressive 29% of the institution’s total investments have been directed towards the Credit Micro, Small, and Medium-sized Enterprise (CMSME) sector. Bangladesh Finance’s commitment to financial support extends beyond urban epicenters, encompassing the farthest reaches of the nation to empower a myriad of micro and small-scale entrepreneurs. In locales where physical branches are conspicuously absent, the institution has fostered strategic alliances with diverse organizations to dispense vital loan facilities.
Furthermore, Bangladesh Finance has assumed a proactive role in advancing financial inclusion for marginalized agricultural entrepreneurs across the nation. The institution’s financial outreach spans across nearly 40 districts, transcending the limitations of traditional branch banking through pioneering digital financing methodologies.
The event was graced by the presence of eminent officials from Bangladesh Bank, including the Deputy Governor Nurun Nahar and Executive Director Md. Khurshid Alam, thereby underscoring the monumental import of this accomplishment in the realm of sustainable finance.
