Karachi: National Bank of Pakistan (NBP) has won the “Bank Trade Deal of the Year” award at the Trade Finance Program (TFP) Awards announced by the Asian Development Bank (ADB).
The award ceremony was organized by ADB at a dinner held in Singapore recently where it announced the winners of its third annual TFP Awards. More than 150 guests from banks and other financial institutions around the world attended the event.
Mr. Saeed Ahmad, President and CEO, NBP said, “It is a great honor for NBP to be recognized by an international premier development institution, the Asian Development Bank. The award shows NBP’s commitment to delivering a high standard of service, both at national and international levels to its clients. This award is yet another demonstration of NBP's role as a catalyst for economic growth, serving the diverse needs of the country through its large branch network, universal banking capabilities and multiple delivery channels.”
The TFP Awards recognized 18 leading partner banks from 17 countries. TFP provides guarantees and loans to over 200 partner banks to support trade. Backed by ADB’s AAA credit rating, the program works with over 200 partner banks, including NBP, to provide companies with the financial support they need to engage in import and export activities.
NBP has proven to be an internationally acclaimed and awarded institution. Apart from domestic awards, the Bank has earned a number of international awards and accolades from leading publications, including “The Banker” magazine, which termed NBP as the top bank of Pakistan in its Top 1000 World Bank’s ranking in recent past. The bank also received “Retail Banking Award” in the recent past and “Domestic Retail Bank of the Year Pakistan” from “Asian Banking & Finance” magazine for the year 2017. Global Finance magazine selected NBP as “The Best Emerging Markets Bank” and “Best Foreign Exchange Bank in Pakistan”. FTSE4Good Index Series has also listed National Bank of Pakistan in June 2017 in its index due to NBP’s strong contribution towards environmental and social governance in Pakistan.