Dhaka, Bangladesh (BBN)– Islami Bank Bangladesh Limited (IBBL) has been selected by The Banker, a magazine owned by The Financial Times, as the recipient of Bank of the Year in Bangladesh 2016 Award.
The United Kingdom (UK)-based prestigious financial magazine has already announced the award in recognition of the IBBL role in promoting the country’s overall economic activities.
Mohammad Abdul Mannan, managing director and chief executive officer (CEO) of IBBL, is set to leave the capital Dhaka for London Monday night to receive the Award.
The awards giving ceremony is scheduled to be held in London on December 7 where 400 senior bankers from across the world are expected to gather to celebrate their achievements, according to the organizer.
“The Banker’s ‘Bank of the Year Awards’ are regarded as the Oscars of the banking industry,” the financial magazine said in its publication.
For 90 years, The Bankers has been the world’s leading monthly journal of record for the international banking and finance community. The aim of the awards programme is to highlight industry-wide excellence within the global banking system.
It also said The Banker selects one wining bank for each of the 120 countries judged. Over 1,000 applications are collected and months of judging takes place.
“The IBBL is running its all activities with giving priority to the welfare of mass people, not only its board of directors and shareholders,” Mr. Mannan told BBN in Dhaka while explaining the main objective of the country’s leading Shariah-based bank.
He also said the IBBL has been working to ensure equity and justice in all economic activities for achieving a sustainable and balanced growth and equitable socio-economic development since its inception on March 30, 1983.
“We extend our investment portfolios in mitigating actual need of the people, not coup against the fulfillment of greed of some people,” the senior banker explained.
Mr. Mannan also Vice- Chairman of the Association of Bankers, Bangladesh (ABB) said the IBBL is now the 939th bank of the world’s best 1000 banks and awarded as the ‘Best Management Bank in Bangladesh’ by the Asian Bankers.
“The IBBL is a bank of all people, regardless of party-ideology-religion-caste-creed-class-profession. It is the property of the country and its people,” the CEO noted.