City Bank was named the ‘Best Bank in Bangladesh’ at Euromoney’s Awards for Excellence 2014.

Euromoney is world’s leading financial publication read by high-ranking financial decision makers in more than 100 countries, said a press release.

The award was announced at an award ceremony in Hong Kong which was attended by 500 leading bankers from across the globe.

Sohail R K Hussain, Managing Director and CEO of City Bank received the award on behalf of the bank.

This is the first year of Euromoney extending the award to Bangladesh and City Bank has become the winner of the inaugural award.

In presenting the Best Bank in Bangladesh award to City Bank, Euromoney said, “During a period of political and economic instability, City Bank of Bangladesh thrived. Across a range of businesses, City Bank embraced change in a way its rivals struggled to match.”