Rubel Aziz, chairman of The City Bank, and K Mahmood Sattar, managing director, pose with the 'Best Bank in Bangladesh for 2012' award from FinanceAsia recently. FinanceAsia is a leading financial publication in the Asia-Pacific region.

City Bank was named the 'Best Bank in Bangladesh for 2012' by FinanceAsia, a leading financial publication in the Asia-Pacific region, the Bank said in a statement yesterday.

FinanceAsia's gave the award in local bank category in Bangladesh for the first time this year.

The Bank was evaluated on its performance in the past year, its financial statures, vision and long-term strategies.

Rubel Aziz, chairman of City Bank, and K Mahmood Sattar, chief executive officer and managing director, received the award.

"This is the first year we are awarding in the local bank category in Bangladesh and we have selected City Bank for its leadership in risk management and its plan for steady and sustainable growth,” FinanceAsia said in its award presentation.

It is the Best Bank in terms of adopting global best practices, which in an emerging market is extraordinarily important, it added.

Rubel Aziz, chairman, said, “City Bank's name is now synonymous with large scale successful transformation and a brand that changed into a household name as if almost overnight.”

News: The Daily Star/Bangladesh/04-Sep-12