5th June 2023
EP Report

Infrastructure Development Company Limited (IDCOL) has been awarded the prestigious “FinanceAsia Awards 2023” in the “Best Sustainable Bank” category in Bangladesh.

 

The award was announced by FinanceAsia magazine, a Hong Kong-based publication reporting on Asia’s financial and capital markets.

 

The award celebrates institutions that showed determination to deliver desirable outcomes through the display of commercial and technical expertise. This year marks the 27th edition of the FinanceAsia award.

 

IDCOL – a non-bank financial institution under the Economic Relations Division – catalyzes private sector investment in infrastructure, renewable energy, energy efficiency and PPP projects in Bangladesh.

 

IDCOL has been selected as a winner based on its financial performance in 2022; notable recent transactions for providing cross-border advisory services to the Government of Malawi and extending a credit facility to a university as well as a large-scale energy-efficient commercial building in 2022; and its vision for the future as well as its strategy to realize the vision.

 

Mr. Alamgir Morshed, Executive Director & CEO of IDCOL expressed his sincere gratitude to FinanceAsia magazine for acknowledging IDCOL’s contribution.


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