Infrastructure Development Company Limited (IDCOL) has been awarded the prestigious “Best Sustainable Bank – Bangladesh” at the FinanceAsia Awards 2025, recognizing its pioneering role in financing climate-smart infrastructure, renewable energy, and green industrial transformation projects in the country. This marks the third consecutive year of recognition for IDCOL by FinanceAsia, underscoring its consistent leadership in sustainable banking and impactful development finance. Mr. Alamgir Morshed, Executive Director & CEO of IDCOL received the award on behalf of the organization at the Awards Gala Dinner hosted in Hong Kong on 17th June 2025.
IDCOL was recognized for key transactions during the year which included financing of one of Bangladesh’s largest grid-tied solar power plants as the Mandated Lead Arranger; financing of an energy-efficient steel melting project; and fund management of a World Bank financed off-grid electrification facility in Malawi, which has ensured clean energy access to more than 1 million rural beneficiaries of that country.
Mr. Alamgir Morshed conveyed his deep appreciation to FinanceAsia for recognizing IDCOL’s efforts. He extended his gratitude to all stakeholders for their unwavering support and confidence in the organization. He added that these prestigious international awards stand as a reflection of IDCOL’s meaningful contributions to sustainable financing, driving economic progress while strengthening Bangladesh’s resilience to environmental challenges.
