Written by The Banking Post
Prime Bank PLC has been awarded the ‘Sustainability Rating 2024’ by Bangladesh Bank, marking the third year in a row the lender has earned the honour. The recognition underscores the bank’s strong commitment to sustainability, green financing, and responsible banking practices.
The award was handed to Hassan O. Rashid, Chief Executive Officer of Prime Bank, by Dr Ahsan H. Mansur, Governor of Bangladesh Bank, at a ceremony organised by the central bank. The event was also attended by Deputy Governor Nurun Nahar, Chowdhury Liakot Ali, Director of the Sustainable Finance Department, and senior executives from Prime Bank including Faisal Rahman, Additional Managing Director, and Md. Ziaur Rahman, Deputy Managing Director & Chief Risk Officer.
Bangladesh Bank introduced the Sustainability Rating in 2020 to encourage banks and financial institutions to embed environmental, social and governance (ESG) principles into their operations. The evaluation is based on five key indicators: the Sustainable Finance Index, CSR activities, Green Project Financing, the Core Banking Sustainability Index, and Banking Services Coverage.
Prime Bank’s consistent performance in areas such as green refinancing, sustainable core banking operations and corporate social responsibility has kept it at the forefront of sustainability-driven financial institutions in Bangladesh.
