The ADB TSCFP awards were announced through a virtual award ceremony on Wednesday held in Singapore
The Asian Development Bank (ADB) has recognised Prime Bank as the "Gender Champion" in 2020.
ADB has also conferred "Best Green Deal" Award to Prime Bank, said a press release on Wednesday.
ADB's Trade and Supply Chain Finance Program (TSCFP) awards are given to the institutions that work passionately to foster economic growth through gender equality and sustainability measures.
The ADB TSCFP awards were announced through a virtual award ceremony on Wednesday held in Singapore. Prime Bank Managing Director and CEO Rahel Ahmed and senior officials of the bank joined the ceremony.
ADB has cited the key determining factors in conferring the Gender Champion award to Prime Bank that includes: a balanced representation of women at entry and senior level, maintaining a percentage of women employees well above the industry average, an effective management trainee recruitment programme to attract talented resources, promoting women centric initiatives through social media, policies for a safe and secured work culture, facilitating the voice of the female officials through active women forum and unique women initiative – NEERA to drive inclusiveness of women of all statures, the press release added.
The "Best Green Deal Award" was given in recognition of the bank's efforts in reducing environmental externalities and risk perceptions with investing in green finance - particularly for financing Effluent Treatment Plant (ETP) at factories of its corporate clients.
The bank's one particular investment result in an elimination of a wastage of 265,000 M3 by cleaning dyeing waste water as per Department of Environment (DOE) standard and then released back into canals and lakes.
On winning the awards, Prime Bank Managing Director and CEO Rahel Ahmed said: "Gender diversity is embedded in the culture of the bank. Our motto to stimulate inclusiveness for all, ensures gender diversity at the workplace; a large number of female employees is the reflection of our journey towards diversity. Our women friendly policies render a safe working environment and provide capacity building trainings. These measures have resulted in skill enhancements, boosting their confidence to climb the career ladder and to continue excelling without giving in to societal barriers, stereotypes and prejudices. Winning both of these prestigious ADB Awards will further inspire us to make new strides in gender equality and environmental sustainability."