Brac, City Bank, IDLC Finance retain top spots

Brac Bank, The City Bank and IDLC Finance Ltd were named as the top banks and non-banks for the third consecutive year in the central bank's Sustainability Rating for 2022.

Other banks included in the list are Jamuna Bank, Prime Bank, Shahjalal Islami Bank Limited, Trust Bank, and United Commercial Bank.

Agrani SME Financing Company and Bangladesh Finance were included in the list under the non-bank financial institution category for two consecutive years.

Lankan Alliance Finance made it to the list in the same category for the first time since the rating was rolled out in 2020.

Sustainable finance indicators include banks and financial institutions' sustainable finance performance, including green finance, priority sustainable agriculture and cottage, micro, small and medium enterprise finance, access to sustainable finance for women, in-house green banking performances, environment and social risk management compliance, and participation in green investment.

Timely intervention by the board of directors in any sustainable finance issues, capacity-building initiatives and sustainable finance disclosures are also be evaluated in the rating, according to the central bank.