Country Awards 2014 write-ups: Day 4

BANGLADESH

BEST COMMERCIAL BANK
City Bank

Political unrest and subdued economic activity made life difficult for banks in Bangladesh during 2013. City Bank responded with sound management and succeeded in improving asset quality and liquidity, while cutting its cost of funds and maintaining adequate capital.

Unlike neighbouring India, Bangladesh has a thriving private commercial banking industry with plenty of competition. There are bigger players than City Bank, but none that offer a more complete range of banking products and services.

Its retail customer base expanded by more than 12%, while the credit card portfolio grew by 17% helped...