ISLAMABAD: Habib Metropolitan Bank is among the 12 banks of Asia and the Pacific region that have won an Asian Development Bank (ADB) award for their role in supporting trade.
All the awardees, except JP Morgan Chase, are partner banks of ADB’s Trade Finance Program (TFP). They were presented with the awards at a ceremony held in Manila, Philippines, on Thursday.
The TFP helps fill market gaps for trade finance in developing Asia by providing guarantees and loans to banks to support trade. Backed by ADB’s ‘AAA’ credit rating, the program works with over 200 partner banks to provide companies with the financial support they need to engage in import and export activities.
