NDB Capital Ltd has recently been awarded with the best investment bank in Bangladesh award for 2014 by Euromoney.
This is the first time that Euromoney has recognised and accredited an investment bank from Bangladesh, Euromoney said in a statement yesterday.
Mahbub Jamil, head of structured finance at NDB, and Sharawwat Islam, head of operations, received the award in Hong Kong recently.
Euromoney's Awards for Excellence covers more than 20 global product categories, best-in-class awards in all regions and the best banks in close to 100 countries around the world, according to the statement.
The award evaluated NDB's last year's performance and its role in introducing new instruments to the Bangladesh capital market, Euromoney said.
NDB's sister company in Sri Lanka, NDB Investment Bank, has also been awarded the Best Investment Bank in Sri Lanka for 2014, according to the statement.
“This is only the beginning of many more new capital market products that we plan to introduce in Bangladesh,” said Vajira Kulatilaka, investment banking cluster chief executive at NDB.
NDB Capital is a limited liability company incorporated in Bangladesh whose major shareholder is National Development Bank Plc of Sri Lanka, and it functions as a full-fledged merchant bank licensed by the Bangladesh Securities and Exchange Commission.