HNB and Standard Chartered triumph with the 'Best Trade Deal of the Year' award

Recognizing their contribution to supporting trade in Asia and the Pacific, HNB and Standard Chartered Bank were awarded top honors, receiving the coveted 'Best Trade Deal of the Year' award for Issuing Bank and Confirming Bank, respectively, at the Trade and Supply Chain Finance Program (TSCFP) Awards organized by the Asian Development Bank (ADB).

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The banks were acknowledged for their vital role in a transaction that facilitated the import of 200 metric tons of milk powder to Sri Lanka during a critical period of milk shortages caused by depleted foreign reserves, surging inflation, and challenges in opening Letters of Credit (LCs).