Tbilisi (GBC) – Basisbank has won the Best Green Deal award at the Asian Development Bank’s (ADB) annual Awards ceremonyin Singapore on 5 September 2023.
The award for the trading period July 2022-June 2023 recognizes a trade finance transaction supported by ADB’s Trade Finance Program (TFP) that specifically contains environmental sustainability components.
Basisbank was acknowledged for its commitment to supporting its clients in their efforts to reduce climate change and move beyond net-zero to build a sustainable economy. This approach brings added value that has a tangible positive impact on climate change.
“We’re delighted to have won ADB’s TFP Best Green Deal award as it is one of the most prestigious awards for us which echoes our bank’s commitment to climate alignment, environmental sustainability and cross-border trade. We would like to thank ADB for recognizing our efforts and supporting us over the years. We continuously build our expertise and partnerships to accelerate climate-aligned financing and help our customers develop practical and scalable solutions to mitigate climate risks,” Basibank General Director David Tsaava says.
Basisbank Group is the fourth largest financial group in Georgia with a market presence of 30 years. The group, that covers insurance and leasing markets as well, delivers top-notch services to more than 200,000 business and retail clients through its multi-channel distribution platform (with a strategic focus on digital channels) and a network of 40 branches throughout Georgia.
About Asian Development Bank
Established in 1966, Asian Development Bank (ADB) covers 68 countries, including 49 from the Asian region. With an AAA credit rating and over 250 partner banks, Asian Development Bank’s Trade Finance Program (TFP) provides financial access to trading sector with credit resources and guarantees, hence facilitating economic growth and creating new jobs, subsequently improving living standards. TFP initiatives facilitate global trade and supply chain participants to develop as environmentally conscious, sustainable, inclusive, transparent and socially responsible entities and aim for the successful, multilateral, resilient and sustainable development of the Asia-Pacific region. ADB is also committed to eradicating extreme poverty in the region.