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BIM wins ADFIAP Outstanding Development Project Award

(SHADA: TEHRAN) – Irans Bank of Industry and Mine (BIM) will be receiving in a formal ceremony in Moscow the ADFIAP Outstanding Development Project Award 2014 in late May.

The award recognises and honours member-banks which have undertaken and/or assisted projects that have created a development impact in their respective countries.

Awards are given to members, which in the judgment of the ADFIAP Awards Board, have implemented or enhanced outstanding and innovative development projects during the immediate past year.

The award comes in nine categories: human resource development, environmental development, SME development, infrastructure development, technology development, trade development, local economic development, development finance – led poverty reduction, and corporate governance. BIM is receiving the honour under the ‘SME Development’ category.

The Iranian development bank had also received the ADFIAP kudos in 2007, 2008 and 2012 for infrastructure development, trade development and human resource development, respectively.