City Bank has entered into an agreement with IFC to participate in the Global Trade Finance Program (GTFP) as a confirming bank, a release said Tuesday. With this, City Bank has become the first bank in Bangladesh to participate in the program as a confirming bank. Sheikh Mohammad Maroof, Additional Managing Director
Tag: City Bank
City Bank arranges funding for power plant in Cumilla
CDC Group announces $30m trade finance loan to City Bank
CDC Group, the UK’s development finance institution and impact investor, has announced the close of a $30 million trade finance loan to City Bank. The loan facility will provide systemic liquidity that will support continued import and export activities and help bolster the country’s economic growth. CDC’s investment will enable City Bank
Zabid Iqbal becomes new DMD of City bank
City Bank’s credit risk officer (CRO) Zabid Iqbal has been promoted as deputy managing director recently, a press release said on Tuesday. Prior to joining City bank, Zabid Iqbal was the deputy CEO of Kathmandu-based Nepal Bangladesh Bank, a joint venture between IFIC bank Bangladesh and Nepalese investors. The release said, he
City Bank re-elects Chairman and Vice Chairman
City Bank wins ‘Best Bank in Bangladesh 2021’ award
City Bank has been named as ‘Best bank in Bangladesh 2021’ by the renowned international publication – Finance Asia, said a press release. The Hong Kong-based journal awarded City Bank for the seventh time starting in 2012 in recognition of its consistent good performance and innovations in banking services. The award reflects