City Bank arranges US$15m to support SME, RMG portfolios

- A Monitor Report 01 Jan, 2018 | 201 Views | 0 Comments
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City Bank has recently arranged US$ 15 million funds from Oesterreichische Entwicklungsbank AG (OeEB), the Austrian Development Bank, to support the growing need of the bank's SME, RMG and Offshore Banking portfolios
Dhaka : City Bank has recently arranged US$15 million funds from Oesterreichische Entwick-lungsbank AG (OeEB), the Austrian Development Bank, to support the growing need of the bank's SME, RMG and Offshore Ban-king portfolios.

A Financial Closure Cere-mony was organised in Vienna, Austria where Sohail RK Hussain, Mana-ging Director and CEO, City Bank, Andrea Hagman-nand, Executive Director, OeEB, Sabine Gaber, Managing Director, Invest-ment Finance Division signed a financing agreement on behalf of their respective organisations.

Also present were Sheikh Mohammad Maroof, DMD and Head of Wholesale Banking, Mahbub Jamil, Head of Structured Finance, City Bank and Ilka Vogeland, Vice President, Investment Finance, OeEB and other senior officials from both organisations.