| Project Detail |
To promote sustainable infrastructure projects in Bangladesh by providing mid to long-term financing to the private sector, thereby fostering sustainable economic growth. DESCRIPTION The proposed Project is a senior unsecured term loan of USD50 million to City Bank PLC (CBL) to finance multi-sector infrastructure and energy-efficient sub-projects in Bangladesh. CBL will use the loan proceeds from AIIB to extend financing to sub-borrowers involved in infrastructure development and energy-efficient activities across the country. Established in 1983, CBL is a leading private commercial bank headquartered in Dhaka, Bangladesh. Known for its universal banking approach, CBL offers a wide range of services, including retail, corporate, small and medium-sized enterprise (SME), women, and digital banking, along with asset management, equity brokerage, and securities. CBL also specializes in Islamic banking, investment banking, and remittance services, with a strategic focus on expanding its retail and SME segments to diversify its portfolio. |
