Quick Facts

Where the impacts of the investment may be experienced.
  • Bangladesh
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Approved
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-11-17
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: CityBank Limited
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2018-03-15

Project Description

This project provided funding to The City Bank Limtied which will then support the forign currency it take to import and export Bangladeshi companies. 


Investment Description
Private Actors

The CityBank Limited, established in Bangladesh in 1983, is one of the oldest private commercial banks and FMO client since 2012 with good track record. The CityBank Limited is a dynamic bank with focus on corporate lending and SME lending, Retail lending and experienced and strong management. The CityBank Limited's profile offers a solid fundament to broaden services to trade finance, financing of Small and Medium Enterprises and corporate clients, retail and agribusiness activities.

Contact Information

*No contacts available at the time of writing