The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) are jointly providing long-term financing of USD 75 million (equivalent to BDT 9 billion) to the private sector’s City Bank. Of the total amount, AIIB will provide $50 million, and NDB will provide $25 million. A tripartite agreement was recently signed between the three organizations.

This financing will supply long-term capital for various private sector projects in Bangladesh, particularly in the renewable energy and sustainable infrastructure sectors. The funding aims to help bridge the infrastructure financing gap in the country and accelerate investments in power, energy efficiency, e-mobility, and digital infrastructure.

Mashrur Arefin, Managing Director and CEO of City Bank,Gregory Liu, Director General of the Financial Institutions and Funds Clients Division at AIIB,Roman Serev, Vice President and COO of NDB, and Bin Han, Director General at NDB.
Also present at the event was Mesbaul Asif Siddiqui, Deputy Managing Director and Head of Wholesale Banking at City Bank.

City Bank stated that this is the first-ever loan from AIIB to any private bank or institution in Bangladesh without a sovereign guarantee. This financing will boost capital investment in the private sector, create opportunities for long-term infrastructure lending, and support project implementation in critical sectors.

Mashrur Arefin, MD and CEO of City Bank, said This long-term financing partnership with AIIB and NDB reflects their trust in City Bank. It will enable us to accelerate investments in renewable energy and infrastructure, which are crucial for achieving the country’s sustainable development goals.”