AIIB, NDB Provide $75 Million Financing To City Bank

AIIB and NDB jointly lend USD75 million to City Bank PLC

The Asian Infrastructure Investment Bank (AIIB) and the New Development Bank (NDB) have signed a joint agreement with City Bank PLC to provide USD 75 million in long-term financing. Under the arrangement, AIIB will extend USD 50 million and NDB USD 25 million.

The facility will fund private sector projects in Bangladesh, focusing on renewable energy, sustainable infrastructure, energy efficiency, e-mobility, and digital infrastructure. It aims to help narrow the country’s infrastructure financing gap and strengthen investment in key growth sectors.

The agreement was signed by Mashrur Arefin, Managing Director and CEO of City Bank PLC; Gregory Liu, Director General at AIIB; and Roman Serov, Vice President and COO, along with Bin Hun, Director General at NDB. Senior officials of City Bank also attended the signing event.

This initiative marks AIIB’s first on-lending facility to a private bank or organisation in Bangladesh without sovereign guarantees. By enabling longer-term loans, it is expected to mobilise private sector capital and support infrastructure development nationwide.

Mashrur Arefin said the partnership reflects AIIB’s and NDB’s confidence in City Bank and will empower the bank to accelerate investment in renewable energy and infrastructure projects, vital for achieving Bangladesh’s sustainable development goals.

The credit facility highlights the commitment of AIIB and NDB to foster resilient and sustainable infrastructure ecosystems across member economies through strategic partnerships with leading financial institutions.