City Bank has received the ‘Syndicated Loan of the Year Bangladesh Award 2019’ from Asian Banking & Finance.
The bank’s managing director and CEO Mashrur Arefin received the award on behalf of the Bank in an event in Singapore recently, said a media release issued by the bank.
City Bank has received this accolade for arranging long term Foreign Currency debt for Banco Energy Generation Limited, a 53.97MW HFO based power plant of Doreen Group with a project size of USD 51 million.
Asian Banking & Finance is the industry magazine serving Asia’s dynamical financial services industry.
Since 2012, Asian Banking & Finance has been recognising the most outstanding practices and the innovative strategies in Asia's wholesale banking sector.