City Bank arranges $15m to support SME, RMG portfolios

City Bank has recently arranged USD 15 million funds from Oesterreichische Entwicklungs bank AG (OeEB), the Austrian Development Bank to support the growing need of the Bank's SME, RMG and Offshore Banking portfolios.

A Financial Closure Ceremony was organised in Vienna, Austria where City Bank Managing Director & CEO Sohail R. K. Hussain, OeEB Executive Director Andrea Hagmann and Managing Director, Investment Finance Division Sabine Gaber signed a financing agreement on behalf of their respective organisations, said a statement.