City Bank recently held a meeting at its head office with a high-level delegation from the International Islamic Trade Finance Corporation (ITFC), a member institution of the Islamic Development Bank (IsDB) Group. The delegation was led by ITFC Chief Executive Officer Engr. H. E. H. Adib Youssef Al-Aama, along with other senior ITFC representatives. City Bank’s delegation was headed by Managing Director and Chief Executive Officer Mashrur Arefin. Other senior members of the bank’s management team were also present.

City Bank has maintained a strong and productive relationship with ITFC since 2019. The bank currently has a US$40 million Murabaha financing facility with ITFC, including a US$10 million syndicated facility. The facility supports the bank’s trade finance operations and plays an important role in facilitating the expansion of international trade.

During the meeting, both sides reaffirmed the strong strategic partnership between City Bank PLC and ITFC. They also discussed potential areas for further cooperation, particularly in export financing, green financing, and expanding intra-OIC trade transactions among OIC member countries.

City Bank considers the high-level meeting an important step toward expanding Shariah-compliant trade finance solutions, supporting Bangladesh’s key trade sectors, strengthening international trade connectivity, and contributing to the country’s broader economic growth.