ITFC extends Murabaha trade finance facility to City Bank


International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has announced the extension of its Murabaha Trade Finance Facility to US$45m for City Bank under a syndicated arrangement.

TAccoring to the press release, this is the highest amount of trade finance line provided to a private commercial bank by ITFC.

Expanding this facility will enable City Bank to accommodate more clients and conduct cross border trade in a more cost effective way.


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Posted on Jan 8, 2024
Region: Bangladesh
trade finance
ITFC, International Islamic Trade Finance Corporation, Islamic Development Bank, City Bank