City Bank arranges USD 43 million ECA backed financing for Anlima Energy Limited
City Bank has recently arranged fund for setting up a HFO based power plant of Anlima Energy Limited, with capacities of 116 MW at Patiya, Chittagong. ODDO BHF Aktiengesellschaft and Bayerische Landesbank of Germany have provided ECA (Euler Hermes) backed funding worth a total of USD 43 million through City Bank to implement the project.
A Signing Ceremony was organized in Frankfurt, Germany where City Bank MD & CEO Sohail R. K. Hussain, ODDO BHF Member of the Board Markus Beumer, Structured Export Finance Director Agnes Möglich and Bayerische Landesbank Senior Director & Head of Sales Trade & Export Finance Andreas Mayer signed the agreement on behalf of their respective organizations. Also present were City Bank DMD & Head of Wholesale Banking Sheikh Mohammad Maroof, Head of Structured Finance Mahbub Jamil, ODDO BHF Head of International Banking Arnaud Barthelemy, Bayerische Landesbank Senior Regional Manager Asia Helmut Rimmler and other high officials of the organizations.