City Bank Subsidiary in Hong Kong

To ensure end to end service to our corporate customers who are engaged in trade finance with their business partners in Hong Kong, we are in the process of opening up our overseas finance company City Hong Kong Limited (a subsidiary of City Bank Limited) in the business district of Kowloon in Hong Kong subject to approval from the regulatory authorities in Hong Kong. We have already received approval from Bangladesh Bank.

We strongly believe this will have a major contribution to the trade growth of Bangladesh, especially the country’s RMG and other sectors.