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GTFP CUB

Sector: Oil and Gas • Location: India

Source: International Finance Corporation (IFC)

Project
Pending

The proposed investment consists of a Trade Finance facility under IFC’s GTFP (Global Trade Finance Program) for US$20 million for up-to a tenor of 12 months to City Union Bank(CUB). The program will be utilized for guaranteeing trade-related payment obligations of CUB. Established in 1904, CUB is the oldest private sector bank in India and one of the few private sector banks with a niche focus on

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The project “GTFP CUB” is an infrastructure initiative in the Oil and Gas sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

pending

Taiyo status

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Description

Description

The proposed investment consists of a Trade Finance facility under IFC’s GTFP (Global Trade Finance Program) for US$20 million for up-to a tenor of 12 months to City Union Bank(CUB). The program will be utilized for guaranteeing trade-related payment obligations of CUB. Established in 1904, CUB is the oldest private sector bank in India and one of the few private sector banks with a niche focus on serving MSMEs and the retail segment. The Bank has a customer base of over 15,000 MSMEs and a network of 875 branches nationwide, of which over 75% are located in semi-urban, urban, and rural area.                                                                                                      

Original sub-sector

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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