📋 Tender Overview
Project Number
51160
Company Name
CITY UNION BANK LIMITED
Date SPI Disclosed
Aug 14, 2025
Country
India
Region
South Asia
Projected Board Date
Environmental Category
FI-2 - Limited
Status
Pending Approval
Last Updated Date
Department
CF4S1 - Regional Industry - FIG Asia & Pac/FIG India, Bhutan, Maldives
Industry
Financial Institutions
Sector
Commercial Banking - General
Project Description
The proposed investment is a senior unsecured A loan of up to US$50 million to City Union Bank (CUB or the Bank) in India, with a tenor of 3 years (bullet repayment). The proceeds of IFC’s investment will be utilized to support CUB to expand its climate finance portfolio (comprising primarily renewable energy (RE)) (the Project), particularly for its micro, small, and medium enterprise (MSME) customers.
