City Bank has recently secured $10 million funds from the Norwegian Development Bank (Norfund) to support its offshore banking unit and project financing requirements of customers.

A financial closure ceremony was organised in Oslo, Norway where City Bank Managing Director Sohail RK Hussain and Norfund Chief Executive Officer Kjell Roland signed the agreement on behalf of their respective organisations, City Bank said in a statement.

City Bank's Head of Wholesale Banking Sheikh Mohammad Maroof, Head of Structured Finance Mahbub Jamil, Norfund Head of Financial Institutions Erik Sandersen, and Senior Investment Manager Marianne Halvorsen were also present on the occasion, it said.