2 sources
Sri Lanka’s Nations Trust Bank secures $70mn IFC financing
Comprises a 50 million dollar senior unsecured loan and a 20 million dollar Global Trade Finance Program line
Summary
This is IFC's first debt transaction in Sri Lanka's financial sector since the 2022 financial crisis. Nations Trust Bank's Director and Chief Executive Officer, Hemantha Gunetilleke said, "NTB's longstanding strategic partnership with IFC has enabled this investment at a pivotal time for Sri Lanka's economy.
What this story is about
People
- ECONOMYNEXT - Sri Lanka
- Hemantha Gunetilleke
- Allen Forlemu
- Fitch Ratings
Organisations
- International Finance Corporation2
- Global Trade Finance Program2
- Nations Trust Bank2
- World Bank Group2
- IFC2
- NTB2
- Financial Institutions Group
- National Long-Term Rating of
Places
- Sri Lanka2
- HSBC Sri Lanka
- Asia Pacific
Keywords
- multilateral
- comprises
- financing
- unsecured
- becomes
- funding
- secures
- crisis
- dollar
- debt
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
Share this story
Send the whole picture, not one version of it.
Also reported by
2 newsrooms have reported this story
Full coverage