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» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyToday at 6:58 pm by NIRMALSG

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyToday at 2:22 pm by කිත්සිරි ද සිල්වා

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyToday at 1:56 pm by yellow knife

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyYesterday at 9:14 pm by hammurabi

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyThu Jun 13, 2019 8:11 pm by ruwan326

» NTB.N0000 (NATIONS TRUST BANK PLC)
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» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
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» HNB.N0000 ( Hatton National Bank PLC)
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» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptySun Jun 09, 2019 12:15 pm by ruwan326

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyTue May 28, 2019 8:03 am by කිත්සිරි ද සිල්වා

» සදහම් අටුවාව
Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyTue May 28, 2019 7:07 am by ruwan326

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyWed May 22, 2019 10:04 am by කිත්සිරි ද සිල්වා

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender Empty Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

Post by The Invisible on Tue Oct 16, 2018 7:25 am

ECONOMYNEXT – Sri Lanka’s Nations Trust Bank (NTB) has for a syndicated loan of 50 million US dollars from FMO, a Dutch development agency, to support its business banking activities, mainly loans to small and medium enterprises.

A statement said FMO was able to blend tranches from commercial lenders and themselves to offer an overall facility with a five-year tenor that resulted in a maturity profile aligned well with the NTB’s needs.

“This syndicated transaction is FMO’s first repeat deal for Nations Trust Bank, following a subordinated loan which was provided eight years earlier to further the bank’s ambitious growth strategy,” it said.

Renuka Fernando, NTB Chief Executive Officer, said loan not only provided stable longer term funding to the bank but also opened doors to broad base funding options by establishing relationships with other commercial lenders some of whom are new to the Sri Lankan market.

The statement said the syndicated loan also enabled NTB to reach out to financiers such as Standard Chartered Bank, Abu Dhabi Commercial Bank, First Commercial Bank (Taiwan) and Atlantic Forfaitierungs, most of whom are lending to it for the first time.

FMO is known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. in Dutch or the Netherlands Development Finance Company.
(COLOMBO, 15 Octber, 2018)
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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender Empty Re: Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

Post by yellow knife on Tue Oct 16, 2018 8:30 am

Thanks

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Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender Empty Re: Sri Lanka’s Nations Trust Bank gets US$50mn from Dutch lender

Post by serene on Wed Oct 17, 2018 7:58 am

Thanks Invi.
Is it good thing to get foriegn borrowing given that the Exchange rate risk .?
Have to cope with things which are not in their control.

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