The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CSE Daylight Robbery !Mon Sep 21, 2020 9:54 pmYin-Yang
Trading Journal Tue Sep 15, 2020 10:37 pmThe Invisible
AEL Access EngineeringTue Sep 15, 2020 7:24 pmsmallville
CFVF - First CapitalWed Sep 09, 2020 9:42 pmWonderer
DIPD.N0000 (Dipped Products PLC)Mon Sep 07, 2020 8:47 amBeta
Plantation Sector UpdatesMon Aug 24, 2020 10:00 amserene
අනං මනං! #/+?.<>Tue Aug 18, 2020 11:15 pmYin-Yang
Dividend AnnouncementsMon Aug 17, 2020 1:27 pmRana
Ceylon Tobacco CTCSun Aug 16, 2020 5:11 pmThe Invisible
Sunshine HoldingsFri Aug 14, 2020 9:39 pmThe Invisible
HAYC - HaycarbFri Aug 14, 2020 10:15 amBeta
Tokyo CementThu Aug 13, 2020 11:45 pmThe Invisible
LOLC HoldingsWed Aug 12, 2020 3:52 pmThe Invisible
SLTL.NWed Aug 12, 2020 11:06 amThe Invisible
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 2665
Join date : 2016-11-28
Age : 41

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

on Tue Oct 16, 2018 7:25 am
Message reputation : 100% (1 vote)
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)
avatar
yellow knife
Top contributor
Top contributor
Posts : 6806
Join date : 2014-03-27

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

on Tue Oct 16, 2018 8:30 am
Thanks
avatar
serene
Top contributor
Top contributor
Posts : 4848
Join date : 2014-02-26

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

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.
Back to top
Permissions in this forum:
You cannot reply to topics in this forum