NDB secures US$ 75mn loan from Germany’s Commerzbank

16 July 2018 10:10 am - 0     - {{hitsCtrl.values.hits}}

A A A

The National Development Bank PLC (NDB) has successfully negotiated a loan up to US $ 75 million, from Commerzbank Aktiengsellschaft, Germany recently. 
Dubai-based Alpen Capital Limited was the lead arranger to this loan facility. 


“Repayable in 42 months, the purpose of this loan is to be mobilized in NDB’s general banking business, without restrictions on any specific sector,” NDB said in a statement.    


NDB is presently driven on an ambitious mid-term strategy targeting year 2020 with the goal to become a systemically-important private bank in Sri Lanka. 

This loan from Commerzbank Aktiengsellschaft Germany is expected to provide much impetus in expanding the bank’s balance sheet and steering it towards this goal. 


Commenting on this loan, NDB Director/ CEO Dimantha Seneviratne said the bank hopes to disburse these funds to customers at competitive rates. 


He also said that NDB is glad to be a stakeholder of this facility, which saw a renowned foreign bank’s investment in Sri Lanka, and the influx of foreign currency in to the country. 

 

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Employees’ health and safety our top-most priority - Brandix

When inquired, Brandix Apparel Limited said that health and safety of employe

“Workers who fainted had water sprinkled on their faces and had to work again”

Health authorities believe the first reported Covid-19 infected worker from t

“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.