SDB bank secures US$ 40mn DFC commitment

Sanasa Development Bank PLC (SDB bank) yesterday said they have received a US$ 40 million commitment from U.S. International Development Finance Corporation (DFC), subject to
regulatory approval.  

DFC is the U.S. government’s development finance institution.

“Sanasa Development Bank PLC has been committed to a US$ 40 million loan from the U.S. International Development Finance Corporation (DFC), the arm of U.S. Government Development Bank subject to regulatory approval.

SDB and DFC aim to support small and medium enterprises (SMEs) and women entrepreneurs to support private sector investment and economic growth in Sri Lanka,”  a stock exchange filing by the bank said.