Project detail - INNOVATIVKONZEPT LTD. (NIEDERLASSUN

INNOVATIVKONZEPT LTD. (NIEDERLASSUN

Status: Completed investment
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Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

The Sri Lankan Bankers’ Association (SLBA) was initiated in 1984 and has the main objectives to represent, support and assist members to maintain and develop a sound banking sector in Sri Lanka but to also encourage cooperation between the banks, the public and the regulatory bodies.

What is our funding objective?

The overall objective of the project is “to support the Sri Lankan banking industry in the implementation of the Sustainable Finance Principles that have been agreed upon between 18 banks during phase 1 of the Sri Lankan Sustainable Banking Initiative”.

Why do we fund this investment?

We believe this project to have a good fit with FMO’s role as a sector-wide change agent in a country that can improve E&S performance in the overall banking sector together with willing and able local partners on the ground. By introducing the online training platform, the entire banking sector is able to profit from the initiative thus levelling the playing field and raising the bar.

Region
Asia
Country
Sri Lanka
Sector
Infrastructure, Manufacturing and Services
Effective date
6/26/2017
End date
10/27/2021
Total FMO financing
EUR 0.06 MLN
Funding
FMO NV