NATIONS TRUST BANK PLC
Who is our client
Nations Trust Bank LTD is a longstanding client of FMO, a strong universal bank in Sri Lanka with a relatively high focus on SME lending.
To deliver long term stable funding for the bank to finance the business banking activities. The funding will be provided in the form of a syndicated loan in order to diversify the funder base of Nations Trust Bank LTD.
Why we fund this project
Nations Trust Bank LTD is an existing client of FMO with a strong track record of performance, a specific focus on supporting SME's and very healthy growth opportunities. Apart from offering long term funding to the bank, FMO sees an important role in bringing in new (commercial) lenders to fund the bank and helping it to further diversify its funding profile.
Environmental and social rationale
Nations Trust Bank LTD is an E&S Cat. B bank with an existing ESMS. Key requirement is that the ESMS is kept in place, maintained and that a dedicated staff manager will act as E&S coordinator.
|Date||Total FMO financing|
|4/28/2021||USD 40.00 MLN|
- Sri Lanka
- Financial Institutions
- Signing date
- Total FMO financing
- USD 24.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)