Project detail - NATIONS TRUST BANK PLC

NATIONS TRUST BANK PLC

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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.

Funding objective

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.

More investments

Date Total FMO financing
4/28/2021 USD 40.00 MLN
Region
Asia
Country
Sri Lanka
Sector
Financial Institutions
Signing date
8/6/2018
Total FMO financing
USD 24.00 MLN
Fund
FMO
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)
B