City Bank enrolls to IFC s Global Trade Finance Program as Confirming Bank, first by a Bangladeshi bank-566833 daily-sun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-sun.com Daily Mail and Mail on Sunday newspapers.
Priyantha Talwatte, Director/ Chief Executive Officer, NTB
In an effort to provide improved access to critical working capital for Sri Lankan businesses impacted by the COVID-19 pandemic and to help preserve jobs, IFC, a member of the World Bank Group, is providing a $25 million loan to Nations Trust Bank (NTB).
The financing package, which will be used by NTB to help small and medium sized enterprises (SMEs) and corporates, is part of IFC’s $8 billion global COVID-19 fast-track financing facility, supporting companies to stay afloat during the ongoing public health crisis. This investment comes under the Working Capital Solutions (WCS) program of the COVID-19 response envelope, which provides $2 billion globally to emerging-market banks, enabling them to keep operating and preserve jobs.
IFC extends P750-M loan to CARD for relending to MSMEs inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.