46912-014: SENIOR UNSECURED LOAN TO DFCC VARDHANA BANK LIMITED

Project Data Sheet (PDS): Overview


Description

The proposed facility will be used exclusively for mortgage onlending and housing rehabilitation loans. ADB will restrict the use of its funds for owner-occupied residences and will target a minimum of 30% of the facility for loans outside Colombo in the North, East and tsunami-impacted areas.... Read More

Country Sri Lanka
Borrower/Equity Investment Name DFCC VARDHANA BANK
Project Number 46912-014
Project Type or Modality of Assistance Private Sector Loan and Equity
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7359
Approval Date 29 Aug 2012
Closing Date 19 Sep 2014
Geographical Location Sri-Lanka
Sector / Subsector Classification Finance
/ Banking Systems
Thematic Classification Economic growth
Private sector development
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

 

 

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Responsible ADB Officer
Monisha A. Hermans
Email contact form

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
PSFI

PDS Creation Date
20 Jun 2012

Last PDS Update
02 Jul 2012

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