46924-014: SRI: SENIOR UNSECURED LOAN TO NATIONS TRUST BANK - SMALL AND MEDIUM-SIZED ENTERPRISES FINANCE PROJECT

Project Data Sheet (PDS): Overview


Description

The project entails a $15 million, 5-year ADB loan to NTB for onlending to SME borrowers. The project will help meet rising demand for financing by SMEs and give them better access to funding. It will also support the growth of Sri Lanka's banking sector by providing longer-term financing. To promote inclusive financial development, the project will include geographic targets for NTB onlending in post-conflict areas, as well gender lending targets to support women involved in SMEs. Read More

Country Sri Lanka
Borrower/Equity Investment Name NATIONS TRUST BANK PLC
Project Number 46924-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7382
Approval Date 06 Feb 2013
Closing Date 26 Jul 2015
Geographical Location Sri Lanka
Sector Finance
Subsector Banking Systems
Safeguard Categories Environment: FI
Resettlement: FI
Indigenous People: FI

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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
Asif Cheema
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Private Sector Financial Institutions Division

PDS Creation Date
01 Apr 2013

Last PDS Update
30 Sep 2014

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