HATTON NATIONAL BANK PLC.
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Hatton National Bank PLC is the second largest private commercial universal bank in Sri Lanka and an established market leader in the microfinance, SME and infrastructure financing segments. The bank has the largest network of all private sector banks with 250 branches and a wide outreach via ATMs, internet and mobile banking channels.
What is our funding objective?
The proposed USD 100 mln syndicate is led by ADB (USD 75mln) with FMO participating as B-lender (USD 25 mln). The proceeds will be used to further support growth of the HNB's infrastructure portfolio.
Why do we fund this investment?
Following the end of the civil war in 2009, infrastructure reconstruction is crucial for support of economic growth in the northern and eastern regions. Additionally, whilst HNB provides infrastructure loans with a maturity of up to 8 years, long-term debt financing remains scarce and expensive for Sri Lankan banks. The proposed loan is therefore expected to further stimulate growth in the infrastructure sector and reduce the bank’s maturity mismatch.
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 4/20/2015
- End date
- 4/7/2022
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
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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