Nations Trust Bank Plc
Status: Completed investmentWhy disclosure?
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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
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.
What is our 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 do we fund this investment?
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.
What is the Environmental and Social categorization 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 |
|---|---|
| 10/1/2024 | USD 40.00 MLN |
- Website customer/investment
- https://www.nationstrust.com
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 8/6/2018
- End date
- 9/12/2023
- Total FMO financing
- USD 24.00 MLN
- Funding
- FMO NV
-
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