Sri Lankan bank gets $30M loan from German group
The German development finance institution DEG has provided a loan of US$ 30 million repayable over eight years to DFCC Bank, Sri Lanka’s pioneer development bank.
	The money is meant to be utilized for granting sub loans targeted at the SME sector across a wide range of businesses including the renewable energy sector. The related loan agreements were signed in Colombo on October 6 by DFCC Bank CEO Nihal Fonseka and DEG Senior Vice President, Bernd Tuemmers.
	
	This credit line will supplement and diversify DFCC’s long-term funds pool and support our lending activities to green field projects”.
	 
 
  
                     
  
                     
                                       
                                       
                                       
                                       
                                                           
                                                           
                                                           
                                                           
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                             
                     
                             
                     
                             
                             
                     
                             
                 
                 
                 
                 
                 
                 
                