Original disclosure @ IFC website
Updated in EWS May 12, 2021
Disclosed by Bank May 5, 2021
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According to the bank's website, "The proposed investment is a 7-year subordinated loan (sub-debt) of up to US$40 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of IFC’s own account investment of up to US$10 million and mobilization of up to US$30 million. The sub-debt will be qualified as a Tier 2 capital under the local regulations to strengthen the Bank’s resilience amid the ongoing COVID-19 pandemic and support the Bank’s long-term strategy to primarily grow financing to micro, small and medium enterprises (MSMEs) including women-owned MSMEs (WMSMEs)."
Contact information not provided at the time of disclosure.
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