According to the bank website, the senior unsecured loan facility will support funding of CDB's MSME portfolio, specifically focussed on Women Entrepreneurs and green (commercial) vehicles.
According to FMO, Citizens Development Business Finance Plc (CDB) is a regulated deposit taking NBFC, incorporated in 1995 and listed on the Colombo Stock Exchange. Sponsor and main shareholder (~36%) is Ceylinco Life Insurance Ltd, the largest life insurance company in Sri Lanka. CDB (TA USD 491mln, equity USD 46.5mln, RoAA 2.2%), is the 6th largest NBFC and primarily a MSME asset backed lender. Main products are loans (25%) and financial leases (68%) of mainly vehicles. Besides this the company offers a wide financial product gamma including deposits, savings, (VISA) debit cards etc. CDB serves its 83.500 borrowers through a national network of 71 branches and employs just over 1500 staff.
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ACCOUNTABILITY MECHANISM OF FMO
Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism