NATIONS TRUST BANK PLC (FMO-54837)

Countries
  • Sri Lanka
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Nations Trust Bank LTD
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 24.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 24.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Nov 26, 2018


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Project Description

According to FMO, the project aims 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."

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors
  • Nations Trust Bank LTD -- Financial Intermediary

FMO stated that "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."

Contact Information

*No contact information provided at the time of disclosure. 

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