Tuesday
October 16
2018

Netherland’s FMO arranges US $ 50mn syndicated loan for Nations Trust Bank

The Dutch development bank, FMO, recently arranged a US $50 million syndicated loan for Nations Trust Bank (NTB) to support the bank’s business banking activities, which have been geared more towards Small and Medium Enterprises (SMEs).

This syndicated transaction is FMO’s first repeat deal for NTB, following a subordinated loan which was provided 8 years earlier to further the bank’s ambitious growth strategy.

Photo courtesy of Dhammika Heenpella.

Source: Daily Mirror (link opens in a new window)

Categories
Finance
Tags
banking, banks, development finance, emerging markets, LMICs, SMEs