HNB secures $ 60 m funding for SMEs from France’s PROPARCO

HNB secures $ 60 m funding for SMEs from France’s PROPARCO

28 October 2020 12:08 pm

“We are delighted to enter into this long-term loan agreement with PROPARCO at such a critical juncture in the history of the global economy. This is the second time HNB is partnering with PROPARCO since 2015. “The agreement is a clear testimony for the confidence placed in HNB by International Financial Institutions, especially within the context of the overhanging uncertainty on account of the COVID-19 pandemic. Through this long-term funding, HNB will be in a position to support the much aggrieved SME segment of our nation,” HNB Managing Director and CEO Jonathan Alles said.

Its interventions support private sector actors who contribute to the Sustainable Development Goals (SDGs) by creating jobs and decent incomes, providing essential goods and services and who contribute to poverty reduction and the fight against climate change. Asia is PROPARCO’s third region of intervention, with € 388 million granted in 2019, representing 15% of its commitments.

Head of Financial Institutions & Inclusion Guillaume Barberousse

With 252 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks. The bank has continuously won prestigious accolades including being declared the Best Retail Bank in Sri Lanka for the 11th time by the Asian Banker Magazine, in addition to being ranked among the Top 1,000 banks globally by The Banker Magazine. Locally, HNB leads the Business Today Top 30 rankings and also claimed seven awards at the Best Corporate Citizen Sustainability Awards 2019.