HNB raises $49 mln long term debt
View(s):Hatton National Bank PLC recently signed an agreement with the China Development Bank (CDB) to raise a long term loan of US$ 49 million.
Speaking at the occasion, acting HNB CEO, Jonathan Alles said that, “this is the second loan granted to HNB by CDB since 2012 and it demonstrates the confidence international banks have placed in us based on our strength and stability”. These funds will form a part of HNB’s long term funding plan. CDB is one of China’s state-owned banks. The agreement was signed by HNB Chairperson Ranee Jayamah and Mr. Alles on behalf of HNB and Bai Yingfu, General Manager, CDB, Guangxi Branch on behalf of the CDB.
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