HNB- Eqwtay partnership offers SMEs access to HK, Dubai and S’pore markets

Marking a new benchmark in the SME sector, HNB PLC has partnered with Eqwtay (HK) Ltd to offer local business equity funding facilities and access to new market places in Hong Kong, Dubai and Singapore.

The partnership will ensure HNB SME customers can integrate and access new markets with the support of Eqwaty. HNB DGM Retail and SME Banking, Sanjay Wijemanna and Eqwaty Chairman, Saliya Weerakoon were at a special ceremony to sign the MoU at HNB Towers, HNB said in a media release.

“Over the span of more than 30 years, HNB has played a pivotal role in encouraging entrepreneurs to expand their operations and investments in foreign nations. We are pleased to announce that this partnership will strengthen the nation’s export economy and further accelerate growth,” HNB DGM Retail and SME Banking, Sanjay Wijemanna said.

The partnership will give Sri Lankan SMEs the necessary support to incorporate their businesses overseas. Moreover, select SMEs will be provided with equity investments while ensuring a convenient and seamless market experience.

“We are delighted to be working with HNB, a bank with a long history of supporting SMEs in Sri Lanka. With this partnership, we hope to offer our facilities and services to grow local businesses and strengthen exporters,” Eqwtay Chairman, Saliya Weerakoon said.

Businesses will receive the necessary support to obtain trade licenses from the government, receive guidance on corporate structure and transfer pricing procedures from local business experts, maintain a banking account in any of the top 12 international currencies, and assistance in obtaining credit facilities.

Furthermore, potential SMEs will be identified for equity investments and possible investment deals.

Eqwtay (HK) is a well-known private limited company registered and primarily functions as an investment consulting firm that invests in equity and an export promoter that links companies with buyers that operate in Hong Kong.