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DCM CBC DPR Green

Sector: Raw Materials • Location: Sri Lanka

Source: International Finance Corporation (IFC)

Project
Completed

The project comprises of a senior senior loan of US$100 million secured by future foreign currency flows to Commercial Bank of Ceylon PLC (‘CBC’, the Bank), the largest private commercial bank in Sri Lanka and an existing IFC client. The funds will be utilized by the Bank to fund the growth in its green lending portfolio. The financing provided is a fit with the World Bank and IFC strategy of prom

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The project “DCM CBC DPR Green” is an infrastructure initiative in the Raw Materials sector, located in Sri Lanka. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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completed

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Description

Description

The project comprises of a senior senior loan of US$100 million secured by future foreign currency flows to Commercial Bank of Ceylon PLC (‘CBC’, the Bank), the largest private commercial bank in Sri Lanka and an existing IFC client. The funds will be utilized by the Bank to fund the growth in its green lending portfolio. The financing provided is a fit with the World Bank and IFC strategy of promoting sustainable growth and sustainable energy usage in Sri Lanka.CBC was established in 1969 and is one of five systematically important banks in Sri Lanka. IFC first engaged with CBC in 2003 with an equity investment, followed by a trade line in 2008, risk share facility in 2009, senior loan back by a future foreign currency flows in 2012 and a sub debt in 2013.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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