Sri Lanka Union Bank gets IFC trade finance

FE Team | Published: March 30, 2011 00:00:00 | Updated: February 01, 2018 00:00:00

COLOMBO, Mar 29 (LBO): The International Finance Corporation (IFC) said it will provide a five-million US dollar trade finance facility to Sri Lanka's Union Bank of Colombo. The funds will help boost international trade opportunities for the bank and its small business and corporate sector clients. "The trade finance facility will provide the Union Bank of Colombo with risk coverage and access to a global network that will support growth of the bank's trade finance business," a statement said.