China Development Bank provides $50 million loan in 2012 to Hatton National Bank for on-lending activities (Linked to Project ID#33414)

On March 28, 2012, China Development Bank issued a $50 million loan to Hatton National Bank for trade-related, long-term project financing activities (via on-lending). The agreement was signed by Chairperson Dr. Ranee Jayamaha and Managing Director/CEO Rajendra Theagarajah on behalf of Hatton National Bank PLC and Deputy General Manager Guangxi Branch Wei Peng on behalf of China Development Bank Corporation. The maturity length of the loan was 5 years. The other borrowing terms of the loan are unknown. Then, in June 2013, China Development Bank issued a $49 million loan to Hatton National Bank for trade-related, long-term project financing activities (via on-lending). The agreement was signed by Dr. Ranee Jayamaha, Chairperson of Hatton National Bank PLC and Mr. Bai Yingfu, general manager of CDB’s Guangxi branch. The maturity length of the loan was 5 years. The other borrowing terms of the loan are unknown. The 2012 CDB loan is captured via Project ID#33414. The 2013 CDB loan is captured via Project ID#33414.

Additional details

1. Hatton National Bank PLC is a private bank in Sri Lanka with 251 branches and 563 ATMs. It is the fifth largest company by market capitalization (FY2014: 11th ranked) on the Colombo Stock Exchange (SLRs116.5 billion). It is considered a systemically important bank in Sri Lanka.

Number of official sources

3

Number of total sources

6