Jun 24, 2020 (LBO) – Nations Trust Bank announced the launch of 7 Billion rupees internally generated funds dedicated to extending financial support to key industries, enabling them to recommence their businesses and in turn boost the national economy.
With the “Nations Diriya” support fund, the Bank will reach out to exporters under “Nations Apanayana Diriya” and to local manufacturers under “Nations Vyapara Diriya”. The facilities are designed to support Corporates and Small & Medium Enterprises by offering attractive credit facilities at competitive rates. Through this initiative, Nations Trust Bank will help rebuild a range of industries engaged in direct or indirect export-oriented business and for businesses engaged in local manufacturing to help uplift the economy at large by providing the much needed financial support.
The “Nations Diriya” platform is formulated to offer financial support to businesses in local manufacturing, fisheries, value-added agriculture, tea, processed food, beverages, spices, coconut, and coconut-based products, as well as manufacturers of chemical products, minerals, and essential oils. The facilities will also be available to IT and BPO (Business Process Outsourcing) companies that provide much needed foreign exchange flow into Sri Lanka.
“As a leading Bank in Sri Lanka, we have an important role to play in supporting economic revival and uplifting businesses. We believe that it is our responsibility to support the nation to overcome the economic impediments that the pandemic brought upon us. Given that it was completely unexpected, no individual or business had time to adjust to the challenges that came their way,” stated Priyantha Talwatte, Director/Chief Executive Officer of Nations Trust Bank.
“Our facilities are extended across multiple industries and business sectors to help the economy at large. We are focused on providing diverse businesses much needed relief and thus supporting them at this critical hour. Most businesses can revive successfully if the right support is given immediately and thereby overcome and expand in the long term. Therefore, we urge companies to make use of this excellent opportunity and together we can overcome this crisis.”