Foreign Credit

June 27, 2013 (LBO) – Sri Lanka’s Hatton National Bank said it had inked a deal to raise 49 million US dollars from China Development Bank. Acting chief executive of Hatton National Bank, Jonathan Alles said it was the second loan given by CDB, indicating the confidence in the bank’s strength.

State-run CDB has assets of over 1.25 trillion dollars, HNB said. CDB is also funding state projects in Sri Lanka.

This agreement was signed by Dr RaneeJayamaha, Chairperson and Mr. Jonathan Alles, Acting CEO on behalf of Hatton National Bank PLC and Mr

Bai Yingfu, general manager of CDB’s Guangxi branch and HNB chairperson Ranee Jayamaha and signed the agreement.