Risk Cover

Mar 29, 2011 (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.