Sri Lanka’s HNB to establish $ 50 mn credit line with Korean Exim Bank

Dec 17,2014 (LBO) – Sri Lanka’s Hatton National Bank (HNB), a private lender entered into an agreement with The Export-Import Bank of Korea’ (KEXIM)recently to establish a revolving credit line of 50 million US dollars to finance trade between Sri Lanka and Korea, the bank said in a media release. With foreign trade between Sri Lanka and Korea growing significantly, the agreement entered into with KEXIM is timely and would enable HNB to pass on the benefit of attractive interest rates to customers, Jonathan Alles , Managing Director of HNB was quoted in the press release.

We intend developing a long-term and strategic relationship with KEXIM to facilitate more trade between the two countries by bringing in more importers and exporters together, facilitating new trade partnerships through our alliance.

KEXIM is an official export credit agency providing comprehensive export credit and guarantee programs to support Korean enterprises in conducting overseas business.

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