German DFI DEG provides US$ 30 m loan to DFCC Bank
The German development finance institution DEG -
Deutsche Investitions- und Entwicklungsgesellschaft mbH, member of
KfW Bankengruppehas provided a loan of US$ 30 million repayable over
eight years to DFCC Bank,
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ComBank offers transactions in Yuan
For deals with China:
The Commercial Bank of Ceylon has enabled
customers to transact in Chinese Yuan for import and export dealings
with counterparts in the People’s Republic, following the inclusion
of the Renminbi (People’s Currency) as one of the Designated
Currencies in Sri Lanka by the Central Bank.
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‘Property developers play lead role’
Real estate is the fastest growing sector in the
country at present, therefore property developers will have to play
a lead role in the whole process, Central Bank Deputy Governer D
Weerasinghe said.
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