LGB Bank said it has secured syndicated funding worth $67.5 million from three international development finance institutions (DFIs).
The funding, which has a tenor of five years, will be used to finance local small and medium enterprises (SMEs), LGB said in a statement.
The DFIs providing the funds are the Dutch Development Bank (FMO), the OPEC Fund for International Development (OFID), and the Development Bank of Austria (OeEB). FMO has contributed $32.5 million while OFID and Oe...
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The funding, which has a tenor of five years, will be used to finance local small and medium enterprises (SMEs), LGB said in a statement.
The DFIs providing the funds are the Dutch Development Bank (FMO), the OPEC Fund for International Development (OFID), and the Development Bank of Austria (OeEB). FMO has contributed $32.5 million while OFID and Oe...
Article details
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