Sri Lankas NDB Investment Bank (NDBIB) has arranged a USD12
million loan credit for The Hawks Private Limited, one of the leading companies
for the import & distribution of fuel in the Maldives.
Two leading banks in Sri Lanka, National Development Bank Plc
(NDB) contributed 7 million dollars while Peoples Bank contributed 5 million
dollars for the revolving credit line.
NDBIB Assistant Vice President Sujani Perera, said, "Uninterrupted
fuel supply is crucial for the Maldivian economy given its geographical challenges."
Moreover, he commented, "The Hawks, being a leading
Maldivian company making its mark outside of the resort sector, has recently
invested in developing the necessary infrastructure to improve the overall
efficiency in the fuel supply and distribution in the country. NDBIB is
privileged to have structured and arranged a USD facility to support The Hawks
in its growth journey, harnessing its inbuilt strength and potential within the
Maldives and beyond."
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