COLOMBO: Sri Lanka and Korea signed an agreement to facilitate their importers and exporters by setting up a revolving credit line of %50 million.
This agreement was signed between Sri Lanka’s Hatton National Bank (HNB), and The Export-Import Bank of Korea’ (KEXIM).
Jonathan Alles, Managing Director of HNB said that 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.
He further added that we intend to develop 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.
