clock December 24,2023
NDB Bank Launches ‘SME Re-Energizer’ Loan to Empower SMEs and MSMEs at 7% Interest Rate

NDB Bank Launches ‘SME Re-Energizer’ Loan to Empower SMEs and MSMEs at 7% Interest Rate

NDB Bank is proud to announce the launch of its new 'SME Re-Energizer' loan in collaboration with the Sri Lankan Government, designed to provide essential financial support to SMEs and MSMEs across Sri Lanka. This initiative underscores NDB's commitment to empowering small and medium-sized enterprises and fostering economic growth by supporting the nation’s emerging businesses.

The 'SME Re-Energizer' offers investment loans up to LKR 15 million per SME client with a valid business registration, available at a highly competitive interest rate of 7% per annum. This scheme targets key sectors, including manufacturing, construction, exports, tourism, apparel, agriculture, and agro-based industries. With flexible repayments, the scheme aims to provide long-term financial solutions tailored to the specific needs of each business entity.

Eligible purposes for the loan include the purchase of assets such as machinery, equipment, or furniture for business expansion. The scheme also covers cost reduction initiatives such as solar installations and productivity improvements, vehicle purchases for the tourism sector, business expansion through the introduction of new or advanced technologies, and new constructions, expansions, or refurbishments of factories, buildings, or warehouses.

NDB Bank recognises the vital role that SMEs and MSMEs play in driving economic growth and innovation in Sri Lanka. By providing affordable financing options, the bank aims to enable these businesses to invest in their growth, enhance their operational efficiency, and achieve their strategic objectives. This initiative is more than just a financial product; it is a testament to NDB’s commitment to nurturing the entrepreneurial spirit and supporting the sustainable development of the Sri Lankan economy.

By empowering small and medium-sized enterprises, NDB Bank aims to invest in the future of the nation, create jobs, and foster a resilient and diversified economic landscape. By offering competitive financial solutions tailored to the unique needs of these businesses, NDB Bank is committed to supporting their growth and innovation, ultimately contributing to the broader economic prosperity of the country.

For more information on the 'SME Re-Energizer' loan and how it can benefit your business, please visit your nearest NDB branch or contact our customer service hotline. Together, let’s re-energize the future of Sri Lankan enterprises.

NDB Bank is the fourth-largest listed commercial bank in Sri Lanka. The Bank was named the Retail Bank of the Year (Sri Lanka) at Asian Banking & Finance Retail Banking Awards 2023 and the Best Corporate Bank 2023 by Asiamoney and also emerged as the Most Awarded Corporate in Sri Lanka in 2022 for the second consecutive year, as per the annual rankings of Sri Lankan publication LMD. The Bank was adjudged the Best Bank in Sri Lanka 2022 by Global Finance USA and Euromoney in their annual best bank awards programmes. Additionally, The Bank was named one of the "Top 50 Best Workplaces in Sri Lanka 2022" by Great Place To Work, USA. NDB is the parent company of the NDB Group, comprising capital market subsidiary companies, together forming a unique banking and capital market services group. The Bank is committed to empowering the nation and its people through meaningful financial and advisory services powered by digital banking solutions.

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