MTB closes US$20m loan deal with Norfund
- A Monitor Report
01 Jul, 2018 |
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Oslo : Mutual Trust Bank Limited (MTB) recently closed a term loan deal of US$ 20 million with the Norwegian Investment Fund for Developing Countries (Norfund) at a ceremony at the Norfund headquarters in Oslo, Norway.
Officials present at the function included Kristin Clemet, Chair, Board of Directors, Peter Molthe, Senior Advisor, Erik Sandersen, Executive Vice President, Marianne Halvorsen, Senior Investment Manager, Financial Institu-tions, Norfund, Anis A Khan, Managing Director and CEO, MTB, and Md Ehethesham Rahman, Vice President and Head of Structured Finance Unit, MTB.
Kristen Clemet appreciated the efforts of MTB and NORFUND for successfully closing the deal through a remarkable partnership, according to a statement.
Anis A Khan thanked Norfund for considering MTB as their financial partner and, in turn, contributing significantly to the overall socio-economic development of the country.
He emphasised on the consistent hard work of the due diligence teams of both MTB and Norfund for providing innovative financial solutions with a view to meeting its corporate and SME customers' evolving needs.