Nations Diriya

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Nations Diriya

A Rs. 7Bn internally generated fund toextend financial support to key industries thereby, enabling them to recommence their businesses and in turn boost the national economy.

The facilities are designed to support Corporates and Small & Medium Enterprises by offering attractive credit facilities at competitive rates. Through this initiative, Nations Trust Bank will help rebuild a range of industries engaged in direct or indirect export-oriented business and for businesses engaged in local manufacturing to help uplift the economy at large by providing the much needed financial support.

Nations Apanayana Diriya Loan Scheme – Supporting Exporters

Type of Credit Facilities Available under this Scheme


This scheme will cover the working capital facility requirements

  • PCL and Bill Discounting

 

Eligibility

  • Direct/Indirect exporters from specified sectors (see below)*
  • Minimum 3 years of existence in the business with satisfactory financial performance
  • Availability of evidence of satisfactory liability settlements

 

Eligible Sectors*:

  • Manufacturing - Rubber based Manufacturing, Parts Manufacturing (Automobile and Airline), Boat and Ship Building, Packaging/ Printing
  • Fish & Fisheries products
  • Agriculture – Tea, Processed food & Beverages, Coconut & Coconut based Products, Spices
  • Chemicals, Plastic products & Minerals
  • Essential Oils & Oleoresins
  • ICT / BPO
Nations Vyapara Diriya Loan Scheme – Supporting local manufacturers

Type of Credit Facilities Available under this Scheme


This scheme will cover only the working capital facility requirements

  

  • Term Loan - To finance the permanent working capital of the business
  • STL / IFL - To finance the trade related working capital requirement of the business

 

Eligibility

  • Domestic Manufacturers from specified sectors
  • Minimum 3 years of existence in the business with satisfactory financial performance
  • Clients with availability of evidence of satisfactory liability settlements

 

Eligible Sectors:

  • Health Care- Private hospital/Channeling centers, Pharmacies/Pharmaceutical agencies, Medical equipment suppliers/importers, Laboratories
  • Education - Private Schools/Private Universities, Institutions which provides Professional qualification (i.e. CIMA), Vocational training centers
  • Telecommunication - Data/voice providers, Telecommunication equipment/accessory suppliers
  • IT - Hardware/accessories, Software developers/solution providers, Networking, Web-designers/web-based platform developers
  • BPO - Knowledge process outsourcing, Legal process outsourcing, Research process outsourcing
  • Industries/Manufactures – Chemicals, Pharmaceutical products, Value additions (including Agri), Other export-based manufactures, FMCGs
  • Food and beverages - Dry food / Canned food
  • Agriculture – Tea, Coconut based products, Fisheries, Spices, Agri value additions
  • Import (Value additions)

 

For more information, please contact:

 
+94 11 4313 149/+94 77 0061 794 (Dimuthu)
+94 11 4313 307/+94 76 6453 254 (Buddhika)

Or email : diriya@nationstrust.com

 

*Conditions Apply


(Nations Trust Bank holds the authority to change, add or revise any condition, term or statement in this scheme)

Frequently Asked Questions

Dedicated financing scheme (LKR 7.0 Bn) for Commercial and Corporate segments (“Nations Diriya”)

  • Existing performing NTB Clients from specified sectors.
  • New clients from specified sectors under each loan scheme.

      Both above mentioned set of client’s should satisfy the following conditions;

  • Minimum 3 years of existence in the business with satisfactory financial performance
  • Clients with availability of evidence of satisfactory liability settlements
a. Direct/Indirect exporters who are falling under the below categories
Manufacturing

Rubber based manufacturing
Parts Manufacturing (Automobile and Airline)
Boat and ship building
Packaging/ Printing

Fish & Fisheires products  
Agriculture

Tea
Processed food & Beverages
Coconut & Coconut based Products
Spices

Chemicals, Plastic products & Minerals Unlimited
Essential Oils & Oleoresins 10,000,000
ICT / BPO 5,000,000
 
b. Domestic businesses under below sub segments
Health Care

Private hospital/Channeling centers
Pharmacies/Pharmaceutical agencies
Medical equipment suppliers/importers
Laboratories

Education

Private Schools/Private Universities

Institutions which provides Professional qualification (i.e. CIMA) 

Vocational training centers

Telecommunication

Data/voice providers
Telecommunication equipment/accessory suppliers

 IT

Hardware/accessories
Software developers/solution providers
Networking
Web-designers/web based platform developers

 BPO

Knowledge process outsourcing
Legal process outsourcing
Research process outsourcing

Industries/Manufacturers

Chemicals
Pharmaceutical products
Value additions (including Agri)
Other export based manufactures
FMCGs

Food & Beverages

Dry food

Canned food

Agriculture

Tea
Coconut based products
Fisheries
Spices
Agri value additions

Import (Value additions)  

This scheme will cover only the working capital facility requirements. The following products are available under this special loan scheme;

Export Financing

  • PCL and Bill Discounting

Domestic Financing

  • Term Loan - To finance the permanent working capital of the business
  • STL / IFL - To finance the trade related working capital requirement of the business

 

Have more questions?

View all FAQs

  • PCL /Bill discounting – As per the working capital cycle of the bank
  • TL/IFL/STL -  Maximum tenor will be 24 months and tenor to be decided based on the working capital cycle of the business (On case by case basis)
There is no maximum turnover limit applicable for this scheme and this scheme covers all the business segments (SME, Mid corporates and large corporates).
  • Special competitive rate to be offered by the bank.
  • For STL/TL/IFL For loans up to a maximum of 02 years, 1st year to be fixed and to be repriced at 1M AWPLR+2% (subject to a floor rate).
  • PCL /Bill Discounting -Interest to be serviced on a monthly basis and capital to be settled at the end of the tenor.
  • TL - To be paid on equated monthly installments.
  • IFL/STL - Capital to be settled at the end of the tenor as determined by WC cycle.

On all the products interest to be serviced on a monthly basis

  • PCL /Bill Discounting – Facility values to be decided on case by case basis
  • TL/STL/IFL - LKR 10 Mn and above (maximum loan value to be decided on case by case basis)
Maximum of 03 months grace period to be provided only under TL, grace period to be considered on a case by case basis on request by the borrower.
Tangible collateral to be obtained covering the facility value or other collateral as per the discretion of the Bank in line with borrower risk profile.
  • Assignment of AMEX cards proceeds to NTB.
  • Routing of .... % of business cash flows through the account maintained with NTB.
  • No capital expenditure undertakings without prior written approval of the bank until the loan is fully repaid.
  • Borrower to provide the KPI's of the business quarterly
  • NDC to be activated at the time of disbursement of the facility.
  • Debtor assignments to be obtained
  • Covenants to verify end use of funds to be incorporated and such covenants to be EH
  • Supplier payment to be directly remitted through the bank
  • Salary payments to be directly remitted through the bank to respective employee account maintained with us or other banks.
  • Utility payments to be made as internal transfer
  • Export proceeds to be assigned directly to the Bank.
  • Standard Security documents applicable for the facility to be obtained.