The agreement represents the first joint financing facility between OFID, OeEB and DEG. It provides term loan financing of
Commenting on the agreement, OFID Director-General Suleiman J Al-Herbish said: “We need to work together and build effective partnerships. OFID welcomes this collaboration with OeEB and DEG to provide stable, long-term funding for Seylan, a leading bank in the country.”
Development agencies, OFID, OeEB and DEG, are united in their commitment to achieving the
Over one third of the funding will support MSMEs in the northern and eastern provinces of
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About DEG
DEG is a reliable partner for private companies investing in developing and emerging-market countries. For more than 50 years, we have been promoting sustainable development that creates jobs, better living conditions and new prospects. We are committed to the long-term success of our customers: Therefore we do not only provide long-term capital, but also individual advice and support. With a portfolio of around
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