Abu Dhabi – Mubasher: National Bank of Ras Al Khaimah (RAKBANK) inked a five-year long-term loan facility worth AED 55.11 million ($15 million) with Sri Lanka-based Seylan Bank, according to a bourse statement.
The bank has secured the long-term facility to expand its portfolio growth in Foreign Currency Banking Unit (FCBU).
The loan will assist in further improving the Asset Liability Management (ALM) gap in Seylan’s FCBU Book.
