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NDB Secures USD75Mn from the United States Development Finance Corporation

NDB Bank disclosed that they have secured a long term funding line of USD75Mn from the Development Finance Corporation of the United States to further the Bank’s support for the Small and Medium businesses and infrastructure funding during these challenging times. The United States is providing a welcome boost to Small and Medium businesses in Sri Lanka struggling with the impact of the pandemic.  The United States International Development Finance Corporation (DFC) is awarding a USD75M funding line to NDB Bank to support its work in expanding and strengthening the SME sector.  DFC is the development finance institution of the United States federal government, primarily

Green belt a last resort – but fears over brownfield being ignored

News analysis: Calls to review valuation system

News analysis: Calls to review valuation system Covid and the looming end of the stamp duty holiday are said to have caused a surge in the down-valuation of properties, and the appeals process is criticised By Rebekah Commane 10 th February 2021 12:59 pm The so-called ‘down-valuing’ of properties is becoming an increasing issue in the mortgage industry, several brokers have testified, with calls for improved transparency in appeals and a review of the entire process. The Covid-19 pandemic is said to have caused a surge in properties being valued at less than they are worth, while some say the problem is being exacerbated by a projected drop in house prices following the end of the government’s stamp duty holiday on 31 March.

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