Sri Lanka
Société Générale (Sri Lanka)
$5.4 million
Banking
Project Brief
Not Active
MIGA issued guarantees of $3.6 million and $1.8 million to cover the equity and loan investments of Société Générale, S.A. of France in a new branch in Colombo. MIGA guarantees cover the risks of war and civil disturbance for the equity investment and transfer restriction for the loan.
The project enterprise, Société Générale (Sri Lanka), will provide commercial, merchant, and investment banking services. It create some 30 jobs for local Sri Lankan nationals and provide intensive training locally and in France.